Markets

RBI Fires Liquidity Lifeline: ₹1.41 Lakh Crore Injected Via VRR to Counter Tax Outflows The Reserve Bank of India (RBI) injected a significant amount of transient liquidity into the banking system on Tuesday through a seven-day variable rate repo (VRR) auction. The central bank infused ₹1,41,171 crore into the market, conducting the operation at a cut-off and weighted average rate of 5.26 per cent.This intervention comes as the financial ecosystem faced liquidity tightness due to increased outflows within the banking sector. As of June 22, the system recorded a deficit of ₹19,971.89 crore in liquidity, compared to a surplus of ₹30,685.11 crore reported on June 21.Managing Liquidity Deficit Amid Tax Payment Pressures Experts have...

UFLEX Limits Trading Window Ahead of Un-audited Financial Results Announcement The trading window for designated persons in UFLEX Limited shares has been closed, effective from July 1, 2026. This action comes as the company prepares to announce its Un-audited Financial Results (Standalone and Consolidated) for the Quarter Ended June 30, 2026.The closure of the trading window will remain in effect until the announcement of these financial results is made by the company to the Stock Exchange(s), at which point the ban period will expire after a 48-hour period following the declaration. This procedure ensures regulatory compliance leading up to the release of the quarterly performance data for UFLEX Limited.UFLEX Stock Price Movement...

GM Breweries Ltd to Convene Board Meeting to Review Q1 Financial Results GM Breweries Ltd has scheduled a Board Meeting to discuss the unaudited financial results for the quarter ending June 30, 2026. The meeting is set to be held via audio visual means on Thursday, July 09, 2026, starting at 11:30 A.M.The company has organized this event to review and formally record the financial performance of GM Breweries Ltd for the specified quarter. This meeting provides the Board of Directors with a platform to examine the operational outcomes against the period's expectations.GMBREW Stock Price Movement As of 12:28 PM, shares of GM Breweries Limited are slipping by 0.85% in live trading, currently holding at ₹910.5 after shedding ₹7.80. The...

Marine Electricals Secures Rs 75.19 Crores in New Order Book Win through Power Distribution System Supply Marine Electricals (India) Limited has secured significant new contracts, receiving orders amounting to a total of Rs 75.19 crores excluding taxes. These deals involve the supply of Power Distribution Systems to two distinct clients.The company received an order from STT Global Data Centres India Private Limited for the delivery of a Power Distribution System. The timeline provided for this specific order ranges from 12 to 18 months.A second substantial order was secured from Princeton Digital Group (India) Management Private Limited, also for the supply of a Power Distribution System. This contract is also scheduled for...

Gokak Textiles Clarifies Share Price Movement: No Pending Price Sensitive Corporate Actions Gokak Textiles Limited has issued a clarification regarding the movement of its share price, confirming that all required disclosures have been made. The company stated that there is no pending announcement or information that could be considered price sensitive.In addressing inquiries regarding stock price movement, Gokak Textiles confirmed that it has provided complete necessary information to exchanges concerning regulatory obligations.The company further asserted that there are currently no proposals or discussions within the knowledge of the company or any matter pending before the Board of Directors that require a disclosure which might...

Metal Index Plunges as Global Commodity Prices Fall; Vedanta Shares Reel Down Amid Heavy Block Deal Selling Nifty Metal index suffered a sharp decline of 2.7% on June 23, tracking the downturn in global metal prices. The market losses were amplified by concerns regarding potential US interest rate hikes this year, dampening sentiment across key sectors. Companies like Vedanta Ltd, NALCO, and Hindustan Zinc led the steep drops as traders reacted to shifting international commodity values.Vedanta Faces Heavy Selling Pressure Amid Block Deals Vedanta Ltd experienced significant volatility, falling over 7.5% to reach a one-month low of Rs 282 by lunchtime. This decline followed exchange data indicating that approximately 7.3 crore Vedanta...

Grasim Industries acquires additional stake in Aditya Birla Capital Limited through preferential share issue Grasim Industries Ltd has increased its stake in Aditya Birla Capital Limited (ABCL) following a preferential issue of equity shares. The transaction, completed on June 23, 2026, involved the acquisition of 8,08,94,331 Equity Shares for an aggregate consideration of Rs. 28,79,99,99,722.62.The shares were acquired at a price of Rs. 356.02 per equity share, which includes a premium of Rs. 346.02 over the face value of Rs 10 each.Post-Issue Shareholding Snapshot Prior to the allotment, Grasim Industries held 1,36,98,09,351 shares, representing 52.27% of ABCL’s equity (as of May 15, 2026). Following the issuance, the total share...

