Markets

Craftsman Automation Posts Strong Financial Results for FY26; Revenue Climbs 43% to H 8,06,927 Lakhs Craftsman Automation Limited has reported robust financial results for the fiscal year ending March 31, 2026. The company saw significant growth in revenue and profitability across its diverse operating segments, as detailed in its consolidated financial statements.The Group recorded Total Revenue from Operations of H 8,06,927 lakhs for FY2025-26, marking a substantial increase compared to the H 5,69,048 lakhs reported in the previous fiscal year. The company’s profit attributable to owners also saw strong growth, reaching H 38,399 lakhs, up from H 19,457 lakhs for the prior year. Total Comprehensive Income rose to H 41,924 lakhs...

SEPC Secures ₹673 Crore Project from SAIL for Steel Plant Expansion in Burnpur Chennai: SEPC Limited, an established EPC company specializing in industrial infrastructure, process plants, and water and wastewater management, has secured a major order worth ₹673.32 Crore from Steel Authority of India Limited (SAIL). The contract is for the 4.08 MTPA Crude Steel Expansion Project at IISCO Steel Plant (ISP) in Burnpur.The deal marks a significant milestone for SEPC, reinforcing its expanding footprint within the industrial EPC segment and strengthening its position in large-scale steel and heavy industrial infrastructure projects.Scope of Work Details The total contract value stands at ₹673.32 Crore (net of taxes). The project...

CarTrade Tech Launches CarTrade Used Auto to Unify India's Used Car Ecosystem CarTrade Tech Limited, one of India’s leading digital automotive marketplaces, has announced the launch of CarTrade Used Auto. This new platform aims to build a comprehensive used-car ecosystem across India by encompassing the entire transaction journey: Buy, Sell, Exchange, and Finance. The initiative combines the strengths of CarWale and OLX India into a unified, asset light, technology led solution designed for the diverse needs of the used car market.CarTrade Used Auto is engineered to serve every aspect of used car transactions across B2C, C2B, and C2C channels. It targets consumers, dealers, enterprises, lenders, and service partners throughout the...

IPO Frenzy Looms: Four SME Giants Set to Open for Subscription, Fueling Junior Segment Activity The capital markets are set for a robust week, with activity concentrated primarily within the Small and Medium Enterprise (SME) segment. While the mainboard appears quiet, five companies from the SME sector are scheduled to launch their Initial Public Offerings (IPOs), expected to collectively raise nearly ₹300 crore. This surge in micro-cap listings provides a clear focus area for investors looking into the burgeoning junior stock market.Major Listings Set to Debut on June 17th Four key companies—Liotech Industries, Leapfrog Engineering Services, Clay Craft India, and Diksha Polymers—are set to open their IPOs for public subscription...

Steel Exchange India Secures APCRDA Approval for SIMHADRI TMT in Amaravati Capital City Projects Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer and trusted provider of SIMHADRI TM T TMT rebars in South India, has secured formal approval from the Andhra Pradesh Capital Region Development Authority (APCRDA). This approval allows the company to use its flagship SIMHADRI TMT products in construction works related to the Amaravati Capital City development program.The APCRDA approval encompasses several key grades of steel, including Fe550, Fe500D, and Fe550D CRS. This milestone solidifies SEIL's position as a crucial primary source vendor for infrastructure projects being undertaken by APCRDA. With the...

Ajanta Pharma Announces 47th Annual General Meeting for July 2026 Ajanta Pharma Ltd has announced the details of its Forty-Seventh (47th) Annual General Meeting (AGM). The meeting is scheduled to take place on Thursday, 16th July 2026.The AGM will be held at 11:00 a.m. (IST) and attendees can join through Video Conferencing (VC) or other Audio-Visual Means (OAVM).Key dates related to the meeting have also been set. The beneficiary position of shareholders for determining the Annual Report for FY 2025-26 will be taken as received from Depositories as on Friday, 12th June 2026.The cut-off date for determining the eligibility of members to vote on the resolutions proposed at the 47th AGM is set for Thursday, 9th July 2026. The Notice...

Crude Oil Plummets 5% as US-Iran Peace Deal Sparks Global Relief Rally; Analysts Cite Major Boost for Indian Economy Crude oil prices experienced a dramatic plunge following the announcement of a peace deal between the United States and Iran. This development provides significant relief to global energy markets, reducing fears of sustained disruption in critical shipping routes. The potential reopening of the Strait of Hormuz has driven down oil benchmarks, mirroring the market's positive reaction to stabilizing international tensions.Steep Price Correction as Oil Futures Hit Multi-Month Lows US crude oil futures for July delivery fell more than 5%, settling at $80.25 per barrel. Meanwhile, Brent crude futures for August delivery...

