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Jupiter Wagons Secures Over Rs 264 Crore in Orders from JSW and CWC Jupiter Wagons Limited has secured two significant contracts totaling approximately Rs 264.32 crore from major clients, JSW (South) Rail Logistics Private Limited and Central Warehousing Corporation (CWC). These orders reinforce the company's position in the freight logistics sector and across both private and public clients.The contracts involve the manufacture and supply of specialized rail wagons and rakes tailored to evolving customer needs.Order Breakdown Jupiter Wagons signed a Letter of Intent (LoI) with JSW (South) Rail Logistics Private Limited for rolling stock. Additionally, Central Warehousing Corporation (CWC), a Government of India enterprise, awarded...

Housing Development and Infrastructure Ltd to Hold Forty Fourth Committee of Creditors Meeting on June 25, 2026 Housing Development and Infrastructure Ltd (HDIL), which is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency and Bankruptcy Code, 2016, has scheduled its next critical meeting.The Forty Fourth meeting of the Committee of Creditors (CoC) for HDIL is set to take place on June 25, 2026.The company's affairs and assets are being managed by the Resolution Professional, Mr. Abhay N Manudhane. He was appointed as the Resolution Professional by the National Company Law Tribunal, Mumbai Bench, vide order dated August 20, 2019.HDIL Stock Price Movement As of 3:02 PM, shares...

Iraq Puts Future with OPEC at Risk: Production Quota Dispute Ignites Geopolitical Tensions Saudi and Gulf Nations Brace for Uncertainty as Iraq Raises Ultimatum Iraq has signaled a potential rift within the Organization of the Petroleum Exporting Countries (OPEC). The nation stated that it might consider withdrawing from the group if its oil production quota is not increased in due course. This development comes shortly after the United Arab Emirates (UAE) decided to exit OPEC to pursue higher output levels.The threat comes as a direct response to perceived limitations within the organization. Iraqi Oil Ministry spokesman Salim Al-Rikabi clarified that while there is no immediate intention to withdraw, the possibility remains if key...

CMAirtime Promotion LLP Acquires Shares of Chambal Fertilisers and Chemicals Ltd, Increasing Stake in Open Market CMAirtime Promotion LLP has increased its aggregate shareholding in Chambal Fertilisers and Chemicals Ltd. through a substantial purchase of equity shares in the open market. The acquisition, which took place on March 23, 2026, brought the LLP's total holding to 2,134,180 equity shares.CMAirtime Promotion LLP acquired 900,000 equity shares of Chambal Fertilisers and Chemicals Ltd. in the open market on March 23, 2026. This transaction marked a rise in the LLP’s stake from an existing holding of 2,044,180 equity shares to the current total of 2,134,180 equity shares.The acquisition details and the resulting shareholding...

Indian IT Giants Surge into Capability Wars: FIRMS Spend $4.3 Billion on M&A amid AI Deflationary Pressure Indian technology firms are aggressively investing in strategic acquisitions, spending approximately $4.3 billion in mergers and acquisitions (M&A) during the first half of the financial year 2026. This massive outlay is being driven by an urgent need to shore up capabilities in AI engineering, cybersecurity, and industry-specific platforms as the technology landscape rapidly evolves.The investment surge comes at a crucial time. As global tech companies grapple with AI having a deflationary effect on traditional revenue growth, IT players are using M&A not merely for expansion, but for vital capability acquisition. The data...

Ganga Forging Limited Announces Terms of Rights Issue: Offers Equity Shares at Rs 1.63 Per Share Ganga Forging Limited has announced the key terms for its proposed Rights Issue, following approval by its Board of Directors on June 25, 2026. The issue involves a total of 20,22,03,345 Rights Equity Shares to be issued at a price of Rs 1.63 per share.The Rights Issue is set to raise up to Rs 32,95,91,452 (Rupees Thirty Two Crore Ninety Five Lakh Ninety One Thousand Four Hundred and Fifty Two Only), based on the assumption of full subscription. The issue was initially approved by the Board of Directors on January 06, 2026.The company specified several crucial parameters for the Rights Issue:ParticularDetailsInstrumentFully...

