Markets

EIH Associated Hotels Appoints Atul Hiralal Shah as Non-Executive Independent Director EIH Associated Hotels Limited has appointed Mr. Atul Hiralal Shah as an Additional Director in its Board of Directors, effective June 20, 2026. The appointment was made following the recommendation of the company's Nomination and Remuneration Committee.Mr. Shah will serve as a Non-Executive Independent Director who is not liable to retire by rotation. His tenure is set for five consecutive years, subject to subsequent approval by the Shareholders of EIH Associated Hotels Limited.Key details regarding the appointment are provided below:ParticularsDetailsReason for changeAppointmentDate of AppointmentJune 20, 2026Term of appointmentFive...

Sensex and Nifty Pare Gains Despite Geopolitical Deal: Market Faces Headwinds from IDF Stance and Profit Booking Benchmarks Sensex and Nifty experienced a decline in their gains on June 15th after initially surging following news that the US and Iran had reached an initial deal to end hostilities and resume traffic through the Strait of Hormuz. The markets, which saw strong pre-market activity fueled by the geopolitical developments, registered profit taking and faced technical resistance.At 12:35 pm, both indices were positive but showed signs of consolidation. The Sensex was trading at 76,460.56, gaining 932.61 points or 1.23%. The Nifty traded at 23,912.50, marking a gain of 289.60 points or 1.23%.Key Factors Driving Market...

Schneider Electric Infra Stock Surges 10% as Parent Ties Up with Foxconn to Build Next-Gen AI Data Centres Shares of Schneider Electric Infrastructure Ltd witnessed a massive surge in Monday's trading session, breaching its 10% upper circuit. The stock hit ₹1,216.20 on the NSE after the parent company, Schneider Electric, announced a high-profile strategic collaboration with Taiwan's Foxconn. This partnership is set to revolutionize the design and deployment of advanced artificial intelligence (AI) data centres globally.The market reacted strongly to the news, betting that this joint venture could significantly fortify Schneider Electric’s standing within the rapidly expanding AI infrastructure ecosystem. The announcement details a...

EIH Associated Hotels Sets Record Date for Potential Final Dividend EIH Associated Hotels Limited has announced the record date for determining eligible shareholders to receive a potential Final Dividend for the Financial Year 2025-26.The company fixed Tuesday, July 28, 2026, as the record date. This dividend payment is contingent on its approval at the Forty Third (43rd) Annual General Meeting of the company.The AGM is scheduled to take place on Tuesday, August 04, 2026. If approved, the Final Dividend would be paid on or before Monday, August 31, 2026, subject to deduction of tax at source.EIHAHOTELS Stock Price Movement Shares of EIH Associated Hotels Limited are climbing steadily, trading up 2.67% to ₹310.95 as of 12:59 PM in...

Proposed Appointment of Mr. Rahul Soni as Company Secretary at Kokuyo Camlin Ltd. Falls Through Kokuyo Camlin Ltd. has confirmed that the proposed appointment of Mr. Rahul Soni as Company Secretary and Compliance Officer will not take effect following his decision to withdraw from the position.The company had extended an offer for the role of Company Secretary and Compliance Officer to Mr. Soni, who had accepted the employment terms after the company initiated necessary onboarding formalities.However, prior to joining and assuming charge of the post, Mr. Soni communicated his intention to decline the offer due to personal reasons. Consequently, the appointment as proposed will not proceed.Kokuyo Camlin Ltd. is currently in the...

Embassy Office Parks REIT Management to Hold Investor Meetings in London for Q4 FY2026 Results Embassy Office Parks REIT, managed by Embassy Office Parks Management Services Private Limited, announced that members of its management team will hold meetings with Institutional Investors in London. The event is scheduled to focus on the company's performance and results update.The meetings are set to take place over two days, June 17-18, 2026. These sessions are designed as one on one meetings between senior management personnel and institutional investors.The specific agenda for the meeting is detailed below:DateAgendaFormatAttendees / PresenterJune 17-18, 2026Q4 FY2026 Results UpdateOne on One MeetingsSenior Management...

Supreme Court Upholds Vested Mining Lease Rights Accrued Before 2015 Amendments A landmark judgment by the Supreme Court of India has reinforced the rights of mining lease applicants whose claims were established prior to significant statutory changes under the Mines and Minerals (Development and Regulation) Act, 1957. The Court clarified that applications with vested or accrued rights before certain timelines remain valid despite subsequent legislative amendments concerning auction processes.The judgment addressed a dispute regarding mining lease applications, ruling that if a decision to grant a mining lease, along with requisite approvals, was finalized before 2015, the applicant's entitlement continues irrespective of later...

