Markets

Imagicaaworld Recommences Operations of Water Park Following Deliberation on Resource Availability Imagicaaworld Entertainment Ltd has announced the resumption of its Imagicaa Water Park located in Khopoli, following assessments regarding local rainfall and current resource availability. The company stated that operations will recommence with effect from Friday, June 26, 2026.The water park is situated at 30/31 Sangdewadi, Khopoli - Pali Road, Taluka Khalapur, District Raigad in Maharashtra. Management affirmed the ongoing commitment to water conservation as they resume service.In terms of operational status and loss assessment related to past disruptions, Imagicaaworld provided updates on the event’s impact. The company estimated...

Jattashankar Industries Allots 30 Lakh Convertible Warrants at Rs 92 Per Unit Jattashankar Industries Ltd has announced the allotment of 30,00,000 Convertible Warrants following a board meeting held on June 23, 2026. These warrants entitle the holders to convert each unit into an equity share of the company with a face value of Rs. 10/- (Rupees Ten Only), fully paid-up.The allotment was made on a preferential basis to entities falling under the 'Promoter and Promoter Group' and 'Non-Promoter Category'. The warrants were issued at an issue price of Rs. 92/-, which includes a premium of Rs. 82/- per warrant, for cash consideration.Under the terms of the allotment, each warranted unit is convertible into one fully paid-up Equity share...

Honasa Consumer Acquires Fluence Pharma Stake, Unveiling Major Push into Nutraceuticals and Holistic Wellness Honasa Consumer, the parent company of Mamaearth, has made a significant strategic pivot in the beauty industry. The conglomerate announced the acquisition of a 58 percent stake in nutraceuticals firm Fluence Pharma. This move formally marks Honasa’s entry into the rapidly expanding nutraceuticals segment, focusing on the "beauty-from-within" market.The company is set to establish a dedicated subsidiary called Honasa Health Private Limited from this transaction. Through this new entity, Honasa plans to build a consumer-focused nutraceuticals business. This initiative will combine Fluence Pharma’s patented clinical formulations...

Sensex Plunges Amid Technology Rout as FIIs Finally Turn Net Buyers in Indian Equities Indian stock markets registered a sharp correction on Tuesday, tracking global peers amidst ongoing technology sector rout and broad-based selling pressure. The BSE Sensex plunged 893 points or 1.16 percent to close at 76,201, while the Nifty index fell by 279 points or 1.16 percent, settling at 23,824.The market downturn was accompanied by weakening sentiment across major sectors, though pharmaceutical and healthcare indices managed to cushion the decline. The selling pressure extended into the broader markets, with the Nifty Midcap index falling 1.05 percent and the Nifty Smallcap index declining 0.5 percent.Institutional Flows: DIIs Surge as...

Swiggy and Zerodha Forge Landmark Partnership to Fuel Financial Independence for Delivery Partners On-demand convenience platform Swiggy Ltd has announced a strategic partnership with Zerodha Fund House. This collaboration aims to empower delivery partners by making mutual fund investments accessible directly through its rider application. The initiative represents a significant step toward democratizing financial tools for the gig economy workforce.Empowering Gig Workers Through Accessible Investing Starting from a minimum investment of ₹100, delivery partners can now invest a portion of their earnings into various schemes offered by Zerodha Fund House. This functionality is integrated directly into the rider app ecosystem.The...

Ratnamani Metals Subscribes to Shares in KSA Subsidiary, Investing SAR 15,00,000 Ratnamani Metals & Tubes Limited has completed the subscription of shares in RATNAMANI MIDDLE EAST COMPANY, LLC, a subsidiary incorporated in Dammam, Kingdom of Saudi Arabia (KSA). The company subscribed to 75 Equity Shares for SAR 20,000 each, representing 75% of the paid up capital.The payment totaling SAR 15,00,000 was made by Ratnamani Metals & Tubes Limited to RATNAMANI MIDDLE EAST COMPANY, LLC in relation to this share subscription on June 23, 2026.This transaction is part of a Joint Venture cum Shareholders Agreement (JVA/SA) established between Ratnamani Metals & Tubes Limited and Saudi Electric Supply Company Limited (SESCO). The partnership...

US Tech Rout Intensifies: Nasdaq Plunges Over 3% as 'AI Exuberance' Fear Triggers Global Risk-Off Wave Sharp sell-off swept through major U.S. stock markets on Tuesday, driven by an intensified technology rout that dragged down key indices and immediately sparked a broader risk-off sentiment worldwide. The highly tech-centric Nasdaq 100 saw a massive decline, plummeting 3%.The S&P 500 registered a substantial decline of 1.5%, while the Dow Jones Industrial Average slipped by 0.6%. This downturn followed significant weakness seen in technology stocks during the previous trading session, with selling pressure accelerating significantly overnight across U.S. markets.Semiconductors and Memory Chip Stocks Under Severe Strain The tech...

