Markets

Jeena Sikho Lifecare Ltd. Announces Plan for New Day Care Clinic in Ayodhya Jeena Sikho Lifecare Limited has announced plans for a strategic expansion of its healthcare services, including the establishment of a new Day Care Clinic in Ayodhya, Uttar Pradesh. This initiative is set to enhance the company's network and aim to deliver quality Panchakarma services to a broader populace.The proposed clinic will be situated at 5/13/62 Khwashpura, near Punjab National Bank on Ram path road in Ayodhya (U.P.), and it is estimated that the facility will commence operations by August 2026. The new center is allocated an approximate area of 2300 sq. ft.The expansion reflects Jeena Sikho Lifecare Limited's ongoing efforts to strategically grow...

Narmada Agrobase Ltd Board Meeting Scheduled To Discuss Rights Issue Variation and Auditor Appointments Narmada Agrobase Ltd has scheduled a meeting of its Board of Directors to consider several key operational and financial matters, including the variation of objects related to a recent rights issue and the appointment of auditors.The Board of Directors meeting is set to take place on Tuesday, June 16, 2026, at 03:00 pm (IST). The meeting will be held at the company's corporate office located in Ahmedabad, Gujarat.The agenda for the meeting includes reviewing and approving critical items related to the company's future operations and governance. These agenda items cover updates on share capital utilization, financial reporting...

Frog Innovations Limited Approves Purchase of Land and Building for Expansion Frog Innovations Limited has approved the acquisition of land along with a constructed building in Noida, Uttar Pradesh, to support its business expansion plans. The decision was taken by the company's Board of Directors during a meeting held on June 11, 2026.The property being acquired is located at C-22, Sector 80, Noida, UP 201305. The asset includes approximately 4000 square meters of leasehold land and the existing building structure.The total consideration for this acquisition is Rs. 34.51 crores, excluding incidental expenses such as registration charges. This transaction will be funded through a combination of internal accruals and debt funding...

Capital Group Plunges Exposure by Two-Thirds as Global Funds Trim India Stakes Amid Sector Focus Shift Capital Group, the world's largest active fund manager with $3 trillion in assets, has significantly reduced its holdings in Indian equities over the past two years, according to data analyzed by Moneycontrol. This dramatic shift in portfolio strategy highlights a wider trend among major global investors.As of March 2024, Capital Group held Indian shares worth ₹92,857 crore. This figure represents a substantial decrease compared to its holdings just two years prior. Furthermore, the fund's investment size shrank by 28% in FY26 alone, dropping from ₹41,056 crore.The reduction in exposure has caused Capital Group to fall down the...

SpaceX IPO Set to Rock Markets: $1.75 Trillion Valuation and Critical Answers on Listing Details Elon Musk's rocket and satellite powerhouse, SpaceX, is rapidly approaching one of the most anticipated financial events in history. The company is preparing for a monumental listing that aims to raise substantial capital while affirming its status as a global technology behemoth. This IPO promises to be a major benchmark for tech valuations worldwide.Listing Details and Massive Valuation SpaceX shares are slated to begin trading on the Nasdaq on June 12, 2026, under the ticker symbol SPCX. The company is expected to complete its investor roadshow this week, with the formal pricing scheduled for June 11. This highly anticipated listing...

NLC India Ltd Signs MoU with CSIR-CECRI for Critical Mineral Beneficiation Technologies NLC India Limited (NLCIL) has signed a Memorandum of Understanding (MoU) with the CSIR-Central Electrochemical Research Institute (CSIR-CECRI), Karaikudi. The agreement, formalized on June 10, 2026, at Neyveli, aims to foster collaboration in critical and strategic minerals beneficiation and extraction technologies, significantly advancing the objectives of the Government of India's National Critical Mineral Mission.The MoU was signed by Shri I.S. Jasper Rose, Executive Director (Mines & Land), NLCIL, and Dr. K. Ramesha, Director of CSIR-CECRI. Present during the signing were Prasanna Kumar Motupalli, Chairman and Managing Director, NLCIL...

PFC, REC Shares Slip as Presidential Approval is Granted for Proposed Merger Plan Power finance giants Power Finance Corporation (PFC) and REC Ltd saw their shares decline on Thursday following the official approval of the proposed merger plan by the President of India. Despite the government moving significantly closer to consolidating both key lenders, both stocks traded lower in afternoon sessions. PFC shares fell up to 4.2 percent, hitting Rs 413.40, while REC dropped 3.6 percent, settling at Rs 336.40.Stock Performance After Merger ApprovalThe announcement of the merger's presidential approval did not translate immediately into a rally for market participants. Both companies informed stock exchanges on Wednesday regarding the...

