Markets

Forest Clearance Granted for Hindustan Copper Ltd's Chandmari Mine in Rajasthan Hindustan Copper Ltd has secured crucial environmental approval after the Forest Department, Government of Rajasthan granted Forest Clearance Co-terminus status for its operations at the Chandmari copper mine.The clearance was officially provided by the Forest Department, Government of Rajasthan, through a letter dated June 19, 2026. This vital regulatory approval pertains to Hindustan Copper Ltd’s lease period concerning the mining activities at the Chandmari copper mine located in District Jhunjhunu, Rajasthan.This granting of Forest Clearance Co-terminus confirms the ability for Hindustan Copper Ltd to proceed with its scheduled mining operations at...

E & E Enterprises Ltd acquires 6.25% of Target Company shares in open market transaction E & E Enterprises Ltd has acquired 15,000 shares carrying voting rights of the target company through an open market acquisition. The purchase represents a 6.25% stake in the target company's total diluted share or voting capital.The acquisition was completed on June 17, 2026. Prior to this transaction, E & E Enterprises Ltd and Persons Acting in Concert had no holding in the shares of the target company. The acquisition constitutes a part of the entity's investment activity with the target company.Key details regarding the share acquisition are summarized below:MetricBefore AcquisitionAfter AcquisitionShares Carrying Voting Rights (E & E...

Star Cement Limited Declared Preferred Bidder for Major Limestone Mining Lease in Assam Star Cement Limited has been designated as the 'Preferred Bidder' by the Government of Assam following e-auctions for a significant mining lease opportunity. The company secured the designation for the Boro Lakhindong (West Block) area, which is located in the Dima Hasao district of Assam.The preferred bidder status pertains to the mining lease for Boro Lakhindong, situated in the Village of Boro Lakhindong and Tehsil Umrangso within the Dima Hasao district. This block represents a valuable resource opportunity for Star Cement Limited.The site encompasses an area of 123 hectares. Furthermore, the lease holds an estimated limestone resource of...

Aeroflex Enterprises Ltd States Share Price Movement Is Purely Market Driven Aeroflex Enterprises Ltd has addressed concerns regarding the movement in its share price, stating that the volatility is purely market driven and attributable to prevailing market conditions. The company asserted that the management holds no connection to the observed price trends.The clarification emphasized the company's dedication to maintaining the highest standards of transparency and timely disclosure in the market. Aeroflex reiterated its commitment to continuously adhering to its disclosure obligations, promising to disseminate any material and price-sensitive information to Stock Exchanges as required.The firm affirmed that it has consistently...

Income Surge as Quant Launches Money Market Fund, Offering Defensive Debt Haven quant Mutual Fund has launched the quant Money Market Fund, a new open-ended debt scheme designed to cater to investors seeking stable income and capital preservation within the short-term debt space. Positioned as a relatively low-interest rate risk product with moderate credit risk (B-I), the fund aims to generate returns by investing in high-quality money market instruments.The launch underscores the growing investor appetite for defensive fixed-income products, providing a robust and well-managed option within the fast-paced financial markets. The scheme is overseen by experienced professionals from quant Mutual Fund, ensuring that investments are made...

Zerodha Launches Life Cycle Fund 2031: Disciplined Glide Path Aims to Transform Aggressive Equity Exposure into Capital Protection The launch of the Zerodha Life Cycle Fund 2031 marks a strategic entry into goal-based investing, offering investors a structured solution designed for a specific target maturity. This open-ended fund is engineered with a pre-defined glide path, systematically transitioning its portfolio from an aggressive, equity-heavy stance to a conservative, debt-focused allocation as the desired date approaches. The product aims to align investment strategy directly with financial objectives by embedding risk reduction into its core design.The fund offers investors who seek capital appreciation tied to their 2031...

Star Cement Limited Declared Preferred Bidder for Assam Mining Lease Star Cement Limited has been designated as the 'Preferred Bidder' for the highly valuable Mining Lease of Boro Lakhindong (West Block) in the state of Assam. The status was determined following e-auctions conducted by the Government of Assam.The mining lease pertains to an area located in Village: Boro Lakhindong, Tehsil: Umrangso, within the Dima Hasao district, formerly known as North Cachar Hills.The declared resource holds significant industrial potential, with the block estimated to contain a limestone resource amounting to 207.822 million tonnes. The area covered by this lease is set at 123 hectares.Stock Price Movement As of 11:16, Incon Engineers Ltd...

