Markets

Metal Recycling Giant Eswari Global Files IPO, Targeting Rs 500 Crore for Major Expansion Push Eswari Global Metal Industries, a prominent metal recycling and manufacturing company based in Karnataka, has officially filed its preliminary papers for an Initial Public Offering (IPO). The filing details the company's plan to raise significant capital through the public market.The draft document, submitted on June 28, outlines the fundraising targets for Eswari Global Metal Industries. The company proposes raising Rs 500 crore by issuing fresh shares. Furthermore, promoters intend to sell 1.32 crore equity shares via an offer-for-sale component of the IPO.Operational Scope and Business Structure Eswari Global Metal Industries operates...

BSE to take over international licensing of Market Data Products from Deutsche Börse AG Mumbai, June 29, 2026: BSE Ltd ('BSE') announced that it will directly manage the licensing of its market data products for international clients starting January 1, 2027. Currently, this responsibility is handled by Deutsche Börse AG.International clients who require BSE Market Data Products can continue to receive them from BSE beginning on January 01, 2027, with no anticipated interruption in service. Both BSE and Deutsche Börse AG are collaborating to ensure a smooth transition throughout the migration process. Domestic clients of BSE will continue accessing market data products directly through the Exchange.The relationship between the two...

Master Components Limited to Hold EGM to Approve Amalgamation Scheme of Master Moulds Private Limited Master Components Limited announced key dates for an Extra-Ordinary General Meeting (EGM) concerning a significant corporate transaction. The meeting is scheduled to consider the Scheme of Amalgamation involving Master Moulds Private Limited and the company, as directed by the National Company Law Tribunal (NCLT).The EGM is set to take place on Monday, August 3, 2026, at 11:00 am. Shareholders can attend through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at the Registered Office of Master Components Limited in Nashik. The purpose of the meeting is for shareholders to consider and potentially approve the Scheme of...

State Bank of India Concludes Issuance of USD 300 Million Senior Unsecured Floating Rate Notes State Bank of India has successfully concluded the issuance of USD 300 million in Senior Unsecured Floating Rate Notes. These notes are set to have a maturity period of three years and are linked to the SOFR benchmark.The financing instrument is structured as a floating rate note, carrying a coupon of SOFR plus 100 basis points per annum. Interest payments on these bonds will be made quarterly in arrears.Details regarding the issuance are as follows:FeatureDetailFinancing InstrumentSenior Unsecured Floating Rate NotesAmountUSD 300 MillionMaturity Period3 YearsCoupon RateSOFR + 100 bps p.a.Payment FrequencyQuarterly in...

India's External Debt Surges to US$ 762.8 Billion as Global Economic Shifts Reshape Debt Profile The Reserve Bank of India (RBI) has released a comprehensive update on the nation's external debt status as of March 2026, confirming significant growth in the total outstanding amount. Total external debt reached US$ 762.8 billion, marking an increase of US$ 26.3 billion compared to March 2025. This data provides a granular look at the composition and maturity profile of India’s borrowing base amid evolving global financial conditions.External Debt Reaches New High Mark Amid Currency Fluctuations The overall external debt to GDP ratio increased, reaching 20.8 per cent as of end-March 2026, up from 19.8 per cent in March 2025. The sheer...

Coforge Shareholders Approve Board Appointments and Strategic Roles Following Postal Ballot Coforge Ltd announced that its shareholders successfully approved several resolutions following a Postal Ballot concluded on June 28, 2026. The approvals covered key appointments of directors and senior management personnel, affirming support for the company's strategic direction.The successful outcomes included approving the appointment of Mr. Vivek Sharma (DIN: 10741746) as an Independent Director. Additionally, shareholders approved the appointments of Ms. Shweta Jalan (DIN: 00291675) and Mr. Atin Jain (DIN: 08948630) as Non-Executive Directors on the Board.Furthermore, the company informed stakeholders that Mr. Anup Nair has been...

Lakhotia Polyesters Updates Acquisition Timeline for New Nexus FZ LLC Amid Regulatory Delays Lakhotia Polyesters (India) Ltd has provided an update regarding its proposed acquisition of a stake in New Nexus FZ LLC. The company initially aimed to conclude the purchase, which involves a 100% stake in the Dubai-based entity, by June 30, 2026.The corporation confirmed that the timeline for the transaction needs adjustment due to delays encountered in receiving necessary regulatory approvals. Consequently, the proposed acquisition is now anticipated to be completed on or before September 30, 2026.This update relates to previous intimations issued by the company regarding the ongoing acquisition of New Nexus FZ LLC.Stock Price Movement...

