Markets

DEE Development Engineers Secures In-Principle Approval for Preferential Equity Issue DEE Development Engineers Limited has received in-principle approval from both BSE Limited and National Stock Exchange of India Limited (NSE) for the issuance of equity shares on a preferential basis. The approval facilitates the intended capital raise, which targets promoters and the public investor base.The company confirmed the receipt of the necessary preliminary approvals for the issue of 59,76,096 equity shares. These shares are set to be issued at a price of Rs 502 per share, structured with a face value of Rs 10 each, resulting in a premium of Rs 492 per equity share.The preferential issuance is designated for Promoter and Non-Promoters...

P S Raj Steels Limited Enters Agreement with PR Professionals for Investor Relations Support P S Raj Steels Limited, formerly P S Raj Steels Private Limited, has signed a significant agreement with PR Professionals to manage its public relations and investor relations needs. The contract was finalized on June 30, 2026, and the support services will be effective starting July 1, 2026.The partnership aims to provide dedicated Public Relations (PR) and Investor Relation (IR) support services to P S Raj Steels Limited. As per the terms of the agreement, which was executed between the two entities, it has been confirmed that there is no shareholding interest in PR Professionals by the company. Furthermore, the agreement structure does not...

Lupin Announces EMA Approval for NaMuscla Pediatric Indication and New Dosage Strengths Global pharmaceutical major Lupin Limited today announced that the European Medicines Agency (EMA) has approved a change to the terms of marketing authorization for its drug, NaMuscla. This approval includes the addition of two new dosage strengths—62 mg and 83 mg capsules—to the existing 167 mg strength.The expanded indication covers the symptomatic treatment of myotonia in various age groups with non-dystrophic myotonic disorders (NDM). The approved patient demographics include children aged 6 to 11 years weighing at least 20 kg, adolescents aged 12 to 17 years, and adults aged 18 years and above. NaMuscla is currently the only approved treatment...

The Grob Tea Company Acquires Bazaloni Group Limited to Boost Presence in Tea Industry The Grob Tea Company Limited has entered into a Share Purchase Agreement (SPA) for the acquisition of 100% equity shares of Bazaloni Group Limited, strengthening its presence within the highly competitive tea industry. The transaction aims to enhance the company's growth, revenue, and profitability by gaining further exposure in this sector.The Board of Directors confirmed approval for the SPA, which covers the acquisition from the existing shareholders of Bazaloni Group Limited. Upon completion of the acquisition and fulfillment of closing obligations, Bazaloni Group Limited is set to become a Wholly Owned Subsidiary of The Grob Tea Company...

SKM Egg Products Assures Market That Price Fluctuations Are Purely Demand Driven SKM Egg Products Export (India) Limited has addressed concerns regarding the movement in its stock price, asserting that any market volatility is strictly attributable to prevailing market conditions and not due to any undisclosed corporate events.Responding to inquiries from regulatory bodies concerning the recent fluctuations, the company stated that it has consistently provided all required material information in a timely manner. The management team emphasized that they are unaware of any pending announcements or undiscovered material information that could have influenced the movement of the company's securities.The company confirmed that its stock...

SFL Hearing Solutions Partners with Petals Healthcare LLP to Expand Network in West Bengal New Delhi, July 01, 2026 – OSEL Devices Limited's step-down subsidiary, SFL Hearing Solutions Private Limited, has entered into a strategic partnership agreement with Petals Healthcare LLP. This collaboration aims to significantly expand the company's hearing care network across West Bengal.The partnership involves adding four new centers to SFL’s existing operational base. By securing these locations through Petals Healthcare LLP, the total operational network size for SFL is set to increase from 37 hearing care centers to 41 centers.Petals Healthcare LLP specializes in operating healthcare establishments, including polyclinics, and possesses...

Exato Technologies Secures USD 479,375 Export Order for Software Licenses Exato Technologies Ltd has received an export order from a global entity for the provision of software licenses. The contract reinforces the company's presence in global markets and reflects its continued focus on delivering customer experience (CX) technology solutions to international customers.The value of the order stands at USD 479,375, exclusive of any applicable taxes, duties, levies or other government-imposed charges.Details regarding this significant contract have been disclosed, confirming that the client is an International Entity and there are no competing interests involved.Key Contract Details The relationship between Exato Technologies and...

