Markets

India Pushes for Tariff Relief in US Trade Deal Talks; Goyal Targets First Tranche Signing by July 24 Momentum Builds in Indo-US Bilateral Trade Negotiations The dialogue surrounding the proposed trade agreement between India and the United States is gaining significant momentum. The US Ambassador to India, Sergio Gor, confirmed that discussions are actively ongoing, meeting with Commerce and Industry Minister Piyush Goyal and US Trade Representative Jamieson Greer. This meeting underscores both nations' commitment to strengthening their economic ties through a comprehensive pact.Minister Goyal expressed his strong hope that the initial tranche of the India-US trade agreement can be signed before July 24. The focus remains on...

Associated Persons Dispose Shares in Credent Global Finance Limited Associated persons have disposed of equity shares in M/s Credent Global Finance Limited through open market sales between June 19 and June 22, 2026. The disposal involved Mohit K Chheda, Dilip Nanji Chheda, and Laxmi Trading & investment partnership firm.The transaction details pertain to the divestment of shares by these parties, who are noted as not belonging to a promoter group. M/s Credent Global Finance Limited is listed on BSE Limited.A total of 19,10,000 shares carrying voting rights were disposed in the open market during the period spanning June 19, 2026, to June 22, 2026.The holdings and changes in share capital are detailed below:MetricBefore...

Gold Prices Plunge as Strong Dollar, Higher Yields Challenge Safe Haven Status The appeal of gold remains sharply tested in a challenging market environment dominated by macroeconomic pressures. Rising Treasury yields and a strengthening US dollar are increasingly dampening appetite for precious metals.The London Bullion Market Association (LBMA) Gold Price PM saw a significant decline last week. It fell 0.8 per cent, ending at approximately $4,151 per ounce. This retreat marks nearly five per cent lower so far this year, reversing an earlier rally fueled by geopolitical instability and central bank purchases.Macro Headwinds Push Down Gold Prices The World Gold Council (WGC) reports that the market has pivoted away from a low-rate...

NCLT Indore Bench Approves Modification to CMM Infraprojects' Resolution Plan Implementation, Extends Timeline The National Company Law Tribunal (NCLT) Indore Bench has permitted a modification to the implementation mechanism of the Approved Resolution Plan for CMM Infraprojects Limited. The Tribunal allowed the company to apply its approved conversion ratio to the actual secondary market public shareholding, resulting in revised post-implementation percentages while maintaining all commercial and financial commitments of the original plan.The decision was made by the NCLT Indore Bench following an application seeking directions related to the implementation of the Resolution Plan, which was initially approved on November 11, 2024...

Metro Brands Ltd Appoints Manoj Juneja as Chief Business Officer - Sports Division Metro Brands Ltd has announced the appointment of Mr. Manoj Juneja as Chief Business Officer - Sports Division and Senior Management Personnel, effective June 23, 2026.Mr. Manoj Juneja holds an extensive background spanning over 27 years across various consumer sectors, including retail, fashion, footwear, and general consumer goods. He possesses expertise in strategy, business transformation, omni-channel development, and P&L management.The appointment sees Mr. Juneja join the company to drive operations within the sports division. His career history includes significant roles at several major brands. Prior to joining Metro Brands Ltd., Mr. Juneja...

KOSPI Plunges 8%, Triggers Circuit Breaker as Korean Tech Stocks Face Major Selloff South Korea's stock market experienced extreme volatility on June 23, resulting in a sharp downturn for key indices and initiating emergency trading halts across the exchange. The rapid decline forced the stock exchange to activate its circuit breaker mechanism after the KOSPI plummeted by a significant margin of 8%.The sudden and severe drop led to an immediate halt in trading activity for a duration of 20 minutes, providing investors and market participants with a period of mandated pause amidst the intense sell-off. This event underscores the high level of systemic risk present within the nation's concentrated technology sector.Key Stocks Suffer...

Meesho Stock Jumps as Citi Initiates Buy Rating, Citing Value-Commerce Opportunity Meesho Ltd shares gained 2.5 percent in Tuesday's morning trade after brokerage firm Citi initiated coverage on the stock with a 'Buy' rating. Citi set a target price of Rs 210 per share, suggesting an approximate upside of 22 percent from the previous closing price. The company's stock traded at around Rs 176.5, continuing its sustained gains since its listing.The positive coverage comes as Meesho continues to expand its strategic initiatives. Just days prior, the company announced the acquisition of Kirana Club and Retail Pulse Labs for a combined cost of Rs 202.08 crore. This move aims to bolster Meesho's presence within India's rapidly evolving...

