Markets

Government Unleashes ₹46,000 Crore Investment in Coal Gasification to Drive Atmanirbhar Bharat Ministry of Coal Accelerates Value Addition with Major Gasification Roadshow The Ministry of Coal successfully concluded a major Roadshow on Coal and Lignite Gasification Projects in Hyderabad, signaling a massive push towards the transformation of India's resource base. The event gathered industry leaders, investors, technology providers, and representatives from various government levels to discuss creating a robust coal gasification ecosystem.Union Minister of Coal and Mines, Shri G. Kishan Reddy, presided over the gathering, emphasizing that coal gasification represents a pivotal opportunity for India’s industrial future. He noted that...

Amir Chand Jagdish Kumar Appoints Collective Artists Network as Official Celebrity Engagement Partner Amir Chand Jagdish Kumar (Exports) Limited, a leading exporter and marketer of premium FMCG products, has announced a significant strategic partnership by appointing M/s. Collective Artists Network as its official celebrity engagement partner. This collaboration is set to bolster the company's brand visibility and enhance consumer engagement across both domestic and international markets.The appointment of M/s. Collective Artists Network signifies a focused effort by the Company toward strengthening its market presence while continuing its long-term growth initiatives. As a SuperStar Trading House and Rice Millers & Exporters, Amir...

Institutional Surge: Goldman Sachs and Key Funds Snap Up 3.9% Stake in GNG Electronics Amid Promoter Sale Institutional investors, including global players like Goldman Sachs, have aggressively acquired a substantial stake in GNG Electronics. Eight key domestic and international firms finalized the purchase of a 3.9 percent stake from the promoter through block deals on June 11. This significant institutional interest fueled a rally for the leading laptops and desktops refurbisher.GNG Electronics shares saw a strong appreciation, rallying by 6.6 percent to reach Rs 418.55 amid high trading volumes on the National Stock Exchange (NSE). The transaction involved promoter Vidhi S Khandelwal selling 44.87 lakh shares, representing 3.93...

AdaniConneX Acquires 100% Stake in Madhuvanti Build Estate for INR 765.25 Crores AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises Ltd, has acquired a 100% equity stake in Madhuvanti Build Estate Limited (MBEL). The acquisition was completed at a purchase consideration of INR 765.25 crores from the seller, Adani Infra (India) Limited.The objective of ACX in acquiring MBEL is to set up infrastructure facilities.Key Details of the AcquisitionMadhuvanti Build Estate Limited is an entity incorporated in India and registered with the Registrar of Companies, Gujarat. It was established on November 11, 2019, with the object of carrying out infrastructure development activities. Although MBEL has yet to commence...

Integra Essentia Ltd Approves Allotment of Rights Issue Shares; Paid Up Capital Rises Integra Essentia Ltd has announced the successful allotment of equity shares under its Rights Issue, following approval by its Board of Directors on June 11, 2026. The decision was made subsequent to the Letter of Offer (LOF) dated May 14, 2026.The company approved the allotment of 68,75,92,710 Fully Paid-up Rights Equity shares to eligible applicants. These shares were issued at a price of Rs. 1.45 per Right Equity share, carrying a face value of Re. 1 per share. The issue included a premium of Rs. 0.45 per share.The core details of the rights issue allotment are as follows:DetailValueTotal Shares Allotted68,75,92,710Face Value Per...

Manglam Global Completes Major Board Meeting: Approves Capital Increase, New Auditor Appointment and Financial Facilities Manglam Global Corporations Ltd., formerly Kshitij Investments Limited, concluded its Board of Directors meeting on June 11, 2026. The meeting saw several key corporate decisions, including the appointment of a new Statutory Auditor, approval for an increase in authorized share capital, and ratification of significant financing agreements and related party transactions.The board approved the Annual Report and the notice for the upcoming Annual General Meeting (AGM) for the financial year 2025-26. The AGM has been scheduled to take place on Wednesday, July 8, 2026, utilizing Video Conferencing (VC) or Other Audio...

Sagility Acquires CareSeed to Accelerate AI-Led Quality Operations in Healthcare Sagility, a leader in technology and AI-led healthcare operations and transformation, has acquired CareSeed, a U.S.-based healthcare analytics company specializing in quality reporting for health plans. This acquisition marks a strategic expansion of Sagility’s capabilities within healthcare quality management and Stars performance enhancement.CareSeed, established in 2012 and based in Kansas City, Missouri, specializes in NCQA-certified HEDIS quality reporting, medical record review, chart abstraction, and regulatory analytics for health plans. The company serves a base of 30 small and mid-sized U.S. payers, holding a strong presence within the Medicare...

