Markets

State Governments Offer ₹16,900 Crore in Securities Through RBI Auction The Reserve Bank of India (RBI) has announced an auction for various State Government Securities (SGS), offering a total face value amounting to ₹16,900 Crore. The securities offer opportunities across multiple states, ranging from Bihar and Chhattisgarh to Kerala and Tamil Nadu.The stocks are being offered through the RBI Core Banking Solution (E-Kuber) system. The auction is scheduled for June 23, 2026, with results expected on the same day. Successful bidders will receive payment during banking hours on June 24, 2026.The offerings encompass both competitive and non-competitive bidding options. Eligible individuals and institutions will be allotted up to ten...

Karur Vysya Bank Revises MCLR Base Rate and BPLR Effective June 22, 2026 Karur Vysya Bank Limited has announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR), the Base Rate, and the Bank Prime Lending Rate (BPLR). These rate changes will be effective from June 22, 2026.The bank provided details of the revised rates across several categories, including different maturities for MCLR. The revised MCLR rates are as follows:Nature of ROIExisting RateRevised RateOvernight MCLR8.65%8.75%One-month MCLR8.55%8.65%Three-month MCLR8.85%8.95%Six-month MCLR9.00%9.10%One-year MCLR9.15%9.25%In addition to the MCLR revisions, the Bank also updated its Base Rate, which saw an increase from 10.50% to 11.00%...

Central Depository Services Appoints Nayana Ovalekar as Executive Director for Vertical 2 The Governing Board of Central Depository Services (CDSL) Limited approved the appointment of Smt. Nayana Ovalekar as Executive Director for Vertical 2. The decision, ratified on June 19, 2026, names her to oversee Regulatory, Compliance, Risk Management, and Investor Grievances functions within the organization.Smt. Ovalekar will hold the position of Executive Director for Vertical 2 for a term spanning five years. Her appointment is effective from June 19, 2026, until June 18, 2031, subject to Shareholder ratification.In addition to her new role, the Board approved that Smt. Ovalekar shall continue in her existing capacity as Chief Regulatory...

Zydus Lifesciences Extinguishes 87 Lakh Equity Shares Bought Back in Tender Offer Zydus Lifesciences Ltd has completed the extinguishment of a significant number of equity shares bought back through a tender offer, reducing its fully paid-up share capital following the corporate action. The Company confirmed that 87,30,158 Equity Shares had been extinguished, which were in dematerialized form.The buyback operation involved Zydus Lifesciences with shareholders at a specified price. A total of 87,30,158 Equity Shares, each having a face value of INR 1, were bought back at a price of INR 1,260 per share. The aggregate amount for this buyback did not exceed INR 1100,00,00,000.The extinguishment was completed in compliance with relevant...

Amwill Health Care Ltd Approves Strategic Investments in Credit Fund and Government Securities Amwill Health Care Ltd has announced decisions regarding two strategic investments approved by its Investment Committee, sourced from the company's internal accruals. The investments are targeted at bolstering financial growth and supporting long-term operational objectives.The company plans to invest up to INR 3,00,00,000 in subscribing to the Units of MO Alternates India Credit Excellence Fund -I (Category II AIF). This initiative is anticipated to contribute positively towards the company's overall financial growth and its ongoing operational goals.In addition, Amwill Health Care Ltd has approved an investment limit of up to INR...

GP Eco Solutions India Secures 5.00 MW Solar Power Project Through PPA with MPPMCL GP Eco Solutions India Limited has marked a significant milestone in its renewable energy portfolio by executing a Power Purchase Agreement (PPA) with M.P. Power Management Company Limited (MPPMCL). The agreement pertains to the development and operation of a 5.00 MW solar power project located at Prithvipur/Niwari in Madhya Pradesh, India.This contract solidifies GP Eco Solutions India’s presence within the solar energy sector by securing a domestic PPA under the Surya Mitra Krishi Feeder Yojana.The Power Purchase Agreement outlines the terms for the 5.00 MW Solar Power Project at Prithvipur/Niwari, Madhya Pradesh. The details of the transaction are...

Callista Industries Receives In-Principle Approval for Preferential Issue of Convertible Warrants and Equity Shares Callista Industries Ltd has received in-principle approval from BSE Limited regarding the offer and issuance of convertible warrants and equity shares through a preferential issue. This approval enables the company to move forward with the proposed capital raising mechanism involving promoter and non-promoter categories.The preferential issue involves two components: 21,250,000 convertible warrants and 56,50,000 equity shares. Both the warrants and the equity shares are set at an issue price of Rs. 10/- per unit, with a face value of Rs. 10/- each.The in-principle approval granted by BSE Limited pertains to the...

