Markets

NSE Overtakes HDFC Bank as LIC's Fifth-Largest Holding amid Portfolio Shifts and Mixed Performance The Life Insurance Corporation of India (LIC), standing as the nation’s largest insurer and a major institutional investor, is set to see its stake in the National Stock Exchange (NSE) rise to become its fifth-largest holding. This structural shift provides insights into the diversification and current investment appetite within LIC's massive equity portfolio.NSE Ranks Fifth in LIC’s Equity Portfolio As of the March 2026 quarter, LIC holds a significant stake in the National Stock Exchange (NSE). The insurer owns 26.53 crore shares, translating to a 10.72 percent stake. Assuming an NSE share price of Rs 2,100, this holding is valued at...

EATON and Trident Techlabs to Host India Seminar Series on Power System Engineering Eaton and Trident Techlabs Limited have partnered to host "EATON India Seminar 2026," a three-city seminar series focused on advancing knowledge in power system engineering. The event is themed "Shaping the Future of Power System Engineering" and aims to address the rapid transformations occurring across the utility sector.The seminar series is designed for utility professionals, EPC companies, consultants, industrial users, and engineers, who will attend discussions covering emerging trends and technological advancements that are reshaping the power industry. Topics scheduled for deep dive include renewable energy integration, digital substations...

Yen Plunges to Four-Decade Low, Rattling Japan's Economy Amid Import inflation Fears The Japanese yen has experienced a significant slump, trading at its weakest level against the US dollar since 1986. This historic depreciation is causing considerable unease across Japan and has placed financial regulators on high alert regarding market stability.Global Financial Markets React to Yen’s Historic Decline The currency recently depreciated by up to 0.1%, hitting 161.96 against the US greenback, breaching the 161.95 mark first seen in July 2024. This level is notable because it was last reached when the yen was rapidly appreciating during a major rally engineered by the US.Currently, Japan is navigating a period of economic difficulty...

Pine Labs Invests INR 24 Crore in Synergistic Financial Networks, Boosts Wholly Owned Subsidiary Pine Labs Limited has invested a sum of INR 24,99,93,297 into Synergistic Financial Networks Private Limited (SFNPL) through the subscription of Rights Issue shares. This investment is intended to meet working capital needs and support future growth opportunities for SFNPL, which remains a wholly owned subsidiary of Pine Labs Limited.The company acquired 49,869 equity shares of SFNPL at the specified consideration. Despite the acquisition, there will be no change in Pine Labs Limited's shareholding percentage in SFNPL, as the entity is already a wholly owned subsidiary.SFNPL, which was incorporated on March 12, 2008, operates in the...

Eaton and Trident Techlabs Announce 'EATON India Seminar 2026' Focused on Power System Engineering Eaton and Trident Techlabs Limited have announced a major industry initiative, the "EATON India Seminar 2026." This three-city seminar series is dedicated to advancing knowledge in power system engineering, aiming to address the complex technological shifts occurring across the power sector. The seminars are themed "Shaping the Future of Power System Engineering" and will be held in New Delhi, Bengaluru, and Mumbai.The seminar aims to convene utility professionals, EPC companies, consultants, industrial users, and engineering managers. These stakeholders will discuss emerging trends and technological advancements that are transforming...

Falcon Technoprojects India Approves Rights Issue to Raise Funds of Up To 23.14 Crores Falcon Technoprojects India Limited has approved a plan to raise funds through a Rights Issue, following a decision made by its Board of Directors on Monday, June 29, 2026. The approval concerns the issuance of equity shares intended to raise up to Rs. 23.14 Crores.The company's Board meeting reviewed and sanctioned the Draft Letter of Offer (DLOF) for this fundraising effort. The rights issue involves issuing equity shares with a face value of ₹10/- each. The funds raised are designated for the needs of Falcon Technoprojects India Limited.The issuance is targeted at eligible equity shareholders as of the record date, which will be determined and...

Happy Square Wins Rs 21 Crore Work Order for Toll Plaza Management in Rajasthan Happy Square Outsourcing Services Limited has secured a new work order from M/s Rajasthan State Road Development & Construction Corporation Limited (RSRDCC). The contract, valued at Rs 21.0044 Crores including all applicable taxes, involves the management and operation of toll plazas within a significant road project in Rajasthan.The work order details the engagement of Happy Square as the User Fee Collection Agency. This includes providing various management services at designated locations under the scope of the contract.The contract pertains to the Jodhpur-Osian-Phalodi BOT Road project, and the specific toll plaza locations include Lordiya, Palli...

