Markets

Bharati Defence and Infrastructure Ltd to Hold Board Meeting to Approve Merger Scheme Bharati Defence and Infrastructure Ltd has scheduled a meeting of its Board of Directors to consider and approve a proposed Scheme of Merger/Amalgamation/Arrangement. The meeting is slated for Wednesday, June 17, 2026.The proposed scheme involves the merging companies, Exicom Technologies India Private Limited and Hind Simulation Training Private Limited, into Bharati Defence and Infrastructure Limited (Transferee Company).During the board meeting, which is set to take place on June 17, 2026, directors will consider the merger proposal. The Board also has the authority to address any other matters deemed necessary or incidental to the proposed...

Safe Enterprises Retail Fixtures Completes Acquisition of Remaining Stake in Subsidiary SERTPL Safe Enterprises Retail Fixtures Limited announced key outcomes from its Board of Directors meeting held on June 11, 2026, approving the complete acquisition of the balance equity stake in its subsidiary, Safe Enterprises Retail Technologies Private Limited (SERTPL), and formalizing appointments for the company's statutory and internal auditors.The acquisition aims to make SERTPL a Wholly Owned Subsidiary (WOS) of the Company. The proposed transaction involves acquiring 5.74% of SERTPL from promoter shareholders, including Mr. Mikdad Saleem Merchant, Mr. Huzefa Saleem Merchant, and Mr. Saleem Shabbir Merchant.The details concerning the...

Coram AI Secures $35 Million Series B to Accelerate AI Revolutionizing Physical Security AI-native physical security platform Coram AI has secured $35 million in a substantial Series B funding round. The round was co-led by Ansa Capital and Battery Ventures, boosting the startup’s total funding to $66 million. Existing investors, including UP. Partners, 8VC, and Mosaic Ventures, participated in the financing.The infusion of capital is set to dramatically accelerate AI product development across Coram's platform. The company also plans significant expansion of its go-to-market strategy and customer success teams. A key focus area will be scaling up engineering presence within India, specifically targeting Bengaluru.Expanding Global...

E2E Networks Limited to List 20 Crore Shares on BSE Starting June 12, 2026 E2E Networks Limited is set to begin trading its equity shares on the Mainboard Platform of the Bombay Stock Exchange (BSE). The company received approval for the Direct Listing of its shares, with the listing and trading scheduled to commence from Friday, June 12, 2026.The company will offer a total of 20,55,64,890 Equity Shares of Rs. 1/- each. These shares are slated for trading on BSE under the Scrip Code 544783.This listing marks the official transition of the company's equity into public trading activity on the exchange platform.Details concerning the direct listing approval and commencement are as follows:DetailSpecificationCompany NameE2E...

Shalimar Paints Reports FY2025-26 Results; Entity Faces Losses Amid Operational Turnaround Shalimar Paints Limited has reported its audited financial results for the fiscal year ending March 31, 2026. The company delivered both standalone and consolidated financial statements, reflecting a challenging period of operational performance against industry headwinds.The Board of Directors approved the Audited Financial Results (Standalone and Consolidated) for the financial year ended March 31, 2026, alongside the Audit Report from the Statutory Auditor.Standalone Financial Performance Snapshot For the fiscal year ended March 31, 2026, the standalone results show a net loss after tax of 63.34 crore. The company reported total income of...

Kontor Space Limited Approves Preferential Fund Raise and Key Corporate Appointments Kontor Space Limited has finalized several major corporate decisions, including the preferential allotment of equity shares and convertible warrants, along with approving significant appointments related to company governance. The Board meeting addressed capital raising initiatives, proposed key executive roles, and set dates for an upcoming Extraordinary General Meeting (EOGM).The company approved the issue, offer, and allotment of securities as part of a capital-raising exercise. Under this initiative, 16,85,000 Preferential Equity shares were allotted to non-promoters, while 13,15,000 Convertible Warrants were issued to both Promoter and...

Laxmi Cotspin Board Approves Strategic Changes, Announces Rights Issue of Up To ₹18 Crore Laxmi Cotspin Limited announced several significant operational and strategic decisions following a meeting of its Board of Directors held on June 11, 2026. The board addressed key changes in management and statutory oversight while approving the proposal for a capital infusion through a Rights Issue.The company noted the resignation of Mrs. Soni Shailesh Karwa from her role as Company Secretary and Compliance Officer (a Key Managerial Personnel), effective June 1, 2026. Furthermore, the board took note of the resignation of M/s. DMKH & Co., Chartered Accountants, which served as the statutory auditors.New Management and Statutory Appointments...

