Markets

Genesis Exports Acquires 45,000 Shares of La Opala RG Limited Genesis Exports Private Limited has increased its stake in La Opala RG Limited through an open market acquisition. The company acquired 45,000 Equity Shares carrying voting rights of La Opala RG Limited.The purchase was completed across two dates: June 5, 2026, and June 8, 2026. Genesis Exports Private Limited, along with its associated Persons Acting in Concert (PACs), holds a promoter stake in the target company.According to the transaction details, the consolidated holding of Genesis Exports Private Limited and PACs before the acquisition was 7,35,30,000 shares carrying voting rights. Following the acquisition of 45,000 shares, the combined holding increased to...

Sound Waves Unlocked to Revolutionize Computing: Researchers Signal Major Leap in Energy Efficiency Researchers have unveiled a novel mechanism utilizing sound waves to generate and control spin currents. This breakthrough holds significant potential for advanced quantum computing, next-generation communication technologies, and drastically reducing the energy consumption associated with modern electronics.The study successfully harnessed Surface Acoustic Waves (SAWs) to drive magnon-based spin currents in specific magnetic materials. These findings address a critical bottleneck in technological development: the persistent need for faster yet significantly more power-efficient devices.Addressing Energy Loss in Traditional...

Videocon Industries Submits Un-Audited Financial Results for Nine Months Ended December 31, 2024 Videocon Industries Limited has released its un-audited financial results for the quarter and nine months ended December 31, 2024, along with a Limited Review Report. The results were signed by the Resolution Professional on February 10, 2026. The submission comes as part of the ongoing Consolidated Corporate Insolvency Resolution Process (CIRP) involving the Company and twelve other Videocon group companies.The company, which is undergoing CIRP under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), has noted that the submission of these financial results was inadvertently delayed. The delay was attributed to several...

PM Modi Addresses Kuwait Amir over West Asia Tensions, Reaffirming India's Condemnation of Attacks on Sovereignty Prime Minister Condemns Escalating Tensions in West Asia Prime Minister Shri Narendra Modi held a crucial telephone conversation today with the Amir of Kuwait, His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah. The two senior leaders engaged in an extensive discussion concerning the evolving security situation across West Asia.The Prime Minister expressed deep concern regarding the current escalation of regional tensions. He reaffirmed India's strong condemnation of all attacks targeting Kuwait's territorial integrity and sovereignty.Reiterating Call for Dialogue and De-escalation Addressing the volatile climate...

Block Deal Ignites Rally: Adani Green Surges to 52-Week High as Renewable Expansion Plans Spark Investor Frenzy Adani Green Energy Ltd shares witnessed a significant surge on Tuesday, closing substantially higher after a major block deal involving the sale of company equity. The stock rallied over 3 percent following the large transaction, which involved approximately 2.1 crore shares, representing 1.3 percent of Adani Green’s total equity.The move propelled the stock to a new high for the session, closing at Rs 1,532. This performance saw the company touch its 52-week high mark of Rs 1,544.8. The market capitalization stood robustly at approximately Rs 2.52 lakh crore based on today’s closing valuation.Stock Performance and Block...

Bombay High Court Allows Petition in Telecom Litigation Against Spectrum Demand A material development has been reported regarding the litigation involving Bharti Airtel Limited concerning a one-time spectrum charge (OTSC) demand by the Department of Telecommunications. The Hon'ble Bombay High Court allowed the company's petition and set aside the impugned demand, as confirmed in a judgment dated June 8, 2026.The litigation originated from a petition filed by Bharti Airtel Limited before the Bombay High Court, challenging a demand notice issued by the Department of Telecommunications regarding OTSC. This demand notice was dated January 8, 2013, and had initially amounted to Rs. 5,201.2 Cr (revised to Rs. 8,414 Cr in 2018). The demand...

Massive Appetite for State Bonds: RBI Auctions Secures ₹14,800 Cr Amid Strong Investor Response The Reserve Bank of India (RBI) successfully completed its Yield/Price Based Auction of State Government Securities (SGSs), securing a total amount of ₹14,800 Crore from investors. The auction covered bonds issued by ten different states and UTs, demonstrating robust market confidence in the state's debt instruments.Overall Outcome of SGS Auctions The RBI’s auction on June 9, 2026 resulted in the full acceptance of all securities offered across various maturities. A total of ₹14,800 Crore was raised against a demand placed by nine participating states during the bidding process.The market response indicates that the state governments...

