Markets

Lupin and Natco Receive FDA Approval for Eribulin Mesylate Injection Global pharmaceutical major Lupin Limited, in partnership with alliance partner Natco Pharma Limited, announced that they have received approval from the United States Food and Drug Administration (U.S. FDA). The approval pertains to Natco's Abbreviated New Drug Application (ANDA) for Eribulin Mesylate Injection, 1 mg/2 mL (0.5 mg/mL) Single-Dose Vials.The approved product is the bioequivalent of Eisai, Inc.'s reference listed drug (RLD), Halaven® Injection. This medication is designed for treating specific conditions in advanced cancer patients.Eribulin Mesylate Injection has been indicated for the treatment of adults suffering from metastatic breast cancer. These...

Gujarat Pollution Control Board Grants Permanent Revocation of Closure Directions for Piramal Pharma's Dahej Site Piramal Pharma Ltd has announced that it has received an order from the Gujarat Pollution Control Board (GPCB) granting a permanent revocation of closure directions regarding its plant located at Plot No. D-2/11/A/1, GIDC Dahej in Gujarat.The reversal follows previous communications concerning orders issued under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974 by the GPCB. These previous communications related to the plant situated at the Dahej Site, which is located in Taluka Vagra, District Bharuch.Piramal Pharma confirmed that it has now obtained the permanent revocation order from the GPCB...

Power Mech Projects Secures ₹266.26 Crore Order for Operations and Maintenance Services from Adani Group Power Mech Projects Limited has secured a significant contract from Adani Infrastructure Management Services Limited (Adani Group) to provide operations and maintenance services for a major thermal power plant. The agreement values the order at ₹ 266.26 Crores (all taxes and duties excluding Goods and Services Tax).The order involves providing a KPI based Contract for Operations and Maintenance services at the 2x300MW Thermal Power Plant located in Butibori, Maharashtra, India. Adani Infrastructure Management Services Limited is the entity awarding the contract.The terms of the awarded contract include specific details regarding...

Transworld Shipping Lines Completes Sale of M.V. SSL Godavari Vessel Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has completed the sale of its vessel, M.V. SSL Godavari. The transaction was finalized on June 2, 2026.The vessel was sold to Avana Logistek Limited. The sale was successfully concluded following the execution of the Protocol of Delivery and Acceptance between the buyer and the seller. The handover of the vessel took place at Mundra Anchorage in India.TRANSWORLD Stock Price Movement As of 11:00 AM, shares of TRANSWORLD SHIPPING LINES LIMITED are shedding 1.30% in live trading, currently valued at ₹162.51 as they slip down by ₹2.14. The stock has seen a muted day, with 2,611...

Ministry of Finance Imposes Countervailing Duty on Solar Glass Imports from Malaysia for Five Years The Ministry of Finance (Department of Revenue) has recommended the continued imposition of a definitive countervailing duty (CVD) on imports of solar glass (Textured Tempered Glass) originating from or exported from Malaysia. This measure is set to be enforced for a period of five years, commencing from the date of publication of the notification issued by the Central Government dated June 02, 2026.The imposition follows findings that indicated that the cessation of CVD was likely to result in the continuation or recurrence of subsidization and potential injury to domestic industry. The Countervailing Duty targets specific glass goods...

Promoter Acquires Equity Shares in Cupid Ltd during Open Market Purchase Aditya Kumar Halwasiya has acquired equity shares of Cupid Limited in an open market purchase, increasing his stake in the company. The acquisition transaction took place on Tuesday, June 2, 2026.The promoter entity conducted the share purchase through the open market mechanism. Details regarding the acquisition and prior holdings were recorded against the target company's total voting capital of Rs. 134,46,60,700.As per the transaction details released for Cupid Limited, the specific acquisitions include:CategoryShares Acquired (Aditya Kumar Halwasiya)Percentage IncreaseEquity Shares2,600,0000.19%This purchase was made against the backdrop of...

Rudrabhishek Infosystem Secures BIM Consultancy Contract in Tunisia Worth 68.5 Lacs Rudrabhishek Infosystem Private Limited (RIPL), a wholly owned subsidiary of Rudrabhishek Enterprises Limited (REPL), has secured a contract for Building Information Modelling (BIM) and Mechanical Design consultancy. The project is located in Choutrana, Tunisia, and the order was awarded by Pabsch Engineering India Pvt. Ltd., a subsidiary of Pabsch Ingenieure GmbH, a German engineering design consultancy company.This engagement marks the debut international project experience for Rudrabhishek Infosystem Pvt. Ltd. within the BIM consultancy segment. The contract significantly expands the company's BIM portfolio, positioning it firmly within the...

