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Mohite Industries Ltd Adjourns Extra-Ordinary General Meeting Due to Lack of Quorum; Rescheduled for Mid-June Mohite Industries Ltd has announced the adjournment of its Extra-Ordinary General Meeting (EOGM) that was originally scheduled for Monday, June 8, 2026. The meeting could not proceed as planned due to the absence of a requisite quorum.The company confirmed that the EOGM, which was set for 11:00 am on June 8, 2026, has been adjourned in accordance with the provisions of the Companies Act, 2013 and the Articles of Association of the Company.In light of the adjournment, Mohite Industries Ltd announced that the rescheduled EOGM will be held on Monday, June 15, 2026, at 11:00 am. The meeting is scheduled to take place at the...

Swastik Pipe Limited Secures "Holding-on Operation" Facility to Ensure Business Continuity Swastik Pipe Limited has secured a specialized financial arrangement that allows it to maintain operational continuity despite prior issues related to its credit facilities. The company confirmed that a Lead Bank, acting on behalf of the Consortium of Lenders, approved a "Holding-on Operation" facility for the company's current accounts. This development addresses the classification of previous credit facilities as Non-Performing Assets (NPA).The arrangement was formalized after Swastik Pipe Limited requested relaxation terms from its lenders. The initial approval letter from the lender was issued on May 12, 2026. The facility is designed to...

PAN HR Solutions Reports Strong Growth in H2 FY26 and FY26 as Profit Surges Amid Operational Efficiencies PAN HR Solutions Limited, a provider of comprehensive workforce management solutions including staffing, payroll management, facility management, and compliance services, has announced its audited standalone financial results for the half-year (H2 FY26) and full financial year (FY26) ended March 31, 2026.The company reported significant growth in net profit, driven by operational restructuring and disciplined cost management, despite some revenue moderation due to contract repricing and billing cycle adjustments.Key Financial Highlights PAN HR Solutions demonstrated robust performance in H2 FY26, with total income growing 28.04%...

SBI Surges with Record Profit: Bank Pays Rs 8,813 Crore Dividend to Government Amid Strong FY26 Earnings State Bank of India (SBI) has demonstrated exceptional financial strength by paying a substantial dividend cheque amounting to Rs 8,813 crore for the financial year 2025-26. This payout was made to the Ministry of Finance, reflecting the public sector lender's robust performance and impressive business growth during FY26.SBI Chairman C S Setty officially handed over the dividend check to Union Finance Minister Nirmala Sitharaman, as confirmed by the Ministry of Finance on Monday. The decision highlights the bank’s solid profitability despite the demands of operating a massive financial institution.Financial Highlights and...

Touchwood Entertainment Wins Property Development Project from DMRC in Delhi Metro Network Touchwood Entertainment Limited has secured a Letter of Acceptance (LOA) from the Delhi Metro Rail Corporation Limited (DMRC) for a major property development project within the Delhi Metro Network. The Board of Directors announced the outcome of this business award, which involves a collaboration with Hometown Properties Private Limited.The LOA, dated June 2, 2026 and received by the company on June 6, 2026, confirms the appointment of a consortium to handle the property development on a specific land parcel in Delhi.Key Details of the DMRC Project Award The project involves developing a land plot located at Mohan Estate Metro Station, Line-6...

India-US Trade Deal Hinges on Tariff Clarity: Market Access Talks Intensify Amid USTR Actions India's bilateral trade negotiations with the United States appear to be at a critical juncture, contingent upon clarity regarding the tariff rates applicable to Indian exports following July. A government source involved in the talks indicated that finalization of the first tranche of the proposed deal is directly linked to the outcome of pending tariff discussions under Section 301 of the US Trade Act.The current 10 percent tariff rate, which is set to lapse in July, must be replaced by a mutually acceptable MFN (Most Favoured Nation) tariff or new tariffs finalized by the USTR. This required rate must also remain competitive when compared...

Avantel Ltd Secures Rs 9.94 Crore Contract from DRDO for Satellite Terminal Development Avantel Limited has secured a contract worth Rs 9.94 Crores from the Defence Research and Development Organisation (DRDO), Ministry of Defence, Government of India. The agreement involves the development and testing of Satellite Terminals intended for GSAT.The contract was awarded to Avantel Ltd, confirming the company's involvement in critical defence technology projects.Key details regarding the order include a 24-month warranty period. The contract falls under the Manufacturing and Service nature and is expected to be executed by December 2028.Avantel Ltd holds the manufacturing and service agreement with the DRDO, which is described as a...