IndusInd Bank Grants 18,500 Stock Options Under ESOP Scheme to Employees The Compensation and Nomination & Remuneration Committee of IndusInd Bank Ltd approved the grant of stock options under the Employee Stock Option Scheme (ESOP) to select employees. The decision was made on June 24, 2026.In line with the bank's incentive program, the committee approved the allotment of 18,500 stock options to five eligible employees. These options are convertible into 18,500 equity shares of the Bank upon being exercised by the recipients.The grant details set forth specific terms regarding pricing, vesting, and exercise periods for the employees involved.Key terms of the ESOP grant include:Grant Price: The stock options were granted at a...

quant Mutual Fund Launches Silver ETF: Track Global Trends and Physical Commodity Price quant Money Managers Limited has launched a new specialized product, the quant Silver ETF, making it available through the stock exchanges for investors seeking exposure to the price of physical silver. This Exchange Traded Fund (ETF) is designed to closely track the domestic market performance of silver. The launch positions quant Mutual Fund to meet growing investor demand in commodity-linked investment vehicles.The ETF aims to generate returns that are directly aligned with the performance of physical silver, subject to a defined tracking error. The fund operates as an open-ended scheme and is managed passively, focusing entirely on its primary...

Adani Enterprises Stock Surges as Morgan Stanley Issues 'Overweight' Rating; Rs 2 Trillion Power Capex Plan Unveiled Shares of Adani Enterprises Ltd witnessed a strong rally on June 24, rising up to 2.4 percent in intraday trade. The stock was trading at ₹3,012 by late morning, fueled by Morgan Stanley initiating coverage with an "Overweight" rating on the infrastructure giant. The brokerage highlighted the robust growth prospects inherent across the group's diverse incubation businesses.Morgan Stanley assigned a price target of ₹3,638 per share to Adani Enterprises. This target suggests an immediate upside potential of nearly 21 percent from current trading levels. Over the past year, the company has significantly outperformed the...

RBI Launches Mega Underwriting Auction: Primary Dealers Target ₹28,000 Crore in Government Securities Sale on June 25 The Reserve Bank of India (RBI) has announced a major underwriting auction for the sale of Government Securities (GS). The auction is scheduled for Thursday, June 25, 2026. This significant event provides Primary Dealers (PDs) an opportunity to participate in the re-issue of high-rated government instruments.The total value of the securities available through this underwriting auction stands at ₹28,000 crore. The sale is conducted under the extant scheme of underwriting commitment, which was first notified on November 14, 2007.Detailed Breakdown of Government Securities Offerings Two specific tranches of government...

Adani Group Surges on Infrastructure Bets, Vowing to Fuel India's Global Sovereignty and Defining Growth Century Gautam Adani, Chairman of the Adani Group, asserted that infrastructure development and strategic intelligence are the two critical engines destined to define India's global strength and accelerate its ascent as a leading power in the coming decades. Addressing the 34th Annual General Meeting for the group, Adani emphasized that these dual priorities must be treated as inseparable necessities.He underscored the crucial role of infrastructure, noting it provides the fundamental national muscle required for progress. Simultaneously, intelligence supplies the strategic mastery needed to navigate a complex global landscape...

Goyal Associates Ltd Clarifies Stock Price Movement Citing Market Forces Goyal Associates Limited addressed concerns regarding significant movements in the price of its equity shares, clarifying that the stock's volatility is purely market driven and not linked to any pending material corporate events.The Company stated that there is no unreleased material information or announcement that could influence the price or volume behavior of its securities. The clarification sought by surveillance departments addresses the recent market movements related to the company’s stock.Goyal Associates confirmed that the movement in its shares is entirely dictated by market forces. The management expressed that they are unaware of any specific...

Radhadevi Premnarayan Maheshwari Disposes of 3.34% Stake in Disha Resources Limited through Share Gift A disposal of equity shares totaling 2,44,448 representing 3.34% of the paid up share capital of Disha Resources Limited has been reported by Radhadevi Premnarayan Maheshwari. The transaction was executed via an offmarket inter-se transfer through a gift.The shares were disposed of on March 19, 2026. Radhadevi Premnarayan Maheshwari is identified as the immediate relative of a promoter of Disha Resources Limited (the Target Company).Before completing the disposal, Radhadevi held 2,44,448 equity shares, which constituted 3.34% of the total voting capital of Disha Resources Limited. The transaction details indicate that the...

