Markets

Relaxo Footwears Ltd. to Invest Up To ₹ 2.50 Crores in Clean Energy SPV for Captive Power Project Relaxo Footwears Ltd. has initiated a strategic move by investing in a newly incorporated Special Purpose Vehicle (SPV) focused on renewable energy generation. The investment is intended to secure the company's green energy needs and optimize energy costs while adhering to regulatory requirements concerning captive power consumption under the Electricity Act, 2003.The target entity is Clean Max MUOI Private Limited, a private limited company incorporated in India on June 13, 2026. This SPV is dedicated to the development, operation, and maintenance of captive solar power projects and allied activities designed to supply renewable energy...

Mahindra Holidays acquires 100% stake in Aditatva Estates, expands leisure resort focus Mahindra Holidays & Resorts India Limited (MHRIL), a listed subsidiary of Mahindra & Mahindra Limited (M&M), has completed the acquisition of a 100% equity stake in Aditatva Estates Private Limited. The transaction was finalized on June 15, 2026, for an aggregate consideration of Rs. 37.5 crore.Following the completion of the purchase, Aditatva Estates Private Limited has become a wholly owned subsidiary of MHRIL. Consequently, Aditatva is established as a stepdown subsidiary of M&M, effective from June 15, 2026.Aditatva is currently engaged in coffee plantation business on approximately 50 acres of land located in Chikmagalur, Karnataka. The...

Mahindra Holidays Acquires 100% Stake in Aditatva Estates for Rs 37.5 Crore, Aims at Leisure Resort Expansion Mahindra Holidays & Resorts India Limited (MHRIL) has successfully completed the acquisition of a 100% equity stake in Aditatva Estates Private Limited. The company finalized the transaction on June 15, 2026, acquiring the entity for an aggregate consideration of Rs 37.5 crore.Following this completion, Aditatva Estates, which is engaged in coffee plantation business, has become a wholly owned subsidiary of MHRIL. Consequently, Aditatva also stands as a stepdown subsidiary of Mahindra & Mahindra Ltd.Aditatva operates on a approximately 50-acre land parcel located in Chikmagalur, Karnataka, and specializes in the coffee...

Promoter Shareholding Reduced as Shares are Sold to Recover Penalty Amount in Securekloud Technologies Ltd The promoter's equity shareholding in Securekloud Technologies Ltd has been reduced following the sale of shares to the Securities and Exchange Board of India (SEBI), Southern Regional Office. The transaction was executed as part of proceedings initiated by SEBI towards the recovery of an outstanding penalty amount.The reduction impacts Mr. R S Ramani, identified as one of the promoters of Securekloud Technologies Ltd. The shares were sold subsequent to attachment proceedings related to a penalty order issued by the Hon'ble Securities Appellate Tribunal dated March 06, 2026.While the transaction does not alter the financial or...

Nuclear Power Milestone Reached as India Advances Infrastructure Development; US Trade Talks Intensify A significant milestone has been achieved in India’s clean energy sector, while major developments occur in national aviation and bilateral trade negotiations. The fifth unit of a key nuclear power project reached a crucial construction phase, complementing global discussions surrounding the bilateral trade framework between the US and India.Nuclear Power Project Reaches Key Milestone The fifth unit of the 1,000MW Kudankulam Nuclear Power Project in Tamil Nadu marked a major industrial milestone on Monday. The erection of the reactor pressure vessel inside the reactor building for the project's fifth unit was completed, according to...

Touchwood Entertainment Incorporating New Real Estate Subsidiary, Securing Name Approval from MCA Touchwood Entertainment Limited is proceeding with the incorporation of a new subsidiary company, following approval received from the Ministry of Corporate Affairs (MCA) for the name. The company has agreed to subscribe to the share capital of the proposed entity, which will focus on real estate development and related activities.The new subsidiary, named TouchTown Ventures Private Limited, is intended to operate within the Real Estate industry. Its objects are defined as acting as real estate developers, builders, contractors and property managers. The company aims to acquire and utilize development rights, approvals, and associated...

Kapston Services Reports Strong Q4 FY26 Performance Amidst Strategic Expansion Kapston Services Limited announced robust financial results for the fourth quarter of Fiscal Year 2026, highlighting continuous growth in its manpower solutions segment. The company also detailed the incorporation of a new entity aimed at entering the Business-to-Consumer (B2C) home services marketplace.The management confirmed that strong client acquisitions and strategic team expansion drove the firm's performance. Kapston Services reported consolidated revenue of X216.47 Cr in Q4 FY26, with a Net Profit (PAT) of X7.52 Cr for the quarter. This reflects a 16.71% Year-over-Year (YoY) growth in revenue compared to Q4 FY25.For the full Fiscal Year...

