Markets

Impex Ferro Tech Ltd Holds 28th Committee of Creditors Meeting Amid CIRP Impex Ferro Tech Limited, which is currently undergoing a Corporate Insolvency Resolution Process (CIRP), successfully convened its Twenty-Eighth Meeting of the Committee of Creditors (CoC).The CoC meeting was conducted on Friday, June 19, 2026. The session commenced at 17:00 hours and concluded at 17:45 hours. Following the meeting, the minutes were circulated via email on June 20, 2026, at 17:45 hours.The primary subject discussed during this meeting was the revised bid received from an eligible Professional Resolution Applicant (PRA). The resolution process continues as the company addresses outcomes related to these bids within the framework of its CIRP...

Vedanta Aluminium Shares Surge as Brokerages Issue Bullish Calls, Assigning High Target Prices Vedanta Aluminium shares registered a significant surge on Monday, hitting the 5 percent upper circuit limit. The gain comes amid continued positive sentiment from brokerage houses who are reinforcing their 'Buy' ratings and significantly increasing price targets for the pure-play aluminium producer.The stock settled at Rs 480.65 per share on the NSE, marking a strong rebound after two consecutive sessions of declines where the shares had previously fallen more than 2 percent. This movement highlights mounting investor confidence in the company's operational efficiencies and sector fundamentals.Analyst Consensus: Kotak Justifies Premium...

Info Edge Bets Big on Future: AI and Deeptech Investments Surge Up 82% As Portfolio Crosses ₹41,000 Crore Mark Info Edge, the parent company behind Naukri.com, is making significant bets on emerging technologies. The company's targeted investments in artificial intelligence (AI) and deeptech startups have demonstrated robust growth since initiating this focus around 2020. As detailed in its recent shareholder letter, these specific investments are now valued at ₹1,827 crore, marking an impressive rise of 82%.The strategic shift reflects Info Edge’s commitment to future value creation beyond the consumer internet space. Founder and vice chairman Sanjeev Bikhchandani stated that the trajectory for future growth will be predominantly...

Tata Consultancy Services Board Meeting Scheduled to Approve Interim Results and Consider Dividend Tata Consultancy Services Ltd has announced a forthcoming meeting of its Board of Directors, which is set to approve the audited interim financial results for the quarter ending June 30, 2026, and consider the declaration of an interim dividend.The board meeting is scheduled for Thursday, July 9, 2026. At this meeting, the company's directors will review and take on record both the standalone and consolidated interim financial results under Indian Accounting Standards (Ind AS) for the quarter that concluded on June 30, 2026.A key agenda item for the board is the consideration of an interim dividend to equity shareholders. If approved...

Core Industries Index Inches Up in May 2026 as Manufacturing Strength Masks Petrochemical Slump The combined performance of India's core industries registered a marginal gain in May 2026. The provisional data showed the Index of Eight Core Industries (ICI) increasing by 0.5 per cent compared to May 2025. This subtle rise comes despite significant declines across key energy and resource sectors, such as Crude Oil and Petroleum Refinery Products.The ICI captures the performance of eight critical industries: Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement, and Electricity. These core industries collectively constitute 40.27 per cent of the weight included in the Index of Industrial Production (IIP)...

Vikram Saxena Charged as Director (Production) at ONGC Oil and Natural Gas Corporation Limited (ONGC) has assigned an additional charge of the post of Director (Production) to Shri Vikram Saxena. The appointment follows a directive from the Ministry of Petroleum and Natural Gas, Government of India.Shri Vikram Saxena, currently holding the designation of Director (Technology & Field Services), was entrusted with the additional responsibilities of Director (Production). This charge is effective starting July 01, 2026.The assignment is for a period of three months. The charge will continue until a regular incumbent is appointed to the post or unless further orders are issued, whichever occurs earliest.BAJAJ-AUTO Stock Price Movement...

Foseco India Sells Minority Stake in FCIL to Meet Public Shareholding Norms Foseco India Limited has completed the sale of equity shares of its subsidiary, Foseco Crucible (India) Limited (FCIL), which was formerly known as Morganite Crucible (India) Limited. The transaction, executed through an open market route, enabled FCIL to meet minimum public shareholding requirements.The company successfully sold 99,081 equity shares in FCIL, constituting 1.77% of the total paid up equity share capital of the subsidiary. This sale was conducted for an aggregate consideration of approximately INR 11,99,72,779. The transaction was completed within the timeline established in a previous intimation by the company.The sale reduced Foseco India...

