Markets

Vdeal System Secures Order Worth ₹10.92 Million for Power Distribution System Vdeal System Limited has been awarded a new order for the supply of a Power Distribution System, securing a contract valued at ₹10,924,548/- from NMDC STEEL Limited. The transaction falls within the normal course of Vdeal System’s business operations and represents an expansion in the company's client base.The contract stipulates the delivery of the Power Distribution System as per the purchase order issued by NMDC STEEL Limited. This project is scheduled for completion, with the specified delivery deadline set for December 15, 2026.The details concerning this commercial assignment are outlined below:ParticularsDetailsEntity Awarding OrderNMDC STEEL...

The South Indian Bank Reports Operational Metrics for Quarter Ended June 30, 2026 The South Indian Bank Limited has released key operational business updates encompassing Gross Advances, Total Deposits, and CASA performance for the quarter ending June 30, 2026. The data provides a snapshot of the bank's financial position across three reporting periods: Q4 of the previous fiscal year (ending March 31, 2026), the previous full fiscal year (ending June 30, 2025), and the provisional figures for the quarter ending June 30, 2026.The operational metrics are presented in Crore and include key data points related to asset growth and customer deposit mobilization.ParticularsQ4 FY26 (Audited)Q1 FY26 (Provisional)Y-o-Y GrowthGross...

Orient Ceratech Completes Agreement for Sale of Windmills Business; Consideration Revised Orient Ceratech Limited has finalized the Agreement for the sale of its Windmills Business, comprising seven windmills within its Power Division. The transaction, which involves a slump sale on a going concern basis, was executed on June 30, 2026.The company confirmed that under the terms of the agreement, all assets and liabilities pertaining to the Windmills Business will be transferred to the purchaser, effective from the cut-off date, June 30, 2026.Following subsequent negotiations between Orient Ceratech Limited and the purchaser, both parties mutually agreed to revise the sale consideration. The total consideration for the acquisition of...

Scheme of Amalgamation Becomes Effective As Companies Merge Into NIIT Limited The scheme involving NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited has become effective following their amalgamation with NIIT Limited.The Amalgamating Companies, which include NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited, have completed the necessary process concerning their merger into NIIT Limited. The move formalizes the consolidation of the three entities.According to the update released on July 1, 2026, Form No. INC-28 was filed by all three companies with the Registrar of Companies, Haryana. This action marks the culmination of the scheme, making...

HPL Electric & Power Limited Warns Shareholders Over Unclaimed Dividends for FY 2018-19; Sets October 15 Deadline HPL Electric & Power Limited has issued a reminder to shareholders regarding unclaimed dividends pertaining to the financial year 2018-19, cautioning them that failure to claim these amounts or transfer their shares could result in automatic transfer to the Investor Education and Protection Fund (IEPF).The company notified shareholders about the dividend warrant issued for FY 2018-19, stating that records indicate the dividend remains unclaimed by some shareholders. The reminder highlights the process governed by the Companies Act, 2013, and related IEPF Rules, which stipulate that funds remaining unpaid or unclaimed for...

NIIT Learning Systems Ranked in Training Industry's Top 20 AI Coaching & Learner Support Tools for Second Consecutive Year NIIT Learning Systems Limited, a global leader in managed learning services, has been recognized by Training Industry, Inc. as one of the Top 20 Companies in AI Coaching and Learner Support Tools for 2026. This recognition marks the second consecutive year that NIIT has been featured on the prestigious list.The selection process for the 2026 Training Industry Top AI Coaching & Learner Support Tools Companies was based on key criteria including the scope, quality, and extent of AI coaching capabilities; market presence and brand visibility; strength of the client portfolio and customer relationships; and overall...

Aeroflex Industries Boosts Liquid Cooling SFN Skid Production CapacityAeroflex Industries Limited has significantly enhanced its production capabilities for liquid cooling SFN skid assemblies. The company announced that it has successfully increased its annual production capacity, commencing operations at the higher level starting July 01, 2026.The enhancement brings the maximum annual production capacity of the specialized components from 6,000 pieces per annum to 9,000 pieces per annum.In addition to the operational upgrade, Aeroflex Industries reported its initial sales performance for the first quarter of FY 2026-27.The following table provides a summary of the company’s production and sales figures:MetricDetails...

