Markets

SBI Life Insurance Cancels Planned Investor and Analyst Meets Due to Exigency SBI Life Insurance Company Limited has announced the cancellation of two scheduled group investor meets originally slated for June 2026. The decision was made due to exigency, affecting participation in specific industry conferences.The company had planned engagements with major financial institutions and securities firms. These meetings were part of the outreach scheduled by SBI Life Insurance.The canceled conferences are as follows:ConferenceHostDateCiti - India Conference 2026CitiJune 4, 2026ICICI Securities - India Investor ConferenceICICI SecuritiesJune 8, 2026SBI Life Insurance reported the cancellation of these events, providing...

Tega Industries Australia Pty Ltd Deregistered by ASIC Tega Industries Limited has announced the deregistration of its wholly owned subsidiary, TEGA INDUSTRIES AUSTRALIA PTY LTD, following completion of requisite legal procedures.The Australian Securities & Investments Commission (ASIC) formally deregistered Tega Industries Australia Pty Ltd, effective June 02, 2026. This action was part of a process that included the reduction of the subsidiary's share capital through a return of capital to the parent company.Tega Industries Limited stated that the deregistration, which was managed in accordance with applicable laws of the relevant jurisdiction, means that the subsidiary is no longer operational under Australian registration. The...

Aurobindo Pharma Secures Final US FDA Approval for Tofacitinib Tablets, 5 mg and 10 mg Aurobindo Pharma Limited has obtained final approval from the U.S. Food & Drug Administration (USFDA) to manufacture and market Tofacitinib Tablets, available in 5 mg and 10 mg strengths. The tablets are noted as being bioequivalent and therapeutically equivalent to the reference listed drug (RLD), Xeljanz Tablets, 5 mg and 10 mg of PF Prism C.V.The product will be launched immediately and manufactured at APL Healthcare Unit IV, a wholly owned subsidiary of the company.According to IQVIA MAT data for the twelve months ending April 2026, the estimated market size of Tofacitinib Tablets, 5 mg and 10 mg in the U.S. is approximately US$ 494 million...

PTC India Financial Services Announces Leadership Changes; Rajiv Malhotra Re-designated as MD & CEO (Addl. Charge) PTC India Financial Services Limited has announced a key leadership change following its Board of Directors meeting held on June 4, 2026. The company confirmed that Shri Rajiv Malhotra has been re-designated from his role as Nominee Director to the position of Managing Director and Chief Executive Officer (MD & CEO) (Addl. Charge), effective July 1, 2026.The appointment places Mr. Malhotra in a transitional capacity, serving until November 30, 2026, which coincides with his superannuation date from PTC. The role is subject to subsequent approval by the shareholders of the Company. Currently, Shri Rajiv Malhotra holds the...

Hitech Corporation Limited Appoints New Peer Review Company Secretary for Delisting Process Hitech Corporation Limited has announced a change in the appointment of its Peer Review Practicing Company Secretary responsible for conducting due diligence and auditing related to the company's voluntary delisting proposal. The update follows communication from the previously appointed firm regarding their unavailability for the assignment.The Board of Hitech Corporation Limited passed a resolution on June 4, 2026, appointing Mrs. Prerana Jadhav as the new Peer Review Practicing Company Secretary. This appointment is intended to ensure the uninterrupted progression of the delisting process and compliance with statutory timelines.Mrs...

IVP Limited faces civil suit from accused in employee fraud matter IVP Limited has been notified that the individual accused of corporate misconduct has initiated legal proceedings against the company and some of its officials.The lawsuit was filed against IVP Limited and select company officers in a court located in Gautam Budh Nagar, Greater Noida, Uttar Pradesh 201 306. The action relates to the ongoing matter concerning alleged fraud by an employee of the corporation.In response to the development, the Company stated that it does not believe the claims presented in the civil suit are tenable. IVP Limited intends to take all necessary legal steps to defend its interests in this matter.The company confirmed that any further...

Tata Technologies Launches 4th Edition of InnoVent Hackathon Focused on 'AI at the Edge' Tata Technologies has launched the fourth edition of its flagship engineering innovation hackathon, InnoVent-27. This year, the initiative is being significantly enhanced through a collaboration with Emerson’s Test & Measurement business and Amazon Web Services (AWS). The contest aims to provide engineering students across India with an advanced platform to develop innovative solutions centered on the theme 'AI at the Edge'.The hackathon challenges participants to leverage localized, real-time intelligence. The core focus is on developing AI solutions for Automotive, Industrial Heavy Machinery, and Aerospace sectors, driving next-generation...