Promoter Acquires Shares in Three M Paper Boards Ltd Through Open Market Transaction A member of the promoter group, Rushabh Hitendra Shah, has acquired shares of Three M Paper Boards Limited through an open market purchase. The transaction was completed on June 24, 2026.The acquisition activity relates to the shareholding held by Mr. Shah within the company, which is listed on the BSE.Prior to the acquisition, Rushabh Hitendra Shah held 1,455,000 shares of Three M Paper Boards Limited, representing 7.56% of the total diluted share and voting capital. The transaction involved the purchase of 2,000 shares through the open market.Following the successful acquisition, Mr. Shah's holding increased to 1,457,000 shares, resulting in a...

Eimco Elecon Highlights Resilience, Launches Continuous Miner 3500 at Annual General Meeting Eimco Elecon’s Chairman addressed shareholders during the company's 52nd Annual General Meeting held on June 25, 2026, reflecting on a year marked by challenges and significant technological advancements. The management highlighted strong financial discipline amidst global uncertainties and detailed major product additions designed to strengthen India's mining and construction capabilities.The meeting served as a platform not only for reviewing past performance but also for introducing pivotal steps toward the company’s future-focused strategy. Eimco Elecon underscored its commitment to engineering excellence, noting that despite challenging...

Subsidiary of Dynamic Services and Security Limited Secures Contract from South East Central Railway The BHARAT BATTERY MFG CO PRIVATE LIMITED, a wholly owned subsidiary of Dynamic Services & Security Limited, has received a work order from the South East Central Railway, PCMM Office. The contract involves supplying Low Maintenance Lead Acid Battery 8V/500 Ah to the railway entity.The agreement is for the supply of the specified batteries and totals Rs. 56,97,181.60. The contract execution includes three delivery schedules spanning multiple months across two calendar years.This business deal was awarded by a domestic entity, and the services contracted fall under the nature of battery supply. The contract is governed by the general...

Axis Bank Unveils Sustainability Report Highlighting ESG Targets and Operational Resilience in FY2025-26 Axis Bank Limited, a leading financial institution, has released its Business Responsibility and Sustainability Report (BRSR) for Fiscal Year 2025-26. The report provides a detailed look into the bank's operational scale, commitment to ethical business conduct, and progress toward ambitious environmental and social governance (ESG) objectives.The BRSR details the bank’s broad operational footprint, its human capital structure, and comprehensive efforts across climate action, sustainable finance, and data security management.Operational Scope and Human Capital As of the reporting period, Axis Bank maintains a significant national...

Nimbus Projects Limited Executes MoU for Residential Township in Mathura, Uttar Pradesh Nimbus Projects Limited has executed a Memorandum of Understanding (MoU) for the proposed acquisition and development of a residential township project in Neemgaon, Tehsil Govardhan, District Mathura, Uttar Pradesh. The agreement sets the terms for the commercial understanding between Nimbus Projects Limited and three land owners.The MoU, signed on June 24, 2026, outlines the framework for the acquisition, development, and commercialization of the proposed township project. The parties involved in the agreement are Nimbus Projects Limited (the Developer), M/s Kaamag Private Limited, and M/s Maayin's Real Estate Private Limited, along with Mr...

Central Depository Services Announces Final Dividend Recommendation and Record Date for FY 2025-26 Central Depository Services (India) Limited has announced the details regarding the recommendation of a final dividend for the financial year 2025-26. The company set July 17, 2026, as the record date to determine eligible shareholders.The Board of Directors at its meeting on May 02, 2026, recommended a final dividend amounting to ₹ 12.75 per equity share. This recommendation was made against a face value of ₹ 10 per equity share and is subject to approval by the Shareholders at the Twenty-Eighth Annual General Meeting (AGM).The record date for determining shareholders eligible to receive the dividend, in case it is approved at the...

United Drilling Tools Limited Reappoints Independent Directors for Five-Year Term United Drilling Tools Limited has announced the re-appointment of two non-executive independent directors, Mr. Ved Prakash Mahawar and Mrs. Preet Verma. The directorship appointments have been confirmed for their second term, commencing on June 25, 2026, and extending until June 24, 2031.The company confirmed the continuation of both individuals as Non-Executive Independent Directors following the approval by members through Postal Ballot.Both Mr. Mahawar and Mrs. Verma will serve a five consecutive years term beginning on June 25, 2026. Furthermore, the company stated that neither director has any relationship with other Board members.A detailed...

