Markets

C-DOT and IIT Hyderabad Forge Strategic Alliance to Accelerate India’s Race in 6G, Quantum, and AI Telecom Technologies The Centre for Development of Telematics (C-DOT), the premier telecom R&D centre under the Department of Telecommunications (DoT), has signed a pivotal Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IITH). This strategic partnership aims to dramatically advance research and innovation across next-generation communication technologies in India.As part of this collaboration, C-DOT is establishing a Centre of Excellence (CoE) at IIT Hyderabad. The CoE will serve as a dedicated hub for high-impact R&D, accelerating indigenous research and capacity building across advanced...

BLB Limited Board Approves Up to Rs 50 Crores in Loans and Fixes Date for 45th AGM BLB Limited, in a recent decision by its Board of Directors, approved provisions related to advancing loans and setting the date for the company's upcoming Annual General Meeting (AGM). The board meeting concluded with approvals covering financial commitments and the necessary materials for the AGM pertaining to the financial year 2025-26.The Board considered and sanctioned the advancement of loans, providing guarantees, or offering security in connection with any loan to a person or body corporate covered under Section 185 of the Companies Act, 2013. This commitment is limited to an aggregate amount not exceeding Rs 50.00 Crores. The approval for this...

SAIL Supplies 5,700 Tonnes of Special Steel for Navy Vessels, Bolstering India's Defence Indigenization Drive The Steel Authority of India Limited (SAIL) has secured a critical role in boosting India's maritime defense capabilities. Three SAIL facilities supplied the entire requirement of 5,700 tonnes of specialized defence-grade steel for three recently commissioned vessels of the Indian Navy. This move underscores SAIL's growing significance as a key contributor to national defence indigenisation efforts.The advanced warships benefitting from this supply include INS Dunagiri, the stealth frigate; INS Agray, an anti-submarine warfare shallow water craft; and INS Sanshodhak, a survey vessel (large). These vessels were formally...

Tech Stocks Surge as Nasdaq 100 Recovers from $1.3 Trillion Rally Fears US technology stocks demonstrated resilience on Wednesday, staging a significant rebound after concerns over the scale of the artificial-intelligence fueled rally had wiped nearly $1.3 trillion in market capitalization from Nasdaq 100 companies over two days. The broad movement saw the S&P 500 Index steady at a 0.4% gain, while the Nasdaq 100 climbed 0.5%, with the blue-chip Dow Jones Industrial Average remaining largely unchanged.Global Market Temperament and Tech Focus The day's performance highlighted the continuing strength of major US tech firms. The S&P 500’s strong showing was heavily influenced by Micron Technology Inc., which accounted for a significant...

Independent Director Resigns from Rallis India Ltd Amid Professional Commitments Rallis India Limited has announced the resignation of Mr. Mahesh Girdhar as a Non-Executive Independent Director of the company. The change is effective immediately, following his decision due to current and future professional commitments.Consequent to this departure, Mr. Girdhar also ceases to be a member of several key committees within Rallis India. These include the Audit Committee, the Corporate Social Responsibility Committee, and the Safety, Health, Environment and Sustainability Committee.The Board of Directors has recorded its sincere appreciation for the valuable contributions provided by Mr. Mahesh Girdhar during his tenure with Rallis India...

Sensex Soars Amid Strong Domestic Cues; FII Outflows Persist as DII Surge The Indian equity markets witnessed a strong recovery on June 24, with the benchmark indices gaining significantly. The rally saw positive momentum across both heavyweight and niche sectors, driven by domestic macroeconomic signals and favorable international developments.At the close of trading, the Sensex rose 790.54 points or 1.04 percent to reach 76,991.22. The Nifty index also gained 197.55 points, rising 0.83% to trade at 24,021.65.Institutional Investor Flows Dominate Trading Day The market day reflected diverging actions from Foreign and Domestic institutional investors. Provisionally reported data showed that Foreign Institutional Investors (FIIs)...

Gold Plummets Amid Dollar Surge: Silver Drops in Delhi as Global Markets Face Liquidity Squeeze Precious Metal Prices Slip as US Dollar Gains Strength Gold prices declined significantly on Wednesday in the national capital, reflecting downward momentum across precious metals. The market saw a drop of Rs 1,200, bringing the price of 99.9 per cent pure gold to Rs 1,48,100 per 10 grams, down from Tuesday's closing rate of Rs 1,49,300.Meanwhile, silver continued its descent for the second consecutive day, falling by Rs 4,000. The metal settled at Rs 2,31,000 per kilogram (inclusive of all taxes), following a previous session where it had plummeted by Rs 10,500 to settle at Rs 2,35,000 per kg.Global Gold and Silver Decline amid Dollar...

