Markets

Amber Enterprises Partners with Oppo India for Mobile Phone Manufacturing in India Amber Group, through its subsidiary Amber Enterprises India Limited, has entered into a strategic manufacturing collaboration agreement with Oppo Mobiles India Private Limited (Oppo India). The partnership, formalized on June 18, 2026, signals the adoption of a new line of business within the Amber Group as it begins manufacturing mobile phones in India.The collaboration is set to manufacture mobiles phone for the brands managed by Oppo India, which include OPPO, OnePlus, and Realme. This venture represents a significant step for the Amber Group, positioning them into the Consumer Electronics Industry through this new product category.The agreement...

PNC Infratech Incorporates Wholly Owned Subsidiary for Major NHAI Highway Project PNC Infratech Limited has successfully incorporated a new subsidiary, Mustafabad Biswariya Highway Private Limited, as a Special Purpose Vehicle (SPV). The company established this entity to undertake the construction of a critical highway project awarded by the National Highways Authority of India (NHAI).The incorporation of the subsidiary was finalized on June 16, 2026. This action positions PNC Infratech to implement the required infrastructure development as part of a significant contract.Mustafabad Biswariya Highway Private Limited has been incorporated into the SPV structure and is designated for the construction work. The entity was formed...

PNC Infratech Incorporates Subsidiary for NHAI Highway Project Implementation PNC Infratech Limited has incorporated a new subsidiary, Mustafabad Biswariya Highway Private Limited, as a Special Purpose Vehicle (SPV) aimed at implementing a major highway project awarded by the National Highways Authority of India (NHAI). The incorporation was finalized on June 16, 2026.The new entity is focused on the construction of a four lane highway segment located on NH-927 in Uttar Pradesh. This development falls under a Hybrid Annuity Model (HAM) scheme.Mustafabad Biswariya Highway Private Limited is being established as a wholly owned subsidiary and SPV to execute the project, which spans from Mustafabad Design Chainage Km 43+030 to Biswariya...

PNC Infratech Incorporates SPV for Major Highway Project under NHAI Scheme PNC Infratech Limited has established a new Special Purpose Vehicle (SPV) to execute a significant highway construction project awarded by the National Highways Authority of India (NHAI). The company incorporated Mustafabad Biswariya Highway Private Limited as its wholly-owned subsidiary on June 16, 2026.The new entity was created specifically to implement the infrastructure project under the Hybrid Annuity Model (HAM) scheme for a portion of National Highway NH-927 in Uttar Pradesh. The highway construction spans from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage Km 101+515, and falls under Package-II of the NH(O) Scheme.Mustafabad...

California Software Company Limited Approves Exploration of Acquisition of Stake in Tech Aggregators Private Limited California Software Company Limited has approved a strategic initiative to explore the acquisition of an equity stake in Tech Aggregators Private Limited. The decision was made during a Board meeting held on June 18, 2026, through video conferencing.The company's Board of Directors approved the proposal to investigate acquiring up to 51% of the equity in Tech Aggregators Private Limited, which is based in Chennai, India. This potential transaction remains subject to satisfactory due diligence, valuation, final commercial negotiations, and necessary approvals from all relevant stakeholders.To move forward with the...

Jungle Camps India Cancels Parsili Project Lease, Redeploys IPO Funds to Sheopur Fort Heritage Hotel Jungle Camps India Ltd., formerly Pench Jungle Resorts Private Limited, has announced the cancellation of its 90-year lease agreement for a resort project in Madhya Pradesh. The company confirmed that it is pursuing a full refund and noted that the cancelled project will no longer impact its strategic expansion plans. Simultaneously, the company confirmed the successful reallocation of IPO proceeds to fund the Sheopur Fort Heritage Hotel project.The cancellation pertains to land located at Village Parsili, Khasra Nos. 113 and 116, in District Sidhi. The company had executed a 90-year Lease Deed with the Madhya Pradesh Tourism Board...

Anik Industries' Subsidiary Announces Production Shutdown for Annual Maintenance Vintage Coffee Private Limited, a 100% subsidiary of the company, will undergo an annual maintenance shutdown at its factory in Telangana. The scheduled halt of production is set to run for approximately two weeks, starting June 19, 2026, and concluding on July 2, 2026.The maintenance period is intended as a normal operational activity aimed at enhancing efficiency and ensuring the long-term sustainability of the company's operations. The factory is located in Rachur Village, Veldanda Mandal, Nagarkurnool District, Telangana.During this shutdown period, it has been confirmed that the operations of another 100% subsidiary, Delecto Foods Private Limited...