Windlas Biotech Announces 25th Annual General Meeting and Board-Recommended Dividend for FY 2025-26Windlas Biotech Limited has announced key details regarding its upcoming general meeting, revealing a dividend recommendation and setting the record date for shareholder eligibility. The company's 25th Annual General Meeting (AGM) is scheduled to take place on Thursday, July 23, 2026, at 1.00 p.m. (IST). Shareholders can attend the meeting via Video Conferencing or other Audio Visual Means.For the purpose of determining members eligible to receive the dividend for the financial year 2025-26, Windlas Biotech has fixed Thursday, July 16, 2026, as the official Record Date.The Board of Directors has recommended a dividend of Rs. 6.30/-...

SEPC Ltd Board Meeting Scheduled to Discuss Preferential Fundraising and Securities Issuance SEPC Ltd has announced that its Board of Directors will meet on Monday, July 06, 2026. The meeting is scheduled to address a proposal for fundraising through the preferential issue of securities, which involves consideration other than cash. A key agenda item includes the determination of the Issue Price, subject to any required regulatory or statutory approvals and necessary shareholder approval.In addition to reviewing the fund-raising proposal, the Board will also decide on various other incidental and ancillary matters as deemed necessary.The company has also established a trading restriction period for its designated persons and their...

Womancart Expands Global Beauty Offerings with CeraVe and THE FACE SHOP; Highlights Strength of In-House Brands Womancart Limited has significantly expanded its portfolio by integrating two major international beauty brands into its offerings. The company announced that it has added CeraVe, a premium international skincare brand, and THE FACE SHOP, a popular K-beauty brand, marking a step toward elevating its beauty proposition. These additions are designed to tap into the fast-growing demand pools within the beauty market, with particular attention given to strong consumer pull from the K-beauty segment.The company confirmed that several other global brands are actively being onboarded, and Womancart plans to continually introduce...

EPACK Durable Limited Secures Andhra Pradesh Government Approval for ₹1,084.31 Crore Investment under Electronics Manufacturing Policy 4.0 EPACK Durable Limited has secured a tailor-made incentive package from the Government of Andhra Pradesh for a combined proposed investment totaling ₹1,084.31 Crore. This approval falls under the Mega Category of the Andhra Pradesh Electronics Manufacturing Policy (4.0) and involves the company and its wholly-owned subsidiary, EPACK Manufacturing Technologies Private Limited (EMTPL).The incentives include the allotment of 36.41 acres of land to EPACK Durable for establishing the proposed manufacturing facility. Furthermore, the government has sanctioned a 50% capital subsidy on eligible fixed...

Lupin Receives U.S. FDA Establishment Inspection Report for Somerset Facility Global pharmaceutical major Lupin Limited announced that it has received the Establishment Inspection Report (EIR) from the United States Food and Drug Administration (U.S. FDA) regarding its manufacturing facility located in Somerset, New Jersey. The report carries a Voluntary Action Indicated (VAI) classification.The inspection of the facility was conducted by U.S. FDA officials between April 13, 2026, and April 17, 2026.Nilesh Gupta, Managing Director of Lupin, stated that the receipt of the VAI classification from the U.S. FDA for the Somerset facility underscores the company's dedication to operational excellence and compliance. He added that this...

Larsen & Toubro Extends Deadline for Disposal of Stake in L&T Metro Rail (Hyderabad) Limited Larsen & Toubro Limited has announced a revision to the timeline concerning the disposal of its stake in L&T Metro Rail (Hyderabad) Limited. The company confirmed that the estimated completion date for this transaction has been extended.The revised deadline for the said transaction is September 30, 2026.Larsen & Toubro stated that while the completion date was adjusted, all other terms and conditions pertaining to the disposal of the stake in L&T Metro Rail (Hyderabad) Limited remain unchanged.LT Stock Price Movement Shares of Larsen & Toubro Limited shed 1.24% on Wednesday, settling at ₹4092.60 after closing down ₹51.40 from the previous...

