Markets

Massive Demand Drives Avience Biomedicals IPO Subscription to 365 Times on Final Day Avience Biomedicals, a leading diagnostics solutions provider, has seen extraordinary investor interest following the culmination of its Initial Public Offering (IPO) bidding process. The company's stock attracted overwhelming demand, witnessing a highly successful subscription rate of 365.06 times on June 22nd. This massive response highlights strong market confidence in the medical consumables sector.Subscription Highlights and Grey Market Verdict The IPO generated immense interest across various investor segments during the three-day bidding window (June 18-22). The company offered a total of 10.44 lakh shares, seeking to mobilize Rs 30.2 crore...

HDFC Rolls Out Nifty Metal ETF Fund of Fund, Betting on Metals Sector Surge HDFC Asset Management Company (AMC) has introduced a specialized financial product, the HDFC Nifty Metal ETF Fund of Fund (FOF). This scheme provides investors with a focused entry point into the performance and trends of the metals sector. As an open-ended domestic fund, this FOF is designed for investors seeking capital appreciation through exposure to commodity-linked assets via the underlying HDFC Nifty Metal ETF.The launch caters to market participants keen on tracking industrial metal demand and price movements globally. The Scheme mandates a strategy focused heavily on the underlying investment vehicle. This structure essentially leverages the...

Muthoot Capital Services Approves ₹150 Crore Non-Convertible Debenture Issue via Private Placement Muthoot Capital Services Limited has announced the approval of a significant debt issuance, sanctioning the release of Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable, Non-Convertible Debentures (NCDs) amounting up to ₹150 Crores. The decision was made by the Company's Debenture Issue and Allotment Committee during a meeting held on June 22, 2026.The proposed issue involves offering 15,000 NCDs, each carrying a face value of ₹1,00,000, aggregating to the maximum size of ₹150 Crores. The issuance is structured as a Private Placement and has been approved within the limits established by the Board of Directors.The NCDs...

RBI Moves Reserves: Central Bank Sets Up Massive 7-Day VRR Auction to Address Liquidity Needs The Reserve Bank of India (RBI) has announced a scheduled Variable Rate Repo (VRR) auction aimed at managing and stabilizing market liquidity. The central bank decided to conduct the specialized auction following a thorough review of current and evolving liquidity conditions within the financial system.This move highlights the RBI's proactive role in liquidity management, ensuring smooth functioning across various financial segments. The auction is scheduled for Tuesday, June 23, 2026.Key Details of the VRR Auction The announced operation details a significant injection into the banking system. The RBI has allocated a notional amount of ₹...

Standard Surfactants Ltd. Schedules Board Meeting to Approve Financial Results for FY2026 Standard Surfactants Ltd has announced that its Board of Directors will convene a meeting to consider and approve the audited financial results and statements for the Quarter and Year ending March 31, 2026.The meeting is scheduled for Thursday, June 25, 2026.The event will take place at the company's registered office located at 8/15, Arya Nagar, Kanpur-208002.Standard Surfactants Ltd. confirmed that the primary purpose of the board meeting is to officially review and approve all financial data pertaining to the quarter and full year ended March 31, 2026.Stock Price Movement Standard Surfactants Ltd settled at ₹49.99 after ticking up 1.40%...

Electronics Mart India Limited Commences Operations of New MultiBrand Store Under BAJAJ ELECTRONICS Brand Electronics Mart India Limited has announced the commencement of commercial operations for a new multibrand store under the brand name 'BAJAJ ELECTRONICS.' The launch marks a significant operational expansion by the company.The new establishment was inaugurated on June 22, 2026, in Telangana. The store is designed as a MultiBrand outlet, dedicated to serving customers in the designated industrial area.Details regarding the newly opened 'BAJAJ ELECTRONICS' outlet are provided below:AttributeDetailOperational DateJune 22, 2026Brand NameBAJAJ ELECTRONICSArea Size7,680 Square FeetLocation Address1-16-446/2, &...

HDFC Launches Nifty Metal ETF: Investors Get Direct Exposure to Metals and Mining Sector HDFC Asset Management Company Limited has launched a new Exchange Traded Fund (ETF), the HDFC Nifty Metal ETF. This product offers investors direct exposure to the metals and mining sector by replicating or tracking the performance of the Nifty Metal Index (TRI). The ETF is designed for those seeking returns commensurate with the underlying index, subject to tracking error.Investment Objective and Passive Strategy The primary objective of the HDFC Nifty Metal ETF is to generate returns that mirror the performance of the Nifty Metal Index (TRI) before expenses. This fund follows a strictly passive investment strategy, investing in securities...

