Markets

Procter & Gamble Appoints Mohit Pradhan as Vice President for Feminine Hygiene Business Procter & Gamble Hygiene and Health Care Limited has announced a change in its senior management personnel, detailing the appointment of Mr. Mohit Pradhan as the new Vice President and Category Leader for the Feminine Hygiene Business.Mr. Mohit Pradhan is set to take over this role effective August 1, 2026. He joins the company with two decades of experience across various business roles at Procter & Gamble, specializing in growth, transformation, and organizational excellence within businesses spanning Asia Pacific, India, the Middle East, and Africa.Throughout his career, Mr. Pradhan has held numerous senior leadership positions involving...

Symphony Limited Management to Interact with ET Now on Company Business Overview Symphony Limited has announced that its management will engage in an interaction with ET Now regarding the company’s business overview. This session is scheduled for June 12, 2026.The scheduled interaction details are as follows:Business ChannelsDateET Now (English)June 12, 2026The company has noted that the date is subject to change, and the interaction may be postponed or cancelled by either the business channel or Symphony Limited due to exigencies. Further telecast details will be available on the Company’s official website.SYMPHONY Stock Price Movement Shares of Symphony Limited are edging higher to ₹664.15 as of 10:09 AM today, gaining...

Bank Nifty Surges Over 1% as HDFC Bank Leads Sector Rally; Market Indices Post Solid Gains Banking stocks were the dominant drivers in the market rally on Friday, pulling up benchmark indices and marking one of the best-performing sectors. The Bank Nifty index demonstrated robust strength, rising over 1 percent while every single constituent stock traded in the green. Heavyweight lenders like HDFC Bank, ICICI Bank, and State Bank of India were key contributors to this sectoral rise.Bank Nifty and Sectoral Performance Take Flight The momentum was evident across all banking segments. At 9:55 am, the Nifty Bank index climbed by 1.25 percent, reaching 55,867.40. This performance significantly surpassed the benchmark Nifty 50, which...

Gillette India Appoints Girish Kalyanaraman as VP and Category Leader for Grooming and Oral Care Business Gillette India Limited has announced a significant change in its senior management personnel, appointing Mr. Girish Kalyanaraman to lead the Grooming and Oral Care business, while also noting the cessation of roles for Kapil Sharma and Shailesh Sathyanarayanan.Mr. Girish Kalyanaraman will take up the position of Vice President and Category Leader for Grooming and Oral Care Business, effective July 1, 2026. His appointment comes following a distinguished career in consumer goods, including his tenure as Vice President and Category Leader for Feminine Care business at P&G India, where he led the Whisper brand.Mr. Kalyanaraman has...

ESAF Small Finance Bank crosses ₹50,000 crore in total business ESAF Small Finance Bank Limited has achieved a significant operational milestone, reporting that its total business has crossed the ₹50,000 crore mark as of June 11, 2026. The increase in scale highlights the bank's expanding presence and financial activity across multiple states.The key business parameters for ESAF Small Finance Bank as recorded on June 11, 2026, include substantial figures across total business, deposits, advances, and network size.Key business metrics of ESAF Small Finance Bank Ltd. on June 11, 2026:ParticularsAmount / CountTotal Business₹50029 croreTotal Deposits₹26197 croreGross Advances₹23832 croreNumber of Branches / Banking...

SEBI Imposes Massive ₹2.7 Crore Demand on Firm and 17 Individuals for Price Manipulation in Quasar India Stock The Securities and Exchange Board of India (SEBI) has issued a stringent Notice of Demand against M/s Chandrima Mercantiles Limited and seventeen other individuals. The action relates to alleged price and volume manipulation concerning the scrip of Quasar India Limited. This regulatory move highlights SEBI's zero-tolerance stance on market misconduct.The formal notice, dated 12/06/2026 and issued under Certificate No. 9155 of 2026, mandates a significant financial settlement from the designated parties. The enforcement action targets both corporate entities and individuals listed in the documentation for their alleged role in...

Sensex Surges Over 1000 Points! Global Markets React as US-Iran Peace Talks Ignite Investor Confidence The Indian domestic stock markets witnessed a strong rally on Friday, tracking positive momentum from other Asian exchanges. Key benchmark indices surged amid easing geopolitical tensions in the Middle East. The market gains were significantly bolstered by news related to potential diplomatic progress between the United States and Iran.Index Performance Snapshot: Sensex and Nifty Climb Strongly Both major domestic indicators climbed substantially during trading. At approximately 9:30 a.m., the Nifty finished up 242.15 points, recording a gain of 1.05 percent. The broader market index stood at 23,403.75.The benchmark Sensex also...

