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Pidilite Industries Announces AGM Date and Record Date for Final Dividend Payment
Pidilite Industries Announces AGM Date and Record Date for Final Dividend Payment Pidilite Industries Ltd. has announced the date for its 57th Annual General Meeting (AGM) and provided details regarding the record date for determining members entitled to receive the final dividend for the Financial Year 2025-26.The company stated that the 57th AGM of its members is scheduled to be held on Tuesday, August 4, 2026. The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).To facilitate the payment of the final dividend for FY 2025-26 and the subsequent AGM, Pidilite Industries Ltd. has set a record date of Thursday, July 23, 2026, across both major stock exchanges.The details regarding the...
Shanti Gold International Ltd to Hold Board Meeting to Consider Raising Funds Through Multiple Securities Issues
Shanti Gold International Ltd to Hold Board Meeting to Consider Raising Funds Through Multiple Securities Issues Shanti Gold International Limited has scheduled a meeting of its Board of Directors to address potential fundraising initiatives through various financial instruments. The Board meeting is set for Tuesday, June 30, 2026.The primary agenda item for the gathering is to consider proposals regarding the raising of funds by issuing securities. The company intends to evaluate several methods for capital infusion, including a further public offer and a rights issue.Other financial instruments under consideration include American Depository Receipts, Global Depository Receipts, Foreign Currency Convertible Bonds, qualified...
Urban Enviro Waste Management Limited Receives Work Order worth ₹19,94,248.65 from Pardi Nagarpalika
Urban Enviro Waste Management Limited Receives Work Order worth ₹19,94,248.65 from Pardi Nagarpalika Urban Enviro Waste Management Limited has secured a work order from Pardi Nagarpalika in District-Valsad, Gujarat. This contract involves providing a specialized management solution for the local authority.The awarded project entails delivering a legacy and fresh work management solution to Pardi Nagarpalika. The scope of work focuses on utilizing Bio-remediation and Bio-mining processes at the Bheslapad Dumping Site.Key details regarding the order are as follows:DetailDescriptionAwarding EntityPardi Nagarpalika, District-Valsad, GujaratNature of WorkLegacy/Fresh work management solutionTechniqueBio-remediation and...
India Ratings Assigns IND AAA Rating to Asian Paints' Banking Facilities
India Ratings Assigns IND AAA Rating to Asian Paints' Banking Facilities Asian Paints Limited has received a credit rating from India Ratings and Research for its bank loan facilities. The rating pertains to the aggregate loan amount of Rs. 2,300 crores for long-term and short-term banking needs.India Ratings issued the rating on June 24, 2026. The assigned ratings details are as follows:FacilitiesAggregate Loan Amount (Rs. in crores)RatingRating ActionLong-term/Short-term bank loan facilities2,300IND AAA/Stable/IND A1+AssignedThese banking facilities were initially availed by Asian Paints (Polymers) Private Limited, which was a wholly-owned subsidiary of the company. Following the amalgamation of AP Polymers with Asian...
Rupee Bounces Back Amid Oil Plunge; Indices Surge as Foreign Inflows Support Market
Rupee Bounces Back Amid Oil Plunge; Indices Surge as Foreign Inflows Support Market Currency Trading Dynamics and Forex Movement The Indian Rupee appreciated by 11 paise, closing at 94.65 (provisional) against the US dollar on Wednesday. This move was primarily supported by a significant downturn in global crude oil prices and positive domestic market sentiment. During interbank trading, the rupee traded within a range of 94.59 to 94.93, setting a stronger close compared to Tuesday's rate of 94.76.Forex traders noted that strengthening local equity markets and sustained Foreign Institutional Investor (FII) inflows contributed positively to the currency’s performance during the trading session. Meanwhile, the dollar index remained firm...
SEBI Simplifies Compliance: Light-Weight NISM Certification Launched for PAIA in Non-Core Sales Roles
SEBI Simplifies Compliance: Light-Weight NISM Certification Launched for PAIA in Non-Core Sales Roles The Securities and Exchange Board of India (SEBI) has taken a significant step towards enhancing the ease of doing business by introducing tailored certification requirements for Persons Associated with Investment Advice (PAIA). The new guidelines specifically target staff members whose roles are primarily focused on sales activities or non-core client services, providing them with a dedicated, specialized qualification instead of mandatory advanced advisory certifications.Targeted Relaxation in PAIA Certification Requirements In a move designed to accommodate the diverse operational functions within investment advisory firms, SEBI...
Shilpa Medicare Subsidiary Settles Dispute with Sartorius for Rs 9 Crore
Shilpa Medicare Subsidiary Settles Dispute with Sartorius for Rs 9 Crore Shilpa Biologicals Pvt. Ltd., a material subsidiary of Shilpa Medicare Limited, has reached an amicable settlement agreement with Sartorius Stedim India Pvt. Ltd. regarding a commercial dispute that was adjudicated in the Commercial Court in Bengaluru.The settlement agreement was executed on June 23, 2026, following negotiations between both parties before the Hon'ble XI Addl. City Civil and Sessions Court in Bengaluru (Commercial O.S. No. 153/2024).Shilpa Biologicals Pvt. Ltd. committed to paying a settlement amount of Rs 9,00,00,000 to Sartorius Stedim India Pvt. Ltd.Dispute Details The dispute involved an alleged claim made by Sartorius, which amounted to...