HCLTech Secures Leader Status in 2026 Gartner Magic Quadrant for Managed Network Services HCLTech, a leading global technology firm, has achieved sustained recognition by being named a Leader in the 2026 Gartner® Magic Quadrant™ for Managed Network Services (MNS). This marks the fifth consecutive time the company has attained this distinction.The company leverages its AI Force platform and Agentic AI capabilities to drive performance across automation, security, and service delivery within managed network services. Gurpreet Singh Kohli, Executive Vice President of Digital Foundation Services at HCLTech, stated that their strong execution capabilities, based on industry insights and client feedback, position the firm at the forefront...

Windsor Machines Limited Receives Listing Approval for 700,000 Equity Shares Allotted on Preferential Basis Windsor Machines Limited has received trading approval from both the National Stock Exchange of India (NSE) and BSE Limited regarding the allotment of 700,000 equity shares. The securities are set to be listed and admitted to dealings on the exchanges starting June 12, 2026.The company's equity shares, which were allotted to Promoters on a preferential basis through the conversion of warrants, have been approved for listing by both stock exchanges. These shares carry a face value of Rs. 2/- each and were issued at a premium of Rs. 189.85/-.The listing confirms the successful completion of the requisite approvals needed to...

Merchant Vessels Targeted in Persian Gulf: Marine Security Concerns Rise as India Assures Energy and Fertilizer Stock Strength Amid ongoing geopolitical complexities in West Asia, the Indian government released a comprehensive briefing detailing security updates for maritime nationals, fuel availability, and the robust status of domestic agricultural resources. The multi-ministry update affirmed that while challenges persist in the shipping lanes, essential resource supply remains strong and stable across key sectors like energy and agriculture.Maritime Security Updates and Crew Welfare The Ministry of Ports, Shipping and Waterways expressed deep concern regarding recent security incidents involving merchant vessels in the Persian...

Global Growth Decelerates: World Bank Warns Iran Conflict is Weighing on Markets, Projects Slower Trajectory The global economy faces significant headwinds amid the ongoing geopolitical tensions. The World Bank has issued a sobering assessment, indicating that the conflict involving Iran and related regional instability is set to slow worldwide economic momentum this year.The multilateral lender projects that the world's average growth will settle at 2.5% in 2026. This figure marks one of the weaker forecasts recorded since the intense disruption caused by the COVID-19 pandemic across global trade and economic activities.Global Economic Outlook Slumps Amid Geopolitical Uncertainty The instability stemming from the Iran conflict is...

IVP Limited Receives Order from Mumbai Port Trust Regarding Property Dispute IVP Limited has received an order passed by the Office of the Estate Officer, Mumbai Port Trust (MBPT), concerning a property dispute over its lease premises in Mumbai. The outcome details significant financial liabilities and ongoing legal challenges for the company, which is contesting the demands raised by MBPT.The conflict pertains to the company's lease agreement with Mumbai Port Trust. MBPT has been raising bills since September 2006 that contradict a Supreme Court order dated January 13, 2004. IVP Limited has disputed these revised rent demands and asserts that it is making payments strictly in accordance with the aforementioned Supreme Court order...

Retail Frenzy Ignites SpaceX IPO: Over $70 Billion in Orders Land as Record-Breaking Debut Nears Space Exploration Technologies Corp, renowned for its advancements in rocketry and artificial intelligence, is poised to make a monumental debut on the Nasdaq. The company's initial public offering (IPO) has witnessed unprecedented interest, attracting more than $70 billion in orders solely from retail investors, according to sources familiar with the matter.The IPO is set to be the largest of its kind, targeting an IPO size of $75 billion. If successful, this valuation would place SpaceX at approximately $1.8 trillion, based on its outstanding shares as documented in regulatory filings.Retail Demand and Potential Shortfall Retail...

