Markets

Dynamic Services' Subsidiary Secures Work Order for Battery Supply from Banaras Locomotive Works The Bharat Battery Mfg Co Private Limited, a wholly owned subsidiary of Dynamic Services & Security Limited, has received a work order for supplying specialized batteries. The contract was awarded by Banaras Locomotive Works Varanasi for the provision of Low Maintenance Lead Acid Batteries designed for diesel electric loco engine starting applications (8V/500 Ah lead acid).This domestic contract involves the supply of the specific battery type to Banaras Locomotive Works Varanasi. The total value of the order is Rs. 5,47,520 (Rupees Five Lakhs Forty Seven Thousand and Five Hundred and Twenty Only).The delivery schedule for the contract...

TIL Ltd Reports Key Corporate Developments Including Acquisition of TCPL and Rights Equity Issue Update TIL Limited has provided clarity regarding two significant corporate events—the completion of a rights equity issue and the acquisition of a material subsidiary—stating that market movements in its shares are driven purely by market performance.The company disclosed that it acquired 60% paid up equity share capital of M/s. Tulip Compression Private Limited (TCPL) from Gainwell Commosales Private Limited, establishing TCPL as a material subsidiary of TIL Limited.Additionally, management confirmed the rights issue undertaken in April 2026, during which Rights Equity Shares were issued to existing equity shareholders of the company...

Viceroy Hotels Limited Board to Consider Rights Issue for Fund Raising Viceroy Hotels Limited has scheduled a meeting of its Board of Directors to discuss and approve measures related to raising funds through a rights issue. The company's board meeting is set for Monday, June 29, 2026.The primary agenda item for the directors includes considering, discussing, and approving the issuance of Equity Shares on a rights basis to existing shareholders. This action aims at securing necessary funding for the company.In addition to the fund-raising mandate, the Board is scheduled to consider any other business that may be brought before it with the permission of the Chairman.Furthermore, the company confirmed that adherence to insider...

Shree Marutinandan Tubes Ltd Wins ₹2.24 Crore Order from Value Fashion Retail Limited Shree Marutinandan Tubes Limited has secured a significant contract from Value Fashion Retail Limited, an entity of the Arvind group. The order, awarded on June 22, 2026, involves the execution of comprehensive piping work for the client’s facility.The total value of the purchase order is Rs. 2,24,43,600/-, equivalent to ₹ 2.2444 Crore, which includes GST. Value Fashion Retail Limited issued Purchase Order No. 3500580671 for the work.The project involves multiple types of piping required at the Arvind site. These include plumbing and compressed air piping work, as well as steam and condensate piping work. The order falls within the company’s...

Jainik Power Cables Forges Strategic Alliance with Tolaram Group to Target Global Markets Jainik Power Cables Limited has announced a landmark strategic alliance with the Tolaram Group, a globally renowned conglomerate from Singapore. This partnership positions Jainik for accelerated international growth by granting access to the vast operational network and market reach of the Tolaram Group.The alliance marks a significant milestone in Jainik's history, providing the company with exposure to global infrastructure, industrial, energy, and development opportunities across multiple continents. Through this powerful platform, Jainik is poised to deploy its portfolio, which includes Aluminium Conductors, LT Power Cables, Aerial Bunched...

Committed Cargo Care Limited approves revised Insider Trading Policy and appoints CFO as Compliance Officer Committed Cargo Care Limited's Board of Directors made several key decisions during its meeting held on June 23, 2026, focusing on corporate governance and insider trading protocols.The Board considered and approved the amendment and revision to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information and Code of Conduct for Prevention of Insider Trading. This revised document is designated as the Company's Insider Trading Policy.In addition to the policy changes, the Board sanctioned the designation of Mr. Anil Gupta, the Chief Financial Officer (CFO) of the company. Mr. Gupta was...

Batliboi Ltd Acquires 100% Stake in Penta Automation Systems for Strategic Expansion Batliboi Ltd has announced the approval of a proposal to acquire 100% of the paid-up equity share capital of Penta Automation Systems Private Limited. The acquisition, approved by the Company's Board of Directors on June 23, 2026, is intended to bolster Batliboi’s strategic growth in the industrial automation sector.The secondary acquisition involves purchasing shares from existing shareholders: Mr. Dharmesh Mistry, Ms. Avani Mistry, and Manders Industries B.V. (Netherlands). The takeover is structured as a mix of an upfront cash consideration and a deferred payment over five years.Upon completion of the proposed acquisition, Penta Automation...

