Markets

BazaarNow Secures Rs 72 Crore to Conquer Tier-II and Tier-III City Quick Commerce Market BazaarNow, a specialized quick commerce platform designed for non-metro markets, has secured an additional funding round of Rs 72 crore. This investment brings the startup's total raised capital to Rs 80 crore, according to the company. The round was led by Peak XV Partners and saw participation from Whiteboard Capital and Antler.The capital infusion comes as the rapid expansion phase of quick commerce providers shifts focus away from saturated metropolitan hubs. Investors are now zeroing in on the vast potential within India's smaller towns and Tier-II and Tier-III cities.Strategic Positioning for Emerging Markets BazaarNow was founded by...

Ishan International Board Approves Investment of Surplus Funds Under Companies Act Ishan International Limited, a certified Star Export House and ISO 9001:2015 certified company, has announced that its Board of Directors approved the investment of surplus funds in various securities.The decision was made during a meeting of the Board of Directors held on June 10, 2026. The Board considered and sanctioned the allocation of surplus funds for investments under Section 186 of the Companies Act, 2013.The company's leadership confirmed that the board approved the investment of these surplus funds into shares, debentures, bonds, and other securities. This strategic approval marks a move by Ishan International to utilize its reserves in...

$105 Oil and a Warning Sign: US Inflation Surges Past 4%, Forcing RBI to Rethink Growth Outlook US Inflation Jumps to 4.2% as Energy Costs Drive Market Shift US consumer price inflation crossed 4 percent in May, marking the first time this level has been seen in three years. This significant jump was overwhelmingly fueled by energy costs linked directly to the conflict with Iran, according to data from the US Bureau of Labor Statistics (BLS) released on June 10. The Consumer Price Index (CPI) rose 0.5 percent month-on-month and reached 4.2 percent over the past 12 months, rising from 3.8 percent in April.The composition of this rise is key to understanding the market pivot. The energy index surged by 3.9 percent in May, accounting for...

Scheduled Banks’ Financial Dynamics: Massive RBI Borrowing and Rising Deposit Liabilities Dominate Market Position The Reserve Bank of India (RBI) released the Statement of Position for all scheduled banks as on May 31, 2026. The comprehensive data reveals a massive financial structure across the banking system, highlighting significant movements in bank liabilities, investments, and the relationship with the central bank. The figures provide an essential snapshot of the operating scale and liquidity management practices within India's scheduled commercial banks (SCBs) on this date.Total Liabilities and Deposit Trends As of May 31, 2026, total liabilities to others stood robustly high at ₹ 265,386.23 crore. This includes both demand...

PPAP Stock Surges on Partnership Deal as Giants Like HCLTech, TCS Face 52-Week Low Pressure Despite a generally cautious market sentiment, June 11 saw significant divergence in stock performance. While some specialized stocks utilized technical breakouts to drive sharp rallies, others faced persistent selling pressure, leading several blue-chip giants and various sector laggards to touch fresh 52-week lows.Momentum Rally: Select Stocks Breakout on Technical Strength Several small-cap stocks demonstrated robust upward momentum, trading well above key short- to medium-term moving averages. This suggests a strong underlying technical trend and sustained buying interest in these specific sectors.PPAP Automotive was among the biggest...

Rajesh Exports Stock Plunges Over 26% as SEBI Allegations Hit Company with Crisis Spiral The stock performance of crisis-hit Rajesh Exports continues to deteriorate amidst mounting pressure from regulatory scrutiny. Shares of the Bengaluru-headquartered gold refiner have fallen sharply since market regulator SEBI issued an interim order on June 3, reflecting deep investor concern over corporate governance and financial reporting practices.Rajesh Exports shares closed trading in a lower circuit after suffering significant declines throughout the week. The stock hit the 5 percent lower limit for the sixth consecutive session, highlighting the severity of the ongoing regulatory challenge.Collapse Continues as Shares Hit Lower Circuit...

TCS and Anthropic Forge Global Partnership to Scale Enterprise AI Adoption with Claude Tata Consultancy Services (TCS) has established a global strategic partnership with Anthropic, the developer of the Claude AI family, focused on accelerating enterprise AI scaling for clients globally. As part of this collaboration, TCS is set to deploy Claude models across diverse industries, aiming to transform core business functions and establish robust AI talent pools within enterprises.The alliance positions TCS as a Global Premier Partner in the Claude Partner Network. The partnership is designed to address specific barriers found in highly regulated sectors where AI initiatives frequently stall during pilot phases due to stringent...

