Markets

Consumer Alert: CCPA Slams Storia Foods and Mrs. Bectors with ₹1 Lakh Penalties for Deceptive '100%' Product Claims The Central Consumer Protection Authority (CCPA) has imposed penalties of ₹1,00,000 each on M/s Storia Foods and Beverages Private Limited and Mrs. Bectors Food Specialities Limited following findings of misleading advertisements and unfair trade practices. The action targets the misuse of the expression "100%" across their food product lines.The CCPA also directed both companies to immediately discontinue all impugned claims from their packaging, websites, and digital platforms. This decision was taken under the Consumer Protection Act, 2019, and related guidelines on preventing misleading advertisements.CCPA...

3i Infotech Subsidiary Secures Major International Contract Valued at AED 13.08 MN for Professional Services 3i Infotech Software Solutions L.L.C., a subsidiary of 3i Infotech Limited, has secured a significant Purchase Order from a leading UAE-based technology company. The contract involves providing professional services to support client environments in various technology domains.The Purchase Order was awarded on June 19, 2026. The engagement requires the deployment and management of specialized technology professionals across multiple roles within the international clientele's customer environments.The scope of work covers critical technical areas including cybersecurity, cloud security, network operations, infrastructure...

Park Medi World Set for 37% Surge as Emkay Project Massive Upside Driven by Growth Pipeline Brokerage research suggests that shares of smallcap healthcare firm Park Medi World are poised for significant gains, citing a robust growth trajectory and disciplined cost management. Emkay Research projects an upside potential exceeding 37 percent for the company, emphasizing its strong business model and expansion strategy.The stock, which settled at Rs 278.90 per share on the NSE Friday, had seen a daily appreciation of 9.27 percent from the previous close. Emkay Research has assigned a target price of Rs 350 per share, indicating substantial headroom for investors.Investment Rationale Behind High Growth Projection The core strength of...

FII Buying Surge as Global Focus Shifts to US-Iran Talks and Crucial Economic Data The stock market sentiment this week is heavily influenced by several global developments, including the ongoing negotiations between the US and Iran. Foreign institutional investment activities have seen a marked positive change, coinciding with careful monitoring of crude oil prices and emerging economic data points across the globe. Investors are bracing for a critical few days as key international dialogues unfold.Geopolitical Tensions and Crude Oil Outlook The outcome of high-level talks aimed at restoring peace in West Asia will be a primary focus for investors. A Memorandum of Understanding (MoU) was recently signed by US President Donald Trump...

Aavas Financiers Announces Key Management Changes: New CFO and Chief Risk Officer Appointed Amid Executive Resignations Aavas Financiers Limited has made significant changes to its senior management following a board meeting held on June 21, 2026. The company approved the appointment of new personnel for key leadership roles while simultaneously accepting the resignations of two senior executives.Ghanshyam Gupta and Punit Purushottam Agarwal have been appointed as Interim Chief Financial Officer (CFO) and Interim Chief Risk Officer (CRO), respectively. Both appointments, which are effective from June 22, 2026, were approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.Mr...

Avenue Supermarts Opens New Store in Gandhinagar; Total Stores Reach 501 Avenue Supermarts Limited has announced the opening of a new retail location in Gujarat, marking another milestone in its expansion drive. The company opened the latest store at Gift City in Gandhinagar today.With this addition, Avenue Supermarts Limited now operates a total of 501 stores across its operational network.DMART Stock Price Movement Avenue Supermarts Limited shares slipped by 0.21% on Friday, settling at ₹4286.9 after the stock shed ₹9.10. The equity traded within a moderate range during the session, with the day's low registering at ₹4260 and the high touching ₹4331.3.

Dalmia Cement Subsidiary Commences Commercial Production at Uttar Pradesh Plant Dalmia Bharat Limited's wholly owned material subsidiary, Dalmia Cement (Bharat) Limited (DCBL), has commenced commercial production at its newly acquired plant in Chunar, Uttar Pradesh. The commencement took place on June 20, 2026.The new facility is equipped with a cement grinding capacity of 2.5 MTPA. This operational milestone marks the start of commercial activities at the site located in Chunar, Uttar Pradesh.Key details regarding the plant and its commencement are summarized below:MetricDetailCompanyDalmia Cement (Bharat) Limited (DCBL)EventCommencement of Commercial ProductionDateJune 20, 2026LocationChunar, Uttar Pradesh...

