Markets

Phantom Digital Effects Limited Allots 54 Lakh CCDs to Zee Entertainment Enterprises Phantom Digital Effects Limited announced a significant financing transaction on June 18, 2026, following the Board of Directors' approval. The company completed the preferential allotment of Compulsory Convertible Debentures (CCDs) to Zee Entertainment Enterprises Limited.The allotment involved 54,08,481 CCDs and was made to the allottee, categorized as belonging to the Non-Promoter Public Category.The transaction details indicate that each CCD had a face value of ₹10 and carried a premium of ₹203.93. The total consideration received from Zee Entertainment Enterprises Limited for these securities amounted to ₹115,70,36,340.A summary of the...

Bacil Pharma Limited Proposes Incorporation of Wholly-Owned Subsidiary for R&D Focus Bacil Pharma Limited has announced plans to incorporate a wholly-owned subsidiary company dedicated to research and development activities. The proposal outlines the establishment of 'Bacil Research & Development Private Limited' as a private limited entity under the control of Bacil Pharma Limited.The move is intended to expand the company’s operational scope into specialized R&D functions, along with other related allied activities permitted by applicable laws.The proposed subsidiary will be fully owned by Bacil Pharma Limited and structured as a private limited company. This initiative aims to support the parent company's objectives in research...

IDBI Bank Clarifies Market Status Amid Increase in Security Trading Volume IDBI Bank Limited has responded to inquiries concerning a significant increase in the volume of its securities across exchanges, confirming that there is no undisclosed or price sensitive information at this time.The bank provided clarification regarding the elevated trading activity, stating that it has promptly intimated all material events and information relevant to the operation and performance of the bank to the Stock Exchanges.In response to the exchange's request for details, IDBI Bank stated that there is currently no impending announcement or undisclosed price-sensitive information that requires immediate disclosure.The company highlighted that...

EMS Ltd Clarifies Spurt in Volume: Asserts No Undisclosed Material Information Exists EMS Ltd provided clarity regarding fluctuations in its share volume, stating that any movement in the volume of shares is market driven and there is no pending or undisclosed material information impacting the company's operations or performance.The company confirmed its adherence to relevant listing regulations, assuring investors that it keeps them updated on all events and information that may affect the operational status or performance of EMS Ltd, including price sensitive matters.EMS Ltd explicitly stated that it has made disclosures regarding all such events and announcements within the stipulated timelines. In light of this clarification...

Global Finance Pulse Check: Inter-Bank and Merchant FX Turnover Registers Massive Volumes as RBI Data is Released The Reserve Bank of India (RBI) has released comprehensive data detailing daily merchant and inter-bank transactions in foreign exchange for the period May 18, 2026, through May 22, 2026. The report provides a granular look into the operational volume across different types of FX trades, with all figures presented in USD Millions.This release gives insights into both the corporate end (Merchant) and institutional flow (Inter-Bank), highlighting the magnitude of capital movement within the foreign exchange market during this specific week.Merchant Foreign Exchange Market Activity The merchant segment reflects consumer and...

IDBI Bank Addresses Exchange Query Regarding Increase in Share Volume IDBI Bank Ltd has provided clarification regarding a query raised by the stock exchange concerning the significant increase in its securities volume across exchanges in recent times.The bank confirmed that at this time, there is no undisclosed or price sensitive information, nor are there any impending announcements that need to be communicated to the exchange.Regarding the ongoing strategic direction of the institution, the Bank noted that it has been making disclosures to stock exchanges concerning developments related to the strategic disinvestment process, which is being managed by DIPAM.IDBI Stock Price Movement As of 3:04 PM, shares of IDBI Bank Limited...

Godrej Industries Approves KID for Issuance of ₹1,000 Crore in Non-Convertible Debentures Godrej Industries Limited (GIL) has approved a Key Information Document (KID) permitting the issuance of up to 1,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures on a private placement basis. The debentures are structured across two series, with an aggregate potential issue size reaching ₹1,000 Crore.The approval was granted by the Management Committee of the Board of Directors of the Company on June 18, 2026.The company has designated the debentures as Rated, Listed, Unsecured, Redeemable, and Non-Convertible. Each debenture has a Face Value of ₹1,00,000/- (Rupees One Lakh Only).The planned issuance is detailed across...