Core Economy Alert: Wholesale Inflation Surges 8 Consecutive Months as Fuel Price Jumps amid New PPI Release India’s wholesale inflation experienced a sharp surge in May, registering at 9.68 percent. This significant jump is up from the previous reading of 8.26 percent reported in April. The rise signals mounting pipeline inflation pressures across the economy and marks the eighth consecutive monthly increase in the sector.The revised data, which utilizes the government’s newly established series based on a 2022-23 base year, indicates that fuel prices remain the principal driver of this inflationary trend. This continued pressure reflects persistent global commodity movements and geopolitical tensions affecting West Asia.Fuel and...

Persistent Systems Partners with San Francisco Unicorns as Official Re(AI)magining™ Partner for MLC 2026 Persistent Systems Limited, a global leader in Digital Engineering and Enterprise Modernization, has entered into a significant partnership with the San Francisco Unicorns for the 2026 Major League Cricket (MLC) season. The collaboration positions Persistent as an Official Re(AI)magining™ Partner within the team's premium partnership tier, highlighting the company’s focus on integrating AI and data-led innovation into high-performance sports environments.The partnership is designed to expand Persistent's capabilities in North America by focusing on real time, decision intensive environments. The initiative will be driven through...

Fintech Rally Ignites as Razorpay Files $600 Million IPO Papers; Unicorn Shares Surge Razorpay’s Confidentially Filed IPO Sparks Bull Run Across FinTech Sector The Indian fintech sector is witnessing a significant rally following reports that unicorn Razorpay has confidentially filed draft papers with the securities market regulator, SEBI, for an Initial Public Offering (IPO). This development has fueled positive sentiment across the industry, with shares of several fintech firms seeing sharp gains in trade on Monday.Investors are reacting to the news as the potential listing draws renewed attention and capital into the burgeoning financial technology space. Shares of companies like One MobiKwik Systems were among the top performers...

Smart Services Announces Open Offer for Sharp India Ltd Shares Representing 25 Percent Stake A pre-offer advertisement has been issued regarding an open offer by Smart Services Private Limited to acquire equity shares of Sharp India Limited. The offering aims to acquire up to 6,486,000 equity shares of the company.The pre-offer details confirm that the Acquirer, Smart Services Private Limited, is seeking to purchase a portion of Sharp India Limited's outstanding shares. The offer concerns a maximum quantity of 6,486,000 equity shares of Sharp India Limited, which are each valued at Rs. 10/-.The proposed acquisition represents 25.00% of the fully paid up and voting share capital of Sharp India Limited. The pre-offer advertisement...

G R Infraprojects Secures Railway Project: Appointed Date Declared by West Central Railway G R Infraprojects Ltd has received confirmation from the West Central Railway regarding a major railway construction project, setting the appointed date and solidifying the contract terms for the infrastructure undertaking in Madhya Pradesh.The company was informed by the West Central Railway that 15 June 2026 is the appointed date for the 'Construction of New Railway line from Km 124/400 to 165/380 in between Bahari and Gondawali stations.' This extensive project forms part of the Sidhi-Singrauli new Rail link in Madhya Pradesh.The scope of work under this contract is comprehensive, covering various aspects necessary for modern railway...

Sahana Defence Limited Lands Long-Term Contract with Central Electronics for Indigenous EW Manufacturing under Make in India Initiative Ahmedabad – Sahana Defence Limited, a subsidiary of Sahana System Limited, has secured a landmark long-term manufacturing contract with Central Electronics Limited (CEL). CEL, a Mini Ratna Public Sector Enterprise operating under the Department of Scientific & Industrial Research (DSIR), Government of India, is hosting the project. The agreement involves establishing and operating an Electronic Warfare (EW) Equipment and Weapon Periphery Manufacturing Facility at CEL's premises located in Sahibabad, Uttar Pradesh.This contract has been awarded as part of the Government’s "Make in India" initiative...

