Markets

Retail Inflation Edges Below 4% as May CPI Holds Steady Amid Food Price Jitters The Consumer Price Index (CPI) for May 2026 shows a consolidated inflation rate of 3.93%, indicating moderation in overall retail price increases. However, the underlying component of food prices remains elevated, with year-on-year food inflation reaching 4.78%. These figures provide critical insights into inflationary pressures across rural and urban markets for both general goods and specific commodity groups.Key Inflation Metrics for May 2026 The provisional data confirms that all India's combined CPI stood at 105.91, registering a 3.93% increase compared to the previous year (May 2025). This trend showed some differentiation between rural and urban...

Novus Loyalty Ltd Receives Unmodified Audit Report on Financial Results for FY2026 Novus Loyalty Ltd, previously known as Novus Loyalty Private Limited, has confirmed the receipt of an audit report concerning its financial results for the financial year ended March 31, 2026.The company's statutory auditors, L N Nangalya & Co., Chartered Accountants, have issued an Audit Report. The report provides an unmodified opinion on Novus Loyalty Ltd's Audited Standalone Financial Results for the fiscal year ending March 31, 2026.Stock Price Movement Novus Loyalty Ltd shares settled at ₹147.00 today, edging higher after gaining 0.68%. The stock experienced a wide intraday range, moving between a low of ₹140.00 and a high of ₹148.00.

Magadh Sugar & Energy Limited Announces Withdrawal of Resignation by Executive President Magadh Sugar & Energy Limited has announced that Mr. Vikas Chandra Tyagi, Executive President of the Sidhwalia unit, has withdrawn his resignation.The company confirmed that Mr. Vikas Chandra Tyagi will resume and continue in the role of Executive President for the Sidhwalia unit without any break in his services.MAGADSUGAR Stock Price Movement Today, shares of Magadh Sugar & Energy Limited slipped by 0.27% to settle at ₹449 following market close. The stock traded between a low of ₹441.90 and a high of ₹461.45, with a total volume of 8,503 shares exchanged today.

JSW Energy Commissions 150 MW Tidong Hydro Project, Boosting Total Installed Capacity to Nearly 13,900 MW JSW Neo Energy Limited, a wholly-owned subsidiary of JSW Energy Limited, announced the successful commissioning of the full 150 MW capacity of Tidong Power Generation Private Limited. This run-of-river hydroelectric power plant is located in the Tidong Valley within the Kinnaur district of Himachal Pradesh.The project was commissioned ahead of the previously guided timeline of October 2026, highlighting the company's execution capabilities. Tidong Power holds a long-term Power Purchase Agreement with Uttar Pradesh Power Corporation Ltd to procure 75 MW of power during the months spanning May to October at a tariff of ₹5.57/KWh...

ROHL Strengthens Spiritual Tourism Portfolio with Launch of Regenta Devarayah Tirupati Royal Orchid Hotels Ltd. (ROHL) has launched its new property, Regenta Devarayah Tirupati, through its subsidiary Regenta Hotels Private Limited. The hotel marks a significant expansion for Royal Orchid and is designed to cater to the demand for luxury accommodation in India's major pilgrimage destinations.The Regenta brand, which functions as an upscale 4-star offering, is focused on providing contemporary facilities and exceptional value. Positioned with the tagline 'Where Devotion Meets Comfort & Contemporary Luxury,' Regenta Devarayah Tirupati targets devout pilgrims, families, and business or leisure travelers.Strategically located in...

AXISCADES Technologies Divests Aerospace Engineering Services in Major Strategic Restructuring with Akkodis Group AXISCADES Technologies Limited, a technology and solutions provider in the Aerospace and Defence domains, has approved a strategic transaction involving the divestment of its Engineering Services business in the Aerospace industry. The business transfer involves several units—including CSTI and various global branches—to implement a joint venture and subsequent sale to Akkodis Group AG and its subsidiary, Akkodis India Private Limited.The transaction is part of AXISCADES' broader strategy to realign and re-deploy capital resources toward identified growth priorities in technology- and capability-led acquisitions and...

Compliance Watch: SEBI Releases Processing Status of Draft Schemes of Arrangement for Key Companies as June 12 Snapshot is Shared SEBI has released a comprehensive update on the processing status of various Draft Schemes of Arrangement, providing granular insight into the regulatory journey of several listed entities. The bulletin, effective as of June 12, 2026, details which companies are awaiting No-Objection (NOC) letters from stock exchanges and identifies those complex schemes currently under active review by SEBI.The document serves as a critical indicator for investors tracking corporate restructuring compliance across multiple sectors, ranging from technology to manufacturing and pharmaceuticals.Companies Awaiting Stock...