S&P Global Ratings Assigns BB- and BBB Ratings to Axis Bank's Global Medium Term Notes S&P Global Ratings has assigned credit ratings to specific debt issuances by Axis Bank Ltd.'s GIFT City Branch, conducted under the bank's Global Medium Term Note (GMTN) programme. The ratings cover both Additional Tier 1 (AT1) Notes and Senior Notes.The rating actions relate to two separate tranches of notes issued by Axis Bank Ltd. through its GIFT City Branch. S&P Global Ratings assigned a BB- rating to the AT1 Notes while assigning BBB status to the corresponding Senior Notes.Details regarding the rated instruments are summarized below:IssuerNote TypeNote ProgrammeRatingAmountInterest RateAxis Bank Ltd. (GIFT City Branch)Additional Tier...

DP Wires Jumps as Shares Rise Amid Amitabh Bachchan's Rs 1.64 Crore Stake Sale DP Wires shares registered a significant gain, rising up to 8 percent in intraday trading on Wednesday amid high volume, following the announcement that actor Amitabh Bachchan sold a portion of his stake in the steel wires and plastic pipes manufacturer. The stock continues its upward momentum, having gained for the last three consecutive trading sessions.Performance Surge Continues for DP Wires Stock The shares of DP Wires have shown consistent strength over recent sessions. Investors note that the company's stock has advanced by a strong 21 per cent throughout this period of sustained gains. The movement highlights renewed investor confidence in the...

Diamond Power Soars as Adani Group Unveils Massive Rs 2 Lakh Crore Capex Push in India's Power Sector Shares of Diamond Power Infrastructure Ltd (DPIL) saw a notable rise, gaining 2% on June 24. The rally follows the announcement by Adani Group chairman Gautam Adani regarding a substantial new capex programme in the power sector. DPIL stock traded at ₹ 205.98 apiece, responding to the news of increased demand from the conglomerate.Adani Power Pledges India's Largest Private Sector Capex ProgrammeGautam Adani confirmed that Adani Power is implementing "India’s largest ever private sector power capex programme," which totals over Rs 2 lakh crore. The company has set an ambitious target to reach a capacity of 45 GW within the next five...

Tech Mahindra CEO Salary Jumps 11% to ₹67.5 Crore as Company Navigates AI-Driven Workforce Shift Tech Mahindra Chief Executive Officer and Managing Director Mohit Joshi’s compensation saw a significant rise in the financial year 2025-26. According to the company's annual report, his total remuneration surged by 11.76 percent, reaching ₹67.55 crore (or £5.4 million). This increase marks a considerable progression from his FY26 salary of ₹52.1 crore last year.Breakdown of Mohit Joshi’s FY26 Remuneration Joshi's total remuneration package for the financial year 2025-26 is comprised of several components, including actual paid salary, performance incentives, and stock benefits. His annual pay included ₹17 crore in actual salary...

Promoter Acquires 3.34% Stake in Disha Resources Ltd Through Gift Transaction Disha Resources Limited has seen an increase in its promoter holding following the acquisition of shares by Mayadevi Krishnavtar Kabra, who is a promoter of the company. The transaction was executed through a gift from Ms. Radhadevi Premnarayan Maheshwari, an immediate relative, and was completed on June 19, 2026.The purchase involved the transfer of 2,44,448 equity shares, representing 3.34% of the paid-up share capital of Disha Resources Limited. This transaction occurred via an off-market inter se transfer.Before this acquisition, Mayadevi Krishnavtar Kabra held 6,78,000 shares, which constituted 9.27% of the company's total voting capital. Following...

Srividya Venkataraman Appointed Director - Finance at Hindustan Petroleum Corporation Limited Smt. Srividya Venkataraman has been appointed as the Director - Finance of Hindustan Petroleum Corporation Limited (HPCL). The appointment, which is effective immediately, comes following confirmation by the Ministry of Petroleum & Natural Gas and signifies a change in the company's board structure.Effective from June 24, 2026, Smt. Venkataraman has assumed the charge as Director - Finance at HPCL. Her tenure for this position is set for five years from her assumption date, or until her superannuation, or until further orders are issued, whichever occurs earliest.The appointment of Smt. Venkataraman concludes the additional charge of...