Markets

BHAVYA Portal Surges Investment Push: Government Unveils Massive Plan for 100 Industrial Parks In a landmark move to revolutionize India's industrial landscape, the Ministry of Commerce & Industry, through Union Minister Shri Piyush Goyal, today launched the dedicated BHAVYA Portal in New Delhi. This digital initiative is central to the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme, setting out an ambitious plan to develop 100 investment-ready, world-class industrial parks across the nation over six years.The launch marks a critical transition point for economic development, translating policy commitments into actionable infrastructure blueprints designed to attract substantial domestic and foreign capital. The scheme is positioned as...

NCLT Hearing Update: Future Consumer Limited Addresses Objections Raised by Resurgent India Special Situations Fund Future Consumer Limited provided an update regarding the ongoing case filed against it at the National Company Law Tribunal (NCLT) by Resurgent India Special Situations Fund. This update details the recent proceedings concerning the company's status in the specialized litigation matter.The hearing addressed several key points, including the contentions put forth by the Company. The counsels representing both parties addressed the bench regarding the nature of Future Consumer Limited, specifically addressing the arguments around whether the entity qualified as a Non-Banking Financial Company (NBFC) and limitations...

Railway Power Surge: Indian Rail Sanctions Massive Traction Upgrade on Bengaluru-Tumkur Corridor for Mega Capacity Boost Indian Railways has taken a critical step towards enhancing operational efficiency and rail capacity across Karnataka. The railway authority has sanctioned a major upgrade of the electric traction system along the highly utilized Bengaluru-Tumkur section of the South Western Railway. This strategic initiative is designed to significantly boost infrastructure stability on one of the state’s busiest railway corridors.Scope of the Electric Traction Modernization Project The project involves converting the existing 1x25 kV electric traction system to a more robust 2x25 kV standard. The upgrade covers a significant...

SEBI Completes Recovery of Rs 5,16,000 From HUF Over Illiquid Stock Options Penalty SEBI Finalizes Recovery Against HUF in BSE Derivatives Case The Securities and Exchange Board of India (SEBI) has officially completed the recovery process against Mr. Lal Kamleshbhai N. HUF. This action relates to a penalty imposed for dealings in Illiquid Stock Options on the Bombay Stock Exchange (BSE). The completion notice was issued by SEBI on June 8, 2026.The Recovery Certificate No. 9119 of 2026 confirms the resolution following the recovery efforts. This certificate had been drawn against Mr. Lal Kamleshbhai N. HUF (PAN: AABHL3879H). The action involved non-payment of a penalty determined by an Adjudicating Officer.Details of the Recovered...

HCLTech Launches AI Innovation Zone in Partnership with Google Cloud HCLTech, a global technology leader, has launched an AI Innovation Zone in Santa Clara, California, through a collaboration with Google Cloud. This new zone is designed to empower global enterprises to scale their artificial intelligence (AI) applications across agentic, kinetic, and physical domains.The AI Innovation Zone provides a specialized environment for HCLTech and its clients to design, build, and deploy advanced AI-driven workflows. It aims to advance robotics-led innovation and translate AI capabilities into real-world, industry-specific solutions that deliver measurable business outcomes.This facility is part of an expanded collaboration between the two...

Oneclick Logistics India Approves Preferential Issue of Equity Shares Up To Rs 6 Crore Oneclick Logistics India Limited announced on June 08, 2026, that its Board of Directors considered and approved proposals related to a preferential issue of equity shares. The Board meeting was held from 4:30 p.m. to 5:20 p.m.The company intends to create, issue, offer, and allot up to 1,33,000 Equity Shares in one or more tranches to the promoter(s) of the Company through a preferential issue. The shares will have a face value of Rs 10/- and are priced at Rs 451/- per share, including a premium of Rs 441/per share. This issuance is targeted to raise up to Rs 5,99,83,000/.A key decision resulting from the board meeting was the plan to convene an...

Touchwood Entertainment Secures Property Development Rights from DMRC in Delhi Metro Network Area Touchwood Entertainment Limited has received a Letter of Acceptance (LOA) from the Delhi Metro Rail Corporation Limited (DMRC). The acceptance relates to the property development rights on a land plot located at Mohan Estate Metro Station of Line-6 of the Delhi Metro Network.The project was awarded to a consortium led by Touchwood Entertainment Limited, alongside Hometown Properties Private Limited. According to the details provided, Touchwood holds a 70% stake in the consortium, with Hometown Properties contributing the remaining 30%.This development opportunity falls within the normal course of business for the company. The land...