Indian Hospitality Sector Surges on Robust Demand; Faces Volatility Amid Geopolitical Risks India's hospitality sector completed a robust Q4FY26, demonstrating strong operational performance driven by domestic travel and premium demand. However, earnings calls reveal a more balanced near-term outlook for FY27 as geopolitical tensions in West Asia introduce significant uncertainties regarding global air connectivity and consumer sentiment.While the industry is currently reaping benefits from high room rates and steady occupancy, management has cautioned that disruptions linked to the ongoing Iran-Israel conflict could temporarily slow demand during the first half of the next fiscal year.Q4FY26 Performance Highlights for India's...

Atmastco Secured Rs 15 Crore Work Order for Supplying Pre-fabricated Structure Atmastco Limited has secured a commercial work order valued at Rs 15.00 Crores from M/S. Megha Engineering & Infrastructures Ltd. The contract involves supplying pre-fabricated structures and related components for a significant energy project in Rajasthan.The newly awarded contract mandates the supply of specific structural elements, including Piperack 10C and Ducting/supporting structure for Boilers. These items must be supplied with finish paint, conforming to approved drawings for the 2075-10A CFBC PKG at HRRL, Rajasthan.This domestic commercial order represents a substantial contract award for Atmastco Limited. The terms of the agreement are...

Almondz Global Securities Positioned for Growth Amid India's Ethanol Policy Shift New Delhi, June 11, 2026 - Almondz Global Securities Limited (AGSL) is strategically positioned in the renewable energy sector following the Government of India's decision to exempt petrol blended with 22% to 30% ethanol (E22-E30) from excise duty. This policy change, coupled with the launch of E85 fuel for flex-fuel vehicles, marks a significant acceleration of India’s National Biofuel Programme and is expected to drive increased ethanol consumption nationwide.Almondz benefits through its Special Purpose Vehicle (SPV), Premier Green Innovations Private Limited (PGIPL). AGSL holds a 40.99% equity stake in PGIPL, which operates as a dedicated producer of...

Gravita India's Credit Outlook Revised to Positive by India Ratings and Research Gravita India Limited has seen a favorable revision of its credit outlook from India Ratings and Research Pvt Ltd regarding its bank loan facilities. The rating agency confirmed the rating while upgrading the associated outlook for the company.The review pertains to the bank loan facilities provided to Gravita India Limited, with an outstanding amount specified at 150.00 Rs. Cr.According to the details provided by India Ratings and Research Pvt Ltd, Gravita India Limited maintained its current rating while receiving a revision in the outlook for the instrument type "Bank loan facilities." The agency affirmed the existing rating but shifted the...

Som Distilleries Subsidiary Commences Commercial Production at New Brewery Facility Som Distilleries & Breweries Limited has announced that its wholly owned subsidiary, Woodpecker Green Agri Nutrients Private Limited, commenced commercial production at its brewery facility located in Uttar Pradesh. The operational milestone began with effect from June 10, 2026.The commencement of commercial production at the new facility represents a significant step in the Group's growth and expansion strategy. This development is set to strengthen the company’s manufacturing capabilities and enhance supply chain efficiencies.The brewery facility will help consolidate the company's presence in the northern region of India. Management noted that...

Bharat Wire Ropes Ltd Wins EEPC India Western Region Export Excellence Award 2023-24 Bharat Wire Ropes Ltd has been conferred with the 42nd EEPC India Western Region Export Excellence Award for the year 2023-24. The recognition reflects the company's dedication to export excellence and its significant contribution towards India's engineering exports.The award was presented by EEPC India, acknowledging Bharat Wire Ropes Ltd’s performance in the sector. The achievement places the company within the category of STAR PERFORMER for STEEL WIRE, WIRE PRODUCTS AND CABLES among large enterprises.The ceremony to present the esteemed award took place on June 8, 2026, at Grand Hyatt in Bambolim, Goa. Prominently present at the event were Dr...

Orient Electric Ltd. Schedules 10th Annual General Meeting and Recommends Final Dividend Orient Electric Ltd has announced the details of its 10th Annual General Meeting (AGM) and recommended a final dividend for shareholders, following a Board meeting held on May 8, 2026. The AGM is scheduled to take place in July 2026, with key dates set for the payment of the recommended dividend.The company's 10th Annual General Meeting will be held on Wednesday, July 22, 2026, at 3:30 p.m. (IST). Members of the Company can attend the meeting through Video Conference or Other Audio Visual Means.Regarding shareholder returns, the Board of Directors recommended a final dividend of ₹ 0.75 per share for the financial year ended March 31, 2026. The...

