Markets

SEBI Launches Massive E-Auction of Defaulter's Real Estate Portfolio Amid Regulatory Recovery Action The Securities and Exchange Board of India (SEBI) has initiated a high-stakes e-auction to liquidate immoveable properties belonging to Rich Infra Developers India Limited. This sale is part of recovery proceedings conducted under Section 28A of the SEBI Act, 1992, targeting the defaulted assets of the company and its associated directors.The sale presents a significant opportunity for investors interested in high-value commercial and agricultural land across Maharashtra and Punjab. The properties are being offered on an "as is where is" basis through the designated e-auction platform run by Quikr India Private Limited.Key Properties...

Mobavenue AI Tech Launches PiiX: An AI Platform Transforming App Store Searches into High-Quality Installs Mobavenue AI Tech Limited, a digital-first AI native technology company focused on consumer growth across advertising and marketing, has announced the launch of PiiX (π X). The new product is an advanced AI-powered growth intelligence platform purpose-built for Apple Search Ads, representing the company's first dedicated solution for the iOS ecosystem.PiiX enables app marketers to convert high-intent App Store searches into measurable installs by integrating machine learning, deep audience insights, and intelligent automation. It serves as a critical layer of growth intelligence across the entire Apple Search Ads acquisition...

Breakthrough Funding: Equal AI Surges with $30 Million Series B to Become India's Universal AI Assistant Consumer artificial intelligence startup Equal AI has secured a significant $30 million in a Series B funding round. The capital infusion comes from Prosus Ventures and Tomales Bay Capital, who co-led the investment. This move signals aggressive growth as Equal AI plans to expand its services far beyond specialized call management.The funding demonstrates escalating investor confidence in India's domestic AI ecosystem. Key investors participating include Think Investments, Valiant Fund, Meta India Vice President Sandhya Devanathan, and various founders from established Indian tech figures. The latest round follows a $10 million...

Hindustan Organic Chemicals Ltd Reopens Phenol Plant Following Completion of Statutory Testing Hindustan Organic Chemicals Ltd (HOCL) has announced the commercial reopening of its Phenol Plant located at the Kochi unit. The plant resumed operations with effect from June 12, 2026.The re-opening follows a period of temporary shutdown, which was necessitated to conduct statutory testing related to the BPCL LPG supply cross country pipeline. HOCL confirmed that the necessary testing has been completed and the facility is now back in full operational capacity for commercial production.Stock Price Movement At 12:09, shares of Hindustan Organic Chemicals Ltd are ticking down slightly, currently resting at ₹37.01, following a 0.32% drop in...

Baazar Style Retail Ltd Opens New Store in Gaya, Bihar; Total Stores Reaches 276 Baazar Style Retail Ltd has expanded its presence through a new store opening in Gaya, Bihar. The company confirmed the addition of this location, marking a significant step in its retail network expansion.With the opening of the latest outlet in Gaya, the total number of stores operated by Baazar Style Retail Limited now stands at 276.The company, which was previously known as Baazar Style Retail Pvt. Ltd., continues to grow its footprint across various regions through these strategic store additions.STYLEBAAZA Stock Price Movement Shares of Baazar Style Retail Limited are edging higher to ₹332.5 as of 12:14 PM today, gaining 1.42%. The stock traded...

NLC India Limited Declared Preferred Bidder for Critical Mineral Block in Telangana NLC India Limited has been declared the Preferred Bidder for the Parvathapur Vanadium, Titanium and Aluminous Laterite block located in Sanga Reddy, Telangana. The designation follows the critical mineral blocks E-auction conducted by the Ministry of Mines, GoI.The declaration places NLCIL as the preferred bidder for this strategic resource block following the auction held on June 11, 2026.NLCINDIA Stock Price Movement As of 12:13 PM, shares of NLC India Limited are edging higher to ₹316.65 as the stock gains 2.03% in live trading. The equity is seeing high interest, with over 5.78 million shares traded today and it maintaining a range between ₹311.6...

Jio Financial Services Executives Attend Institutional Investor Roadshow in San Francisco Jio Financial Services Limited executives participated in a focused institutional investors meeting organized by a third party. The engagement involved a non-deal roadshow, during which only information available in the public domain was discussed.The company representatives attended the event on June 11, 2026. The meeting provided an opportunity for interactions across different formats, as detailed below:DateType of Meeting/EventModeNature of MeetingJune 11, 2026Non-Deal RoadshowIn-Person (San Francisco)One-on-One / GroupDuring the institutional investors' meeting, the executives ensured that no unpublished price sensitive...