Magellanic Cloud Ltd Board Meeting Scheduled for Preferential Fund Raising Magellanic Cloud Ltd., formerly known as South India Projects Limited, has scheduled a Board of Directors meeting to consider significant plans regarding capital raising and corporate matters. The meeting is set for Thursday, June 25, 2026.The primary item on the agenda is the approval of issuing equity shares and convertible warrants on a preferential basis. This issuance is intended to raise funds for the company. The Board is expected to review this proposal, which falls under the scope of relevant acts, rules, and regulations governing capital markets.In addition to approving the fundraising initiative, the meeting is scheduled to consider any other...

JSW Energy and GE Power India Unveil Scheme for Demerger, Announce Shareholders Meeting Details JSW Energy Limited has announced a crucial meeting of its equity shareholders regarding a proposed Scheme of Arrangement involving itself and GE Power India Limited. The scheme involves the demerger of certain undertakings from GE Power India Limited to JSW Energy Limited, aiming to unlock value and facilitate strategic growth for both entities.The proposed arrangement provides for the transfer and vesting of a Demerged Undertaking—a segment of business operations—from the Demerged Company (GE Power India Limited) to the Resulting Company (JSW Energy Limited). In consideration for this transfer, JSW Energy Limited will issue New Shares to...

Imagicaaworld Temporarily Shuts Down Khopoli Water Park Due to Low Water Levels Imagicaaworld Entertainment Ltd has announced the temporary operational suspension of its Water Park located in Khopoli. The management decision follows a directive received from the Irrigation Department, Government of Maharashtra, citing low water levels in surrounding dams and the prevailing El Nino effect.The closure is effective starting June 19, 2026. Imagicaaworld will resume operations at the facility once the regional water situation shows signs of improvement.The affected unit is Imagicaa's Water Park, situated at 30/31, Sangdewadi, Khopoli - Pali Road in Taluka Khalapur, District Raigad, Maharashtra (410 203).Operational and Financial Impact...

PNC Infratech Incorporates Subsidiary as SPV for NHAI Highway Project PNC Infratech Limited has incorporated a wholly owned subsidiary in the name of Mustafabad Biswariya Highway Private Limited. The subsidiary was established on June 16, 2026, and is designated as a Special Purpose Vehicle (SPV) to implement a major highway project awarded by the National Highways Authority of India (NHAI).The company has acquired 100% control of Mustafabad Biswariya Highway Private Limited through its own subscription and the subscription made by its wholly owned subsidiary, PNC Infra Holdings Limited. This venture is specifically aimed at the construction of a four-lane highway from Mustafabad Design Chainage Km 43+030 to Biswariya Design Chainage...

Amber Group Enters Mobile Phone Manufacturing Market Through Collaboration with Oppo India Amber Group has initiated a significant diversification into the consumer electronics sector, entering a manufacturing collaboration agreement with Oppo Mobiles India Private Limited ('Oppo India'). This strategic partnership positions the Amber Group as a participant in the mobile phone manufacturing segment in India.The collaboration focuses on the manufacturing of Mobile Phones for Oppo India. As part of this agreement, Amber Group will manufacture devices across several major brands managed by Oppo India, including OPPO, OnePlus, and Realme. The agreement was executed on June 18, 2026.This move represents a new line of business adoption...

Vintage Coffee And Beverages Limited Announces Production Stoppage for Annual Maintenance Vintage Coffee And Beverages Limited has announced that it will implement a production stoppage at its 100% subsidiary, Vintage Coffee Private Limited, to undergo comprehensive annual maintenance. This necessary operational shutdown is scheduled from June 19, 2026, to July 02, 2026, spanning an estimated period of 14 days.The factory undertaking the maintenance activities is located in Rachur Village, Veldanda Mandal, Nagarkurnool District, Telangana. The company stated that this annual maintenance is part of its normal operational procedures and aims to enhance efficiency while ensuring the long-term sustainability of its operations.During the...

