Markets

V Marc India Completes GST Survey Proceedings; Reports No Material Impact on Operations V-MARC India Limited confirmed that its business operations remain normal following the completion of a survey and search process conducted by the State Goods and Services Tax Department.The company reported that the proceedings were carried out by the Office of Additional Commissioner (Departmental) Uttarakhand (State Goods and Services Tax Department). The GST Survey/Search took place on 04 June, 2026, covering the principal place of business and additional locations.V-MARC India stated it fully cooperated with the departmental officials during the process, providing all requested documents, information, and clarifications to the authorities...

Navin Fluorine Subsidiary Invests in Power SPV for Strategic Energy Security at Dahej Unit Navin Fluorine Advanced Sciences Limited (NFASL), a Wholly Owned Subsidiary of Navin Fluorine International Limited, has entered into agreements with Pro-Zeal Green Power Twenty Private Limited (SPV) and Prozeal Green Power Private Limited (PGPPL). The agreements facilitate the supply and investment for hybrid power generation at NFASL's Dahej Unit.The arrangements include a Power Supply and Offtake Agreement with the SPV, providing a 15-year lock-in for supplying 5MW of hybrid power to the unit. Simultaneously, NFASL has committed to an investment in the SPV alongside PGPPL.The total planned investment by NFASL does not exceed ₹5.50 crores...

Vdeal System Limited Secures Order Worth ₹ 47.78 Lakh for Power Distribution System Supply Vdeal System Limited has been awarded a new contract for the supply of a Power Distribution System, valued at ₹ 47,78,247.78. The order was received from NALCO and falls under the normal course of business for the company.The contract involves supplying the Power Distribution System as per the purchase order specifications. This achievement is noted by the management as a step towards sustained business growth and enhanced shareholder value.Details regarding this significant contract with NALCO are summarized below:Particular DetailsClient Name NALCOOrder Value ₹ 47,78,247.78Nature of Contract Supply of power distribution system...

Garlon Polyfab Industries Ltd Reports Financial Results and Balance Sheet Details for Period Ended March 2025 Garlon Polyfab Industries Limited has released its financial results and standalone statements of assets and liabilities for the quarter and year ended March 2025. The company’s performance metrics, including profit and loss from continuing operations, alongside a detailed view of its balance sheet, were disclosed in the quarterly report.The financial summary reflects various operational components, with key figures presented across different accounting standards. Net sales figure for the quarter was reported at ₹1,376.33 million (in lacs). The company’s profit or loss from continuing operations for the period stood at (₹1.22)...

Le Travenues Technology Acquired 54.66% Stake in Brevistay Hospitality and Invested in Two AI Companies Le Travenues Technology Limited (LTL) announced that its Board of Directors approved several strategic investments, including the acquisition of a majority stake in Brevistay Hospitality Private Limited and significant investments into two specialized technology firms focused on artificial intelligence (AI). The decisions were made during a board meeting held on June 05, 2026.The Company's investments span both the travel tech industry and advanced AI capabilities. As part of its strategy to strengthen its online hotel booking business, LTL acquired a 54.66% stake in Brevistay Hospitality Private Limited for a total consideration of...

Motilal Oswal Financial Services Changes Company Website Domain Name Motilal Oswal Financial Services Limited has announced a transition in its corporate digital presence, changing the domain name of its official website.The company has moved from www.motilaloswalgroup.com to www.motilaloswal.com.To ensure continuity for all users and stakeholders, Motilal Oswal has implemented necessary measures during this transition. All individuals visiting the previous domain will be automatically redirected to the new site. This ensures that visitors can continue to access all information, documents, and services previously available on www.motilaloswalgroup.com via the updated domain, www.motilaloswal.com.MOTILALOFS Stock Price Movement...

Asian Granito Completes Fractional Share Proceeds Distribution Following Composite Scheme of ArrangementThe Audit Committee and Independent Directors of Asian Granito India Ltd have certified the distribution of proceeds related to fractional shares that arose from a Composite Scheme of Arrangement involving the company, Adicon Ceramica Tiles Private Limited (Demerged Company), and Adicon Ceramics Limited.The scheme became effective on March 01, 2026, following the sanctioning of the arrangement by the National Company Law Tribunal. The scheme entails the transfer of tiles business and ancillary support services from Adicon Ceramica Tiles Private Limited to Adicon Ceramics Limited.In line with Clause 10 of the scheme, equity...

