Markets

Mukka Proteins Files Application for In-Principle Approval for Preferential Issue of Convertible Warrants Mukka Proteins Limited has submitted an application seeking in-principle approval from the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) regarding a proposed preferential issue of convertible warrants. The company is issuing up to 2,00,00,000 (Two Crore) Convertible Warrants at an issue price of Rs. 23.50/- per Warrant, aggregating up to Rs. 47,00,00,000/-.The preferential issuance is subject to receiving necessary approvals, including In-Principle Approval from the Stock Exchanges, and approval from the company's shareholders and other applicable regulatory bodies.Details of Proposed Preferential...

India Achieves Elite Status as DRDO Successfully Demonstrates Next-Gen Missile Defence Capabilities Defence Research and Development Organisation (DRDO) has made a significant stride in bolstering national security, successfully demonstrating multiple crucial technologies against advanced enemy threats. These tests solidify the nation's growing proficiency in multi-layered defence systems.Multi-Layered Ballistic Missile Defence Successfully Demonstrated Three consecutive flight tests were conducted on June 10 and 11, 2026, focusing on sophisticated missile defense capabilities. DRDO successfully demonstrated a system capable of intercepting long range ballistic missiles. The testing confirms the effectiveness of the indigenous systems...

Zero Shares Tendered in RBL Bank Open Offer by Emirates NBD Bank As of June 12, 2026, zero equity shares have been tendered in relation to the open offer initiated by Emirates NBD Bank (P.J.S.C.) for the acquisition of a stake in RBL Bank Limited. The tender count was recorded against the total offer size representing up to 415,586,443 equity shares.The Open Offer pertains to the acquisition of up to 415,586,443 equity shares of Rs. 10 each in RBL Bank Limited, which represents 26.00% of the Expanded Voting Share Capital. Emirates NBD Bank is the Acquirer in this transaction.According to statements received by the Manager to the Open Offer from Ventura Securities Limited as of the disclosure date, zero equity shares have been...

CreditAccess Grameen Limited Allots INR 100 Crore in Senior Secured Debentures via Private Placement CreditAccess Grameen Limited has approved the allotment of senior, secured, rated, listed, and redeemable non-convertible debentures (NCDs) amounting to INR 100 crore through a private placement. The issuance was finalized by the Company's Executive, Borrowings & Investment Committee during a meeting held on June 12, 2026.The issue comprises 10,000 such debentures, each having a face value of INR 1 lakh. This translates to an aggregate nominal value of INR 100,00,00,000. The company has successfully completed the allotment of these securities.Debenture Details and Tenure The issued debentures are senior, secured, rated, listed...

Belrise Industries Limited Announces Resignation of Head of Legal and Company Secretary Belrise Industries Limited has announced the resignation of Mr. Manish Kumar from his roles as Head of Legal and Company Secretary. The company confirmed that Mr. Kumar tendered his resignation due to personal circumstances and family commitments.Mr. Kumar's cessation from his duties was effective as of the close of business hours on June 12, 2026.The resignation was submitted on June 7, 2026.Key details regarding the change in Key Managerial Personnel (KMP) are as follows:ParticularsDetailsReason for ChangeResignationCessation Date/TermWith effect from closing hours of June 12, 2026BELRISE Stock Price Movement Belrise Industries...

Allied Blenders and Distillers Releases Sustainability Report, Highlights ESG Focus and Operational Resilience Allied Blenders and Distillers Limited (ABDL) has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26. The report outlines the company’s commitment to integrating Environmental, Social, and Governance (ESG) principles into its core operations as a leading player in India's alcoholic beverage sector.The BRSR marks a significant step in ABDL’s journey toward formalized sustainable value creation, detailing strategies across climate action, resource management, labor practices, and corporate governance.Corporate Snapshot and Business Scope ABDL operates across both domestic and...

SpaceX Stock Soars After IPO Debut, Marking Transformative Journey from Risky Beginnings to Mega-Rocket Ambitions Milestone Moments Defining the Trajectory of SpaceX After more than two decades since its founding, SpaceX made history with a record-high stock market debut on Friday. The company's journey is characterized by remarkable successes and catastrophic failures, solidifying its status as a transformative force in aerospace technology.Six years into its existence, SpaceX achieved a pivotal breakthrough in September 2008. Despite multiple initial rocket launch failures, the company successfully executed its fourth flight from a remote Pacific Ocean archipelago, securing necessary funding and stabilizing the organization...