Subsidiary Faces Drug License Suspension in Telangana; Potential Revenue Loss Cited Medplus Health Services Ltd's subsidiary, Optival Health Solutions Private Limited, has received an order suspending a drug license for one of its stores located in Telangana. The action taken by the regulatory authority details the suspension and potential financial implications for the company as reported on June 19, 2026.The suspension relates to a store situated at Saleemnagar Malakpet, Telangana, issued by the Assistant Director, Drugs Control Administration, Secunderabad.Key details regarding the licensing action are summarized below:AuthorityAction TakenDate of ReceiptViolation AllegedImpactAssistant Director, Drugs Control...

Univastu India Approves Preferential Issue of Warrants Worth Up To INR 16 Crore The Board of Directors of Univastu India Limited approved the creation and offer of warrants through a preferential issue on June 19, 2026. The move is set to raise up to INR 16,00,22,493/- by issuing a maximum of 18,39,339 warrants.The Board resolution approved the issuance of these fully convertible Warrants to persons belonging to the Promoter and Promoters Group Category and the Non-promoter Public Category. The Warrants are denominated at a face value of INR 10/- and were issued at an issue price of INR 87/- per warrant, representing a premium of INR 77/-.The payment structure for the warrants specifies that an amount equivalent to 25% of the Per...

Oberoi Realty Limited Announces Cessation of Senior Management Personnel Oberoi Realty Limited has announced the resignation of Ms. Priti Thakur from her senior management post. She resigned as Assistant Vice President - Customer Service, with June 19, 2026, noted as the date of cessation.Ms. Thakur tendered her resignation for better prospects. The details provided confirm that she held the role of Assistant Vice President - Customer Service within the company.OBEROIRLTY Stock Price Movement Oberoi Realty Limited shares settled today after shedding 0.34%, closing at ₹1683.5 in post-market trading. The stock activity saw a volume of 168,755 shares change hands during its session.

Jio Platforms Targets $4 Billion IPO: Reliance Files for India’s Largest-Ever Equity Offering Jio Platforms, the powerhouse digital arm of Reliance Industries, has officially filed a draft red herring prospectus (DRHP) with SEBI for an Initial Public Offering (IPO). The offering is touted by the company as being poised to be the largest in Indian history.The primary aim of this massive listing is debt repayment and strengthening the balance sheet. This strategically focused transaction marks a significant move towards greater transparency and capital optimization for the digital giant.Overview of the Jio Platforms IPO Structure The offering involves a fresh issue of 270 million equity shares, which constitutes approximately 2.9 per...

Ministry Approves Change in Largest Indian Shareholder of Entertainment Network The Ministry of Information and Broadcasting (MIB) has approved a significant change regarding the largest Indian shareholder of Entertainment Network (India) Limited (ENIL). The approval confirms the transfer of this designation from Bennett Coleman and Company Limited (BCCL) to Times Horizon Private Limited (THPL).According to documents released on June 19, 2026, the MIB's competent authority approved the request for changing the Largest Indian Shareholder of the company. This decision follows an application filed by ENIL regarding the ownership structure.The change in shareholder status is part of a reorganisation process involving BCCL and THPL...

South Indian Bank Boosts FCNR Deposit Rate to 6.5% After RBI Forex Swap Window Opens Banks Leverage RBI Forex Swap Facility for FCNR (B) Deposits South Indian Bank has significantly increased the interest rate on US dollar deposits under the Foreign Currency Non-Resident (Bank) or FCNR(B) segment. The bank announced that it has revised the deposit rate to 6.5 per cent per annum. This enhanced offer is specifically designed for tenures lasting three to five years.The increase comes as a direct response to the Reserve Bank of India's (RBI) introduction of a USD/INR forex swap facility. This facility directly benefits banks that mobilize fresh FCNR(B) deposits. The RBI's scheme allows these institutions to manage currency risks while...

