Markets

Bharti Airtel Penalized Rs 1,06,000 by Department of Telecommunications for Subscriber Verification Norm Violation Bharti Airtel Limited has received a notice from the Department of Telecommunications (DoT), resulting in a penalty fine of Rs 1,06,000 related to subscriber verification norms. The action was taken after the DoT conducted a periodic Customer Application Form Audit (CAF Audit) concerning compliance with the terms and conditions outlined in the company's license agreement.The notice was received by Bharti Airtel on June 15, 2026. The Department of Telecommunications, Uttar Pradesh (East) LSA ('DoT'), imposed the penalty following alleged violations related to subscriber verification norms.According to the details...

Sensex Surges Over 540 Points as Geopolitical Easing Ignites Broader Market Rally; Nifty Climbs Near New Highs Indian equity benchmarks posted a strong performance on June 16, achieving their third consecutive day of gains. The market rally was sustained by easing geopolitical tensions following the US-Iran agreement and robust buying interest across several key sectors.At the close, the Sensex climbed significantly, finishing up 544.15 points or 0.71 percent at 76,808.48. The Nifty 50 also extended its gains, closing near the day's high at 23,989.15, which was up 135.25 points or 0.57 percent.Market Trends and Sectoral Performance The market experienced a period of strong gains early in the session, though it remained largely...

Megastar Foods Ltd Granted Exemption on Electricity Duty Worth Up To Rs. 88.68 Crores Megastar Foods Limited has been granted a significant exemption from electricity duty by the Department of Industries & Commerce, Punjab. This subsidy is valid for up to 15 years and amounts to an aggregate of Rs. 88.68 Crores.The certificate grants Megastar Foods Ltd 100% exemption from payment of electricity duty. The benefit is applicable over a period of 15 years, starting from November 18, 2024, or up to 100% of FCI (Fixed Capital Investment) amounting to Rs. 8867.86 lakhs, whichever comes first.The exemption was provided by the Department of Industries & Commerce in Punjab. The operational benefits are expected to reduce operating costs and...

Silver Futures Plunge as Traders Seek Clarity After US-Iran Peace Pact Uncertainty Mounts Silver futures witnessed a sharp reversal on Tuesday, snapping a three-day rally as traders adopted a cautious stance amid uncertainties surrounding the proposed US-Iran peace agreement. The white metal declined significantly, prompting market participants to wait for more definitive international developments before resuming bullish bets.Silver Market Decline Amid Geopolitical Ambiguity On the Multi Commodity Exchange, silver futures experienced a slump of Rs 2,129, or nearly 1 per cent. The commodity settled at ₹2,49,329 per kilogram in a business turnover of 11,023 lots. This sharp decline followed previous surges driven by optimism regarding...

Devyani International Ltd Scheduled for Citi India Consumption Tour in Gurugram Devyani International Limited is set to participate in an industry engagement event focused on consumption trends. The company representatives are scheduled to attend the Citi India Consumption Tour.The engagement details indicate that the Group Meet, focusing on the Citi India Consumption Tour, will be held physically in Gurugram. This meeting is scheduled for June 19, 2026.DEVYANI Stock Price Movement Devyani International Limited shares rallied today, settling at ₹113.45 after gaining 1.84%. The equity saw robust activity in the post-market session, as more than 22.87 million shares were traded.

Centre Denies Pursuit of Oman Energy Pipeline, Calming Markets Amid West Asia Tensions The Indian government has officially dismissed mounting media speculation regarding a massive subsea energy pipeline linking Gujarat to Oman. The Ministry of Petroleum and Natural Gas clarified on Tuesday that there are no active discussions or negotiations concerning the proposed 2,000-km deepwater corridor. This move is intended to settle market rumors fueled by heightened geopolitical tensions in West Asia.Clarification Issued on Proposed MEIDP The Ministry issued a categorical statement confirming that no such project is currently under consideration by its department. It addressed reports suggesting that India was actively pursuing the Middle...

Promoter Group Acquired 9.06% Stake in Nova Iron & Steel Ltd through Inter-Se Transfer A significant transaction involving equity shares was reported regarding Nova Iron & Steel Limited (Script Code No. 513566). M/s Vintage Steel Private Limited and M/s Titanic Steel Industries Private Limited, both members of the Promoter Group of Nova Iron & Steel Limited, acquired a stake in the company on June 4, 2026.The acquisition was structured as an off-market inter-se transfer for the purpose of restructuring among Promoters and the Promoter Group. Vintage Steel Private Limited and Titanic Steel Industries Private Limited acquired 32,73,600 shares at a price of Rs. 11/- per share. This transaction increased the combined holding of the...