Alfavision Acquires 34% Stake in Alfa Valley Resort, Targets Mega Tourism Project in Madhya Pradesh Alfavision Overseas (India) Limited has approved a significant expansion move by acquiring an equity stake in Alfa Valley Resort & Wellness Private Limited. This acquisition is part of a broader strategy to enter the hospitality and tourism sector in India.The company acquired 34% of the equity share capital of Alfa Valley Resort & Wellness Private Limited from its promoters. Following the completion of this proposed transaction, Alfavision's aggregate shareholding in Alfa Valley Resort & Wellness Private Limited is set to increase to 74%. This acquisition means the target entity will become a subsidiary of Alfavision Overseas (India)...

RBI Citizen’s Charter Report: Near-Perfect Compliance as 99.9% of Applications Processed On Time in June 2026 The Reserve Bank of India (RBI) has released a detailed status report regarding the processing of applications received under its Citizen's Charter for June 2026. The data underscores the institution's high level of operational efficiency, noting that an overwhelming majority of requests were handled within prescribed timelines. This performance reflects ongoing dedication to service delivery and regulatory compliance.Overall Performance Metrics Under the Citizen's Charter The report details a robust intake managed throughout the month. During June 2026, RBI received 19,177 applications. These figures align with 2,554...

Goodyear India Introduces Ultra Grip Tractor Tire Designed for Demanding Farm OperationsGurugram, July 01, 2026 - Goodyear India has launched its new Ultra Grip tractor tire, specifically designed to support the farm business and Indian farmers operating under demanding field conditions. The product was unveiled during a showcase event in Chandigarh, attended by approximately 100 dealers and channel partners from across the country.The launch reflects Goodyear India's commitment to agricultural solutions tailored for local farming applications. Arvind Bhandari, Managing Director of Goodyear India, stated that with the introduction of Ultra Grip, "Goodyear India is supporting farmers with a tractor tire designed for confidence and...

Zaggle Prepaid Ocean Services Empanelled by Canara Bank for Fintech Cooperation Zaggle Prepaid Ocean Services Limited has secured empanelment with Canara Bank, gaining a significant partner relationship through an Expression of Interest (EOI) process designed for fintech companies.The empanelment extends the cooperation between the two entities in the financial sector. The collaboration is effective starting from June 30, 2026.The agreement established under the EOI process will remain valid for a period of two years. This partnership is subject to annual review based on performance metrics.ZAGGLE Stock Price Movement Shares of Zaggle Prepaid Ocean Services Limited edged higher on Wednesday, concluding the trading session at...

Royal Enfield Posts 27% Monthly Sales Growth in June 2026; Commences Deliveries of Flying Flea C6 Royal Enfield reported strong performance for the month of June 2026, recording total motorcycle sales of 1,14,032 units. This figure reflects a significant growth rate compared to the previous year, as the company simultaneously initiated customer deliveries for its new electric motorcycle brand, Flying Flea C6.The monthly sales performance showed robust expansion across the portfolio. Total motorcycles sold in June 2026 stood at 1,14,032 units, which is a 27% growth compared to the 89,540 motorcycles sold during the same period last year. Year-to-date (YTD) sales for the period from April to June showed continued momentum, with total...

Lokesh Machines Limited Removed from OFAC Sanctions List, Enabling U.S. Financial TransactionsLokesh Machines Limited has announced its removal from the sanctions list maintained by the United States Department of the Treasury's Office of Foreign Assets Control (OFAC). This significant development is expected to positively impact the company's international business operations and financial dealings.The removal permits Lokesh Machines Limited, subject to applicable U.S. laws and regulations, to engage in transactions with U.S. persons and access the U.S. financial system. Furthermore, this status change facilitates U.S. dollar-denominated transactions, provided all necessary legal and regulatory requirements are met.The company...

Canara Bank Releases Provisional Business Figures for June 30, 2026, Showing Growth Across Key SegmentsCanara Bank provided provisional business figures for the period ending June 30, 2026, detailing performance metrics across global and domestic operations, including deposits and advances. The data indicates solid growth trends in various areas of the bank's business.The provisional results show significant increases in Global Business and Domestic Advances. Global Business reached 29,05,820 crores as of June 30, 2026, reflecting a year-on-year (Y-o-Y) growth of 14.40%. Simultaneously, Global Deposits stood at 16,12,604 crores, marking an 11.69% Y-o-Y rise and a 2.80% quarter-on-quarter (Q-o-Q) growth.In the area of advances, the...