Markets

Anurag P. Poddar Acquires Shares in Siyaram Silk Mills Ltd. via Inter-se Transfer Siyaram Silk Mills Limited announced a transaction involving Anurag P. Poddar, who acquired shares of the company through an off-market inter-se transfer by way of gift on June 8, 2026.The acquisition sees Anurag P. Poddar’s stake increase following the receipt of shares from a promoter source. The shares were acquired under the mode of OffMarket-InterseTransfer (Bywayof Gift).Prior to the transaction, Anurag P. Poddar held 1740404 shares carrying voting rights, representing 3.84% of the total share/voting capital.Following the acquisition, which involved the purchase of 228083 shares carrying voting rights (representing 0.50%), his holding increased...

Chief Financial Officer Resignation at Kalyani Forge Ltd Due to Personal Reasons Kalyani Forge Ltd has announced that Mr. Jagdish Baheti has resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel of the company. The resignation, which was submitted due to personal reasons, was effective from April 30, 2026.The change in key managerial personnel signifies a transition for Kalyani Forge Ltd. Mr. Baheti’s departure followed his submission of resignation dated March 16, 2026. The company confirmed that the CFO's role concluded on April 30, 2026.Mr. Jagdish Baheti held the position of Chief Financial Officer (Key Managerial Personnel) at Kalyani Forge Ltd. His resignation was formally registered with the...

Zee Entertainment Shares Surge as Board Greenlights Rs 2,300 Crore Fundraise Ahead of Major Sporting Deals Corporate Strategy Pivot Drives Investor Confidence in Zee Entertainment Zee Entertainment shares saw a notable uptick, trading 2.7% higher at ₹105.74 apiece on June 11 morning. This positive movement follows the announcement that the company's board has approved a strategic fundraise of Rs 2,300 crore. The funds are earmarked to fuel various strategic and business initiatives across the organization.While the specific medium for this significant capital infusion was not disclosed, the management indicated that further deliberations regarding fundraising options remain underway. This move signals a proactive effort by Zee...

RBL Bank Set for Major Leadership Shift as HDFC Veteran Targets CFO Role RBL Bank is reportedly poised to make a significant senior leadership move, with sources indicating that Bhavin Lakhpatwala, a veteran from HDFC Bank, is being considered for the Chief Financial Officer (CFO) position. This potential appointment would mark the first high-profile executive addition since the strategic deal involving Emirates NBD.The news suggests that Lakhpatwala is likely to join RBL in the near future, succeeding Deepak Ruiya, who has been serving as CFO on an interim basis. An announcement regarding this crucial role is expected within the coming weeks. However, sources emphasize that the final appointment remains subject to board approval and...

Promoter Ankit P. Poddar Acquires Shares in Siyaram Silk Mills Ltd. via Inter-Se Transfer Ankit P. Poddar, a promoter of Siyaram Silk Mills Limited, has increased his stake in the company following an off-market inter-se transfer by way of gift. The transaction took place on June 08, 2026.The acquisition highlights the change in shareholding status for Ankit P. Poddar, who is identified as a promoter of Siyaram Silk Mills Limited.Prior to the transaction, Ankit P. Poddar held shares valued at 2,091,813, representing 4.61% of the total share/voting capital of Siyaram Silk Mills Limited. The company's stock is listed on BSE Limited and National Stock Exchange of India Ltd.Details regarding the acquisition and subsequent holding are...

Mrs. Padmini Parekh Acquires Shares of Gandhar Oil Refinery (India) Ltd Through Transmission Gandhar Oil Refinery (India) Limited has seen a change in shareholding as Mrs. Padmini Parekh, a member of the Promoter Group, acquired equity shares through transmission from her late husband, Mr. Kailash Parekh.The acquisition involves 70,40,000 Equity Shares of Gandhar Oil Refinery (India) Limited. The transaction was executed via transmission from Late Mr. Kailash Parekh to Mrs. Padmini Parekh.This transfer falls under the provisions applicable to acquisitions by way of transmission or inheritance and does not require open offer disclosures as per the relevant regulations.Shareholding Details Update The acquisition details reveal...

Gaurav P. Poddar Acquires 170,583 Shares in Siyaram Silk Mills Ltd. Through Inter-Se Transfer Gaurav P. Poddar has acquired a stake in Siyaram Silk Mills Ltd. through an inter-se transfer by way of Gift from Shri Shrikishan D. Poddar, Promoter of the company. The transaction took place on June 08, 2026.The acquisition involved Gaurav P. Poddar acquiring 170,583 Equity Shares of Siyaram Silk Mills Ltd., which accounted for 0.38% of the total diluted share/voting capital of the company.Gaurav P. Poddar is a Promoter and Persons Acting in Concert (PAC) with respect to the target company. The shares were acquired via an Off-Market Inter-Se Transfer (Byway of Gift).The details of Gaurav P. Poddar's shareholding before and after this...