NSE Unleashes 11 New Sectoral Indices: Nifty Power and Retail Mark Major Expansion of Market Coverage The National Stock Exchange's index services subsidiary, NSE Indices Ltd, has significantly expanded its offerings by launching 11 new sectoral indices on Tuesday. This expansion raises the total count of specialized sectoral indices under the exchange to 34.This move provides investors with deeper insight into the performance metrics of various established and emerging segments across the Indian economy.Expanding Granular Sectoral Coverage Across Key Industries The newly introduced indices include Nifty Power, Nifty Retail, and Nifty Capital Goods among others. The comprehensive suite also covers crucial sectors such as Nifty...

Dhunseri Ventures Guarantees Financing for Subsidiary’s Expansion Project in West Bengal Dhunseri Ventures Limited has executed a Deed of Corporate Guarantee in favor of Export-Import Bank of India (EXIM Bank) to secure a major financing arrangement for its wholly owned subsidiary, Dhunseri Poly Films Private Limited (DPFPL). The guarantee covers a combined Rupee and Euro denominated term loan intended to support the expansion and setup of a new manufacturing line.The Deed was executed by the Holding Company, Dhunseri Ventures Limited, on June 16, 2026, in favor of EXIM Bank. This financial commitment secures the credit facilities for DPFPL, enabling the subsidiary to proceed with setting up its expanded production capacity.The...

Mikusu India Private Limited Acquires Shares in Daikaffil Chemicals India Ltd Mikusu India Private Limited has acquired a stake in Daikaffil Chemicals India Limited through open market purchases. The acquisition, which took place on June 15, 2026, involved the purchase of equity shares from the stock exchange.The transaction brought the holding of Mikusu India Private Limited, along with persons acting in concert (PAC), to a slightly higher level. Before this specific acquisition, Mikusu held 29,59,088 shares, representing 49.32% of the company's voting capital.Following the purchase of 5,040 equity shares from the open market on June 15, 2026, Mikusu India Private Limited reported a total holding of 29,64,128 shares, corresponding...

Manba Finance Management Meets Analysts, Discussing Public Domain Information Manba Finance Limited held a meeting with several investment firms on June 16, 2026. The management of the company engaged in discussions with these analysts and investors regarding their operations.The meetings included representatives from three key institutions:Investor / InstitutionSageOne Investment Managers LLPAshika Investment Managers Pvt. LtdICICI Prudential Mutual FundDuring the sessions, Manba Finance Limited confirmed that all information exchanged was derived from the public domain. The company explicitly stated that no unpublished price sensitive information pertaining to the company was shared with the analysts and investors...

Supreme Power Equipment Limited Secures ₹11.40 Crore in New Order for Transformers Supreme Power Equipment Limited (SPEL) has secured a new order worth approximately ₹11.40 crore. This domestic contract was awarded on June 16, 2026, by a company located in Karnataka, establishing SPEL as a key supplier in the power infrastructure segment.The total new business comprises two orders, all related to the supply of specialized Power and Distribution Transformers. These contracts reaffirm the demand for high-quality electrical equipment, with SPEL capitalizing on its manufacturing expertise in transformers.Order Specifics and Terms Both components of the order are domestic contracts originating from an entity based in Karnataka. The...

Promoter Group Member Acquires Shares in Gamco Ltd Through Open Market Transaction Raj Goenka, belonging to the promoter group of Gamco Limited, has acquired 1463 Equity Shares of the company through an open market transaction conducted between June 11, 2026, and June 15, 2026. This acquisition resulted in Raj Goenka holding a total of 1,259,997 Equity Shares in the target company.The shares were acquired from the open market transactions during the specified period. Each equity share has a face value of Rs. 2/-. Following this transaction, Raj Goenka’s stake constitutes 2.33% of the issued and paid-up equity share capital of Gamco Limited.Details regarding the change in shareholding are as follows:MetricBefore Acquisition...

