Markets

Promoter's Acquisition of Stake in SG Green Logistics by Utkarsh Jain; Details Released North Eastern Carrying Corporation Ltd has announced that its Promotor and Director, Mr. Utkarsh Jain, has acquired a stake in SG Green Logistics Private Limited. The acquisition was undertaken solely in his individual capacity.Mr. Jain purchased 3,356 Equity Shares, representing a 12 percent shareholding, in the logistics firm using cash consideration. The cost of this acquisition was reported at Rs. 35.99 Crores.The transaction does not constitute a related party transaction and has no material object or impact on North Eastern Carrying Corporation Ltd. as Mr. Jain acquired the shares personally, independent of the Company's operations...

RBI Greenlights Massive Underwriting Auction: Primary Dealers Face ₹34,000 Crore Opportunity for 6.94% GS 2036 The Reserve Bank of India (RBI) has announced a major underwriting auction, offering a significant opportunity for primary dealers (PDs). The Central Bank will conduct the sale (re-issue) of Government Security, totaling ₹34,000 crore on July 03, 2026. This high-stakes auction is set to be conducted through a multiple price-based method, targeting active participation from all designated Primary Dealers.Defining the Opportunity for Investors The securities being offered are the 6.94% Government Security (GS) maturing in 2036. The total notified amount for this security tranche stands at ₹34,000 crore. This sale underlines the...

ITAT Rules: Holding Company Cannot Claim Demerger Tax Benefits For Subsidiary; Sterling Holiday Resorts Setback The Mumbai Income Tax Appellate Tribunal (ITAT) has delivered a significant ruling, establishing that a holding company cannot assume the legal obligations required by its subsidiary to successfully claim tax benefits following a corporate demerger. This decision comes as a notable setback for Sterling Holiday Resorts Ltd. in a complex tax dispute involving over ₹240 crore.The tribunal bench, comprising Saktijit Dey, Vice President, and Prabhash Shankar, Accountant Member, strictly rejected the company’s claim regarding the carry forward and set off of accumulated business losses and unabsorbed depreciation. The court...

Meera Industries Ltd Secures ₹7.95 Crore Order from DNB Textiles for HighSpeed Yarn Twisting Line Meera Industries Limited, a leading manufacturer of advanced twisting and heat setting machinery, has secured a domestic order valued at ₹ 7.95 crore from DNB Textiles Pvt. Ltd., Surat. The contract involves supplying Filament Yarn Twistr and Cop Winder machines designed for high speed BSY yarn twisting for fabric manufacturing.The deal, formalized on July 1, 2026, reflects continued confidence in MEERA's technology capabilities and customer support following DNB's planned large scale capacity expansion in Surat. The ordered equipment is set to support the production of filament twisted yarns used across various industrial and apparel...

Vedanta Stocks Surge After Exiting T2T Segment: Iron, Oil & Gas See Double-Digit Gains Amid Sector Rallies The demergered entities of the Vedanta Group are experiencing a significant trading boost after exiting the specialized Trade to Trade (T2T) segment on June 30. Vedanta Aluminium, Vedanta Iron and Steel, Vedanta Oil and Gas, and Vedanta Power have all rallied for two consecutive days, with some scrips gaining up to 10%.The four companies, which were initially listed on June 15, spent their first ten sessions under T2T restrictions. This segment mandates compulsory delivery for every transaction, preventing intraday buying and selling and enforcing a circuit filter capped at 5% in either direction.Moving into the normal trading...

HEC Infra Projects Secures Rs 48 Crore Work Order from Bharat Petroleum Corporation Limited HEC Infra Projects Limited has secured a significant work order worth Rs 48 crores from M/s Bharat Petroleum Corporation Limited (BPCL). The contract involves the Design, engineering, supply, erection, testing and commissioning of Electrical Package works at Mudarda Village, Fanidhar Food Park, Mehsana, Gujarat.This project award marks a substantial milestone for HEC Infra Projects Limited, as it represents a consignment from BPCL, one of India's leading Public Sector Undertakings (PSUs) in the energy sector.The work order details include the following key aspects:AspectDetailsAwarding EntityM/S Bharat Petroleum Corporation Limited...

