Markets

Vels Film International Extends Timeline for Acquisition of Shares in KL Software Technologies Vels Film International Limited has announced an extension regarding the proposed acquisition of equity shares in KL Software Technologies Private Limited (KLSTPL). The company confirmed that the indicative period for completing the acquisition has been extended, with a new target completion date set before August 31, 2026.The update relates to Vels Film International’s planned acquisition of shares from KL Software Technologies Private Limited.Acquisition Details:Target Entity: KL Software Technologies Private Limited (KLSTPL) Number of Shares to be Acquired: 6,000 Equity Shares Face Value per Share: ₹10 (Rupees Ten only)The...

LT Foods Celebrates World Biryani Day with 5th Edition Campaign Starring Shah Rukh Khan LT Foods Ltd., a global FMCG company specializing in consumer food products, is marking the fifth edition of its World Biryani Day celebration by launching a personalized campaign featuring Bollywood superstar Shah Rukh Khan. The event, which has become a registered Intellectual Property (IP) of LT Foods and focuses on celebrating the universal appeal of biryani, will take place annually on the first Sunday of July.The company's initiative aims to merge food, technology, and entertainment to provide consumers with an unforgettable experience. Biryani enthusiasts are invited to participate in a campaign that allows them to create personalized...

Nvidia's AI Chip Dominance Crumbles as Huawei Rises, Seizing Market Share in China The global race for artificial intelligence supremacy is witnessing a significant realignment of hardware power. While U.S.-based giants like Nvidia currently dominate the international advanced chip market, reports indicate that Chinese domestic rivals, led by companies such as Huawei, are making serious inroads into critical markets within China itself. These developments underscore the rapid evolution of indigenous semiconductor capabilities amidst intense geopolitical pressure.Jensen Huang, CEO of Nvidia, has publicly acknowledged a shift in the competitive landscape, noting that U.S. market leadership is being challenged as Chinese technology firms...

Aastha Spintex IPO Secures Strong Initial Interest; NII Leads as GMP Hints at Premium Listing Aastha Spintex, a textile manufacturer, is set to list on the stock exchanges after witnessing solid demand for its initial public offering (IPO) so far. The company's shares command a grey market premium (GMP), suggesting potential gains upon listing.The IPO garnered positive attention from non-institutional and anchor investors ahead of the final subscription date. This indicates strong industry confidence in the spun and combed cotton yarn producer.Subscription Details and Investor Interest Aastha Spintex’s public issue has been subscribed at 52 percent as of the first day of bidding. The offering included a total of 1.36 crore shares...

TeleCanor Global Ltd Approves New Branch Office and Reviews Valuation of Land Bank AssetsTeleCanor Global Ltd has approved the opening of a new branch office and reviewed the strategic valuation and potential commercial utilization of its land bank assets, following decisions made at its Board meeting.The Board of Directors formally approved the establishment of a branch office located at Dabbiru Vari Street, Sivalayam Road, Yellamanchili in Andhra Pradesh. This move expands the company's operational footprint in the region.In addition to approving expansion, the Board thoroughly discussed the state of the company’s land bank situated in Rambili Mandal, Anakapalli District, Andhra Pradesh. A specific resolution was approved...

AI Fueling Global Debt Surge: Amazon, Alphabet Shatter Records in Non-US Currencies as Spending Skyrockets The relentless demand driven by artificial intelligence (AI) is forcing massive technology firms to radically transform their financing strategies. As corporate borrowing related to AI and cloud infrastructure accelerates globally, "hyperscalers" are increasingly issuing bonds outside the U.S. dollar market. This unprecedented shift is reshaping international bond markets and setting new benchmarks for debt sales in various currencies worldwide.Companies such as Amazon and Alphabet have rapidly ramped up their funding needs, collectively issuing billions of dollars through global bond issuances in the past year. These large-scale...

Yash Raj Films Invests in Rusk Media to Forge Next Generation of Digital IP Why This Strategic Partnership Matters for Indian Entertainment Yash Raj Films (YRF) has announced a major strategic investment in Rusk Media, solidifying its commitment to the future of digital entertainment in India. Rusk Media is recognized as one of India’s foremost digital-first companies specializing in original vertical storytelling. This collaboration signals a critical move towards building long-lasting intellectual property (IP) for both the Indian market and global audiences.The partnership structure is clear: YRF will take charge of the creative direction for developing new original animation and vertical micro-drama IP. Concurrently, Rusk Media...