Explicit Finance Ltd Schedules Board Meeting to Appoint Independent Director Explicit Finance Limited has scheduled a meeting of its Board of Directors on June 16, 2026. The meeting, intended to discuss and resolve several corporate matters, will be held at the company’s registered office.The board agenda focuses specifically on governance and management structure. Key items slated for discussion include the appointment of an Independent Director to the company. Additionally, the agenda allows for any other business with the permission of the chair.Stock Price Movement Closing out trade on Tuesday, Explicit Finance Ltd saw its shares tick up by 1.05%, settling at ₹9.60. Throughout the session, the stock traded within a narrow range...

SEBI Cancels Investment Adviser Registration After Finding Grave Violations in Certification and Reporting Compliance New Delhi: The Securities and Exchange Board of India (SEBI) has issued a severe regulatory order, canceling the registration of Ms. Prerna Sharma as an Investment Adviser (IA). The decision stems from multiple findings related to the failure to maintain mandatory NISM certifications and the non-submission of required periodic reports.The comprehensive SEBI order, dated June 12, 2026, subjects the IA’s registration (Registration No: INA000007304) to immediate cancellation under Section 12(3) of the SEBI Act, 1992, read with Regulation 30A of the SEBI (Intermediaries) Regulations, 2008.Key Violations Regarding NISM...

Oil Price Plunge Sparks Massive Rally: Airlines and Fuel Stocks Surge as Brent Dips Below $90 Shares of crude-oil sensitive companies surged sharply in early trading on Friday, driving a broad market rally. The sharp decline in global crude oil prices boosted sentiment across several key sectors. IndiGo saw stocks climb over 3 percent, while state-run fuel retailers such as HPCL and BPCL posted gains around 3 to 4 percent.At the morning session, the Sensex rallied strongly, rising by 971 points or 1.3 percent to reach 74,803.93. The Nifty followed suit, gaining 276 points (1.2 percent) and reclaiming the 23,437.65 level. Market breadth confirmed the positive trend, with a large majority of stocks advancing against only a few declines...

Mobavenue AI Tech Launches PiiX, An AI Platform Designed to Convert App Store Searches into High-Quality Installs Mobavenue AI Tech Limited (MATL), a digital native technology company focused on advertising and consumer growth, has launched PiiX (πX). This new AI-powered growth intelligence platform is the company's first dedicated solution for the iOS ecosystem, specifically designed to help app marketers translate high intent App Store searches into quality installs predictably and efficiently.PiiX addresses the core challenge faced by app marketing teams: effectively scaling the management of Apple Search Ads. The platform automates critical decisions in the acquisition funnel, ranging from bidding and keyword expansion to creative...

Exhicon Events Media Solutions signs Heads of Terms for Convention and Event Venue Project in Nashik Exhicon Global Development Private Limited, a wholly owned subsidiary of Exhicon Events Media Solutions Limited, has signed Heads of Terms with landowners to develop and operate a new Convention and Mixed Event Venue project located in Nashik, Maharashtra.The proposed development is situated on approximately 9,775 square metres (about 2.4 acres) of land in Panchwati, Nashik. The plan includes comprehensive facilities such as convention areas, event lawns, exhibition and conference infrastructure, administrative facilities, parking, food & beverage areas, and other supporting amenities.The project is designed to cater to a wide range...

Asian Equities Surge on Iran Deal Hopes, Marking Strongest Rally in Two Months Asian financial markets rallied strongly on Friday after investors welcomed indications of potential diplomatic progress between Washington and Tehran. The surge reflected a sharp improvement in risk appetite, reversing months of volatility driven by geopolitical concerns that had deeply affected global commodity prices.Geopolitical Easing Fuels Asian Market Surge MSCI's broad Asia-Pacific equity gauge climbed 3.1 percent, marking its strongest advance in two months. South Korea's Kospi led regional gains with a powerful 7.7 percent rally, bolstered by significant buying activity across technology and artificial intelligence linked stocks. This sentiment...

