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GenXAI Analytics Revisions Financial Disclosures, Clarifying Accounting Standards and Share Capital Structure GenXAI Analytics Limited, formerly known as GenXAI Analytics Private Limited, has released comprehensive clarifications regarding its financial disclosures, covering changes in accounting standards, share capital reconciliation, asset management, and corporate governance details. These revised reports aim to provide complete transparency on the company's operational standing.Financial Accounting Revisions The company confirmed that certain aspects of its financial reporting have been updated following review and advisories. Key revisions relate to how foreign currency transactions are treated and the valuation of intangible...

DCM Shriram Faces High Court Appeal in Material Tax Litigation Related to Transfer Pricing Adjustment DCM Shriram Limited is currently involved in a material tax litigation concerning an Income Tax matter for Assessment Year (AY) 2016-17, which involves transfer pricing adjustments. The dispute is before the Hon'ble High Court of Delhi following an appeal filed by the Principal Commissioner of Income Tax 1, New Delhi, against a prior decision.The litigation pertains to domestic transactions and was initially decided in favor of the Company by the Income Tax Appellate Tribunal (ITAT), Delhi, vide its order dated June 30, 2025. The tax appeal filed before the High Court relates to certain issues within this matter.Key details...

Stanley Lifestyles Secures Domestic Order for Armchairs Worth ₹10,96,928 from Infopark Developers Stanley Lifestyles Ltd has received a significant order from Infopark Developers Private Limited (Tata Realty) for the supply of armchairs intended for an office area. The total value of the contract is aggregated at ₹ 10,96,928, which includes GST and all delivery charges.The order represents a domestic business opportunity, with Stanley Lifestyles Ltd scheduled to execute the contract within a timeframe ranging from 45 to 60 days. Infopark Developers Private Limited is identified as the entity awarding this contract.Key details regarding the order placement and terms are provided below:DetailSpecificationCustomerInfopark...

Sahaj Solar Subsidiary Incorporates New Joint Venture for International Manufacturing in UAE Sahaj Solar Limited has seen its wholly owned subsidiary successfully incorporate a new Joint Venture entity in Abu Dhabi, United Arab Emirates (UAE). The move is part of the company's strategy to expand its international manufacturing footprint within the solar energy sector.The incorporation was finalized on June 19, 2026. The JV, named Sahaj Energy Solar Panels Manufacturing - L.L.C, has been registered as a Limited Liability Company (LLC) in Abu Dhabi. Its primary licensed activities include Solar Panels Manufacturing and Solar Panels Assembling.This strategic venture aims to strengthen the company's global presence in specialized solar...

Novartis India reports minimal shares tendered during ongoing open offer Novartis India Ltd has reported the number of equity shares tendered in connection with an active open offer. The offer involves the acquisition of up to 64,19,608 fully paidup equity shares from public shareholders. These shares represent 26% of the Voting Share Capital of the company.The open offer is being conducted by Acquirer 1 (WaveRise Investments Limited), Acquirer 2 (ChrysCapital Fund X, the first scheme of ChrysCapital Trust I), and Acquirer 3 (Two Infinity Partners). The acquisition process also involves PAC 1 (ChrysCapital X, LLC) and PAC 2 (OceanEdge Investments Limited) in their capacity as persons acting in concert with the Acquirers.The report...

Satani Bearings Appoints New Statutory Auditor and Reconstitutes Key Committees Satani Bearings Ltd., formerly known as Deccan Bearings Limited, has approved significant changes regarding its statutory auditors and the composition of its key corporate committees. The Board of Directors meeting held on June 19, 2026, resulted in the appointment of M/S Bhatt Shah Mekhia & Co. as the new Statutory Auditor, following the resignation of M/S P A M S & Associates. Additionally, the company approved the reconstitution of the Audit Committee and the Nomination & Remuneration Committee.The Board’s decision to appoint M/S Bhatt Shah Mekhia & Co., Chartered Accountants (Firm's Registration No. 129797W), made effective June 19, 2026, fills a...

Promoter Group Acquires Shares of Gayatri Projects Ltd in Off Market Transactions The promoter group members of Gayatri Projects Limited have increased their stake in the company following acquisitions made in the off market. Mr. T.V.Sandeep Kumar Reddy, Chairman and Managing Director (KMP), and Mrs.T.Indira Reddy, both associated with the Promoter Group, acquired shares as part of these transactions.The acquisitions were reported subsequent to the trades taking place on June 16, 2026, and represent a bolstering of their holdings in Gayatri Projects Ltd.Details of the share acquisition by the respective promoter members are provided below:ShareholderRolePrior Holding (Shares/%)Acquired Shares (Shares/%)Post Acquisition Holding...