Wanbury Limited Secures Debt Refinancing, Releasing Significant Promoter Equity Pledge Wanbury Limited has completed a significant refinancing of its existing debt facilities, leading to the release of a substantial pledge over the equity shares held by members of the Promoter Group. The company also announced that its borrowing cost will drop below 10% per annum starting July 1, 2026.The company secured new debt facilities through Axis Finance Limited and Poonawala Fincorp. As a result of this arrangement, the pledge created on the equity shares held by the Promoter Group is being released to the full extent previously held by Investec AIF and Tata Capital Limited.Upon this transaction, 14,203,818 equity shares are set to be...

Goldkart Jewels Limited Board Approves Loan Transaction to Related Party Laxmi Goldorna House Limited Goldkart Jewels Limited's Board of Directors has approved a material related party transaction involving granting or extending a loan to Laxmi Goldorna House Limited, which is identified as the related party. The approval was granted by the Board upon recommendation from the Audit Committee, though the final transaction remains subject to the approval of the company's shareholders.The Board meeting held on Thursday, June 25, 2026, considered and approved both the material related party transaction itself and the necessary procedural steps for its ratification. To ensure fairness and transparency in the process, the Board also...

Rhi Magnesita India Ltd. Forms Joint Venture with Khemka Refractories for Greenfield Recycling Facility in Odisha Rhi Magnesita India Limited (RHIM) has entered into a strategic partnership with Khemka Refractories Private Limited (KRPL) to establish a new Joint Venture Company. The venture is aimed at accelerating circular business models and setting up a greenfield refractory recycling facility located in the eastern state of Odisha, India.The Board of Directors of Rhi Magnesita India Ltd. approved the agreement on June 25, 2026. The JV aims to bundle industrial minerals and refractory recycling activities.Partnership Structure and ShareholdingThe initial structure stipulates that the JV Company will be incorporated as a wholly...

Supreme Power Equipment Limited Secures ₹8.64 Crore Order for Supply of Power Transformers Supreme Power Equipment Limited has secured a new domestic order valued at ₹8.64 crore. The contract was finalized on June 25, 2026, with an EPC Company based in Karnataka.The order pertains to the supply of power transformers, and Supreme Power Equipment Limited is expected to execute the work within approximately 11 months.Details regarding this significant business transaction are provided below:ParticularsDetailsOrder Value₹8.64 Crores (New Order)Date of ReceiptJune 25, 2026Customer EntityEPC Company situated in KarnatakaNature of GoodsPower TransformersTechnical Specification20MVA, 110/33- 11KVOrder TypeDomestic...

TTBS Launches #RozBanateHainNayaKal Campaign to Celebrate MSME Contribution to India's Growth Tata Tele Business Services (TTBS) has launched a nationwide campaign, #RozBanateHainNayaKal, dedicated to celebrating the micro, small and medium enterprises (MSMEs) that drive economic activity across India. The initiative was introduced as part of celebrations marking MSME Day 2026.The campaign seeks to shine a spotlight on the often unsung enterprises whose everyday efforts are shaping India's future. MSMEs are recognized as key contributors to generating livelihoods, fostering innovation, and strengthening local communities nationwide.Despite their significant impact, MSMEs navigate complex challenges including customer acquisition...

Committed Cargo Care Limited Announces Resignation of Independent Director Mrs. Shaman Chaudhry Committed Cargo Care Limited has announced the resignation of Mrs. Shaman Chaudhry from the Board, effective June 20, 2026. The resignation cites pre-occupation and other personal commitments. Mrs. Chaudhry will also cease to be a member of several key internal committees within the company following her departure.Mrs. Shaman Chaudhry tendered her resignation as an Independent Director on June 20, 2026. Due to this change, she will no longer serve as a Chairperson/Member of the Audit Committee, the Nomination and Remuneration Committee, and the Stakeholders Relationship Committee of Committed Cargo Care Limited.The company confirmed that...

South West Pinnacle Exploration Limited saw a reduction in its promoter group's shareholding following the sale of equity shares by the promoter and promoter group, Vikas Jain and Piyush Jain. The disposal was conducted through the open market on June 22, 2026, and June 23, 2026.The aggregate number of shares sold across the two days totaled 11,65,820 equity shares, representing a divestment by both promoters involved in the company's promotion.The sale represents a reduction in the promoter group's stake following previous shareholding metrics. Before the sale, the combined holding of Mr. Vikas Jain and Mr. Piyush Jain was reported at 68.85% (based on total shares carrying voting rights) and 69.85% (based on diluted shares/voting...