Markets

Magellanic Cloud's Subsidiary Secures Letter of Intent from Manappuram Finance for AI-Powered E-Surveillance Mumbai, June 30, 2026 — Magellanic Cloud Limited (NSE: MCLOUD), a provider of technology solutions, has announced that its wholly-owned subsidiary, IVIS International Private Limited, has received a Letter of Intent (LOI) from Manappuram Finance Limited. The proposed partnership focuses on delivering outsourced Command & Control Centre (CCC) e-surveillance services across Manappuram Finance's branch network.Under the scope of the proposed engagement, IVIS is set to deploy a comprehensive, end-to-end security solution across the gold loan institution’s extensive operations. This rollout involves the supply, installation...

Northeast Broking Services Sells Equity in MTAR Technologies Ltd Northeast Broking Services Limited has completed the disposal of equity shares in MTAR Technologies Limited, reducing its stake in the company. The sale was reported on 29 June 2026.The sale involves Northeast Broking Services Limited, a member of the promoter group of MTAR Technologies Limited. The organization sold a portion of its existing equity holdings in the technology firm.Prior to the disposal, Northeast Broking Services Limited held shares representing 12,500 units, amounting to 0.04% of the total voting capital of MTAR Technologies Limited. As part of the transaction, the company disposed of 2,500 shares, which represented 0.01% of the total diluted...

Aspinwall and Company Limited to hold 106th Annual General Meeting on July 23, 2026 Aspinwall and Company Limited has scheduled its 106th Annual General Meeting (AGM). The meeting is set for Thursday, July 23, 2026, starting at 11:00 A.M.The company has also fixed the record date for the AGM as July 16, 2026. This date determines the entitlement of members to cast their vote electronically for the business to be transacted during the Annual General Meeting. Furthermore, the record date is relevant for determining eligibility for any dividend that may be declared.ASPINWALL Stock Price Movement Shares of Aspinwall and Company Limited are edging higher to ₹254.39 as of 11:22 AM today, reflecting a solid 1.12% gain. The stock has seen...

True Green Bio Energy appoints Ms. Trusha Shah as Non-Executive Independent Director True Green Bio Energy Ltd., formerly CIL Nova Petrochemicals Ltd., has appointed Ms. Trusha Shah as an Additional Director designated as a Non-Executive Independent Director. The appointment is effective from June 30, 2026, and the position carries a term of five years, pending shareholder approval.The Board of Directors accepted the recommendation to appoint Ms. Shah for the role, with the director being granted tenure for five years starting on June 30, 2026.Ms. Trusha Shah is described as a qualified Company Secretary and an Associate Member of ICSI. She holds an M.Com from H.A. College of Commerce and possesses an LL.B degree from I.M. Nanavati...

SRM Contractors Bag Multiple High-Value Infrastructure Contracts Worth Over Rs 500 Crore SRM Contractors Limited has secured several significant infrastructure contracts from various government and state entities, totaling a contract value of Rs 5,00,99,20,213.10. The orders span diverse projects, including railway line protection work and road development in Maharashtra and Uttarakhand.The newly acquired contracts are with domestic organizations and cover complex infrastructure developments across multiple states and sectors. SRM Contractors Limited's portfolio now includes specialized assignments from MSIDC, Ministry of Road Transport & Highways (MoRT&H), and NFRLYConstruction.A detailed breakdown of the secured orders is...

True Green Bio Energy Appoints Ms. Trusha Shah as Non-Executive Independent Director The Board of Directors of True Green Bio Energy Ltd., formerly CIL Nova Petrochemicals Ltd., has approved the appointment of Ms. Trusha Shah as an Additional Director designated as a Non-Executive Independent Director. The appointment is effective from June 30, 2026, for a term of five years and is subject to shareholder approval.The decision was made following the recommendation of the Board Nomination and Remuneration Committee. Ms. Trusha Shah (DIN: 11782870) joins the company's board and brings extensive experience in corporate governance and regulatory adherence.Director Profile and Appointment DetailsMs. Shah holds a strong professional...

BCL Industries Completes Acquisition of Remaining Stake in Svaksha Distillery BCL Industries Ltd. has successfully completed the acquisition of the remaining 25% equity stake in M/s Svaksha Distillery Limited, making it a wholly owned subsidiary of the company. The transaction marks a significant milestone in BCL's strategic growth initiatives within the grain-based ENA and ethanol industry.The acquisition was executed through the purchase of 14,98,632 equity shares representing the final portion of the stakeholding. The total cash consideration for this transaction amounted to 155 crore, solidifying BCL's control over the distillery unit.With Svaksha Distillery now fully integrated into the company, BCL Industries is expected to...