Gauri Trading Pte Ltd increases stake in Cranes Software International Ltd Gauri Trading Pte Ltd, an acquirer not belonging to any promoter group, has increased its holding in Cranes Software International Ltd. The company holds shares of the listed entity on the BSE exchange.The acquisition details provide a clear picture of the change in the acquiring party's stake. Before the current acquisition, Gauri Trading Pte Ltd held 71,31,137 shares, representing 4.69% of the total share/voting capital and 4.69% of the total diluted share/voting capital of Cranes Software International Ltd.The company acquired an additional 22,17,187 shares, translating to a 1.46% holding in terms of total share/voting capital and 1.46% of the total...

Simplex Mills appoints Shri Shrikrushna N. Pawar as Additional Independent Director Simplex Mills Company Ltd has approved the appointment of Shri Shrikrushna N. Pawar as an Additional Director in the category of Independent - Non Executive, effective June 16, 2026. This decision was made during a Board meeting held on June 16, 2026.The company's board considered and approved this appointment, subject to shareholder approval at the ensuing Annual General Meeting. Shri Shrikrushna N. Pawar has been appointed as an Additional Director with DIN 11763684.Details of the Appointment The Board meeting commenced at 2:00 p.m. and concluded at 2:30 p.m., resulting in the following professional appointments detail for Mr. Pawar...

Indian Hotels Company Ltd Announces Schedule for Institutional Investor Meetings and Roadshows Indian Hotels Company Limited has outlined the schedule for upcoming meetings and roadshows intended for analysts and institutional investors. The company provided details regarding two distinct events set for June 2026, covering both virtual and physical investor interactions.The scheduled engagement includes a dedicated meeting with Ashika Institutional Equity, as well as a comprehensive roadshow event. These sessions are designed to update the investment community on the company's operations and performance.Key details of the investor meetings are as follows:DateInvestor/Event NameModeType of MeetingTime of MeetingJune 19...

Global Climate Finance Shifts: India and Japan Nail Down Crucial Rules for Carbon Credit Trading India and Japan have taken a significant step forward in global climate governance by adopting the implementation rules for a Joint Crediting Mechanism. This critical move addresses Article 6.2 of the Paris Agreement, formalizing how carbon emissions reductions will be shared and credited between nations. The adoption signals a maturing process in international environmental compliance, moving beyond pledges toward executable financial mechanisms.This agreement is highly anticipated to streamline the complex flow of carbon credits globally. By establishing clear rules for joint crediting, the mechanism aims to provide predictability within...

Marksans Pharma Ltd Completes Acquisition of 100% Stake in Netherlands-Based QliniQ B.V. Marksans Pharma Limited has completed the acquisition of 100% share capital of QliniQ B.V., a company based in the Netherlands. The completion of this transaction marks a significant step for the pharmaceutical firm, enhancing its international footprint following prior communications regarding the deal structure.MARKSANS Stock Price Movement As of 3:23 PM, shares of Marksans Pharma Limited are slipping by 0.84% in live trading, currently priced at ₹247.66 after shedding ₹2.10 per share. The stock has seen a robust intraday volume of 1,675,092 shares.

Rashi Goenka Acquires Shares in Gamco Ltd, Increasing Promoter Holding to 2.63% Rashi Goenka, a member of the promoter group of Gamco Limited, increased her shareholding in the company by acquiring Equity Shares through an open market transaction on June 15, 2026. The acquisition resulted in Rashi Goenka's total holding rising to 1,421,933 Equity Shares, representing 2.63% of the issued and paid-up equity share capital of Gamco Limited.The transaction saw Mrs. Rashi Goenka acquire 10,000 Equity Shares in Gamco Limited. These shares carry a face value of Rs. 2 each.Prior to this acquisition, Rashi Goenka held 1,411,933 Equity Shares, which accounted for 2.61% of the company's share capital. Following the purchase, her holding stood...

NBCC Secures Work Orders Totaling Rs 20.92 Cr. from Major Clients NBCC (India) Limited has been awarded several contracts, amounting to approximately Rs 20.92 Crore, in the course of its ordinary business operations. The projects span both hospital infrastructure and social welfare housing construction.The work orders were secured from key organizations, including Chennai Port Authority and Power grid Corporation of India Limited. These contracts are designated as Project Management Consultancy assignments.A summary of the awarded works is detailed below:Name of WorkClientApproximate Value (Excluding GST)Improvement works to the Medical and Surgical Blocks of ChPA Hospital at Chennai Port, Chennai Annexure-IChennai Port...