Markets

Jeena Sikho Lifecare Sells Land and Building Asset for ₹9.05 Crores; Retains Operational Rights Through Lease Jeena Sikho Lifecare Limited (JSLL) has approved the sale of a piece of land and building currently used for its business operations to M/s VSB Enterprises, a Partnership Firm, for an aggregate consideration of ₹9,05,00,000. The transaction was approved by the company's Board of Directors during a meeting held on June 19, 2026.The property being sold is located in Village Devinagar, Tehsil Derabassi, District S.A.S. Nagar (Mohali), Punjab, and measures approximately 11 Bigha 02 Biswa 13 Biswasi. JSLL intends to utilize a lease arrangement with the purchaser post-sale, ensuring that the transaction does not result in any...

Cyient Limited Announces Buyback of Up to 64 Lakh Shares at INR 1,125 Per Share Cyient Limited has announced a buyback program for its equity shares through a Tender Offer route. The company intends to repurchase up to 64 lakh fully paid-up equity shares at a fixed price of INR 1,125 per Equity Share.The proposed buyback, which was authorized by the Board of Directors on April 23, 2026, aims to return surplus cash to its shareholders. The total aggregate consideration for this offer is up to INR 720 crore.Details of the Buyback Offer:ParticularDetailsMaximum Shares Proposed64,00,000 (Sixty Four Lakhs) fully paid-up Equity SharesFace Value per ShareINR 5/- (Indian Rupees Five only)Buyback Offer PriceINR 1,125/- (Indian...

Krishna Institute of Medical Sciences Completes Qualified Institutions Placement, Increases Share Capital Krishna Institute of Medical Sciences Limited (KIMS) has successfully completed a Qualified Institutions Placement (QIP) of equity shares, significantly increasing its paid-up equity share capital. The placement involved the allotment of 1,98,67,549 Equity Shares to eligible qualified institutional buyers.The Finance and Investment Committee of the Company approved the allotment at an issue price of ₹ 755 per Equity Share. This transaction resulted in a premium of ₹ 753 per Equity Share, which incorporated a discount of ₹ 16.73 (2.17% of the floor price) to the determined floor price. The entire placement aggregated to...

Max Healthcare Institute Recommends Rs 2 Dividend Per Share; Sets Record Date for FY2025-26 Max Healthcare Institute Limited has announced a final dividend recommendation and set the record date for shareholders who will be entitled to receive the payment. The company also communicated detailed tax deduction at source (TDS) requirements for its members in light of the upcoming Annual General Meeting (AGM).The Board of Directors of Max Healthcare Institute Limited, during a meeting held on May 21, 2026, recommended a final dividend of Rs 2.00 per equity share, which represents 20% of the face value of the share, which is Rs 10/- each.The company has set Friday, July 3, 2026, as the record date for determining members eligible to...

SBI Mutual Fund Eyes Massive Market Entry: SEBI Approves ₹13,000 Crore IPO for Country's Largest Asset Manager Key Details of the Proposed Offering SBI Funds Management Ltd (SBIFML), the country's largest asset management firm, has successfully secured Sebi's approval to float its initial public offering (IPO). The proposed maiden public offering is estimated to be worth ₹13,000 crore.The IPO will take place next month and will feature an Offer For Sale (OFS) of up to 20.37 crore equity shares. There is no fresh issue component planned for this offering.This move allows SBIFML to join a list of prominent players in the asset management sector, alongside ICICI Prudential AMC, HDFC AMC, UTI AMC, Aditya Birla Sun Life AMC, Shriram AMC...

Gold Plunges Amid Hawkish Fed Signals and Peace Deal Setbacks in Middle East Tensions Bullion markets faced a challenging day, with gold continuing its downward trend as traders grappled with conflicting signals from global policymakers and geopolitical developments. The precious metal fell sharply on Friday, as investors weighed the outlook of persistent U.S. interest rate hikes against renewed uncertainties surrounding regional peace talks.Geopolitical Jitters Slowing Peace Efforts Gold experienced a significant drop after news emerged regarding ongoing tensions in the Middle East. Talks concerning a lasting peace deal and Tehran’s nuclear program were postponed, despite an interim accord signed earlier that week following fighting...

SEBI Eases Commodity Margin Burden: Traders Get Major Capital Relief via Early Pay-In Clarification SEBI has introduced a significant regulatory relief for commodity derivatives participants. The Securities and Exchange Board of India (SEBI) clarified the margin framework, allowing positions supported by an early pay-in of certified goods to be exempted from various margin requirements. This move is set to substantially improve capital efficiency across the market.The revised circular clarifies that Clearing Corporations may exempt such positions from all types of margins based on their risk perception. However, a critical component remains: Clearing Corporations must continue collecting mark-to-market (MTM) margins to manage daily...