SIF Assets Surge Nearly 7x as Hybrid Long-Short Category Dominates Market Expansion The Specialized Investment Fund (SIF) segment has witnessed explosive growth since its debut in October 2025. Assets under management (AUM) for SIF have soared by nearly sevenfold, reaching close to Rs 14,000 crore from an initial base of Rs 2,010 crore. This rapid expansion signals the maturing potential of this sophisticated investment category within the Indian mutual fund landscape.Hybrid Long-Short Funds Lead Industry Trajectory The growth narrative is being largely driven by specialized strategies, with Hybrid Long-Short funds emerging as the dominant force. These funds account for approximately 70% of the total SIF assets, managing Rs 9,709...

Advit Jewels IPO Surge on Day One: NII Quota Books Near 5X, Grey Market Signals Massive Listing Gains The Initial Public Offering (IPO) of Advit Jewels, valued at Rs 165.16 crore, generated immediate and robust demand upon its launch on June 23, 2026. The IPO saw a significant oversubscription within hours of opening for business.According to BSE data, the overall subscription stood at 2.58 times, reflecting strong investor interest across different segments. This appeal was particularly pronounced among non-institutional investors (NIIs).Subscriber Numbers and Market Demand Dynamics The NII portion of the IPO demonstrated overwhelming strength, attracting bids for 87.31 lakh shares against the 17.96 lakh shares allocated to the...

Turtlemint IPO Receives Strong Demand So Far; Retail and QIB Investors Drive 55% Subscription Turtlemint Fintech Solutions' initial public offering (IPO) has seen a robust response on the final day of bidding. As reported by the NSE, the company received subscription bids for 1.81 crore shares against an offer of 3.29 crore shares as of 11:30 am Tuesday.This level of interest indicates significant investor appetite for the fintech venture. The IPO's demand has been driven primarily by the institutional and retail segments, setting a strong tone for its eventual listing.Subscription Breakdown Across Investor CategoriesThe subscription numbers reveal a varied yet generally positive response across different investment pools. The...

Brickwork Ratings Assigns Credit Ratings for Mahamaya Steel Industries' Bank Facilities Brickwork Ratings India Private Limited has assigned credit ratings for the bank facilities of Mahamaya Steel Industries Ltd., providing transparency regarding the company's debt structure, according to a rating rationale issued on June 22, 2026.The assignment covers both Long Term and Short Term non-fund based facilities sanctioned to Mahamaya Steel Industries. The ratings are valid for twelve months from the date of communication.Key details of the assigned credit ratings and facilities are summarized below:Instrument/FacilitiesAmount (Rs Crores)RatingRating ActionLong Term Bank Facilities Fund Based51.47BWR BBB+ / StableAssignedShort...

Telegram Restored on Play Store After Government Ban Over Exam Fraud Concerns Messaging platform Telegram resumed availability across India after a week-long government restriction expired at midnight on June 22. The ban had been imposed following allegations that the platform was being misused to facilitate fraud and spread misinformation related to major entrance examinations, notably the National Eligibility-cum-Entrance Test (NEET).The app reappeared on Google's Play Store on Tuesday morning, allowing millions of existing users to download and access the service. While many users had regained access sooner, Telegram remained inaccessible on Apple's App Store until mid-morning, with the company yet to provide comment regarding this...

Tax Authorities Conclude Inspection at Acutaas Chemicals Ltd; No Material Impact Reported Acutaas Chemicals Ltd, formerly Ami Organics Limited, confirmed that an inspection conducted by tax authorities regarding its operations in Surat, Gujarat, has been concluded. The inspection was related to compliance under the Central Goods and Services Tax Act, 2017.The search, which took place at the company’s Registered Office and manufacturing unit located in Sachin, Surat, Gujarat, concluded on June 23, 2026, around 10:45 a.m., as confirmed by the Additional Commissioner of Central Goods & Service Tax & Central Excise, Anti-evasion Department, Surat, Gujarat.The purpose of the action was a search conducted under subsection (2) of Section...