Magadh Sugar & Energy Limited Announces Resignation of Executive President, Vikas Chandra Tyagi Magadh Sugar & Energy Limited has announced the resignation of Mr. Vikas Chandra Tyagi from his position as Executive President of the Sidhwalia unit. The company confirmed that he is a Senior Management Personnel (SMP).Mr. Tyagi tendered his resignation due to personal reasons and in order to pursue other professional opportunities and career aspirations.The management of Magadh Sugar & Energy Limited acknowledged the departure, confirming that Mr. Tyagi will be relieved from his duties effective from the close of business hours on June 30, 2026.Key details regarding the change are as follows:ParticularsDetailsName of SMPMr...

Admach Systems Secures ₹165.20 Lakh Purchase Order, Highlights Growing Order Book Admach Systems Limited, a specialized engineering solutions provider focused on Special Purpose Machinery (SPM) and advanced industrial systems, has secured a domestic purchase order worth ₹165.20 Lakhs. The contract involves the supply of a Main System along with an Automatic Calibration Station to a client in the Special Steel Industry.The acquisition further strengthens the company's pipeline as Admach Systems currently maintains a total order book standing at ₹76.25 Crores, inclusive of GST.Order and Market StandingThe domestic order details are as follows:MetricDetailsOrder Value (Incl. GST)₹165.20 LakhsNature of OrderMain System &...

IRB Group's Toll Revenue Jumps 25% Year-on-Year in May 2026 The IRB Group, comprising IRB Infrastructure Developers Ltd and its sponsored InvITs, has reported a significant increase in gross toll revenue for May 2026 compared to the previous year. The combined entities saw a rise of approximately 25%, driven by traffic growth across their extensive road portfolio.For the month of May 2026, the Group registered a total Toll Revenue of Rs 8,427 million (Rs 843 Crs). This performance contrasts with the revenue of Rs 6,725 million (Rs 672 Crs) recorded in May 2025.Commenting on this robust growth, Shri Amitabh Murarka, Deputy CEO of IRB Infrastructure Developers Limited, stated that the increased toll revenue reflects continuous traffic...

Shri Hare-Krishna Sponge Iron Limited Commences 3 MW Waste Heat Recovery Power Plant; Biomass Project Underway Shri Hare-Krishna Sponge Iron Limited has commenced operations of a new 3 Megawatt (MW) Waste Heat Recovery Captive Power Plant at its manufacturing facility. This operational milestone represents a significant step toward enhancing energy efficiency, optimizing costs, and achieving sustainable operations through the utilization of waste heat generated during the production process.The successful commissioning of the waste heat recovery plant underscores the company’s commitment to environmentally conscious and cost-effective industrial practices.In addition to the commenced operation, Shri Hare-Krishna Sponge Iron Limited...

Indian Railways Sanctions Major Traction Upgrade to Bolster Key Economic Corridors Indian Railways has approved a critical infrastructure enhancement project targeting the Mahbubnagar-Secunderabad-Medchal section of the South Central Railway. The initiative involves upgrading the existing 1x25 kV electric traction system to a modern 2x25 kV standard across approximately 141 route kilometres. This significant investment, valued at ₹285.01 crore, is set to substantially boost operational efficiency and capacity on this vital rail corridor.Modernizing Rail Power for High-Density Corridors The project forms part of Indian Railways’ continuous effort to strengthen the nation's infrastructure network. The transition to a 2x25 kV system will...

India Bags Critical EU Market Access: Agri and Marine Exports Secured Beyond 2026 Despite AMR Concerns India has secured continuous market access for key agricultural and marine products within the European Union beyond September 2026. The status was confirmed following an amendment to the EU’s regulatory framework, ensuring that Indian exporters can continue supplying items such as aquaculture products, eggs, honey, and animal casings to the lucrative EU market.This development is a major victory for India's agri-export sector. It ensures stability and continuity in trade relationships with a key global partner amidst evolving international health standards.Navigating New European Union Regulatory Requirements The regulatory update...