Lloyds Engineering Works Acquires SISCOL in Major Strategic Move to Create Integrated EPC Platform Mumbai, June 18, 2026: Lloyds Engineering Works Limited (LEWL), a prominent engineering and EPC company, announced the acquisition of Steel Infra Solutions Company Limited (SISCOL), one of India's leading structural steel engineering and fabrication firms. This strategic move positions LEWL for a significant transformation from a specialized manufacturer to a fully integrated engineering, fabrication, and EPC platform capable of managing complex infrastructure projects across various sectors.The acquisition involves LEWL, Lloyds Enterprises Limited, and Streamland Estate LLP acquiring up to 3,57,80,117 equity shares of SISCOL, which...

Foreign Exchange Trades Soar: Merchants and Banks Drive Massive Global Currency Flows as RBI Releases Key Data The Reserve Bank of India (RBI) has released comprehensive data detailing daily merchant and Inter-Bank transactions in foreign exchange for the period spanning May 11, 2026, to May 15, 2026. The figures, presented entirely in USD Millions, reveal a high level of activity across both retail and institutional currency markets during this five-day period.The release provides critical insights into the flow of currencies, covering merchant trades that facilitate international business, alongside complex Inter-Bank transactions conducted by financial institutions. These statistics offer a snapshot of global trading intensity...

Waaree Renewable Technologies Completes Acquisition, Making Associated Power Structures Private Limited a Subsidiary Waaree Renewable Technologies Limited has completed the acquisition of equity shares in Associated Power Structures Private Limited (APSPL), resulting in APSPL becoming a subsidiary of the company.The transaction involves acquiring 55% of the equity shares of APSPL through both primary and secondary transactions.Upon the completion of the acquisition, Waaree Renewable Technologies Limited now holds majority interest in APSPL, establishing it as a wholly owned subsidiary entity.WAAREERTL Stock Price Movement Shares of Waaree Renewable Technologies Limited are edging higher to ₹973.9 as of 2:58 PM today, gaining 0.23%...

RBI's Massive FX Forward Book Caps Rupee Rally: Global Flows Limited by Interest Hedges The rupee, having recently recovered against the dollar following oil price dips, is facing headwinds due to the sheer scale of the Reserve Bank of India's short-dollar forward book. Analysts indicate that central bank unwinding and complex interest payment hedges are set to cap any significant appreciation in the Indian Rupee (INR).FX Buffer Overshoot: Why RBI’s Forward Book Limits Rupee Gains The RBI's short-dollar forward book has reached an all-time high, estimated by foreign bank officials at nearly $110 billion. This figure is a sharp increase from the $96 billion reported in April, reflecting persistent intervention across both domestic and...

Banking Stocks Surge as Fed Signals Rate Hike Risk, Driving Sector Rally Financial markets saw a significant rotation towards banking stocks on Thursday, with Bank Nifty strongly outperforming the broader indices. This rally occurred after the Federal Reserve indicated that future policy tightening remains a possibility later this year, prompting investors to favor financial institutions over growth-sensitive sectors like IT.State Bank of India (SBI) and HDFC Bank were among the standout performers supporting the benchmark market. The robust showing in banking stocks provided stability even as technology shares continued to face pressure during trading hours.Key Index Movements Amid Rate Outlook Uncertainty As of 1:44 pm, various...

NSE IPO Filing Sparks Surge in Holdings as Stake Sellers see Prices Rise Shares of several major shareholders in the National Stock Exchange (NSE) saw significant gains on Thursday following the filing of draft papers for the exchange's Initial Public Offering (IPO) with the Securities and Exchange Board of India. This development has led to a rally among companies holding stakes in the NSE, as they anticipate the divestment of some shares by existing owners.Surge in Share Prices Among Institutional Stakeholders The proposed public issue is structured entirely as an Offer for Sale (OFS). Under this offering, existing shareholders are set to collectively divest nearly 6 percent stake in the exchange. This news has provided a boost to...

Global Funds Surge into Indian Bonds as Tax Reforms Boost Country's Appeal Amid EM volatility Global asset managers are rapidly accumulating exposure to Indian government bonds following significant policy shifts by New Delhi. The introduction of debt tax cuts for foreign investors, coupled with eased ownership caps, is driving substantial inflows and helping stabilize the Indian Rupee amidst volatile emerging market dynamics.Overseas investment flows into index-eligible bonds have increased significantly, registering 322.8 billion rupees ($3.4 billion) since the reforms implemented on June 5. While some of this rise is attributed to the inclusion of new bonds in these categories, the commitment from major funds like Pictet Asset...