Eurotex Industries Reports Demise of Non-Executive Director Hariprasad Siotia Eurotex Industries and Exports Limited has announced the passing of Shri. Hariprasad Siotia, a Non-Executive Director on its board. The company confirmed that Shri. Siotia’s tenure as a director concluded on June 07, 2026.The management expressed deep sorrow over the unexpected demise, stating that Shri. Siotia's thorough knowledge and rich experience constituted an irreparable loss to the organization. All directors and employees conveyed their sympathy and condolences to his family following the event.The company confirmed that Shri. Hariprasad Siotia will cease to be part of the Promoter / Promoter Group of Eurotex Industries and Exports Limited...

Members of Artemis Electricals and Projects Limited Approve Regularization of Independent Directors Artemis Electricals and Projects Limited has approved the regularization of two independent directors to its board—Mr. Dharmendra Kumar Jain and Mrs. Dhruti Harsh Satia—both appointed for a term of five years, bolstering the company's corporate governance structure.The members approved the appointment of Mr. Dharmendra Kumar Jain as a Non-Executive Independent Director of the company. He holds a Master in Commerce degree and is a Qualified Chartered Accountant from the Institute of Chartered Accountants of India. His expertise covers Statutory audit, Concurrent Audit, Internal audit, Management audit, Stock audit, Tax audit (both Direct...

Kizi Apparels Ltd Receives Rs 5,85,850 Against 15th Tranche of Convertible Warrants Kizi Apparels Ltd has reported the receipt of funds corresponding to the 15th tranche of consideration for Convertible Warrants. The payment was received from allottee Abhishek Nathani.The company confirmed that it received Rs 5,85,850 towards the 15th tranche of Convertible Warrants. This transaction involves warrants issued at a price of Rs 15.50 per warrant.Details concerning the issuance include:Face Value: Rs 10.00 each Premium: Rs 5.50 each Price: Rs 15.50 eachThe transaction involves warrants issued to the Promoter/Promoter Group and public Category on a preferential basis.Stock Price Movement Kizi Apparels Ltd settled at ₹14.60 in...

Post-Offer Advertisement Details Reveal Acquirer's Shareholding in P H Capital Limited A significant milestone was reached regarding the open offer directed toward the shareholders of P H Capital Limited. The Open Offer, managed by Choice Capital Advisors Private Limited on behalf of Aditya Himmat Bhansali (Acquirer), recently completed its specified timeline.The Post-Offer Advertisement details the completion and outcomes of the acquisition process for P H Capital Limited. The offer was initiated in compliance with regulatory requirements concerning substantial acquisition of shares and takeovers, targeting up to 7,80,026 fully paid up Equity Shares of face value Rs. 10/- of P H Capital Limited.The key financial parameters of the...

KNR Constructions Secures Major Contract for 6-Lane Flyover in Telangana KNR Constructions Limited has been awarded a significant contract for the construction of a major flyover project in Telangana. The company received the Letter of Acceptance from the Malkajgiri Municipal Corporation, Hyderabad, confirming the EPC/Turnkey basis project.The project involves the construction of a 6-lane bi directional flyover. This infrastructure development will cross key junctions including TKR College junction, Gayatri Nagar Junction, and Mandamallamma Junction.Valued at Rs. 235,07,01,000/- (Rupees Two Hundred and Thirty-Five Crores Seven Lakhs One Thousand Only), the construction agreement excludes GST. The project scope includes the...

Maagh Advertising and Marketing Services Appoints Statutory Auditor, Additional Director, and Shifts Registered Office Maagh Advertising and Marketing Services Ltd. has announced several corporate governance changes, including the appointment of a new statutory auditor, an additional director, and the relocation of its registered office within the local limits of Mumbai.The company appointed M/s Parth R Shah And Co (FRN: 153846W) to serve as the Statutory Auditor for the Financial Year 2024-25. This appointment was made to fill a casual vacancy and is subject to approval by the members at the General Meeting.In terms of management appointments, Mr. Priyatosh Ghosh (DIN 10984667) has been appointed as an Additional Director of the...