Merchandise Exports Surge in April, Marking Multi-Year High as India's Trade Resilience is Confirmed Strong Performance Pulls Merchandise Exports Up 13.78 Percent in April India's merchandise exports demonstrated significant resilience during the first two months of Fiscal Year 2026. A senior government official reported that the likely growth rate for these exports stood at around 15 percent year-on-year across April and May. This strong performance indicates underlying demand strength despite uneven global market conditions.For context, excluding petroleum products due to their higher prices, the growth rate was stated to be 11 percent. These figures suggest that core non-commodity sectors are contributing substantially to India's...

Titan Company Ltd Fully Redeems ₹ 1000 Crore Commercial Papers Titan Company Ltd has completed the full redemption of its Commercial Papers (CPs), confirming the maturity proceeds have been duly paid to all holders. The CPs, which were issued by the company, amounted to ₹ 1000 crore.The Commercial Papers were initially issued on April 24, 2026. Following the scheduled maturity, Titan Company Ltd has ensured that all obligations related to these securities have been settled.The completion of this redemption marks a key financial event for the company regarding its short-term debt instruments.TITAN Stock Price Movement Shares of Titan Company Limited today slipped by 1.72% in post-market trading to settle at ₹4192.4. The stock saw a...

Mehul Telecom Opens New Retail Store in Adipur, Gujarat Mehul Telecom Ltd has announced the successful opening of a new retail store dedicated to its operations. The Company has expanded its presence by establishing this outlet in Gujarat.The new retail store operates under the name and style of 'Mehul Telecom.'Details regarding the newly opened location are as follows:StateCityAddressDate of OpeningGujaratAdipurGround Floor, Shop No. 126, Jay Ambe Complex, Near Madan Singh Circle, Adipur, Gandhidham, Kachchh, Gujarat, 37020507/06/2026The establishment of the store marks a recent expansion move for Mehul Telecom Ltd.Stock Price Movement Mehul Telecom Ltd shares settled at ₹95.55 in post-market trading, closing up 2.49%...

Bright Outdoor Media Ltd to Hold Board Meeting on June 12, 2026, Regarding Listing Migration to Main Boards of BSE and NSE Bright Outdoor Media Ltd has announced a meeting of its Board of Directors scheduled for Friday, June 12, 2026. The primary focus of the meeting is to consider and approve matters related to the migration of the company's equity shares from the SME Platform of BSE Limited to the Main Board of BSE, along with listing on the Main Board of the National Stock Exchange of India (NSE).The board meeting will address the transition of the company's trading status. The agenda includes reviewing the details necessary for the migration and subsequent listing, subject to obtaining requisite approvals and compliance with...

Kirloskar Ferrous Industries Announces Board Meeting to Consider Final Dividend for FY2025-2026 Kirloskar Ferrous Industries Ltd has scheduled a meeting of its Board of Directors to address key corporate matters, including the consideration of a final dividend for the financial year 2025-2026.The company confirmed that the board meeting is set to take place on Friday, June 12, 2026. The primary agenda item for the gathering is the discussion and decision regarding the Final Dividend for the fiscal period spanning 2025-2026.KIRLFER Stock Price Movement Shares of Kirloskar Ferrous Industries Limited slipped by 2.35% to settle at ₹420.35 today in post-market trading. This steep decline saw the equity plunge to its 52-week lowest level...

Reliance Industries Limited Releases Presentation on Material Related Party Transactions Reliance Industries Limited has made a presentation available detailing Material Related Party Transactions in connection with its 49th Annual General Meeting (Post-IPO).The presentation addresses Item Nos. 6 and 7 of the notice for the upcoming general meeting, providing necessary context to stakeholders regarding these specific corporate matters. The availability of the material is pertinent to the company's ongoing commitments related to internal governance and transactional transparency.RELIANCE Stock Price Movement Shares of Reliance Industries Limited slipped by 2.18% today, settling at ₹1263.3 amidst sharp market moves. The equity...

Cellecor Gadgets Limited Announces Key Leadership Updates: Amir Sohail Promoted; Jubin Rawal Joins as Chief Marketing Officer Cellecor Gadgets Limited, a fast-growing consumer electronics brand in India, has announced significant updates to its leadership team. The company promoted Amir Sohail, who previously served as Head of Product, to Vice President and Business Head. Additionally, Cellecor welcomes Jubin Rawal as the new Chief Marketing Officer (CMO), reinforcing the firm's dedication to strategic growth and brand excellence.Amir Sohail has been with CELLECOR for two years, serving in the role of Head of Product prior to his promotion. He brings 18 years of extensive experience spanning category management, global and local...