Markets

Dixon Technologies and Gemtek Form Binding Term Sheet for Proposed Telecom Manufacturing Joint Venture On June 9, 2026, Dixon Technologies (India) Limited and Gemtek Technology Co., Ltd. announced they have entered into a binding term sheet establishing a proposed joint venture in India. The partnership aims to focus on the manufacturing and supply of Optical Transceiver - SFP (Small Form-factor Pluggable) and BOSA (Bidirectional Optical Subassembly), or other telecom products as agreed upon by the parties.The Proposed Transaction involves Dixon Electroconnect Private Limited, a wholly owned subsidiary of Dixon Technologies, which is set to become a joint venture company for this initiative. Upon the completion of the transaction...

Allied Blenders and Distillers Recommends Final Dividend of Rs. 5.40 Per Share for FY 2025-26; Outlines TDS Provisions Allied Blenders and Distillers Limited has announced its recommendation for a Final Dividend covering the Financial Year (FY) ended March 31, 2026. The Board of Directors approved the payment of Rs. 5.40 per equity share, which has a face value of Rs. 2 each.The dividend amount is subject to approval by the shareholders at the forthcoming 18th Annual General Meeting (AGM) scheduled for Monday, July 6, 2026. The company fixed Friday, June 26, 2026, as the Record Date for determining shareholder eligibility for this Final Dividend payment.The company communicated detailed provisions regarding the deduction of Tax at...

Sellwin Traders Ltd to Hold Board Meeting Regarding Registered Office Shift from West Bengal to Gujarat Sellwin Traders Ltd has announced a meeting of its Board of Directors to consider significant changes concerning the company's principal operations and location. The board meeting is scheduled for Friday, 12th June, 2026.The meeting will be held at Laram Centre, 208 A2 24, S V Road, Andheri (West) 400058. Among the key items on the agenda is the shifting of the company's Registered office from the State of West Bengal to the State of Gujarat.In addition to the move of the registered office, the board meeting is scheduled to consider other necessary agendas as deemed appropriate by the chair.Stock Price Movement Sellwin Traders...

Bombay High Court Allows Petition in Telecom Dispute, Sets Aside Demand Notice The Hon'ble Bombay High Court has allowed a petition filed by Bharti Airtel Limited concerning a demand notice issued by the Department of Telecommunications regarding spectrum charges. The court's judgment was delivered on June 8, 2026, setting aside the impugned demand.The litigation involved the 'Promoter,' Bharti Airtel Limited, who had challenged the demand notice dated January 8, 2013 (which was subsequently revised in 2018). The challenge related to a one-time spectrum charge (OTSC) amounting to Rs. 473.7 Cr pertaining to two of the Company's telecom circles: Rajasthan and North East Circle.According to details provided regarding the status of the...

Aloukik Real Estate Transfers 250,000 Shares of Helpage Finlease Limited in Off-Market Deal Aloukik Real Estate and Builders Private Limited has transferred 2,50,000 equity shares of Helpage Finlease Ltd. through an off-market transaction. The entire consideration for the sale amounted to Rs. 52,75,000.The transfer details relate to the stock holding of Aloukik Real Estate and Builders Private Limited in Helpage Finlease Limited. The company acquired/sold 2,50,000 shares in this transaction. Prior to this acquisition, the total voting rights of Helpage Finlease Ltd. stood at 11,80,000, representing 11.86% of the total capital.The details regarding the shareholding and pre-acquisition status of the target company are summarized...

AVI Polymers Ltd Appoints Two New Independent Directors and Reconstitutes Key Committees AVI Polymers Ltd announced significant changes to its Board of Directors following a meeting held on June 09, 2026. The company approved the appointment of two new Non-Executive Independent Directors while simultaneously noting the resignations of two existing directors, leading to the necessary reconstitution of several key committees.The Board formally approved the appointment of Meenu Jain and Reema Magotra as Non-Executive Independent Directors (Additional). These appointments are effective from June 09, 2026, for a term of five consecutive years, subject to shareholder approval.Meenu Jain was appointed based on her background as a Qualified...

Safari Industries: Unclaimed Dividends of Shareholders to be Transferred to IEPF by October 2026 Safari Industries (India) Limited has initiated procedures concerning equity shares and unclaimed dividends belonging to certain shareholders, stipulating deadlines for claiming these amounts before their transfer to the Investor Education and Protection Fund (IEPF).The company has notified shareholders whose dividends have remained unpaid or unclaimed for seven consecutive years or more. The period for calculating this requirement begins with the dividend declared for the financial year 2018-19.Shareholders are requested to claim these specific unpaid dividends no later than September 13, 2026. If the claims are not made by the...

