Markets

Precious Metals Plunge: Gold and Silver ETFs Face Steep Selloff as Global Markets Brace for Fed Signals Precious metal trading saw a consistent slide on Friday, with both gold and silver futures experiencing significant selling pressure. This weakness comes as precious metals continue a trend of declining prices. The bullion markets were weighed down by strength in the US dollar and hawkish signals emanating from the Federal Reserve.Precious Metals Face Selloff Amid Strong Dollar Trend Spot gold experienced a notable dip, trading at $4,121.95 per ounce, which registered a 2.1% decline as of 0508 GMT. This drop marks its lowest level since June 11. The contract for gold was down 3.8% so far this week.The rise in the US dollar made...

Turtlemint Fintech IPO Subscribes 14% on Day One; GMP Signals Cautious Listing Gains Ahead of June 29 Debut The Turtlemint Fintech Solutions Initial Public Offering (IPO) has received initial traction, securing a 14 percent subscription on the first day of its share sale. This early performance offers insight into market interest in the specialized fintech player before it officially lists on exchanges on June 29.Qualified Institutional Buyers (QIBs) responded strongly to the offer, with their portion being subscribed at 21 percent. The retail investor category followed closely behind, showing sustained interest with a 19 percent subscription rate as of data available from the National Stock Exchange (NSE) up until 1:50 pm.IPO...

Lake Shore Realty Reports Financial Results as It Transitions from Food Manufacturing to Real Estate Projects Lake Shore Realty Limited, formerly Mahaan Foods Limited, has released its 39th Annual Report alongside its audited financial statements for the fiscal year ending March 31, 2026. The results reflect a major operational transition for the company, which is now focused on real estate and infrastructure development.The company reported Total Revenue of 131.46 in the current year compared to 135.80 in the previous fiscal year (FY 2024-25). The Net Profit/(Loss) for FY 2025-26 was recorded at 16.41, down from 72.85 in FY 2024-25.Financial Highlights and Performance The audited financial statements provide a detailed look into...

Panama Petrochem Ltd clarifies volume surge, attributes stock movement to investor perception Panama Petrochem Ltd has addressed concerns regarding a recent spurt in trading volume for its equity shares. The company clarified that it has maintained transparency by regularly sharing all material and price sensitive information pertaining to the company's operations with relevant stock exchanges.The management stated that they have not withheld any material information or events that could influence the price or volume behavior of their equity shares.In response to inquiries regarding market movement, Panama Petrochem Ltd clarified that the increase in volume for its equity shares is purely reflective of investors' perceptions based...

NINtec Adds €1.10 Million Engagement in Nordic Region, Bolstering AI Strategy NINtec Systems Limited has secured an international engagement totaling approximately €1.10 million (about Rs. 12.10 Cr) with a Finland-based artificial intelligence company. The contract positions NINtec’s wholly-owned subsidiary as the Strategic Technology Partner, tasked with supporting the client's entire technology stack and operations across their advanced AI initiatives.The engagement underscores NINtec’s execution of its AI-first strategy and builds upon a strong pipeline of similar opportunities in the advanced stages across various geographies. The contract is perpetual, focusing on assisting the Finnish client, which specializes in building...

Akiko Global Services Limited Reports Substantial Turnover Growth in May 2026 Akiko Global Services Limited has reported strong estimated consolidated turnover performance for May 2026, indicating significant year-on-year growth. The company provided details regarding its turnover across key periods, highlighting the robust operational status.The data reveals substantial growth in the company’s turnover during May 2026 compared to the previous year. Furthermore, when considering the two-month period of April and May 2026, the company maintained a high rate of increase over the corresponding period in 2025.A detailed look at the financial performance across these periods is presented below:ParticularsMay 2026 (Amt In Cr.)May 2025...

Jio Platforms Limited to Proceed with IPO After Board Approves Draft Red Herring Prospectus Jio Platforms Limited, a material subsidiary of Reliance Industries Limited, has approved its Draft Red Herring Prospectus (DRHP) in connection with a proposed Initial Public Offer (IPO). The approval paves the way for the company to offer equity shares through the public market.The IPO involves a fresh issue of up to 27 crore equity shares of Jio Platforms Limited. These shares have a face value of Rs. 10 each.The offering will be determined via a book building process, and the specific issue price is yet to be finalized. This proposal represents the planned public listing of the technology giant's subsidiary.The successful completion of...