AI Selloff Hits Indian Tech Stocks: Netweb, Orient Technologies Slip As Global Markets Correct Course Indian Tech Names Decline Amid Global AI Uncertainty Shares of several Indian companies connected to the artificial intelligence and data centre ecosystem traded lower on Tuesday. This decline mirrors a pervasive weakness seen across global technology stocks as investors selectively reduced exposure in AI-focused names.Netweb Technologies India fell nearly 2%, trading down to ₹5,010.80. Orient Technologies saw a 2.24% decline, settling at ₹251.50. E2E Networks slipped 1.59% to ₹440, while data centre developer Anant Raj was down 0.88% at ₹527.60.In contrast to the broader sector weakness, Black Box managed to buck the trend, rising...

Maruti Interior Products Ltd Board Meeting Set to Approve ESOP Allotment for Employees Maruti Interior Products Ltd has scheduled a meeting of its Board of Directors to consider matters related to employee stock option implementation, including the allotment of equity shares.The Board meeting is set to take place on Friday, June 26, 2026, at the company’s registered office located in Veraval, Gujarat.A key item on the agenda is the consideration and approval of the allotment of equity shares to eligible employees under the Maruti Interior Employee Stock Option Plan, 2023 (ESOP 2023), resulting from the exercise of Employee Stock Options.The meeting will also address matters incidental and ancillary to the proper implementation of...

Kitex Garments Ltd to Hold Shareholder and Creditor Meetings for Demerger Scheme Kitex Garments Limited is set to hold meetings of its Equity Shareholders and Unsecured Creditors concerning a proposed Scheme of Arrangement. The meeting details were issued following an order dated January 22, 2026, from the National Company Law Tribunal, Kochi Bench.The meetings are being held to consider and potentially approve the Scheme, which involves the demerger of Kitex Childrenswear Limited (the Demerged Company) into Kitex Garments Limited (the Resulting Company). The arrangement is conducted under Sections 230 to 232 of the Companies Act, 2013.The meetings for stakeholders are scheduled for Friday, July 24, 2026, and will be held through...

B & A Ltd Schedules Annual General Meeting for July 2026; Details on Voting and Book Closure Released B & A Ltd has set the date for its Annual General Meeting (AGM) pertaining to the financial year ended March 31, 2026. The company has provided specific details regarding the meeting location, the record date for eligible members, and the period during which the register of members will be closed.The AGM is scheduled to take place on Thursday, July 30, 2026, at 10:00 AM (IST). The meeting will be held at the Auditorium of Kaziranga Golf Club Resort, located in Sangsua Tea Estate, P.O. Gatoonga, District Jorhat-785616, Assam.Key operational timelines for shareholders eligible to attend or vote have also been fixed by B & A Ltd. The...

JSW Infrastructure Stock Surges After Kicking Off Rs 7,500-Crore QIP; Price Discount Fuels Investor Interest JSW Launches Massive Rs 7,503-Crore Fundraising Blitz JSW Infrastructure shares rose by over 2 percent in the morning trade on June 23. The stock traded at ₹313.35 in late morning deals, reflecting a 2.05 percent gain from the previous close. This rally followed the company's launch of an indicative qualified institutional placement (QIP) totaling up to Rs 7,502.7 crore.This QIP stands as one of the largest equity fundraises seen in the infrastructure sector recently. The offering includes a fresh issue of Rs 6,555 crore and an offer-for-sale (OFS) component worth Rs 947.7 crore by the Sajjan Jindal Family Trust. The company...

Quadrant Televentures' Committee of Creditors Approves Key Resolutions During Eleventh Meeting Quadrant Televentures Limited, which is undergoing a Corporate Insolvency Resolution Process (CIRP), saw key resolutions approved by its Committee of Creditors (CoC) during the Eleventh meeting. The e-voting for this meeting concluded in accordance with established procedures, resulting in significant approvals across several crucial matters related to the company's resolution process.The resolutions put before the CoC were voted upon, and all listed items achieved approval against their required voting percentages.Key decisions made by the Committee of Creditors include:Voting Item No.Voting ItemVoting% RequiredVoting%...