CleanMax and Gujarat Alkalies Partner to Drive Industrial Decarbonisation in Gujarat Gujarat Alkalies and Chemicals Limited (GACL), a leading chlor-alkali company, has partnered with Clean Max Enviro Energy Solutions Limited (CleanMax) to secure hybrid renewable energy for its manufacturing operations in Gujarat. This strategic collaboration aims to transition GACL’s Dahej and Vadodara units toward cleaner industrial practices.The project involves supplying 75.90 MW of wind capacity and 84.34 MWp of solar capacity. Under the group captive structure, 100% of the power generated from these renewable facilities will be utilized exclusively by GACL to support its commitment to sustainable operations and achieving net-zero carbon...

Competent Authority Approves Three-Month Extension of Additional Charge for Engineers India Ltd Chief Executive The Ministry of Petroleum & Natural Gas has approved the extension of the additional charge relating to the post of Chairman and Managing Director of Engineers India Limited (EIL). This approval extends the role assigned to Shri Praveen M. Khanooja, who currently serves as Additional Secretary at the Ministry of Petroleum & Natural Gas (MoPNG).The Competent Authority’s decision allows for the continuation of the additional charge for a period of three months. The extension is effective from June 01, 2026.As per the notification by the Ministry of Petroleum and Natural Gas dated June 02, 2026, the position of Shri Praveen...

Novelix Pharmaceuticals Announces Preferential Allotment Following Warrant Conversion Novelix Pharmaceuticals Ltd has disclosed the allotment of equity shares consequent to the conversion of warrants during a preferential allotment that took place on May 29, 2026. The transaction involved members of the promoter group acquiring new shares.The acquisition was made by Gattu Gnana Prakash, Arati Gattu, and Neha Gattu, who received various quantities of equity shares in Novelix Pharmaceuticals Ltd through the conversion process.Details regarding the allotment and the status of the acquirers are provided below:Promoter NameShares Allotted (Warrant Conversion)Gattu Gnana Prakash50,000 Equity SharesArati Gattu100,000 Equity...

Veeram Barter Acquires Shares in Gautam Gems Limited, Increasing Holding to 12.74% Veeram Barter Private Limited, acting with Veeram Vendors Private Limited (PAC), has acquired shares of Gautam Gems Limited through an off-market transaction. The acquisition significantly increased the combined holding of the acquirers in the target company.The acquiring entities procured 50,00,000 equity shares of Gautam Gems Ltd on May 28, 2026. This purchase represented a 10.84% stake relative to the total diluted share or voting capital of Gautam Gems Limited at the time of the transaction.Prior to this acquisition, Veeram Barter Private Limited and Veeram Vendors Private Limited held 8,76,043 shares carrying voting rights, representing a 1.90%...

RBI Stabilizes Market in 2-Day Repo Auction; Achieves 5.26% Cutoff Rate Amid Limited Demand The Reserve Bank of India (RBI) conducted its two-day Variable Rate Repo (VRR) auction on June 03, 2026. The auction aimed to manage liquidity and stabilize short-term rates in the financial markets.The results indicate that a specific level of interest was met by participating bidders, securing the necessary funds at defined lending parameters. This action contributes to maintaining market stability across key banking institutions.Participation Dynamics and Bids Received The RBI had notified an amount of ₹ 50,000 crore in the two-day VRR auction. This significant figure represents the target liquidity instrument for the day.However, the...

MRC Agrotech Ltd Announces Audited Financial Results for Quarter Ending March 31, 2026; Board Review Scheduled MRC Agrotech Ltd has announced the receipt of audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026. The results were reviewed by the Audit Committee, and the company plans to present these figures before its Board of Directors on June 6, 2026, for consideration and approval.The company confirmed that both sets of financial results have received an unmodified opinion from Statutory Auditors. The audited statements detail significant operational activities, including the acquisition of a new subsidiary and the assignment of certain receivables.Financial Highlights...

Promoter Group Acquires 9.5 Lakh Shares in Novelix Pharmaceuticals Ltd via Warrant Conversion Novelix Pharmaceuticals Limited announced a significant share allotment after promoter entities, SRINIDHI FINE-CHEMICALS LLP and NARAHARI BELIDE, received equity shares through the conversion of warrants. This transaction was conducted under a preferential allotment basis on May 29, 2026.SRINIDHI FINE-CHEMICALS LLP and NARAHARI BELIDE were allotted Equity Shares in Novelix Pharmaceuticals Limited following this transaction. The allotment details indicate that SRINIDHI FINE-CHEMICALS LLP received 8,00,000 shares, while NARAHARI BELIDE was allocated 1,50,000 shares, bringing the total number of shares acquired to 9,50,000.The acquisition...

