Markets

Finkurve Financial Services Announces Board Meeting to Approve Up To Rs 100 Crores Funding through NCD Issuance Finkurve Financial Services Ltd has scheduled a meeting of its Board of Directors to consider and approve a significant fundraising initiative. The board meeting is set for Monday, June 15, 2026.The primary agenda item for the meeting includes reviewing the proposed raising of funds through the issuance of Non-Convertible Debentures (NCDs). This funding effort aims to raise up to Rs 100 Crores (Rupees One Hundred Crores only).The fundraising mechanism involves a private placement conducted via an Electronic Bidding Platform (EBP). The company plans to issue these Non-Convertible Debentures with a face value of INR 10,000...

Action Construction Equipment Ltd Schedules Investor Meet with Nine Rivers Capital Action Construction Equipment Ltd has announced the schedule for an Analyst/Investor Institutional Meet, detailing a one-on-one session with Nine Rivers Capital.The company confirmed that the meeting is set to take place on June 12, 2026. This engagement involves Action Construction Equipment Ltd and Nine Rivers Capital for a focused discussion on business matters. The event will be held in Palwal.Key details of the scheduled meet are presented below:DateMeeting withType of meetingPlaceJune 12, 2026Nine Rivers CapitalOne-on-OnePalwalACE Stock Price Movement Today, shares of Action Construction Equipment Limited edged higher, settling at...

Raconteur Global Resources Ltd Board Approves Warrant Call and Key Management Appointments Raconteur Global Resources Limited's Board of Directors, meeting on June 9, 2026, considered several key operational and corporate governance matters, including approving the call for outstanding balances from convertible share warrant holders and appointing new management personnel.One significant decision relates to the warrants allotted to shareholders on March 18, 2026. The Board approved calling the remaining balance amount of 75% from the remaining warrant holders. These warrants convert into equivalent equity shares. Previously, the Company had received an amount equal to 25% of the Issue Price at the time of allotment, making the...

Jasmeet Singh Bindra Appointed Additional Director and Chairman of Dredging Corporation of India Limited Dredging Corporation of India Limited (DCIL) has appointed Shri Jasmeet Singh Bindra, IRTS, as an Additional Director (Promoter - Non-Executive & Non-Independent) and Chairman of the company. The appointment was formally approved by the Board following recommendations from the Nomination and Remuneration Committee.Shri Jasmeet Singh Bindra's tenure in this capacity is effective from June 9, 2026.The decision followed the cessation of Dr. M. Angamuthu as Director and Chairman of the company, which took effect on May 20, 2026. Mr. Bindra was previously noted to be serving as the Chairman of Visakhapatnam Port Authority.The...

Rungta Irrigation Ltd Schedules Board Meeting to Consider Rights Issue Funding and Committee Formation Rungta Irrigation Ltd has scheduled a meeting of its Board of Directors to consider several key proposals, including a fundraising initiative through a rights issue. The board meeting is set for Friday, June 12, 2026.The primary agenda item slated for discussion at the company's Board of Directors meeting is the proposal for fund raising by issuing fully paid up equity shares via a rights issue. This issuance would be offered to eligible equity shareholders. The company plans to consider and approve related matters, including the constitution of a Rights Issue Committee of directors.In relation to market trading practices, the...

Mphasis Ltd Schedules Investor Meet at Confluence, Investec Conference in Chennai Mphasis Ltd has announced its participation in an upcoming investor conference organized by Confluence and Investec. The event is scheduled for June 12, 2026, and will be held in Chennai.The meeting provides a forum for interaction with analysts and institutional investors regarding the company's operations.Details of the planned engagement are as follows:Sl. No.Name of Fund/Analysts/Institutional Investor/ConferenceDateType of MeetingLocation1.Confluence, Investec ConferenceJune 12, 2026One-One & GroupChennaiMPHASIS Stock Price Movement Today, shares of MphasiS Limited edged higher in post-market trading, gaining 0.08% to settle at ₹2340.5...

KRN Heat Exchanger and Refrigeration Approves Investment in Subsidiary to Fund Working Capital Needs KRN Heat Exchanger and Refrigeration Limited has approved a significant investment into its wholly owned subsidiary, KRN HVAC Products Private Limited (KHPL). The transaction aims to fund KHPL's working capital requirements through a targeted injection of capital.The decision was made by the Banking and Finance Committee (BFC) of the company during a meeting held on June 09, 2026.As part of this investment, KRN Heat Exchanger and Refrigeration Limited will invest ₹235,25,75,100 into KHPL. This funding involves the acquisition of 78,41,917 equity shares of KHPL. The shares were acquired at an issue price of ₹300 per equity share...