RBI Auction Success: All Government Securities Fully Subscribed, Yields Stabilize in Bond Markets The Reserve Bank of India (RBI) has released the results for its recent government stock auction, confirming that all offered securities were fully subscribed. The successful auction underscores robust investor interest and stability across various bond maturities, from medium to long-term instruments.The RBI conducted the auction on June 19, 2026. The results show full acceptance of all notified quantities for both short-to-medium term government securities (GS) and longer maturity bonds. This complete subscription indicates a strong demand ecosystem within the capital market.Full Subscription Across Medium-Term Securities The...

Atmastco Subsidiary Secures Brand and OEM Approval on GeM Portal for Bullet Resistant Jackets Atmastco Defence Systems Private Limited, a Wholly Owned Subsidiary of Atmastco Limited, has successfully obtained approval on the Government eMarketplace (GeM) portal. This strategic approval covers the registration of the brand 'ATMASTCO' along with official recognition as an Original Equipment Manufacturer (OEM).The approval pertains specifically to Bullet Resistant Jackets (V4), enabling the company to operate as a recognized OEM for this product category on the GeM platform. The products conform to ISI Standard IS 17051, ensuring adherence to mandated standards.With the official recognition attained through the GeM portal, the Wholly...

Nitco Limited Clarifies Significant Increase in Securities Volume, Attributes Surge to Market Conditions Nitco Limited provided clarification regarding a substantial increase in the volume of its securities following inquiries received from stock exchanges NSE and BSE. The company stated that the rise in trading volume is driven purely by market conditions over which management holds no control.The clarification addressed communications received by Nitco Limited from the National Stock Exchange (NSE) on June 18, 2026, and from the Bombay Stock Exchange (BSE) on June 19, 2026, concerning the significant spike in trading volume of the company's securities.Nitco Limited confirmed that it has previously made all necessary disclosures to...

Capacit'e Infraprojects Completes Allotment of Non-Convertible Debentures Worth INR 35 Crore Capacit'e Infraprojects Limited has successfully allotted a tranche of Senior, Secured, Rated and Unlisted Redeemable Non-Convertible Debentures (NCDs) through a private placement. The decision was made by the Finance and Operation Committee of the Board of Directors on June 19, 2026.The company allotted 350 NCDs in total for this transaction. Each debenture has a face value of INR 10,00,000 (Indian Rupees Ten Lakh Only). The aggregate amount raised from the private placement is INR 35,00,00,000 (Indian Rupees Thirty-Five Crore Only).The allotment was carried out by the Board's committee and contributes to the company's financial structure...

GOCL Corporation Provides Update on Operations and Recent Corporate Milestones GOCL Corporation Ltd. has released an update regarding its current status and previously announced corporate developments, confirming that it holds no undisclosed or potentially price sensitive information at this time. The company provided a comprehensive summary of its recent activities, including financial results, dividend payouts, and significant updates concerning land monetization and a Scheme of Arrangement.The corporation confirmed the existence of all previous material events while stating that there were no further disclosures required regarding operational performance that would affect the Stock Exchanges.Investor understanding is guided by...

The New India Assurance Confirms All Required Disclosures Regarding Stock Volume Movements The New India Assurance Company Ltd has issued a statement addressing concerns related to significant volume movement of its stock. The company confirmed that all information and events impacting the operation and performance of the company, including any price sensitive details, have been promptly disseminated through the mandated channels.In response to inquiries regarding increased volume activity, The New India Assurance stated that it is not aware of any other announcement or material information that could potentially bear on the price or volume behavior of its shares.The company affirmed that all necessary disclosures concerning events...

RBI Cracks Down on Reporting Standards: Supervisory Data Quality Index Issued for Commercial Banks The Reserve Bank of India (RBI) has formally released the Supervisory Data Quality Index (sDQI) for Scheduled Commercial Banks (SCBs). This release focuses intensely on the quality and integrity of financial reporting across the banking sector. The index provides a critical measure of how banks are adhering to mandated submission protocols.Understanding the Supervisory Data Quality Index (sDQI) The sDQI, released covering March 2026, is designed to quantify data adherence in the supervisory realm. It rigorously assesses various aspects related to the submission of crucial returns and microdata by SCBs. The primary focus areas include...

