Markets

Shri Bajrang Alliance Completes Tenure of Independent Director Rakesh Kumar Mehra Shri Bajrang Alliance Ltd has announced the completion of tenure for its Independent Director, Mr. Rakesh Kumar Mehra. The cessation follows his five consecutive years serving in this role at the company.The independent director's tenure concluded on June 28, 2026, and he ceased to hold the office effective from June 29, 2026.Mr. Rakesh Kumar Mehra (DIN: 09197046) completed his five consecutive years as an Independent Director of the company.Key details regarding the completion of tenure are provided below:DetailInformationDirector NameMr. Rakesh Kumar MehraDirector Identification Number (DIN)09197046Role StatusIndependent Director...

Olympic Cards Limited Reports Default on Term Loan with HDFC Bank Ltd OLYMPIC CARDS LIMITED has announced a default on a term loan provided by HDFC Bank Ltd. The company disclosed these details in relation to its overall financial indebtedness and outstanding borrowings as of recent reporting dates.The terms of the obligation concerned a term loan, which was reported non-performing following a default that occurred on 28-05-2026. The lender for this specific obligation is HDFC Bank Ltd.Details regarding the current default include:Principal default amount: Rs. 0.1260 Cr Interest default amount: Rs. 0.0257 Cr Total default amount: 0.1517 Cr (equivalent to Rs. 15,17,273/-)The overall details of the obligation stood at a total...

DEE Development Engineers Limited Shareholders Approve Preferential Issue of Securities at EGM DEE Development Engineers Limited successfully passed a Special Resolution pertaining to the Preferential Issue of Securities on a Private Placement basis during its Extraordinary General Meeting (EGM) held on June 27, 2026. The resolution was approved by the shareholders with the requisite majority.The EGM, which took place on Saturday, June 27, 2026, addressed several key matters, including the approval of the preferential issue, as detailed in the prior notice and corrigendum dated June 18, 2026.Meeting Summary and Attendance A total of 44,061 shareholders were on record as of the cut-off date, June 20, 2026. Out of these shareholders...

R Systems International Ltd increases paid-up share capital following RSU allotment under Incentive Plan R Systems International Limited has seen an increase in its issued and paid-up equity share capital following the allotment of shares based on the exercise of Restricted Stock Units (RSUs). The transaction was carried out as part of the company's Management Incentive Plan 2023.The Nomination, Remuneration and Compensation Committee of the Board of Directors approved the allotment through a resolution passed by circulation on June 27, 2026. The allotment involved the issue of 6,213 equity shares upon the exercise of 6,213 RSUs.This transaction resulted in an increase in the company’s capital structure, effective June 27, 2026. R...

Sensex and Nifty Rally: De-escalation of US-Iran Tensions Spurs Bullish Bounce on Global Risk Appetite Market Reversal After Early Declines Indian equity benchmarks, the Sensex and Nifty 50, recovered from early trading losses to maintain a cautious upward trend on June 29. The market activity reflected increasing focus on geopolitical stability following recent regional tensions.As of 09:53 am, the Sensex stood at 77,084.46, registering a marginal decline of 16.01 points or 0.02%. Concurrently, the Nifty was trading positively at 24,079.40, having advanced by 23.40 points or 0.1%.Market breadth indicated mixed activity, with 1513 shares advancing and 1920 shares declining. A relatively small number of 202 shares remained unchanged...

Momentum Stocks Surge Amid Quiet Buying Interest; Select Companies Break Key Technical Thresholds In a market segment lacking fresh fundamental triggers, several stocks are demonstrating powerful directional moves driven purely by technical strength and sustained buying momentum. On June 29, certain companies outperformed the broader indices, achieving significant price gains despite mixed sentiments across different segments of the equity market.Strong Momentum Stocks Drive Upward Trend Vikran Engineering led strong movers, gaining 8.35% to close at ₹76.28. The stock is currently trading above both its 30-day (₹70.40) and 50-day (₹71.22) simple moving averages. However, the position relative to longer term indicators remains...

Anant Raj Limited Approves Reappointment of Cost and Internal Auditors; Sets AGM Date Anant Raj Limited, formerly Anant Raj Industries Limited, announced key outcomes from its Board of Directors meeting held on Saturday, June 27, 2026. The Board approved the re-appointment of both the Company's Cost Auditor and Internal Auditor for the financial year 2026-2027, alongside scheduling details for the upcoming Annual General Meeting (AGM).The management decisions made by the Board meeting include setting a record date for dividend entitlement and confirming the schedule for the AGM.Key Governance Decisions The Board of Directors approved the notice for the Company's Annual General Meeting (AGM), which is set to be held on Friday, August...