AVSL Industries Appoints Suman Arora as Company Secretary and Compliance Officer AVSL Industries Limited has announced the appointment of Ms. Suman Arora as the Company Secretary and Compliance Officer (Key Managerial Personnel) following a Board meeting held on May 23, 2026. The appointment positions her as a Whole-Time Key Managerial Personnel (KMP) within the company.Ms. Arora holds a degree in law and is an Associate Member of the Institute of Company Secretaries of India, holding Membership No. A-40049. She brings more than seven years of post-qualification experience across core areas such as corporate secretarial functions and compliance management.The details pertaining to Ms. Arora’s appointment are summarized below...

Tata Teleservices Confirms Status Following Surveillance Inquiry Tata Teleservices (Maharashtra) Ltd has confirmed its status in relation to a recent surveillance query concerning volume movements. The company addressed the matter, affirming that it maintains diligence regarding corporate disclosures.The firm stated that it consistently provides any requisite event or information under regulatory mandates. Regarding the specific subject of the inquiry, Tata Teleservices reported that there is nothing further to disclose at this time.TTML Stock Price Movement Shares of Tata Teleservices (Maharashtra) Limited shed 6.54% in trading today, settling at ₹43.48 after closing the session. The stock saw a daily traded volume of 6.71 million...

Rushil Decor Limited Laminate Manufacturing Unit Commences Regular Commercial Operations in Gujarat Rushil Decor Limited has announced that its RHPL Laminate Sheets Manufacturing Unit, located in Mansa, Gujarat, has successfully commenced regular commercial operations.The update follows previous intimation regarding the unit's shutdown period. The facility had been undergoing technological upgradation and an extension of the shutdown period had been communicated previously by the company.Rushil Decor Limited confirmed that the RHPL Laminate Sheets Manufacturing Unit is now back to full operational status, successfully completing its upgrade cycle in Mansa, Gujarat.RUSHIL Stock Price Movement Shares of Rushil Decor Limited slipped...

Star Imaging And Path Lab Ltd Upgrades Tilak Nagar Centre with Toshiba Aquilion CT Scanner Star Imaging And Path Lab Limited has significantly enhanced its diagnostic capabilities by installing a Toshiba Aquilion ONE 1184 Slice/Second CT Scanner at its existing centre located in Tilak Nagar, New Delhi. This major technological upgrade reinforces the company's commitment to strengthening healthcare infrastructure and improving diagnostic outcomes for patients served by the North India based firm.The installation of the advanced CT scanner is set to offer superior speed, accuracy, image quality, and enhanced patient comfort across critical medical procedures. The technology provided by the Toshiba Aquilion ONE 1184 Slice/Second CT...

Future Consumer Limited: NCLT Hearing Against SBI Deferred Until July 15, 2026 Future Consumer Limited has received an update regarding its matter before the National Company Law Tribunal (NCLT) involving State Bank of India (SBI). The hearing in the case is scheduled to be deferred until July 15, 2026.The deferral was made by the bench due to an order that is reserved against the company in another related legal matter, specifically the case of Resurgent versus Future Consumer Limited.This update follows a prior disclosure from the company dated June 4, 2026, regarding the filing of the case at NCLT (Mumbai) against the organization by SBI. The company stated that it will continue to provide updates on the status of this matter...

Aye Finance Approves Issuance of Up To USD 15 Million in Non-Convertible Debentures Aye Finance Ltd, formerly AYE FINANCE PRIVATE LIMITED, has confirmed that its Working Committee of Asset and Liabilities Committee (WALCO) approved the offer and issuance of senior, secured, rated, listed, redeemable, transferable, non-convertible debentures. The transaction is set to be executed on a private placement basis, targeting an aggregate nominal value of up to INR equivalent of USD 15 million.The debentures are structured with a face value of INR 1,00,000 each. WALCO reviewed and approved the offer during its meeting held on June 8, 2026.Debenture Structure and Timeline The issued instruments are intended for listing on the Wholesale Debt...