Hexagon Nutrition Limited Board Meeting Scheduled to Approve Q1 FY2026 Financial Results Hexagon Nutrition Ltd., formerly known as Hexagon Nutrition Private Limited, has announced a meeting of its Board of Directors to consider and approve the Audited Standalone and Consolidated Financial Results for the quarter and financial year ended March 31, 2026.The Board meeting is scheduled for Tuesday, June 30, 2026. The company will review the results pertaining to both the quarter and the full financial year ending March 31, 2026.In addition to the board decision, Hexagon Nutrition Ltd. also provided an update regarding the trading window for its securities. Following a period when the trading window was closed starting June 12, 2026, the...

India Inc Thumbs Up GST: Deloitte Survey Highlights Need for AI-Driven Reforms and Faster Refunds A resounding majority of Indian businesses have reported a positive or neutral experience with the Goods and Services Tax (GST), according to a new survey by Deloitte India. The GST@9 study, released ahead of the tax framework completing nine years, found that digitisation and rate rationalization are key benefits for stakeholders. However, the survey also highlighted significant concerns regarding audit and refund delays.The research, which gathered 1,096 responses from leaders across eight diverse industries including MSMEs, revealed a near universal acceptance of GST among respondents. This confidence level was measured at a 99 per...

Umiya Mobile Cancels Management Live Interview Scheduled for Twitter Umiya Mobile Ltd has announced the cancellation of a live interview session involving its management, which was previously scheduled to take place on X (formerly Twitter). The decision comes following unavoidable circumstances that prevent the company's management from participating in the session.The interview was slated as part of an earlier announcement and was set for June 23, 2026.The cancelled event details were:DetailInformationDateJune 23, 2026Time5:00 PM (IST)PlatformX (formerly Twitter)Host Handle@DrNStocksThe management of Umiya Mobile Limited confirmed the cancellation and stated that a revised date for the live interview will be...

Wall Street Futures Plunge as KOSPI Crashes 10%; AI Sell-Off Deepens, Challenging Global Rally US stock futures witnessed a volatile start on Tuesday after a sharp sell-off in technology shares spread from Asia to America. The intense selling pressure focused on tech stocks has amplified concerns regarding the long-term sustainability of the year's massive artificial intelligence (AI) driven rally across global equities.Nasdaq 100 futures saw declines exceeding two percent, while S&P 500 futures dropped over one percent in pre-market trading. Dow Jones futures offered some resilience, falling by around 0.4 percent. This generalized weakness followed a downturn overnight when the Nasdaq Composite dropped 1.3 percent and the S&P 500...

WE Win Limited Secures Major Work Order from MPRDC for Road Safety System Enhancement We Win Limited has secured a significant work order from the Madhya Pradesh Road Development Corporation (MPRDC) to act as the Selection of Implementation Agency. The contract pertains to enhancing the capabilities of existing Accident Response Systems and Traffic Management Centres under the umbrella of the government undertaking.The engagement with MPRDC confirms WE Win Limited's role in critical infrastructure projects focused on road safety and traffic management within Madhya Pradesh.As per the details of the work order, the contract is a domestic agreement awarded by the Government of M.P Undertaking. The project specifically involves...

NIIT Launches Comprehensive AI Solutions Portfolio to Guide Enterprises in Building AIReady L&D Ecosystems Atlanta, GA, June 23, 2026 — NIIT Learning Systems Limited, a global provider of managed learning services, announced the launch of a comprehensive suite of AI solutions designed to help enterprises transition from having AI ambition to achieving operational execution within their Learning and Development (L&D) functions. The new portfolio is built on the premise that L&D needs a clear, integrated path to manage an increasingly AI-influenced working environment.The newly launched offerings provide a unified framework across four integrated solution areas, equipping learning functions to scale and operate effectively...

Quess, IGS, and IPA Forge Strategic Corridor to Unlock Indo-Japan Global Capability Center Opportunities Quess Corp, through its wholly owned subsidiary Quess International Services Private Limited, has announced a strategic collaboration with Institution for a Global Society (IGS) and Indo-Pacific Advisory (IPA). The partnership aims to establish a robust Indo-Japan Global Capability Center (GCC) corridor, designed to create opportunities for Japanese companies seeking to set up GCCs in India.The initiative focuses on supporting leading Japanese enterprises as they build, scale, and transform their operations across several high-growth sectors, including AI, engineering, cybersecurity, BFSI, and digital transformation.The...

