Markets

Starlink Launch Hits Security Roadblock in India Days Before SpaceX IPO amid Geopolitical Fears India has essentially placed a hold on finalizing the commercial launch of Elon Musk’s satellite internet service, Starlink. This crucial delay stems from intensified security concerns raised by Indian agencies regarding the use of its terminals during geopolitical tensions involving the Iran conflict.Security agencies under India’s Ministry of Home Affairs are reportedly withholding the final clearances required for Starlink to begin operations. Reports suggest that the utilization of Starlink terminals in the Middle East conflict, despite the service not being licensed in Iran, has heightened fears within New Delhi regarding the ability...

Nifty Surges as RBI Forex Swap Eases Borrowing; Domestic Investors Drive Rally Amid FII Selling Indian stock indices registered gains on June 9, driven primarily by the positive market reaction following the Reserve Bank of India's (RBI) announcement regarding a concessional forex swap facility. This move is aimed at easing overseas borrowing burdens and enhancing foreign currency liquidity within the financial system.The surge in the broader market was led by banking and financial stocks. The RBI's proactive measure provided strong support, coinciding with softer crude oil prices and generally favorable global cues to the market sentiment.RBI Forex Swap Fuels Banking Surge in Stock Markets Banking and financial sector stocks saw...

Kotak Mahindra MF Surges into Pharma Stocks as Bain Capital Divests from Emcure Kotak Mahindra Mutual Fund has aggressively increased its exposure across several key sectors this week, notably targeting pharmaceutical stocks. The fund acquired a stake in Emcure Pharmaceuticals, while it also participated in a significant share exchange transaction involving Ajanta Pharma. These actions highlight the continued interest of institutional investors in the domestic pharma landscape.Institutional Investors Boost Holdings in Pharmaceutical Giants Kotak Mahindra Mutual Fund secured 36 lakh shares (a 1.89 percent stake) in Emcure Pharmaceuticals from BC Investments IV, a private equity holding company owned by Bain Capital. This transaction...

The Federal Bank Limited Allots Equity Shares Following Employee Stock Option Exercise The Federal Bank Limited announced significant equity share allotments following the exercise of stock options under its employee stock option schemes, as approved by the Nomination, Remuneration, Ethics and Compensation Committee. The allotments were completed on June 09, 2026, after the necessary funds were received from allottees.The bank allocated shares corresponding to two different employee stock option schemes: ESOS 2010 and ESOS 2017. Both allotments were executed against equity shares with a face value of Rs. 2/- each.Under the ESOS 2010 Scheme, The Federal Bank allotted 2,625 Equity Shares to the Option Grantees upon exercising their...

Welspun Corp Limited Subsidiary Divests 4.5% Stake in East Pipes Integrated Company Welspun Corp Limited's wholly owned subsidiary, Welspun Mauritius Holdings Limited (WMHL), has divested a 4.5% equity stake in East Pipes Integrated Company for Industry (EPIC), based in the Kingdom of Saudi Arabia (KSA). The sale was completed through negotiated trades on the Tadawul Stock Exchange, KSA, to identified financial investors.The divestment, which took place on June 9, 2026, resulted in WMHL receiving an aggregate consideration of SAR 283.46 million, equivalent to approximately US$ 75.59 million. This transaction was executed outside of a Scheme of Arrangement and did not fall under related party transactions.Following the divestment by...

HGIEL transfers controlling stake in subsidiary H.G. Khammam Devarapalle PKG-1 Private Limited H.G. Infra Engineering Limited has completed the transfer of its remaining 51% stake held in H.G. Khammam Devarapalle PKG-1 Private Limited. The stakeholder who acquired the shares is Neo Infra Income Opportunities Fund.Following this transaction, H.G. Infra Engineering Limited no longer holds control over H.G. Khammam Devarapalle PKG-1 Private Limited, and the entity ceases to be a subsidiary of the company.HGINFRA Stock Price Movement H.G. Infra Engineering Limited settled today after the post-market session, gaining 0.55% and closing at ₹568.30.The stock traded within a narrow range of ₹565 to ₹580.95 during the day, with 330,942 shares...

