Markets

Reliance Jio’s 5G Surges Past 268 Million Users; Ambani Unveils Plan to “Connect India from the Skies” Reliance Jio has achieved a significant milestone in its consumer connectivity vertical, with its 5G subscriber base crossing 268 million. Akash Ambani confirmed this progress during Reliance Industries' 49th Annual General Meeting on Friday. This achievement makes Jio the largest operator of a single telecom network outside China.The company reported that it added 77 million net 5G subscribers over the past year. Looking ahead, the organization has set an ambitious goal to migrate all its users onto 5G technology by 2030.Rapid Expansion of Jio’s Digital Ecosystem Jio is rapidly expanding beyond mobile connectivity through advanced...

Bandhan Bank Surges FCNR(B) Rates to 7.1% in Response to RBI's Forex Swap Move Bandhan Bank Boosts Interest Rates for NRI Customers Private sector lender Bandhan Bank has increased the interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits targeted at non-resident Indian customers. The move was announced on Friday, June 19.The revision aims to provide competitive returns and stability for NRIs looking at overseas investments. This strategic increase comes following the Reserve Bank of India's (RBI) recent decision regarding a USD-Rupee forex swap facility.FCNR(B) Deposit Rate Structure Details The increased rates vary depending on the deposit amount. For US dollar-denominated FCNR(B) deposits of $1 million and...

Global Streaming Powerhouse: Akash Ambani Reveals JioHotstar's Massive 451M MAU Scale Reliance JioHotstar Reaches "Largest in World" Scale with 451 Million Monthly Active Users Reliance Jio Infocomm Limited (RJIL) confirmed its dominant position in the digital entertainment space. Akash Ambani, Chairman of RJIL, announced that JioHotstar recorded a formidable 451 million monthly active users (MAUs) during Fiscal Year 2026 (FY26).Speaking at the 49th Annual General Meeting (AGM) of Reliance Industries Limited, Ambani emphasized the platform's immense scale. He stated that Jio Hotstar has attained a footprint "amongst the largest in the world" and holds the top position within India.The reported figure underscores the platform's...

Deccan Gold Receives ASSOCHAM Award for Mineral Discovery at Chhattisgarh Project Deccan Gold Mines Limited has been recognized with a runner-up award from the Associated Chambers of Commerce & Industry of India (ASSOCHAM). The award, categorized under 'Excellence in Mineral Discovery and Exploration,' was granted for the company's discovery of nickel, copper, and PGE mineralisation at its Bhalukona Project located in Chhattisgarh.The operational progress at the Bhalukona site has seen six exploration holes drilled to date. Five of these drill holes have intersected potentially economic Ni-Cu-PGE mineralisation. Should continued exploration efforts be successful, Deccan Gold is optimistic that the Bhalukona project could evolve into...

KPI Green Energy Ltd Incorporates Wholly Owned Subsidiary to Expand into Renewable Energy Sector KPI Green Energy Limited has established a new subsidiary, KPGC One Private Limited, marking a strategic expansion in the renewable energy sector. The incorporation of this wholly owned entity was completed on June 18, 2026.KPGC One Private Limited operates within the Renewable Energy industry and was incorporated as a private company registered with the Registrar of Companies in Ahmedabad. KPI Green Energy Limited holds 100% shareholding of KPGCO.The subsidiary's primary objects are focused on comprehensive energy management, including generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity and...

Dr. Reddy's Laboratories Allots 6,730 Equity Shares Following Stock Option Exercise Dr. Reddy's Laboratories Limited announced the allotment of equity shares totaling 6,730 following the exercise of stock options under its employee schemes. The shares were allotted on June 19, 2026, and are fully paid up at a par value of Re. 1/- each.The allotment was made to eligible employees pursuant to the exercise of their Stock Options under two distinct plans: Dr. Reddy's Employees Stock Options Scheme, 2002, and Dr. Reddy's Employees ADR Stock Options Scheme, 2007.This issuance contributes to the company’s total issued share capital as recorded on the allotment date. The details concerning the shares allotted and the resulting capital...

