Markets

Apis India announces inter-se transfer of shares as a gift from promoter Mrs. Sakshi Anand to Mr. Amit Anand Apis India Ltd has announced an inter-se transfer of equity shares through a gift, involving immediate family members within the company's promoter group. The transaction involves the gifting of 1,07,00,000 equity shares by Mrs. Sakshi Anand, Promoter of Apis India Limited, to Mr. Amit Anand, who is also a Promoter and Director of the company.The proposed acquisition is set to occur on or after June 16, 2026. The transfer involves zero consideration, as it is an inter-se transaction by way of gift between the immediate husband and wife.This transfer falls within the promoter and promoter group structure, with the overall...

Kingsman Wealth Management Acquires Shares in Gujjubhai Industries Ltd Through Open Market Purchase Kingsman Wealth Management Private Limited, a member of the Promoter Group, has acquired shares in Gujjubhai Industries Limited through open market purchases. This transaction details the change in stake held by the acquirer in the target company as of June 8, 2026.The acquisition concerns Gujjubhai Industries Limited (formerly Sumuka Agro Industries Limited). Kingsman Wealth Management Private Limited completed the purchase via the open market on June 8, 2026.Based on the disclosed transaction details, which pertain to shares carried by voting rights acquired through the open market, the following data represents the status of the...

Kingsman Wealth Management Acquires Shares of Gujjubhai Industries Ltd Through Open Market Kingsman Wealth Management Private Limited has increased its holding in Gujjubhai Industries Limited, purchasing equity shares through the open market on June 2, 2026. This transaction saw the acquirer increase its stake in the company while maintaining its position within the promoter group.The purchase was conducted in the open market. Before the acquisition, Kingsman Wealth Management Private Limited held 2,665,451 shares of Gujjubhai Industries Ltd (formerly known as Sumuka Agro Industries Limited), representing 12.7407% of the company's equity.Following the purchase of 26,011 shares, Kingsman Wealth Management Private Limited’s total...

Defence Procurement Revolution: MSMEs and Start-ups Invited to Forge India's Aatmanirbharta through Specialized Workshop Key Focus Areas for Defence Industry Partnership A pivotal workshop dedicated to strengthening India’s defence ecosystem is set to convene MSMEs and start-ups. The two-day event, scheduled for June 11 and 12, 2026, at the Manekshaw Centre in Delhi Cantt, aims to enhance awareness and drive greater participation from industry players in national defence procurement.This initiative is being jointly organized by the Indigenisation Directorate of the Headquarters Integrated Defence Staff (HQ IDS) and the Centre for Joint Warfare Studies (CENJOWS). The workshop provides an essential interactive platform for participants...

Promoter Group Acquires Shares in Neo Infracon Ltd through Open Market Transaction Neo Infracon Ltd saw a minor increase in its promoter group's stake following an acquisition carried out via the open market by Mr. Bhavik N. Mehta, who is part of the Promoter Group. The transaction involved the purchase of shares by the acquirer from the target company, Neo Infracon Ltd.The acquisition took place on June 8, 2026, with the promoter group increasing their holding in Neo Infracon Ltd. through this open market sale. Prior to the acquisition, Mr. Bhavik N. Mehta held 3,28,546 shares carrying voting rights of Neo Infracon Ltd, which represented 6.19% of the total voting capital.The details regarding the change in holding and share...

Mikusu India Acquires 8,382 Equity Shares in Daikaffil Chemicals India Ltd Mikusu India Private Limited has completed an acquisition of equity shares in Daikaffil Chemicals India Limited, increasing its stake in the company. The purchase was made from the open market on June 08, 2026.The transaction details show that Mikusu India, which is identified as a Promoter group entity, acquired 8,382 Equity Shares of Daikaffil Chemicals India Limited (Scrip Code: 530825).Stakeholding Update The acquisition resulted in a slight increase in Mikusu India's holding. Before the purchase, Mikusu India held 29,25,770 shares, representing 48.76% of the total voting capital.After acquiring the shares on June 08, 2026, the combined holding stood at...

Gujarat Unveils 'Ultra Mega' Industry Push: Massive Incentives Drive Thrust Sector Expansion to Boost State Growth The state of Gujarat is gearing up for a major industrial overhaul with the imminent launch of a new comprehensive industrial policy. A report by The Times of India indicates that this groundbreaking policy, expected within the next 14 days, will introduce an 'ultra mega' category designed to catalyze high-impact investment and growth across key sectors.This ambitious move signals the government's intent to aggressively foster large-scale industry. The new framework aims not only to attract investments but also to structure incentives that are commensurate with global manufacturing standards. The policy update details a...