CreditAccess Grameen Appoints Devika Praveen as Chief Compliance Officer CreditAccess Grameen Limited, India's leading rural-focused inclusive financing platform, has announced the appointment of Mrs. Devika Praveen as its Chief Compliance Officer (CCO), effective June 11, 2026.Mrs. Devika Praveen brings nearly three decades of experience in banking and financial services to the role, specializing in regulatory compliance, governance, anti-money laundering (AML), policy management, compliance testing, and Board-level oversight. Prior to joining CreditAccess Grameen, she served as Deputy Chief Compliance Officer at Slice Small Finance Bank.Her distinguished career includes senior leadership roles across several prominent financial...

JK Paper Increases Stake in Borkar Packaging Private Limited Following Share Acquisition JK Paper Limited has substantially increased its ownership stake in Borkar Packaging Private Limited (BPPL) following a recent acquisition of equity shares, bringing its holding to 87.36%.The company acquired 40,08,899 equity shares of BPPL, each having a face value of Rs. 10/-. This transaction was executed in accordance with the terms set out in the Share Purchase Subscription and Shareholders Agreement dated July 28, 2025.Prior to this specific acquisition, the purchased shares represented 15.40% of the total paid-up share capital of BPPL. Following the completion of the transaction on June 11, 2026, JK Paper Limited’s combined shareholding...

CreditAccess Grameen Limited Appoints Devika Praveen as Chief Compliance Officer CreditAccess Grameen Limited has appointed Ms. Devika Praveen as its new Chief Compliance Officer, effective June 11, 2026. The appointment signifies a strengthening of the company’s compliance and governance structure, according to the details provided.Ms. Praveen brings extensive experience spanning nearly three decades in the banking and financial services sector. Her expertise encompasses regulatory compliance, policy management, anti-money laundering (AML), regulatory supervision, compliance testing, and Board-level oversight.Prior to joining CreditAccess Grameen Limited, Ms. Praveen served as the Deputy Chief Compliance Officer at Slice Small...

Sensex Edges Down As Geopolitical Tensions Weigh On Equities; DII Rally Offers Counterbalance to FII Selling The Indian stock markets saw a mixed day on June 11, with the BSE indices registering slight declines as foreign institutional investors (FIIs) net sold significant shares worth nearly ₹2000 crore. This selling pressure was partially offset by robust buying activity from domestic institutional investors (DIIs), who significantly added to their holdings during the session.While the market registered a marginal dip, the flow data revealed intense divergence in investor behavior between foreign and domestic entities, setting a backdrop of near-term volatility for the equity markets.FII vs DII: Snapshot of Institutional Flows...

Sagility LLC Acquires Healthcare Analytics Firm Careseed in US$30 Million Deal Sagility LLC, a step-down subsidiary of Sagility Limited, has acquired Careseed LLC, expanding its capabilities within the healthcare analytics and technology sector. The definitive agreement for the acquisition was signed on June 11, 2026.The transaction is designed to strengthen Sagility's strategic position in providing healthcare analytics services, particularly focusing on quality measurement and risk adjustment solutions. By acquiring Careseed, Sagility gains a proven, NCQA certified HEDIS reporting platform and access to a base of 30 mid-sized U.S. health plans. This move allows Sagility to expand into STAR performance management and care gap closure...

Vilin Bio Med Limited announces CFO resignation effective June 11, 2026 Vilin Bio Med Limited has announced the resignation of its Chief Financial Officer, Mr. Avula Hariprasad. The resignation is set to take effect from the closing of business hours on June 11, 2026.Mr. Avula Hariprasad tendered his resignation due to personal reasons and other engagements requiring his attention. This move marks a change in the senior management team of the company.Key details regarding the resignation have been provided by the company. The information highlights the cessation of Mr. Hariprasad from the CFO role on the specified date.The essential particulars of the transition are as follows:ParticularsDetailsName of KMPMr. Avula...