RBI Finalizes Lead Bank Scheme Circular After Incorporating Public Feedback The Reserve Bank of India (RBI) has today issued the revised Circular detailing the guidelines for the Lead Bank Scheme (LBS). This issuance marks the culmination of a consultative process initiated earlier this year.The updated guidelines reflect careful consideration of the responses received from various stakeholders. The RBI ensured that all necessary modifications and feedback points were suitably incorporated into the final framework.Key Updates to the Lead Bank Scheme Guidelines The Reserve Bank of India had initially released a draft Circular regarding the revised guidelines of the LBS on February 13, 2026. This preliminary release was intended...

Dhara Rail Projects Limited Secures Work Order Worth Rs 4,93,91,029 For Railway Depot Maintenance Dhara Rail Projects Limited has secured a significant work order for maintaining a Government Maintenence Depot (GMD) in Ajni, Nagpur. The contract awarded to the company amounts to Rs 4,93,91,029.01, which includes GST.The work involves maintenance activities outsourcing for the 12000HP Government Maintenence Depot at Ajni, Nagpur. This contract was received from the Sr. Divisional Electrical Engineer/TRS/ELS/AQ of Central Railway, Electric Loco Shed-Ajni, Nagpur. The agreement covers a period of two years.The contract details are summarized below:ParticularDetailsEntity awarding the orderSr. Divisional Electrical...

John Cockerill India Secures Contract Worth INR 85-90 Crores for Tunnel Furnace Packages Project John Cockerill India Limited (JCIL) has been entrusted with a significant contract by JSW JFE Electrical Steel Nashik Private Limited. The agreement involves the manufacturing, supply, and services required for the Tunnel Furnace Packages of the CRGO Project, valued at approximately INR 85 - 90 Crores.The order is domestic in nature. This contract mandates that JCIL execute the work within 15 months from June 2026.JSW JFE Electrical Steel Nashik Private Limited has awarded the comprehensive contract to John Cockerill India Ltd for the manufacturing and provision of services related to the Tunnel Furnace Packages for the CRGO Project. The...

GeeCee Ventures Increases Stake in GMR Power and Urban Infra Limited through Open Market Purchase GeeCee Ventures Ltd (GCVL) has expanded its investment portfolio by acquiring additional equity shares in GMR Power and Urban Infra Limited (GPUIL). The company made an open market purchase resulting in a Rs. 0.98 crore investment, bringing its cumulative holding in GPUIL to a significant level.The transaction involved the acquisition of 97,500 Equity Shares in GMR Power and Urban Infra Limited (GPUIL). This new investment is part of GeeCee Ventures Ltd's ongoing investment activities in the power generation sector. The total investment in GPUIL now stands at Rs. 3.12 crores, surpassing the threshold specified under applicable...

Emirates NBD Launches Open Offer for RBL Bank Shareholders Targeting 26% Stake Emirates NBD Bank (PJS C) has announced an Open Offer aimed at acquiring shares from the public shareholders of RBL Bank Limited. The offer allows the Acquirer to acquire up to 415,586,443 fully-paid-up equity shares of the Target Company, representing 26.00% of its Expanded Voting Share Capital.The Open Offer was structured with a total consideration set at INR 117,353,299,774.34 (One hundred seventeen billion, three hundred fifty-three million, two hundred ninety-nine thousand, seven hundred seventy-four rupees thirty-four paise), payable in cash.The offer price was determined by the base Offer Price of INR 280 per Equity Share, supplemented by an...

Himadri Speciality Chemical Increases Stake in International Battery Company to 20.47% Himadri Speciality Chemical Ltd has reinforced its commitment to advanced battery technologies through a significant investment into International Battery Company, Inc. (IBC), a U.S.-headquartered developer and manufacturer of chemistry-agnostic prismatic Lithium-ion cells. The investment moves the company's stake in IBC from 17.29% to 20.47%.The increased financial commitment reflects the progress made over the past year within the partnership, confirming Himadri’s confidence in IBC’s technology platform and its growth trajectory.Through the latest investment of USD 0.66 million, Himadri has enhanced its total aggregated investment in IBC...