SpaceX Soars Past Aramco and Tesla, Claiming Six Largest Global Company Status After Massive IPO Debut SpaceX achieved a monumental milestone in its market debut, surging over 30% and catapulting the rocket and satellite technology firm into global prominence. The stellar listing cemented SpaceX as the sixth-largest publicly traded company worldwide, driven by investor excitement for its diversified businesses in space launches, artificial intelligence, and satellite internet infrastructure.The highly anticipated public offering marked the culmination of Elon Musk's long-standing vision spanning deep space exploration and next-generation technology. With a valuation reaching approximately $2.3 trillion, SpaceX now rivals titans such...

Zaggle Prepaid Ocean Services Completes Acquisition, Securing Full Stake in Rivpe Technology Private Limited Zaggle Prepaid Ocean Services Limited has completed the acquisition of a significant stake in Rivpe Technology Private Limited, securing 100% ownership across both Equity and Compulsory Convertible Preference Shares (CCPS).The company acquired 16,407 CCPS of Rivpe Technology Private Limited. These shares holdings represented 100% of the CCPS stake within Rivpe Technology Private Limited, with each share having a face value of Rs 20/-.The acquisition of these CCPS from the existing holders was finalized on June 11, 2026. Following this transaction, Zaggle Prepaid Ocean Services Limited now holds a consolidated 100% stake...

SpaceX IPO Shatters Records: Stock Surges 19% As Musk's Billionaire Status Fuels AI Market Optimism SpaceX made history on its debut day, successfully completing a colossal $75 billion Initial Public Offering (IPO). The offering transformed the aerospace company into one of the world’s most valuable public entities. Buyers of the stock saw their shares rise by 19% at close, elevating founder Elon Musk to the status of a trillionaire.This record-breaking event offered a significant moment of relief for backers of Musk’s ambitious venture. It also provided a boost to the broader stock market, which has been driven higher throughout the year on rising optimism surrounding artificial intelligence (AI) growth potential. The listing serves...

Nippon India MF Boosts Stake in Sanofi as Biopharma Stock Continues Consolidation Trend Nippon India Mutual Fund has significantly increased its stake in Sanofi India, a key move observed through open market transactions on June 12. The purchase of additional equity underscores continued institutional interest in the biopharmaceutical sector, despite recent stock performance.The fund acquired 2.64 lakh shares, amounting to a 1.14 percent stake, for Rs 83.19 crore. This action occurred as the stock traded at a price of Rs 3,150 per share during the transaction.Institutional Trading Activity in Sanofi India The buying activity by Nippon was balanced by a sell-off from another major player. HDFC Life Insurance Company divested 2.75...

Ather Energy Approves Massive Fund Raise of Up To INR 2,500 Crores Through Securities Issuance Ather Energy Limited announced that its Board of Directors approved significant plans for raising funds through the issuance of various securities. The decisions were made during a board meeting held on June 12, 2026.The company has greenlit a proposed fund raise totaling up to INR 2,500 Crores in aggregate. This fund raising involves two primary components targeting different investor groups and methodologies.Under the first component, the Board approved the issuance of equity shares through a qualified institutions placement for an aggregate amount of up to INR 1,500 Crores. This part of the raise is subject to regulatory and statutory...

Archean Chemical Re-appoints Statutory Auditor and Extends Key Board Memberships Archean Chemical Industries Limited announced important corporate decisions following its general meeting on June 12, 2026. Shareholders considered and approved significant matters concerning the company’s statutory audit function and the continuation and re-appointment of key members to its board of directors.The company approved the re-appointment of M/S. PKF Sridhar & Santhanam LLP as the statutory auditors. The firm, which has been established since 1978, will serve for a second term of four consecutive years. This tenure runs from the conclusion of the current 17th Annual General Meeting until the conclusion of the 21st Annual General Meeting of the...