Oil Country Tubular Allots New Equity Shares Post OCPS Conversion; Total Paid-Up Share Capital Rises Oil Country Tubular Limited reported a significant increase in its paid up equity share capital following the conversion of Zero Coupon Optionally Convertible Non Cumulative Preference Shares (OCPS) into common stock. The allotment, which occurred during the Board meeting held on June 18, 2026, saw the company issue new shares to United Steel Allied Industries Private Limited.The issuance was made pursuant to a request from United Steel Allied Industries Private Limited for the conversion of OCPS into equity shares as per the terms of the original OCPS issue. The newly allotted Equity Shares are stated to rank pari passu with all...

Karur Vysya Bank Launches Sponge Park in Partnership with Tambaram Corporation to Boost Water Security Karur Vysya Bank Limited (KVB) has launched a major environmental sustainability project through its KVB Bhoomi initiative, setting up a Sponge Park in Mullai Nagar, Tambaram. The park was inaugurated in collaboration with the Tambaram City Municipal Corporation and is designed as an integrated blue-green infrastructure solution aimed at enhancing groundwater recharge, mitigating urban flooding, and creating sustainable community spaces.The Sponge Park project addresses the increasing challenges of rapid urbanization, limited green public space, declining groundwater levels, and seasonal waterlogging in the region. The area was...

Godrej Industries Approves Issuance of ₹1000 Crore in Unsecured Non-Convertible Debentures Godrej Industries Ltd.'s Management Committee has approved a Key Information Document (KID) for issuing up to 1,00,000 Rated, Listed, Unsecured, Redeemable, Non-Convertible Debentures (NCDs). The debenture issue is intended for private placement and encompasses two series of instruments.The company intends to raise a total amount of up to ₹1,000 Crore through the issuance of these NCDs. This financing effort involves establishing Series 1 Debentures and Series 2 Debentures. Both series are non-convertible and carry a face value of ₹1,00,000 per debenture.The structure for both debenture series is detailed below:Debenture SeriesNumber of...

Dhunseri Ventures Recommends Rs 1.50 Dividend Per Equity Share; Details on TDS Applicability Released Dhunseri Ventures Limited has recommended a dividend of Rs 1.50 per equity share, pending approval at its forthcoming Annual General Meeting (AGM). The payment details and associated Tax Deducted at Source (TDS) provisions for the financial year 2025-26 have been communicated to members.The recommendation was made by the Board of Directors during a meeting held on May 26, 2026. The dividend is proposed against a face value of Rs 10 per equity share.Dividend Payment and Record Dates The payment of the recommended dividend will occur after its declaration at the Annual General Meeting scheduled for August 18, 2026.Key dates related...

Vivanza Biosciences Ltd Approves Appointment of Internal Auditor, New Director, and Share Transfer Vivanza Biosciences Limited announced several key corporate decisions following its Board of Directors meeting held on June 18, 2026. The company approved the appointment of a new internal auditor, welcomed Mr. Hemant Amrish Parikh as an Additional Non-Executive Non-Independent Director, and authorized the transfer of shares from the Unclaimed Suspense Account to a rightful shareholder.Appointment of Internal Auditor The Board meeting considered and approved the appointment of M/s Dharti Shah & Co. as the Internal Auditor for the Financial Year 2026-2027. This decision followed recommendations by both the Audit Committee and the...

NSE IPO Filing Ignites Stakeholder Rally: SBI, BOI Shares Surge as Exchange Plans Significant Divestment Shares of major stakeholders in the National Stock Exchange (NSE) saw a significant rally on Thursday following the announcement that the exchange had filed its draft prospectus for an initial public offering (IPO). This news fueled substantial gains across several key holding companies.The proposed IPO is structured entirely as an Offer For Sale (OFS). Under this offering, existing shareholders will collectively divest nearly 6 percent of their stake in the NSE.Stock Market Reaction to NSE's OFS Announcement Shares belonging to various listed firms that hold a stake in the NSE experienced strong upward momentum during intra-day...