Saint Gobain Sekurit India Ltd Announces Board Meeting for Q1 Financial Review Saint Gobain Sekurit India Ltd has scheduled a meeting of its Board of Directors to review and approve the unaudited financial results for the quarter ending June 30, 2026.The company announced that the Board meeting is set for Thursday, July 30, 2026.During the meeting, the directors will consider and approve the financial outcomes of the organization for the first quarter ended June 30, 2026.Stock Price Movement As of 15:21, Saint Gobain Sekurit India Ltd's shares are ticking down to ₹126.60, marking a -0.47% decline in trading. The stock has held within a measured intraday range, fluctuating between a low of ₹126.25 and a high of ₹128.40.

Meta Infotech Secures Renewal Order from Private Sector Bank Valued at Rs 2.89 Crore Meta Infotech Ltd has secured a renewal order from a private sector bank for services related to license subscription and annual maintenance cost. The contract, which spans the period from May 31, 2026, to May 30, 2027, totals Rs 2,88,99,278/- (Rupees Two Crore Eighty-Eight Lakh Ninety-Nine Thousand Two Hundred Seventy-Eight Only Excluding GST).The order details involve a domestic private sector bank. The contract is described as being for License Subscription and Annual Maintenance Cost. The total value of the engagement amounts to Rs 2.88 crores.Key financial details and terms of the order are summarized below:ParameterDetailsClient Entity...

Symphony Ltd Management to Meet AlfAccurate Advisors on June 23, 2026 Symphony Ltd has announced that its management team will be meeting with an institutional investor regarding company operations and outlook. The scheduled interaction details were released concerning the engagement with AlfAccurate Advisors.The One-on-One meeting is set for Tuesday, June 23, 2026, at the Registered Office in Ahmedabad.Details of the planned management interaction are summarized below:DateInvestor NameMeeting TypeLocationJune 23, 2026AlfAccurate AdvisorsOne-on-OneRegistered Office, AhmedabadThe company confirmed that the presentation intended for this meeting has been made available on its corporate website. Management also stated that...

Inventure Growth and Securities Files Criminal Complaint Over Corporate Identity Theft Inventure Growth and Securities Limited has reported a serious case of corporate identity theft, forgery, and criminal conspiracy targeting its name and reputation. The company filed a formal written criminal complaint with law enforcement authorities regarding unauthorized third parties that are allegedly exploiting the firm's long-standing market presence to solicit investments from retail clientele.The legal action was initiated after identifying fraudulent activities conducted by unknown individuals who are impersonating the company. These perpetrators are accused of illicitly cloning the name, trade name, and goodwill of Inventure Growth and...

Vedanta Iron And Steel Ltd Reports FY26 Results: Net Loss Reaches 3.66 Lakhs Vedanta Iron And Steel Limited (VISL) has released its Audited Financial Statements for the financial year ended March 31, 2026. The results show a sustained loss in both current and preceding years, reflecting the operational status of the company.The company's financial performance, encompassing both profitability and capital structure, is summarized below:MetricFY Ended 31 Mar 2026 (Lakhs)FY Ended 31 Mar 2025 (Lakhs)Net Loss After Tax(3.66)(2.85)Total Comprehensive Income(3.66)(2.85)Total Assets1.911.46Total Equity(7.41)(3.75)Financial Performance and Liabilities The Statement of Profit and Loss indicates that the company incurred a Net...

Kore Digital Clarifies Joint Venture Details for Hyperscale Data Center Project Near Navi Mumbai Airport Kore Digital Limited (KDL) has provided clarification regarding its joint venture agreement for developing a hyperscale data center project located near the Navi Mumbai International Airport in Maharashtra. The clarifications enhance understanding of the partnership and the structure of the direct investment project, as announced previously.The core of the initiative involves KDL collaborating with The Green Data Center, USA (www.thegreendatacenter.com). This venture is categorized as a Direct Investment (FDI) project, with the capital intended to be mobilized through international investors and institutional capital.Kore Digital...