Scan Projects Limited, Chanderpur Industries Private Limited Merger: EGM Scheduled for July 2026 A significant strategic move in the industry is underway as Scan Projects Limited (SPL) and Chanderpur Industries Private Limited (CIPL) have announced an Extra Ordinary General Meeting (EGM) to seek approval for a comprehensive Scheme of Arrangement (Merger). The merger aims to combine the capabilities of both companies, leveraging SPL's market presence with CIPL's advanced manufacturing base.The EGM is scheduled for Saturday, July 18, 2026, at 11:30 AM IST. The meeting will be held in a Hybrid Mode, allowing participation through physical attendance at the registered office in Kanjnu, Haryana, as well as via Video Conferencing (VC) or...

Siddhika Coatings Limited Approves Statutory Auditor and Sets Record Date for Proposed Dividend Siddhika Coatings Limited announced key outcomes from its Board of Directors meeting held on June 12, 2026. The meeting approved the appointment of a statutory auditor for a multi-year term and set the record date for shareholders regarding the proposed Final Dividend for the Financial Year 2025-26.The company decided that M/s JKSS & Associates, Chartered Accountants, would serve as the Statutory Auditors. This decision was made based on the recommendation of the Audit Committee. The appointment is subject to the final approval of members at the ensuing Annual General Meeting (AGM).Auditor Appointment Details JKSS & Associates will hold...

Monarch Surveyors Secures Rs 5.25 Crore Contract for Land Housing Survey Project Monarch Surveyors and Engineering Consultants Ltd has secured a contract valued at Rs 5,25,00,000 to conduct land and housing surveys for Village Nandgaon, Kudawe, and Wadiwali under Town Planning scheme No. 11. The project was awarded by the City and Industrial Development Corporation (Maharashtra) Limited.The company received the Letter of Acceptance (LOA) for undertaking the survey work, which is categorized as a domestic contract.Details pertaining to the contract and the engagement with the client are summarized below:ParticularsDetailsClientCity and Industrial Development Corporation (Maharashtra) LimitedScope of WorkLand and housing...

Shah Metacorp Launches Rights Issue: Offering Up to 10.24 Crore Shares at ₹4.86 per Share Shah Metacorp Ltd has announced the launch of a rights issue, offering up to 102,468,139 fully paid-up equity shares at an issue price of ₹4.86/- per Rights Equity Share. This issuance is set to raise up to ₹4,980.00 Lakhs and is open to eligible equity shareholders in the ratio of 36 Rights Equity Shares for every 311 fully paid-up Equity Shares held on the record date, which was Wednesday, May 27, 2026.The Issue Opening Date is set for Thursday, June 11, 2026, with an Issue Closing Date of Wednesday, June 24, 2026. The allotment and credit of Rights Equity Shares are anticipated around Monday, June 29, 2026, followed by listing on or about...

Jayant Infratech Wins Major Contract from South East Central Railway Valued at ₹16.54 Million Jayant Infratech Ltd has secured a significant contract for railway overhead electrification works from the South East Central Railway, Bilaspur. The contract award, formalized through a Letter of Acceptance, totals INR 16,54,65,661.93 and is scheduled for execution by June 2027.The scope of work awarded to Jayant Infratech encompasses three main areas of overhead electrification projects across the S.E.C.Railway division in Raipur and Nagpur.The key components of the contract include:Electrification of the 4th Line between DLBS and Durg, covering approximately 17 TKM. This work involves both two phase (2x25 KV, 50HZA.C.) single Phase OHE...

Siddhika Coatings Limited Announces 16th Annual General Meeting, Declares Dividend and Approves Key Remuneration Packages Siddhika Coatings Limited has announced the schedule for its 16th Annual General Meeting (AGM) and detailed several key resolutions pertaining to financial statements, statutory appointments, and managerial compensation. The AGM is scheduled for July 11, 2026, and will address matters including dividend declaration and related party transactions approval.The company also confirmed the appointment of a new Statutory Auditor and provided comprehensive details regarding the remuneration structure for its senior management.AGM Schedule and Corporate Actions The Board set specific timelines for shareholders and...