India's 'Complementarity' Strategy: How FTAs and Infrastructure are Fueling Global Investment Boom Union Minister of Commerce and Industry Shri Piyush Goyal today underscored that India is deliberately leveraging Free Trade Agreements (FTAs) with developed economies not as a source of competition, but as a catalyst for mutual growth. Speaking at the 5th Annual Meeting of India Global Innovation Connect in New Delhi, the Minister stated that this strategic engagement aims to enhance global reach, attract foreign capital, boost innovation, and create substantial job opportunities across the country.FTAs Built on Complementarity, Not Competition Shri Goyal detailed how India’s international trade strategy is defined by complementarity...

Manam Chocolate Secures $9 Million in Series A Funding as Craft Brand Champions Indian Cacao Origin Premium craft chocolate maker Manam Chocolate has announced a significant milestone, raising $9 million (around Rs 77 crore) in a successful Series A funding round. The investment comes from agrifood-focused venture capital firm Omnivore and includes the participation of Turner Morrison, an existing investor in the company.The Hyderabad-based startup intends to deploy this fresh capital toward accelerating its ambitious expansion plans. Over the next twelve months, Manam Chocolate aims to launch new retail locations specifically within the Delhi-NCR region.Strengthening India’s Bean-to-Bar NarrativeManam Chocolate is built upon an...

Motisons Jewellers Completes Qualified Institutions Placement of Over 13 Million Equity Shares Motisons Jewellers Limited announced the successful closure of its Qualified Institutions Placement (QIP) on June 11, 2026. The Board of Directors confirmed the details regarding the issue of equity shares to eligible Qualified Institutional Buyers (QIBs).The company allocated a total of 13,57,46,600 Equity Shares under this placement. The determined issue price for these shares was set at ₹ 11.05 per Equity Share.Key financial details concerning the placement and allocation are summarized below:MetricDetailIssue Price₹ 11.05 per Equity ShareFloor Price₹ 11.58 per Equity ShareDiscount Amount₹ 0.5292 per Equity Share (4.57%)...

Wonderla Holidays Allocates 27,282 Equity Shares to Employees Wonderla Holidays Limited announced a significant operational update regarding its employee stock option scheme. The company's Board of Directors passed a circular resolution on June 11, 2026, concerning the allotment of equity shares to employees.As part of the Employee Stock Option Scheme 2016, Wonderla Holidays allotted 27,282 Equity shares. Each share carries a face value of Rs. 10/-.The allocation applies to employees who exercised their stock options under the specified scheme. The newly allotted shares are stated to rank pari passu with all existing Equity shares of the company in every aspect.WONDERLA Stock Price Movement Wonderla Holidays Limited shares shed...

Accord Synergy Limited Allots 4 Lakh Equity Shares on Preferential Basis Accord Synergy Limited has approved the allotment of equity shares on a preferential basis, granting 400,000 shares to Dr. Faruk Patel. The decision was formalized by the Company’s Board of Directors on June 11, 2026.Under the terms of the transaction, the Equity Shares were allotted for cash consideration at an issue price of ₹ 42.35 per share. Each equity share carries a face value of Rs. 10.The allotment further updated the issued and subscribed capital structure of Accord Synergy Limited. The company's total paid-up capital increased following the transaction, which included the issuance of the new shares.Key details regarding the change in capital are...

Shakti Pumps India Schedules Plant Visit for Investors and Analysts Shakti Pumps India Limited has scheduled a plant visit designed for investors and analysts, offering them an opportunity to interact with management and tour the company's facilities. The event is set to take place in Pithampur, Madhya Pradesh.The details of the interaction are as follows:Date & TimeParticularsLocationMode of InteractionJune 18, 2026, 10:00 AM - 5:00 PMPlant Visit with Multiple Investors/ AnalystsPithampur, Madhya PradeshPhysicalThe company has made the Investor Presentation publicly available on its official website. During the scheduled physical interaction, management will be referring to these publicly available documents while...

Anjani Portland Cement Begins Phased Brand Transition to Chettinad Across Group Entities Anjani Portland Cement Limited, a subsidiary of Chettinad Cement Corporation Private Limited (CCCPL), has initiated a gradual transition in the branding and marketing of certain cement products. This move forms part of a broader brand harmonization initiative across the group's cement vertical.The company has commenced the phased integration process, transitioning products currently branded as 'Anjani' to 'Chettinad Cement'. Simultaneously, CCCPL’s subsidiary, M/s Bhavya Cements Private Limited, is also undertaking a similar transition for its cement brand from 'Bhavya' to 'Chettinad'.This strategic branding alignment under the parent company...