Unified Data Tech Solutions Secures Follow-On AMC Order, Boosting BFSI Segment Presence Unified Data Tech Solutions Ltd (Udtechs), a fast-growing system integrator specializing in Data Centre Infra and Cloud Sector services, has secured a follow-on Annual Maintenance Contract (AMC) order from one of India's largest private sector banks. This repeat business underscores the customer’s confidence in Udtechs' technical capabilities and service delivery quality.The latest contract pertains to AMC services for OEM infrastructure deployed at the bank's Hyderabad Data Centre, valued at approximately ₹4.24 crore (inclusive of taxes). This order follows a previous engagement announced on May 29, 2026, which involved an AMC services contract...

Allied Blenders and GSK Announce AGMs; SU Toll Road Invites Bids for NH Project Corporate developments are underway across various sectors, with companies holding general meetings while infrastructure projects move forward through tender processes.Allied Blenders and Distillers Limited is scheduled to host its 18th Annual General Meeting (AGM) on Monday, July 6, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company has also provided details regarding a final dividend for the Financial Year ended March 31, 2026. The Board of Directors had previously recommended a Final Dividend of approximately 40/ per Equity Share. Members are reminded that the Record Date for this payment is...

Director Acquires Shares in Vibhor Steel Tubes Ltd During Open Market Transaction Mr. Vijay Kumar Kaushik, a Promoter and Director of Vibhor Steel Tubes Limited (formerly known as Vibhor Steel Tubes Private Limited), has increased his holding through an open market transaction. The acquisition was completed on June 08, 2026.The purchase involved Mr. Kaushik acquiring 7350 equity shares of the company. This transaction resulted in the newly acquired shares constituting 0.04% of the company's total paid up capital.Mr. Kaushik is identified as a Promoter and holds an existing stake in Vibhor Steel Tubes Limited. His pre-acquisition holding stood at 41,47,304 shares, representing 21.87% of the voting capital. Following the open market...

Regulatory Scrutiny on Patanjali Karela Jamun Juice as Claims are Examined under DMR Act Patanjali Foods Limited has received communication from a state regulatory body regarding promotional and labelling representations for one of its products, Patiwali Karela Jamun Juice. The notice focuses on certain claims made in the product's marketing materials.The Company received the intimation from the Joint Commissioner (Drugs), Food & Drug Administration, Maharashtra State, Nagpur Division, on June 08, 2026. This communication relates to the applicability of Sections 3 and 4 of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 (DMR Act).The regulatory authority examined promotional and labelling representations...

Syschem India Receives Judicial Order Directing Recovery of Funds in Fraudulent Transfer Case Syschem India Ltd has received a judicial order pertaining to a matter involving the fraudulent transfer of funds from the company's accounts, directing the recovery of specified amounts. The order was received by the company on June 9, 2026.The competent authority that passed the order is the Judicial Magistrate I Class, Chandigarh. The order, dated June 6, 2026, pertains to recovering funds from the accounts identified during the investigation of fraudulent transactions involving Syschem India Ltd.Pursuant to the said judicial directive, an amount has been directed to be recovered in favour of the company from the associated accounts. The...

K2 InfraGen Appoints Sanjay Gupta as Senior Vice President to Strengthen Infrastructure Leadership Gurugram, 9th June, 2026: K2 InfraGen Limited has announced the appointment of Mr. Sanjay Gupta as Senior Vice President, effective June 1, 2026. This strategic appointment is set to bolster the company's leadership depth as it focuses on infrastructure development and operational efficiency.Mr. Gupta brings extensive experience across Engineering, Procurement and Construction (EPC), Power Transmission and Distribution (T&D), and Railway Infrastructure. With over 38 years in the sector, his background encompasses deep sectoral knowledge, project execution expertise, and strong leadership capabilities. The appointment is anticipated to...

TRAI Forces Digital Infrastructure Upgrade: Amended Manual Introduces Multi-Stage Rating and Tech-Neutral Standards The Telecom Regulatory Authority of India (TRAI) has released the amended 'Rating Manual 2026' for the assessment of digital connectivity. This crucial update is part of the overarching effort under the 'Rating of Properties for Digital Connectivity Regulations, 2024'.The new manual integrates significant revisions necessitated by stakeholder feedback and subsequent amendments to the regulations. It aims to ensure a fair, transparent, and standardized approach across all stakeholders, including Service Providers, Property Managers, and Digital Connectivity Rating Agencies (DCRA).Why Is This Amended Manual Necessary...

