Markets

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...

Two-Wheeler Industry Outlook: ICRA Forecasts Moderate 3-5% Growth in FY27 Amid Base Effect and El Niño Risks Sector Resilience Despite Hurdles The Indian two-wheeler industry is projected to experience moderate wholesale volume growth of 3-5 per cent in Financial Year (FY)27, according to the latest analysis by ratings agency ICRA. While challenges are noted, the sector continues to demonstrate significant resilience.ICRA highlighted that improving domestic demand and healthy retail momentum are key support pillars for the industry. Furthermore, sustained export growth is expected to bolster the overall market performance in coming years.The anticipated growth trajectory remains positively influenced by improved affordability...

FIIs Post Massive Buying Surge Amid Market Selloff as DIIs Turn Net Sellers Indian equity markets experienced a sharp selloff on June 19, characterized by mixed institutional flows and ongoing global economic concerns. While the benchmark indices saw declines driven primarily by tech sector weakness, foreign institutional investors (FIIs) registered significant net buying for the day.Market Indices Tumble as Tech Sector Weakens The Sensex declined by 607 points, falling 0.78 percent to close at 76,802.90. Similarly, the Nifty50 slipped 154.90 points or 0.64 percent, settling at 24,013.10. The overall decline was principally driven by selling activity in information technology stocks.The downturn intensified after global IT services...

THEKARURVYSABANKLIMITED Revisions MCLR, Base Rate and BPLR Rates THEKARURVYSABANKLIMITED has announced revisions to its Marginal Cost of Funds Based Lending Rates (MCLR), Base Rate, and Bank Prime Lending Rate (BPLR). These updated rates will be effective starting June 22, 2026.The bank provided detailed data on the revised lending rates across different categories as part of this revision.MCLR Rate Revisions The revisions to the Marginal Cost of Funds Based Lending Rates (MCLR) include changes for Overnight, One-month, Three-month, Six-month, and One-year periods:Nature of ROIExistingRevisedOvernight 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%...

Massive Job Creation Push: PM Modi Unleashes ₹2,400 Crore via PM-VBRY, Recognizing Workers as Nation Builders Prime Minister Narendra Modi today disbursed incentives totaling approximately ₹2,400 crore under the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY). The special program, held at Vigyan Bhawan in New Delhi, underscores the government's commitment to formally empowering first-time employees and building a strong bridge between industry and the youth workforce.The initiative, which has been operational since August 1, 2025, is designed not merely as an employment scheme but as a robust framework strengthening the professional aspirations of young Indians. The Prime Minister emphasized that PM-VBRY simultaneously supports...

Patil Automation Secures ₹9.03 Crore Order for Spot Welding Line from Tier-1 Auto Customer Patil Automation Limited has announced a significant contract win, securing an order valued at Rs. 9.03 crores from a leading domestic Tier-1 automotive customer. The project involves the complete design, manufacturing, supply, installation, and commissioning of a specialized Spot Welding Line for Automotive Manufacturing.The deal underscores Patil Automation's growing presence in the specialized field of automotive automation solutions. The order is set to be executed by September 30, 2026.This contract reflects the confidence major automotive players have in the engineering capabilities and execution expertise offered by the company. As...

Vertoz Limited Files Patent Application for Cohort-Based Machine Learning Technology Vertoz Limited has filed a strategic patent application in India, reinforcing its commitment to advancing proprietary technology and expanding its intellectual property portfolio. The filing, made on 19th June 2026, targets critical advancements in supply-side platform operations.The patent application is titled: "METHOD AND SYSTEM FOR SUPPLY-SIDE PLATFORM AUCTION REQUESTS DECISIONING USING COHORT-BASED MACHINE LEARNING."This strategic move underscores Vertoz’s focus on innovation and long-term growth. The filing aims to reinforce the company's capability in enabling intelligent decision-making for supply-side platform auction requests. By utilizing...

VA Tech Wabag Obtains Favourable Rectification Order from GST Authorities; Demand Reduced VA Tech Wabag Limited has received a favourable rectification order from the GST authorities concerning an excess Input Tax Credit (ITC) claim pertaining to the financial year 2019-20. The resolution reduces the original demand significantly, which is set to be discharged by the company.The matter arose following a GST demand order issued by the Office of the Deputy Commissioner, GST Commissionerate, Uttar Pradesh, based on an allegation of excess ITC claim under Section 74 of the CGST Act. Initially, the GST demand stood at INR 43,73,666/-.On June 19, 2026, the company obtained a rectification order from the said authorities, which resulted in...