CCI Closes File on Airport Monopoly Claims: Allegations of Taxi Dominance and Price Fixing Strike Down The Competition Commission of India (CCI) has directed the closure of an Information pertaining to alleged anti-competitive practices at Shaheed Bhagat Singh International Airport. The case, which centered on claims of monopolistic control by a licensed taxi service provider, was dismissed after the Commission found no prima facie evidence of contravention of Sections 3 and 4 of the Competition Act, 2002.The decision comes after an investigation into allegations raised against Nanuan's (Nanuan Travels), a licensed luxury car rental company operating in Chandigarh and Mohali areas. The matter involved both OP-1 (the taxi operator) and...

Goldiam International Ltd Opens 25th Retail Store for Lab-Grown Diamond Jewellery in Udaipur Goldiam International Ltd has expanded its retail footprint by opening the 25th store dedicated to lab-grown diamond jewellery under its brand 'ORIGEM'. The new outlet is located in Udaipur, Rajasthan, and was opened to the public on June 8, 2026.The launch of this new facility marks a strategic step for Goldiam International as it continues efforts to expand its retail presence and strengthen customer engagement across crucial markets.In addition to the latest opening in Udaipur (Shop No. M-0019, Urban Square Mall, Udyog Vihar, RIICO Industrial Area), Goldiam has established a significant retail network spanning various metropolitan areas...

Valuation Surge Drives Reserves Accretion as BoP Deficit Widens Amid Global Shifts The Reserve Bank of India (RBI) has released detailed data on the sources of variation in India's Foreign Exchange Reserves for 2025-26, offering a nuanced view of reserve changes. While nominal reserves saw an increase driven heavily by valuation effects, underlying Balance of Payments (BoP) dynamics showed a widening deficit when valuations are excluded.The RBI report indicates that foreign exchange reserves in nominal terms increased by US$ 22.8 billion during 2025-26. This contrasts with the BoP calculation, which shows a reduction of US$ 23.6 billion on a BoP basis (excluding valuation effects).Valuation Gains Dominate Reserve Accretion The...

DevX Expands Bengaluru Presence, Acquires 1.11 Lakh Sq Ft in Partnership with Prestige Group Dev Accelerator Limited, one of India's fast-growing premium managed workspace providers, has significantly scaled up its operations in Bengaluru through a strategic partnership with the Prestige Group. The acquisition involves two premium Grade A+ office assets on the Outer Ring Road (ORR), adding over 1,200 seats and totaling 1.11 lakh square feet to DevX's portfolio.This major expansion is expected to generate approximately ₹2.2 crore in monthly revenue for Dev Accelerator Limited.The company has secured two key developments: Prestige Lakeshore Drive and the Prestige Featherlite Tech Hub. These assets cater to the high demand for...

Rupee Plunges 56 Paise as Geopolitical Tensions and Oil Spike Pressurize Currency Markets The Indian Rupee depreciated significantly, settling at 95.74 (provisional) against the US Dollar on Monday. This decline, amounting to 56 paise from its previous close, was primarily driven by heightened geopolitical tensions and a sharp surge in crude oil prices.Forex traders noted that the USD/INR pair nullified the gains seen during the previous trading session due to increased risk aversion across global markets. A combination of rising oil prices and strengthening dollar sentiment significantly dented investor confidence.Foreign Exchange Market Dynamics and Analyst Views At the interbank foreign exchange market, the rupee opened at 95.35...

Anupam Misra Appointed Chairman and Managing Director of Hindustan Copper Limited The Ministry of Mines, Government of India has officially appointed Shri Anupam Misra as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL). The appointment is effective from the date of his assumption of charge, provided it is on or after July 01, 2026.Shri Anupam Misra holds the position of Director (Marketing) at Fertilisers and Chemicals Travancore Limited (FACT Ltd.).The decision was conveyed by the Ministry of Mines, Government of India, confirming his appointment in accordance with Article 70(1) of the Articles of Association of Hindustan Copper Limited, a Miniratna CPSE operating under the Ministry of Mines.According...

Shanti Gold International Ltd Commences Commercial Production at Expanded Mumbai Facility Shanti Gold International Limited, a prominent gold jewelry manufacturer in India, has commenced commercial production at its newly expanded manufacturing facility located in Marol, Andheri East, Mumbai, as of June 08, 2026. The successful completion of the capacity expansion project strengthens the company's position to service existing clients and pursue new strategic partnerships across both domestic and international organized jewelry retail markets.The expansion adds approximately 4,000 kgs per annum to the company's manufacturing capacity. The facility is located at Ground to 3rd Floor, Plot No. 1, Compartment No. 5, Concast House, Marol...