B-Right Realestate Ltd Subsidiary Signs MoU for Major Real Estate Development in Parel B-Right RMBD Developers LLP, the step-down subsidiary of B-Right Realestate Limited, has entered into a Memorandum of Understanding (MoU) related to the development of two residential projects: Viswas Niwas 8 and Viswas Niwas 9. The project is located at Village Parel.The MoU covers the development of these sites, which feature a land area totaling 1,081.95 Sq. Mtr. The development is anticipated to generate substantial returns, with the expected Gross Development Value (GDV) set at Rs. 179 Crores.The project scope details include:MetricDetailsProject NameViswas Niwas 8 and Viswas Niwas 9LocationVillage ParelLand Area1,081.95 Sq. Mtr...

Fuel Margins Surge Back Above Pre-Conflict Levels Amid Lower Crude Prices Composite Margins Recover as Low Crude Prices Boost OMC Profitability Profitability for state-run oil marketing companies (OMCs) is showing signs of recovery, with composite margins on petrol and diesel sales now surpassing the levels seen before the Middle East conflict. This improvement is primarily driven by steadily falling crude oil prices and crucial reductions in central excise duties.JP Morgan reports that while losses on LPG remain elevated, the overall trend points towards improved profitability for OMCs as they navigate a complex market environment. The composite margins of state-run refiners and fuel retailers are now stronger than pre-war...

JSW Infrastructure Plans Qualified Institutions Placement and Promoter Offer for Sale of Equity Shares JSW Infrastructure Limited has announced plans for a dual offering aimed at raising capital and facilitating compliance with minimum public shareholding requirements. The company intends to undertake a Qualified Institutions Placement alongside an Offer for Sale by the Promoter Selling Shareholder, Sajjan Jindal Family Trust.The Board of Directors of JSW Infrastructure Limited has noted the proposed fund raise through a qualified institutions placement under Chapter VI of the SEBI ICDR Regulations. This fresh issue includes up to 23,00,00,000 equity shares of the company.Simultaneously, the company has taken on record the intention...

Waterways Leisure Tourism IPO Set to Open: Surge in Cruise Sector Focuses Investor Interest Waterways Leisure Tourism, the operator behind Cordelia Cruises, is set to open its Initial Public Offering (IPO) for public subscription on June 23. The IPO presents a significant opportunity for investors interested in the growing leisure and tourism sector. The company has established a defined price band of Rs 769-808 per equity share for the issuance.The offering comprises a fresh issue of shares valued at up to Rs 585 crore, providing substantial funds for corporate growth. Investors who wish to participate can begin bidding on June 23 and must adhere to specific minimum lot requirements. The IPO subscription window will close two days...

Dhruv Consultancy Services Acquires 55% Stake in Subsidiary for Highway Amenities Project Dhruv Consultancy Services Limited has successfully acquired a 55% stake in VERUL DRIVEHUB PRIVATE LIMITED, making the newly incorporated entity a subsidiary of the consultancy firm. This strategic acquisition positions Dhruv to undertake major development and operation mandates within the infrastructure sector.The move involves subscribing to the Memorandum of Association and share capital of VERUL DRIVEHUB PRIVATE LIMITED. The transaction has been structured as an arm's length investment and directly facilitates the execution of a large-scale wayside amenities project on National Highways in Maharashtra.VERUL DRIVEHUB PRIVATE LIMITED was...

Fertilizer Ships Secure Vital Agri-Supply Lines: India's Stocks Soar as Key Vessels Cross Strait of Hormuz Supply Chain Resilience and Maritime Security Achieved India’s agricultural security received a significant boost last week as four cargo vessels successfully navigated the challenging international routes, crossing the Strait of Hormuz. These ships are carrying crucial shipments of Urea, Di-Ammonium Phosphate (DAP), and Sulphur, destined for various Indian ports including Krishnapatnam, Kakinada, Paradeep, and Mundra.The safe transit of these vessels ensures that essential fertilizer raw materials will promptly arrive to supplement the nation’s existing buffers. This maritime success is vital in navigating persistent global...