Vas Infrastructure Ltd's Financial Results for Q&Y Ended March 31, 2026; RP Committee Approves Figures Amid CIRP Proceedings Vas Infrastructure Ltd announced the approval of its Audited Financial Results and provided key financial statements for the quarter and financial year ended March 31, 2026. These results were reviewed and approved by the Resolution Professional (RP) Committee on May 26, 2026. The company also stated that its Annual General Meeting is scheduled for September 23, 2026.The financial outcomes presented show a Net Profit of 9.451 lakh in the quarter ending March 31, 2026, and a total profit/loss before tax of 33.918 lakh for the full year ending March 31, 2026.Financial Performance Highlights (Amounts in Lakhs)...

Bond Market Must Absorb Global Capital Surge As Minister Stresses Need for Broader Reforms The government indicated that recent tax relief measures targeting sovereign debt are not the end of the story, emphasizing the need for continuous efforts to attract greater foreign capital. Finance Minister Nirmala Sitharaman addressed the market during the Mindmine Summit 2026 in New Delhi, stating that while bond markets can absorb incoming funds, current reforms have been limited primarily to government securities.Sovereign Debt Market Needs Wider Reform to Attract Foreign Flow Sitharaman stated that the Centre, along with RBI, has taken steps concerning capital gains tax and withholding tax related to the bond market. Earlier this month...

Steel City Securities Sets Record Date for Final Dividend of Financial Year 2025-26 Steel City Securities Limited has announced the record date pertaining to the payment of its final dividend for the financial year 2025-26. The company fixed Tuesday, June 16, 2026, as this crucial record date.The announcement concerns the distribution of the final dividend, which is set for the financial period spanning 2025-26.This event provides a key transactional update regarding the dividend declaration and payment schedule for investors.STEELCITY Stock Price Movement Shares of Steel City Securities Limited are edging higher to ₹76.35 as of 12:26 PM today, gaining 1.21% in live trading. The stock maintains momentum amid steady buying...

Utsav Promoters Acquires Shares in Tai Industries Limited Utsav Promoters Private Limited has acquired a stake in Tai Industries Limited (TIL), marking the successful acquisition of shares by the promoter entity. This transaction involves Utsav Promoters and its associates, noting specific details regarding the increase in voting capital for the target company.The acquisition was completed on June 11, 2026. Through this open market purchase, Utsav Promoters acquired 30 fully paid-up equity shares of Tai Industries Limited. This acquisition represents 0.0005% of the total paid up equity and voting share capital of the target company.Before the transaction, Utsav Promoters held 1,73,000 shares, representing 2.8833% of the total...

Mayur Leather Products Ltd Sells 6,00,000 Shares of Target Company in Share Disposal Transaction A transaction involving Mayur Leather Products Limited saw the sale of 6,00,000 equity shares in the target company. The details reflect a significant shift in ownership structure for one of the associated shareholders.The acquisition and subsequent disposition of these shares occurred on June 12, 2026. This transaction affected the shareholding profile concerning Mayur Leather Products Limited.Before the sale, the holding stood at 6,86,100 shares, representing 14.19% of the total diluted share capital. Following the acquisition and sale of the shares, the holding was reduced to 8,61,000 shares, equating to 1.78%.The transaction...

Promoter's Acquisition Boosts Holding in Riba Textiles Ltd: Babita Garg Purchases Shares Babita Garg has increased her stake in Riba Textiles Limited through an open market acquisition of shares, bringing her holding up to 4.71%. The acquisition activity occurred on June 12, 2026.The purchase represents a significant addition to the existing holdings of Ms. Garg. Prior to the transaction, she held 4,51,454 equity shares, which equated to a 4.67% holding in Riba Textiles Limited. Following the acquisition, her total shareholding rose to 4,55,427 shares.Ms. Garg is identified as belonging to the Promoter group of the target company. The purchase was conducted through the open market.The financial details surrounding the acquisition...

Vedanta’s Demerger Unlocks Massive Potential: Agarwal Targets $100 Billion Valuation for Every Entity Vedanta Chairman Anil Agarwal revealed an extraordinarily bullish vision for the company's newly listed entities following the completion of the ambitious demerger. He asserted that every one of the five standalone businesses could ultimately achieve a valuation of $100 billion. This aggressive outlook is being fueled by the expectation of India entering a long-term commodities growth cycle, supported by rising demand and prevailing supply constraints.Speaking to CNBC-TV18, Agarwal stressed that the corporate restructuring benefits investors by allowing them to appreciate the distinct value of each business independently. He...