Rupee Gains as US-Iran Truce Eases Tensions, Driving Global Risk Appetite Rally The Indian rupee opened significantly stronger on Monday, buoyed by the preliminary peace agreement reached between the United States and Iran. The currency strengthened by 43 paise, trading at 94.68 against the US dollar from previous close of 95.11. This move reflects a broader global shift towards improved risk appetite following the easing of geopolitical tensions.Rupee Outlook and Market Advisory Asian currencies generally rallied against the US dollar, indicating growing confidence in emerging markets. Finrex advises exporters to capitalize on the strengthening rupee by utilizing the favorable moves in the currency pair to hedge receivables...

Nifty Poised for Record Breakout: Technical Alignment and Macro Shifts Set Stage for Massive Rally Key Levels Defended as Markets Approach Potential All-Time Highs The National Stock Exchange (NSE) indices, particularly the Nifty, are showing strong signs of preparing for a significant surge to new record levels. According to Rohit Srivastava, founder of Indiacharts, the confluence of technical indicators, investment positioning, and improving global macro conditions suggests a major uptrend is imminent.A recent market correction saw both Nifty and Bank Nifty successfully retrace approximately 61% of the prior rally. This retracement occurred after the initial up move that began on April 2 and culminated in a high of 24,601 for the...

Mini Diamonds India Ltd Secures INR 14 Crore Domestic Order for Lab Grown Diamonds Mini Diamonds India Limited (MDIL) has secured a significant domestic order worth INR 14.00 Crores for the supply of cut and polished lab grown diamonds. The contract was finalized on June 15, 2026, with a new client based in Mumbai.The acquisition of this major order underscores MDIL's strategy to expand its domestic customer network and strengthen its footprint within the Indian Lab Grown diamond market. Management stated that the successful receipt of the business reinforces the company’s ability to cater to specific market requirements using a disciplined and customer-centric approach, contributing to improved sales visibility and revenue...

Vedanta Stock Markets Surge as Four Companies Debut: Aluminium and Energy Units Drive Value Unlocking Shares of four demerged entities from the Anil Agarwal-led group are set for their stock market debut on Monday. The listings mark a significant milestone in a long-awaited restructuring exercise designed to unlock latent value across the group's diverse natural resource portfolio. These newly listed companies include Vedanta Aluminium Metal Ltd, Vedanta Oil & Gas Ltd, Vedanta Power Ltd, and Vedanta Iron & Steel Ltd.Completion of Group Restructuring The four market debuts follow the ex-demerger event that occurred on April 30. On that date, Vedanta Ltd adjusted its stock price through a special pre-open session to reflect the...

Acquirers Announce Open Offer for Senthil Infotek Ltd. Shares, Offering 26% Stake at INR 8 per Share Kolli Murali Krishna and Gogineni Srinivas have announced an open offer for the Equity Shares of Senthil Infotek Limited. The open offer aims to acquire up to thirteen lakh thirteen thousand (13,13,000) equity shares, representing 26.00% of the voting share capital of the company.The offer details set out the terms and conditions under which public shareholders can participate in the acquisition of Senthil Infotek Ltd.'s Equity Shares. The maximum open offer consideration stands at INR 8/- (Indian Rupees Eight only) per Equity Share, with a total potential consideration amounting to INR 1,05,04,000/-.The announcement follows an...

Oil Plummets as US-Iran Peace Deal Looms: Gold Surges Amid Easing Geopolitical Tensions Crude Oil Sinks Following Middle East Progress Crude oil markets experienced a sharp decline on June 15 following news that the United States and Iran are nearing an agreement to end their conflict. Initial reports indicated that an understanding had been reached between U.S. President Donald Trump and Iran's deputy foreign minister. The deal aims to halt hostilities and restore shipping activity through the critical Strait of Hormuz.This shift in geopolitical sentiment rapidly impacted energy prices. Brent crude futures fell $3.58, marking a 4.1 percent decrease, settling at $83.75 per barrel. Concurrently, U.S. West Texas Intermediate (WTI) crude...

