Markets

Maral Overseas Ltd Consolidates Garment Unit Operations in Noida Maral Overseas Ltd has announced an internal operational consolidation within its Garment Division. The company intends to optimize resource utilization and improve operational efficiencies by merging operations from one unit into another, effective by August 31, 2026.The operation currently situated at D-347, Sector-63, Noida 201307, Uttar Pradesh will be consolidated with the existing business activities housed in the unit located at A-37, Sector-64, Noida - 201301, Uttar Pradesh.Following this operational alignment, all assets and inventory from the D-347 unit will be transferred to the established operational unit at A-37, Sector-64, Noida. As a direct consequence...

Vijaya Diagnostic Centre Limited CFO Resigns Amid Personal Reasons Vijaya Diagnostic Centre Limited has announced the resignation of Mr. Ankit Shah from his role as Chief Financial Officer (CFO). The decision was attributed to personal reasons.Mr. Ankit Shah's last day with the company is scheduled for on or before July 24, 2026. Vijaya Diagnostic Centre Limited acknowledged the transition and expressed a deep sense of appreciation for the services rendered by Mr. Shah and his contributions to the organization.In his resignation notice, Mr. Shah extended gratitude to the Board of Directors and the entire leadership team. He committed to ensuring a smooth transition and stated that he would assist thoroughly in the handover of all...

Dangee Dums Limited Appoints Mrs. Sangeeta Amit Khyani as Company Secretary and Compliance Officer Dangee Dums Limited has appointed Mrs. Sangeeta Amit Khyani as its WholeTime Company Secretary and Compliance Officer. The appointment was approved by the Board of Directors during a meeting held on Tuesday, June 09, 2026.Mrs. Khyani holds an Associate membership of the Institute of Company Secretaries of India and is a qualified Company Secretary. She brings over seven years of post-qualification experience to the role. Her expertise covers corporate laws, secretarial compliance, corporate governance, regulatory affairs, and capital market regulations.The company noted that Mrs. Khyani possesses extensive experience in handling...

Mahindra & Mahindra Reports Production, Sales and Export Figures for May 2026 Mahindra & Mahindra Limited released its comprehensive operational data covering production, sales, and exports for the month of May 2026. The figures detail output across various commercial vehicles segments, including utility vehicles, vans, e-rickshaws, and three wheelers.The company's overall performance metrics show significant movement in production and market sales during May 2026 compared to May 2025.MetricMay 2025 (Units)May 2026 (Units)Total Production91,502101,141Total Sales81,96197,653Total Export3,6925,112Key Segment Performance Highlights The detailed operational data highlights varying performance across different vehicle...

TCS Vows 'Strict Action' Against Associates in Nashik Harassment Cases; Chairman Chandrasekaran Announces Internal Overhaul Tata Consultancy's Stance on Alleged Misconduct in Nashik Unit Tata Consultancy Services (TCS) has issued a strong warning regarding the sexual harassment allegations surfacing at its Nashik unit. TCS Chairman N Chandrasekaran stated that any associate found guilty of misconduct will face "strict action." This severe measure underscores the gravity with which the IT services major is treating the ongoing investigation into employee conduct.Mr. Chandrasekaran emphasized that while the case remains subjudice, preliminary findings show that the company had not received formal complaints through official channels or...

SBI to Commit $1 Billion as It Joins Global Giants in Funding Sun Pharma's Mega Acquisition of Organon State Bank of India (SBI), the country’s largest bank by assets, is poised to join a consortium of global financial institutions in supporting Sun Pharmaceutical Industries Ltd.’s massive overseas acquisition. Sources familiar with the matter suggest that SBI is set to commit up to $1 billion toward this deal, pending final board approval.This significant move sees SBI joining Citigroup Inc., JPMorgan Chase &Co., and Mitsubishi UFJ Financial Group Inc. as a key debt financier for Sun Pharma’s agreement reached in April. The acquisition involves buying US-listed Organon &Co., marking one of the largest outbound...

Eco Recycling Ltd Receives In-Principle Approval from BSE for Promoter Warrant Issue Eco Recycling Ltd has received in-principle approval from BSE Limited regarding a planned preferential issue of warrants convertible into equity shares to its promoters.The approval permits the company to issue and allot 3,00,000 warrants. These warrants are set to be convertible into 3,00,000 equity shares at a price not less than Rs. 411/- each. The preferential basis issuance is targeted towards the promoters of the company.The approval details outline the structure and conditions for this capital event. Eco Recycling Ltd was granted the in-principle approval by BSE Limited on June 9, 2026.Key details of the approved allotment are summarized...