RBI to Inject ₹75,000 Crore Liquidity via 4-Day VRR Auction on June 8th The Reserve Bank of India (RBI) has officially announced plans to conduct a Variable Rate Repo (VRR) auction under the Long-Term Accepted Funds (LAF). This strategic move aims to review and manage evolving liquidity conditions within the financial system. The Central Bank confirmed that the auction will take place on Monday, June 08, 2026.The VRR is a critical tool used by the RBI to absorb excess liquidity in the markets. By conducting this specific repo operation, the RBI seeks to stabilize funding mechanisms and manage short-term interest rate expectations. The issuance details confirm that institutions will have a targeted opportunity to participate.Key...

SEBI Imposes Penalties and Bans Securities Dealing on Veerkrupa Jewellers Ltd and Director Chirag Arvind Shah Veerkrupa Jewellers Ltd has received an order from the Quasi-Judicial Authority of the Securities and Exchange Board of India (SEBI) concerning alleged violations. The order results in a monetary penalty being imposed on Managing Director, Mr. Chirag Arvind Shah, and imposes restrictions on both the company and its director regarding market activities.The SEBI order addresses alleged contraventions involving Sections 12A(a), 12A(b), and 12A(c) of the SEBI Act, alongside specific regulations pertaining to PFUTP Regulations.As per the details provided by the authority, the sanctions include a monetary penalty of Rs. 20 lakhs...

Vivid Mercantile Ltd Penalized by SEBI; Director Faces Monetary Penalty as Company Ordered to Disgorge Amount Vivid Mercantile Ltd has received an order from the Quasi-Judicial Authority of the Securities and Exchange Board of India (SEBI). The order relates to alleged violations of provisions of the SEBI Act, resulting in financial penalties for both the company and its director, Mr. Satish Ramanlal Gajjar.As per the details provided by the authority, the Company is liable to disgorge an amount of Rs. 40,84,556/-. Additionally, a monetary penalty of Rs. 10 lakhs has been imposed on Mr. Satish Ramanlal Gajjar under Section 15HA of the SEBI Act.Both Vivid Mercantile Ltd and Mr. Satish Ramanlal Gajjar have also been restrained from...

Jio Financial Services Executives Participate in Citi India Conference 2026 Jio Financial Services Limited executives participated in the Citi India Conference 2026, an institutional investors' meeting organized by a third party. The participation provided insights into the company's engagements with stakeholders during this industry event.The conference details show that the meeting took place on June 5, 2026, and included interactions of both a one-on-one and group nature in Mumbai.The core purpose of the engagement, as reported by the company, was strictly to discuss information that is already available in the public domain. The organization confirmed that no unpublished price sensitive information was shared or discussed during...

Sammaan Capital Limited Makes Timely Interest Payments on Secured Redeemable Non-convertible Debentures Sammaan Capital Limited, also known as Indiabulls Housing Finance Limited, has reported the timely payment of interest amounts pertaining to its Secured Redeemable Non-convertible Debentures (SRNDs). The payments relate to the debentures issued through a Public Issue and listed on the stock exchanges.The company provided detailed information regarding the interest payments made across two different debenture issues. These payments were completed as scheduled, adhering to the specified payment terms for both debt instruments.The financial details of the interest payments are summarized below:ISIN Issue Size (in INR lacs)...

Ikoma Technologies Announces Rights Issue, Approves Acquisition of ICM Insurance Brokers for Strategic Expansion Ikoma Technologies Limited (formerly Vuenow Infratech Limited) has announced significant business decisions following its Board of Directors meeting held on June 05, 2026. The board approved two major strategic moves: a rights issue to eligible shareholders and the acquisition of M/s. ICM Insurance Brokers Private Limited.Regarding its capital structure, Ikoma Technologies is planning a fundraising initiative through a Rights Issue. This issuance targets up to Rs. 50,00,00,000/- (Fifty Crores) in fully-paid up equity shares. The Board has established a dedicated Rights Issue Committee to finalize critical terms and...

Spandana Sphoorty Financial Ltd Concludes Term of Independent Director Deepak Calian Vaidya Spandana Sphoorty Financial Ltd has announced that Mr. Deepak Calian Vaidya is no longer an Independent Director of the company. His cessation was effective from the close of business hours on June 5, 2026.The change in board composition follows the successful completion of his second term as an Independent Director.According to details provided regarding the completion of the tenure, Mr. Vaidya is not related to any other Directors currently serving on the Board of Spandana Sphoorty Financial Ltd.Key details concerning the cessation of Mr. Deepak Calian Vaidya from the board are summarized below:Details of Events ParticularsReason...