The Wealth Company Launches Moderate Mid Cap Fund: Analysts Point to 'CHANGE' Framework for Long-Term Growth The Wealth Company Asset Management has launched a new open-ended equity scheme, The Wealth Company Mid Cap Fund. This fund is tailored for investors seeking long-term capital appreciation by focusing predominantly on mid-capitalization companies. The AMC has structured the fund with a moderate risk profile and rigorous investment criteria to identify high-potential growth stocks.The scheme aims to provide stable returns while aggressively pursuing value creation through its active management philosophy. As per SEBI regulations, the fund offers both a Regular Plan and a Direct Plan for subscription, ensuring accessibility...

Market Rally Snaps Two-Day Slump: Sensex and Nifty Surge Amid Easing Geopolitical Tensions Indian equity markets ended on a positive note, snapping their two-day losing streak on Tuesday, June 9. The benchmark indices rallied, supported by global market cues and moderating trends in crude oil prices. This recovery signals a shift towards stability in domestic equities.The Sensex finished strong, trading at 73,918.76, marking a gain of 394.50 points or 0.54 percent. Nifty closed higher at 23,242.10, advancing by 119.10 points, equating to 0.52 percent.Broader Market and Currency Performance The broader market demonstrated resilience, consistently outperforming the benchmark indices. The Nifty Midcap index recorded a rise of 1.3...

Moody's Affirms 'Ba1/Stable' Rating for JSW Hydro Energy Limited's Senior Secured Notes Moody's Ratings has affirmed the credit rating for the Senior Secured Notes (USD Bonds) of JSW Hydro Energy Limited, a step-down subsidiary of JSW Energy Limited. The rating affirmation was issued by Moody's on June 8, 2026.The assessment granted by Moody's assigns a 'Ba1/Stable' rating to the Senior Secured Notes held by JSW Hydro Energy Limited. This material update concerns the bond obligations of the subsidiary.JSWENERGY Stock Price Movement JSW Energy Limited shares today slipped by 0.02% to settle at ₹570.4 after seeing a moderate trading session. The stock traded a total volume of 1.96 million shares during the day.

Ad Revenue Surges 33 Times at Zepto as Quick Commerce Brands Pour Millions into Retail Media Zepto, an IPO-bound quick commerce leader, has seen its advertising revenue surge dramatically. The platform generated Rs 1,636 crore in advertising revenue in FY26 alone, representing a massive growth from Rs 651 crore in the prior year. This sharp rise underscores the rapid shift of brand marketing spends toward quick commerce platforms across India.Exponential Growth in Advertising Revenue The trajectory of ad monetization at Zepto has been unprecedented over the past two years. The advertising revenue stream climbed from just Rs 49 crore in FY24 to Rs 651 crore in FY25, and subsequently reached Rs 1,636 crore by FY26. This translates to a...

SEBI Issues Strict Recovery Notice: Demand of Rs 5,31,000 Against Ram Gopal Gupta HUF Over Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued a formal demand notice to Ram Gopal Gupta HUF concerning dues related to illiquid stock options. The certificate, dated June 9, 2026, outlines a total recoverable amount of ₹5,31,000, which includes penalties, interest accrued since January 21, 2026, and recovery costs.This action falls under Section 28A of the SEBI Act, 1992, read with relevant provisions of the Income Tax Act, 1961. The notice mandates immediate payment of the calculated dues to the designated SEBI account or through the online recovery payment module on the SI portal.Breakdown of Dues and...

TCS Chairman Reveals Massive Opportunity: AI Is Not a Threat, But a $3 Trillion Trajectory Tata Consultancy Services (TCS) has reframed artificial intelligence from a potential market threat into the single most significant opportunity for the world's largest IT services company. Speaking at the firm’s 31st annual general meeting in Mumbai on June 9, Chairman N Chandrasekaran calmed investor fears by stating that AI represents immense growth potential for TCS and the enterprise IT sector.Chandrasekaran addressed market anxiety caused by rapid technological change. While some view AI as a fundamental danger to the existing IT model, he maintains that it is instead a powerful catalyst for expansion. This optimism comes despite recent...