Turtlemint Fintech Debut Under Scrutiny: Stock Lists at 11% Discount After IPO Debut The shares of Turtlemint Fintech Solutions made a lackluster market debut on Monday, listing at a discount following its initial public offering (IPO). The company's primary IPO raised ₹883 crore and saw a subscription level of 1.20 times across the two-week period ending June 23.The stock listing revealed a muted response from the primary market investors. On the NSE, Turtlemint Fintech was priced at ₹134.90 per share, representing an 11.25 percent discount relative to the initial issue price band of ₹144-₹152 per share.Listing Details Across Stock Exchanges The company’s performance differed slightly across the two major exchanges. On the BSE...

Bitcoin Plummets Amid ETF Outflows and Dollar Strength: What the Price Action Means for Crypto Investors? Bitcoin saw a significant dip this week, falling nearly 7 percent despite attempts to stabilize near key levels. The cryptocurrency markets are currently grappling with macroeconomic headwinds as global investors assess escalating geopolitical uncertainty in the Middle East. Bitcoin recently traded near $58,900 before recovering some ground, settling at $59,905.71, representing a minor 0.33 percent decline over the past 24 hours.The sustained downward pressure on BTC is primarily attributed to consistent outflows from US spot Bitcoin ETFs. Additionally, the strengthening US dollar and hawkish signals emanating from the Federal...

Kamdhenu Ltd Receives Credit Rating Upgrade to CARE A+; Stable from CARE Ratings Limited Kamdhenu Ltd has seen an upgrade in its credit rating following a review by CARE Ratings Limited. The agency upgraded the company's issuer rating, citing recent developments concerning the company's operational and financial performance for Fiscal Year 2026 (Abridged).CARE Ratings Limited confirmed the revision of the company's rating, noting that the update reflects its assessment of the company’s general creditworthiness. The review concluded with an upgrade in the issuer rating status.The credit ratings provided by CARE Ratings Limited are based on developments and performance data observed for FY26 (Abridged).The details of the credit...

MMP Industries Board Approves Seeking Financial Assistance for Working Capital MMP Industries Limited held its second meeting of the Board of Directors for Fiscal Year 2026-27 on Saturday, June 27, 2026. The board addressed several key business matters during the session.During the meeting, the company considered and approved a strategic step to seek financial assistance. This approval is intended to secure necessary funds from Financial Institutions or Banks in the form of ECGLS.5 financing. The purpose of obtaining this external assistance is specified as supporting the company's working capital requirements.MMP Stock Price Movement MMP Industries Limited shares gained strongly on Thursday, edging up by 2.38% as the stock settled...

Aeroflex Industries Announces Book Closure for 32nd Annual General Meeting Aeroflex Industries Limited has announced the book closure of its Register of Members and Share Transfer Books. The measure is being implemented in preparation for the company's 32nd Annual General Meeting (AGM).The company confirmed that the register books will be closed from Wednesday, July 15, 2026, through Tuesday, July 21, 2026, inclusive. This closure relates specifically to the administrative requirements of conducting the 32nd Annual General Meeting.AEROFLEX Stock Price Movement On Thursday, shares of Aeroflex Industries Limited slipped by 2.85% to close at ₹466.65, shedding ₹13.65 from the previous day's close. The stock traded within a notable range...

WPIL Ltd faces debarment from MP Jal Nigam over alleged delays in contract milestones WPIL Limited has received an order from its client, Madhya Pradesh Jal Nigam, alleging a delay in completing prescribed contractual milestones on certain ongoing contracts. The receipt of this order means that the company is temporarily barred from participating in future procurement processes initiated by the client.The Order stipulates that WPIL will be debarred from participating in any tenders, bids, and procurement processes for a period determined by one of two conditions: either until the completion and commissioning of certain ongoing contracts or for a duration of three years, whichever comes first.Despite the significant consequences...