NDL Ventures Receives NCLT Order Directing Meetings for Proposed Merger of Hinduja Leyland Finance Limited NDL Ventures Ltd has received a crucial order from the National Company Law Tribunal (NCLT), directing the convening of meetings for its equity shareholders and unsecured creditors concerning the proposed merger by absorption of Hinduja Leyland Finance Limited.The company announced that it received the Order, dated June 17, 2026, from the NCLT, Mumbai Bench on June 18, 2026. This directive relates to the proposed Scheme of Merger by Absorption of Hinduja Leyland Finance Limited (referred to as the Transferor Company) into NDL Ventures Limited (the Transferee Company), which was formerly known as NXTDIGITAL Limited.Under the...

K.P.R. Mill Limited clarifies rising share volume amidst market activity K.P.R. Mill Limited addressed recent discussions regarding a significant increase in the trading volume of its shares, stating that the rise is purely market-driven and carries no comments from the company.In response to queries concerning the increased activity surrounding its securities, K.P.R. Mill Limited confirmed it is not aware of any ongoing information or announcements that could influence the recent price or volume behavior of the company’s shares.The clarification confirms that the increase in trading volume for K.P.R. Mill Limited is entirely market-driven, and the company has no particular commentary on the trend.KPRMILL Stock Price Movement As...

Kabra Extrusiontechnik Limited Appoints Bhavin Sheth as Chief Financial Officer Kabra Extrusiontechnik Limited has announced a key change in its senior management, approving the appointment of Mr. Bhavin Sheth as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). Concurrently, the company noted the cessation of Interim CFO, Mr. Uttam Singh.The Board of Directors meeting approved the appointment with immediate effect from June 20, 2026.Appointment Details: Bhavin ShethMr. Bhavin Sheth has been appointed to serve as the Chief Financial Officer and Key Managerial Personnel. He is described as a Qualified Chartered Accountant bringing over 23 years of extensive experience in various areas including financial...

Dhara Rail Projects Limited Secures Rs 1.13 Crore Order from North Western Railway Dhara Rail Projects Limited has secured a work order amounting to Rs 1,13,24,611.20 for preventive maintenance services with the North Western Railway. The contract involves scheduled operations and upkeep of an electrical substation facility in Jodhpur, Rajasthan.The company was awarded the contract by the Divisional Electrical Engineer/TRD/JU of the North Western Railway. The scope of work covers "Preventive Schedule maintenance, operation, trouble shooting and up-keeping of Electrical substation at BGKT, SMR & BME."This domestic order is scheduled for a duration of two years, starting from the time of signing.Key details of the contract awarded...

Dhanuka Agritech Announces Equity Share Buyback via Tender Offer Dhanuka Agritech Limited has initiated the buyback of its equity shares through a Tender Offer following an announcement made by its Board of Directors.The company's Board of Directors released a Post Buyback Public Announcement concerning the buyback procedure, which is conducted under SEBI (Buyback of Securities) Regulations, 2018.To inform the public about this corporate action, Dhanuka Agritech published the announcement in specific editions of Business Standard newspaper. The publications included both the English and Hindi editions of Business Standard.DHANUKA Stock Price Movement As of 1:47 PM, shares of Dhanuka Agritech Limited are slipping slightly, shedding...

MTNL Completes Funding for 11th Semi Annual Interest on Bond Series VI Mahanagar Telephone Nigam Limited (MTNL) has completed the funding process for the 11th Semi Annual Interest related to its Bond Series VI. The interest payment was executed through a designated escrow account maintained at Bank of India.The transaction covers the payment due on June 21, 2026, pertaining to the 6.85% MTNL Bond Series VI (INE153A08097). The funding of this designated escrow account was finalized by the company on June 18, 2026.MTNL Stock Price Movement As of 1:45 PM, shares of Mahanagar Telephone Nigam Limited are slipping by 0.81% in live trading, currently priced at ₹31.78. The stock remains volatile today, testing the lower end of its range...