Axiscades Divests Aerospace Engineering Services Business to Akkodis, Reshaping Focus toward Manufacturing and IP Axiscades Technologies Ltd has announced a strategic transaction involving the divestment of its Aerospace Engineering Services business to Akkodis, a global digital engineering consulting company. This move marks a significant transformation for AXISCADES, shifting its organizational structure from a services-led entity into a proprietary products and intellectual property (IP)-focused manufacturing platform across multiple high-tech sectors.The transaction is structured in two tranches. Initially, Akkodis will acquire a 51% controlling interest in the Aerospace Engineering Services business. The remaining 49% stake is...

Government Imposes Diesel Control Order as Bulk Diversion Sparks Retail Supply Alarm The Ministry of Petroleum and Natural Gas has issued a temporary regulatory order to manage the supply of Motor Spirit and High-Speed Diesel (HSD) through retail outlets across the country. This measure, valid for up to 90 days, aims directly at curbing black marketing and unauthorized hoarding of diesel by various unscrupulous elements.The regulations have been introduced following observations that large bulk consumers are improperly procuring and diverting substantial quantities of diesel from retail points. These actions have led to localized supply instability and potential disruptions for genuine retail customers and essential services...

LG Unveils AI Home Ecosystem Vision: Presenting a Roadmap to 'Zero Labor Home' LG Electronics India Ltd has shared its comprehensive vision for AI Home experiences, detailing a roadmap intended to transform residences into a "Zero Labor Home." The company is building an ecosystem centered on three core pillars designed not merely to connect devices but to understand household routines, anticipate needs, and proactively simplify daily life.Driven by 'Affectionate Intelligence,' LG's evolving ThinQ ecosystem aims to deliver personalized and seamless home experiences by combining advanced hardware and intelligent orchestration. Innovations like AI Wash™ 2.0 and other ThinQ-enabled appliances already available in India serve as...

Shakti Pumps Invests Rs 10 Crores in Subsidiary to Establish High-Efficiency Solar Manufacturing Plant Shakti Pumps (India) Limited has committed an investment of Rs 10,00,00,000 into its wholly owned subsidiary, Shakti Energy Solutions Limited. The capital infusion is designated for the establishment of a greenfield manufacturing plant in Pithampur, Madhya Pradesh. This new facility will be dedicated to high-efficiency Solar DCR cell and Solar PV modules production, targeting a substantial capacity of 2.20 GW.The investment comes as part of the company's strategy to expand its presence in renewable energy infrastructure. Shakti Energy Solutions Limited (SESL), which was incorporated on September 6, 2010, specializes in manufacturing...

Linde India Declares Dividend of Rs. 12 Per Share; Shareholders Urged to Update Tax Documents Linde India Limited announced a dividend declaration for its shareholders after a board meeting held on May 30, 2026. The company declared a total dividend of 120%, amounting to Rs. 12/- per equity share, which includes a special dividend component of 80% (Rs. 8/- per equity share).The dividend was declared on 85,284,223 equity shares of the company, each valued at Rs. 10/-. The company set the Record date for determining shareholder eligibility for this payment as Thursday, August 6, 2026. Shareholders whose names are reflected in the register of members on the record date will receive the dividend via electronic credit to their registered...

Frontier AI Leap: India Launches Varya, Cutting Video Generation Time by 92% and Paving Way for Affordable Content Scale Avtaar, an AI-native transformation company, has unveiled Varya, a powerful indigenous video story generating model. Developed under the auspices of the India AI Mission, Varya is specifically engineered to make frontier-level video creation affordable, accessible, and deeply relevant across India's diverse cultural landscape. This launch represents a significant step in building foundational AI capabilities within the country's deep-tech ecosystem.Making Frontier Video Affordable Through Technical Efficiency Varya introduces a transformative efficiency gain by radically optimizing the video generation process...

ICRA Reaffirms [ICRA]AAA(Stable) Issuer Rating for ICICI Lombard General Insurance Company Limited ICRA Limited has reaffirmed the Issuer Rating for ICICI Lombard General Insurance Company Limited (The Company), assigning a rating of [ICRA]AAA(Stable). This rating action was confirmed on June 12, 2026.The rating specifically concerns the Issuer Rating of The Company.InstrumentRated Amount (Rs. Crore)Rating ActionIssuer Rating-[ICRA]AAA(Stable); ReaffirmedTotal-This reaffirmed rating signifies ICRA's current opinion regarding the company. The rating is set to become due for surveillance within one year from the date of the rating communication letter.As per the agreement with ICRA Limited, the rating assigned is an...