Markets

Kilburn Engineering Ltd Secures ₹7,020 Lakhs in First Orders from Global Licensor Casale SA Kilburn Engineering Ltd has secured its inaugural orders from Casale SA, a globally renowned technology licensor, with an aggregate value of approximately ₹7,020 lakhs. The contract awards represent significant business development for the engineering company.The new orders involve the design, engineering, and manufacture of process equipment specifically intended for fertilizer related applications. These contracts have been awarded within the normal course of Kilburn Engineering Limited's established business operations.Casale SA operates across multiple industrial sectors, serving as a technology licensor in the fertilizer, chemical, and...

Dhampur Sugar Mills Limited Announces Record Date for Commercial Paper Maturity Dhampur Sugar Mills Limited has specified the record date related to the maturity of its Commercial Papers (CPs). The information pertains to the CPs issued by the company.The details regarding the commercial paper issuance, including the issue size and key dates, have been finalized.A summary of the financial instruments is provided below:Issue SizeISINDate of MaturityRecord DateRs. 100,00,00,000INE041A14134June 29, 2026June 25, 2026The record date for the maturity of the Commercial Papers is set as June 25, 2026. The CPs were issued with an issue size of Rs. 100,00,00,000 (Rupees One Hundred Crores), and their specified date of maturity is...

Arham Technologies Board Approves Migration of Equity Listing from SME Platform to NSE Main Board Arham Technologies Limited, a listed entity, announced that its Board of Directors approved the migration and trading of the company's equity shares from the Small and Medium Enterprise (SME) Platform (EMERGE) of the National Stock Exchange of India (NSE) to the Main Board of the NSE. The decision was ratified during a meeting held on June 16, 2026.The move signifies Arham Technologies’ progression toward trading on a major stock exchange platform. The Board meeting commenced at 1:00 P.M. and concluded an hour later.While the approval marks a significant corporate development, the decision remains contingent upon various external...

Dev Accelerator Limited Allots Convertible Warrants and Equity Shares; Strengthens Board with Auditor Appointments Dev Accelerator Limited (formerly DevAccelerator Private Limited) announced key outcomes from its Board of Directors meeting held on June 16, 2026. The company approved the allotment of convertible warrants to promoters and allotted fully paid-up equity shares to a non-promoter entity, in addition to appointing new internal and secretarial auditors.The board meeting reviewed several corporate transactions related to capital structure and professional appointments, reflecting growth activities across various facets of the business.Convertible Warrants Allotment The company approved the allotment of 33,33,330 Convertible...

HCLTech Bets Big on Sovereign AI with Sarvam Stake After Global Model Security Alerts HCLTech has solidified its commitment to future-proofing against global tech risks by acquiring a minority stake in Sarvam, injecting approximately $150 million into the full-stack sovereign AI startup. This move comes days after international attention was drawn to restrictions placed on certain advanced AI models by US authorities.The investment underscores HCLTech's strategic shift toward integrating advanced AI capabilities across its service offerings. C Vijayakumar, CEO and MD of HCLTech, detailed their plans for pivoting the organization towards AI-led revenue growth in an exclusive interview with Moneycontrol.Driving Advanced AI Revenue...

Pine Labs Plummets as Shares Fall 5% Amid Dispute Over 'Breakage Income' Revenue Claims Shares of Pine Labs dropped significantly on June 16 after an Entrackr report published claims that the company booked unused pre-paid card balances from its clients as revenue. This reported move was noted to have boosted the firm’s profitability and margins, triggering a swift negative reaction in the market.The decline underscores a major dispute regarding the financial recognition of 'breakage income' within the payment processing industry. Pine Labs reacted strongly to these findings, immediately branding the Entrackr report as "speculative, incorrect and misleading" in its official commentary.Market Reaction and Share Performance At 1:30 pm...

HEC Infra Projects Lands Rs 34.82 Crore Work Order for Electrical Package Works in Gujarat HEC Infra Projects Limited has secured a significant work order totaling Rs 34.82 crores from M/s Stellar Manufacturers Private Limited. The contract involves comprehensive electrical package works at the Fanidhar Food Park, situated in Mudarda Village, Mehsana, Gujarat.The project scope covers the Design, engineering, supply, erection, testing and commissioning of the Electrical Package works. The order was awarded by a domestic entity, which is M/s Stellar Manufacturers Private Limited.HEC Infra Projects confirmed that the contract does not involve related party transactions and noted that none of the promoters or promoter groups have any...