HEG Limited Announces Resignation of Non-Executive Non-Independent Director Vinita Singhania HEG Limited has confirmed the resignation of Smt. Vinita Singhania from the Board of Directors. She resigned from her position as a Non-Executive Non-Independent Director, with the change effective June 21, 2026.The resignation details have been provided regarding the company's governance structure. Smt. Vinita Singhania tendered her resignation and stated that the decision was taken in view of the Company's objective to maintain an optimal and balanced Board composition. This includes ensuring an appropriate mix of Independent and Non-Independent Directors, aligning with applicable governance requirements and best practices.Details...

Lumax Auto Technologies Issues Notice Regarding Unclaimed Dividends and Shares Liable for IEPF Transfer Lumax Auto Technologies Limited has issued communications to shareholders regarding unclaimed and unpaid dividend amounts, specifically focusing on the financial year 2018-19, as well as shares corresponding to seven consecutive years of unpaid dividends.The company notified stakeholders that any money transferred to the Unpaid Dividend Account which remains unclaimed or unpaid for a period of seven years from the date of transfer is liable to be transferred to the Investor Education and Protection Fund (IEPF).Action Required for FY 2018-19 Unclaimed Dividends Shareholders are urgently requested to claim their unpaid/unclaimed...

Nifty 50 Faces Indecision: Expert Recommends CDSL and JBM Auto as Key Stocks for Next Week's Rally The Indian market is currently navigating a phase of technical indecision, highlighted by the formation of a weekly Doji candle in the Nifty 50. Sudeep Shah, Head of Technical and Derivatives Research at SBI Securities, stated that while recent sentiment has been positive, neither bulls nor bears have yet gained clear control over the benchmark index. This volatility is observed even as Midcap and Smallcap indices continue to demonstrate superior performance in the broader market.Nifty 50: Navigating Range-Bound Consolidation The technical indicators suggest a cautious outlook for the Nifty 50, despite it trading above both its 20-day...

Dollar Index Soars as Hawkish Fed Re-ignites Market Jitters Amid Fragile Iran Deal The global markets experienced a turbulent session as commodity valuations were pressured following the Federal Reserve's meeting, which delivered notably hawkish guidance. The dollar surged to a 13-month high of 101.1 after the Fed held its benchmark rate steady at 3.50-3.75 percent. This rapid strengthening of the dollar contrasted sharply with the uncertain outlook surrounding the diplomatic framework agreement between the US and Iran.Federal Reserve Delivers Hawkish Pivot to Global Markets The meeting saw a sharp reversal in economic expectations from policymakers, who issued guidance signaling sustained inflation concerns. Nine out of 18 officials...

Promoter Pledges Shares in Flywings Simulator Training Centre Limited to Secure Debentures Flywings Simulator Training Centre Limited has seen a significant transaction involving its promoter, Ms. Rupal Sanjay Mandavia. The company's shares have been pledged as security in favor of Catalyst Trusteeship Limited to facilitate the issuance of Secured Non-Convertible Debentures (SNCDs).The encumbrance was created over a portion of the equity shares held by Ms. Rupal Sanjay Mandavia. This transaction serves as collateral for the debutant’s corporate financing needs.Ms. Mandavia holds 60,93,414 equity shares in Flywings Simulator Training Centre Limited, representing a holding of 59.87% of the total share capital. In light of the...

Reliance Industries' Subsidiary Establishes New Wholly Owned AI Compute Infrastructure Company Larsen & Toubro Limited, through its wholly owned subsidiary Vyoma.AI Limited, has established a new specialized entity, LTN Compute Private Limited (LTNCPL). This strategic move focuses on building infrastructure and delivering advanced technology-enabled services within the rapidly growing artificial intelligence sector.LTNCPL was incorporated on June 20, 2026. The company's primary focus is establishing AI compute Infrastructure and providing related technology enabled services.Vyoma.AI Limited, a wholly owned subsidiary of Larsen & Toubro Limited, has acquired 100% of the shareholding in LTNCPL through a subscription in cash. The...

Binny Ltd Releases Quarterly Results for December 31, 2025; Financials Highlight Key Project Progress and Litigation Status Binny Ltd has released its unaudited financial results for the quarter and nine months ended December 31, 2025. The results include a Limited Review Report by the company's independent auditor, which contains qualified conclusions relating to project revenue recognition and advances management.The company operates solely within the Real Estate Business segment.Financial Performance Snapshot (INR in Lakhs) The financial statement shows steady figures for the nine-month period. Total Income stood at 4,443.46 lakhs for the quarter ending December 31, 2025, and 8,633.14 lakhs for the full three quarters of the...