SBI-backed Auction: ₹16,900 Crore in State Government Securities Up For Grabs by RBI Massive Spectrum of State Securities Offered at RBI Auction The Reserve Bank of India (RBI) has announced a large-scale auction for various State Government Securities (SGS), totaling an aggregate face value of ₹16,900 Crore. This comprehensive offering includes stocks from nine states and several Union Territories, presenting diverse investment opportunities to eligible individuals and financial institutions.The auction encompasses securities ranging from re-issued bonds in specific states like Bihar, Chhattisgarh, Madhya Pradesh, and Tamil Nadu, to new issues across numerous state governments. The offerings are classified into both Price-based and...

District Court Directs Status Quo in Suit Over Ansal Properties' Pledged Shares Ansal Properties & Infrastructure Limited has taken legal action against several entities, seeking a court order to protect and restrain third-party claims over its promoter group's pledged equity shares. The Delhi District Court issued an injunction directing the defendants to maintain status quo concerning the collateral until further notice.The company filed a commercial civil suit against DMI Alternative Investment Fund, DMI Alternatives Private Limited, DMI Finance Private Limited, Vistra ITCL (India) Limited (Trustee), and Trait IT Park Private Limited. The lawsuit seeks both a decree for the rendition of accounts and a permanent injunction to...

Chennai Petroleum Corporation Granted Navratna Status by Government of India The Government of India has granted Navratna Status to Chennai Petroleum Corporation Limited (CPCL). The designation was conferred following a determination made by the Department of Public Enterprises (DPE).Chennai Petroleum Corporation Limited, which operates as a Group Company of IOCL and is an Enterprise of the Government of India, received the status grant. This decision by the DPE confirms CPCL's standing within its national structure.CHENNPETRO Stock Price Movement Shares of Chennai Petroleum Corporation Limited slipped today, settling at ₹1097.8 after shedding 1.86% in post-market trading. The stock traded a total volume of 817,851 shares during the...

Welspun Living Completes Extinguishment of 1.44 Crore Shares Following Buyback Welspun Living Limited has completed the extinguishment of equity shares following its buyback transaction, resulting in a reduction in its issued capital. The company confirmed the completion of the process after acquiring and canceling 1,44,00,000 fully paid-up equity shares.The buyback offer was open from May 29, 2026, to June 4, 2026. As part of this transaction, Welspun Living Limited extinguished the purchase of 1,44,00,000 Equity Shares. These shares were in dematerialized form and the total number of physical shares extinguished was Nil.The extinguishment of these shares led to a reduction in the company's issued capital. Prior to the buyback, the...

Bampsl Securities Ltd Board Approves Reappointment of Sachin Singhal as Independent Director Bampsl Securities Ltd has approved the re-appointment of Mr. Sachin Singhal to serve as an Independent Director for a second term. The decision was made by the company's Board of Directors during a meeting held on June 19, 2026.The Board resolution granted Mr. Sachin Singhal a two-term extension, effective from June 19, 2026. He is slated to serve for five consecutive years in this renewed capacity. The re-appointment of Mr. Singhal as an Independent Director remains subject to the approval of shareholders at the upcoming Annual General Meeting.In line with the Board's decision, Mr. Sachin Singhal has provided his consent to be re-appointed...

Goodluck Defence Subsidiary Secures Rs 255 Crore Order for Supply of 155mm Long Range Empty Shells Goodluck Defence and Aerospace Limited, a subsidiary of Goodluck India Limited, has secured a contract for the supply of 155mm long range empty shells in Ready to Fill Conditions. The order is valued at approximately Rs 255 Crores.The agreement details revolve around the manufacturing and delivery of these specified munitions. The subsidiary received the domestic contract, which falls under the Deliverable Base category. The successful execution of the order is contingent upon necessary approvals from a competent authority and a successful inspection by the end user.According to the contract terms, the supplies must be executed within...

Emirates NBD Releases Post-Offer Advertisement Details for RBL Bank Acquisition Emirates NBD Bank (PJS C) has issued a Post-offer Advertisement detailing its open offer to acquire equity shares of RBL Bank Limited. The offer provides shareholders with details regarding the acquisition, which represents 26.00% of the Expanded Voting Share Capital of RBL Bank.The Acquirer offered to purchase up to 415,586,443 fully-paid-up equity shares of face value INR 10/each from public shareholders. The offer price was set at INR 282.38 per share, which aggregated the Offer Price of INR 280 and an Applicable Interest of INR 2.38 per Equity Share.The total consideration for this acquisition, assuming full acceptance, amounted to INR...