Markets

NCLT Directs Suspension of EGM Resolutions in Jagran Prakashan Ltd Petition The National Company Law Tribunal (NCLT), Allahabad Bench, has ruled that the implementation of resolutions passed during an Extraordinary General Meeting (EGM) held by Jagran Prakashan Limited (JPL) must be kept in abeyance until a related petition before the tribunal is decided.The directive comes in the ongoing matter titled Mahendra Mohan Gupta and Ors. versus Devendra Mohan Gupta and Ors., corresponding to Company Petition No. 64 of 2023, heard under Sections 241/242 and 244 of the Companies Act, 2013.During the hearing concerning Interlocutory Application (IA) No. 57 of 2026, the tribunal addressed an appeal that referenced an earlier order dated May...

Exponent Energy Lands Rs 200 Crore to Fuel Commercial EV Boom in India Exponent Energy, the specialized electric vehicle energy provider, has secured a significant funding round of Rs 200 crore ($21.1 million). This capital infusion is set to rapidly expand the company's presence across key Indian markets and accelerate the adoption of commercial EVs. The round was co-led by 360 ONE Asset and TDK Ventures.This investment marks a notable milestone for the venture partners, representing 360 ONE Asset's inaugural foray into the electric vehicle sector. Furthermore, it is the first investment made by Hitachi Ventures in India’s energy domain.Why This Funding Matters for EV Adoption The capital injection arrives as Exponent transitions...

Om Metallogic Ltd Reports Audited Financial Results for Half Year Ending March 31, 2026 Om Metallogic Ltd., formerly known as Om Metallogic Private Limited, has reported its Standalone Audited Financial Results for the half year ending March 31, 2026. The results were reviewed and approved by the Board of Directors, alongside the Auditor's Report issued by M/s N K Mittal & Associates (Firm Reg no: 113281W).The audit report confirmed that the standalone financial statements give a true and fair view of the state of affairs of the company as of March 31, 2026, and its profit and cash flow for the year. The company is a single-segment operator in the manufacturing of Aluminium Alloys Ingots.The audited results provide insights into the...

Max Heights Infrastucture Ltd's Independent Director Resigns Due to Professional Commitments Max Heights Infrastucture Limited has announced the resignation of Mr. Manoj Kumar Pahwa, a Non-Executive Independent Director, effective June 9, 2026. The departure comes as a result of personal and professional commitments that require his increased attention and time.Mr. Pahwa's tenure at the company included serving on several key boards and committees. He was a Member of the Stakeholders Relationship Committee and the Nomination & Remuneration Committee, and held the position of Chairperson in the Audit Committee.Details regarding Mr. Pahwa’s role and his resignation are summarized below:DetailInformationDirectorManoj Kumar Pahwa...

Lenskart Solutions Completes Acquisition of Quantduo, Achieves Wholly-Owned Subsidiary Status Lenskart Solutions Limited has successfully completed the acquisition of the remaining stake in Quantduo Technologies Private Limited, making Quantduo a wholly-owned subsidiary of the company. The acquisition concluded on June 9, 2026.The completion of this transaction brings Lenskart Solutions' aggregate shareholding in Quantduo to 100% of its fully diluted share capital. Prior acquisitions by the Company included a purchase of an additional 4.65% stake in Quantduo on March 16, 2026. The recent acquisition involved securing an additional 3% of the fully diluted share capital.Prior to this final acquisition, Lenskart Solutions held a 92.35%...

Gabriel India Completes Share Allotment Following Demerger of Undertaking Gabriel India Limited has finalized a significant share allotment resulting from a corporate demerger undertaken as part of a Composite Scheme of Arrangement. The company, which is emerging from this scheme involving Asia Investments Private Limited and its restructuring activities, completed the issuance of new equity shares on June 09, 2026.In connection with the demerger of an undertaking into Gabriel India Limited under the approved Scheme, the Company allotted 3,35,86,081 fully paid-up equity shares. These shares were issued to the equity shareholders of Asia Investments Private Limited in proportion to their respective shareholding in the company. Each...

Bharti Airtel Fined for Subscriber Verification Norm Violations by Department of Telecommunications Bharti Airtel Limited has been issued a notice by the Department of Telecommunications (DoT) imposing a substantial fine related to alleged violations of subscriber verification norms. The penalty relates to observations made during a Customer Application Form Audit conducted in March 2026.The action was taken after the DoT reviewed the company's compliance with its license agreement, which mandates adequate customer verification prior to enrolling subscribers. According to the details provided by the company, the notice detailing the violation and penalty was received on June 09, 2026.A penalty amounting to Rs. 6,67,000 has been...