Trump Declares Anthropic Not a Security Threat as AI Race Heats Up Amid Government Clash President Donald Trump has stated that he does not view Anthropic PBC as a national security threat, following actions taken by his administration regarding access control to the company's advanced artificial intelligence models. The comments come after intense scrutiny from federal bodies over how foreign nationals could utilize models such as Fable 5 and Mythos 5.In an interview with Axios, Trump noted that he felt Anthropic "behaved very responsibly" in response to directives issued by the Commerce Department. He added that he met Chief Executive Officer Dario Amodei and other tech executives during a meeting at the Group of Seven Summit in...

Texmaco Rail Secures Letter of Intent worth Rs 253.28 Crores from JSW Rail Logistics Texmaco Rail & Engineering Limited has received a Letter of Intent from JSW (South) Rail Logistics Pvt Ltd, securing a contract valued at Rs 253.28 crores (including taxes). The order pertains to the Manufacture and Supply of BFNSM1 Rakes along with BVCM Wagons.The agreement involves Texmaco providing railway wagons to JSW (South) Rail Logistics Pvt Ltd. This business engagement is domestic in nature.Key details regarding the contract awarded by JSW (South) Rail Logistics Pvt Ltd are as follows:ParticularsDetailsAwarding Entity NameJSW (South) Rail Logistics Pvt LtdContract NatureManufacture and Supply of BFNSM1 Rakes along with BVCM...

GenXAI Analytics Revisions Financial Disclosures, Clarifying Accounting Standards and Share Capital Structure GenXAI Analytics Limited, formerly known as GenXAI Analytics Private Limited, has released comprehensive clarifications regarding its financial disclosures, covering changes in accounting standards, share capital reconciliation, asset management, and corporate governance details. These revised reports aim to provide complete transparency on the company's operational standing.Financial Accounting Revisions The company confirmed that certain aspects of its financial reporting have been updated following review and advisories. Key revisions relate to how foreign currency transactions are treated and the valuation of intangible...

DCM Shriram Faces High Court Appeal in Material Tax Litigation Related to Transfer Pricing Adjustment DCM Shriram Limited is currently involved in a material tax litigation concerning an Income Tax matter for Assessment Year (AY) 2016-17, which involves transfer pricing adjustments. The dispute is before the Hon'ble High Court of Delhi following an appeal filed by the Principal Commissioner of Income Tax 1, New Delhi, against a prior decision.The litigation pertains to domestic transactions and was initially decided in favor of the Company by the Income Tax Appellate Tribunal (ITAT), Delhi, vide its order dated June 30, 2025. The tax appeal filed before the High Court relates to certain issues within this matter.Key details...

Stanley Lifestyles Secures Domestic Order for Armchairs Worth ₹10,96,928 from Infopark Developers Stanley Lifestyles Ltd has received a significant order from Infopark Developers Private Limited (Tata Realty) for the supply of armchairs intended for an office area. The total value of the contract is aggregated at ₹ 10,96,928, which includes GST and all delivery charges.The order represents a domestic business opportunity, with Stanley Lifestyles Ltd scheduled to execute the contract within a timeframe ranging from 45 to 60 days. Infopark Developers Private Limited is identified as the entity awarding this contract.Key details regarding the order placement and terms are provided below:DetailSpecificationCustomerInfopark...

Sahaj Solar Subsidiary Incorporates New Joint Venture for International Manufacturing in UAE Sahaj Solar Limited has seen its wholly owned subsidiary successfully incorporate a new Joint Venture entity in Abu Dhabi, United Arab Emirates (UAE). The move is part of the company's strategy to expand its international manufacturing footprint within the solar energy sector.The incorporation was finalized on June 19, 2026. The JV, named Sahaj Energy Solar Panels Manufacturing - L.L.C, has been registered as a Limited Liability Company (LLC) in Abu Dhabi. Its primary licensed activities include Solar Panels Manufacturing and Solar Panels Assembling.This strategic venture aims to strengthen the company's global presence in specialized solar...