HDFC Tru Forecast: Indian Equities Poised for Massive Rally as Geopolitical Tensions Ease Market Resilience Amid Global Volatility Indian equity markets are set up for a significant recovery and momentum restoration in the second half of Financial Year 27 (FY27). HDFC Tru's latest Equity Outlook suggests that benchmark indices have the potential to scale fresh all-time highs as global uncertainties gradually subside. This bullish view is underpinned by improving valuations and strong domestic investment flows.During May, the market experienced a period of caution following a rally in April. The Nifty 50 saw a decline of 1.9% amid ongoing geopolitical tensions and volatility in crude oil prices. While this reflected some headwinds...

Operational Data for Rajshree Sugars & Chemicals Ltd.'s Factories in May 2026 Rajshree Sugars & Chemicals Ltd. released comprehensive operational data detailing the performance of its various factories during the month of May 2026. The reports cover sugar production, molasses operations, and cogeneration capabilities across multiple units within the company.The operational metrics provided reveal varying levels of activity and output across the different manufacturing sites.Unit I Performance: Varadarajnagar The factory operating in Varadarajnagar reported specific performance data for both sugar and cogeneration during May 2026.Sugar Operations (Unit I) The production figures related to sugar operations are presented below...

Promoter Group Acquires Shares in Yug Decor Limited through Open Market Purchase Nisha Chandresh Saraswat, operating as part of the Promoter Group, has increased her holding in Yug Decor Limited by acquiring 20,700 shares through an open market transaction. The acquisition took place on June 9, 2026, and represents a shift in the promoter's stake in the company.The purchase was conducted via the open market mechanism on the Bombay Stock Exchange (SME Platform). Prior to this transaction, Nisha Chandresh Saraswat held 12,66,062 shares of Yug Decor Limited. The acquisition added 20,700 shares, resulting in her updated holding.The details of the shareholding before and after the open market purchase are as follows:Holding...

Berger Paints Issues Communication Regarding Tax Deducted at Source on Dividends Berger Paints (I) Limited has communicated to its shareholders regarding the deduction of tax at source (TDS) on dividends, effective in compliance with the Income Tax Act, 2025, and the Finance Act, 2026.The company informed stakeholders that any dividend paid or distributed by a corporation will be taxable at the level of the shareholder, as stipulated under the relevant legislation.A detailed communication has been issued to shareholders whose registered email IDs are held with the Company, its Registrar and Share Transfer Agent, or the Depositories, explaining the process of withholding tax from the dividends scheduled for payout. The communication...

Rupee Surges 25 Paise on De-escalation as Brent Crude Plummets Amid West Asia Tensions The Indian rupee showed signs of recovery, appreciating by 25 paise to close at a provisional rate of 95.36 against the US dollar on Tuesday. This movement followed retreats in global crude oil prices and the Dollar Index, largely attributed to a pause in hostilities between the US and Iran.Forex traders noted that the appreciation was supported not only by geopolitical de-escalation but also by expected intervention from the Reserve Bank of India (RBI), positive domestic market trends, and easing US treasury yields. At the interbank foreign exchange market, the rupee had recorded an intraday high of 95.23 and a low of 95.67 before settling at the...

Triveni Engineering Allots Equity Shares Post-Scheme: Paid-Up Capital Rises On June 9, 2026, the Executive Subcommittee of Triveni Engineering & Industries Limited approved the allotment of equity shares following the amalgamation scheme involving Sir Shadi Lal Enterprises Limited (SSEL). The company allotted 14,65,048 fully paid-up equity shares, each valued at a face value of Re. 1/- to eligible shareholders of SSEL.The allotment was made to those SSEL equity holders who possessed the requisite equity shares on the designated Record Date of June 3, 2026, as stipulated by the scheme approved under the provisions of Sections 230 to 232 of the Companies Act, 2013.This share allotment resulted in a significant increase in the paid-up...