SEBI Issues Warning Letter to ICICI Bank Over Foreign Portfolio Investor Repatriation Issue SEBI has issued a warning letter to ICICI Bank Limited concerning the repatriation of funds by a Foreign Portfolio Investor (FPI). The bank was involved as the Custodian in the transaction.The regulatory action follows the permission granted for an FPI to repatriate funds prior to the completion of the committed retention period under the Voluntary Retention Route. This action was noted as being in violation of the Reserve Bank of India Master Direction dated January 7, 2025 and SEBI (Foreign Portfolio Investors) Regulations, 2019.ICICI Bank Limited stated that the incident had no material impact on its financial operations or other...

FDC Limited Stock Seizure of 'Enerzal' Product by Maharashtra Food and Drug Administration Food Safety Officials from the Food & Drug Administration, Maharashtra, have seized stock of FDC Limited's product, 'Enerzal', and collected samples for examination following an inspection conducted at the company's depots in Chhatrapati Sambhaji Nagar and Nagpur. The seizure action relates to alleged misbranding of the product.The investigation was initiated after the authority received direction regarding the matter on June 3, 2026. The Food & Drug Administration initiated the action concerning the seizure of stock and sample collection.Details regarding the inspection and its immediate findings are as follows:ParticularsDetailsName...

RPSG Ventures Sells Entire Investment in Three Companies to Private Buyers RPSG Ventures Limited has sold its complete investment stake in three entities: M/s. Momjunction Private Limited, M/s. Incnut Digital Private Limited, and M/s. Incnut Stylecraze Private Limited. The investments were transferred through Share Purchase Agreements (SPAs) dated May 7, 2026, to buyers Veerendra Shivhare, Sangram Simha Datla, and Chaitanya Chakravartin Nallan.The sale involved the transfer of Compulsory Convertible Preference Shares (CCPS), which were set to be converted into Equity Shares in a 1:1 ratio prior to the sale and transfer specified in the SPAs. The transaction details across the three companies are as follows:Entity NameNumber of...

JK Lakshmi Cement Invests in Solar Power Projects through Acquisitions of Two SPVs JK Lakshmi Cement Limited is strategically moving into renewable energy sourcing by acquiring equity stakes in two specialized solar power ventures: DynoSpark Private Limited and Elevate Solar Energy Private Limited. The investments are aimed at setting up captive solar power plants at various plant locations to reduce operational costs.The move reflects the company's commitment to increasing the sourcing of Renewable Power to mitigate electricity costs across its industrial base. Both acquisitions involve a cash consideration and are projected to be completed by October 31, 2026.Investment in DynoSpark for Udaipur Plant The acquisition of an equity...

Sagility Limited Receives GST Order for Export of Services, Totaling Over 90 Lakhs Sagility Limited has received an order from the Department of Commercial Taxes, Karnataka, concerning a Goods and Services Tax (GST) demand related to service exports. The demand covers the period spanning April 2022 to March 2023, resulting in a total amount including interest and penalty.The order was issued under Form GST DRC-07, pursuant to Section 73(9) of both the Karnataka Goods and Services Tax Act, 2017, and the Central Goods and Services Tax Act, 2017. The demand amounts to Rs. 90,44,596.According to details provided by the company, the GST Audit Authorities invoked GST on export of services and denied input tax credit on certain credit...

GP Eco Solutions Achieves Strong Growth, Driven by Focus on BESS Technology GP Eco Solutions India Limited has shown sustained growth and strong financial performance as it solidifies its position in India's renewable energy sector. The company is aggressively focusing on Battery Energy Storage Systems (BESS), aligning with the nation's clean energy transition goals.Entering FY25-26, GP Eco Solutions continued its expansion momentum, reporting a significant increase in revenue and net profit after tax (PAT). Management has set ambitious growth targets, aiming for a 3x revenue increase in FY27 and a 5x growth in FY28, building upon the foundation laid in FY26.The company’s strategic focus is heavily placed on BESS, which it...

GB Global Limited Approves Re-appointment of Paresh Jain as Independent Director GB Global Limited has announced that its Board of Directors unanimously approved the re-appointment of Mr. Paresh Jain as an Independent Director for a second term. The decision was made during the Board meeting held on June 4, 2026, at the company's registered office.The appointment extends Mr. Jain’s tenure by five years. He is set to serve in this capacity from June 5, 2026, up to June 4, 2031. The re-appointment of Mr. Jain is subject to approval from shareholders at the ensuing General Meeting.The Board meeting commenced at 05:30 p.m. on June 4, 2026, and concluded at 6:20 p.m.Director Appointment DetailsA summary of the appointment details for...