Bandhan Bank Schedules Board Meeting to Review and Consider Capital Plan Bandhan Bank Ltd has announced a meeting of its Board of Directors scheduled for June 25, 2026. The primary purpose of the gathering is to review and consider the bank's Capital Plan.The board meeting is set to take place on Thursday, June 25, 2026. This session is designated for the directors to scrutinize the details of the institution’s Capital Plan.BANDHANBNK Stock Price Movement Bandhan Bank Limited shares today slipped by 0.54% to settle at ₹208.33 in post-market trading. The stock saw selling pressure throughout the day, hitting a low of ₹206.96 amid a traded volume of nearly 2.91 million shares.

Kunal Shah to Lead Global WhatsApp as Meta Invests $900 Million in Fintech Powerhouse Cred Meta, the parent company of Facebook, has announced a major strategic investment in Indian fintech startup Cred. The technology giant is investing around $900 million, equivalent to approximately ₹8,550 crore, into Cred. This investment arrives amidst significant leadership shifts across the tech landscape, with Cred founder Kunal Shah set to transition into a global executive role at Meta.The deal formalizes Kunal Shah's high-profile move, as he will take over as the Global CEO of WhatsApp, the massive messaging application owned by Meta. Shah is stepping away from his operational leadership at Cred but bringing his established builder...

Mangalam Worldwide Limited Announces Stock Split for Equity Shares Mangalam Worldwide Limited has announced a significant corporate action following shareholder approval, detailing the sub-division of its fully paid-up equity shares. The company confirmed that one equity share with a face value of Rs. 10/- (Rupees Ten only) will be divided into ten equity shares, each having a face value of Re. 1/-, in accordance with the corporate action approved by shareholders through a Postal Ballot conducted on June 20, 2026.The stock split aims to divide the existing equity structure. Shareholders wishing to be eligible for this division must meet the criteria set out for the record date.Key details regarding the equity sub-division are as...

SpaceX Pours AI Ambitions Into Market, Launching Debut High-Grade Bond Sale to Secure Billions SpaceX, the aerospace and artificial intelligence conglomerate led by Elon Musk, has initiated its first-ever offering of investment-grade bonds. This move signals a significant shift in the company's funding strategy, positioning it for an aggressive period of borrowing to fuel its expansive AI initiatives.The venture is set against the backdrop of SpaceX’s previous $75 billion IPO and aims to solidify its financial foundation as it scales its groundbreaking operations. The debut offering involves senior unsecured notes from the organization.Funding AI Ambitions Through Corporate Bonds The company has commenced the issuance of these...

Agri Security Surge: Four Ferti Ships Triumph Over Hormuz Transit, Boosting India's Vital Crop Buffers The resilience of India's fertilizer supply chains has been significantly strengthened as four cargo ships carrying vital shipments successfully crossed the challenging Strait of Hormuz. These vessels contain essential agricultural inputs, including Urea, Di-Ammonium Phosphate (DAP), and Sulphur. Currently en route to major Indian ports like Krishnapatnam, Kakinada, Paradeep, and Mundra, these imports are set to immediately bolster the nation's strategic fertilizer reserves upon arrival.Navigating Global Trade Risks: Fertilizer Shipments Arrive The successful maritime transit of these key fertilizer shipments underscores India’s...

Landmarc Leisure Corporation Appoints New Secretarial Auditor Following Resignation of Amit Jalan & Associates Landmarc Leisure Corporation Ltd has completed a change in its Secretarial Audit function. The Board of Directors, at a meeting held on June 22, 2026, approved the resignation of M/s. Amit Jalan & Associates and appointed M/s. Pimple & Associates to fill the resulting casual vacancy.The company confirmed that Mr. Amit Shiv Hari Jalan, Proprietor of M/s. Amit Jalan & Associates, had resigned as the Secretarial Auditor. The resignation was submitted via a letter dated June 22, 2026, and Mr. Jalan further confirmed that there were no material reasons for his departure other than those stated in the resignation...

RPG Life Sciences Recommends Final Dividend of Rs. 24 Per Share for FY 2025-26 RPG Life Sciences Limited has announced plans regarding its dividend payment for the financial year ended March 31, 2026, following a Board meeting held on April 29, 2026. The company recommended a final dividend of Rs. 24 per equity share, which translates to 300% based on the face value of the stock.The suggested dividend is slated for shareholder approval at the Nineteenth Annual General Meeting (AGM), which is scheduled to be held on Thursday, July 23, 2026.To determine entitlement to receive this final dividend, RPG Life Sciences fixed Thursday, July 9, 2026, as the Record Date.The following details outline the security type, record date, and...