Bank Shares Snap 3-Day Gains as Investors Rebalance Amid Profit Booking Wave The steady surge in banking stocks has taken a brief but sharp pause today, with multiple leading financial institutions experiencing profit booking. After a buoyant run that saw consistent three-day growth across the sector, traders are now adjusting portfolios, triggering a near-term correction. This pullback is serving as a necessary pause button, resetting market expectations and presenting key opportunities for tactical buying at specific support levels.Why Banking Stocks Are Seeing A Profit Booking Correction The recent sustained rally in bank shares was driven by optimistic macroeconomic forecasts and sector rotation flows. However, the rapid increase...

Mahindra Holidays Completes Acquisition of Aditatva Estates, Securing Coffee Plantation Land for Resort Expansion Mahindra Holidays & Resorts India Limited has completed the acquisition of a majority stake in Aditatva Estates Private Limited, making the entity a wholly owned subsidiary of the company. The transaction was finalized on June 15, 2026.The Company acquired a 100% equity stake in Aditatva for an aggregate consideration of Rs. 37.5 Crores. With this acquisition, Mahindra Holidays & Resorts India Limited now controls Aditatva Estates Private Limited, effective from the completion date.Aditatva is primarily engaged in the coffee plantation business and operates on a land parcel spanning approximately 50 acres located in...

Cipla Appoints Chief Executive Officer for One India Business; Announces Stock Option Grants Cipla Limited has announced a key leadership designation and granted stock options to employees under established incentive schemes, marking significant developments within the company structure. Mr. Shivam Puri, currently the Managing Director and Chief Executive Officer of Cipla Health Limited, was appointed as the Chief Executive Officer for the One India Business and a member of the Management Council, effective July 1, 2026.The appointment formalizes Mr. Puri’s role in leading the One India business segment. He is designated as a Senior Management Personnel at Cipla.Mr. Puri brings extensive experience to this new capacity. As CEO of...

Vegorama Punjabi Angithi Ltd Earns Unmodified Opinion in Annual Audit as Internal Controls Are Rated Adequate Vegorama Punjabi Angithi Limited has received its annual audit report from Raj Gupta & Co., which concluded on June 12, 2026. The auditors have provided an unqualified opinion on the financial statements for the year ended March 31, 2026, confirming that the company's financials present a true and fair view in conformity with generally accepted accounting principles in India.The audit report confirmed that Vegorama Punjabi Angithi Limited maintained adequate internal financial controls, which were operating effectively as of March 31, 2026. The auditors noted that the management and Board of Directors bear responsibility for...

Qatar to Unleash Massive LNG Surge, Aiming for 80% Output within Two Months After Hormuz Reopens Qatar is preparing for a significant boost in liquefied natural gas (LNG) production following the reopening of the Strait of Hormuz. Sources familiar with the matter suggest that the state-controlled energy company, QatarEnergy, intends to rapidly scale up its exports once safe passage through the vital waterway is restored.The plan set by QatarEnergy involves raising output to approximately 50% of capacity within one month and aiming for a restoration level of roughly 80% within two months. This rapid recovery contrasts sharply with the extensive damage sustained by facilities in the past.Timeline for LNG Capacity Restoration While a...

Indian Bond Outlook Stabilizes as US-Iran Peace Deal Eases Geopolitical Risks Global Markets React to De-escalation in West Asia The global bond markets reacted keenly to the June 15 peace agreement between the US and Iran, as investors began trimming safe-haven positions. In parallel, various domestic policy measures within India are bolstering investor confidence in fixed income assets.International bond yields saw shifts across major economies following the de-escalation. The US 10-year Treasury yield rose by 3.8 basis points to 4.45 percent. Concurrently, the UK 10-year gilt yield increased 2.9 basis points reaching 4.81 percent, while Japan's 10-year government bond yield climbed 6 basis points to 2.58 percent.In contrast, the...