Garware Technical Fibres Ltd States Stock Volume Increase Is Purely Market Driven Garware Technical Fibres Limited has clarified the significant increase in the volume of its securities across exchanges, stating that the stock movement is purely market driven and not linked to any company-specific announcements.The company addressed an inquiry regarding the sharp rise in trading volume and subsequent price action concerning its scrip.In response, Garware Technical Fibres confirmed that, as per current knowledge, the company does not possess any information or impending announcement that could influence the price or volume behavior of its stock and requires mandatory disclosure.The management emphasized that the observed movement...

RBI Slams Sultanpur Jilla Sahkari Bank with ₹3 Lakh Penalty Over Critical Compliance Lapses The Reserve Bank of India (RBI) has imposed a significant monetary penalty on Sultanpur Jilla Sahkari Bank Ltd., Uttar Pradesh. The action was taken following regulatory scrutiny regarding deficiencies in statutory and operational compliance at the cooperative bank. This measure underscores the RBI's commitment to maintaining high standards of governance within the financial sector.Financial Penalty Imposed for Statutory Breaches The RBI, through an order dated June 19, 2026, imposed a penalty of ₹3 lakh (Rupees Three Lakh only) on the bank. This penalty is attributed to contravention of provisions under the Banking Regulation Act, 1949. The...

Stanley Lifestyles Inaugurates Prerana Auditorium at Rotary Bangalore Vidyalaya Stanley Lifestyles Limited, a leading Indian manufacturer of luxury furniture, has inaugurated the Prerana Auditorium at Rotary Bangalore Vidyalaya. The event, which took place on June 13, 2026, underscores the company's commitment to education and community development through its Corporate Social Responsibility (CSR) efforts.The new auditorium is set to serve as a vital venue for academic, cultural, and extracurricular activities at the school, offering students opportunities to build confidence, develop essential life skills, and showcase their talents.Over the past two years, Stanley Lifestyles has invested approximately ₹1.35 crore in partnership...

Kody Technolab Secures Exclusive Worldwide Mandate for AI-Powered Medigo Healthcare Screening Robots Kody Technolab Limited, a deep-tech robotics and AI company, has entered into a multi-year tripartite agreement with Falcon Tech Robotics LLC and Sccore AI Tech Diagnostic Limited. This strategic arrangement appoints Kody Technolab as the exclusive worldwide manufacturer of its Medigo range of AI-powered healthcare screening robots.The agreement spans a three-year term, providing structured commercial visibility for Kody Technolab through a binding minimum purchase framework across biannual commercial periods. Manufacturing and supply are scheduled to commence in the first half (H1) of fiscal year 2026-27.Under the structure, Kody...

SMR Jewels Announces Board Meeting to Approve Half-Yearly and Annual Financial Results SMR Jewels Ltd, formerly known as SMR Jewels Private Limited, has scheduled a meeting of its Board of Directors to review and approve the Audited Standalone Financial Results for the half year and full year ended March 31, 2026.The board meeting is set for Thursday, June 25, 2026. The agenda includes considering, approving, and taking on record the financial results as well as other matters that may be decided by the Board of Directors.In addition to the board meeting, SMR Jewels provided an update regarding its insider trading regulations. The company announced that the trading window for all Designated Persons and their immediate relatives in...

CMR Green Technologies Ltd to Hold Board Meeting for Q1 and FY 2026 Financial Results Approval CMR Green Technologies Ltd has scheduled a meeting of its Board of Directors to approve the audited financial results for the quarter and financial year ending March 31, 2026. The board meeting is set to take place on Tuesday, June 30, 2026.The meeting will cover several items, including the consideration and approval of the Standalone and Consolidated Audited Financial Results for the specified period.Furthermore, the company provided an update regarding its trading window status in adherence to insider trading prevention codes. The stock's trading window, which was closed on June 10, 2026, will remain closed until July 2, 2026, pending...