VA Tech Wabag Recommends Final Dividend of INR 5 Per Share, Detailing TDS Implications for Shareholders
VA Tech Wabag Recommends Final Dividend of INR 5 Per Share, Detailing TDS Implications for Shareholders VA Tech Wabag Ltd announced the recommendation of a Final Dividend of INR 5.00 per Equity Share, following a meeting held by its Board of Directors on May 21, 2026. The dividend is calculated based on an equity share face value of INR 2/- each, representing a rate of 250%.The payment of the final dividend remains subject to the approval of members at the forthcoming 31st Annual General Meeting (AGM), which is scheduled for August 12, 2026.Dividend Payment Details and Tax Deduction at Source (TDS) The Company communicated that the dividend income will be taxable in the hands of shareholders, effective from April 01, 2020, as per...
High Court of Karnataka Clarifies Judgment Recognizing Signpost India's Rights in PPP Arrangement with BBMP
High Court of Karnataka Clarifies Judgment Recognizing Signpost India's Rights in PPP Arrangement with BBMP The Hon'ble High Court of Karnataka has issued a Clarificatory Order regarding the contractual rights of Signpost India Ltd under its Public-Private Partnership (PPP) arrangement with Bruhat Bengaluru Mahanagara Palike (BBMP). The order, which was listed in the Daily Orders listing on June 23, 2026, relates to the court's earlier judgment in W.P. No. 26349/2024.The Clarificatory Order expressly recognized the company’s contractual right under the PPP arrangement and Joint Memorandum of Compromise to erect and maintain advertisement display panels. This includes panels located near police booths or kiosks constructed as part of...
Jio Financial Services Names Key Management Personnel Authorized for Material Event Disclosures
Jio Financial Services Names Key Management Personnel Authorized for Material Event Disclosures Jio Financial Services Limited has released details concerning the Key Managerial Personnel authorized to determine the materiality of company events and make requisite disclosures to stock exchanges. The personnel are crucial in handling corporate information that requires formal reporting.The specified individuals hold key executive roles within the organization, ensuring proper management and communication of material information during business operations. These managerial appointments cover critical areas including leadership and financial oversight.The Key Managerial Personnel authorized for determining event materiality and making...
Bharat Forge Completes Acquisition of RS Aerostructures Ltd, Gains 90% Stake
Bharat Forge Completes Acquisition of RS Aerostructures Ltd, Gains 90% Stake Bharat Forge Limited has completed the acquisition of a substantial stake in RS Aerostructures Limited (RSAL) through its wholly owned subsidiary, BF Industrial Solutions Limited (BFISL).The transaction involves acquiring 36,00,000 equity shares of Rs. 10/- each at par, representing 90% of the paid-up share capital of RSAL on a fully diluted basis.With this acquisition finalized by BFISL, RS Aerostructures Limited has now become the Stepdown Subsidiary Company of Bharat Forge Limited. The completion of the acquisition solidifies the control held by Bharat Forge Limited over the company in which it acquired the stake.BHARATFORG Stock Price Movement Shares...
Vedanta Ltd incorporates subsidiary VEDANTA PROPERTY PLATFORMS LIMITED to pursue real estate business
Vedanta Ltd incorporates subsidiary VEDANTA PROPERTY PLATFORMS LIMITED to pursue real estate business Vedanta Limited has established a wholly owned subsidiary, VEDANTA PROPERTY PLATFORMS LIMITED, in Mumbai, Maharashtra, India. The incorporation of this new entity is intended to serve as a strategic platform for undertaking the company's real estate business and related ancillary activities.The subsidiary was incorporated on June 22, 2026, under the provisions of the Companies Act, 2013, and is based in Mumbai, Maharashtra.VEDANTA PROPERTY PLATFORMS LIMITED has been set up to pursue the Real Estate industry. The incorporation details and capital structure reflect the initial commitment from Vedanta Limited.Key information...
Happy Square Outsourcing Services Gains Contract Extension Worth Approximately Rs. 81 Lakhs from Bharat Dynamics Limited
Happy Square Outsourcing Services Gains Contract Extension Worth Approximately Rs. 81 Lakhs from Bharat Dynamics Limited Happy Square Outsourcing Services Limited (White Force) has received a significant extension on an existing work order, securing additional revenue from M/s Bharat Dynamics Limited. The contract extension, finalized on June 24, 2026, concerns the provision of manpower supply services.The work order initially awarded by Bharat Dynamics Limited in July 2024 was subsequently extended in February 2026. The company has now received a further extension to this existing service order.The contract extension is for services expected to be provided up to three months, with an aggregate consideration amounting to...