Gold Price Plunges Amid Fed Hawkish Tone as US Dollar Strengthens; Precious Metals Trade Lower Global bullion markets witnessed subdued trading on June 19, as precious metals traded lower amid continued pressure from the Federal Reserve’s unchanged interest rate stance. The hawkish commentary from the Fed significantly strengthened the US dollar, dampening sentiment and reducing the appeal of non-yielding assets like gold. This shift prompted broad profit booking across bullion markets despite underlying structural support in the commodities.Precious Metals See Intraday Decline Amid Dollar Strength Domestic spot gold on MCX stood at ₹1,44,838 per 10 grams of 24-karat purity as of 13:57 IST, showing a decline of nearly ₹3,000 in a...

AG Ventures Ltd Announces Resignation of Chief Financial Officer AG Ventures Limited, formerly Oriental Carbon and Chemicals Limited, has announced that Mr. Aman Abhishek has resigned from his position as Chief Financial Officer (CFO).The company confirmed that Mr. Aman Abhishek will be relieved from his duties effective from the closing of business hours on 19 June 2026.Mr. Abhishek tendered his resignation to pursue career opportunities outside the organization. The management acknowledged his departure and expressed gratitude for the opportunities and experience gained during his tenure with AG Ventures Limited.Stock Price Movement AG Ventures Ltd. shares settled at ₹124.75 after today's trading, reflecting a decline of 2.58%...

Mega Institutional Bet: SBI Funds Management Snaps Up Stake in Knowledge Marine as Promoters Reduce Holdings The corporate investment landscape saw significant movements on June 19th, highlighted by a major block deal where SBI Funds Management acquired a substantial stake in Knowledge Marine & Engineering Works Limited. This transaction marks a notable instance of institutional capital flow into the company amidst promoter divestment.Major Institutional Transactions and Promoter Divestment SBI Funds Management successfully executed a block deal, purchasing 4 lakh shares of Knowledge Marine & Engineering Works Limited. The acquisition was valued at approximately Rs 78.5 crore, with SBI Funds Management paying ₹1,963.17 per share. This...

SEBI Signals No Replacement of Short-Term Derivatives as Regulator Seeks Market Structure Enhancements Securities and Exchange Board of India (SEBI) Chairperson Tuhin Kanta Pandey has provided clarity on the future direction of derivatives products, stating that the regulator is examining how short-term and longer-term contracts can coexist within a robust market framework. Speaking at a SEBI board meeting press conference on June 19, he emphasized that the focus is not on substitution but on design and incentive structures to support comprehensive market development.Pandey clarified that there should be "all kinds of products in the market," with the critical question being how their structure and relative incentive systems should be...

Bharat Forge Secures ₹425 Crore Contract with Ministry of Defence for Indian Navy Gas Turbine Generators Bharat Forge Limited (BFL) has secured a significant contract valued at ₹425 Crore from the Ministry of Defence (MoD). The agreement mandates the supply of Gas Turbine Generators (GTGs) to the Indian Navy (IN), designated for onboard power generation duties on Kolkata class ships.The contract is scheduled to be executed over a period of five years. These new GTGs, rated at 1.25 MW, will replace existing lower capacity units currently operating on these naval vessels.Strategic Impact and CapabilitiesAwarded under the Buy (Indian) category of the Defence Acquisition Procedure 2020 (DAP-2020), this contract marks a major step for...

Passenger Vehicle Market Set for Solid Rally: Analysts Project 4-6% Growth Driven by Affordability and Utility Demand Passenger vehicle sales are projected to experience a steady growth trajectory, forecasting an increase of 4-6 per cent in the upcoming fiscal year. This outlook is primarily attributed to sustained consumer demand momentum, improved affordability following GST rate cuts, and growing traction within the utility vehicle segment. The report by ratings agency Icra details these trends as key indicators for the automotive sector.Last Fiscal's Robust Sales Performance The previous fiscal year witnessed extremely strong growth across wholesale and retail segments. Passenger vehicle wholesale volumes recorded a substantial 27...

RBI Finalizes Revised Kisan Credit Card (KCC) Scheme Directions After Stakeholder Feedback The Reserve Bank of India (RBI) has released the final Directions governing the Revised Kisan Credit Card (KCC) Scheme for the financial year 2026-2027. This crucial regulatory issuance provides clear guidelines to various banking institutions regarding agricultural lending practices across India.RBI Issues Final Directions for Kisan Credit Card Scheme The RBI today issued the definitive directions, following a process that began with a draft release on February 12, 2026. The finalization ensures clarity and uniformity in the implementation of KCC schemes by all regulated financial entities.These instructions are vital for supporting the...