DCM Shriram Fine Chemicals Strengthens Operations with Opening of Mumbai Office DCM Shriram Fine Chemicals Limited has expanded its operational footprint by opening a new office in Mumbai, aimed at strengthening its presence and business operations within the Western Region. The establishment of the facility marks a strategic move to enhance market reach and business engagement in the area.The details regarding the newly opened Mumbai office are as follows:Name of the OfficeAddressDate of OpeningMumbai OfficeFleet House, 1 st Floor, Andheri - Kurla Rd, Gamdevi, Marol, Andheri East, Mumbai, Maharashtra 400059.20-06-2026The opening of the office is designed to support and strengthen the company's business activities in the...

Larsen and Toubro Subsidiary Incorporates LTN Compute Private Limited to Focus on AI Infrastructure Larsen & Toubro Limited has expanded its corporate structure through its wholly owned subsidiary, Vyoma.AI Limited, which incorporated a new company dedicated to advanced technology services. The newly formed entity is LTN Compute Private Limited (LTNCPL), established on June 20, 2026.LTNCPL was incorporated by Vyoma.AI Limited and operates in the technology sector. The subsidiary’s primary purpose is establishing AI compute Infrastructure and providing technology enabled services.The incorporation details provided indicate that LTN Compute Private Limited has an Authorized Capital of Rs. 1,00,000, comprising 1,000 equity shares of...

Himadri Speciality Chemical Ltd Opens Office in Mumbai to Strengthen Western Region Operations Himadri Speciality Chemical Ltd has opened a new office in Mumbai, marking an expansion effort designed to strengthen its business operations and presence within the Western Region.The establishment of this new facility is intended to support the company's growing market presence through dedicated operational capacity in Mumbai.Details regarding the newly opened office are as follows:Office NameAddressDate of OpeningMumbai OfficeFleet House, 1st Floor, Andheri - Kurla Rd, Gamdevi, Marol, Andheri East, Mumbai, Maharashtra 400059.20-06-2026Stock Price Movement The share settled at ₹137.35 after market close, reflecting a gain of...

Concord Biotech Invests in Renewable Energy Project, Acquires 27.38% Stake in FSGE Concord Biotech Limited has entered into a strategic investment in M/s FSGE Renewable Power Private Limited, acquiring a stake intended for developing a Wind Solar Hybrid Power Project crucial to the company’s sustainable growth and operational efficiency. The acquisition involves Concord Biotech investing Rs. 6.3 Crores for 27.38% of equity share capital in FSGE.This strategic move reinforces Concord Biotech's commitment to environmental responsibility. By transitioning into renewable energy sources, the company plans to reduce its carbon footprint and contribute to global efforts against climate change. Beyond the environmental benefits, the...

Texmaco Rail Wins Contract Worth Rs 11.65 Crores from Odisha Power Transmission Corporation Limited Texmaco Rail & Engineering Limited has secured a contract worth Rs 11.65 crores from the Odisha Power Transmission Corporation Limited. The agreement covers various works related to the construction of a 2nd Circuit SC line on DC tower, categorized as an engineering and turnkey contract.The order involves the comprehensive execution of Engineering, Supply Installation, Testing, and Commissioning works for the Construction of 2nd Circuit SC line on DC tower on Turnkey Contract basis. The work falls under the category of domestic contracts.Key details regarding the awarded order include:ParticularsDetailsEntity Awarding...

Pil Italica Lifestyle Ltd Holds 34th AGM; Key Resolutions Passed by Shareholders Pil Italica Lifestyle Limited conducted its 34th Annual General Meeting (AGM) on June 19, 2026. The meeting was held through Video Conferencing (VC)/Other Audio Visual Means (OAVM) and physically at the company's Registered Office in Udaipur. The AGM saw the successful transacting of business set out in the notice, which included reviewing financial performance and voting on director appointments.The meeting, conducted between 11:00 AM and 12:05 PM, reported that the voting rights were recorded as of June 12, 2026. A total of 51,292 shareholders were on record. Among those who attended via VC/OAVM were two promoters from the promoter group and 50 members...