Capital Small Finance Bank Reports Strong Q1FY27 Performance Driven by Advances and Deposits Growth Capital Small Finance Bank Ltd has released its provisional business highlights for the quarter ended June 30, 2026, detailing robust growth across loan portfolios and deposit mobilization. The bank maintained a prudent lending stance while improving asset quality in the first quarter of the financial year (Q1FY27).The gross advances stood at ₹9,074 crores as of June 30, 2026. This figure reflects strong advance growth, posting a year-on-year increase of 22.0% and a quarter-on-quarter rise of 4.5%. Disbursements during the quarter reached ₹1,009 crore, marking a significant improvement from the ₹865 crore disbursed in Q1FY25...

Iris Clothings Limited Expands Infant Wear Portfolio with Launch of Newborn Gift Set Range Howrah, India (July 2, 2026) - Iris Clothings Limited (NSE: IRISDOREME), a company specializing in the design, manufacturing, branding, and sales of garments for kids wear, has announced a strategic expansion into the newborn gift segment. The launch of its new Newborn Gift Set range signifies an entry into a high-potential area within the infant wear market, broadening the company's product portfolio.The newly introduced collection features thoughtfully curated 4-piece, 6-piece, and 10-piece gift sets, designed to meet the rising demand for premium newborn essentials and occasion based gifting. This initiative reinforces the company's standing...

Promoter Group Members Propose Sale of 4,80,000 Shares to Whole-Time Director at Crop Life Science Limited Crop Life Science Limited has clarified the details regarding the proposed transfer of equity shares by members of its Promoter/Promoter Group to Mr. Chunilal Samjubhai Virolia, a Whole-Time Director of the company. This corrigendum rectifies an inadvertent typographical error in previously submitted details concerning the seller-wise distribution of the transaction.The sale involves three promoter group members and is being conducted through a market or on-market transaction via the stock exchange. Mr. Chunilal Samjubhai Virolia, identified as the counterparty and buyer/transferee, intends to acquire the shares from the...

Sensex, Nifty Trim Gains as Profit Booking and FII Outflows Temper Market Rally The Indian equity markets witnessed a period of correction on Thursday after the benchmark indices booked profits from their sharp early rally. Despite significant initial gains, both the Sensex and Nifty finished by trimming their ascent due to profit-taking investors, persistent foreign fund outflows, and the dynamics of weekly derivatives expiry.Performance Snapshot: Trimming Early Gains The market opened strong, with the Sensex surging 526.61 points or 0.68 percent to reach 77,449.25 in an early trade. The broader Nifty also climbed 153.60 points or 0.63 percent, hitting a peak of 24,159.45.However, sentiment shifted as the indices pared back some...

Abans Financial Services Reports IT Incident Affecting Overseas Subsidiaries Abans Financial Services Limited has provided an update regarding a cybersecurity matter involving its overseas operations. The company reported that it received notification from the Indian Computer Emergency Response Team (CERT-In) on June 30, 2026, concerning a probable ransomware attack.Following a preliminary investigation into the incident, Abans Financial Services confirmed that the event did not relate to the IT systems of the parent company. Instead, the issue pertained to the IT infrastructure belonging to the company's overseas subsidiaries.The company stated that there has been no impact on the business continuity of either the main entity or...

Cordelia Cruises Stock Jumps to Upper Circuit Limit After Day of Volatility; How Has the IPO Investor Fare? Waterways Leisure Tourism, the company behind India's luxury domestic ocean cruise brand Cordelia Cruises, has seen highly volatile trading in the aftermarket. The shares registered a significant move hitting a 10 percent upper circuit limit on Thursday, quoting at Rs 734.90 on the NSE. This intense movement contrasts sharply with the stock's underlying performance metrics, which show continued pressure against its issue price from the initial public offering (IPO).The company's valuation has shown positive momentum in recent trading sessions. The total market valuation jumped to Rs 5,320.27 crore on Thursday, a marked increase...

Pidilite Industries Limited Confirms Tax Penalty After Appeal Order; No Material Impact Reported Pidilite Industries Limited has received an Order-in-Appeal confirming a penalty related to tax matters, the company reported, stating that there is no material impact on its financials or operations.The appeal order was issued by the Deputy Commissioner of State Tax, Appeal, MUM-APP-E-1101, Mumbai, on June 30, 2026. This ruling confirms a penalty amount of Rs. 39,98,741. The penalty relates to applicable provisions of the Central Goods and Services Tax Act for the financial year 2018-19, originally imposed in an Order-in-original dated April 16, 2024.The company is currently reviewing the order and evaluating subsequent steps regarding...

