Markets

Raymond Limited Sets July 3rd as Record Date for Annual General Meeting Raymond Limited has announced the record date for its upcoming Annual General Meeting. The company established Friday, July 3, 2026, as the specified date to determine eligibility for the meeting across various stock exchanges.The determination of this record date pertains to Raymond's equity shares, which are fully paid and carry a value of Rs. 10 each. This information is critical for shareholders preparing for the Annual General Meeting.Details regarding the security specifications and the record date as listed on both major Indian exchanges include:Stock ExchangeSecurity Code/SymbolType of Security & Paid-Up ValueRecord DatePurposeBSE...

NIIT Limited Allots 136,668 Equity Shares Under Employee Stock Option Plan NIIT Limited announced a significant corporate action following its Share Allotment Committee meeting held on June 16, 2026. The company allotted equity shares as part of the Employee Stock Option Plan - 2005 (ESOP-2005).On this date, the committee allotted 136,668 Equity Shares under the ESOP-2005 guidelines. These shares were issued at a price of Rs. 2/- per share.The allotment is part of the ongoing execution of the employee incentive program. NIIT Limited confirmed that it is currently working through the necessary formalities related to the listing of these newly allotted shares. The company plans to file a formal listing application, along with all...

Zydus Completes Cash Tender Offer for Assertio Holdings, Inc. Ahmedabad: Zydus Lifesciences Ltd. announced the successful completion of a cash tender offer through its wholly owned subsidiary, Zara Merger Sub Inc., for all outstanding shares of common stock of Assertio Holdings, Inc. (Nasdaq: ASRT).The company and the Purchaser finalized the cash offer at a purchase price of $23.50 per share of common stock of Assertio, net of any required withholding taxes. As of the tender offer expiration on June 15, 2026, 4,286,488 shares of common stock were validly tendered and not withdrawn. This volume represents approximately 66.32% of the total issued and outstanding common stock of Assertio. Zydus stated that all such shares have been...

YES Bank Warns as Cooling Crude Prices May Allow RBI to Delay Rate Hike Despite Wholesale Inflation Surge While India faces elevated domestic inflationary pressures, a research note from YES Bank suggests that stabilizing global commodity markets and a resilient rupee could provide crucial relief. This reprieve might enable the Reserve Bank of India (RBI) to maintain its current pause on interest rates, even as wholesale price inflation shows a significant uptick.The report observed that the newly rebased Wholesale Price Index (WPI) acceleration in May reached 9.7 per cent year-on-year. This marks an increase from 8.3 per cent recorded in April and reflects sustained input cost pressure across various sectors of the Indian economy...

Raymond Lifestyle Announces Record Date for Dividend Payout and Annual General Meeting Raymond Lifestyle Limited has set the record date for its stakeholders concerning the payment of a dividend on its equity share capital, along with matters related to the company's Annual General Meeting.The record date is crucial for determining which members are eligible to receive the dividend. For the BSE listing, the determined rate of dividend is 50% of the Equity Share Capital, equating to Rs. 1/- per Equity Share for the Financial Year 2025-26. The purpose of this determination includes the Annual General Meeting.The company provided specific details regarding these security matters across both stock exchanges.Stock ExchangeSecurity...

Sanstar Limited Receives In-Principle Approval for Preferential Issue of Shares Sanstar Limited has secured 'in-principle' approval from both the BSE and National Stock Exchange of India Limited (NSE) regarding its planned preferential issuance of equity shares. The company is moving forward with the issue to Corn Products Development Inc., a non-promoter, as part of this capital transaction.The approval covers the issuance of 1,80,24,157 Equity Shares for cash on a preferential basis. These shares were issued at an issue price of Rs. 110/- per share. The shares have a face value of Rs. 2/- each, carrying a premium of Rs. 108/- per equity share.The approval granted by both exchanges pertains to the issuance of these specific equity...

Velan Hotels Reports Delay in Hotel Property Sale Registration, Extends Timeline Velan Hotels Ltd has provided an update regarding the registration process of its hotel properties sale agreement with M/s J.P. Associates Asia Pacific Private Ltd. The company confirmed that the transaction is facing a delay due to circumstances encountered by the prospective buyer.The asset sale involves Velan Hotels and the private limited company, which is conducting the purchase. Following an initial Asset Sale Agreement entered on January 13, 2026, an Addendum was subsequently executed on April 28, 2026. The original deadline for completing the registration of the hotel properties sale was set for or before June 15, 2026.The delay in finalizing...