Inventurus Knowledge Solutions Inc Plans Up To $15 Million Investment in Associate Company IKS WWMG MSO LLC Inventurus Knowledge Solutions Limited, through its wholly owned subsidiary Inventurus Knowledge Solutions Inc (IKS Inc), has approved an additional investment of up to USD 15 million into IKS WWMG MSO LLC. The investment is designated for the purchase of Common Units in WWMG MSO, and upon completion, it is set to increase IKS Inc's ownership stake in the associate company from 48.02% to 63.49%.The Board of Directors approved this strategic move at a meeting held on June 29, 2026. The investment involves cash consideration and is planned in one or more tranches. The full investment amount is up to USD 15 million, corresponding...

Power Grid Acquires Kakinada I Transmission Limited in Move to Secure Green Energy Infrastructure Power Grid Corporation of India Limited (POWERGRID) has acquired Kakinada I Transmission Limited (KITL), the project special vehicle (SPV) focused on establishing critical transmission infrastructure for proposed Green Hydrogen and Green Ammonia projects in the Kakinada area. The acquisition was finalized on June 29, 2026.The transaction comes after POWERGRID emerged as the successful bidder in a Tariff Based Competitive Bidding process coordinated by PFC Consulting Limited (PFCCL). This strategic acquisition ensures the necessary transmission systems are in place for future large-scale green energy development in Andhra Pradesh.Project...

Senores Pharmaceuticals Limited Board Approves Variation in Unutilised IPO Proceeds Utilization Senores Pharmaceuticals Limited announced that its Board of Directors approved a variation concerning the utilization of unutilised portions of its Initial Public Offer (IPO) proceeds. The decision was made during the Board meeting held on June 29, 2026.The company's Board considered and sanctioned the proposed change to the use of unutilized IPO funds. This modification pertains to a portion amounting to ₹ 1000.16 million out of the total primary IPO proceeds of ₹ 5000.00 million.The variation in the utilization of these funds is subject to final approval from Shareholders through a Postal Ballot.Key financial details regarding the IPO...

ARSS Infrastructure Projects Wins Contract for Road Over Bridge Construction worth Rs 51.6 Crore ARSS Infrastructure Projects Limited has secured a significant contract valued at Rs 51,60,48,602.44 for the construction of a vital Railway infrastructure project. The work order was awarded by East Coast Railway (ECOR) on June 29, 2026.The project involves constructing a Road Over Bridge (ROB) at a specific location along the Khurda-Puri line. This includes setting up a composite girder for the railway portion in lieu of LC No. KP-09. Additionally, the scope covers the proposed approach portion, consisting of two RCC Girders: one measuring 8 x 25.04 m on the Jatani side and another measuring 8 x 25.04 m on the Puri side.The...

Tamilnad Mercantile Bank Limited to Open New Branch in Navi Mumbai Tamilnad Mercantile Bank Limited has announced plans for its expansion by opening a new branch location in Navi Mumbai. The bank is setting up shop at CBD Belapur, preparing to commence operations on June 30, 2026.The establishment of the new branch marks a step in the bank's growing network and services availability in Maharashtra.Key details regarding the new branch are as follows:Branch NameAddressDate of OpeningCBD BelapurShop No. 11 & 12, Hilton Centre, Plot No.66, Sector - 11, CBD Belapur, Navi Mumbai, Maharashtra - 400 61430.06.2026The opening of the CBD Belapur branch will provide increased banking access to residents and businesses in the area...

Inox Wind Limited Executes Partial Divestment of Stake in Subsidiary IRSL for Rs. 50 Crore Inox Wind Limited has announced a partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The binding agreements for this transaction were executed on June 29, 2026, with the aggregate transaction value estimated at approximately Rs. 50 Crore.Following the completion of the divestment, Inox Wind Limited’s shareholding in IRSL is expected to decrease from 88.84% to 87.98%.The sale involves the partial divesting of equity shares of face value Rs.10/- each in Inox Renewable Solutions Limited. The shares are being sold to certain third parties, none of whom are part of the promoter or promoter group...