Global South AI Roadmap Set: Ten Nations Pledge Collaborative Science Infrastructure for Sustainable Development The Indian National Science Academy (INSA) has spearheaded a landmark initiative toward defining the future of responsible Artificial Intelligence (AI). As part of India's BRICS Presidency 2026, INSA convened the inaugural meeting of the BRICS Science Academies Forum. This high-level virtual gathering brought together ten nations to chart a unified course for AI in support of sustainable development and cooperation across the Global South.The forum was moderated by Prof. Debashis Mitra, Vice President (International), INSA. He emphasized that this effort aligns with India's presidency theme: "Building for Resilience...

High Court Upholds Arbitral Award in Dispute, Concluding PCTL Litigation for Siemens Energy India Limited Siemens Energy India Limited has confirmed that the ongoing dispute related to a material civil proceeding has been resolved following a recent judgment by the High Court of Bombay. The Court upheld the original arbitral award concerning the energy business, finding no additional financial liability on the company as all mandated payments have already been made.The case pertains to a long-running contractual matter stemming from a 2010 turnkey project involving a large power facility and its subcontractor.Dispute Background and Arbitration Timeline The core of the dispute originated when the Energy Business, later transferred...

Subsidiary of Jaykay Enterprises Achieves Key ISO Certifications for Medical Implants JK Digital & Advance Systems Private Limited, a wholly owned subsidiary of Jaykay Enterprises Limited, has successfully secured two significant international management system certifications: ISO 14001:2015 and ISO 45001:2018. These awards validate the company's commitment to high standards in environmental management and occupational health and safety within its specialized manufacturing sector.The certifications were granted by BSCIC Certifications Private Limited for JK Digital, covering its operations in the manufacture and sale of Additive Manufactured Sterile Revision Surgery Hip Implants, Augments, Spinal Implants, and Patient Specific...

JSW Infrastructure Shares Surge as Company Secures Major Port Terminal Project at Kolkata Dock System JSW Infrastructure witnessed a significant rally on Tuesday after securing a major infrastructure project from the Syama Prasad Mookerjee Port Authority (SMPA). The company's stock surged, trading at Rs 281 on the NSE, recording a gain of 4.67 percent. This lucrative contract provides JSW with a substantial role in enhancing the container handling capacity of Kolkata Dock System.Securing the Outer Container Terminal Project The successful bid by JSW Infrastructure was for the integrated development of the Outer Container Terminal at Netaji Subhas Dock (NSD). This project involves both two and five berths under the Kolkata Dock System...

Subsidiary Dissolution: Carysil Brassware Limited Ceases to be a Step-Down Subsidiary of Carysil Limited Carysil Limited has confirmed that Carysil Brassware Limited, a wholly owned step down subsidiary within the United Kingdom, has been dissolved under the applicable provisions of the UK Companies Act, 2006. The dissolution was effective from June 09, 2026.As a direct consequence of this dissolution, Carysil Brassware Limited ceased to be a wholly owned step down subsidiary of Carysil Limited as of June 09, 2026.Details regarding the financial contribution of the dissolved entity are provided below:ParticularsContribution during the last financial year (March 2026)TurnoverNilNet WorthNilCARYSIL Stock Price Movement...

Atul Auto Limited Appoints Senior Management Personnel for HR and Administration Atul Auto Limited has appointed Mr. Piyush Mistry as a Senior Management Personnel (SMP), effective June 08, 2026. Mr. Mistry will serve in the capacity of Head of Human Resource, Employee Relations (ER) and Administration.Mr. Mistry is described as a seasoned Human Resources professional with over 24 years of diversified experience within Human Resource Management across various engineering and manufacturing industries. His expertise spans sectors such as auto ancillary, textile machinery, aluminium die casting, and general engineering services.Prior to joining Atul Auto Limited, Mr. Mistry held the position of Senior Manager - HR at Inspiron...