Eureka Forbes Allots 15,000 Equity Shares Under Stock Option Plan 2022; Paid-up Capital Reaches Rs. 1,93,50,68,160 Eureka Forbes Limited has completed the allotment of equity shares to grantees who exercised options under the 'Eureka Forbes - Stock Option Plan 2022' (ESOP 2022). The company allotted 15,000 Equity Shares, each with a face value of Rs. 10/- on June 16, 2026.This allotment signifies an increase in the paid-up capital of the company. Prior to this issue, the paid up capital stood at Rs. 1,93,49,18,160, corresponding to 19,34,91,816 equity shares of face value Rs. 10/- each. Following the issuance, the company's total paid-up capital has increased to Rs. 1,93,50,68,160, which is divided into 19,35,06,816 equity shares of...

SpaceX Shares Surge Over 8% Pre-Market as Stock Rockets on Nasdaq, Cementing Musk's Trillionaire Status SpaceX shares continued their meteoric rise in pre-market trading, jumping over 8% on Tuesday. The aerospace giant saw explosive gains, with the stock rising 19.6% on June 15 alone. This ascent has solidified Elon Musk as the world’s first trillionaire and positioned SpaceX among the most valuable companies globally.Massive Gains Drive Valuation Amid Market Frenzy The performance of SpaceX stocks over their first two days on Nasdaq was staggering, recording a 43% rally. The volatility surrounding the company reached extreme levels briefly when short squeeze activity in perpetual futures sent its implied valuation to $3 trillion on...

Rutening Global Markets: Rupee Surges as US-Iran De-escalation Propels Currency Gains The Indian Rupee saw a steady rally on Tuesday, strengthening for the third consecutive session against the US dollar. The USD/INR closed at 94.53 (provisional), appreciating by five paise. This gain was primarily driven by easing geopolitical tensions in West Asia and a decline observed in global crude oil prices.Forex traders noted that the reported de-escalation regarding the US-Iran conflict and diplomatic agreements concerning the Strait of Hormuz has significantly reduced the immediate threat to global energy supplies. Furthermore, softening trends in the US dollar and declining Treasury yields provided additional support to the USD/INR pair...

Wipro Launches Applied AI Center of Excellence for Anthropic’s Claude Models Wipro Limited has announced the launch of its Applied AI Center of Excellence (CoE) focused on integrating and scaling Anthropic’s Claude models, solidifying its commitment to accelerating enterprise AI impact through repeatable delivery methodologies. The CoE was inaugurated at Wipro's Bengaluru innovation hub and is a key component of the newly formed AI-Native Business & Platforms Unit.The new center aims to strengthen Wipro's capability to scale enterprise AI adoption using Claude models. These capabilities are integrated across the company’s Wipro Intelligence™ stack, encompassing delivery, functional, and industry platforms, enabling the embedding of AI...

Promoter Group Acquires Shares in Neo Infracon Ltd, Stake Rises Slightly The Promoter Group has acquired an additional 509 shares in Neo Infracon Ltd through open market transactions. The acquisition was completed on June 15, 2026.The transaction brought the holding of the promoter group to 3,78,036 shares, marking a marginal increase from their previous stake.Details regarding the shareholder's position and the resulting change in ownership are summarized below:MetricBefore Acquisition (as on June 15, 2026)After Acquisition (as of June 15, 2026)Shares Carrying Voting Rights3,77,5273,78,036Stake % (w.r.t Total Share/Voting Capital)7.11%7.12%Total Equity Share Capital of the Company53,06,800 equity shares53,06,800 equity...

Coal India Limited Appoints Bandyopadhyaya Bhaumik & Co. as Cost Auditor for FY 2026-27 Coal India Limited (CIL) has appointed M/s Bandyopadhyaya Bhaumik & Co., Cost Accountants, to conduct the Cost Audit of the company (Standalone) for the financial year 2026-27. This decision was made by the Board of Directors during a meeting held on June 16, 2026, following recommendations from the Audit Committee.The appointment ensures continuity in cost auditing services, as there has been no change regarding the Cost Auditor for FY 2026-27 compared to the previous financial year (FY 2025-26).M/s Bandyopadhyaya Bhaumik & Co. is a recognized Cost and Management Accounting firm that was founded in 1994. The firm possesses extensive experience...

