Markets

Waaree Renewable Technologies Secures Major Scope Enhancement for Solar Power Plant EPC Contract Waaree Renewable Technologies Ltd has announced a significant enhancement in the scope of work under its existing contract for the Engineering, Procurement, and Construction (EPC) works for a large-scale solar power plant. The company confirmed that the order represents an increase in the commercial value of the project.The enterprise is executing EPC works for a Solar Power Plant with a capacity totaling 980 MWp / 700 MWac. The contract relates to a Commercial Order awarded by one of India's leading Renewable Energy companies, and the scope enhancement has been successfully secured.According to the details provided, the commercial order...

Ownly Disrupts Food Delivery Market with Zero-Commission Model to Tackle Hidden Costs Ownly has entered India's intensely competitive food delivery space, directly addressing a core consumer pain point: the difference between a menu price and the final bill amount. The zero-commission platform aims to fundamentally restructure how costs are handled in the culinary service industry by separating the cost of the meal from the associated delivery charges.The launch of Ownly highlights growing market dissatisfaction regarding opaque pricing structures within the current food tech ecosystem. Diners frequently experience meals priced reasonably on the menu, only to face noticeable increases when the bill is finalized due to various platform...

PM’s Strong Address at G7 Ignites Optimism: India Pushes Narrative for Robust Global Economic Growth India’s Prime Minister delivered a highly anticipated statement during the G7 Summit Outreach session, centering the global conversation squarely on sustainable economic growth. The address aimed to articulate India's powerful position as a key driver of emerging market vitality and stability. By framing the discourse around long-term structural resilience, the Prime Minister set an ambitious tone for international cooperation in developing economies.The speech focused intently on identifying the core challenges facing global economic progression. This comprehensive assessment provided a clear blueprint for future collaboration among...

Anondita Medicare Sponsors Soft Tennis Player Shanish Mani Misra at International Tournament in Korea Anondita Medicare Limited has announced its sponsorship of Indian soft tennis player Shanish Mani Misra for his participation in the NH Nonghyup Bank Incheon Korea Cup International Soft Tennis Tournament 2026.The prestigious association supports Mr. Misra as he represents India at the international competition. The tournament commenced on June 15 and is scheduled to conclude on June 22, 2026, taking place at the Incheon Yeorumul Tennis Stadium in the Republic of Korea.Anondita Medicare has committed its support to Shanish Mani Misra, enabling him to compete alongside leading soft tennis players from various countries. His selection...

DCX Systems Receives Tax Demand for Excess ITC Claim Pertaining to FY 2022-23 DCX Systems Ltd has received an order from the Commercial Taxes Department, Government of Karnataka, detailing a substantial tax demand related to an excess Input Tax Credit (ITC) claim made by the company.The company received electronic communication regarding the matter from the Office of the Deputy Commissioner of Commercial Taxes (Large Taxpayer Unit) on June 16, 2026. The order alleges that DCX Systems committed a contravention through an excess ITC Claim during the Financial Year 2022-23.The department has demanded a total amount of Rs. 1,46,07,907 from DCX Systems Ltd. The demand comprises amounts for tax, interest, and penalty.Financial details...

Nibe Ltd Successfully Demonstrates Garudastra Mortar System’s Precision Strike Capabilities for Indian Army Nibe Limited, in technical collaboration with a foreign Original Equipment Manufacturer (OEM), successfully showcased the advanced capabilities of Garudastra, its Long Range 120mm Vehicle Mounted Mortar and Bomb System. The demonstration, conducted at the Infantry School in Mhow on June 17, 2026, highlighted rapid shoot-and-scoot operations, high rate of fire, Multiple Rounds Simultaneous Impact (MRSI), and precise target engagement using GPS and Laser guidance.The tactical exercises commenced with a simulated Shoot & Scoot mission. Garudastra occupied a temporary firing position, coming into action in under 30 seconds and...

JLA Infraville Shoppers Limited Admitted to CIRP Following Financial Debt Default; IRP Appointed The Corporate Insolvency Resolution Process (CIRP) has been commenced against JLA Infraville Shoppers Limited, following an order by the National Company Law Tribunal (NCLT), Bengaluru Bench. The process was initiated after a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, which established that the company had defaulted on a significant financial obligation.The NCLT, in its Order dated April 16, 2026, admitted the application, thereby commencing the CIRP against JLA Infraville Shoppers Limited. A moratorium under Section 14 of the Insolvency and Bankruptcy Code came into effect from April 16, 2026.Mr. Dinesh...