Seamec Limited Vessel 'SEAMEC AGASTYA' Returns to Field and Comes On Hire Seamec Limited has announced that its vessel, 'SEAMEC AGASTYA', following technical redressal, has returned to service and commenced operations under contract.The operational update confirms that the vessel is now on hire status. This transition occurred with effect from 00:30 hrs on June 23, 2026.Seamec Limited confirmed the vessel's return following necessary technical repairs, marking its re-entry into active field operations.Key details of the operational update are provided below:Vessel NameStatusEffective Date and TimeSEAMEC AGASTYAOn Hire (Post Redressal)June 23, 2026, at 00:30 hrsSEAMECLTD Stock Price Movement Shares of Seamec Limited are...

Promoter Group Increases Holding in Billwin Industries Ltd through Open Market Acquisition Pritish Subrata Dey, acting as a promoter in the Promoter Group, has acquired additional shares of Billwin Industries Ltd through the open market. The transaction took place on June 19, 2026.The acquisition details show that Pritish Subrata Dey’s pre-acquisition holding stood at 40,200 shares, representing 0.96% of the total share or voting capital of Billwin Industries Ltd (BSE Limited).Through the open market purchase, the acquirer acquired an additional 3,000 shares. Following this transaction, the promoter’s holding increased to 43,200 shares, which accounts for 1.03% of the total share or voting capital of the company.Key details...

Kospi Crashes: Semiconductor Giants Plummet Amid Profit-Taking Jitters in Unraveling AI Boom South Korea's benchmark Kospi index suffered one of its steepest declines this year, plunging by up to 6.6% on Tuesday. The sharp sell-off saw heavyweight technology stocks take heavy losses as investors expressed concerns that the market's record-breaking rally had become significantly overheated.The downturn was led fiercely by major semiconductor players Samsung Electronics and SK Hynix, which each shed more than 5%. These massive declines wiped billions of dollars from their combined market valuations. The volatility was extreme, forcing the Korea Exchange to briefly activate safeguards after stock-index futures tumbled.Why the AI Rally...

Amansa increases stake in Chemplast Sanmar through secondary market purchase Amansa Holdings Private Limited and its associate, Amansa Investments Ltd., have increased their shareholding in Chemplast Sanmar Ltd. following a transaction completed on June 16, 2026. The acquisition was executed via the secondary market, bringing Amansa's stake to 7.62%.The purchase involved the acquisition of 938,161 shares of Chemplast Sanmar Ltd. This move reflects a strategic increase in the investor’s commitment to the company.Before this acquisition, Amansa's holding stood at 11,105,388 shares, which represented 7.02% of the total share/voting capital and 7.02% of the total diluted share/voting capital of Chemplast Sanmar Ltd.Following the...

New India Assurance Company Clarifies Stock Price Movement Post-Query The New India Assurance Company Ltd has issued a clarification concerning its stock price movements. The company addressed queries regarding potential factors affecting its share value, confirming that all necessary information and disclosures have been promptly communicated to the relevant exchanges.The statement confirms that The New India Assurance Company Ltd is not aware of any other information or impending announcements that could bear upon the price movement behavior of its scrip beyond those already disclosed.This clarification ensures market participants that the company maintains transparency regarding events and information impacting its operation and...

Mrs. Bectors Food Specialities Fined Rs 1 Lakh by CCPA Over '100% Atta' Labeling Claim Mrs. Bectors Food Specialities Ltd has received a penalty from the Central Consumer Protection Authority (CCPA) concerning the use of the descriptor "100% whole wheat" on its bread products. The concerned authority imposed a fine of Rs 1 Lakh on the company, referencing an order dated June 9, 2026.The penalty relates to the packaging claim found on products labeled as '100% Atta Bread' or '100% Whole Wheat Bread'. Mrs. Bectors Food Specialities Ltd stated that it is currently pursuing legal advice and plans to file an appeal against the CCPA order before the appropriate authority under the provisions of the Consumer Protection Act, 2019.The...

Varun Satyanarayan Kabra and Jyoti Varun Kabra Acquire Shares in Plastiblends India Ltd. Plastiblends India Ltd. saw a significant share acquisition during the period of June 17, 2026, to June 22, 2026. The transaction involved the purchase of shares from Kolsite Corporation LLP by Varun Satyanarayan Kabra and Jyoti Varun Kabra in the open market.The details concerning the shareholding structure before the acquisition are as follows:ShareholderShares Carrying Voting Rights (Pre-Acquisition)Percentage of Total Diluted Capital (Pre-Acquisition)Varun Satyanarayan Kabra74,99,05328.85%Jyoti Varun Kabra13,67,5565.26%Kolsite Corporation LLP30,98,48411.92%Saritadevi Satyanarayan Kabra20,87,1188.03%The acquisition details...