Markets

NFP Sampoorna Foods Limited Launches CNSL Extraction Facility, Approves Up To ₹150 Lakh Term Loan NFP Sampoorna Foods Limited is undertaking a significant expansion initiative by setting up a new specialized oil plant for Cashew Nut Shell Liquid (CNSL) extraction. The facility is designed to enhance resource utilization and diversify the company's product portfolio by converting cashew nut shells into high-value industrial raw material.The Board of Directors approved the installation of the CNSL extraction facility at the company’s location in Neemrana, Alwar, Rajasthan. This project is expected to be implemented during Financial Year 2026-27.CNSL is a strategically important bio-based industrial raw material. It serves as a...

GRSE Stock Surges as Defence PSU Secures 'Navratna' Status, Hitting Multi-Month High Garden Reach Shipbuilders and Engineers Ltd (GRSE) saw a significant rally on Monday after the defence Public Sector Undertaking (PSU) was granted prestigious 'Navratna' status by the Department of Public Enterprises. The stock surged nearly 5 percent, hitting an over one-month high in response to the corporate recognition.The shipbuilder’s shares opened with robust gains at Rs 2,861 on the NSE. They climbed further, reaching an intraday peak of Rs 2,934.70. As profit booking took hold at higher levels, the stock settled around Rs 2,903 per share, maintaining a strong increase of 3.74 percent by midday.Financial Powerhouse: Operational Growth Drives...

Sanjeev Pushkarna Resigns from Waaree Energies as Chief Procurement Officer Waaree Energies Limited has announced the resignation of Mr. Sanjeev Pushkarna from his position as Chief Procurement Officer (CPO). The change in senior management personnel was confirmed, with Mr. Pushkarna's resignation effective immediately following June 19, 2026.Mr. Pushkarna submitted his resignation after careful consideration, citing a decision to transition into a new professional and personal chapter that aligns with long term aspirations and goals. He expressed gratitude for the opportunities provided during his tenure at Waaree Energies Limited and conveyed best wishes for the continued success and future prosperity of the Waaree Group.The key...

Milkfood Ltd Allots 12,18,000 Equity Shares to Employees Under Stock Option Plan 2024 Milkfood Ltd has completed the allotment of equity shares to eligible employees following a meeting of its Board of Directors held on June 22, 2026. The issuance was executed under the Milkfood Limited Stock Option Plan 2024 ('MILKFOOD ESOS 2024/PLAN, SCHEME').The company allotted 12,18,000 equity shares to employees who exercised their equivalent Employee Stock Options. These newly issued shares are set to rank pari passu with the existing equity shares of Milkfood Ltd in all aspects.The allotment has led to a significant increase in the paid-up share capital of the company. The updated financial structure is detailed below:Financial...

Iris Clothings Enters Quick Commerce Market to Strengthen Omnichannel Presence Iris Clothings Limited, a readymade garment company specializing in kidswear design, manufacturing, branding, and sales, has expanded its distribution reach by entering the Quick Commerce segment. The strategic move aims to strengthen the company's omnichannel presence and improve customer accessibility across high-growth retail channels.The company will initially introduce its products into the Quick Commerce ecosystem in Bengaluru and Hyderabad. This addition complements Iris Clothings Limited's existing robust distribution network, which includes distributor-led sales, Exclusive Brand Outlets (EBOs), and a Direct-to-Consumer (D2C) platform. By leveraging...

Empower India Ltd Expands into Digital Solar Solutions Targeting India's $200 Billion Renewable Energy Market Empower India Limited has announced a major strategic expansion into next-generation digital solar solutions, aiming to democratize renewable energy access and support India's rapid clean energy transition. This move positions the company within one of the largest infrastructure opportunities in the country's history.India is accelerating its commitment to sustainable energy, backed by an estimated investment opportunity exceeding US$200 billion. The market currently features over 150 GW of installed solar capacity and a government initiative targeting 1 crore solar-powered households. To meet these national goals, Empower...

Infosys Allots Over 3.2 Lakh Equity Shares to Employees Under Compensation Plans Infosys Ltd. confirmed the allotment of equity shares resulting from the exercise of Restricted Stock Units (RSUs) by eligible employees. The allotment, which was approved on June 21, 2026, involves a total of 3,22,925 equity shares, each having a face value of ₹ 5.The equity share allocation is distributed across two key internal programs:13,265 equity shares were allotted under the 2015 Incentive Compensation Plan. 3,09,660 equity shares were allotted under the Infosys Expanded Stock Ownership Program 2019.The total number of shares allotted amounted to 3,22,925.Impact on Capital Structure Effective from June 21, 2026, the allotment...