E To E Wins ₹35 Crore Contract for Railway Signaling and Telecommunication Work in Raipur Division E To E Transportation Infrastructure Limited has been awarded a significant contract valued at ₹ 35,23,73,193.63 by the South East Central Railway (SECR), Raipur Division. The order pertains to crucial signaling and telecommunication modernization work for the Raipur division of SEC Railway.The company secured the contract through a competitive bidding process with the domestic government entity. This transaction is described as being at arm's length, establishing a strategic win in railway infrastructure development for E To E Transportation Infrastructure Limited.The scope of work involves replacing Sarona and Kumhari station with...

Oberoi Realty Subscribes Rs 268.50 Crore in Centerstage Shares for Mumbai Land Development Project Oberoi Realty Limited has undertaken a significant investment in its wholly owned subsidiary, Centerstage Realty Private Limited, by subscribing to further shares valued at Rs 268.50 Crore on a rights basis. This action fulfills the requirement set forth in a bid submitted by Oberoi Realty to secure a long-term lease for railway land in Bandra East, Mumbai.Centerstage Realty Private Limited was incorporated as the designated Special Purpose Vehicle (SPV) on June 2, 2026, dedicated exclusively to executing the project. To comply with the minimum paid up and subscribed share capital requirement of Rs 268.50 Crore mandated by the bid...

Nasdaq Tumbles 3.9% as Wall Street Slumps Amid Tech Rotation Fears and IPO Speculation Wall Street experienced broad selling pressure on Tuesday, witnessing a marked rotation away from richly valued technology stocks. The decline dragged down the S&P 500 while simultaneously boosting many other sectors within the equity benchmark.As of 12:42 p.m. in New York, the tech-heavy Nasdaq-100 slumped by 3.9%. The S&P 500 had fallen 2.1%, and the Dow Jones Industrial Average was down 1%. The broader MSCI World Index also recorded a decline of 1.7%, signalling widespread weakness across global equities.Tech Giants Face Volatility as Chip Stocks Plunge The group of chipmakers, which had previously driven up stocks from war-driven lows...

Bharti Airtel Penalized by TRAI with INR 37 Lakhs Over Customer Complaint Redressal Bharti Airtel Limited has been issued an order by the Telecom Regulatory Authority of India (TRAI), levying a financial disincentive following complaints related to customer preference regulations for the quarter ended September 2024.The TRAI order, received by the company on June 09, 2026, imposed a payment of INR 37,12,000/- (Rupees Thirty Seven Lakh Twelve Thousand only). This financial disincentive relates to complaints that were not handled in line with the provisions of the Telecom Commercial Communications Customer Preference Regulations, 2018.The order was issued by TRAI and specifically addressed the redressal of these regulatory...

IT and Financial Stocks Face Heavy Pressure as FII Allocations Plummet to Multi-Year Lows Foreign institutional investors (FIIs) have significantly reduced their exposure to two of India's largest sectors, with allocations in information technology and financial services hitting lows since 2012. Sustained outflows since the start of 2026, coupled with a broad market correction, have eroded both absolute holdings and sectoral weightings for these critical segments.FII Allocations to IT Sector Hit Multi-Year Trough The allocation of FIIs to the Information Technology (IT) sector stood at 5.6 percent of total equity holdings in May. This figure marks the lowest recorded level in NSDL data available since 2012.The decline has been...

Jio BlackRock Gears Up ETF Debut to Ignite India Markets Amid Global Shifts Jio BlackRock Asset Management is set to launch its first exchange-traded funds (ETFs) in India by August. This move aims to replicate the global success of passive investing, targeting a market where ETFs are still emerging. The joint venture between Mukesh Ambani's Jio Financial Services and BlackRock, the world's largest asset manager, has quickly established itself.The fund arm currently manages approximately 180 billion rupees ($1.9 billion) in assets over roughly one year. It built this base across cash, debt-index, and active equity funds. The firm is preparing to start with equity-focused ETF strategies.Global Perspective on Passive Investing For...