Promoters' Inter-se Transfer Boosts Shareholding in Siyaram Silk Mills Ltd. Avnish P.Poddar, a promoter of Siyaram Silk Mills Limited, acquired additional shares through an off-market inter-se transfer by way of gift on June 08, 2026. This acquisition increased the stakeholder's holding in the company.The transaction details reflect the shift in ownership and the resulting change in the company's capital structure following the acquisition. Avnish P.Poddar was identified as the acquirer in this capacity.A detailed breakdown of the shareholding before and after the transfer is provided below:ParameterBefore Acquisition HoldingPost-Acquisition HoldingShares Carrying Voting Rights (A)1,740,4041,968,487Percentage of Total...

RBL Bank Shares Surge as CEO of Former HDFC Veteran Likely to Take CFO Role Shares of RBL Bank experienced a sharp rally in early trading, breaching their 52-week high after reports surfaced suggesting the lender is set to appoint a veteran executive from HDFC Bank as its Chief Financial Officer (CFO). The news provided a significant boost to investor sentiment regarding the bank's leadership transition.Stock Jumps on Potential CFO Appointment RBL Bank shares climbed sharply, trading up over 2 percent in early trade on Thursday. The stock reached a fresh 52-week high of Rs 364.75 on the National Stock Exchange (NSE). At one point during trading at 9:58 am, the share was seen trading at Rs 363.90, reflecting an increase of Rs 7.65 or...

Oil Price Surge Puts Pressure on Indian Bond Market Amid US-Iran Escalation Government Bond Yields Remain Steady as Traders await Clarity Indian government bond yields experienced relative steadiness in early trading on June 11. Investors remain cautiously watchful, awaiting further market cues amidst a period of escalating global geopolitical tension. The benchmark 10-year bond yield was recorded at 6.9487 percent, showing a slight movement from the previous session's figure of 6.9431 percent.US-Iran Tensions Spike Brent Crude Prices Above $95 per Barrel Market sentiment in fixed income markets remains cautious following significant geopolitical developments. The United States launched what it described as "self-defence strikes"...

Sugar Stocks Surge as Government Waives Excise Duty on High-Ethanol Petrol Blends The sugar sector witnessed a significant rally, with stocks rising following the government's decision to abolish excise duty on petrol blended with high levels of ethanol. This policy intervention is expected to provide a substantial boost to the industry players.Sugar shares climbed up to 2.5% in trading on June 11th. The move comes after official notifications were released by the Ministry of Finance under the Department of Revenue, as published in The Gazette of India.Sugar Industry Reacts Strongly to Excise Duty Waiver Several key sugar companies led the positive market sentiment. At 9:31 am on June 11, Dhampur Sugar Mills and Dwarikesh Sugar led...

Mahindra Stock Plunges as Labour Shortages Threaten SUV Production Output Shares of Mahindra &Mahindra (M&M) registered a decline in early trading on Thursday, following reports highlighting potential production disruptions at crucial supplier levels. The stock faced selling pressure after news emerged regarding labor constraints affecting the manufacturing output of key vendors.The company’s shares fell up to 1.67 percent to an intraday low around 9:18 am on the NSE. By 9:36 am, M&M had stabilized some losses, trading at Rs 2,923.20, reflecting a decline of 0.99 percent.Production Headwinds Due to Supplier Labour Shortage Investor sentiment was visibly weighed down by reports from The Economic Times suggesting that...

Urea Price Plunge Shatters Records as NFL Secures Cheap Bids, Offering Respite to Indian Fertiliser Costs India is set to receive significant relief on fertiliser import expenses after state-owned National Fertilizers Ltd (NFL) managed to procure urea at sharply lower rates in its latest tender for imports. This development comes despite concerns that global fertilizer prices could drive up the government's subsidy burden considerably this fiscal year.Dramatic Drop in Urea Procurement Rates The NFL tender, which was issued on May 27 and opened on June 8, revealed a dramatic shift in market sentiment regarding urea sourcing. Landed (cost plus freight) bids for 1.7 million tonnes of urea ranged between $444.9 and $449.3 per tonne.This...