CBDT Unleashes Clarity: Global Firms Converge as Indian Tax Authorities Detail New Income-tax Act, 2025 Reforms CBDT and PwC Convene Massive Global Webinar on New International Taxation Framework The Income Tax Department (CBDT) and PricewaterhouseCoopers (PwC India) successfully hosted a large-scale webinar focused on the transition to the new Income-tax Act, 2025. The session, held on June 9, 2026, provided crucial insights into International Tax and Transfer Pricing aspects of the evolving Indian taxation landscape.The event served as a pivotal platform for mutual dialogue among global tax practitioners and government officials. Over 1,100 participants attended the webinar, representing various international jurisdictions. These...

North Eastern Carrying Corporation Limited Updates Corporate Identification Number (CIN) North Eastern Carrying Corporation Limited has confirmed a change in its Corporate Identification Number (CIN), following updates made by the Registrar of Companies. The revision reflects changes recorded in the official records and is now reflected in the Company's Master Data available on the Ministry of Corporate Affairs portal.The company stated that the CIN update details are now effective across corporate documentation and internal statutory records. North Eastern Carrying Corporation Limited is undertaking necessary steps to ensure the new CIN is updated across all relevant documents, letterheads, and corporate communications.The specific...

Tata Capital Ltd to Hold Board Meeting for Private Placement of Non-Convertible Debentures Tata Capital Ltd has announced that a meeting of its Board of Directors will be held to consider a proposal for issuing Non-Convertible Debentures (NCDs). The board meeting is scheduled for Wednesday, June 17, 2026.The primary agenda item for the gathering includes reviewing the plan to issue NCDs through a private placement basis. The debentures will be offered in one or more tranches.The issuance of the Non-Convertible Debentures remains contingent upon securing approval from the Shareholders.TATACAP Stock Price Movement Shares of Tata Capital Limited are climbing to ₹323 as of 11:56 AM today, having gained 0.51% in live trading. The stock...

Infomerics Assigns IVR BBB/Stable Rating to Niraj Cement Structurals' Proposed Long Term Banking Facilities Infomerics Valuation and Rating Ltd has assigned a credit rating to Niraj Cement Structurals Limited concerning its proposed long term banking facilities. The rating decision, made on June 10, 2026, reflects the company's financial and operational performance as reviewed by the rating agency.The assessment covered proposed financing facilities amounting to Rs. 5.00 Crore. Infomerics assigned the rating of IVR BBB/Stable to the instrument.A summary of the rated facility details is provided below:InstrumentAmount (Rs. Crore)Rating AssignedProposed Long Term Banking Facilities5.00IVR BBB /StableThe proposed long term...

Tata Motors Passenger Vehicles Announces Price Increase for Cars and SUVs, Effective July 1, 2026 Mumbai: Tata Motors Passenger Vehicles Ltd. (TMPV), a leading manufacturer of cars and SUVs in India, announced that it will increase prices across its entire passenger vehicle portfolio, including both internal combustion engine (ICE) vehicles and electric vehicles (EVs). The price revision is scheduled to take effect from July 1, 2026, with increases amounting to up to 1.5%.The company stated that the decision to implement a price adjustment was made to partially mitigate the effects of rising input costs and persistent inflationary pressures. While TMPV is absorbing a significant portion of these cost increases, some impact will be...

Punjab Chemicals Recommends Final Dividend of Rs 3 per Share for FY 2025-26; Outlines TDS Structure Punjab Chemicals & Crop Protection Limited has announced a recommended final dividend for the financial year ended March 31, 2026. The Board of Directors had proposed a dividend amounting to 30% or Rs 3.00 per equity share, against which the company plans to pay, subject to approval at the forthcoming Annual General Meeting (AGM).The dividend is based on a face value of Rs. 10/- per equity share. The company issued a communication to shareholders detailing the process for withholding tax on the dividend payment in accordance with relevant sections of the Income-tax Act, 2025.Tax Deduction at Source (TDS) Requirements The company...

Promoter Group Reduces Holding in Ironwood Education Ltd Following Share Disposal Ironwood Education Limited stock saw a reduction in promoter group holdings following the disposal of shares by Value Line Advisors Pvt Ltd on June 11, 2026. The transaction reduced the total shareholding of the Promoter and Promoter Group from 65.22% to 64.34%.The reported changes relate to the equity shares of Ironwood Education Limited. Prior to the disposal, the Promoter and Promoter Group held a total of 1,09,42,941 shares, representing 65.22% of the company's capital.The transaction involved Value Line Advisors Pvt Ltd, which acquired/disposed of 1,47,369 shares. Following this disposal, Value Line Advisors Pvt Ltd reported a holding of 1,48,888...