Jetking Infotrain Incorporates Wholly-Owned Subsidiary in United Arab Emirates Jetking Infotrain Limited has expanded its international operations by incorporating a wholly-owned subsidiary outside India. The company successfully incorporated Jetking Limited in the United Arab Emirates (UAE).The incorporation of this new entity, named Jetking Limited, occurred on June 11, 2026. This move signifies the expansion of Jetking Infotrain's presence into the international market through its subsidiary in the UAE.Stock Price Movement Jetking Infotrain Ltd settled at ₹104.80 on Thursday after shares slipped 2.96% in post-market trading. The stock experienced volatility throughout the session, testing a low of ₹104.20 but managing to reach an...

RBL Bank Open Offer Update: 0 Shares Tendered Against Total Offer Size of Over 415 Million On June 11, 2026, a disclosure was made regarding the open offer for RBL Bank Limited. The tender status indicated that zero equity shares were tendered against the total offer size put forth by the Acquirer, Emirates NBD Bank (P.J.S.C.).The open offer involves the acquisition of up to 415,586,443 equity shares of Rs. 10 each from public shareholders. These shares represent 26.00% of the Expanded Voting Share Capital of RBL Bank Limited (the Target Company).According to the statement received by the Manager to the Open Offer from Ventura Securities Limited, as of June 11, 2026, zero Equity Shares, which constitute 0.00% of the total Offer...

Master Components Limited Secures International Order for Thermoset Injection Molds worth EURO 25,000 Master Components Limited has received a purchase order from an international company for the supply of thermoset injection molds. The contract value is approximately EURO 25,000 excluding tax.The details of the order, secured by Master Components Limited, indicate that it involves an international client and pertains to the manufacturing and supply of specialized industrial equipment.Key terms and conditions outlined in the purchase order include a payment structure based on milestones. The agreement specifies that 50% of the consideration is due as advance payment. An additional 30% is payable against T1 Trial samples, with the...

Master Components Secures International Order for Supply of Thermoset Injection Molds Master Components Limited, formerly known as Master Components Pvt Limited, has secured a significant purchase order from an international entity for the supply of thermoset injection molds. The contract details indicate a substantial deal for the company's specialized manufacturing capabilities.The newly received order specifies the terms and conditions for the supply. The transaction involves an international customer, confirming the company’s reach in the global market. The total value of the purchase order is approximately EURO 25,000, excluding tax.The deal structure includes defined payment milestones to be completed upon execution. Master...

Government Promoter Sells Stake in NLC India Limited; Details of OFS Disclosures Emerge NLC India Limited, a key Navratna enterprise, has disclosed significant details regarding the sale of equity shares by the Government of India. The transaction pertains to an Offer for Sale (OFS) executed over two days. This strategic divestment by the Ministry of Coal highlights continuous changes in promoter holdings.Details of Equity Share Sale by Promoter The disclosure made under SEBI PIT Regulations, 2015, details the sale of equity shares through a formal Offer for Sale mechanism. The promoter entity is The President of India, acting through and represented by the Ministry of Coal, Government of India.The initial holding of this promoter...

BCPL Bags Rs 28.92 Million Contract for Electrical Works under Eastern Railway Kolkata, June 11, 2026: BCPL Railway Infrastructure Limited has secured a project valued at Rs 28.92 million from the Eastern Railway concerning vital electrical works in its Sealdah division. The contract involves the provision of services for 25 KV PSl and allied Electrical Works under the "SDAH Division: Replacement of overaged Capacitor Bank at Titagarh/FP and Sonarpur/FP and associated PSI works."The order, received on June 11, 2026, is a domestic contract with Eastern Railway. The project scope is defined by the Letter of Acceptance (LOA Ref No. SEALDAH DIVISION-ELECTRICAL/ELD300-WC-31-2025-26/00904200159837) and is scheduled for completion within 12...

President of India through Ministry of Coal completes Offer for Sale of NLC India Limited Equity Shares NLC India Limited saw a significant transaction as The President of India, acting through and represented by the Ministry of Coal, Government of India, sold equity shares under an Offer for Sale (OFS). The disposition was conducted over a two-day period between June 9, 2026, and June 10, 2026.The transaction involved the sale of Equity Shares of NLC India Limited, generating a gross consideration of approximately 12,24,98,34,704.07. The sales process utilized the stock exchange mechanism, with trading executed on both the National Stock Exchange of India Limited and BSE Limited.The details regarding the change in holding for the...