JSW Infrastructure Secures Kolkata Port Contract, Expanding Container Handling Capacity at Netaji Subhash Dock JSW Infrastructure Limited has secured a significant contract for the integrated development of container terminals at the Kolkata Dock System. The company received a Letter of Award (LOA) from the Syama Prasad Mookerjee Port Authority (SMPA) for developing outer container terminals and taking over several existing berths at Netaji Subhash Dock (NSD).The project involves the complete transformation of operations under a Design Build Finance Operate Transfer (DBFOT) model, structured through a Public-Private Partnership (PPP) framework. This award is set to bolster the region's maritime infrastructure by enhancing container...

Market Resilience: Experts Predict Earnings Rebound Despite Geopolitical Turmoil and Currency Stress Few sectors within the Nifty demonstrate meaningful vulnerability when assessed against current geopolitical tensions, supply chain disruptions, or a weakening rupee, according to Prashant Jain of 3P Investment Managers. He expects corporate earnings growth for the fiscal year to rebound significantly, targeting between 12-16%, up from last year's muted levels. This recovery is anticipated to be driven by improved banking performance, robust metal prices, and the positive impacts stemming from rupee depreciation.Sectoral Resilience and Corporate Earnings Forecast Jain noted that previous concerns regarding banks—particularly their...

UltraTech Cement Limited Reaches 196.8 MTPA Grey Cement Capacity Amid Strong Financial Performance UltraTech Cement Limited, a major player in the Indian construction market, has maintained significant operational scale while advancing its sustainability initiatives. The company boasts a vast infrastructure footprint, with a total grey cement capacity of 196.8 Million Tons Per Annum (MTPA) as of March 31, 2026. UltraTech also operates integrated operations, including captive power generation and advanced resource management across all segments.The company remains one of the largest cement producers globally by sales volume excluding China and holds a significant position in the domestic market.Operational Scale and Product Portfolio...

RVNL Stock Surges 4% After Securing ₹221 Crore Rail Infra Order, Snapping Nine-Day Losing Streak Rail Vikas Nigam Ltd (RVNL) saw a significant rebound in its stock price on Tuesday following the company's successful securing of a new contract. The state-run infrastructure firm secured an order worth Rs 221.33 crore from South East Central Railway.Shares of RVNL traded at Rs 232.98 on the NSE, reflecting this positive development. Earlier in the trading session, the stock gained up to 4 percent, reaching an intraday high of Rs 236.40. This reversal is particularly notable as the company had been under pressure, declining for nine consecutive sessions, during which its shares had shed more than 16 percent.New EPC Contract Details...

Vice President Urges Overcoming 'Mindset Hurdles' to Drive Massive River Interlinking and National Water Security Projects The nation’s water future was placed under close scrutiny today as the Vice-President of India, Shri C. P. Radhakrishnan, received a detailed briefing on the ambitious initiatives spearheaded by the Ministry of Jal Shakti. The meeting underscored the critical need for large-scale river interlinking and robust water conservation practices to secure the country's dwindling water resources.Union Minister of Jal Shakti, Shri C. R. Patil, alongside Minister of State Dr. Raj Bhushan Choudhary, briefed the Vice-President on various ongoing projects designed to strengthen water resource management across India. These...

Virtual Galaxy Infotech and Konkan Railway Corporation Sign MoU to Explore AI, ERP and Digital Transformation Projects Virtual Galaxy Infotech Limited (VGIL) has entered into a Memorandum of Understanding (MoU) with Konkan Railway Corporation Limited (KRCL). This agreement establishes a framework for both companies to explore collaboration opportunities across various high-tech domains pertinent to government and infrastructure sectors.The MoU outlines the scope of potential joint pursuits, focusing on enhancing digital capabilities within governmental and public sector organizations. The collaborative areas include Enterprise Resource Planning (ERP), Artificial Intelligence (AI), Conversational AI, Cyber Security Solutions, Digital...

Reliance Communications Holds 72nd Committee of Creditors Meeting Amid Insolvency Resolution Process Reliance Communications Limited's Committee of Creditors (CoC) is scheduled to convene its 72nd meeting on Tuesday, June 09, 2026. This gathering takes place while the company remains under the corporate insolvency resolution process as mandated by the Insolvency and Bankruptcy Code, 2016.The meeting is part of the ongoing efforts related to Reliance Communications Limited's financial standing. The company continues to operate within the framework established by the regulatory requirements concerning its status in the resolution process.Details regarding the management structure confirmed that under the provisions of the Insolvency...