SEBI Mandates Unified Advertising Code: Intermediaries Face Post-Approval Reporting and Strict Limits on Celebrity Endorsements Securities market regulator SEBI has introduced a groundbreaking proposal for the securities industry, aiming to consolidate disparate advertising rules into a single Common Advertisement Code (CAC). This move replaces multiple entity-specific norms with a harmonized framework designed to ensure that all promotional activities are fair, transparent, and not misleading across the entire regulated landscape.The proposed code targets nearly every investor-facing regulated entity. These include stock brokers, mutual funds, asset management companies, portfolio managers, investment advisers, and research analysts...

MAS Financial Services Limited to Partially Redeem 33% of OCPS in Subsidiary MRHMFL MAS Financial Services Limited (MFSL) has announced the partial redemption of Optionally Convertible Preference Shares (OCPS) held by the company in its subsidiary, MAS Rural Housing and Mortgage Finance Limited (MRHMFL). The move is part of the terms of investment made by MFSL concerning the Series II 6% Non-Cumulative Optionally Convertible Preference Shares.According to the details released, MRHMFL has decided to partially redeem 3,33,330 OCPS. This redeemed amount constitutes 33% of the total OCPS issued in the subsidiary company.The payment for this redemption is set at Rs. 3,33,33,333/- (Rupees Three Crore Thirty-Three Lakh ThirtyThree Thousand...

Govt Launches Mega Disinvestment Drive as Centre Puts Up To 2% IRFC Stake for Sale Details of the Indian Railway Finance Corporation Offer The Department of Investment and Public Asset Management (DIPAM) has announced plans to sell up to a two percent stake in the Indian Railway Finance Corporation (IRFC). This transaction marks another critical step in the government's ongoing disinvestment initiative. The Offer for Sale (OFS) is structured as an opportunity for institutional investors to acquire equity in the key PSU enterprise.DIPAM stated that the sale will initially involve a one percent stake in IRFC. Furthermore, there is an additional one percent share available through a greenshoe mechanism, should investor demand be strong...

RBI Unlocks FCNR-B Deposit Power: Banks Now Allowed Loan Extensions, Signaling Potential Rupee Rally Foreign Currency Deposits Get Major Boost After RBI Clarifies Lending Rules The Reserve Bank of India (RBI) has significantly clarified queries raised by banks regarding Foreign Currency Non-Resident Bank (FCNR-B) deposits. The central bank's clarifications empower Indian banks to utilize these deposits more effectively, potentially setting the stage for a near-term rally in the rupee.The RBI document released confirms that all Indian banks, including their overseas branches, are authorized to undertake enhanced activities against FCNR-B deposits mobilised by clients. This includes issuing standby letters of credit (SBLC) to overseas...

Patel Integrated Logistics Announces Record Date for Equity Share Buyback Proposal Patel Integrated Logistics Limited has announced the record date for its planned buyback of equity shares, following the Board of Directors' approval of the proposal. The company set Tuesday, June 30, 2026, as the official record date to determine eligibility for shareholders participating in the tender offer process.The buyback initiative targets a maximum of 60 lakh fully paid-up equity shares of the Company. These shares are those with a face value of ₹10/- per share. The company is executing the repurchase through the tender offer route, offering each share at a fixed price of ₹18/- (Rupees Eighteen only), payable in cash.The maximum aggregate...

Gold and Silver Plunge as Strong Dollar and Interest Rate Fears Weigh Heavily on Precious Metals The precious metal market witnessed a significant downturn on Tuesday, with gold prices softening domestically amid concerns over global interest rate hikes. Gold bullion declined by ₹ 3,000, reaching ₹ 1,49,300 per 10 grams in the all India Sarafa Association markets. Concurrently, silver saw a sharp decline, tumbling by ₹ 10,500 to reach its lowest level in over two months in the national capital.Domestic Market Trends for Gold and Silver The yellow metal, priced at ₹ 1,49,300 per 10 grams, registered a 2 percent dip, noting the price decline compared to March 27 when it was quoted at ₹ 1,47,800 per 10 grams. Silver bore the brunt of the...