JK Lakshmi Cement Announces Dividend of ₹ 6.50 Per Share for FY2026 JK Lakshmi Cement Limited has announced a significant dividend payout for its shareholders, setting the official Record Date to determine entitlement for the payment.The company confirmed that shareholders will receive a dividend of ₹ 6.50 per equity share. This announcement pertains to the financial year ended March 31, 2026.According to the company details, the dividend represents 130% based on the face value of the equity share, which is set at ₹ 5/- each.Dividend and Payout Details:ParameterDetailCompanyJK Lakshmi Cement LimitedDividend Amount₹ 6.50 per Equity ShareFace Value of Share₹ 5/- eachFinancial Year EndMarch 31, 2026The designated...

Saleem Ahmad Assumes Additional Charge of CMD at Ircon International Limited Ircon International Limited has confirmed that Shri Saleem Ahmad has assumed the additional charge of Chairman and Managing Director (CMD) of the company, effective July 1, 2026. This appointment comes following an order issued by the Ministry of Railways.Shri Saleem Ahmad holds the designation of Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) in addition to his role as CMD, effective from the same date. The term of this additional charge is set for a period of one year or until the post is assumed by the regular incumbent, whichever occurs earlier.The appointment was made following a Board meeting held on June 26, 2026.Professional...

SSWL Posts Stellar Growth in June 2026; Net Turnover Rises 36.84% YoY Steel Strips Wheels Limited (SSWL) reported a significant performance for June 2026, achieving robust growth across its business segments and registering an exceptional rise in Net Turnover. The results reflect broad-based strength from the Truck, Tractor, and EV-linked sectors, alongside a crucial positive turnaround in exports.According to company reports, SSWL’s Cross Turnover stood at Rs. 554.10 Cr for June 2026, up from Rs. 426.31 Cr recorded in June 2025, translating to a steady Year-on-Year (YoY) expansion of 29.98%. Net Turnover reached Rs. 479.87 Cr, compared against Rs. 350.67 Cr in the previous fiscal year, marking a strong YoY increase of 36.84%. The...

Advit Jewels Shares Soar: Blockbuster Listing Achieved at 37% Premium After Massive IPO Subscription Advit Jewels made a highly successful market debut on Wednesday, registering a blockbuster listing on both major exchanges. The company's shares listed significantly above the Initial Public Offering (IPO) price, driven by exceptional investor participation across all categories. The strong demand witnessed during the issue saw it garner a massive subscription of 212.63 times in the primary market between June 23 and June 25.Listing Performance on NSE and BSE On the National Stock Exchange (NSE), Advit Jewels shares were listed at Rs 188.90 per share, translating to a premium of 36.88 percent over the initial offering price. The...

Hindustan Copper Limited Updates Key Managerial Personnel Contact Details Hindustan Copper Limited has provided an update detailing the contact information for its Key Managerial Personnel (KMP). The personnel listed are authorized to provide disclosures regarding materiality of events and company information.The following individuals hold KMP positions within the company:Sr. No.Name of KMPDesignationContact Details1.Shri Anupam MisraChairman & Managing DirectorTelephone: +91 33 2202 1000 Email: cmd@hindustancopper.com2.Dr. Sajeev Kumar SinhaDirector (Operations)Telephone: +91 33 2202 1000 Email: sanjeevkumarsinha@hindustancopper.com3.Shri RVN VishweshwarDirector (Finance) & CFOTelephone: +91 33 2202 1000 Email...

FMCG Giant Functional & Innovative Fires Up IPO Campaign to Fuel Expansion and Tackle Loan Burden Tamil Nadu's functional food manufacturer, Functional & Innovative Foods, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India. The move marks a significant step for the company as it seeks capital through an Initial Public Offering (IPO). This public listing is intended to fund aggressive expansion plans and assist in critical loan repayment obligations.The IPO structure includes a fresh issue of 60 lakh shares. Additionally, there will be an Offer-For-Sale (OFS) component comprising 25 lakh shares offered by promoter Senthil Kumar Chinnusamy. Beeline Capital Advisors has been appointed as the...