GSPL Transmission Limited Fixes Record Date as Composite Scheme of Amalgamation Advances Gujarat Energy Limited has announced that it, along with other entities involved in a major amalgamation scheme, has set the Record Date 3 for its shareholders regarding the allotment of shares in GSPL Transmission Limited. The composite arrangement involves several state-level corporations and is designed to effect an amalgamation among the concerned parties.The Scheme encompasses Gujarat State Petroleum Corporation Limited (Transferor Company 1), Gujarat State Petronet Limited (Transferor Company 2), GSPC Energy Limited (Transferor Company 3), Gujarat Gas Limited (now operating as Gujarat Energy Limited, the Transferee Company), and GSPL...

HyperNext Orders 192 MW of Optiprime Power Systems from Kirloskar Oil Engines Limited Pune: Kirloskar Oil Engines Limited (KOEL), a leading manufacturer of power generation solutions in India, has secured a significant order from HyperNext, a next-generation digital infrastructure company. The deal involves the supply of KOEL's 2500 kVA Optiprime™ Dual Core power systems for use in large-scale data center infrastructure.The comprehensive order totals 192 MW and includes 96 units of KOEL’s advanced Optiprime™ systems. This deployment is noted as one of the largest engagements involving high-capacity power systems specifically for hyperscale data centers within India, reinforcing KOEL's commitment to supporting resilient digital...

GP Eco Solutions Secures 10.00 MW Solar Project through PPA with MPPMCL GP Eco Solutions India Limited has executed a significant Power Purchase Agreement (PPA) aimed at developing and operating a 10.00 MW Solar Power Project in Madhya Pradesh. The agreement was signed with M.P. Power Management Company Limited (MPPMCL).The project is set to be developed at Mrigwas, District Guna, Madhya Pradesh, under the framework of the Surya Mitra Krishi Feeder Yojana. This strategic PPA strengthens GP Eco Solutions' renewable energy portfolio and reinforces the company's commitment to sustainable energy development.Details regarding this contract, which involves a domestic entity, are summarized below:AspectDetailsContracting EntityM.P...

Euro India Fresh Foods Limited Approves Capital Increase and Major Preferential Allotments Euro India Fresh Foods Limited has approved several significant capital market transactions following its Board of Directors meeting held on June 19, 2026. The decisions include a planned increase in authorized share capital alongside the intention to issue equity shares and fully convertible warrants via preferential allotment.The company decided to alter its capital structure by increasing the Authorized Share Capital. Previously, the Authorized Share Capital stood at Rs. 25,00,00,000, divided into 2,50,00,000 Equity Shares of Rs. 10/- each. The Board approved raising this authorized capital to Rs. 30,00,00,000, which will be represented by...

Everest Industries Limited Announces Chief Human Resources Officer Resignation Everest Industries Limited has announced a change in its senior management team following the resignation of its Chief Human Resources Officer (CHRO). Mr. Vaibhav Garg resigned from his position as CHRO, effective as of the closing hours on July 31, 2026.Mr. Garg tendered his resignation to pursue career opportunities outside Everest Industries Limited. In his letter, he thanked the Board for the support provided during his tenure and wished all success to the company in the future.The departure represents a change in senior management personnel at Everest Industries Limited.EVERESTIND Stock Price Movement Everest Industries Limited slipped by 1.45% in...

Divgi TTS Secures Strategic Order for All-Wheel Drive System from Leading Indian OEM Customer Divgi TorqTransfer Systems Limited, a prominent supplier in automotive drivetrain systems and components, has announced that it has secured a strategic order from an existing leading Indian Original Equipment Manufacturer (OEM). The contract involves supplying specialized components critical to the development of the OEM's upcoming All-Wheel Drive (AWD) variants.Under the terms of the program, Divgi TTS will be responsible for delivering fully integrated drivetrain solutions, including Interactive Torque Management (ITM) Assemblies, Electronic Control Units (ECU), and Power Transfer Unit (PTU) Assemblies. These components are intended for the...

India Ratings Affirms 'IND AA(CE)/Stable' Rating for Barmer Lignite Mining Company Limited India Ratings and Research (Ind-Ra) has affirmed the credit rating for the bank loan facilities of Barmer Lignite Mining Company Limited. The company maintains a strong financial profile, backed by its relationship with JSW Energy.According to Ind-Ra’s release dated June 19, 2026, the rating for the bank loan facilities stood at 'IND AA(CE)/Stable'. This affirmation covers Barmer Lignite Mining Company Limited, which operates as a Joint Venture of JSW Energy (Barmer) Limited.Barmer Lignite Mining Company Limited is a wholly owned subsidiary of JSW Energy Limited, ensuring operational oversight and stability for its financing structure. The...