Viji Finance Approves Key Director Appointments and Expands Operations Through New Branch Openings Viji Finance Limited announced significant decisions made by its Board of Directors during a meeting held on Wednesday, June 24, 2026. The company approved key appointments to strengthen its leadership structure and greenlit the opening of multiple new branch offices across India as part of its business expansion strategy.The Board meeting considered and ratified several appointments concerning the company's directorships. Mrs. Sejal Riddhesh Shah (DIN: 11269204) was approved for appointment as an Additional Director in the category of 'Non-Executive Non-Independent Director.' This appointment is effective from June 24, 2026, pending...

Gold Plummets Below $4,000 as Resurgent Dollar and Hawkish Fed Halt Multi-Year Bull Rally Gold has fallen below the critical $4,000 mark for the first time since November, signaling a halt to its prolonged multi-year bull market. Precious metal prices slipped sharply as much as 2.9%, settling at $3,999.90 an ounce in a second consecutive session of decline. The retreat comes after the commodity enjoyed double-digit gains over each of the last three years, attracting significant investment from central banks and retail investors alike.Factors Driving Gold's Retreat Below Key Support Levels The precious metal experienced a sharp reversal following its run out of steam late in January. After touching an all-time high near $5,600 an...

Brent Crude Plummets on Oil Flow Optimism; Prices Hit Multi-Month Low as Hormuz Tension Eases Brent crude prices plunged significantly below $75 a barrel on Wednesday, registering their lowest levels since before the start of the Iran war. This sharp decline was driven by emerging signs that increased tanker traffic is expected to move through the Strait of Hormuz.Brent futures were reported down $3.32 or 4.3%, settling at $73.76 a barrel by 1327 GMT. Meanwhile, U.S. West Texas Intermediate (WTI) slipped by $3.02 or 4.13% to $70.19.Market Reaches Multi-Month Lows Brent touched a low of $73.60, marking its weakest point since February 27, the day preceding U.S.-Israeli strikes against Iran. WTI also saw a significant dip, falling as...

Infosys Partners with Sentara to Scale AI Adoption and Enhance Efficiency in Healthcare Infosys Ltd has announced a strategic collaboration with Sentara, a leading not-for-profit healthcare organization, aimed at building a scalable foundation for AI-driven transformation within healthcare services. The partnership seeks to enhance enterprise efficiency, support clinical staff, and improve the experiences of both patients and members through responsible AI implementation across hospital systems.As part of its commitment to an AI-first approach, Infosys will leverage its proprietary technology, the Infosys Topaz Fabric. This purpose-built agentic services suite is designed to unify infrastructure, models, data, applications, and...

KEI Industries Taps Rashmika Mandanna as Brand Ambassador, Kicks Off New Marketing Push KEI Industries Limited, a leading manufacturer of Wires and Cables, announced the appointment of celebrated actor and youth icon Rashmika Mandanna as its new Brand Ambassador. This strategic association marks a significant step in the company's brand journey, aiming to strengthen customer engagement and enhance visibility across key markets.The partnership is set for a period of two years. The move aligns with KEI Industries’ commitment to excellence and consumer-centricity, leveraging Mandanna’s widespread appeal and versatility to reinforce the company's brand positioning.KEI Industries Limited is one of India's premier manufacturers in this...

Avantel Limited Reports Completion of Independent Director Tenure Avantel Limited has announced that Mr. Myneni Narayana Rao, an Independent Director, has concluded his tenure with the company. The director ceased his role effective from the close of business hours on June 24, 2026, upon completing his second consecutive term as an Independent Director.The Board of Directors of Avantel Limited expressed deep appreciation for Mr. Myneni Narayana Rao’s valuable guidance, support, and contributions during his tenure with the organization.Mr. Rao's cessation from the post was due to the completion of his mandated term and was not a result of resignation or any other circumstance.Key details regarding the completion of the Independent...