Bonlon Industries Achieves In-Principle Approval for Listing of 2.2 Lakh Equity Shares Bonlon Industries Ltd has secured ‘in-principle’ approvals from major stock exchanges for the listing of equity shares allocated to members of its promoter group. The approval relates to the issuance of 2,20,000 equity shares at a specified premium.The company successfully received 'in-principle' approvals from both BSE Limited and National Stock Exchange of India Limited regarding the listing. These approvals pertain to 2,20,000 equity shares that were allotted to M/s Bonlon Securities Limited and M/s Harshit Finvest Private Limited, who are members of the company’s promoter group.The issuance involves the conversion of warrants issued on a...

Teamtech Formwork Solutions Partners with NAC-AP to Boost Construction Skill Development in Andhra Pradesh Teamtech Formwork Solutions Limited and the National Academy of Construction, Andhra Pradesh (NAC-AP), have signed a Memorandum of Understanding (MoU) focused on enhancing skill development, industry linkage, and providing employment opportunities for youth within the construction sector in Andhra Pradesh.The collaboration is set to leverage expertise from both entities to improve vocational training standards across the state. NAC-AP was established by the Government of Andhra Pradesh in 1988 as a Society dedicated to promoting skill development in the construction sector. The academy operates Advanced Skill Training Institutes...

F Mec International Financial Services Addresses Unauthorized Market Commentary on Social Media F Mec International Financial Services Limited has clarified that it holds no association or involvement in certain videos and content currently circulating across various third-party social media platforms. The company confirmed the circulation of this unauthorized material which references its business activities and financial parameters.The company stated that it has neither created, sponsored, nor approved such content. This includes denying any provision of unauthorized investment communication or recommendation through any digital platform. F Mec International Financial Services further confirmed that the company and its promoters...

Torrent Power Sets Record Date for Final Dividend of ₹5 Per Equity Share Torrent Power Limited has announced the record date for its potential Final Dividend pertaining to the financial year ended March 31, 2026. The company fixed Friday, June 19, 2026, as the designated record date for the distribution of a Final Dividend of ₹ 5 per Equity Share.The dividend payment is contingent upon declaration by the Members at the ensuing Annual General Meeting (AGM). Those members whose names appear on the Register of Members or recorded in National Securities Depositories Limited or Central Depositories Services (India) Limited as beneficial owners as of June 19, 2026, will be eligible to receive the dividend if it is formally declared.The...

Virender Jeet Resigns as Chief Executive Officer of Newgen Software Technologies Newgen Software Technologies Ltd has confirmed that Mr. Virender Jeet, currently serving as the Chief Executive Officer and a Key Managerial Personnel, has tendered his resignation from the company. The departure is attributed to personal and professional reasons.The resignation announcement, dated June 9, 2026, specified that Mr. Jeet’s last working day with the company will be August 31, 2026.During his tenure at Newgen Software Technologies Ltd, Mr. Jeet stated his commitment to ensuring an orderly and efficient transition of all duties and responsibilities. He assured the Board of Directors that he would provide complete cooperation throughout the...

BSE Grants In-Principle Approval for Oasis Securities Ltd Rights Issue Oasis Securities Limited has received in-principle approval from the Bombay Stock Exchange (BSE) regarding its proposed Rights Issue of fully paid-up equity shares. This permission allows the company to use the name of BSE Limited in its official Letter of Offer for the rights issue.The approval, granted by BSE Limited on June 09, 2026, permits Oasis Securities Ltd to proceed with the listing of the proposed security. The Exchange scrutinised the offer for limited internal purposes before granting this permission.In relation to the use of the Exchange’s name in the Letter of Offer and related advertisements, BSE has issued specific guidelines. It is explicitly...

Anlon Healthcare Chairman Discusses Financial Performance and Industry Outlook on Money TV Anlon Healthcare Limited, through its leadership, provided insight into the company's performance and future direction during a recent media interaction. Punitkumar Rasadia, the Company’s Chairman & Managing Director, participated in an interview broadcast on Money TV under the program titled "Result Analysis for You (RAY)".The discussion covered key aspects of Anlon Healthcare Limited's operations. Mr. Rasadia addressed the company's financial performance for Fiscal Year (FY) 2025-26. The conversation also delved into current business developments, providing an overview of the industry outlook and other matters that are already available in the...