PPAP Automotive Soars by 16% After Major Partnership Deal Securing Advanced Body Sealing System Manufacturing Sector-Specific Stock Boosts Driven by Corporate Milestones Several stocks saw significant movement on June 11, driven primarily by favorable corporate announcements and major business developments. The market participants responded strongly to specific deals and appointments, leading to notable gains across different sectors.PPAP Automotive was among the biggest gainers, surging a remarkable 16 percent. This sharp rise followed the announcement of a new partnership agreement. PPAP Automotive will now manufacture advanced body sealing systems for India's passenger vehicle segment in collaboration with Hutchinson.Enterprise...

ICONiQ White Leads Allied Blenders as Brand Secures Fastest Growing Millionaire Whisky Crown for Third Year Allied Blenders and Distillers Limited (ABD), a leading spirits company in India, has garnered international recognition after ICONiQ White Whisky was named the world's fastest-growing millionaire whisky brand in the Drinks International Millionaires' Club 2026 report. This marks the third consecutive year that the brand holds this distinction globally.The report highlighted ICONiQ White as topping the Fastest Growing Whiskies ranking worldwide and simultaneously recognized it as the second fastest growing spirits brand across all categories internationally. Since entering the Millionaires' Club in 2023, the growth trajectory of...

Asgar Patel and Promoters Acquire 22,000 Equity Shares of Patel Integrated Logistics Ltd Asgar Shakoor Patel, representing the Promoter Group, has acquired equity shares in Patel Integrated Logistics Limited (PIL). The acquisition involved open market purchases totaling 22,000 equity shares on June 8, 2026.The transaction contributes to the holding structure of the promoter group, which includes Asgar Shakoor Patel and several associated entities.Promoter Group Holdings Before Acquisition Prior to the acquisition, the consolidated holding of Mr. Asgar Patel and Associated Persons in Concert (PAC) stood at 2,51,13,310 equity shares, representing 36.08 percent of the total share capital.A detailed breakdown of individual holdings...

Promoter Acquires Shares in Beryl Drugs Ltd A promoter has acquired a stake in Beryl Drugs Limited, bringing their holding up to nearly 1%.The acquisition details concern Mr. Sudhir Sethi, identified as a promoter, who purchased shares of Beryl Drugs Ltd. The transaction, which occurred on June 9, 2026, was conducted through market transactions.Mr. Sudhir Sethi's acquisition raised his combined holding in the company to 9.91% w.r.t. total diluted share/voting capital after the said Acquisition. Prior to this transaction, his holding stood at 9.85%.The financial details of the acquisition and the resulting shareholder structure are as follows:MetricBefore Acquisition (Mr. Sudhir Sethi)After Acquisition (Mr. Sudhir Sethi)...

Individual Classified as Promoter of Aspira Pathlab & Diagnostics Ltd Aspira Pathlab & Diagnostics Ltd has confirmed that an individual is classified within the Promoter Category of the company. This designation confirms the status of the person relative to the organization's management and ownership structure.Stock Price Movement At 10:16, Aspira Pathlab & Diagnostics Ltd is slipping after trading at ₹118.50, down 1.74%. The shares are currently locked as the stock remains completely flat, with the intraday high and low both registering at ₹118.50.

Pritish Nandy Communications clarifies shareholding pattern following testamentary succession Pritish Nandy Communications Ltd has issued clarifications regarding its promoter group's shareholding, following the transmission of shares previously held by Late Mr Pritish Nandy to his daughters. The company stated that the transaction, which occurred via inheritance and did not involve any change in corporate control, prompted a review of disclosure requirements.The shares were transmitted on December 24, 2025, to Mrs Rangita Pritish Nandy and Ms Ishita Pritish Nandy as per the testamentary succession stipulated under the Will of Late Mr Pritish Nandy, following his demise on January 8, 2025. The company confirmed that the acquisition...

Sensex Recovers from Early Slump as Value Buying and Technical Support Boost Market Resilience Equity Indices Edge Up After Initial Losses Amid Stronger Support Levels The equity benchmarks, Sensex and Nifty, demonstrated resilience on Thursday after trimming a portion of their initial decline. Both indices recovered from the day's low, supported by focused value buying activity at lower price points. This rebound provided renewed stability to the market amid an otherwise cautious trading session.At approximately 10 a.m., the Sensex stood at 73,751.67, showing a decline of 231.51 points or 0.31 percent. Similarly, Nifty registered a decline of 71.55 points or 0.31 percent, trading at 23,143.40. Despite the modest losses, the recovery...