Sumitomo Chemical India Reports Strong FY2025-26 Results and Declares Dividend Sumitomo Chemical India Ltd. has announced its financial results for the fiscal year ended March 31, 2026, highlighting consistent performance across both standalone and consolidated segments. The company also declared a dividend for the shareholders at its recent Board meeting.The company reported total income of ₹7,034.26 million in its standalone financials for the financial year 2025-26. Expenses were reported at ₹5,562.98 million, resulting in a profit before tax of ₹1,471.28 million. After accounting for tax expenses of ₹365.18 million, the company achieved a net profit for the year amounting to ₹1,106.10 million.On a consolidated basis, Sumitomo...

Sun Pharma Announces 34th AGM, Setting Record Date and Declaring Final Dividend for FY2025-26 Sun Pharmaceutical Industries Limited has scheduled its 34th Annual General Meeting and announced key details regarding the final dividend payment for the financial year 2025-26. The company set the record date and provided timelines for shareholder actions concerning the corporate events.The 34th AGM of Sun Pharmaceutical Industries Limited is slated to be held on Friday, July 31, 2026, at 4:00 p.m. (IST). The meeting will be conducted through Video Conferencing. Shareholders are advised to update their contact details with Depository Participants or the Company's Registrar and Transfer Agent (RTA) to ensure timely receipt of the AGM Notice...

Mercury Laboratories Appoints Mr. Binaya Kumar Panigrahi as Plant Head (Jarod Unit) Mercury Laboratories Ltd has announced the appointment of Mr. Binaya Kumar Panigrahi as the new Plant Head for its Jarod Unit, effective June 11, 2026. The move underscores the company's focus on strengthening its operational leadership within the pharmaceutical manufacturing sector.Mr. Panigrahi holds a Bachelor degree in Pharmacy (B.Pharm) and brings extensive experience to the role. He possesses over 24 years of rich experience specifically in Tablet Manufacturing.Prior to joining Mercury Laboratories, his professional history included associations with prominent entities such as Coral Laboratories Limited and Biocon Biological India Limited...

Karnataka Bank Ltd Allots 13,236 Equity Shares Under Employee Stock Option Scheme Karnataka Bank Ltd has allotted equity shares to its employees and grantees following the exercise of vested stock options under the KBL Employees Stock Option Scheme 2018 (ESOS 2018). The allotment occurred on June 11, 2026.The shares were allotted subsequent to approval by the Managing Director & CEO.Details of the equity share allotment are presented in the table below:MetricDetailsCompany NameKarnataka Bank LtdDate of Allotment11/06/2026SchemeKBL Employees Stock Option Scheme 2018 (ESOS 2018)Total Equity Shares Allotted13,236Face Value Per ShareRs. 10 eachThe scheme relates to the vested stock options held by employees who...

EID Parry India Ltd Allots 29,650 Equity Shares Under ESOP Plan; Paid-up Capital Reaches Rs 17,79,55,692 EID Parry (India) Limited announced the allotment of equity shares stemming from the exercise of options granted under its Employee Stock Option Plan 2016 (ESOP 2016). The allotment was approved by the Company's Stakeholders Relationship Committee on June 11, 2026.The ESOP exercised resulted in the issuance of 29,650 equity shares of face value Re. 1/- each.Following this capital infusion through options granted under the plan, the issued, subscribed and paid up equity share capital of EID Parry (India) Limited increased. The capital rose from Rs 17,79,26,042 to Rs 17,79,55,692.Key details regarding this issue and related...

Navroze Marshall Acquires Shares in Simmonds Marshall Ltd in Open Market Mr. Navroze Marshall, identified as a Promoter of Simmonds Marshall Limited, has made an acquisition of shares in the company through the open market. The transaction details were reported following the purchase on June 09, 2026.The acquisition involved the purchase of 6,233 shares, which represented 0.05% of the total voting capital.According to the data, Mr. Navroze Marshall's pre-acquisition holding stood at 47,29,057 shares, equating to 42.23% of the company’s shareholding. Following the acquisition, his stake increased to 47,35,290 shares, representing a 42.28% holding.The details of the transaction and holdings are summarized below...