Zydus Lifesciences Extends Closing Date for Acquisition of SBL's API Business Zydus Lifesciences Limited has extended the closing date for the acquisition of the API business of Sterling Biotech Limited (SBL), stating that the transaction is now expected to be completed on or before September 30, 2026.The transaction involves Zydus acquiring SBL's API business under a Business Transfer Agreement (BTA). The acquisition was initially reported in September 17, 2024, and was originally anticipated to be finalized by December 31, 2024.Zydus previously informed stakeholders that the closing date had been mutually extended with SBL up to June 30, 2026. This extension followed earlier reports regarding the transaction status.The latest...

Astral Shares Plunge 9% as Company Approves Major Demerger of Chemical Operations: Is Restructuring a Long-Term Value Bet? Astral shares experienced significant volatility on June 29, falling over 9% and touching a five-month low of Rs 1,339 apiece. This decline followed the announcement that the company would demerge its chemicals business into its wholly-owned subsidiary, Astral Chemie (formerly Astral Coatings). The board also approved the merger of Al-Aziz Plastics with the parent entity following these key announcements made after market hours on Thursday.Brokerage houses, however, largely maintained a positive view on this strategic corporate restructuring. While immediate stock movement was negative, analysts see substantial...

Trillion-Dollar Resolve: Rajasthan-Haryana Ink Yamuna Project Deal to End Three-Decade Water Scarcity Landmark Agreement Ends Decades-Long Water Crisis for Rajasthan and Haryana New Delhi: The governments of Rajasthan and Haryana signed a landmark agreement in New Delhi for the construction and implementation of the Yamuna Water Project. Union Home Minister and Minister of Cooperation, Shri Amit Shah, was present at the ceremony alongside Chief Minister of Rajasthan, Shri Bhajan Lal Sharma, and Chief Minister of Haryana, Shri Nayab Singh Saini. This critical accord addresses a water-related problem that has persisted for nearly three decades in both states.Minister Shri Amit Shah emphasized that this project is a prime example of...

Bharat Petroleum Acquires 40% Stake in Tiki Tar and Shell India JV for Value-Added Bitumen Market Share Bharat Petroleum Corporation Limited (BPCL) has entered a strategic acquisition, signing an agreement on June 29, 2026, to acquire a 40% equity stake in Tiki Tar and Shell India Private Limited (TTSIPL). The move is strategically aimed at capturing the rapidly expanding market for Value-Added Bitumen (VAB) within India's infrastructure sector.The acquisition involves BPCL acquiring a 40% interest in TTSIPL, which operates as a joint venture between Tiki Tar Group and Shell Gas B.V. The transaction has been structured as a cash consideration deal, with the cost set at Rs.85 Crores. Furthermore, BPCL confirmed that all necessary DIPAM...

Tech Futures Surge Amid Geopolitical Tension as US Markets Rally Against Iran Uncertainty; Indian Equities Under Pressure US stock futures are posting gains on Monday, signaling a rebound following last week's technology-led selloff. This rally comes despite renewed tensions in the Middle East and ongoing uncertainty surrounding the progress of the US-Iran peace process. In contrast, Indian markets remain under pressure in afternoon trading, with major indices reflecting broader global caution.Wall Street Futures Rebound Driven by AI Stocks The Nasdaq 100 futures advanced strongly, climbing 1.1 percent. This significant movement was primarily driven by companies linked to the artificial intelligence infrastructure space. Similarly...

Promoter Sells 10 Lakh Shares of Twamev Construction and Infrastructure for MPS Compliance Twamev Construction and Infrastructure Limited has announced a proposed open market sale of equity shares by one of its promoters as part of efforts to achieve Minimum Public Shareholding (MPS). The company, which was formerly known as Tantia Constructions Limited, intends to sell the shares through the stock exchanges on Tuesday, June 30, 2026.The promoter involved in the transaction is Mr. Shrish Tapuria.According to the details of the proposed sale, the divestment covers a total of Ten Lakh (10,00,000) equity shares, representing 0.65% of the company's total paid-up equity share capital. The shares have a face value of Re. 1/each.A...

eClerx Services Limited Schedules One-to-One Virtual Investor Meeting with Asian Markets SecuritieseClerx Services Limited has announced a specific schedule for an investor interaction with Asian Markets Securities Pvt Ltd. The meeting, focused on industry and company developments, is set to take place virtually.The interaction details were provided indicating that the discussion pertains to developments within both the industry and the company that are already in the public domain. The session is structured as a one-to-one virtual meeting between the two parties.A breakdown of the scheduled investor engagement is available below:DateInteraction PartnerDiscussion FocusVenueMeeting TypeJune 29, 2026Asian Markets Securities...