Colinz Laboratories Completes Sale of Nashik Factory and Land for Rs 4 Crore Colinz Laboratories Limited has concluded the sale of its factory building and associated land located in Sinnar, Nashik, successfully receiving the final tranche consideration amount.The company completed the disposal of the undertaking on June 18, 2026, realizing a total consideration of Rupees Four Crores (Rs. 4,00,00,000/-). The factory and land, which are situated at plot no 60, SRLCE road, Sinnar, Nashik-42, were the assets involved in the transaction.Details regarding the sale and the buyer have been provided by the company. Key aspects of the sale include:ParticularsDetailsTransaction Completion DateJune 18, 2026Total Consideration...

Alkem Medtech Executes First Supplementary Agreement in Occlutech Acquisition Alkem Laboratories Limited's subsidiary, M/s. Alkem Medtech Private Limited, has formalized a significant step toward acquiring a stake in the Swiss company, Occlutech Holding AG.Alkem Medtech was initially informed of plans to acquire at least 51% and up to 55% of the total issued equity share capital of M/s. Occlutech, which is a company incorporated in Switzerland. This intention follows the execution of an initial Share Purchase Agreement with the selling shareholders of Occlutech.In continuation of these proceedings, it was reported that on June 26, 2026, Alkem Medtech executed the First Supplementary Agreement to Share Purchase Agreement. This...

Forex Reserves Surge to $672.6 Billion as Bank Credit Jumps 17.7%: India’s Financial Stability Rises India continues to showcase robust financial health, highlighted by a significant rise in foreign exchange reserves and accelerating bank credit growth, according to the latest Moneycast report from CareEdge Ratings. This positive domestic performance comes amid mixed global cues, with international markets closing down as commodity prices reacted sharply to crude oil movements.Domestic Financial Health Indicators Strengthen The nation's foreign exchange reserves climbed by $960 million in the previous week, reaching a substantial $672.6 billion. This growth underscores steady management of external financial buffers. Simultaneously...

Blue Cloud Softech Solutions Empaneled by BSNL as Captive Non-Public Network Provider Blue Cloud Softech Solutions Limited (BCSSL), an AI-first technology company, has been empaneled by Bharat Sanchar Nigam Limited (BSNL) as a Captive Non-Public Network (CNPN) Provider under Category III. This partnership enables the company to collaborate with BSNL in developing and managing captive private network solutions for enterprise customers across India.The empanelment follows the execution of a formal agreement between BCSSL and BSNL, which is valid for a period of 60 months. The agreement was received by the company on June 25, 2026.Strategic Opportunity in Digital Infrastructure This designation confers eligibility upon BCSSL to...

Golkunda Diamonds Allots 1.24 Million Warrants in Preferential Issue; Details and Investor List Released Golkunda Diamonds & Jewellery Ltd has completed the allotment of warrants through a preferential issue process, as approved by its Board of Directors on June 27, 2026. The company granted 1,240,000 warrants to non-promoter entities at a fixed price.The preferential issuance involves the sale of convertible warrants, each priced at Rs 214/-. These warrants are designed to be converted into equity shares having a face value of Rs 10/- per share. The conversion window for these securities is set for 18 months from the date of allotment, subject to applicable terms and conditions.The company confirmed that the offer was fully...

Rupee Gains as US, Iran Halt Strikes; Global Markets Brace for Oil Price Volatility The Indian Rupee opened showing strength against the US Dollar on June 29. It traded at 94.35, managing to move five paise higher from the previous close of 94.40. This performance is notable as it marks the currency's first month-on-month gain since February.Traders largely remained cautious ahead of crucial talks between the two nations, aimed at stabilizing the fragile truce. The currency and fixed income markets had been closed on June 26 following Muharram holidays.Rupee Reacts to US-Iran De-escalation Amid Stable Oil Crude The Rupee appeared resilient despite the recent military exchanges between the US and Iran over the Strait of Hormuz, a...

Bond Markets Hold Steady as Global Focus Shifts to US-Iran Peace Summit Bonds Open Flat Amid Geopolitical Tensions and Oil Price Correction The bond market opened flat on June 29, with investors remaining cautious amid the ongoing tensions between the United States and Iran. Despite recent hostilities subsiding, these geopolitical uncertainties kept traders somewhat reserved. The benchmark 10-year yield maintained stability at 6.7655 percent, marking its lowest level since March 20. This movement contrasts with its closing value from the previous session at 6.7690.Oil Prices Fall Significantly Despite Geopolitical Concerns While tensions between Washington and Tehran persist, oil prices have experienced a notable downturn from their...