Nifty IT Plummets Over 2% Amid Global Tech Weakness and AI Growth Concerns Shares of the information technology sector faced severe selling pressure on Thursday, leading to a significant decline in the Nifty IT index. The sector emerged as the worst performer among sectoral indices after trading down more than 2 percent. This sharp downturn was fueled by broader weakness observed in global technology stocks.The market participants cited fresh anxieties regarding the long-term impact of artificial intelligence (AI) on the growth prospects of IT services companies. These concerns coupled with international tech trends contributed to the heavy selling activity across the sector.Nifty IT Sector Falls Despite Benchmark Resilience At...

Lenskart Stock Sees Block Deal Sale Amid Macquarie Target Hike; Equity Changes Hands Worth ₹1,960 Crore Major Stake Traded in Lenskart as Block Deal is Executed Lenskart Solutions Ltd. saw a significant transaction unfold on Thursday as 4 crore shares, representing approximately 2.3 percent equity, were sold in a block deal. The entire transaction was valued at around ₹1,960 crore. This sale occurred at a price of ₹490 per share, reflecting a discount of about 2.1 percent compared to the previous closing price.While both parties involved in the trade were not immediately disclosed, reports previously suggested that Platinum Jasmine A 2018 Trust was likely to divest this 2.3 percent stake. Following the completion of the sale, any...

Ethanol Mandate Stalls at E20 as Automotive Compatibility Concerns Force Policy Shift The government is unlikely to immediately push beyond the current E20 ethanol blending level in petrol due to significant concerns regarding the performance and maintenance of existing vehicles, reports indicate. Policymakers are reportedly wary of accelerating the shift towards higher-blend fuels like E25, citing potential issues for millions of pre-existing consumer cars and two-wheelers.The decision signals a cautious approach from regulators, pivoting the strategy toward encouraging the adoption of flex-fuel vehicles rather than mandating immediate, widespread fuel upgrades. This calculated move aims to mitigate adverse impacts on older vehicle...

Indiabulls Targets ₹1,000 Crore Fund Raise Through Warrant Issuance; Extraordinary General Meeting Announced Indiabulls is set to remain a key focus in Thursday's market trading following the announcement of a significant corporate financial move. The company plans to seek shareholder approval for a preferential issue of convertible warrants valued at approximately Rs 1,000 crore. This fundraising initiative aims to bolster the entity's growth trajectory and working capital requirements across its subsidiaries.Indiabulls Announces Preferential Issue of Convertible Warrants In an official exchange filing, Indiabulls confirmed that it will convene an Extraordinary General Meeting (EGM) for its members. The EGM is scheduled for July 2...

Rupee Plunges Amid US-Iran Escalation as Geopolitical Tensions Fuel Crude Oil Surge The Indian rupee opened significantly weaker on June 11th, trading at Rs 95.52 per dollar. This decline comes as fresh geopolitical tensions between the United States and Iran intensify global volatility. The local currency’s movement is heavily influenced by rising oil prices, which are being driven up by escalating regional disputes.Geopolitical Turmoil Intensifies Regional Crises The instability was sparked after the U.S. Central Command announced "self-defence strikes" against multiple targets within Iran. These military actions were described as a direct response to continued aggression emanating from Iran. In turn, Tehran reacted sharply, stating...

Sensex, Nifty Slide Amid Escalating US-Iran Tensions as Crude Oil Soars The benchmark stock indices, Sensex and Nifty, traded lower on Thursday amid a fresh escalation of geopolitical tensions in West Asia and sharp increases in U.S. inflation readings. This combination triggered widespread risk-off sentiment across global equities markets.At the time of reporting, the Sensex was showing declines. It was down 254.71 points or 0.34 percent, settling at 73,728.47. Meanwhile, the broader Nifty advanced to 23,132.15, reflecting a drop of 82.80 points or 0.36 percent.Escalating Geopolitical Risks Drive Market Decline A primary factor contributing to the market downturn is the intensifying situation between the United States and Iran. The...

Promoter Member Nilima Krishnakumar Boob Transfers Shares in Clean Science and Technology Ltd Nilima Krishnakumar Boob, a promoter group member of Clean Science and Technology Limited, has completed a substantial transfer of equity shares in the company. The transaction took place on June 8, 2026, involving gifts of shares to a trust and back to the Company itself.The transfer saw Nilima Krishnakumar Boob donate a total of 66,38,000 equity shares belonging to Clean Science and Technology Limited. Fifty-eight lakh equity shares were transferred to Smt. Alaknanda Boob Business Trust, while an additional eight lakh thirty-eight thousand shares were gifted to Clean Science and Technology Limited.The transaction represents a significant...