Jana Small Finance Shares Surge on Promoter Stake Sale Rumours and Merger Talk Stock Rally Driven by Promoter Stake Dilution and Restructuring Plan Jana Small Finance Bank shares saw a notable rise early on Thursday, trading up nearly 2.5%. The stock gained momentum following reports indicating that the promoter entity, Jana Holdings Ltd., is planning to reduce its stake in the lender. This development suggests a significant shift in the bank's ownership structure and strategic future.At 10:59 am, Jana Small Finance Bank shares were trading 2.49% higher. The stock later traded at Rs 476.60, recording a gain of 1.87% by 11:05 am. The market reaction reflects investor interest in the potential restructuring and strategic moves being...

ICiCl Prudential Mutual Fund Increases Stake in Container Corporation of India Ltd. Crosses 5% Holding Mark ICiCl Prudential Mutual Fund has increased its holding in Container Corporation of India Ltd. following a net acquisition of equity shares on the open market, bringing its stake over the 5 percent threshold.The investment activity by the fund led to an acquisition of 44,06,207 shares of the company on June 30, 2026. Prior to this purchase, the Fund's holding stood at 3,55,36,806 shares, representing a 4.6660% stake in the Company.After the acquisition, ICiCl Prudential Mutual Fund’s total holding increased to 3,99,43,013 shares, which constitutes a 5.2445% shareholding of the paid-up capital of Container Corporation of India...

Race Eco Chain Limited Set to Attend 3rd Global Conclave on Plastic Recycling and Sustainability Race Eco Chain Limited has announced its participation in the 3rd Global Conclave on Plastic Recycling and Sustainability.The International Exhibition is scheduled to be held from July 2nd to July 5th, 2026. The event will take place at Bharat Mandapam in New Delhi, specifically located at Hall N-6 and Stall No-F-49 IECC (Pragati Maidan).Race Eco Chain Limited's involvement underscores its commitment to the themes of plastic recycling and sustainability at this major industry gathering.RACE Stock Price Movement Race Eco Chain Limited shares are slipping by 0.35% in live trading at 11:15 AM, currently standing at ₹111. The stock has...

Chandan Healthcare Clarifies Stock Price Movement: Attributes Changes to Market Forces Chandan Healthcare Limited has responded regarding the fluctuations in its equity shares, stating that the movement appears to be purely market-driven. The company confirmed it is not privy to any unpublished price sensitive information or material events that could affect the price or volume of its securities, which have not already been disclosed publicly.The clarification addressed concerns raised regarding the stock's price movement. Chandan Healthcare stated that it has been providing timely disclosures of all relevant material events and information.In confirming the company's position, management indicated they are in no position to comment...

CSM Tech IPO Lists Flat at Issue Price as Stock Meets Full Subscription Target IT solutions provider CSM Technologies has been listed on exchanges after its Initial Public Offering (IPO), registering flat at the issue price. The company successfully concluded the issue, which was fully subscribed in both the primary and anchor investor segments. This listing marks the beginning of a new phase for the tech firm as it prepares to utilize the proceeds for strategic growth initiatives.The shares of CSM Technologies were listed at Rs 113 per share on both the NSE and BSE. The IPO consisted of a total issue size of Rs 145.78 crore, with the defined price band set between Rs 107 and Rs 113 per share. Listing flatly indicates that the demand...

IT Index Surges Nearly 4% as Global Tech Slowdown Boasts India's Macro Resilience and Momentum The Nifty IT index witnessed a significant rally, surging nearly 4% on July 2nd. This sharp turnaround snapped an existing four-session losing streak that had previously seen the sector fall by 6.5%. The market rebound suggests strong domestic fundamental strength is offsetting global technology headwinds.At 10:28 am, the Sensex traded at 77,239.72, up 317.08 points or 0.41%, while Nifty rose to 24,107.65, gaining 101.80 points or 0.42%. In the IT space, shares of most domestic technology stocks moved higher despite a global tech sell-off. Infosys led the charge in the Nifty 50 index, climbing over 5%, with HCL Technologies and Tata...

Aurobindo Pharma Transfers Domestic Branded Generic Pharmaceutical Formulations Business to Subsidiary Aurobindo Pharma Limited has completed a significant business transfer, moving its domestic branded generic pharmaceutical formulations products business to its wholly owned subsidiary, Auropharm Limited. The transaction was executed under a Business Transfer Agreement (BTA), ensuring the continuity of operations within the group structure.The company confirmed that all terms of the BTA are complete. Under the agreement, the business—which involves domestic branded generic pharmaceutical formulations—is being transferred to Auropharm Limited. This transfer occurred on a slump sale basis and was structured as a going concern...