Veer Global Infraconstruction Board Approves Rights Issue and Debt-to-Equity Conversion The Board of Directors of Veer Global Infraconstruction Ltd made several key decisions during its meeting held on Monday, June 22, 2026, concerning capital structure and future equity issuance.At the board meeting, the company addressed matters related to planned equity offerings and debt restructuring. The Board took note of the in-principle approval received from BSE Limited regarding a proposed preferential issue of equity shares.A significant decision made during the session was the approval of allotment of equity shares on a preferential basis. This allocation will be executed through the conversion of loans into equity shares.Furthermore...

Independent Director Retires from Bafna Pharmaceuticals; Board Committees Reconstituted Bafna Pharmaceuticals Ltd has announced the retirement of an independent director, Mr. Navin Kumar, resulting in changes to several board committees. The change is effective as of June 22, 2026.Mr. Navin Kumar, whose DIN is 08778662, will retire from his role as an Independent Director upon the completion of his first term. Consequently, he will also cease to serve as the Chairman of both the Audit Committee and the Nomination & Remuneration Committee.Following this change in the composition of the Board of Directors, Bafna Pharmaceuticals Ltd has reconstituted several key committees with effect from June 23, 2026. The members and chairpersons...

Steelman Telecom Announces Board Meeting to Consider Preferential Fundraising of Up To Rs. 50 Crores Steelman Telecom Ltd, formerly known as Steelman Telecom Private Limited, has scheduled a meeting of its Board of Directors for Monday, June 29, 2026. The primary focus of the meeting is to consider proposals related to raising funds through the issuance of equity and convertible securities.The board agenda includes evaluating a proposal for raising up to Rs. 50 Crores by issuing Equity or Convertible Share Warrants, or any other eligible convertible securities. This fundraising is planned to be executed on a preferential basis, targeting promoters and selected non-promoters, subject to subsequent approval from shareholders and the...

Nucleus Software Exports Ltd Appoints Bhavit Vijay Godiwala as Chief Customer Success Officer Nucleus Software Exports Ltd has appointed Mr. Bhavit Vijay Godiwala as its new Chief Customer Success Officer, effective June 22, 2026. The appointment places Mr. Godiwala in a senior leadership role dedicated to customer success and strategic delivery within the technology services sector.Mr. Godiwala is described as a seasoned leader in technology and customer success, bringing over 29 years of experience to the company. His extensive background spans strategic technology delivery, large-scale digital transformation, and high-performing team management across various geographies.His expertise covers core banking, digital banking...

Ujaas Energy Limited Announces Key Dates for E-Voting Ahead of Annual General Meeting Ujaas Energy Limited has outlined the essential schedule regarding its upcoming Annual General Meeting, including specific cut-off dates and the timeline for remote e-voting. The company confirmed that the register of members and share transfer books will be closed from Wednesday, July 8, 2026, until Tuesday, July 14, 2026, in preparation for the Annual General Meeting (AGM).The AGM is scheduled to take place on Tuesday, July 14, 2026, at 04:15 P.M. The meeting will be held at the company’s registered office located in Indore.For shareholders wishing to participate via remote e-voting, the designated cut-off date is Tuesday, July 7, 2026.The...

Tax Demand Dropped Against Honda India Power Products Limited in Chhattisgarh Honda India Power Products Limited has received favorable news regarding a tax dispute, as an order has been passed by the Joint Commissioner of State Tax in Raipur, dropping a previous demand raised under Section 73 of the CGST Act, 2017.The action relates to an appeal filed by the company against a demand initially issued by the Assistant Commissioner of State Tax, Jurisdiction- Raipur- 3: Raipur Division -1: Chhattisgarh. The communication regarding this favorable order was received by the company on June 22, 2026.The original dispute involved allegations concerning ITC excess availed for the fiscal year 2019-20, which were reported on November 28...

Valiant Organics Allots 15,000 Shares Under ESOP 2022, Boosting Paid-up Capital Valiant Organics Ltd has announced the allotment of equity shares stemming from the exercise of stock options by an eligible employee under its 'Valiant - Employees Stock Option Plan- 2022' (ESOP 2022). The shares were allotted on June 22, 2026.The allotment relates to the utilization of ESOP 2022 and involves the issuance of 15,000 equity shares, each having a face value of Rs. 10/-.Details pertaining to the share allotment are as follows:Employee Stock Option SchemeNumber of Shares AllottedExercise / Issue Price (in Rs.)Valiant - Employees Stock Option Plan- 202215,00010Total15,0001,50,000The infusion of these new shares has resulted in...