Renfra Energy Seeks Major Capital Infusion via IPO as It Targets Rs 430 Crore in Green Transition Boom Renfra Energy India has formally filed its preliminary prospectus with the Securities and Exchange Board of India (SEBI), signaling a push towards public listing. The filing centers on an Initial Public Offering (IPO) designed to raise a significant amount through a fresh issue of shares, targeting Rs 430 crore. This move positions the Tamil Nadu-headquartered renewable energy firm for major capital infusion.The IPO structure includes the primary objective of raising funds via the fresh issue. Additionally, the draft red herring prospectus (DRHP) details an Offer-for-Sale (OFS) component involving 4,794,800 equity shares from selling...

Valecha Engineering Limited to Transfer Equity Shares in Wholly-Owned SubsidiaryValecha Engineering Limited announced a decision by its Board of Directors regarding the transfer of equity shares in its wholly-owned subsidiary, Valecha Infrastructure Limited. The transaction involves 42,000 equity shares of the subsidiary.The transfer was decided during a Board meeting held on June 5, 2026. As part of this arrangement, the company intends to sell these shares to potential buyers.According to disclosures made regarding the sale, the consideration received for the transfer includes the 42,000 Equity shares of Valecha Infrastructure Limited, each priced at Rs. 10/-. The total aggregate value of this transaction is Rs. 4,20,000/-, or...

Knack Packaging's Market Dominance: Integrated Operations Signal 'Subscribe' Rating Ahead of IPO Knack Packaging Ltd., an established player in the packaging solutions sector, is showing significant signs of growth visibility as it approaches its Initial Public Offering (IPO). The company specializes in manufacturing Printed and Laminated Woven Polypropylene (PLWPP) bags. These products are crucial for various industries including food, agriculture, fertilizers, cement, and chemicals.Company Operations and Product Range Incorporated in 2013, Knack Packaging has built a robust foundation through its integrated operations. The company offers full customization, possessing both in-house printing and design capabilities. This allows them...

Bosch Limited makes Chassis Systems India Wholly Owned Subsidiary after completing acquisitions Bosch Limited has successfully completed all necessary closing actions pertaining to a recent transaction, establishing Bosch Chassis Systems India Private Limited as its wholly owned subsidiary.The change took effect on July 1, 2026. The transformation was finalized following the completion of closing actions stipulated in the Share Purchase Agreement that had been executed previously.Following this restructuring, Bosch Chassis Systems India Private Limited will now comply with all statutory requirements applicable to a wholly owned subsidiary of a listed company.BOSCHLTD Stock Price Movement Today, Bosch Limited shares edged higher to...

Oyo IPO Set for Massive Debt Squeeze as Global Exposure Triggers Investor Caution Prism Hotels and Resorts, the parent company of Oyo, has formally advanced its journey toward a public listing. The company filed its updated draft red herring prospectus (UDRHP) with SEBI, marking the next phase of its Rs 6,650-crore initial public offering (IPO). This filing provides investors with an in-depth look at the transformation that Oyo has undergone since its attempted listing in 2021.The IPO is structured entirely as a fresh issue of equity shares and does not include any offer for sale (OFS) from existing stakeholders. Major international investors, including SoftBank, Microsoft, Airbnb, and Peak XV Partners, will not be selling their...

NMDC Reports Provisional Production and Sales Details of Iron Ore Up To June 2026 NMDC Limited has released the provisional details regarding the production and sales of iron ore for and up to the month of June 2026, covering the financial year 2026-27.The company provided a detailed breakdown of monthly and cumulative performance metrics across its mining sectors: Chhattisgarh and Karnataka.According to the data released by NMDC Limited, the total production of iron ore for up to June 2026 reached 15.10 million tonnes (MT). In the same period, total sales amounted to 11.75 MT. For comparison, the cumulative figures for Up to June 2025 stood at 11.99 MT in production and 11.51 MT in sales.The detailed provisional data is presented...

Uber Backed Lime Completes IPO, Achieving $1.6 Billion Valuation Amid Global Mobility Boom Neutron Holdings Inc., operating globally as Lime, has successfully completed a US initial public offering (IPO), raising $174 million. The company, which specializes in short-term electric scooter and bike rentals, priced its shares at $25 each, falling within the marketed range of $24 to $26.The IPO saw the sale of 6.68 million shares, giving Lime a market valuation of $1.6 billion based on outstanding shares mentioned in filings. This represents a significant jump from a $510 million valuation achieved during a 2020 investment round led by Uber.Valuation and Market Expansion The successful public listing confirms the rapid scaling of the...