AI Data Centres Set to Power India's Next Digital Boom: Minister Vaishnaw Details Manufacturing Push and Infrastructure Surge In a significant move to bolster its digital economy, Union Minister of Railways Ashwini Vaishnaw stated on Wednesday that Artificial Intelligence (AI) data centres are set to be the principal driver of India’s next phase of growth. Speaking at the inauguration ceremony of Jabil India Pvt Ltd's new manufacturing facility in Pune, he underscored the necessity of domestic production for AI-related components.Vaishnaw termed AI data centres a critical growth engine globally and emphasized that local manufacturing is vital for the nation's digital future. The focus on these specialized components aligns directly...

Ceramic Tableware Maker Clay Craft India IPO Surges on Day Two, Attracting Near 8x Investor Demand Clay Craft India’s Initial Public Offering (IPO) is seeing robust investor enthusiasm as of its second day of bidding. The company, a specialist in ceramic tableware products, has been offered at a price band ranging from Rs 193 to Rs 203 per share. Investors have responded strongly, subscribing the offer by 7.84 times across all categories as of April 18.The IPO offers investors an opportunity through an entirely fresh issue totaling 54.24 lakh shares. Clay Craft India is raising a total of Rs 110.1 crore via this initial share sale. The offering remains open to the public until June 19, providing ample time for interested participants...

Imagicaa Water Park Operations Disrupted Due to Low Dam Levels and Water Scarcity The operation of Imagicaa's Water Park has been temporarily suspended in Khopoli following a directive received from the Irrigation Department, Government of Maharashtra. The decision comes amid concerns over low water levels in surrounding dams, attributing the scarcity to the prevailing El Nino effect.In light of this situation, management has decided to temporarily cease operations at the Imagicaa Water Park located at 30/31, Sangdewadi, Khopoli. The disruption began on June 19, 2026, and the park remains closed until the water situation improves.The affected facility is located in Taluka Khalapur, District Raigad - 410 203, Maharashtra...

Tata Motors Launches Big Impact Strategy, Committing to Discounts Under Govt Scheme for Old Truck and Bus Replacement in NCR Tata Motors has significantly bolstered its presence in the commercial vehicle market by signing an agreement with the Ministry of Road Transport and Highways (MoRTH). The company committed to joining the government's initiative aimed at facilitating the replacement of aging trucks and buses operating within Delhi-NCR.The Memorandum of Understanding (MoU) was formally signed on Thursday, solidifying the partnership between Tata Motors and the MoRTH. This move provides a major incentive for fleet owners looking to upgrade their commercial vehicle fleets in the specified region.Key Benefits of the Government...

Institutional Giants Surge as Promoter Sells Stake in Anthem Biosciences; Stock Climbs Near 4% Anthem Biosciences saw a significant movement on June 18 following a high-volume block deal involving the company's promoter group. Aruna Ganesh successfully sold a 3.05 percent stake, comprising 1.71 crore shares, through this transaction. The sale occurred at a price of Rs 744.8 per share.The blockbuster move was counterbalanced by massive interest from both domestic and foreign institutional investors (FIIs) during the block deal. HDFC Mutual Fund and Kotak Mahindra Mutual Fund were notable among the buyers who acquired 13.43 lakh shares each. SBI Mutual Fund also emerged as a major buyer, purchasing 26.95 lakh shares.Other key...

Sensex, Nifty Edge Higher as DIIs Surge Amid FII Outflows in Market Session Domestic vs Foreign Institutional Flows: A Detailed Breakdown Foreign Institutional Investors (FIIs) continued their selling trend on June 18, 2026. Provisional exchange data showed that FIIs net sold shares worth ₹1,025 crore. This outflow suggests some degree of caution among international investors regarding the Indian equities market.Conversely, Domestic Institutional Investors (DIIs) provided a strong counter-balance to this trend by netting a substantial purchase of ₹3,517 crore. The buoyant activity from DIIs underscores domestic confidence despite global uncertainties.Analyzing the day's transactions, FIIs/FPI purchased ₹14,612 crore but sold ₹15,637...

California Software Company Approves Exploration of Up to 51% Stake in Tech Aggregators Private Limited California Software Company Limited announced that its Board of Directors approved a proposal to explore the acquisition of up to 51% equity stake in Tech Aggregators Private Limited, subject to the successful completion of various due diligence processes and negotiations. The decision was made during the Board meeting held on June 18, 2026.The company has authorized the execution of a Memorandum of Understanding (MoU) with Tech Aggregators Private Limited. This MoU is intended to establish a framework for evaluating the proposed transaction and advancing further discussions between both organizations.Following the board's...