Hyundai Motor India Updates Schedule for Investor and Analyst Meetings Hyundai Motor India Ltd has released updated details regarding its planned interactions with a group of investors and analysts. The revised schedule outlines a physical conference focused on investor engagement, following previous intimation submissions.The company's updated meeting details are as follows:DateTime (IST)Organized byNature/Place12th June 20269:00 AM to 5:00 PMInvestor Conference (organized by Investec)Physical/ChennaiThe upcoming meeting is scheduled for physical attendance in Chennai and is organized by Investec.The discussions during the conference will be based on publicly available information, and Hyundai Motor India stated that no...

Ministry of Coal Roadshow Set to Accelerate India's Gasification Boom in Hyderabad The Ministry of Coal is preparing a crucial industry roadshow in Hyderabad on June 11, 2026. This event follows a successful initial gathering held in New Delhi and underscores the burgeoning confidence across stakeholders in India's strategic coal gasification ecosystem. The commitment to this sector highlights significant investment opportunities emerging from advanced domestic resource utilization.Catalyzing Energy Security through Coal Gasification Coal gasification is recognized by the Government of India as a transformative technology. It converts raw coal into synthesis gas (syngas). This syngas is essential for creating high-value industrial...

Hind Rectifiers Ltd Approves Name Change and Significant Increase in Authorised Share Capital The Board of Directors of Hind Rectifiers Ltd, during a meeting held on June 10, 2026, unanimously approved several key corporate changes, including a name alteration and a substantial increase in the company's authorised share capital. The outcomes are subject to subsequent shareholder approvals.Among the decisions made by the Board was the approval of changing the company’s name to ‘Hirect Limited’. This change is contingent upon receiving necessary approval from the shareholders and the Ministry of Corporate Affairs, alongside corresponding amendments to the Memorandum and Articles of Association in compliance with the relevant laws.A...

Transforming Food Systems: World Bank Pushes South Asia to Unlock Billions in Investment and Create Millions of Jobs The economic landscape of South Asia stands at a crucial inflection point. Given that millions of young people are entering the workforce annually, creating sustainable employment opportunities is paramount for regional stability and development. The World Bank Group has underscored that transforming food systems beyond primary production holds vast potential to generate massive investment, boost economic growth, and reduce poverty across the region.Agricultural Potential vs. Current Reality in South Asia The agriculture sector remains foundational to the region's economy, valued at over $700 billion annually and...

Equity Mutual Fund Inflows Cool as Broader Market Plummets into Net Outflows Amid May Data Release The steady growth seen in equity mutual fund investments has faced a significant moderation in May, as reported by the Association of Mutual Funds in India (AMFI). While equity schemes continued to attract positive investor interest, the broader mutual fund industry experienced a considerable swing towards net outflows.Equity schemes recorded inflows totaling ₹22,908 crore for May. This figure marks a slowdown from April's robust performance when flows stood at ₹38,440 crore. Despite the decline in rate of growth, these investments underscore the sustained commitment of investors to market-linked financial products.Overall Industry...

Quick Commerce Battle: Ex-Zepto Founders' BazaarNow Surges with Rs 72 Crore to Target Unpenetrated Tier-II and III Markets BazaarNow, a quick commerce venture backed by founders from top consumer internet firms like Zepto, Myntra, and Swiggy, has announced a significant funding round. The startup secured Rs 72 crore in this recent investment, positioning itself to capitalize on the vast potential of India's fast-growing grocery delivery sector beyond major metropolitan areas.The latest infusion brings BazaarNow’s total funding to Rs 80 crore, including its pre-seed capital. This capital marks a strategic pivot towards serving markets that remain underserved by hyper-local quick commerce giants.High-Profile Investment and Investor...

