Markets

Mahindra Lifespace Acquires 15 Acres in Kandivali East; Project Valued at Rs 5,600 Crore Mahindra Lifespace Developers Limited has announced the acquisition of a significant 15-acre land parcel located in Kandivali East, Mumbai. The move is set to expand the company's presence in the residential market, with the project carrying an estimated Gross Development Value (GDV) of approximately Rs 5,600 crore and offering a development potential of around 1.8 million square feet.Commenting on this strategic expansion, Vimalendra Singh, Chief Business Officer - Residential at Mahindra Lifespace Developers Limited, stated that the acquisition strengthens their position within Mumbai's thriving residential market. He noted that the opportunity...

Kalyani Steels Limited Sends Notices Regarding Unpaid Dividends to Shareholders Kalyani Steels Limited has issued notices concerning shareholders whose dividends have remained unpaid or unclaimed for seven or more consecutive years. The company took action on June 18, 2026, sending these individual notices to the registered addresses of affected shareholders.The correspondence addresses those individuals whose dividend payments are outstanding and remain uncollected, tracing back to the financial year 2018-19.According to the company, the dividends in question, if remaining unclaimed for the specified period, mean that the corresponding shares are liable for transfer to the Investor Education and Protection Fund (IEPF).The key...

Promoters Acquire Shares in Viviana Power Tech Limited through Open Market Transactions Promoter families of Viviana Power Tech Limited—Mrs. Priyanka Choksi and Mr. Richi Choksi—have acquired additional equity shares in the company through open market transactions, as reported on June 19, 2026. These acquisitions represent a modest increase in their holdings against the backdrop of the company's capital structure.The acquisitions involve two separate transactions detailing the purchases made by each Promoter/Director. Both individuals hold positions that classify them as Promoters and belong to the Promoter group. The total equity share capital or voting capital of Viviana Power Tech Limited was reported at 1,01,24,800 units prior to...

Wipro Completes Acquisition of Additional Stake in Aggne Global IT Services Wipro Limited has successfully completed the acquisition of an additional 20% stake in Aggne Global IT Services Private Limited. The transaction was finalized on June 18, 2026, according to the company's statement.The completion of this investment signifies the extension of Wipro's holding in Aggne Global IT Services Private Limited. Wipro received the official intimation regarding the finalization of the deal on June 19, 2026.WIPRO Stock Price Movement Today, Wipro Limited shares shed 1.28%, settling at ₹180.8 as trading closed for the day. The stock traded within an intraday range of ₹181.48 to ₹174.89, with nearly 37 million shares changing hands.

Welspun Corp Limited Announces AGM Details and Record Date for Dividend Payment Welspun Corp Limited has announced key dates regarding its 31st Annual General Meeting (AGM) and the record date for determining members eligible to receive a dividend. The company also fixed a cut-off date for shareholders intending to vote on the resolutions set out in the Notice of the AGM.The 31st Annual General Meeting (AGM) is scheduled to take place on Friday, July 17, 2026. The meeting will be held at 4:00 p.m. (IST). The proceedings are designated to occur via video conferencing (VC) or other audio visual means (OAVM), and the AGM venue is deemed to be the Registered Office of the Company located in Welspun City, Village Versamedi, Taluka Anjar...

Striders Hub Secures Major License Agreement with Warner Bros. Consumer Products Inc. Striders Impex Limited's subsidiary, Striders Hub General Trading L.L.C., has signed a significant License Agreement with Warner Bros. Consumer Products Inc. The partnership grants Striders Hub the rights to develop, manufacture, advertise, promote, sell, and distribute various licensed properties.Under the terms of the agreement, Striders Hub holds the license for multiple popular intellectual properties, including Batman Core, Harry Potter Core, Ben 10: Animated Series, Powerpuff Girls: Animated Series, and Tom & Jerry Core. The licensee will be responsible for distributing a range of products derived from these licenses, such as Bags, Pouches...

Kamat Hotels Launches IRA by Orchid in Bhavnagar, Strengthening Footprint in Gujarat Kamat Hotels (India) Ltd. (KHIL), a long-standing pioneer in the Indian hospitality sector, has announced the grand opening of IRA by Orchid in Bhavnagar. This new property represents a significant expansion for KHIL and strengthens its presence within the rapidly growing IRA by Orchid brand in Gujarat.The newly opened hotel is a 50 key property operating under a Leased model. Strategically situated in ISCON Mega City, Bhavnagar, IRA by Orchid offers convenient access to major transit points, including the airport, railway station, commercial centers, and shopping destinations. Bhavnagar itself is noted as a prominent cultural and commercial...