Baroda Rayon Corporation Secures 80 Crore Term Loan Facility from Aditya Birla Capital LimitedBaroda Rayon Corporation Ltd has secured a secured term loan facility aggregating to 80.00 Crore from Aditya Birla Capital Limited (ABCL). The facility was approved following a Board Meeting held on Monday, June 29, 2026.The agreement with ABCL encompasses multiple components designed to strengthen the company's financial structure. This includes a fresh term loan amounting to 47.94 Crore. Additionally, the arrangement involves taking over and refinancing the corporation's existing consortium loan facility totaling 32.06 Crore.The existing consortium loan, which is being refinanced by ABCL, was previously availed from The Mehsana Urban...

Sunlite Recycling Industries Limited Opens New Branch Office in Ahmedabad Sunlite Recycling Industries Limited has expanded its operational presence with the opening of a new branch office in Ahmedabad, Gujarat. The company established this new location to support and enhance its business activities.The move signals the growth trajectory of the recycling industry player as it sets up operations in the city.SUNLITE Stock Price Movement Shares of Sunlite Recycling Industries Limited closed today, slipping by 0.44% to settle at ₹434.50. The stock traded with a volume of 8,700 shares, moving from an opening price of ₹439.95 and reaching a low of ₹423.70 during the trading session.

CESC Incorporates Wholly Owned Subsidiary for Renewable Power VenturesCESC Ltd has extended its corporate structure by incorporating a new entity, Purvah Energy Ventures Private Limited (PEVPL), dedicated to exploring opportunities within the renewable power sector. PEVPL was incorporated on June 24, 2026, and received its Certificate of Incorporation from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, on June 29, 2026.Purvah Energy Ventures Private Limited has been established as a Wholly Owned Subsidiary (WOS) of Purvah Green Power Private Limited, which in turn is a subsidiary of CESC Ltd. The new entity belongs to the renewable power sector and aims to explore opportunities within this...

Eswari Metal Industries Files IPO Draft: ₹1,300 Crore Raise Planned for Expansion and Debt Prepayment Integrated Metal Manufacturer Seeks Massive Capital Infusion via SEBI Filing Coimbatore-based Eswari Global Metal Industries Ltd has taken a significant step toward scaling its operations by filing draft papers with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO). This move aims to raise substantial capital needed for manufacturing expansion and crucial debt management.The comprehensive IPO structure involves both a fresh issue of shares and an Offer For Sale (OFS) component, signaling confidence from existing stakeholders in the company's future trajectory. The total estimated size of the...

Shashvat Somany Appointed Joint Managing Director of Hindware Limited; Role Effective from October 1, 2026 Hindware Home Innovation Ltd announced that shareholders of its material subsidiary, Hindware Limited, approved the appointment of Mr. Shashvat Somany as Joint Managing Director and designated Whole Time Key Managerial Personnel. The decision was finalized at a shareholders meeting held on June 29, 2026.Mr. Shashvat Somany is set to assume the role effective October 1, 2026, and will hold office for a period of five years.The appointment relates to the strategic direction and growth initiatives of Hindware Limited. Mr. Somany currently serves as a Non-Executive Director of Hindware Limited and holds the position of Head of...

MSTC Shares Surge 6.55% as Delhi EV Policy Promises Massive Scrappage Incentives MSTC shares skyrocketed, settling at ₹689.80 per share on the NSE after registering a significant gain of 6.55 percent on Monday. This sharp rally followed the approval of the comprehensive Delhi EV Policy 2026 by the Delhi government. The policy introduces robust scrappage incentives and purchase subsidies designed to rapidly accelerate the transition towards electric mobility in the national capital.The PSU, which is a mini Ratna category-I entity under the Ministry of Steel, benefits directly from this regulatory push. MSTC’s operational scope includes handling scraps, old plant and machinery, surplus stores, and real estate, making it well positioned...