Patel Integrated Logistics Limited Approves Buyback of Equity Shares at ₹18 Per Share Patel Integrated Logistics Limited announced that its Board of Directors has approved a buyback proposal for up to 60 lakh equity shares, setting key parameters and timelines for the transaction.The company’s board meeting, held on Tuesday, June 23, 2026, reviewed and endorsed the proposal concerning the acquisition of fully paid-up equity shares from all shareholders through a tender offer route. The buyback offers Equity Shares at a price of ₹18/- per share.Details regarding the buyback include:Number of Securities Proposed: Up to 60,00,000 (Sixty Lakhs) fully paid-up equity shares. Face Value: The Equity Shares have a face value of ₹10/-...

Transteel Seating Technologies Converts Warrants into Equity Shares, Raising Rs 1.15 Crore Bengaluru based Transteel Seating Technologies Limited announced the conversion of warrants into equity shares in a preferential allotment transaction on June 23, 2026. The move saw the issuance of 1,92,000 equity shares upon payment by allottees from the Non-Promoters/Public Category.The company allotted these new equity shares at an issue price of Rs 80/- each. These shares have a face value of Rs 10/- per share, carrying a premium of Rs 70/- per share. The allotment was made following the exercise of rights by existing warrant holders.A total amount aggregating to Rs 1,15,20,000/- was received for this conversion. This payment corresponds...

Rashi Peripherals Acquires Strategic Stake in VDA Infosolutions to Expand into Enterprise Technology Services Rashi Peripherals Limited (RP Tech), a leading national distributor of Information and Communication Technology (ICT) products in India, has entered a strategic partnership with VDA Infosolutions. This transaction aims to transform RP Tech into a fully integrated technology solutions and services enterprise by acquiring a significant stake in the enterprise technology and digital infrastructure firm.The acquisition involves an upfront cash consideration of INR 3.68 Billion for a 67% stake in VDA Infosolutions. The remaining 33% of the equity will be acquired over three years through a predefined mechanism, setting the total...

Sarjapur Entity Allots CCPS Through Private Placement to Raise Capital Aster DM Super-Specialty Hospital (Sarjapur) Private Limited, known as Sarjapur Entity, has allotted Compulsoribly Convertible Preference Shares (CCPS) through a private placement aimed at raising additional capital. The allotment was conducted by the Board of Directors during a meeting held on June 23, 2026.The company issued two series of CCPS to identified investors. Sarjapur Entity allotted 12,00,000 fully paid-up Series A CCPS, with a face value of Rs. 50/- each. Additionally, 34,30,000 partly paid-up Series B CCPS were issued, carrying a face value of Rs. 50/- and a paid up amount of INR 5/-.Both the Series A and Series B CCPS currently carry a conversion...

Manali Petrochemicals Limited Secures Interim Stay on Court Order Following Writ Appeal Hearing Manali Petrochemicals Limited has received a significant development regarding ongoing litigation, with the Division Bench of the Madras High Court granting an interim stay on a previous order.The company had filed a Writ Appeal (WA No. 1538 of 2026) before the Madras High Court against an earlier order dated March 25, 2016, which was passed in W.P. No. 5850 of 2016.Manali Petrochemicals Limited confirmed receiving a court order on June 15, 2026. The Division Bench granted an interim stay on the said order, contingent upon compliance with specific conditions directed by the Court. The matter has subsequently been posted for further...

NSB BPO Solutions' Shareholding in On Door Concepts Reduces Following Preferential Allotment NSB BPO Solutions Limited reported a reduction in its equity stake in On Door Concepts Limited after the latter conducted a preferential allotment of shares to non-promoters. The dilution results in NSB BPO Solutions’ shareholding decreasing from 30.51% to 24.62%.The change occurred subsequent to the preferential allotment, approved by the Board of Directors of On Door Concepts Limited on June 18, 2026. This event saw the issuance of 13,51,900 Equity Shares to non-promoters by the target company.Prior to the new allotment, NSB BPO Solutions Limited held 30.51% of the total issued and paid-up equity share capital of On Door Concepts Limited...

The India Cements Limited announces conclusion of V. Manickam's term as Independent Director The India Cements Limited has announced that the tenure of Mr. V. Manickam, serving as an Independent Director of the company, concludes effective June 23, 2026.The company extended its sincere appreciation and gratitude to Mr. V. Manickam for his invaluable contributions during his period on the Board.Details regarding this change in the directorate are provided below:ParticularsDetailsDirector's NameMr. V. ManickamDesignationIndependent DirectorDate of CessationJune 23, 2026Reason for ChangeConclusion of term as independent directorINDIACEM Stock Price Movement The India Cements Limited shares closed today, edging up...