Varroc Engineering Reports Steady Financial Improvement, Details Global Operations and ESG Commitments Varroc Engineering Ltd has provided an update detailing its strengthening balance sheet, revenue breakdown across product groups, and commitment to sustainable mobility solutions. The company highlighted consistent improvements in profitability alongside a reduction in net debt over several financial periods.Financial Health and Debt Reduction The company presented key operational and financial metrics demonstrating improving leverage ratios and stability. Data tracking Net Debt performance shows a sustained downward trend from 31st March 2024 through the reported period ending 31st March 2026:Metric31 Mar 202430 Jun 202531 Mar...

Reliance Stock Explodes Post-AGM as AI Dominance and Jio IPO Fuel Brokerage Upgrades Shares of Reliance Industries Ltd surged in early trading on Monday, becoming one of the top gainers on the Nifty 50. The stock's significant rise followed the company's annual general meeting (AGM), where it unveiled aggressive growth initiatives spanning artificial intelligence (AI) infrastructure, burgeoning new energy projects, and the proposed listing of Jio Platforms.The conglomerate shares were trading at Rs 1,340.90 in the morning trade, marking a strong advance of 2.4 percent. This performance was notably robust, outpacing the benchmark Nifty 50's 0.5 percent gain, and lifting the Nifty Oil & Gas index which registered a rise of 1.2 percent...

Suven Life Sciences to Showcase CNS Clinical Pipeline and Partnering Strategies at BIO 2026 Hyderabad, India, June 22, 2026 — Suven Life Sciences Limited, a clinical-stage biopharmaceutical company focused on discovering innovative treatments for Central Nervous System (CNS) disorders, has announced its participation in the BIO International Convention 2026. The event takes place from June 22 to 25, 2026, in San Diego, USA, and is recognized as one of the world's largest Biotechnology Partnering Conferences.Suven Life Sciences will host Delegates, Investors, and potential collaborators from Big Pharma and Biotech companies at Booth # 6154. The company plans to showcase its differentiated CNS portfolio, which includes late-stage...

Zydus Wellness Ltd. to Participate in Analyst and Institutional Investors' Conference in Hongkong Zydus Wellness Ltd. has scheduled its representatives to participate in an Analyst/Institutional Investors' Conference, providing a platform for one-on-one and group meetings with investors. The conference is set to take place on Thursday, June 25, 2026.The event, which functions as a Non-Deal Road Show, is organized by Equirus Securities. Zydus Wellness Ltd.'s representatives will attend the conference in Hongkong to meet with analysts and institutional investors.Key details regarding the Investor Conference are presented below:Date of ConferenceOrganizerVenueThursday, June 25, 2026Equirus SecuritiesHongkongZYDUSWELL Stock...

Lehar Footwears Bags Largest-Ever OEM Order worth ₹ 39.70 Crores Lehar Footwears Limited has secured a significant original equipment manufacturer (OEM) order valued at ₹ 39.70 crores for the supply of footwear, marking what is described as its largest-ever OEM contract. The business development reinforces the company's capabilities in large-scale manufacturing and quality standards within the footwear sector.The deal involves the domestic supply of footwear to a domestic entity. According to the details provided, the order must be executed within 60 days from the acceptance of the purchase order. While the specific entity awarding the contract was not disclosed due to confidentiality, the agreement highlights Lehar's expanding...

String Metaverse Ltd Allots Bonus Shares to Public Shareholders, Achieves Minimum Public Shareholding ComplianceString Metaverse Ltd, formerly Bio Green Papers Limited, has completed a significant bonus issue, allotting fully paid-up equity shares exclusively to its public shareholders. The action resulted in the company achieving compliance with the Minimum Public Shareholding (MPS) requirements.The Committee of the Board of Directors approved the allotment of 55,586,661 fully paid-up Bonus Equity Shares, each valued at Re.1/-. This bonus issue was conducted in the ratio of two Bonus Equity Shares for every nine existing Equity Shares held by eligible public shareholders as of the record date, June 19, 2026.The successful...