Hindustan Petroleum Corporation Limited Announces Auction of Ground Support Equipment Assets Hindustan Petroleum Corporation Limited announced a public auction for several lots of ground support equipment intended for sale. The auction is scheduled for July 3rd, and interested parties are advised regarding the Earnest Money Deposit (EMD) and asset details provided in the announcement.The auction pertains to various assets within the ground support equipment category. The total value of the available assets was reported as Rs 350.319 million.The following table outlines the specific lots, EMD requirements, and estimated values:Asset DescriptionIDEarnest Money Incremental Deposit (EMD)ValueGround Support Tractor Eco...

Artemis Medicare Services Announces AGM Details and Final Dividend for FY 2025-26 Artemis Medicare Services Limited has announced key details regarding its upcoming 22nd Annual General Meeting (AGM), including the declaration of a final dividend for the financial year 2025-26. The company confirmed that the AGM is scheduled for Friday, July 31, 2026.The Final Dividend for FY 2025-26, as recommended by the Board of Directors, has been set at Re. 0.45 per Equity Share. Since the share face value is Re. 1/- each, this dividend represents 45%. The company specified that if this dividend receives approval from shareholders at the AGM, it will be paid within 30 days of the meeting date.The designated Record Date for the payment of this...

CARYSIL LIMITED Intimates Shareholders Regarding Unclaimed Dividends and Shares CARYSIL LIMITED has initiated a process to notify shareholders regarding dividends that have remained unclaimed for an extended period, stating that the intimations concern those whose dividends have been unpaid for seven consecutive years.The company has sent individual intimation letters to the concerned shareholders. These notices inform them of their entitlement to claim their unpaid or unclaimed dividends.Shareholders are mandated to take action and claim these dividends on or before October 15, 2026.CARYSIL LIMITED noted that failure to claim the corresponding shares and dividends by the specified deadline will result in the transfer of these...

GE Power India Limited Updates Contact Details of Key Managerial Personnel GE Power India Limited has provided updated contact details for its Key Managerial Personnel (KMPs) authorized to determine the materiality of company events and information. These updates are effective from June 19, 2026.The individuals designated as KMP include Mr. Puneet Bhatla, Managing Director, Mr. Vipul Sharma, Company Secretary and Compliance Officer, and Mr. Rahul Rojal, Chief Financial Officer. The updated contact details for these personnel have been made available to provide necessary information and records.Key contact information is summarized below:KMP NameRoleEmail IDPhone NumberMr. Puneet BhatlaManaging...

BGR Energy Systems Ltd Receives Adjournment Order in Insolvency Proceedings BGR Energy Systems Ltd has confirmed receipt of a copy of an adjournment order related to its ongoing insolvency matters. The company issued this update on June 19, 2026.The development follows an earlier intimation provided by the Company on June 15, 2026, regarding the status of the matter and awaiting the corresponding court order.The received adjournment order pertains to the suspension of NCLT order No.CP (IB)/58/7/AMR/2024 and Company Appeal (AT) (CH) (Ins) No. 252/2026, including IA Nos.697, 698, and 717/2026.BGRENERGY Stock Price Movement As of 3:10 PM, shares of BGR Energy Systems Limited are edging higher to ₹332.5, gaining 0.38% in live trading...

Axis Bank Board Meeting Scheduled to Approve Quarter Results; Trading Window Closed for Designated Persons Axis Bank Ltd has announced a meeting of its Board of Directors scheduled to review and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The meeting is set for Saturday, July 18, 2026.The purpose of the board meeting includes considering and approving these quarterly results, which are subject to a limited review by the Bank’s Joint Statutory Auditors.Separately, Axis Bank confirmed that the trading window for its equity shares has been closed. This restriction applies to Designated Persons and their immediate relatives as part of the Bank's securities dealing code. The...