Orient Ceratech Limited Signs Agreement for Sale of Thermal Power Station Orient Ceratech Limited, a company of The Ashapura Group, has finalized the agreement for the sale of its Thermal Power Station (Power Division). The signing of the deal was confirmed on June 9, 2026.The transaction follows earlier announcements made by the company regarding the divestment of the asset.Prior communications related to the sale included updates issued on February 4, 2026, and May 27, 2027. The agreement signed on June 9, 2026, formally marks the commitment to sell the Thermal Power Station as part of this process.ORIENTCER Stock Price Movement Orient Ceratech Limited saw its shares climb by 0.76%, settling at ₹38.07 in today's closed market...

SEBI Ruling Dismisses Appeal Over Regulatory Clarity on Gold and Silver Trading Data The Securities and Exchange Board of India (SEBI) Appellate Authority has delivered a significant ruling concerning the disclosure of information related to international gold and silver trading under the Right to Information Act (RTI). The appeal, filed by Dinesh Kumar, was dismissed after the Authority noted that SEBI's response provided accurate limitations regarding its scope and responsibilities.The decision brings clarity on the demarcation between regulatory compliance, data availability, and seeking clarification within the framework of financial disclosures held by market bodies.Scope of Information Sought by AppellantThe appeal focused...

Hemant Surgical Industries Secures SKD Manufacturing Agreement with Sonomed Escalon for Ophthalmic Ultrasound Devices Hemant Surgical Industries Ltd has finalized a Semi Knocked Down (SKD) Manufacturing Agreement with Sonomed Escalon, USA. The agreement outlines the manufacturing and exclusive distribution rights within the Indian market for specific ophthalmic ultrasound devices.The purpose of the newly established partnership is to undertake SKD manufacturing in India for two designated models of A-scan and pachymetry ophthalmic ultrasound devices. Under the terms of the agreement, Hemant Surgical Industries will exclusively distribute these devices throughout the Indian Market.Details regarding the scope and financial parameters...

Saumya Srivastava Resigns as Non-Executive Independent Director of Urja Global Limited Urja Global Limited has announced the resignation of Ms. Saumya Srivastava from her position as Non-Executive Independent Director of the company. The change is effective immediately, starting June 09, 2026.Ms. Srivastava's resignation was tendered due to personal reasons and she will consequently cease to be a member of the Audit Committee at Urja Global Limited.In terms of professional disclosures regarding other directorships, Ms. Srivastava holds positions in Mirza International Limited. Her directorship in Mirza International Limited includes membership on both the Audit Committee and the Nomination and Remuneration Committee.The company...

Independent Director Resigns from Jayant Infratech Ltd Jayant Infratech Limited announced that Ms. Pragya Soni has resigned from her position as Non-Executive Independent Director, effective June 9, 2026.The departure of Ms. Soni means she will also cease to be a member of several key internal committees at the company. These include the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders' Relationship Committee.Ms. Pragya Soni tendered her resignation due to pre-occupation and other professional commitments. The company has confirmed that there are no material reasons for her resignation beyond those detailed in her letter dated June 9, 2026.In addition to her role as an independent director, the...

KD Green Industries and KD Iron & Steel Announce Proposed Merger to Forge Green Steel and Infrastructure Conglomerate Guwahati, June 09, 2026 - KD Green Industries Ltd., formerly known as Manbro Industries Ltd., has announced that its Board of Directors has approved in principle the proposed merger with KD Iron & Steel Private Limited. The combined entity is aimed at creating a stronger, diversified industrial conglomerate focused on the green manufacturing of value-added steel products, AAC Blocks, and infrastructure steel for sectors including power, railways, and telecom.The proposed merger is subject to the completion of due diligence, statutory approvals, regulatory clearances, and other necessary approvals.Strategic...

Emirates NBD Bank Open Offer: Zero Shares Tendered for RBL Bank Limited The ongoing open offer initiated by Emirates NBD Bank regarding shares of RBL Bank Limited saw no submissions from public shareholders, according to an update released on June 09, 2026. The offer concerned the acquisition of a portion of RBL Bank’s equity share capital.Emirates NBD Bank (P.J.S.C.) is conducting the open offer for the acquisition of shares in RBL Bank Limited. The total potential offer size stood at up to 415,586,443 equity shares of Rs. 10 each, which represents 26.00% of the Expanded Voting Share Capital of RBL Bank Limited.The official statement confirmed that zero (nil) Equity Shares were tendered in relation to the open offer, translating to...