Garuda Construction Appoints Independent Director, Regularizes Woman Director Garuda Construction and Engineering Ltd has approved appointments and regularizations concerning several board members, enhancing its independent director base. The company appointed Mr. Krishnakumar Laxman Bangera as an Independent Non-Executive Director and formalized the position of Mrs. Dhruti Harsh Satia as a Non-Executive Independent (Woman) Director.Mr. Krishnakumar Laxman Bangera was appointed as an Independent Non-Executive Director on June 1, 2026, with the role set for a term of five years. Regarding his qualifications and disclosures, the company noted that Mr. Bangera possesses a varied and rich working experience across different teams and...

Trident Mediquip Limited completes private placement; Trident Lifeline Ltd stake settles at 58.84% Trident Lifeline Limited announced that its subsidiary, Trident Mediquip Limited (TML), successfully completed a private placement of equity shares to other shareholders. Following this transaction, Trident Lifeline Limited's shareholding in the medical device company stands at 58.84%.The private placement involved TML, which operates within the Medical Device Industry. Trident Mediquip Limited is incorporated under the Companies Act, 2013, and has a paid-up share capital of Rs. 9,97,00,000/- divided into 99,70,000 Equity Shares of Rs.10/- each, against an authorized share capital of Rs. 10,00,00,000/-.The transaction is recognized as...

CRISIL Upgrades Muthoot Microfin Limited Long-Term Rating to AA-/Stable Muthoot Microfin Limited, a leading Non-Banking Financial Company (NBFC-MFI), has seen its long-term credit rating upgraded by CRISIL Ratings. The company's Commercial Paper rating was simultaneously reaffirmed at A1+.The upgrade recognizes the strengthening credit profile of Muthoot Microfin, which is underpinned by improved asset quality, a recovery in profitability, adequate capitalization, and a diversified resource base. This development is expected to enhance the company's access to diverse funding sources at competitive rates, aiding efforts to reduce borrowing costs and optimize its liability mix.The rating action details are as follows:Financial...

Annapurna Swadisht Limited Applies for Equity Migration from NSE Emerge to Main Board Annapurna Swadisht Limited has taken steps toward upgrading its listing status, applying for the migration of its equity shares from the NSE Emerge segment to the Main Board on the National Stock Exchange (NSE). The company initiated the In-Principle application process with the NSE regarding this stock movement.The application seeks to move the existing equity shares onto the premier level of the exchange. As of the current status, the migration application remains pending approval from the NSE.ANNAPURNA Stock Price Movement Annapurna Swadisht Limited shares today rallied, closing at ₹138.55 after gaining 1.28% in the market session. The stock saw...

Unified Data Tech Solutions Secures Rs 4.24 Crores Purchase Order from Major Private Sector Bank Unified Data Tech Solutions Ltd has secured a purchase order valued at Rs 4.24 Crores from one of India's largest private sector banks. The order is for providing Annual Maintenance Contract (AMC) services, as confirmed by the company.The transaction details reflect that the work pertains to domestic AMC Services and will be executed immediately.Key details regarding the newly awarded contract are summarized below:ParticularsDescription / DetailNature of OrderAMC ServicesClient TypeDomestic (One of India's largest private sector banks)Contract Value₹4.24 Cr (Rupees Four Crore Twenty-Four Lakh Only), inclusive of taxes...

Reliance Home Finance Conducts 10th Meeting of Committee of Creditors in CIRP Reliance Home Finance Limited is proceeding with its Corporate Insolvency Resolution Process (CIRP) through the convening of its Committee of Creditors (CoC). The company announced that the 10th meeting of the Committee of Creditors was held as scheduled.The event followed an initial intimation regarding the initiation of CIRP, which had been communicated on September 20, 2025.The logistical details for the 10th Meeting of the Committee of Creditors (CoC) were set for June 09, 2026. The meeting was scheduled to take place at 03:00 P.M. IST and was conducted via Video Conferencing.Reliance Home Finance Limited stated that it will provide updates on...

Minda Corporation Ltd Issues Commercial Paper worth INR 100 Crores and Lists Security on NSE Minda Corporation Limited has announced the issuance and allotment of Commercial Paper (CP), aggregating to an amount of INR 100 crores. The security was successfully listed on the National Stock Exchange of India limited (NSE) on June 09, 2026.The Company’s CP details specify a face value per security of INR 5,00,000/- and carry a discount rate of 7.70% p.a. This financial instrument was issued on June 09, 2026, with a scheduled redemption date of September 04, 2026.Key details regarding the Commercial Paper are summarized below:DescriptionDetailsSecurity TypeCommercial PaperSize of IssueINR 100 croresDate of Issue09-06-2026...