GST Demand Issued Over Erroneous Refund Claims by Lyka Labs Ltd Lyka Labs Limited has received a Show Cause-cum-Demand Notice from the Office of the Principal Commissioner of CGST & Central Excise, Mumbai East. The notice relates to an alleged erroneous refund claim totaling Rs 73,22,077/- made by the company over a period spanning F.Y. 2020-21 to 2024-25.The demand arises from the contravention of Rule 96(10) of the CGST Rules, 2017. The authority has alleged that Lyka Labs availed ineligible refunds of Integrated Goods and Service Tax (IGST) on exports made under Advance Authorization, resulting in the availment of a double benefit.The total IGST amount against exports undertaken by the company under advance licenses for the...

Promoter Sells Equity in Bosch Home Comfort India Ltd through Stock Exchange Offer Bosch Global Software Technologies Private Limited, a promoter of Bosch Home Comfort India Ltd, has initiated an Offer for Sale (OFS) of equity shares of the company. The sale is being conducted through stock exchanges and includes both a base offer size and an oversubscription option.The Seller, Bosch Global Software Technologies Private Limited, has announced the terms for selling up to 1,963,994 Equity Shares, representing 7.22% of the total issued and paid-up Equity Share capital (the Base Offer Size). This is in addition to an Oversubscription Option allowing the sale of up to 202,634 Equity Shares, which represents 0.75% of the company's total...

Kedia Construction Reduces Share Capital and Completes Amalgamation with Kirti Investments Limited Kedia Construction Company Limited (KCCL) has executed a significant restructuring of its capital structure, completing both a substantial reduction in the face value of its equity shares and the amalgamation of Kirti Investments Limited into the Transferee Company. This comprehensive scheme aims to streamline operations, improve capital efficiency, and optimize organizational capability within the real estate sector.The capital reduction pertains to the issued share capital of KCCL. Previously, the paid-up share capital stood at Rs 1,50,00,000 (Rupees One Crore Fifty Lakhs), represented by 30,00,000 equity shares with a face value of Rs...

Axis Bank Debunks AI Vulnerability Claims, Citing Digital Resilience and 40% Fraud Reduction Amid Cyber Scrutiny Axis Bank has strongly asserted that its digital infrastructure remains secure despite heightened industry focus on advanced AI models and their potential to identify banking cybersecurity weaknesses. The private sector lender stated that cyber fraud incidents predominantly result from customers being deceived via external communication rather than from vulnerabilities within the bank’s own systems.Senior officials at the institution confirmed that it maintains an unblemished record regarding data security in its operations, assuring stakeholders that no fraud has arisen due to gaps in the bank's core cybersecurity...

SEBI Issues Major Warning: Investors Must Halt Trading Unlisted Shares on Unauthorized Online Platforms Securities and Exchange Board of India (SEBI) has issued a stern caution to investors regarding the trading of unlisted public company shares. The regulator warned against buying or selling these securities through any unauthorized online platforms or websites, emphasizing that such sites lack official recognition and regulatory oversight.In its press release, SEBI alerted that it has received reports concerning several electronic platforms facilitating transactions in the unlisted securities of various public limited companies. The Board reiterated unequivocally that only recognized stock exchanges are authorized to provide a...

Smiths & Founders and SKF Elixer Execute Merger Agreement for Growth and Diversification Smiths & Founders (India) Limited has executed a Merger Agreement in connection with the proposed merger of SKF Elixer India Private Limited with Smiths & Founders (India) Limited. This strategic combination aims to achieve growth and diversification across the combined entity's operations.The two companies involved in the amalgamation are operating within the Engineering and Capital Goods sectors. The transaction was confirmed as not falling under related party transactions.Details regarding the entities forming part of the merger include their financial standing:Company NamePaid Up CapitalTurn OverBusiness AreaSmiths & Founders (India)...