Brent Crude Plunges as US-Iran Peace Deal Reshapes RBI Rate Trajectory, Cooling Inflation Fears The US-Iran peace accord and the reopening of the Strait of Hormuz have dramatically altered the focus on Indian interest rates. Previously, market participants anticipated potential rate hikes from the Reserve Bank of India (RBI) by June or August. However, the easing of tensions in West Asia has led analysts to scrap earlier calls for policy tightening, suggesting that domestic factors will now dictate the RBI's monetary stance.The significant shift comes as Brent crude prices have fallen sharply following the de-escalation between the two nations. The benchmark oil price, which was trading near $126 a barrel just two months prior, is...

Delhivery Launches Delhivery Maps: India's First AI-Native Suite for Commercial Logistics Telemetry GURUGRAM, INDIA - June 19, 2026: On the occasion of its 15th anniversary, Delhivery, one of India's largest logistics services providers, announced the commercial launch of Delhivery Maps. This proprietary, AI-native suite of geospatial APIs is specifically designed to navigate and solve the complexities of India's unique address landscape. The platform, which was initially developed as core infrastructure for Delhivery’s entire nationwide network, is now available to external enterprises, developers, and gig-economy platforms.The launch positions Delhivery as a commercial geospatial infrastructure provider, fulfilling an operational...

Jio IPO Set to Surge as Reliance Approves Massive Fresh Issue of 27 Crore Shares Reliance Industries Ltd (RIL) announced a major step in its digital subsidiary's fundraising journey, confirming that Jio Platforms Limited has received board approval for a substantial Initial Public Offering (IPO). The company is planning to issue up to 27 crore new equity shares of face value Rs 10 each. This move marks a crucial phase in the IPO process following the Annual General Meeting held on June 19.Key Details of Jio Platforms' Proposed IPO As detailed in the stock exchange filing, the Board of Directors of Jio Platforms Limited (JPL) has approved the Draft Red Herring Prospectus (DRHP). This document is slated to be filed with regulatory...

Indo Farm Equipment Confirms No Price-Sensitive Information Requiring Disclosure Indo Farm Equipment Ltd has issued a statement addressing a clarification request regarding volume movement of its securities. The company confirmed that there is currently no undisclosed or price-sensitive information that requires notification to the exchange at this point in time.The response clarified that there are neither any impending announcements nor corporate actions concerning the company that necessitate immediate disclosure to the stock exchanges.INDOFARM Stock Price Movement Shares of Indo Farm Equipment Limited are edging higher to ₹149 as of 2:38 PM today, rallying sharply after gaining 5.92% in live trading. The stock has seen robust...

Wipro Allocates Equity Shares Under Various Employee Incentive Schemes Wipro Limited announced the allotment of a significant number of equity shares on June 19, 2026, following the exercise of Employee Stock Options (ESOPs). The allotments were made across three distinct employee incentive plans.The company allocated shares totaling 73,450 under the ADS Restricted Stock Unit Plan 2004. A total of 2,71,068 equity shares were allotted under the Restricted Stock Unit Plan 2007. Furthermore, an allotment of 1,92,974 equity shares was registered under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024, which included ADSs and RSUs.The specific details of the share allotments made on June 19, 2026...

Arbitration Initiated Against Apollo Finvest India Ltd; Claimant Asserts INR 6 Crore Claim Apollo Finvest India Ltd is facing arbitration proceedings initiated by M/s. Psi Phi Global Solutions Private Limited regarding a Master Service Agreement. The dispute centers on services provided under an agreement signed between the two entities.The Claimant, M/s. Psi Phi Global Solutions Private Limited, has filed the matter before the Hon'ble High Court of Judicature at Bombay. These arbitration proceedings stem from a Master Service Agreement, along with subsequent addenda, that was entered into on December 1, 2022.M/s. Psi Phi Global Solutions Private Limited has asserted claims against Apollo Finvest India Ltd aggregating to INR...

'Tough Times Never Last': Mukesh Ambani Urges National Mission in AI and Energy Self-Reliance at Reliance AGM 2026 On Friday, Reliance Industries Chairman and Managing Director Mukesh Dhirubhai Ambani delivered a powerful message at the company's Annual General Meeting (AGM) 2026. Amid growing global uncertainties, Ambani strongly emphasized the necessity of accelerating India’s journey toward self-reliance across critical sectors. He stated that energy independence and technological self-sufficiency must become national missions to secure the nation's future development.Ambani addressed the volatility of recent years, noting that the last six years have been among the most uncertain periods witnessed globally in several decades...