Desai Shares and Stock Acquired Shares in Bharat Parenterals Ltd Desai Shares and Stock Pvt Ltd has increased its stake in Bharat Parenterals Limited, acquiring 900 equity shares of the company through the open market. The acquisition results in the acquirer's holding slightly increasing, maintaining a significant position as part of the Promoter group in Bharat Parenterals.The transaction took place between June 03, 2026, and June 15, 2026, with Desai Shares and Stock Pvt Ltd acquiring the shares on the open market. The acquisition details illustrate the current stake held by the company.According to the disclosed data, prior to this acquisition, Desai Shares and Stock Pvt Ltd held 27,31,536 voting rights, representing 39.63% of...

Beryl Drugs Ltd Changes Registered Office Within Indore City Limits Beryl Drugs Ltd has announced a change in its registered office address. The company's Board of Directors approved the shift on June 16, 2026, confirming that the move will occur within the same city and local limits.The transition of the registered office is intended for administrative convenience. The existing registered office address was located at 133, Kanchan Bagh, Indore - 452001 (M.P). The new address for the company will be 29, Neer Nagar, Mayank Water Park Road, Bicholi, Indore - 452016 (M.P).The change is effective from July 1, 2026. Beryl Drugs Ltd confirmed that the shift remains within the local limits of the existing city and stated there was no...

Forensic Audit Reveals Allegations of Financial Mismanagement and Fund Diversion at Dayal Institute of Medical Sciences Limited A comprehensive investigation into the affairs of Dayal Institute of Medical Sciences Limited (DIMSL) has revealed serious financial irregularities, allegations of bogus expenditures, and the misrepresentation of funds involving the company's management and related entities. The findings point towards a structured financial design intended to misstate the true financial position of the company and confer wrongful gain upon connected parties, according to documents reviewed by interested parties.The forensic audit was initiated following a decision by the Board of Directors in October 2025 after due diligence...

Infosys Collaborates with Valmet for IT Modernization Using AI and Cloud Technologies Infosys Limited, a global leader in AI-first business consulting and technology services, has formed a strategic long-term collaboration with Valmet, a global technology leader serving process industries. This partnership aims to overhaul Valmet's core IT services and deliver comprehensive end-to-end IT transformation to significantly enhance operational efficiency and align IT operations with the company’s core business priorities.Through this engagement, Infosys will utilize its extensive industry expertise and advanced technology capabilities to integrate Valmet's IT ecosystem and services with its strategic business objectives, supporting the...

GE Shipping Contracts Acquisition of Tanker and Product Vessel for Fleet Expansion The Great Eastern Shipping Company Limited (GE Shipping) has announced plans to expand its fleet through two significant contractual purchases. The company secured a contract to acquire one secondhand Long Range 2 Tanker, while also contracting for another secondhand Medium Range Product Tanker.The new Long Range 2 Tanker, which is built in 2015 and carries approximately 110,000 dwt, is expected to join the Company’s fleet in Q2 FY27. This acquisition will be financed entirely from internal accruals.Furthermore, GE Shipping has contracted to buy a secondhand Medium Range Product Tanker, with this specific purchase transaction anticipated to conclude...

Reganto Enterprises Announces Dates for 35th Annual General Meeting and Book Closure Period Reganto Enterprises Limited, formerly known as Vintron Informatics Limited, has announced details concerning its upcoming 35th Annual General Meeting (AGM). The AGM is scheduled to be held virtually via Video Conferencing/Other Audio Visual means on Wednesday, July 15, 2026.The company confirmed the cut-off date for the AGM as Wednesday, July 08, 2026. Registration and share transfer books of Reganto Enterprises Limited will remain closed from Wednesday, July 08, 2026, through Wednesday, July 15, 2026.Regarding the meeting logistics, National Securities Depository Limited (NSDL) has been appointed as the E-voting Service provider for both the...

KRM Ayurveda Limited Establishes New MSS Hospital Facility in Pitampura for Ayurvedic Care KRM Ayurveda Limited, formerly known as KRM Ayurveda Private Limited, has established a new healthcare unit, MSS Hospital, located in Pitampura, New Delhi. The hospital is dedicated to providing comprehensive Ayurvedic services, operating both In-Patient Department (IPD) and Out-Patient Department (OPD) care.The launch of MSS Hospital marks a step toward expanding the company's commitment to healthcare services and strengthening its presence within the Ayurvedic healthcare sector.The new facility, which operates as a unit of KRM Ayurveda Limited, is situated at Zone H-4-5, Plot No. 5-6-7, Parwana Road, Pitampura, Delhi-110034.Key operational...