Bondada Engineering Secures Rs 1338 Crore EPC Contract from NTPC for Solar and BESS Project in UP Bondada Engineering Limited has been awarded a major contract by NTPC Renewable Energy Limited. The award covers the EPC Package for the development of a substantial solar project coupled with a Battery Energy Storage System (BESS) at Sitapur, Uttar Pradesh.This significant order strengthens Bondada’s position as an engineering partner in India's renewable energy sector. The contract is valued at Rs 1338,03,29,049, making it a major addition to the company’s pipeline.Details of the award from NTPC Renewable Energy Limited are as follows:ParticularDetailsAwarding EntityNTPC Renewable Energy LimitedProject ScopeEPC Package for...

Venus Remedies Limited Shares Social Media Posts for Shareholders Regarding KYC Update Venus Remedies Limited has communicated with its shareholders via social media platforms regarding the importance and process of updating Know Your Customer (KYC) details with the company.The official communication addressed awareness among shareholders concerning the necessary updation of their KYC information. The company ensured that this critical notice was disseminated through various digital channels to ensure wide reach.Shareholders can refer to specific posts made across the Company's official social media handles, including Instagram, Facebook, LinkedIn, and X (formerly Twitter). These posts contain essential information relating to the...

Heritage Foods Ltd Management to Attend GIA Flagship Promoters' Conference 2026 in Mumbai The management of Heritage Foods Ltd is scheduled to participate in the GIA Flagship Promoters' Conference 2026. The participation includes both one on one meetings and group meetings during the event.The conference, which will be held in Mumbai, is scheduled for June 24, 2026.Key details regarding Heritage Foods Ltd's involvement are provided below:Date of MeetingConference NameLocationModeJune 24, 2026GIA Flagship Promoters' Conference 2026MumbaiPhysicalThe company noted that the schedule for participation may undergo changes depending on exigencies concerning the Analyst, Institutional Investor, or the Company. The management...

Leela Palaces Hotels & Resorts Ltd Scheduled for Ashika Institutional Equities Virtual Investor Conference Leela Palaces Hotels & Resorts Ltd, formerly known as Schloss Bangalore Private Limited and Schloss Bangalore Limited, has scheduled participation in a virtual conference organized by Ashika Institutional Equities. The event is intended to engage with investors and discuss company matters.The company's representatives are set to attend the investor meet on June 19, 2026. This conference will be held virtually and falls under the category of a group meeting.Key details regarding the planned engagement are provided below:DateEvent/Institution DetailsType of MeetingMode of MeetingJune 19, 2026Ashika Institutional Equities...

Muthoot Microfin Ltd to Hold Investor Meeting in Mumbai on June 22, 2026 Muthoot Microfin Ltd has scheduled an investor meeting where company officials will be present to interact with investors. The event is set to take place in Mumbai.The scheduled interaction includes both one-on-one and group meeting formats. Company representatives will attend the session as part of this engagement opportunity for stakeholders.Key details regarding the investor meeting are provided below:DateType of MeetingLocation/VirtualJune 22, 20261x1 / Group MeetingMumbaiMUTHOOTMF Stock Price Movement Shares of Muthoot Microfin Limited are edging higher to ₹201.19 as of 12:58 PM, following a gain of 3.06% in live trading. The stock currently...

RPG Life Sciences Cancels Previously Listed Record Date Due to Portal Error RPG Life Sciences Limited has announced that the record date previously mentioned on the NEAPS portal for determining shareholders eligible for the final dividend must be treated as cancelled due to an inadvertent entry error. The company stated that a new record date will be communicated once the Annual General Meeting (AGM) date is finalized.The communication clarified the status of the previous announcement, which had referenced an ensuing AGM. An earlier announcement made by the Company on April 29, 2026, provided directives and details regarding the upcoming meeting, though the record date for the payment of the final dividend was not fixed at that time...

HDFC Life Allots Over 14 Million Equity Shares to HDFC Bank at Premium Price HDFC Life Insurance Company Limited announced the allotment of equity shares to its promoter, HDFC Bank Limited, completing a major transaction that has updated the company's share capital structure.The Board of Directors of HDFC Life Insurance Company approved the allocation of 14,523,906 fully paid-up equity shares to HDFC Bank Limited on June 16, 2026. This action followed a special resolution passed by the members through postal ballot on May 16, 2026.The allotment was executed on a preferential basis. The details of the transaction are as follows:DetailValueRecipientHDFC Bank Limited (Promoter)Number of Shares Allotted14,523,906Face Value...