Ajanta Groups Partners with Unicommerce to Streamline E-commerce Operations and Inventory Management New Delhi | June 30, 2026: Leading footwear brand Ajanta Group has formalized a partnership with Unicommerce to enhance and centralize its e-commerce operations across various online marketplaces and its Direct to Consumer (D2C) website.The association involves the onboarding of Unicommerce's Order Management System (OMS) and Warehouse Management System (WMS) solutions, which are designed to manage inventory and order fulfillment for Ajanta Group. This step aligns with the company’s strategic objective of meeting growing online demand and strengthening its digital market presence.Ajanta Group, which houses legacy brands such as...

Kirloskar Pneumatic Launches Tezcatlipoca A800, Marking India's First Indigenous Centrifugal Compressor in 600-980 CFM Range Kirloskar Pneumatic Company Limited has introduced the Tezcatlipoca A800 Model, an advanced two-stage centrifugal air compressor designed for critical industrial applications. The launch, which occurred on June 26, 2026, at Amanora The Fern in Pune, represents a major step forward in India's industrial compression sector.The A800 Model is the first indigenously designed and manufactured centrifugal air compressor available in the 600 to 980 CFM range. This launch delivers advanced centrifugal compression technology into a capacity segment where such solutions were previously scarce, offering customers a highly...

PM Takaichi Visit Highlights Massive Trade Deficit Amid Surging Strategic Cooperation in India-Japan Ties Japanese Prime Minister Sanae Takaichi’s arrival in India on July 1 has centered attention on the deepening strategic relationship between the two nations. The three-day annual summit underscores a partnership that has expanded significantly across infrastructure, defence, clean energy, and technology sectors. However, the economic picture remains mixed, as bilateral trade in goods continues to lag behind high-level investment commitments and strategic collaborations.Assessing the State of Bilateral Trade The current state of goods trade reveals a wide deficit between India and Japan. In FY26, total bilateral trade stood at $27.48...

Canara Bank Replaces Key Personnel: Chief General Manager and Group Compliance Officer Relieved Canara Bank has announced a change in its senior management, confirming that Shri. Rakesh Kashyap has been relieved from his services with the institution.The bank confirmed that Shri. Kashyap, who held dual roles as Chief General Manager and Group Chief Compliance Officer, was relieved from his duties effective June 29, 2026.CANBK Stock Price Movement As of 11:09 AM, Canara Bank shares are slipping by 0.18% in live trading, currently valued at ₹125.63 as the market continues its session. The stock has seen substantial activity, with a traded volume reaching 12.7 million shares during this continuous movement.

Tata Communications Invests in Subsea Cables to Boost AI-Ready Connectivity Between India and Singapore Tata Communications, a global communications technology provider, has announced strategic investments in subsea cable infrastructure through significant fiber capacity acquisitions. These moves are designed to strengthen connectivity solutions between the emerging Artificial Intelligence (AI) hubs of Mumbai and Chennai in India and the leading cloud and AI ecosystem in Singapore, addressing growing bandwidth demands across Asia and globally.The company is enhancing its Tata Global Network (TGN) capabilities by two key initiatives: integrating a new subsea cable system connecting Mumbai and Singapore, and investing as a consortium...

Kirloskar Oil Shares Slip Amid Slump; Motilal Oswal Reiterates 'Buy' Citing Data Centre and Export Breakthrough Shares of Kirloskar Oil Engines Ltd (KOEL) continued a bearish trend on Tuesday, dipping over 2% to Rs 2,384.90. This latest slide marks a decline that approaches 14% from the stock's June 23 high of Rs 2,720.35. Despite this extended loss streak, company management and brokerage firm Motilal Oswal Financial Services (MOFSL) maintain strong confidence in KOEL’s long-term growth trajectory.KOEL management highlighted a recent contract with a hyperscaler as a significant "breakthrough." This data centre order includes a critical long-term service agreement, which the company expects to deliver during FY27. The firm noted that...