Vupparapalli Chandrasekhar Reddy Increases Holding in Novelix Pharmaceuticals Following Warrant Conversion A significant allotment of equity shares has been reported in Novelix Pharmaceuticals Limited, following the conversion of warrants issued to Promoter members.The transaction relates to Vupparapalli Chandrasekhar Reddy and his partners, who were allotted 5,60,000 Equity Shares on May 29, 2026. The allotment occurred pursuant to the conversion of warrants through a Preferential Allotment basis.The acquisition details confirm that Vupparapalli Chandrasekhar Reddy and Vupparapalli Pavani hold shares in Novelix Pharmaceuticals Limited as part of the Promoter/Promoter Group.Acquisition Details Snapshot The details surrounding the...

Anand Rathi Financial Services Sells Stake in Anand Rathi Wealth Limited Anand Rathi Financial Services Limited has completed a sale of shares in its subsidiary, Anand Rathi Wealth Limited. The transaction was executed in the open market on May 29, 2026.The acquisition and disposal details reflect a reduction in the holding of Anand Rathi Financial Services Limited, which is identified as a Promoter.Before the recent sale, Anand Rathi Financial Services Limited held 16,534,758 shares carrying voting rights in Anand Rathi Wealth Limited. This represented 19.92% and 19.62% of the total share/voting capital of the company prior to the transaction.The sale involved 1,446,000 shares carried by voting rights, amounting to 1.74% of the...

NMDC Fixes Iron Ore Prices Effective June 3, 2026 NMDC Limited has set the official prices for iron ore, effective from June 3, 2026. The company specified rates for two types of ore: Baila Lump and Baila Fines.The fixed prices for iron ore are provided below:Ore TypeSpecificationPrice Per Ton (₹)Baila Lump65.5%, 10-40 mm5,700Baila Fines64%, -10 mm4,850The prices of iron ore set by NMDC Limited are exclusive of several taxes and fees. These charges include Royalty, DMF, NMEDT, Cess, Forest Permit Fee, transit fee, GST, environmental Cess, and other applicable taxes.NMDC Stock Price Movement Shares of NMDC Limited are edging higher to ₹96.04 as of 10:37 AM today, rallying by 0.77% in live trading. The industrial...

Vishnu Chemicals Ltd Achieves Record FY26 Results with High Revenue and Profitability Vishnu Chemicals Limited, a global manufacturer of specialty chemicals, reported its audited consolidated and standalone financial results on May 30, 2026, for the quarter and financial year ended March 31, 2026. The company highlighted that disciplined execution led to record levels across revenue, EBITDA, and Profit After Tax (PAT) in FY26.The company reported annual revenues of ₹1,610 CR, with a PAT of ₹142 CR, achieving an ROCE of 18% and maintaining a Debt-to-Equity ratio of 0.49x.Financial Performance Highlights Consolidated financial data for Q4FY26 showed robust increases across key metrics compared to the previous year and quarter...

Investment Advisors Acquire Shares in Navigant Corporate Advisors Limited Through Open Market Purchase Investment advisors have increased their stake in Navigant Corporate Advisors Limited following an open market purchase of shares carrying voting rights on June 1, 2026. The acquisition was conducted by a consortium including Alacrity Securities Limited, Genz Investment Advisors Private Limited, Kruppa Mehta, and Hiten R. Mehta.The combined entities acquired 1,30,000 shares through the open market purchase. This transaction increased their total holding of Navigant Corporate Advisors Limited to 3,30,000 shares, representing 10.47% of the diluted share/voting capital.Details regarding the pre-acquisition and post-acquisition...

Jayantibhai Somabhai Patel Acquires Shares in Promact Plastics Limited through Open Market Jayantibhai Somabhai Patel has acquired equity shares of Promact Plastics Limited, increasing his holding in the company. The acquisition was executed via the open market on June 1, 2026.The purchase involved acquiring 5,330 Equity Shares of Promact Plastics Limited, each carrying a face value of Rs. 10/-.The acquisition expanded the collective stake held by Jayantibhai Somabhai Patel and associated Persons Acting in Concert (PAC). Prior to this transaction, the combined holding of the acquirer and PAC stood at 26,24,002 shares, representing 40.30% of the company's total voting capital.After the open market acquisition, the total holding...