Aditya Birla Sun Life AMC Announces Record Date and Schedules 32nd Annual General Meeting Aditya Birla Sun Life AMC Limited has announced details regarding its upcoming 32nd Annual General Meeting (AGM) and established the record date for shareholders entitled to receive a dividend for the financial year ending March 31, 2026.The company stated that the 32nd AGM will be held on Wednesday, July 29, 2026. The meeting is scheduled to take place at 11:00 a.m. (IST) and will be conducted through Video Conferencing (VC) or other AudioVisual Means (OAVM).Dividend Record Details To determine the shareholders who are eligible for the dividend related to FY 2025-26, Aditya Birla Sun Life AMC set the record date as Wednesday, July 22, 2026...

ICICI Prudential Launches Multi-Asset Active FOF to Hedge Inflation and Capture Long-Term Growth ICICI Prudential Mutual Fund has launched the Multi-Asset Active Fund of Funds (FOF), introducing a sophisticated open-ended scheme designed to navigate diverse market cycles. This new fund aims to offer investors a broadly diversified portfolio by actively managing investments across equity, debt, gold ETFs, and silver ETFs. The NFO is scheduled to commence on June 30 and conclude on July 14, 2026.Understanding the Multi-Asset Investment StrategyThe core objective of this FOF is to aid investors in capturing long-term growth opportunities while simultaneously mitigating portfolio volatility through proactive diversification. The fund...

Virtuoso Optoelectronics Completes Migration to NSE Main Board Listing Virtuoso Optoelectronics Ltd has successfully completed its migration from the SME Platform of the BSE, securing listing on the Capital Market Segment (Main Board) of the National Stock Exchange of India Limited (NSE). The transition marks a significant step for the company in its capital market journey.The company's equity shares are set to be listed and admitted to dealings on the National Stock Exchange (Capital Market Segment) starting July 01, 2026. This move represents the completion of the migration process from the SME Platform of BSE.In relation to the listing on the NSE, the following details regarding the securities have been provided:Description...

Gemstone Investments Converts 32,880,000 Warrants into Equity Shares Gemstone Investments Ltd announced that its Board of Directors approved the conversion of 3,28,80,000 Convertible Warrants into an equal number of Equity Shares on June 29, 2026.The company's Board held a meeting on Monday, June 29, 2026, during which it ratified the conversion transaction. Under this approval, 3,28,80,000 Convertible Warrants were converted into 3,28,80,000 Equity Shares of the company.The shares were allotted to non-promoters. Each warrant was converted into one equity share, which had a face value of ₹1/- and a conversion price of ₹2.50/- per equity share upon receipt of the full subscription amount.Details regarding the allotment and the...

Almondz Global Securities Ltd Allots 80 Lakh Warrants in Preferential BasisAlmondz Global Securities Ltd has announced the allotment of Fully Convertible Warrants following a meeting of its Committee For Further Issue of Share, held on June 29, 2026. The company approved the issuance of 80 lakh Fully Convertible Warrants to members falling under the Non-Promoter, Public Category on a preferential basis.The warrants were issued at an issue price of Rs. 16.58 per Warrant. The allotment requires the recipients to pay 25% of the issue price upon receipt of the warrant, with the remaining equity shares being convertible into the warrantees within a specified timeline.Details regarding the allocation are as follows:S. No.Name of...

RBI Slaps ₹1 Lakh Fine on Chikmagalur Co-operative Bank for Violating Banking Regulations Monetary Penalty Imposed as RBI Cites Compliance Failures at District Co-operative Central Bank The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹1 lakh on The Chikmagalur District Co-operative Central Bank Ltd., Karnataka. This action stems from the bank's contravention of specific provisions within the Banking Regulation Act, 1949 (BR Act).The penalty was formalized by an order issued by the RBI on June 25, 2026. The imposed fine represents a violation of Section 20 read with Section 56 of the BR Act. This measure was taken in exercise of powers granted to the RBI under various sections of the BR Act.Basis of Statutory...

Clean Max Enviro Energy Solutions Approves Annual Report and Schedules 16th AGM Clean Max Enviro Energy Solutions Ltd., formerly known as Clean Max Enviro Energy Solutions Private Limited, held a Board of Directors meeting on Monday, June 29, 2026. During the meeting, the company addressed several key operational and procedural matters relating to its financial reporting for the last fiscal year and future general meetings.The Board meeting commenced at 04:15 p.m. (IST) and concluded at 04:50 p.m.Key outcomes approved by the Board included setting the fixed Cut-Off Date for the dispatch of the Annual Report and for remote e-voting procedures. Furthermore, the Board formally considered and approved the Board's Report covering the...