Promoter Acquires 60,000 Equity Shares in India Lease Development Ltd. Rajiv Gupta, along with Arti Gupta, has acquired a significant stake in India Lease Development Ltd. The purchase pertains to the company's equity shares and was conducted through market purchase.The acquisition saw Rajiv Gupta’s holding increase after purchasing 60,000 Equity Shares of India Lease Development Ltd. These shares were priced at Rs. 10/- each. The transaction date for the acquisition of the shares was recorded as June 22, 2026.Prior to this purchase, Rajiv Gupta held 9,13,245 shares, representing a holding of 6.21% of the company's stock. Following the acquisition, his total shareholding increased to 9,73,245 Equity Shares, which translates to...

Century Extrusions Appoints Charan Singh as Additional Independent Director; Reconstitutes Nomination Committee Century Extrusions Ltd has announced significant updates following its recent Board Meeting, including the appointment of Shri Charan Singh as an Additional Non-Executive Independent Director. The company also confirmed the reconstitution of its Nomination and Remuneration Committee (NRC) and provided a notice for its upcoming 38th Annual General Meeting (AGM).Shri Charan Singh was appointed as an Additional Non-Executive Independent Director with effect from June 23, 2026. His appointment is for a tenure of five consecutive years and remains subject to the approval of the shareholders at the forthcoming General Meeting of...

Manappuram Finance Approves Employee Stock Option Scheme and Details Senior Management Changes Manappuram Finance Ltd., in a meeting held on June 23, 2026, approved the granting of stock options to its employees under the Manappuram Finance Limited - Employee Stock Option Scheme 2025 (ESOP 2025). The board also addressed changes concerning senior management personnel and considered matters related to enhancing borrowing limits.Details of Employee Stock Option Grant The Company granted a total of 4,28,568 options to eligible employees of Manappuram Finance Limited and its subsidiaries under the ESOP 2025. The scheme was approved based on recommendations from the Nomination, Compensation and Corporate Governance Committee.Key details...

ICICI Prudential Unleashes New BSE Insurance ETF Targeting Sector Resilience and Stable Wealth Creation ICICI Prudential Asset Management Company Limited has launched a new specialized financial product: the ICICI Prudential BSE Insurance ETF. This open-ended Exchange Traded Fund (ETF) is designed for investors focused on long-term wealth creation within the insurance sector. The fund aims to mirror the performance of the BSE Insurance Index, providing exposure to a critical segment of the Indian economy.Product Overview and Investment Objective The ICICI Prudential BSE Insurance ETF tracks the returns of the BSE Insurance TRI (Total Return Index). The scheme is categorized as an Other Schemes - ETF, targeting investors seeking...

India Infraspace Ltd Reports Financial Results for FYE March 31, 2026; Auditor Issues Qualified Opinion India Infraspace Ltd has released its audited financial results for the quarter and full financial year ended March 31, 2026. The company reported standalone financial results, noting that consolidated statements were not applicable as one of its subsidiaries, Saurya Casting Private Limited, was dissolved effective August 4, 2025.The results indicate specific outcomes across various financial metrics for the period ending March 31, 2026.Financial Performance Snapshot (As of March 31, 2026) A summary of the key financial data points from the Balance Sheet and Statement of Profit and Loss for India Infraspace Ltd is provided below...

Somany Ceramics Ltd's Credit Ratings Reaffirmed by CRISIL on Bank Facilities Somany Ceramics Limited has received a reaffirmation of its credit ratings from CRISIL Ratings Limited regarding its various bank facilities, affirming the company's financial standing. The ratings pertain to both long-term and short-term bank facilities.The reaffirmed credit ratings issued by CRISIL Ratings Limited position the company favorably concerning its debt instruments and banking relationships. These ratings were provided in a rating letter dated June 22, 2026.Facility TypeRating (Reaffirmed)Long Term Bank FacilitiesCRISIL AA-/StableShort Term Bank FacilitiesCRISIL A1+The reaffirmed ratings cover a total of Rs. 425 Crore in bank loan...