EIH Associated Hotels Recommends Dividend of Rs 3.50 Per Share, Details TDS Structure and Bank Account Mandates EIH Associated Hotels Limited, a member of The Oberoi Group, has announced a recommended dividend for its shareholders, along with comprehensive guidelines regarding Tax Deduction at Source (TDS) and updates concerning bank account details.The Board of Directors of EIH Associated Hotels Limited, in a meeting held on Friday, May 22, 2026, recommended a dividend of Rs 3.50 per equity share. This recommendation pertains to the Financial Year ended March 31, 2026, and is based on a face value of Rs 10/- per share.As dividend payments are subject to taxation under the Income Tax Act, 2025, the company provided detailed...

General Manager - Human Resources at Astec LifeSciences Limited Resigns to Pursue New Opportunity Astec LifeSciences Limited has announced the resignation of its Senior Management Personnel in the form of Ms. Vijayalakshmi Iyer. The change relates to her role as General Manager - Human Resources, effective June 5, 2026.Ms. Iyer tendered her resignation following careful consideration and has accepted a new opportunity that aligns with the next phase of her career. She expressed gratitude for the experiences gained during her tenure at Astec LifeSciences Limited. The company noted that there was no other material reason for the resignation besides seeking this new role.The particulars regarding the change, which involves the...

National Company Law Tribunal Sanctions Composite Scheme Involving Happiest Minds Technologies Limited and Puresoftware Technologies Private Limited The composite scheme of arrangement involving Puresoftware Technologies Private Limited and Happiest Minds Technologies Limited has been approved by the Hon'ble National Company Law Tribunal (NCLT), Bengaluru Bench. The approval grants sanction to the merger, subject to various conditions and requirements specified by the statutory authorities.The scheme concerns the amalgamation of Puresoftware Technologies Private Limited (the Transferor Company) with Happiest Minds Technologies Limited (the Transferee Company).Key details regarding the companies and the sanction are as follows...

ICRA Reaffirms Karur Vysya Bank's Credit Rating for Deposit Programme ICRA has reaffirmed the credit rating for the Certificate of Deposit Programme issued by Karur Vysya Bank Ltd (KVB). The reaffirmation covers an instrument valued at Rs 10,000 Cr.The rating details confirm that ICRA maintained its previous assessment for the bank's deposit programme.According to the data released, the credit rating status and action are as follows:Credit Rating AgencyInstrumentExisting RatingRevised RatingRating ActionICRACertificate of Deposit Programme for Rs 10,000 CrICRA A1+ICRA A1+ReaffirmedThe rating was received from ICRA on June 05, 2026. The reaffirmation pertains specifically to the Credit Rating Intimation regarding the...

India’s Economy Surges: PM Modi Highlights 7.8% Q4 Growth, Vows Push for 'Ease of Doing Business' India's economic trajectory received significant endorsement from Prime Minister Shri Narendra Modi today. He strongly emphasized that the nation maintains robust growth momentum, attributing this success to comprehensive reforms and the collective effort of its populace. The data highlights underscore the underlying strength of the Indian economy amidst ongoing developmental initiatives.Assessing India's Robust Economic Momentum The Prime Minister pointed to recent performance indicators as evidence of a resilient and thriving economy. He stated that the GDP growth rate stood at 7.7% in FY 2025-26. Furthermore, the momentum continued...

E85 Rollout Surges Across 48 Retail Outlets; India Slashes Foreign Exchange Imports with Domestic Ethanol Revolution The Government of India has marked a significant milestone in its energy transition strategy with the commencement of E85 fuel across 48 retail outlets (ROs) of Public Sector Oil Marketing Companies (OMCs). The launch, highlighted on World Environment Day 2026, solidifies the move toward sustainable and affordable domestic fuels.E85 is a high-ethanol blended fuel designed specifically for flex-fuel vehicles (FFVs). It comprises 80-85 per cent ethanol and 14-19 per cent petrol. This initiative aims to boost the adoption of FFVs, which are capable of running on ethanol blends ranging from E20 to E100 without restrictions...