Accent Microcell Limited Announces Resignation of Independent Director, Chintan Umeshkumar Bhatt Accent Microcell Limited has announced that Mr. Chintan Umeshkumar Bhatt, a Non-Executive Independent Director, has resigned from his position with effect from June 29, 2026.Following the resignation, Mr. Chintan Umeshkumar Bhatt has also ceased to be the Chairman of the Nomination and Remuneration Committee of the Company, effective from the same date.The company reported that the reason for his departure is his inability to devote sufficient time and attention to the affairs of the Company. The director confirmed that there are no other material reasons for his resignation beyond those stated.The Board of Directors of Accent...

Market Plummets as IT Sells and Foreign Outflows Crush Gains; Sensex Down Nearly 550 Points The benchmark equity indices, Sensex and Nifty, surrendered early gains on Tuesday after being weighed down by sharp selling in technology shares and significant net outflows from Foreign Institutional Investors (FIIs). While both indices had initially shown promise, heavy pressure emerged, pushing the markets into negative territory.Indices Erase Early Gains Amid Sectoral Pressure The Sensex and Nifty showed a clear reversal from their morning highs. The Sensex dipped 124.86 points or 0.16 percent to settle at 76,603.51, falling approximately 550 points below its high for the day. Similarly, the Nifty declined 57.05 points or 0.24 percent...

Optiemus Infracom Limited Approves Acquisition of Bigtech Shares and Sanctions Loan for Wholly Owned Subsidiary GDN Optiemus Infracom Limited’s Operations & Administration Committee approved two significant corporate actions on June 30, 2026: acquiring a tranche of equity shares in Bharat Innovative Glass Technologies Private Limited (Bigtech), and sanctioning an unsecured loan agreement to GDN Enterprises Private Limited.The acquisition concerns Bigtech, which is a Joint Venture and Subsidiary of Optiemus Infracom. The purpose of the share subscription is focused on supporting BigTech's manufacturing facility setup and meeting other business expenses, thereby maintaining ownership and control in the entity while enhancing brand image...

Zydus Lifesciences Surge Amid Global Focus on US Oncology Drug Shortages The pharmaceutical sector is witnessing significant shifts as supply chain vulnerabilities in specialized drugs become a major market driver. Zydus Lifesciences has gained notable traction, benefiting directly from the reported drug shortages plaguing the United States' oncology market. This institutional interest highlights the crucial role of Indian pharma companies in addressing critical global healthcare deficits.Why Oncology Shortages are Boosting Pharmaceutical Stocks The current scarcity of specific oncology drugs in the US is creating a high-value opportunity for manufacturers capable of supplying alternatives or key intermediates. This shortage signifies...

Oil India Limited Requests Waiver of Fines Levied by Stock Exchange for Listing Regulations Non-Compliance Oil India Limited (OIL) has approached the Stock Exchanges, requesting a waiver of fines imposed regarding non-compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The penalty was levied for the quarter ending March 31, 2026.The matter concerning the fine imposition was placed before the Board of Directors of Oil India Limited during a meeting held on June 29, 2026. The Company has advised Stock Exchanges to consider a waiver of the imposed fines, citing that the non-compliance was beyond the control of the Company.Fine Details Revealed by NSE The National Stock Exchange of India (NSE)...

Ceigall Subsidiary Secures Power Purchase Agreement for 220 MW Solar and BESS Park Ceigall Morena Solar BESS Park Limited, a wholly owned subsidiary of Ceigall India Limited, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement, signed on June 29, 2026, covers the development of a significant solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh.The PPA establishes the terms for the contract, which involves both solar and BESS components within a Tariff Based structure. Rewa Ultra Mega Solar Limited is the entity awarding the order, representing a domestic company.The agreement outlines a clear timeline and financial parameters for the project. The...

Shilpa Medicare Subsidiary Partners with Orion Corporation to Co-develop Nivolumab Biosimilar for European Market Shilpa Biologicals Private Limited, a subsidiary of Shilpa Medicare Limited, has partnered with Finland-based Orion Corporation to co-develop and supply an intravenous (IV) nivolumab biosimilar. This collaboration aims to increase patient access to high-quality cancer immunotherapy across Europe as the originator drug approaches loss of exclusivity in the region.The partnership combines Shilpa’s manufacturing capabilities with Orion's commercial and regulatory expertise, focusing on one of immuno-oncology's most important medicines.Partnership Scope and Roles Orion Corporation will serve as the Marketing Authorization...