Novartis India reports minimal shares tendered during ongoing open offer Novartis India Ltd has reported the number of equity shares tendered in connection with an active open offer. The offer involves the acquisition of up to 64,19,608 fully paidup equity shares from public shareholders. These shares represent 26% of the Voting Share Capital of the company.The open offer is being conducted by Acquirer 1 (WaveRise Investments Limited), Acquirer 2 (ChrysCapital Fund X, the first scheme of ChrysCapital Trust I), and Acquirer 3 (Two Infinity Partners). The acquisition process also involves PAC 1 (ChrysCapital X, LLC) and PAC 2 (OceanEdge Investments Limited) in their capacity as persons acting in concert with the Acquirers.The report...

Satani Bearings Appoints New Statutory Auditor and Reconstitutes Key Committees Satani Bearings Ltd., formerly known as Deccan Bearings Limited, has approved significant changes regarding its statutory auditors and the composition of its key corporate committees. The Board of Directors meeting held on June 19, 2026, resulted in the appointment of M/S Bhatt Shah Mekhia & Co. as the new Statutory Auditor, following the resignation of M/S P A M S & Associates. Additionally, the company approved the reconstitution of the Audit Committee and the Nomination & Remuneration Committee.The Board’s decision to appoint M/S Bhatt Shah Mekhia & Co., Chartered Accountants (Firm's Registration No. 129797W), made effective June 19, 2026, fills a...

Promoter Group Acquires Shares of Gayatri Projects Ltd in Off Market Transactions The promoter group members of Gayatri Projects Limited have increased their stake in the company following acquisitions made in the off market. Mr. T.V.Sandeep Kumar Reddy, Chairman and Managing Director (KMP), and Mrs.T.Indira Reddy, both associated with the Promoter Group, acquired shares as part of these transactions.The acquisitions were reported subsequent to the trades taking place on June 16, 2026, and represent a bolstering of their holdings in Gayatri Projects Ltd.Details of the share acquisition by the respective promoter members are provided below:ShareholderRolePrior Holding (Shares/%)Acquired Shares (Shares/%)Post Acquisition Holding...

RBI Finalizes Lead Bank Scheme Circular After Incorporating Public Feedback The Reserve Bank of India (RBI) has today issued the revised Circular detailing the guidelines for the Lead Bank Scheme (LBS). This issuance marks the culmination of a consultative process initiated earlier this year.The updated guidelines reflect careful consideration of the responses received from various stakeholders. The RBI ensured that all necessary modifications and feedback points were suitably incorporated into the final framework.Key Updates to the Lead Bank Scheme Guidelines The Reserve Bank of India had initially released a draft Circular regarding the revised guidelines of the LBS on February 13, 2026. This preliminary release was intended...

Dhara Rail Projects Limited Secures Work Order Worth Rs 4,93,91,029 For Railway Depot Maintenance Dhara Rail Projects Limited has secured a significant work order for maintaining a Government Maintenence Depot (GMD) in Ajni, Nagpur. The contract awarded to the company amounts to Rs 4,93,91,029.01, which includes GST.The work involves maintenance activities outsourcing for the 12000HP Government Maintenence Depot at Ajni, Nagpur. This contract was received from the Sr. Divisional Electrical Engineer/TRS/ELS/AQ of Central Railway, Electric Loco Shed-Ajni, Nagpur. The agreement covers a period of two years.The contract details are summarized below:ParticularDetailsEntity awarding the orderSr. Divisional Electrical...

John Cockerill India Secures Contract Worth INR 85-90 Crores for Tunnel Furnace Packages Project John Cockerill India Limited (JCIL) has been entrusted with a significant contract by JSW JFE Electrical Steel Nashik Private Limited. The agreement involves the manufacturing, supply, and services required for the Tunnel Furnace Packages of the CRGO Project, valued at approximately INR 85 - 90 Crores.The order is domestic in nature. This contract mandates that JCIL execute the work within 15 months from June 2026.JSW JFE Electrical Steel Nashik Private Limited has awarded the comprehensive contract to John Cockerill India Ltd for the manufacturing and provision of services related to the Tunnel Furnace Packages for the CRGO Project. The...

GeeCee Ventures Increases Stake in GMR Power and Urban Infra Limited through Open Market Purchase GeeCee Ventures Ltd (GCVL) has expanded its investment portfolio by acquiring additional equity shares in GMR Power and Urban Infra Limited (GPUIL). The company made an open market purchase resulting in a Rs. 0.98 crore investment, bringing its cumulative holding in GPUIL to a significant level.The transaction involved the acquisition of 97,500 Equity Shares in GMR Power and Urban Infra Limited (GPUIL). This new investment is part of GeeCee Ventures Ltd's ongoing investment activities in the power generation sector. The total investment in GPUIL now stands at Rs. 3.12 crores, surpassing the threshold specified under applicable...