Promoter Extends Pledge of Shares for Magnum Ventures Limited's Additional NCD Financing Magnum Ventures Limited has announced that Mr. Parv Jain, a member of the Promoter Group, has extended a pledge covering 83,24,255 Equity shares in the company. This action was taken under terms related to 18% Listed, Secured, Redeemable, NonConvertible Debentures (NCDs).The pledge extension, formalized through an agreement dated June 8, 2026, relates to securing an additional INR 50 Crores. This new security complements the existing structure designed to support a total of INR 230 Crore in NCD financing. Mr. Jain currently holds 1,27,61,755 Equity Shares in Magnum Ventures Limited.The debt is structured as Non-Convertible Debentures and...

Global Investment Interest Surges: Tech Deals, Strategic Acquisitions Lead Stocks to Watch List The market is keenly focused on corporate actions ranging from major acquisitions and joint venture setups to significant institutional trades and strategic divestments. Companies across technology, manufacturing, and finance are making high-profile moves that investors should monitor closely in today's trade.Key Corporate Developments and Acquisitions Quality Power Electrical Equipments has advanced in its expansion strategy by executing a term sheet agreement. The company intends to acquire 100% of the equity share capital of Winwin Speciality Insulators, a manufacturer based in Visakhapatnam specializing in high-voltage ceramic and...

US Tech Stocks Plunge Amid AI Doubts as Oil Dips Below $90 Despite Geopolitical Tensions Wall Street markets registered a significant downturn on Tuesday, relinquishing earlier gains after renewed skepticism clouded the outlook for high-growth technology stocks. Steep declines were seen among major tech heavyweights as investors grappled with valuation concerns and market uncertainty across both US and global indices.Technology Sector Falters Amid Caution and Skepticism Tech giant Apple experienced a sharp decline of more than four percent, driven by less enthusiastic reviews surrounding an upcoming AI update to its Siri voice assistant. This movement signals mounting investor caution amid the sector's previous push into record-level...

Sanginita Chemicals Allots Shares in Preferential Issue to Complete Acquisition of Agastya Green Energy Sanginita Chemicals Limited has approved the preferential allotment of equity shares to B N G Investment LLC, a shareholder of Agastya Green Energy Limited (AGEL), as part of the process to acquire 100% stake in the green energy company. The allotment was finalized after prior approval from shareholders and the National Stock Exchange of India Limited.The Board of Directors of Sanginita Chemicals Limited approved the allotment of equity shares on June 9, 2026. This move facilitates the completion of a part of the transaction stipulated under the Share Swap and Share Purchase Agreement related to the acquisition.Details of the...

Hitech Corporation Ltd. Board Consents to Delisting Proposal; Acquirer Offers Rs 353 Per Share Hitech Corporation Limited has announced that its Board of Directors has consented to the Delisting Proposal regarding its equity shares from recognized stock exchanges, following the review of due diligence and audit reports. The proposal involves an acquisition by Geetanjali Trading and Investments Private Limited, which seeks to acquire all fully paid-up equity shares held by public shareholders and subsequently delist the company's Equity Shares from BSE Limited and the National Stock Exchange of India Ltd (NSE).The meeting of the Board of Directors on June 9, 2026, involved a thorough review of the due diligence report prepared by Mrs...

Krishna Ventures Limited Notes Resignation of Key Managerial Personnel Krishna Ventures Ltd has announced that its Board of Directors noted the resignation of Ms. Divya Gaur from her key roles within the company. The decision was made following a board meeting held on 09 June 2026.Ms. Divya Gaur resigned as the Company Secretary and Compliance Officer, who holds the position of Key Managerial Personnel at Krishna Ventures Ltd. The resignation was attributed to personal reasons.The Board of Directors reviewed and approved this development during the meeting, confirming the change in personnel relating to the company’s compliance and secretarial functions.Stock Price Movement Krishna Ventures Ltd settled today at ₹25.15, shooting up...

SKP Bearing Industries Limited to hold EGM, seeking approval for appointment and continuation of Director Gautam Ganguli SKP Bearing Industries Limited, formerly known as SKP Bearing Industries Pvt. Ltd., has announced an Extraordinary General Meeting (EGM) scheduled for Tuesday, June 30, 2026. The meeting will be conducted through Video Conferencing or other Audio-Visual Means (VC/OAVM).The EGM is set to address the appointment of Mr. Gautam Ganguli as a Non-Executive Independent Director and seek shareholder approval for his continuation in this role until March 31, 2031.As specified by the Board of Directors, Mr. Gautam Ganguli was appointed as an Additional Director in the category of Non-Executive Independent Director effective...