Lyka Labs Limited to Receive Rs 63 Lakh Claim Amount from Modi Life Care Industries After Appellate Tribunal Order Lyka Labs Limited has received an order from the National Company Law Appellate Tribunal regarding a claim against it by Modi Life Care Industries Limited. The company was directed by the tribunal to receive the claim amount of Rs 63,00,000/- within 30 days from the date of the order.The directive was received by Lyka Labs Limited on June 4, 2026, following proceedings before the National Company Law Appellate Tribunal at its Principal Bench in New Delhi. The matter relates to an appeal filed under Section 61 of the Insolvency and Bankruptcy Code 2016.As per the order, Lyka Labs Limited is expected to receive Rs...

Karur Vysya Bank Opens 903th Branch in Chennai, Strengthens South Indian Footprint Chennai, June 4, 2026: Karur Vysya Bank (KVB) has expanded its reach across Tamil Nadu with the inauguration of a new branch in Villivakkam, Chennai. The opening marks the bank's 903rd branch nationwide.The new branch, located at No. 12/4, Sidco Nagar, Villivakkam, was officially inaugurated by Dr. M. S. Shanmugam, Principal Secretary / Commissioner of Tourism & Managing Director of TTDC. Dr. Vasantha Gowri, Trustee of KRM Group of Schools, performed the ceremonial lamp lighting to mark the auspicious occasion.Shri Ramesh Babu, Managing Director and CEO of Karur Vysya Bank, commented on the expansion, stating that the Villivakkam branch brings modern...

Shradha Realty Announces Financial Results for FY 2026; Recommends Final Dividend Shradha Realty Limited (formerly known as Shradha Infraprojects Limited) has released its audited financial results for the quarter and full financial year ended March 31, 2026. The company also approved a proposal for a final dividend and announced key appointments related to its corporate governance structure.The Board of Directors held a meeting on Saturday, May 30, 2026, where it reviewed and approved the audited results, which are available alongside the consolidated statements and balance sheet.Financial Performance Highlights (March 31, 2026) For the quarter ending March 31, 2026, Shradha Realty reported strong performance across its operations...

Financial Firm Schedules E-Auction for Immovable Property in Gurugram Can Fin Homes Ltd has announced a forthcoming e-auction to recover outstanding dues from Mrs. Sheela Devi and Mr. Bhajan Lal, concerning an immovable property located in Vishnu Garden, Gurugram. The sale of the asset is being conducted under the Security Interest (Enforcement) Rules, 2002.The auction aims to recover Rs. 1,13,94,118/- due to Can Fin Homes Ltd from the borrowers, Mr. Bhajan Lal and Mrs. Sheela Devi, along with a guarantor, Mr. Mahesh Kumar Vashisht.Details of the upcoming property sale are as follows:DetailInformationSecured CreditorCan Fin Homes Ltd (Dharuhera Branch)Borrower(s)Mrs. Sheela Devi W/o Mr. Bhajan Lal and Mr. Bhajan Lal S/o...

Juniper Hotels Completes Share Purchase Agreement for Hospitality Assets, Eyes 5-Star Hotel Development Juniper Hotels Limited has executed a Share Purchase Agreement (SPA) with Juniper Hospitality Assets Private Limited (JHAPL) and its Seller shareholders. The agreement was finalized on June 02, 2026.The acquisition focuses on developing a significant 5 Star Hotel property located in Sector 23, Dwarka, New Delhi. The land parcel involved in the project measures approximately 2.524 acres, having been successfully designated for license rights by JHAPL.The transaction involves Juniper Hotels Limited acquiring all shares of JHAPL. Prior to this acquisition, Juniper Hotels Limited held no shares in JHAPL. Following the completion of...

PNB Housing Finance Announces Grant of ESOPs and RSUs Under Employee Benefit Schemes PNB Housing Finance Ltd has granted a total of 20,000 options under its ESOP Scheme II 2018 and 4,000 Restricted Stock Units (RSUs) under the RSU Scheme 2022 to eligible employees. The grant was approved by the Nomination and Remuneration Committee on June 04, 2026, as part of initiatives designed to attract, reward, and retain talented employees.The granted equity incentives are set out with specific vesting schedules and pricing structures tailored for each scheme.ESOP Scheme II 2018 Details Under the ESOP Scheme II 2018, PNB Housing Finance granted 20,000 options to eligible employees. These options grant entitlement to one equity share of the...