RBI Rejects Offshore Settlement for Sovereign Bonds, Prioritizing Domestic Liquidity on NDS-OM Platform Three sources familiar with the matter have revealed that the Reserve Bank of India (RBI) is not planning to enable direct offshore settlement of government securities through major international platforms like Euroclear. This decision comes despite recent significant tax reforms aimed at attracting a broader base of foreign investors into Indian sovereign bonds. The central bank maintains a preference for all related transactions to occur on its domestic Negotiated Dealing System-Order Matching (NDS-OM) platform, an electronic system designed for secondary market trading in government bonds.RBI's Preference for Domestic Market...

Aris International Ltd Shifts Registered Office within Mumbai Aris International Ltd has updated its corporate structure, confirming that its Board of Directors approved the relocation of the company's Registered Office. The change involves shifting the office location while remaining within the local limits of Mumbai and the State of Maharashtra.The decision was formalized during a Board meeting held on June 17, 2026.The company previously operated from an address in the Bandra-Kurla Complex, which is being replaced by a new office space in Goregaon East. The details of both locations are provided below:ParticularsAddressExisting Registered Office03B124 at WeWork, Enam Sambhav, C-20, G Block, Bandra-Kurla Complex, Mumbai -...

Bharat Innovates 2026 Concludes in Nice, Solidifying India's Rise as a Global Deep-Tech Powerhouse The conclusion of Bharat Innovates 2026 in Nice marks a pivotal moment for the global technology ecosystem. The event’s success has significantly reinforced India's standing on the international stage, positioning the nation as a formidable and burgeoning hub for deep-tech innovation. This milestone reflects the rapid maturation of India's research and development sector.The gathering served as a high-level platform to showcase cutting-edge technological advancements originating from Indian innovators. By successfully hosting such a significant conference, India has demonstrated its capability to attract and nurture world-class...

Gold Plunges by ₹4,800 as Investors Await US Federal Reserve Decision and Geopolitical Developments Precious metal prices experienced a significant downturn on Wednesday as domestic traders shed caution and decided against holding inventory. Gold plummeted by Rs 4,800, settling at Rs 1,54,400 per 10 grams (inclusive of all taxes). Silver also saw a sharp decline, falling by Rs 5,300 to trade at Rs 2,55,400 per kilogram.The overall trend was marked by weak domestic demand for the second consecutive day. Investors appear to be prioritizing opportunities in firm equity markets over precious metals amid uncertainty. The sharp fall came after gold had closed the previous session at Rs 1,59,200 per 10 grams.Global and Domestic Price Slide...

Uno Minda Limited Receives Anti-Dumping Duty Order from Customs Authorities Uno Minda Limited has received an order regarding Anti-Dumping Duty pertaining to imported machinery from the Office of the Commissioner of Customs, Jawaharlal Nehru Custom House in Nhava-Sheva, Maharashtra. The company stated that it intends to contest the said orders and does not foresee any material impact on its financial or operational activities following the directive.The customs authority issued a demand for duty related to the import process, as per the received order.Key details regarding the enforcement action are summarized below:ParticularsDetailsAuthority NameAddi. Commissioner of Customs (Jawaharlal Nehru Custom House, Nhava-Sheva...

Stock Exchanges Accept Penalty Waiver for Delayed Financial Results Submission by Rana Sugars Ltd. Rana Sugars Ltd has received confirmation regarding the acceptance of its waiver application concerning penalties imposed by stock exchanges following a delay in submitting quarterly financial results.The company was penalized by both BSE Limited and National Stock Exchange of India Limited (NSE) after failing to submit the Financial Results for the quarter ended 31st December, 2024, which were submitted on 28th February, 2025, resulting in a delay of 12 days. For this delayed submission, BSE and NSE each levied a penalty of ₹70,800/- based on communications dated 12th March, 2025.Seeking relief from these penalties, Rana Sugars Ltd...

Pro Fin Capital Services Announces Board Meeting to Discuss AGM and Share Capital Increase Pro Fin Capital Services Ltd has announced a meeting of its Board of Directors scheduled for Thursday, June 25, 2026. The meeting is set to address several key corporate decisions, including the conduct of the company's 35th Annual General Meeting (AGM) and a proposal to increase the company's authorized share capital.The agenda items slated for discussion include finalizing the date, time, venue, and mode of conducting the 35th AGM. The Board is also expected to approve the Director's report along with relevant annexures. Furthermore, the meeting will address the approval of book closure procedures required for the 35th Annual General Meeting...