Crest Ventures Secures Cluster Redevelopment Deal with Prafulla Housing Society in Dadar East Crest Ventures Limited, through its subsidiary Sutlej Housing Pvt. Ltd. (SHPL), has registered a Development Agreement for a large-scale cluster redevelopment project located in Dadar, Mumbai. The agreement was signed with the Prafulla Co-operative Housing Society, establishing Crest Ventures' expanded presence in the prime real estate market of Dadar East.The project is situated in the geographic heart of Mumbai and benefits from excellent city-wide connectivity and mature urban infrastructure. Dadar functions as a major multimodal transit and commercial hub, offering seamless access to the Western, Central, and Harbour railway networks...

Pace Digitek’s Lineage Power Advances BESS Manufacturing Scale-Up, Targets 10 GWh Capacity by Q3 FY2027 Pace Digitek Limited, through its subsidiary Lineage Power Private Limited, has announced significant progress in its Battery Energy Storage System (BESS) manufacturing expansion program. The company's scaled, integrated approach to energy storage is being bolstered by the addition of crucial manufacturing capacity across multiple phases.The immediate focus involves an additional 2.5 GWh capacity line whose installation, integration, and commissioning are currently in advanced stages and are expected to be completed in July 2026. Upon completion of this phase, the total installed BESS manufacturing capacity is projected to increase...

IVP Limited Receives Orders Directing Closure of Manufacturing Unit from Maharashtra Pollution Control Board IVP Limited has received directives from the Maharashtra Pollution Control Board (MPCB) mandating the immediate closure of its manufacturing operations at a unit located in Tarapur. The decision follows investigations into alleged violations related to environmental standards for water and air pollution control.The company’s unit, situated at D-19/20, MIDC Area Tarapur, Dist. Palghar, Boisar, Maharashtra 401 506, must cease manufacturing activities immediately following the receipt of directions from the regulatory body on June 29, 2026.The MPCB issued the orders under Section 33A of the Water (Prevention and Control of...

Mangalam Worldwide Limited Sets July 23, 2026 as Record Date for Final Dividend Mangalam Worldwide Limited has announced the record date for shareholders to determine eligibility for a final dividend per equity share. The company set Thursday, July 23, 2026, as the record date for the payment of the final dividend.The dividend is set at Rs. 0.30 (Thirty Paise) per equity share of face value Rs. 10/- each for shareholders in respect of the financial year ending March 31, 2026. This determination follows previous intimation regarding the matter.All other terms and conditions related to the dividend remain unchanged as previously disclosed by the company.The details specifying the record date for this dividend payment are as follows...

Newgen Software Lands Significant Purchase Order for Loan Origination and Collections System Implementation Newgen Software Technologies Limited has secured a substantial purchase order from Annapurna Finance Private Limited. The contract involves the implementation, maintenance, and licensing of a specialized Loan Origination and Collections System.The total value of the contract stands at INR 15,59,20,988 (Rupees Fifteen Crore Fifty-Nine Lacs Twenty Thousand Nine Hundred Eighty-Eight Only).The order awarded to Newgen Software Technologies Limited details were confirmed on June 29, 2026. The agreement spans a five-year period and covers both perpetual licensing as well as implementation and support services for the system.Details...

Lamosaic India Announces Key Board Decisions: Changes in Leadership, Capital Expansion and Committee Reconstitution Lamosaic India Limited held a board meeting on June 29, 2026, where it approved several major corporate decisions. These approvals include changes in senior leadership, an increase in Authorized Share Capital, the insertion of a new Main Object Clause, and the reconstitution of key committees of the Board of Directors.The company also notified the agenda for its Third (03rd) Annual General Meeting (AGM), which is scheduled to be held on Friday, July 24, 2026. The AGM will be conducted via Video Conferencing or Other Audio Visual Means. Key decisions slated for shareholder approval at the AGM include the altered...

Tech Mahindra Limited completes liquidation of Myanmar subsidiary Leadcom Integrated Solutions Tech Mahindra Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary, Leadcom Integrated Solutions Myanmar Company Limited. The liquidation was completed effective from 29th June 2026.The company received intimation regarding the completion of this process on the same date at 3.04 p.m. (IST).Leadcom Integrated Solutions Myanmar Company Limited was a wholly-owned step-down subsidiary of Tech Mahindra Limited. Financial details relating to this unit during the last reported financial year are as follows:Financial MetricValueRevenue (FY ending March 31, 2022)0.27 Crores INRNet Worth8.16 Crores INR...