CyberTech Systems and Software Completes Buyback of 8.5 Lakh Shares, Enhances Post-Buyback Capital Structure CyberTech Systems and Software Ltd has concluded the buyback of up to 8,50,000 fully paid-up equity shares through a tender offer route, successfully utilizing the Stock Exchange Mechanism. The acquisition of these shares at a price of ₹170 per share resulted in an aggregate consideration not exceeding ₹14,45,00,000/-.The buyback was conducted from all existing shareholders/beneficial owners as of the record date, Friday, May 29, 2026. The tender offer window opened on Thursday, June 4, 2026, and closed on Wednesday, June 10, 2026, with the settlement completed by the Clearing Corporation on June 17, 2026.Key Outcomes of the...

Promoter Sells Shares in General Insurance Corporation of India in Offer For Sale The President of India, acting through the Ministry of Finance and Government of India, has sold equity shares in General Insurance Corporation of India (GIC). The sale was part of a comprehensive offer for sale (OFS) that involved two phases of selling to investors.The Offer For Sale (OFS) targeted both retail and non-retail investors. The base offer size consisted of up to 35,088,000 equity shares, representing 2.00% of the total paid up equity share capital of the company. An additional oversubscription option was available for an extra 52,632,000 Equity Shares, which represented 3.00% of the total issued and paid up equity share capital.In addition...

Hindustan Zinc Limited appoints Amarendu Prakash as Chief Executive Officer-Designate The Board of Directors of Hindustan Zinc Limited (HZL) has approved the appointment of Mr. Amarendu Prakash as the company's Chief Executive Officer-Designate, effective June 19, 2026. The decision was made following a recommendation from the Nomination and Remuneration Committee.Mr. Amarendu Prakash brings extensive experience to the role, having spent over three decades in the steel industry. His expertise spans strategic management, operations, project execution, technology, and industrial processes.Prior to taking on his role at HZL, Mr. Prakash served as the Chairman & Managing Director of SAIL (Steel Authority of India Limited). During his...

Alembic Pharma Secures Tentative USFDA Nod for Cancer Drug Generic, Targeting $259 Million Market Alembic Pharmaceuticals Ltd announced a significant regulatory milestone on Friday, revealing that it has received tentative approval from the U.S. Food & Drug Administration (USFDA) for its generic version of Binimetinib tablets. This crucial setback in the battle against cancer treatment generics solidifies Alembic's strong foothold in the specialized oncology space.The regulatory filing confirmed that the tentative approval pertains to the Abbreviated New Drug Application (ANDA) for Binimetinib tablets, 45 mg. The USFDA granted this provisional approval based on its paragraph IV certifications list, positioning Alembic as a primary...

Arfin India Receives Order Worth 300 Crores from JFE Shoji in Aluminium Supply Arfin India Limited has secured a significant contract with JFE Shoji India Private Limited (a domestic entity of JFE Shoji Corporation, Japan) for the supply of specialised aluminium products. The order encompasses various forms of refined aluminium required by the client and is valued at approximately 300 Crores INR, inclusive of GST.The contract mandates Arfin India to supply Aluminium Deox, which includes Primary Shots/Cubes, Secondary Aluminium Ingots, and Secondary Aluminium Wire Rods. This domestic transaction represents a substantial commitment to Arfin's production capabilities over the next couple of years.Details regarding this order have been...

Gold Plummets Near 2.5-Month Low as China Shifts to Discount Amid Volatility Indian Demand Muted by Price Correction and High Volatility Domestic gold demand remained modest in India this week, largely due to falling prices coupled with ongoing volatility. Prices dropped significantly, reaching a two-and-a-half month low.Dealers in India offered discounts of up to $54 an ounce above official domestic prices during the week. This figure is inclusive of the 15% import and 3% sales levies. This level of discount represents a widening compared to last week's offers, which ranged up to $35.A jeweller based in Ahmedabad noted that while the price correction was helping bring buyers back into the market, excessive volatility was causing...

Iran's Oil Potential Surges: Estimated $105 Billion Annually if Sanctions Ease Restoring Export Revenue: How Much Could Iran Earn from Oil? If Iran is allowed to fully resume its oil exports, it could generate approximately $105.4 billion annually. This projection is based on current crude prices of $82.52 per barrel and an estimated production capacity of 3.5 million barrels per day (bpd).At these levels, the daily revenue would amount to about $288.8 million. Comparing this to the pre-war oil price of $69.69 per barrel, the same production level could generate roughly $243.9 million per day, equating to nearly $89 billion annually.The Multi-Billion Dollar Opportunity: Transit Fees in Strait of Hormuz The revenue potential grows...