Mukesh Ambani Demands AI Self-Reliance: Reliance Pledges Mega Bets to Make India the Global Creator of Technology reliance Industries Chairman and Managing Director Mukesh Ambani has laid out an ambitious vision for the nation's technological trajectory, asserting that India must move beyond being a consumer of artificial intelligence. Speaking at the company's 49th annual general meeting, Ambani stressed that AI self-sufficiency and energy independence should be designated as critical national missions for India.Ambani stated firmly that India cannot afford to remain merely a recipient of AI technology developed abroad. He asserted that the nation must evolve into a global leader, adopter, and creator within the domain of artificial...

LTM Named a Leader in Avasant's Oracle Cloud ERP Services 2026 RadarView™ LTM, recognized as a Business Creativity partner to global enterprises, has been designated as a Leader in Avasant's Oracle Cloud ERP Services 2026 RadarView™. This global assessment evaluates providers specializing in large-scale Oracle Cloud ERP transformation.The report assessed various firms based on their practice maturity and future readiness across critical areas including advisory, implementation, migration, integration, and managed services. The designation highlights LTM’s capability to drive enterprise-wide modernization within Oracle Cloud ERP environments. This includes the transformation of core business functions such as finance, procurement...

BSE Launches Saatvik 100 Index: Ethical Investing Gains Formal Benchmark Status for Indian Markets The rise of value-based investing gained a significant milestone with the launch of the BSE Saatvik 100 Index. The introduction of this index provides a formalized benchmark, signaling a growing maturity in ethical investment practices across India. This move is particularly notable as it aligns market indices with deeply held spiritual and moral principles.The Wealth Company Mutual Fund has enthusiastically welcomed the BSE Saatvik 100 Index, stating that its methodology closely reflects the core ethos of its own Ethical Fund. The fund house conducted a thorough review of the index's composition and standards. They concluded that the...

Jio Platforms Set for Historic Listing: Reliance CEO Promises 'Next Generation of Value Creation' with DRHP Filing Reliance Industries Chairman and MD Mukesh Ambani has announced a massive milestone, confirming that the Board of Jio Platforms has approved its Draft Red Herring Prospectus (DRHP). The filing is set to be submitted to SEBI today, marking a critical step toward one of India’s most anticipated mega-IPOs.Speaking during RIL’s 49th Annual General Meeting, Ambani emphasized that the listing of Jio Platforms is more than just a financial event. He stated that it will prove globally that Indian entities can build technology companies possessing global scale, capability, and value.The Vision: Driving India's Digital...

Panama Petrochem Clarifies Share Volume Surge Citing Full Disclosure Compliance Panama Petrochem Limited addressed recent inquiries concerning a surge in the volume of its equity shares, stating that all information relevant to the company’s performance and operations has been consistently disseminated to the stock exchanges. The clarification pertains to the equity bearing Scrip Code 524820.The company affirmed that the increase in trading volume is based on investors' perceptions stemming from the material information that has already been shared with the exchanges. Furthermore, Petrochem asserted that it has not withheld any significant material event or information that could impact the price or volume movement of its stock.In...

Waterways Leisure Defends Premium IPO Valuation, Citing Vast Untapped Potential in India's Cruise Tourism Market Waterways Leisure Tourism, the operator behind the Cordelia Cruises brand, is aggressively defending the premium valuation of its upcoming Initial Public Offering (IPO). The company views the offering not as a reflection of current earnings, but as a calculated play on the immense, yet largely underpenetrated, cruise tourism market in India. Management argues that investors must look past short-term performance and focus squarely on the long-term growth trajectory of the domestic travel sector.Navigating Valuation Concerns Amid Market Skepticism The IPO is being offered with a price band ranging from Rs 769 to Rs 808 per...

Procter & Gamble Hygiene and Health Care Limited Shareholding Changes as Promoter Group Company Acquires Shares Procter & Gamble Hygiene and Health Care Limited reported a change in its shareholder composition, noting that one of its promoter group entities acquired equity shares from another promoter entity. The transaction was completed on June 18, 2026.The acquisition involved Procter & Gamble Home Products Private Limited (PGHPPL), which purchased the shares from Temple Trees Impex and Investment Pvt Ltd (TTIPL). This transfer is part of the internal movement within the company's promoter group structure.According to transaction details filed, PGHPPL acquired 6,19,683 equity shares from TTIPL. These shares represent 1.91% of the...