EV Surge Permanently Reshapes China's Oil Demand After War Shock Accelerates Fleet Electrification The geopolitical instability sparked by the Iran war is triggering a fundamental and lasting shift in China’s energy consumption patterns. Analysts warn that this conflict has accelerated a permanent move away from traditional fossil fuels like gasoline and diesel, suggesting that the nation's capacity to absorb surplus oil globally may be curtailed moving forward.Sources indicate that the displacement of transport fuel demand could constitute between 200,000 and 600,000 barrels a day lost during the conflict, with Energy Aspects Ltd. putting the permanent loss at approximately 300,000 barrels a day. This trend is being closely monitored...

Bitcoin Slips Below $64,000 as Geopolitical Uncertainty Forces Major Crypto Correction Bitcoin is grappling with renewed uncertainty following developments surrounding US-Iran negotiations, causing investor sentiment across global markets to waver. The cryptocurrency momentarily slipped near $63,242 in early trading but recovered somewhat, currently standing at $63,980 (as of 09:30 IST). This movement marks a 0.57 percent decline over the last 24 hours.Market Reaction to Geopolitical Headwinds Weekend market movements have intensified concerns globally, notably driving oil prices higher and causing US stock futures to experience declines. In this highly volatile environment, markets are keenly focused on the upcoming Core PCE...

Emerging Markets Surge to Record High as US-Iran Peace Hopes and AI Rally Lift Global Sentiment Emerging market stocks witnessed a fresh surge, reaching record highs following developments in diplomatic relations between the US and Iran. The progress made on a peace deal has significantly bolstered investor sentiment across global markets.MSCI’s developing markets index rose as much as 1.3% to an all-time high, driven heavily by strong performances from technology shares. This bullish momentum contrasts with a mixed picture for currencies, as the Bloomberg dollar spot index saw modest gains.Geopolitical De-escalation and Oil Price Correction The US and Iran have reported "encouraging progress" in negotiations and plan to continue...

PNC Infratech Incorporates Subsidiary for NHAI Highway Project PNC Infratech Limited has successfully incorporated a wholly-owned subsidiary, Barabanki Mustafabad Highway Private Limited, established as a Special Purpose Vehicle (SPV) to execute a major highway project awarded by the National Highways Authority of India (NHAI).The SPV was incorporated on June 17, 2026, and is dedicated to the construction of a 4-lane highway on NH-927 in Uttar Pradesh. This undertaking falls under the HAM Mode (Hybrid Annuity Model) and the NH(O) Scheme (Package-I). The specific project involves constructing the route from Barabanki Design Chainage Km 0+000 to Mustafabad Design Chainage Km 43+030, covering the existing chainage stretch of 0.000 to...

Global Bond Markets Tense as US-Iran Peace Talks Gain Momentum, Yields Steady at 6.85% The benchmark 10-year bond yield remained nearly steady on June 22 as bond prices saw minor dips across global markets. Market participants are intensely tracking the outcomes of the first round of peace talks between the US and Iran in Switzerland.Dynamics of Global Fixed Income Markets The 10-year bond yield was trading at 6.8592 percent, showing only a slight move from its previous closing level of 6.8533 percent. This stability reflects the current uncertainty surrounding geopolitical developments.The US and Iran concluded their initial talks over the weekend. These negotiations appeared to have progressed well, offering some relief following...

RIL Soars on Jio IPO Plans; Infrastructure Stocks Gain as Order Wins Drive Market Buzz Market participants are bracing for continued stock-specific volatility as investors react keenly to major corporate developments, substantial order inflows, and strategic fundraising initiatives across key sectors. The enthusiasm surrounding Reliance Industries’ (RIL) proposed public offering continues to fuel positive sentiment in the market.Reliance's Jio IPO Filing Spurs Massive Surge Reliance Industries surged by over 2 percent after its subsidiary, Jio Platforms, filed a draft red herring prospectus (DRHP) with SEBI. This filing signals the commencement of fundraising plans for the highly anticipated initial public offering (IPO), boosting...

Aavas Financiers Stock Plummets as NHB Flags Concerns Over Potential Loan Misclassification Shares of Aavas Financiers witnessed a sharp decline in early trading on Monday after reports emerged regarding the National Housing Bank (NHB) raising concerns over certain loan classifications within the company. The stock price plummeted, closing down 3.37 percent to Rs 1,422.30.The market reaction was swift and pronounced. The downturn followed a report highlighting an ongoing NHB supervision process concerning loans valued between Rs 400 crore and Rs 500 crore that may have been misclassified by the company.NHB Supervision Points to Loan Classification Issues The reported supervision process indicates that Aavas Financiers may have...