Gold and Silver Surge as Iran Conflict Fuels Inflation Fears Amid Fed Policy Focus Global precious metals witnessed significant movements in early trading, with gold prices trending higher amid escalating geopolitical tensions surrounding the conflict in Iran. The market remains highly sensitive to crude oil movements, rupee volatility, and broader macroeconomic developments. While international spot prices showed resilience due to elevated energy costs, expert analysis highlights that future metal trajectory hinges significantly on global inflation and US monetary policy decisions.Global Metal Prices Rally Amid Geopolitical Tensions International spot gold climbed 2.65 percent, reaching $4,351.20 per ounce in early Comex trade...

Embassy Developments Appoints Leighton Asia for Construction of Ultra-Luxury Citadel Project in Mumbai Embassy Developments Limited has secured a major contract valued at over ₹850 crore awarding the civil and structural works package for its landmark ultra-luxury residential project, Embassy Citadel. The construction partnership was awarded to Leighton Asia, a division of the CIMIC Group.Embassy Citadel is strategically located on Dr. Elijah Moses Road in Worli, Mumbai. This extensive development spans approximately 1.6 million sq. ft. and holds an estimated gross development value of around ₹8,800 crore. The project scope includes creating a vertically integrated luxury ecosystem focused on wellness, hospitality-inspired living, and...

Smartworks Expands in Singapore with New 15,000 sq. ft. Space at Manulife Tower; Total Footprint Crosses 50,000 sq. ft. Smartworks Coworking Spaces Limited, India’s largest managed office platform by area under management, has significantly expanded its presence in Singapore. The company announced the addition of a new managed office space at the highly strategic Manulife Tower in Singapore's Central Business District (CBD), bringing its total footprint in the city-state to over 50,000 sq. ft.This expansion is handled through the wholly owned subsidiary, Smartworks Space Pte Ltd. The newly added fully serviced office space covers more than 15,000 sq. ft. within the Manulife Tower. This building holds both LEED Gold and Green Mark Gold...

Sensex and Nifty Set for Massive Gap-Up as US-Iran Deal Sends Global Oil Prices Tumbling GIFT Nifty is signaling a powerful rally, climbing over 300 points in early trading after reports of a breakthrough agreement between the United States and Iran. This significant geopolitical development has triggered a sharp risk-on rally across Asian markets and caused crude oil prices to decline sharply. The indicator, which stood at 24,011 around 8:00 am (up 316 points or 1.35 percent), points toward a decisive gap-up for the Nifty 50 from Friday's close of 23,622.90.Geopolitical Breakthrough Ignites Global Risk Appetite Global markets reacted strongly to news that US and Iranian officials reached a framework agreement aimed at ending...

Investor Wave Hits Niche Startups as Indian Consumers Flock to Premium Wellness and Hyper-Local Services The venture capital landscape in India is witnessing a significant shift, moving away from generalized horizontal platforms towards highly specific consumer needs. Investors are increasingly recognizing that modern Indian consumers possess a growing willingness to invest premium sums into products and experiences that fundamentally improve their daily lives. A fresh wave of startups spanning quick commerce, wellness technology, specialty coffee, and curated travel are attracting substantial new capital backing, signaling a maturing appetite for hyper-focused market solutions.Capital Flows Into Quick Commerce and Home Materials...

Cohance Approves Key Governance Changes and Stock Option Plans in Postal Ballot Vote The members of Cohance Lifesciences Ltd have approved several critical resolutions related to appointments, executive remuneration, and stock option programs following a postal ballot conducted across the company’s shareholders base. The voting concluded on June 13, 2026, with the results being scrutinized by Mr. DVM Gopal of Mis. DVM & Associates LLP.The five resolutions put before the members were duly passed with requisite majority. These approvals include the appointment and related remuneration of Mr. Umang Vohra (DIN: 02296740), establishment of a new Employee Stock Option Plan, and the grant of stock options tied to issued capital.Overview of...

Aurobindo Pharma Stock Wobbles as USFDA Tags Key Facility with "Official Action Indicated" Status Aurobindo Pharma shares are expected to remain under intense scrutiny following the disclosure that the United States Food and Drug Administration (USFDA) has designated its Eugia Unit-III formulation manufacturing facility as "Official Action Indicated" (OAI). This regulatory finding comes after a recent inspection conducted by US authorities, impacting the operational outlook for one of the company's key facilities.The OAI classification signifies that observations were raised during the review process. The specific unit is operated by Eugia Pharma Specialities Ltd., a wholly owned subsidiary of Aurobindo Pharma and is located in...