Banas Finance Ltd Appoints Praveen Jangid as Chief Financial Officer Banas Finance Ltd has announced the appointment of Mr. Praveen Jangid as its new Chief Financial Officer (CFO), effective June 29, 2026. The appointment was approved by the company's Board of Directors during a meeting held on that date and follows recommendations from the Nomination and Remuneration Committee.The appointment is set to strengthen the company’s financial functions and governance standards, with expectations that Mr. Jangid's expertise will support Banas Finance Ltd's long-term growth strategy.Mr. Jangid brings almost ten years of experience as a finance professional to the role. His proven expertise includes managing end-to-end accounting...

Banas Finance Ltd Appoints Mr. Praveen Jangid as Chief Financial Officer Banas Finance Ltd has announced the appointment of Mr. Praveen Jangid as its Chief Financial Officer (CFO), effective June 29, 2026. The decision was made following a Board meeting held on that date and was approved based on the recommendation of the Nomination and Remuneration Committee.The appointment aims to strengthen the company's financial functions and governance standards while supporting its long-term growth strategy. Mr. Jangid joins the company as the CFO, bringing significant expertise in finance and accounting management.A profile review indicates that Mr. Praveen Jangid possesses nearly 10 years of experience in various aspects of finance...

Bajaj Auto Launches Buyback Offer of Up To 46 Lakh Shares at INR 12,000 per Share Bajaj Auto Limited has initiated a significant buyback program for its equity shares, offering up to 46,94,000 shares at a fixed price of INR 12,000/- per Equity Share. The offer is open through the Tender Offer route and will run from July 1, 2026, to July 7, 2026.The buyback is structured as a tender offer, offering shareholders an opportunity to liquidate part of their holdings. This move reflects the company’s commitment to rewarding its shareholders.Key Details of the Buyback Offer The transaction details have been released for market review, outlining the scope and timeline of the offer:ActivityDateDayBuyback Opening DateJuly 1...

SEBI Warns Sri Havisha Hospitality Over Failure to Disclose Material Liability in Percept Advertising Dispute Sri Havisha Hospitality and Infrastructure Limited has received a formal warning from the Securities and Exchange Board of India (SEBI) concerning non-compliance with the provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations).The regulatory examination noted that the company failed to make the required disclosure regarding a pending liability arising from a dispute with Percept Advertising Limited. This outstanding liability was observed to exceed the materiality threshold specified under Regulation 30(4) of the LODR Regulations.The warning addressed the lapse in...

Oberoi Realty Launches Ultra-Luxury Project Three Sixty North in Gurugram Oberoi Realty Limited has announced the launch of Three Sixty North, an ultra-luxury residential development designed to become a landmark for the National Capital Region (NCR). The project spans 14.8 acres and is strategically located on Golf Course Extension Road in Sector 58, Gurugram.Three Sixty North draws inspiration from Oberoi Realty's successful design ethos established through its Mumbai property, Three Sixty West, translating that commitment to quality into the NCR market. This master-planned development aims to redefine ultra-luxury living in one of Gurugram's most sought-after residential corridors by combining refined architecture with expansive...

Antony Waste Handling Cell Extends Corporate Guarantee for Subsidiary's Credit Facility Antony Waste Handling Cell Ltd has extended a corporate guarantee in favor of Kotak Mahindra Bank Limited on behalf of its subsidiary, Mumbai Eco Solutions Private Limited. The guarantee pertains to credit facilities availed by the subsidiary company, with the principal sum provided being ₹20,00,00,000 (Rupees Twenty Crore only).The guarantee issued by Antony Waste Handling Cell Ltd covers the credit needs of Mumbai Eco Solutions Private Limited. According to details released regarding the transaction, the corporate guarantee is in favor of Kotak Mahindra Bank Limited.In terms of commercial interest, the promoter and the promoter group have no...