HCLTech named HPE Storage Partner of the Year 2026 for Enterprise Solutions HCLTech, a leading global technology company, has been recognized as the HPE Storage Partner of the Year 2026. The award highlights HCLTech's strong performance in delivering enterprise storage solutions, emphasizing its expertise in assisting enterprises to secure and modernize their data estates.The recognition underscores the vital role HCLTech plays through its collaboration with HPE, enabling businesses to simplify hybrid cloud environments, strengthen data resilience, and unlock greater value from their existing data resources.Strategic Partnership and Industry Impact The HPE Partner of the Year Awards celebrate partners who demonstrate excellence by...

Meta Infotech Ltd Secures Contract from Largest Private Sector Bank Meta Infotech Ltd has been awarded an order for providing sustenance resources by one of the largest private sector banks in India. The contract amounts to Rs. 2,28,95,952.48/- and covers services to be rendered over a one-year period.The company secured this business agreement with the domestic banking institution. The order pertains to the provision of sustenance resources for Meta Infotech Ltd, running from April 1, 2026, through March 31, 2027. This contract falls within the ordinary course of the company's regular business operations.Details regarding the awarded order and its terms are provided below:Contract DetailInformationEntity Awarding...

Schneider Electric Infrastructure Limited Notes Resignation of Whole-Time Director Schneider Electric Infrastructure Limited has announced the resignation of Mr. Chinmoy Das from his position as Whole-Time Director. The company stated that Mr. Das tendered his resignation on June 16, 2026, due to personal reasons.The resignation will be effective from the close of business hours on June 30, 2026. Consequent to this change, Mr. Chinmoy Das will also cease to be a Senior Management Personnel of Schneider Electric Infrastructure Limited and an Occupier of the factories, effective on the same date.SCHNEIDER Stock Price Movement Schneider Electric Infrastructure Limited shares settled lower today, shedding 2.24% in post-market trading...

Power Mech Projects Schedules Non-Deal Roadshow for Analysts and Institutional Investors Power Mech Projects Ltd has announced a scheduled event for analysts and institutional investors, involving a Non-Deal Roadshow (NDR) designed to facilitate investor discussions. The company intends to host this physical meeting in Mumbai on June 19, 2026.The roadshow is set up to provide opportunities for one-to-one and group interactions with participants. The event will be held in Mumbai, running daily from after 10:00 a.m. (IST) until 6:00 p.m. (IST).Sunidhi Securities & Finance Limited has been designated as the host for the scheduled meeting.Key details regarding the investors meet are presented below:DateEvent TypeHostInteraction...

Meta Infotech Ltd Secures Software Subscription Renewal from Leading Stock Exchange Meta Infotech Limited has secured a significant software subscription renewal order from one of India's leading stock exchanges, reaffirming its position in providing specialized IT services to the financial sector. The contract covers a period of one year and amounts to Rs. 2,20,00,035 (Rupees Two Crores Twenty Lakhs Thirty Five Only Excluding GST).The order details relate to the provision of software subscriptions and were confirmed for the period spanning June 23, 2026, to June 22, 2027. The business transaction falls under the ordinary course of Meta Infotech’s operations.Key commercial terms and conditions of the contract are detailed below...

Suzlon Energy Notes Material Price Movement in Stock Suzlon Energy Ltd has reported the detection of a Material Price Movement (MPM) concerning its stock scrip that occurred on June 16, 2026, at 10:02 a.m.The company noted the price movement and conducted necessary investigations to ascertain any underlying event or information in mainstream media that could have triggered such an occurrence. As per the findings, no such event or information was found in the public domain to account for the observed MPM.SUZLON Stock Price Movement Today, shares of Suzlon Energy Limited rallied hard after market close, settling at ₹57.92, marking a strong gain of 4.25%. The equity saw wide intraday trading, with the stock price fluctuating between a...

Shakti Sons Trust Acquires 9,000 Equity Shares in Shakti Pumps India Ltd Shakti Sons Trust has acquired a portion of equity shares in Shakti Pumps (India) Limited, effective June 1, 2026. The acquisition was executed through the open market and involves 9,000 equity shares in the target company.The acquisition positions Shakti Sons Trust, which is identified as belonging to the Promoter category, within the ownership structure of Shakti Pumps (India) Limited.Details regarding the capital structure and acquisition metrics are outlined below:MetricBefore AcquisitionAfter AcquisitionTotal Voting CapitalRs 123,39,79,650Rs 123,39,79,650Capital Composition12,33,97,965 Equity Shares of Rs 10/- each12,33,97,965 Equity Shares of...