Sony India Bets on Premiumization as High-End Demand Spurs Festive Season Revival
Sony India Bets on Premiumization as High-End Demand Spurs Festive Season Revival Sony India is aggressively pivoting its strategy, banking on consumer demand for premium electronics to drive double-digit value growth in FY26. The company acknowledges a sluggish start marked by global economic uncertainty and rising input costs, but views the festive sales cycle as crucial for market sentiment revival.The manufacturer expects consumers who remain willing to spend on superior technology will underpin its growth trajectory. Instead of volume being the primary driver, Sony is concentrating on high-value products, believing that premiumization will ultimately outpace unit growth this fiscal year.Navigating Market Headwinds with a...
RBI Tightens Financial Controls: Banks Must Implement Major 'Net Open Position' Changes for Basel Compliance
RBI Tightens Financial Controls: Banks Must Implement Major 'Net Open Position' Changes for Basel Compliance The Reserve Bank of India (RBI) has released the final Amendment Directions concerning ‘Net Open Position’ (NOP), mandating significant revisions in how regulated entities compute their forex risk exposure. These directives aim to ensure enhanced consistency across the financial sector and achieve greater alignment with global standards set by the Basel Committee on Banking Supervision (BCBS).The amendments follow a lengthy review process, incorporating feedback gathered from Regulated Entities (REs) and various stakeholders who were consulted after an initial draft was released on January 14, 2026. The final instructions are...
Tamil Nadu Newsprint & Papers Limited Appoints New Director Representing Finance Department
Tamil Nadu Newsprint & Papers Limited Appoints New Director Representing Finance Department Tamil Nadu Newsprint & Papers Limited, a Government of Tamil Nadu Enterprise, has appointed Thiru N Venkatesh, I.A.S., Secretary to Government (Expenditure), Finance Department, as a Director on its Board. This appointment is part of changes made to the nomination of the Finance Director for the company.The designation of Thiru N Venkatesh was formalized by the Government, following the transfer and posting notification, marking him as the representative from the Finance Department.Profile of Appointed Director Thiru N Venkatesh, I.A.S., assumed the role on June 10, 2026. He is 44 years old, born on November 12, 1981. His educational...
Reliance Home Finance Completes 11th Committee of Creditors Meeting During CIRP
Reliance Home Finance Completes 11th Committee of Creditors Meeting During CIRP Reliance Home Finance Limited, which is undergoing the Corporate Insolvency Resolution Process (CIRP), held its 11th meeting of the Committee of Creditors (CoC) on Wednesday, June 24, 2026. The meeting took place via video conferencing.This installment of the CIRP process follows an earlier intimation made on September 20, 2025, regarding the initiation of the insolvency proceedings for Reliance Home Finance Limited.The Company's Committee of Creditors (CoC) meeting was originally scheduled to be held on Monday, June 15, 2026, at 3:00 P.M. IST through video conferencing. Due to rescheduling, the meeting ultimately convened on Wednesday, June 24, 2026, at...
Tech Titans Surge on Rebound as AI Valuation Jitters Wipe Out Trillions in Market Caps
Tech Titans Surge on Rebound as AI Valuation Jitters Wipe Out Trillions in Market Caps Technology stocks are showing signs of a steady rebound on Wednesday, setting the stage after concerns over extreme valuations surrounding artificial intelligence wiped nearly $1.3 trillion from the market capitalization of Nasdaq 100 companies over the first two days of the week. The recent turbulence has prompted analysts to view these downturns as calculated opportunities rather than catastrophic collapses.Market Resilience and Index Performance Nasdaq 100 contracts gained 0.5% by 6:33 a.m. in New York, recovering from a prior session where the index had slumped by 3.3%. Simultaneously, S&P 500 futures edged up about 0.2%, while the Cboe...
V R Infraspace Completes Acquisition of 51% Stake in Premdhara Agro India to Strengthen Rice Business Presence
V R Infraspace Completes Acquisition of 51% Stake in Premdhara Agro India to Strengthen Rice Business Presence V R Infraspace Limited's subsidiary, Tradio Exim Private Limited (TEPL), has successfully completed the acquisition of a 51% equity stake in Premdhara Agro India Private Limited (PAIPL). This transaction makes PAIPL a subsidiary of TEPL and consequently a step-down subsidiary of V R Infraspace Limited.The completion of the acquisition, finalized on June 24, 2026, aligns with the long term growth strategy of the company by expanding and strengthening its presence in the rice segment. The objective behind the move is to provide strategic and operational synergies between TEPL and PAIPL, thereby improving supply chain and...
Sensex Surges on Buying Strength as Market Prepares for Monthly F&O Expiry
Sensex Surges on Buying Strength as Market Prepares for Monthly F&O Expiry The benchmark equity indices witnessed a significant rebound on Wednesday, recovering nearly 1 percent after a challenging previous session. This resurgence was primarily buoyed by easing crude oil prices and robust buying activity observed across the banking, financial, and IT sectors.Indices Recover: Sensex Climbs Amidsector Strength The Sensex demonstrated strong upward momentum, surging 790.54 points or 1.04 percent to conclude at 76,991.22. During intraday trading, the index briefly climbed even higher, adding 989.69 points or 1.29 percent to reach 77,190.37.Meanwhile, Nifty also advanced considerably, rising by 197.55 points, or 0.83 percent, settling...
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