KNR Constructions Sells 99.90% Stake in Infra Subsidiary to Indus Infra Trust KNR Constructions Limited has completed the transfer of a significant equity stake in its subsidiary, KNR Ramagiri Infra Private Limited (KRIPL), to the publicly listed infrastructure investment trust, Indus Infra Trust.The transaction details indicate that KNR Constructions Limited sold 99.90%, which corresponds to 480,262 equity shares, of KRIPL to the purchaser. The company initially invested Rs. 82.75 crore into the SPV through a combination of Equity and Subordinated Debt. In exchange for this majority stake, KNR Constructions Limited received a consideration of Rs. 227.45 Crore from Indus Infra Trust.The balance equity shares, totaling 0.10% or 488...

Promoter’s Holding Increases at Tuni Textile Mills as Shares Are Transferred Following Inheritance The promoter group of Tuni Textile Mills Ltd has seen an increase in shareholding consequent upon the transmission of shares following the passing of Late Shri Prabhudayal Sureka. Pradeepkumar Sureka, a promoter of the company, acquired shares via off market transmission relating to his father's holdings.The acquisition details reflect that Pradeepkumar Sureka’s pre-acquisition holding stood at 51,15,500 shares, representing 3.916% of the total share/voting capital as of June 1, 2026. This stake included both voting rights and encumbered shares.The transaction involved an acquisition of 87,13,000 shares, accounting for 6.6699% of the...

Magnum Equity Ex-Top 100 Long Short Fund Launches: Seeks Capital Appreciation Beyond Mega Caps with Limited Derivatives Exposure Mumbai, 12/06/2026 - SBI Mutual Fund has introduced the MAGNUM EQUITY EX-TOP 100 LONG SHORT FUND (MAGNUM SIF), an open-ended investment strategy aimed at generating long-term capital appreciation. This new fund is designed to concentrate on equities outside the top 100 companies by market capitalization, while strategically utilizing limited short exposure through derivative instruments for enhanced risk management and return optimization.The launch of this Specialized Investment Fund (SIF) underscores a proactive approach towards mid-to-small cap opportunities, catering to investors seeking diversification...

L&T Shares Surge Amid US-Iran Deal Hopes, Driven by Strategic Exposure to West Asia Growth Larsen & Tatrob (L&T) saw significant gains on Friday, rising among the top stock gainers on the Nifty indices. The company's shares rose nearly 4 percent, buoyed by market optimism regarding a potential resolution to the ongoing conflict between the US and Iran. This bullish sentiment was fueled by statements made by President Donald Trump concerning negotiations.The stock witnessed strong buying interest throughout the day. At its peak, L&T reached an intraday high of Rs 4,009.80 on the NSE. However, some profit-booking activity near lunchtime slightly tempered these gains, with the stock trading at Rs 3,931.50 per share (up 1.8 percent)...

Silver ETFs Surge as Bullish Domestic Rally Overshadows Global Metal Weakness Exchange-traded funds tracking precious metals saw distinct gains on Friday, bucking the trend of weaker global bullion prices. Silver ETFs recorded significant surges, while gold ETFs also climbed despite spot metal facing headwinds and preparing for a weekly decline.Precious Metals ETF Performance Snapshot Silver ETFs led the charge, with several key funds gaining over 3 percent. Nippon India Silver ETF (SilverBeES) rose 3.05 percent to Rs 228.14 at around 11:20 am. ICICI Prudential Silver ETF also posted a strong performance, rising 3.05 percent to Rs 238.08. SBI Silver ETF advanced 3.02 percent to Rs 233.62, and the Tata Silver ETF climbed 3.11 percent...

SpiceJet Stock Surges as NCLT Rejects Pilot's Insolvency Plea Amid Global Energy Calm SpiceJet shares witnessed a significant rally on Friday, gaining nearly 5%, after the National Company Law Tribunal (NCLT) rejected a plea by a former employee to initiate insolvency proceedings against the airline. This development provided a buoyant lift to investor sentiment towards the financially strained carrier.NCLT Verdict Boasts Confidence in SpiceJet's Future The Delhi bench of the NCLT, comprising Judicial Member Mahendra Khandelwal and Technical Member Anu Jagmohan, officially dismissed the plea filed by Devesh Bbyan, a former SpiceJet pilot. Mr. Bbyan had claimed Rs 1.7 crore, citing unpaid employment dues spanning from March 2020 to...