Flair Writing Industries Reports Strong FY25-26 Performance, Expands into Wooden Pencil Manufacturing Segment Flair Writing Industries Limited (FWIL) has reported accelerating momentum and strategic expansion in its fiscal year 2025-26, positioning the company as a significant player in the pencil category while maintaining leadership in mechanical pencil markets. The company built upon strong performance in its niche segment and made a decisive move into wooden pencil production to strengthen its overall presence in the writing instrument industry.The FY25-26 journey saw Flair achieve notable traction in the Mechanical Pencil category, recording sales of approximately 147 million pieces, demonstrating growing consumer preference for...

SpaceX Nasdaq Debut: What Indian Investors Must Know Before Targeting the ₹1.77 Trillion Valuation The highly anticipated Initial Public Offering (IPO) of SpaceX, set to launch on NASDAQ on June 12, is poised to be one of the largest in financial history. The listing plans to raise $75 billion at a fixed price of $135 per share, which pegs the company’s valuation at an immense $1.77 trillion. This landmark event has captured global attention, opening potential avenues for retail investors worldwide.Navigating SpaceX IPO: Eligibility and Investment Pathways For Indian residents interested in participating in this massive offering, investing in US-listed stocks is permissible under the Liberalised Remittance Scheme (LRS). The Reserve...

Womancart Launches 'Try & Buy at Home' Service Across Delhi NCR to Boost Customer Confidence Womancart Limited has introduced its new 'Try & Buy at Home' service across the Delhi NCR region, fundamentally changing the online shopping experience by allowing customers to try products in the comfort of their homes before committing to a purchase.The initiative enables Womancart customers to browse and select various products through the company platform. These items are then delivered directly to the customer's doorstep for trial. This service allows shoppers to evaluate the fit, style, colour, and suitability of goods before making a final purchasing decision.Designed to bridge the gap between digital convenience and physical retail...

GIFT Nifty Jumps Over 250 Points as Peace Hopes Ignite Rally; Oil Falls amid Middle East Diplomacy Breakthrough Indian equity markets are set for a powerful opening on Friday, buoyed by surging global risk sentiment and the dramatic fall in crude oil prices. The market-leading indicator, GIFT Nifty, saw a massive jump of 255 points or 1.1 percent, reaching 23,455 at around 8:05 am. This sharp upward move suggests that the Nifty 50 is likely to open significantly higher than Thursday’s closing level of 23,161.60.Global Risk Appetite Surges on Geopolitical Easing The dramatic shift in market sentiment stems from positive developments regarding international tensions. U.S. President Donald Trump indicated that a peace agreement with Iran...

Elon Musk Soars to TrillionAIRE Status After SpaceX Rockets through $75 BILLION IPO Elon Musk, a figure equally rooted in internet culture and extreme enterprise, has achieved the unprecedented milestone of becoming one of the world's first trillionaires. The massive investor enthusiasm for his ventures culminated on Thursday when SpaceX successfully raised a record $75 billion in its initial public offering (IPO). This historic event cemented the immense scale of Musk’s empire, which now includes multiple disruptive enterprises across space and technology.While some critics have targeted him for oligarch-like power or his political interventions, admirers view his no-filter approach as integral to his appeal. The surge in valuation...

Gold Price Surges Amid Iran War Fears as Global Markets Brace for Higher Prices The gold market witnessed a significant upward movement in early trading, driven primarily by geopolitical tensions surrounding the ongoing situation with Iran. Global uncertainty has propelled safe-haven assets, pushing both gold and silver to higher levels across international exchanges.International Spot Prices Rally on Geopolitical Tensions International spot gold prices saw a marked increase, rising 2.56 percent in early trading. The metal traded at $4,219.40 per ounce. Meanwhile, silver also rallied strongly, inching up 5.04 percent in the last 24 hours to reach $67.22 per ounce in early Comex trade.This rally highlights the market's heightened...

Kospi Surges Over 8% as Iran Deal Hopes Ignite Global Risk Rally and Chip Stock Boom The South Korean equity market saw significant gains after news broke regarding US progress towards a settlement with Iran. President Donald Trump announced that the United States was nearing an agreement with Iran to cease hostilities. This development fueled a rally across Wall Street and boosted risk assets broadly.Chip stocks led the surge in the benchmark Kospi Index, which rose as much as 8% during early morning trading. The movement underscored the inherent volatility characteristic of South Korea's $4.3 trillion equity market.Tech Dominance Drives Stock Market Rally Key semiconductor giants experienced massive increases on Friday following...