Elitecon International Announces Rs 700 Crore FMCG Expansion Roadmap, Targets Rs 20,000 Crore Revenue by FY30 New Delhi, June 10, 2026: Elitecon International Limited has unveiled a strategic roadmap aimed at building a diversified Fast-Moving Consumer Goods (FMCG) platform. The company is targeting an approximate revenue of Rs 20,000 crores by the fiscal year 2030. This expansion strategy focuses on establishing a dual platform comprising its existing international tobacco export business and a systematic rollout in the FMCG segment, covering packaged foods and snacks, edible oils, and everyday household essentials.The planned FMCG growth is set to be anchored at Elitecon’s 40,000+ sq. ft. manufacturing facility in Nashik...

CEIGALL SPV Executes Concession Agreement with NHAI for Punjab Road Project 'CEIGALL AMBALA CHANDIGARH ZIRAKPUR LIMITED', a project Special Purpose Vehicle (SPV), has executed a Concession Agreement with the National Highways Authority of India (NHAI). The agreement, which was finalized on June 9, 2026, pertains to a major infrastructure development in Punjab.The project involves the construction of connectivity along NH-205A and is set to become a significant asset for the company. The SPV will undertake the work under a Hybrid Annuity Mode (HAM).Details regarding the scope, cost, and timelines of the concession agreement are as follows:Project DetailProject ScopeConstruction of 6-lane access controlled Spur connectivity...

Zepto Co-founders Poised for IPO After Explosive Growth, Aadit Palicha set to become India's Youngest CEO at 23 The journey of quick commerce giants is defined by hypergrowth and intense competition. In this landscape, Zepto's co-founders, Aadit Palicha and Kaivalya Vohra, are preparing for a pivotal listing that comes with extraordinary personal milestones. Both entrepreneurs, aged just 23, stand ready to enter the public markets after transforming their early venture into one of India's largest quick-commerce platforms.The founders’ success caps a rapid five-year evolution. What began as an ambitious idea dropped by two childhood friends who left Stanford University during the Covid-19 pandemic has flourished exponentially. They...

Marine Electricals Secures Orders Totaling Rs 44.22 Crores from Shipyards and Defence Clients Marine Electricals (India) Limited has secured a significant order book, receiving contracts totaling Rs 44.22 crores (Excluding Taxes). These orders originate from major industrial players, including shipbuilding and related material organizations.The newly received business spans several clients and involves the supply of critical electrical equipment and systems. The projects are set for delivery over timelines ranging from four to fourteen months.Key details of the orders include:Client NameProduct/Service SuppliedDelivery PeriodGarden Reach Shipbuilders & Engineers LtdElectrical turnkey Package4-5 monthsUdupi Cochin Shipyard...

Meesho Surges Post Block Deal as Jefferies Initiates Coverage with 33% Upside Target Shares of Meesho Ltd saw a notable rally in morning trade on Wednesday, climbing by 2 percent. This movement followed a significant block deal transaction where 9.3 crore shares, representing approximately 2 percent of the equity, were traded for around Rs 1,540 crore. The stock was trading at roughly Rs 170 during these initial deals.The rise comes after Meesho's listing in December 2025 and aligns with increased liquidity following the expiry of its six-month shareholder lock-in period. Data from Nuvama Alternative & Quantitative Research indicated that nearly 68 percent of Meesho’s outstanding equity became available for trading on June 10...

Concord Biotech Secures USFDA Approval for ANDA of Tofacitinib Tablets Concord Biotech Ltd has achieved a significant milestone in its global expansion, securing approval from the U.S. Food and Drug Administration (USFDA) for the Abbreviated New Drug Application (ANDA) pertaining to Tofacitinib Tablets, available in 5 mg and 10 mg strengths. The approval positions the company favorably to capitalize on key market opportunities within the United States and internationally.The USFDA granted the approval for the ANDA covering Tofacitinib Tablets. These tablets are intended for the treatment of a range of autoimmune conditions in adult patients, including Moderately to severely active rheumatoid arthritis (RA), Active psoriatic arthritis...

Afcons Stock Surges Over 9% After Securing Landmark Rs 5,301-Crore Vadhvan Port Project Afcons Infrastructure shares experienced a massive rally in trade following the announcement of securing a major contract for a critical piece of national infrastructure. The Shapoorji Pallonji Group company announced it had received a Letter of Award (LoA) from Vadhvan Port Project Limited (VPPL). This deal involves the construction of a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra.The market reacted swiftly to this development, with Afcons stock seeing substantial gains on Wednesday. At around 9:52 am, the shares were trading 6.5 percent higher at Rs 336 on the NSE. Prior to that mid-morning update, the stock had rallied...