Indegene Accelerates Pharma Dominance with Acquisitions and AI Push as Commercial Landscape Transforms Indegene, the Bengaluru-based life sciences adtech giant, is strategically doubling down on mergers and artificial intelligence (AI) to secure a larger share of pharmaceutical marketing spending in the US market. This aggressive pivot comes as drugmakers are forced to overhaul traditional commercialisation methods due to significant shifts in prescriber engagement.CFO Suhas Prabhu stated that "Commercialisation is becoming far more scientific and digital." The company is leveraging this industry tectonic shift to move away from fragmented, brand-by-brand marketing toward centralized, data-driven engagement models.The Fundamental...

Kospi Plunges Over 9% as AI Mania Unravels: Semiconductor Giants Drag Down Overheated South Korean Market The benchmark Kospi index experienced a sharp downturn on June 23, plunging over 8%, triggering a market-wide circuit breaker. This dramatic sell-off underscored growing concerns that the country's record-setting equity rally had become excessively overheated and vulnerable. The rout was led by semiconductor heavyweights Samsung Electronics and SK Hynix, both of which saw significant losses, erasing billions in market value.The Korea Exchange temporarily suspended trading for 20 minutes after the Kospi fell 8%. However, the decline intensified once trading resumed, with the benchmark extending its loss to as much as 9.1%. This...

Mangal Credit and Fincorp Allots INR 20 Crore Worth of Secured Non-Convertible Debentures Mangal Credit and Fincorp Ltd has approved the allotment of senior secured non-convertible debentures (NCDs) through a private placement. The NCD tranche, totaling INR 20,00,00,000, was finalized by the company’s Loans and Advance Committee on June 23, 2026.The allotment includes 2,000 fully paid debentures. Each NCD has a face value of INR 1,00,000 (Indian Rupees One Lakh Only). These debentures were issued at a discount of INR 2,000 each, aggregating to the total issue size of twenty crore rupees.The issuance is structured as a secured, listed, rated, and taxable NCD tranche. The instrument carries an interest rate of 11.75% per annum...

Sensex Plummets as Asian Market Sell-Off Sinks Key Indices; FII Selling Sparks Volatility The Indian stock markets experienced a significant decline on Tuesday, with the benchmark indices struggling amid subdued trading activity. The Sensex saw a drop of 500 points from its day's high, while Nifty traded below the 24,000 mark. This broad market sell-off was attributed primarily to weak trends observed across key Asian markets globally.Global Market Sentiment Driven by Asia’s Turmoil Investor sentiment globally remained fragile as multiple major Asian exchanges saw softening trends. South Korea's stock exchange experienced a severe downturn when the KOSPI plunged 8%. This drop was so steep that it triggered a circuit breaker, halting...

Milton Industries Approves FY2026 Financial Results and Re-appoints Vijay Pal Jain as Managing Director Milton Industries Limited has announced the outcomes of its Board of Directors meeting held on May 28, 2026. The board approved the Audited Standalone Financial Statements for the financial year ended March 31, 2026, and adopted the Auditor's Report, which provided an unmodified opinion on both the half-year results and the full fiscal year results.A significant governance decision was the unanimous approval of the re-appointment of Mr. Vijay Pal Jain as Managing Director for a period of three consecutive years, effective from July 14, 2026, to July 13, 2029. The appointment followed the recommendation of the Nomination and...

CSM Technologies IPO: Anand Rathi Recommends Subscription as GovTech Giant Leverages 27 Years of Digital Transformation Expertise CSM Technologies Limited is emerging as a significant player in the digital transformation landscape through its upcoming Initial Public Offering (IPO). Providing specialized technology-enabled solutions to government departments and public sector undertakings, the company boasts an extensive history in e-governance and system integration. Anand Rathi’s advisory positions CSM Technologies as a fundamentally sound investment, recommending subscribers look for long-term capital appreciation.Deep Dive into CSM Technologies' Business Profile Established in 1998 and based in Bhubaneswar, Odisha, CSM Technologies...

Investment Funds Reduce Stake in Yash Highvoltage Ltd Through Open Market Sale Entities operating under common management have sold a portion of their equity holdings in Yash Highvoltage Limited (Yash), reducing their stake after trading shares through the open market.The sale was conducted by Negen Undiscovered Value Fund (NUVF), YR Investment Opportunities Fund (YRIOF), and Neil Madan Bahal, all of whom are connected under common management through Negen Capital Services Private Limited.Prior to the transaction, these entities held a combined total of 16,35,690 fully paid-up equity shares in Yash Highvoltage Limited, representing 5.73% of the company's total voting equity capital.The acquisition/sale occurred between August 18...