RBI Auctions ₹ 21,600 Crore in State Government Securities as Investor Demand Surge The Reserve Bank of India (RBI) has initiated a significant auction offering State Government Securities (SGS), providing investors and financial institutions an opportunity to acquire these vital debt instruments. The total aggregate face value offered across various states amounts to ₹ 21,600 Crore, marking a substantial event in the government securities market.The upcoming auction is set for June 16, 2026. This exercise involves multiple state governments offering both new stocks and re-issues of existing SGS, catering to varied investor needs concerning tenure and interest rates.State Participation and Securities Offerings A wide range of states...

JB Chemicals Announces Resignation of Executive Vice President of Supply Chain Management JB Chemicals & Pharmaceuticals Limited has announced a change in its senior management personnel following the resignation of Mr. Bhushan Sachdev.Mr. Sachdev has ceased his role as Executive Vice President - Supply Chain Management at the company. His cessation was effective from the closing of business hours on June 12, 2026. The reason for the transition is resignation.The details pertaining to this change in senior management personnel are provided below:Disclosure RequirementDetailReason for ChangeResignationDate of CessationWith effect from the closing of business hours of June 12, 2026The company confirmed the change in...

Mukka Proteins Limited to Raise Rs 47 Crore through Preferential Issue of Convertible Warrants Mukka Proteins Limited has approved the issue and allotment of up to 2,00,00,000 Convertible Warrants on a preferential basis. This move is intended to augment the company’s long-term financial resources for working capital requirements and business expansion initiatives.The warrants have been issued at an issue price of Rs. 23.50/- per warrant, aggregating up to Rs. 47,00,00,000/. The issuance is targeted exclusively toward non-promoter entities.Mukka Proteins Limited confirmed that the proposed issue does not result in a change in control and that all allotment proceeds will be utilized for the aforementioned corporate purposes...

SEBI Mandates Urgent Remittance to Recover Over ₹3.95 Crore from Defaulters in Continental Seeds Case SEBI Issues Formal Remittance Advice Against Three Proprietors over Outstanding Dues The Securities and Exchange Board of India (SEBI) has issued a formal Remittance Advice targeting three proprietors in the matter concerning Continental Seeds and Chemicals Limited. The action is directed against Mohd. Idrees, proprietor of Tirupati Enterprises, Momin Jahan, proprietor of Jahan Enterprises, and Mujaffar Khan, proprietor of Shiv Enterprises, among others.The notice mandates that banks and mutual funds holding accounts of these defaulters must remit the outstanding amount directly to SEBI. This directive is part of proceedings stemming...

MCX Incorporates Wholly Owned Subsidiary Company for Coal Sector Multi Commodity Exchange of India Ltd has expanded its corporate structure by incorporating a wholly owned subsidiary company, aimed at the coal sector.The new entity has been incorporated as a Public Company under the Companies Act, 2013. Its name is MCX Coal Exchange of India Limited.The incorporation was completed on June 11, 2026. This expansion signifies a focused move by Multi Commodity Exchange to solidify its presence and operations within the coal commodities market.MCX Stock Price Movement Multi Commodity Exchange of India Limited shares rallied on Friday, settling at ₹2853 after climbing 2.74% off the previous close. The equity experienced strong intra-day...

Biopol Chemicals Promoters Confirm No Encumbrance on Shares During Financial Year 2025-26 Promoter representatives of Biopol Chemicals Limited have confirmed that neither they nor any associated parties have made any encumbrances over their shares held in the company during the financial year 2025-26.The declarations were issued by several key members and entities within the promoter group, confirming that no direct or indirect encumbrance has been placed on the stock of Biopol Chemicals Limited during the specified financial period.The individuals and groups who provided these confirmations include:Santanu Sarkar Vedant Sarkar Vandan Vij Sarkar (Promoter Group) Sanjay Sarkar M/s Santanu Sarkar (Proprietorship)All declarations...

RBI Imposes Severe Restrictions on Mogaveera Co-operative Bank Over Financial Concerns Reserve Bank of India Issues Directions Against Mogaveera Bank Ltd. The Reserve Bank of India (RBI) has issued stringent operational directions against the Mogaveera Co-operative Bank Ltd., Bombay. These directives restrict almost all major financial activities of the bank, effective from June 12, 2026. The RBI action was taken under Section 35 A read with Section 56 of the Banking Regulation Act, 1949.The directions state that without prior written approval from the RBI, the bank cannot grant or renew any loans and advances. Furthermore, it is prohibited from making new investments, incurring liabilities including borrowing funds, or accepting...