Rail Networks Surge and Digital Access Explodes: How Integrated Infrastructure is Rebuilding Modern India Over the past decade, infrastructure creation in India has reached a monumental scale, fundamentally reshaping the nation's economic trajectory. From advanced rail networks and expansive roadways to digital connectivity and sustainable energy systems, integrated planning initiatives like PM GatiShakti and National Logistics Policy are underpinning the vision of a connected and competitive India. These massive investments demonstrate a sustained focus on creating long-term capacity across every critical sector.A Decade of Accelerated Investment and Integrated Planning The shift in infrastructure development has moved away from...

Konstelec Engineers Completes Supply and Installation Works at IOCL Cryogenics Facility Konstelec Engineers Limited has announced the successful completion of its contract work at the Cryogenics Business Group facility of Indian Oil Corporation Limited (IOCL) in Dindori, Nashik. The project involved comprehensive supply, installation, testing, and commissioning across various electrical and civil works.The completed scope included transformers, DG set, HV and LV switchgears, cabling, lighting, earthing, and allied electrical and civil works at the IOCL facility.Konstelec Engineers Limited received formal certification from Indian Oil Corporation Limited (IOCL) regarding the project completion on June 08, 2026.The financial details...

Coordinated Global Rescue Prevents Tragedy After Missile Attack on Merchant Vessel Near Oman A successful international maritime rescue operation ensured the safety of 24 Indian seafarers following a missile attack targeting a merchant vessel near Masirah, Oman. The swift and coordinated response between the Indian Coast Guard and Omani authorities prevented any major casualties despite the dangerous incident involving the Palau-flagged tanker MT Marivex.Incident Details Near Masirah The alarm was raised when the Indian Coast Guard's Maritime Rescue Coordination Centre (MRCC) Mumbai received information regarding a missile attack. The incident occurred on June 08, 2026, at approximately 1420 hours. The MT Marivex tanker, which is...

Onward Technologies Completes Buyback of Up to 5.48 Lakh Equity Shares Onward Technologies Limited announced details of the buyback of up to 5,48,780 equity shares through a proportionate tender offer. The company's capital structure and shareholding patterns were detailed in relation to this corporate action.The buyback involved reserving shares for various categories of shareholders. Of the total shares reserved for purchase, details provided include:Category of ShareholdersNo. of Equity Shares Reserved in BuybackNo. of Valid ApplicationsTotal Equity Shares Validly OfferedNo. of Equity Shares Reserved in BuybackRetail Shareholders93,6773,1263,58,730426General Clear Shareholders4,55,10333220,73,364.55Total5,48,780...

Tax Relief Surge: CBIC Drafts Rules for Section 11A, Pivoting Focus to Industry's Past Dues The Central Board of Indirect Taxes and Customs (CBIC) is actively drafting crucial rules to operationalize Section 11A of the CGST Act. This provision empowers the government, based on a recommendation from the GST Council, to grant waivers for past GST liabilities within specific industries during exceptional circumstances.The move signals a potential shift toward industry relief mechanisms. Once these rules are framed, both the Council and CBIC will be able to invoke Section 11A as needed to provide respite from previously unpaid tax obligations.The Mechanism of Section 11A in GST Law Section 11A was introduced through the Finance Act...

Bank Giants Set for Massive FCNR-B Influx as RBI Pushes Foreign Currency Deposits The Reserve Bank of India's (RBI) strategic push towards foreign currency non-resident bank (FCNR-B) deposits is poised to disproportionately benefit large, globally established financial institutions. Market participants anticipate that banks like HDFC Bank, State Bank of India (SBI), and ICICI Bank are optimally positioned to capture the majority share of anticipated inflows due to their extensive international presence.This move follows historical precedents, with Macquarie Capital noting that these very banks emerged as the biggest gainers during the 2013 launch of the FCNR-B scheme amid a period of global financial uncertainty. Currently, the market...

Veerhealth Care Secures New Order from FMCG Giant for Skincare Products Veerhealth Care Ltd has announced the receipt of a significant new order for skincare products from one of India’s leading Fast Moving Consumer Goods (FMCG) companies. This contract provides a substantial boost to the company's growth trajectory and is expected to contribute positively to future turnover.The value of the new order stands at approximately 360 Lakhs, or Rupees Three Hundred and Sixty Lakhs, exclusive of GST. The deal involves Veerhealth Care supplying Face Care Products to the domestic FMCG entity.This contract places an execution timeline of 45 days for the delivery of goods.The transaction is noted as being entirely independent, with no...