Vertoz Limited Files Fourth Patent Application Focusing on Machine Learning in Digital Advertising Vertoz Limited has advanced its intellectual property portfolio by filing its fourth patent application in India on June 24, 2026. This filing underscores the company's commitment to innovation and strengthening its technological foundation within the digital advertising ecosystem.The patent application is titled "SYSTEM AND METHOD FOR DEMAND PLATFORM OPTIMIZATION (DPO) USING MACHINE LEARNING-BASED DSP PREDICTION, RANKING, AND REAL-TIME SLOT ALLOTMENT."This proposed invention leverages machine learning to intelligently determine which advertising partners are most likely to respond to a specific ad opportunity before any request is...

GUJGASLTD transforms into GUJENERGY as Gujarat Gas Limited changes name and symbol Gujarat Gas Limited is undergoing a corporate restructuring, announcing significant changes to its name and stock market symbol. The transition of the company's identity is set to be effective starting July 01, 2026.The change involves updating both the trading symbol and the full legal name of the entity. As detailed in the update, the existing name and associated details are being replaced by new designations.The key changes include:Existing Name: Gujarat Gas Limited New Name: GUJARAT ENERGY LIMITED Existing Symbol: GUJGASLTD New Symbol: GUJENERGYThese updates will be effective from July 01, 2026, marking the formal shift in branding and...

Apsis Aerocom Approves Half-Year and Full Financial Year Results; Details of IPO Funds Utilization Released Apsis Aerocom Limited announced the approval of its Audited Financial Results for the half year and full financial year ended March 31, 2026. The Board of Directors approved these results during a meeting held on May 28, 2026.The company’s performance across both periods was reviewed by the Audit Committee before being formally ratified by the board. Independent auditors, YCRJ & Associates, issued an unmodified opinion on the Financial Results, which were prepared in accordance with applicable Accounting Standards and general accounting practices accepted in India.Key Financial Performance Highlights (in Lakhs) The company...

Rite Zone Chemcon Approves Rs 5 Crore Credit Facility and Internal Auditor Appointment Rite Zone Chemcon India Limited’s Board of Directors took several key decisions during a meeting held on June 24, 2026. The Board approved the availing of credit facilities from HDFC Bank Limited and formally appointed an internal auditor for the financial year 2026-27.The company approved securing aggregate credit facilities up to Rs 5 Crores from HDFC Bank Limited. Associated with this approval is the authorization to execute all necessary documents related to the facility.In a governance decision, the Board also approved the appointment of M/s. Mohan Tandon & Company as the Internal Auditor for Rite Zone Chemcon India Limited for the financial...

Saboo Sodium Chloro Receives In-Principle Approval from BSE for Rs 47.57 Crore Rights Issue Saboo Sodium Chloro Limited has received in-principle approval from the Bombay Stock Exchange (BSE) regarding its proposed rights issue of partly paid-up equity shares. The approval relates to a potential issue size of Rs 47.57 Crores.The BSE provided the in-principle approval for the Rights Issue, confirming permission for the company to use the exchange's name in the relevant documentation. This approval was granted following the scrutiny of the letter of offer by the Stock Exchange for its internal purposes.The details of the approval and the financial scope of the issue are summarized below:ParticularsDetailsAuthority granting...

Oberoi Realty Confirms Gurugram Project Status as Land Acquisition is Completed Oberoi Realty Ltd provided details regarding its real estate venture in Gurugram, confirming a land acquisition and clarifying the status of the project's regulatory milestones. The company intends to develop a luxury residential group housing project on the acquired land in the National Capital Region (NCR).The development initiative began with an Agreement for Sale executed in November 2023. Oberoi Realty secured the land through this agreement, which was structured with Ireo Residences. Upon execution of the contract, the company took possession of the property.This transaction marked the firm’s entry into the NCR market, and Oberoi Realty has since...

Jubilant Generics Secures Tax Relief: Income Tax Department reduces adjustments by over 60% in AY 2023-24 Jubilant Pharmova Ltd.'s wholly owned step down Indian subsidiary, Jubilant Generics Limited (JGL), has received a favorable order from the Income Tax department concerning income assessed for Assessment Year (AY) 2023-24. The rectification application filed by JGL resulted in significant reductions to previously assessed tax adjustments.The rectification granted by the Income Tax Department drastically reduced the total tax adjustments imposed on the company. Initial adjustments stood at Rs. 107.89 crs, which were subsequently revised down to Rs. 42.41 crs.This legal development provided JGL with relief from the relevant...