MTAR Stock Falters as Key Client Faces Major Project Setback in US AI Infrastructure Push Shares of MTAR Technologies experienced a decline on June 11 following reports that its critical client, Bloom Energy, encountered a significant setback in the US market. The stock fell by 4% during trading hours after Bloom announced that a major data-centre project linked to its fuel-cell deployment pipeline had been put on hold.At 10:16 am, MTAR Technologies was trading at Rs 6,836 apiece, registering a 3.8% drop. Despite this immediate weakness, it is important to note that the company has seen a substantial surge of 185% so far in FY2026.Setback Reported as AI Data Centre Project Pauses The difficulty faced by Bloom Energy stems from news...

Glenmark Launches Winlevi® in Key European Markets for Acne Vulgaris Treatment Glenmark Specialty S.A (GSSA), a wholly-owned subsidiary of Glenmark Pharmaceuticals Ltd., has announced the launch of Winlevi® (clascoterone 10 mg/g cream) across key markets in Europe. This expansion follows the granting of marketing authorization for the product by the European Commission in October 2025.The treatment, developed by Cassiopea S.p.A., a subsidiary of Cosmo N.V. (SIX: COPN), is authorized for the treatment of acne vulgaris in both adults and adolescents aged 12 to <18 years. Usage in adolescents is specifically limited to facial application.Glenmark has commenced direct launches in several European markets, including Central and Eastern...

Promoter Sanjay Namdeo Salunkhe Acquires 8,806 Equity Shares of Jaro Institute of Technology Management and Research Limited Sanjay Namdeo Salunkhe, identified as a promoter, has acquired 8,806 equity shares in the Jaro Institute of Technology Management and Research Limited. The acquisition occurred on June 10, 2026, through the open market.The transaction signifies a minor increase in the holding of the acquirer in the company. Before this purchase, Sanjay Namdeo Salunkhe held 12,265,679 shares carrying voting rights, representing 55.07% of the total share or voting capital and 54.78% of the diluted share or voting capital of Jaro Institute of Technology Management and Research Limited.Following the acquisition of 8,806 shares...

Babita Garg acquires 7,000 shares in Riba Textiles Ltd through open market purchase Babita Garg has acquired 7,000 equity shares of Riba Textiles Limited in the open market. This acquisition resulted in her holding increasing from 4,44,454 to 4,51,454 shares.The transaction details specify that Babita Garg, who belongs to the promoter group and is identified as a Person Acting in Concert (PAC) with the acquirer, acquired the shares on June 9, 2026. The mode of acquisition was Open Market.Pre-acquisition, her holding stood at 4,44,454 shares, representing 4.60% of the total share/voting capital of Riba Textiles Limited. Following the purchase of 7,000 shares, her total holding increased to 4,51,454 shares, which translates to 4.67%...

Promoter Rameshkumar D.Poddar Acquires Shares in Siyaram Silk Mills Ltd Rameshkumar D.Poddar, a promoter of Siyaram Silk Mills Limited, acquired shares in the company through an inter-se transfer by way of gift on June 8, 2026. The acquisition resulted in his total shareholding increasing following the transaction, which was conducted via off market channels.The details of the share movements for Rameshkumar D.Poddar are summarized below, detailing both his holding before and after the acquisition.MetricBefore AcquisitionTransaction DetailsAfter AcquisitionShares carrying voting rights (Total)2122615 (4.68% of total share/voting capital; 4.68% of total diluted share/voting capital)Acquired: 231168 shares carrying voting rights...

Promoters execute inter-se transfer of shares in Siyaram Silk Mills Ltd by way of Gift Siyaram Silk Mills Limited has seen changes in its promoter shareholding following an inter-se transfer of equity shares among members of the Promoter group. The transaction, executed as a gift on June 08, 2026, involved Shrikishan D. Poddar, who transferred 10,28,500 Equity Shares of Siyaram Silk Mills Limited.The transfer represents a significant reduction in the stake held by Mr. Poddar before the transaction. Prior to the disposal, Mr. Poddar held 10,28,593 shares, which accounted for 2.27 percent of the total share capital of the company. Following the inter-se transfer via gift, his holding reduced to 93 shares, representing 0.00 percent of...