Markets

Kamat Hotels Launches IRA by Orchid in Bhavnagar, Strengthening Footprint in Gujarat Kamat Hotels (India) Ltd. (KHIL), a long-standing pioneer in the Indian hospitality sector, has announced the grand opening of IRA by Orchid in Bhavnagar. This new property represents a significant expansion for KHIL and strengthens its presence within the rapidly growing IRA by Orchid brand in Gujarat.The newly opened hotel is a 50 key property operating under a Leased model. Strategically situated in ISCON Mega City, Bhavnagar, IRA by Orchid offers convenient access to major transit points, including the airport, railway station, commercial centers, and shopping destinations. Bhavnagar itself is noted as a prominent cultural and commercial...

Hindustan Petroleum Corporation Limited Announces Auction of Ground Support Equipment Assets Hindustan Petroleum Corporation Limited announced a public auction for several lots of ground support equipment intended for sale. The auction is scheduled for July 3rd, and interested parties are advised regarding the Earnest Money Deposit (EMD) and asset details provided in the announcement.The auction pertains to various assets within the ground support equipment category. The total value of the available assets was reported as Rs 350.319 million.The following table outlines the specific lots, EMD requirements, and estimated values:Asset DescriptionIDEarnest Money Incremental Deposit (EMD)ValueGround Support Tractor Eco...

Artemis Medicare Services Announces AGM Details and Final Dividend for FY 2025-26 Artemis Medicare Services Limited has announced key details regarding its upcoming 22nd Annual General Meeting (AGM), including the declaration of a final dividend for the financial year 2025-26. The company confirmed that the AGM is scheduled for Friday, July 31, 2026.The Final Dividend for FY 2025-26, as recommended by the Board of Directors, has been set at Re. 0.45 per Equity Share. Since the share face value is Re. 1/- each, this dividend represents 45%. The company specified that if this dividend receives approval from shareholders at the AGM, it will be paid within 30 days of the meeting date.The designated Record Date for the payment of this...

CARYSIL LIMITED Intimates Shareholders Regarding Unclaimed Dividends and Shares CARYSIL LIMITED has initiated a process to notify shareholders regarding dividends that have remained unclaimed for an extended period, stating that the intimations concern those whose dividends have been unpaid for seven consecutive years.The company has sent individual intimation letters to the concerned shareholders. These notices inform them of their entitlement to claim their unpaid or unclaimed dividends.Shareholders are mandated to take action and claim these dividends on or before October 15, 2026.CARYSIL LIMITED noted that failure to claim the corresponding shares and dividends by the specified deadline will result in the transfer of these...

GE Power India Limited Updates Contact Details of Key Managerial Personnel GE Power India Limited has provided updated contact details for its Key Managerial Personnel (KMPs) authorized to determine the materiality of company events and information. These updates are effective from June 19, 2026.The individuals designated as KMP include Mr. Puneet Bhatla, Managing Director, Mr. Vipul Sharma, Company Secretary and Compliance Officer, and Mr. Rahul Rojal, Chief Financial Officer. The updated contact details for these personnel have been made available to provide necessary information and records.Key contact information is summarized below:KMP NameRoleEmail IDPhone NumberMr. Puneet BhatlaManaging...

BGR Energy Systems Ltd Receives Adjournment Order in Insolvency Proceedings BGR Energy Systems Ltd has confirmed receipt of a copy of an adjournment order related to its ongoing insolvency matters. The company issued this update on June 19, 2026.The development follows an earlier intimation provided by the Company on June 15, 2026, regarding the status of the matter and awaiting the corresponding court order.The received adjournment order pertains to the suspension of NCLT order No.CP (IB)/58/7/AMR/2024 and Company Appeal (AT) (CH) (Ins) No. 252/2026, including IA Nos.697, 698, and 717/2026.BGRENERGY Stock Price Movement As of 3:10 PM, shares of BGR Energy Systems Limited are edging higher to ₹332.5, gaining 0.38% in live trading...

Axis Bank Board Meeting Scheduled to Approve Quarter Results; Trading Window Closed for Designated Persons Axis Bank Ltd has announced a meeting of its Board of Directors scheduled to review and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. The meeting is set for Saturday, July 18, 2026.The purpose of the board meeting includes considering and approving these quarterly results, which are subject to a limited review by the Bank’s Joint Statutory Auditors.Separately, Axis Bank confirmed that the trading window for its equity shares has been closed. This restriction applies to Designated Persons and their immediate relatives as part of the Bank's securities dealing code. The...

CyberTech Systems and Software Completes Buyback of 8.5 Lakh Shares, Enhances Post-Buyback Capital Structure CyberTech Systems and Software Ltd has concluded the buyback of up to 8,50,000 fully paid-up equity shares through a tender offer route, successfully utilizing the Stock Exchange Mechanism. The acquisition of these shares at a price of ₹170 per share resulted in an aggregate consideration not exceeding ₹14,45,00,000/-.The buyback was conducted from all existing shareholders/beneficial owners as of the record date, Friday, May 29, 2026. The tender offer window opened on Thursday, June 4, 2026, and closed on Wednesday, June 10, 2026, with the settlement completed by the Clearing Corporation on June 17, 2026.Key Outcomes of the...

Promoter Sells Shares in General Insurance Corporation of India in Offer For Sale The President of India, acting through the Ministry of Finance and Government of India, has sold equity shares in General Insurance Corporation of India (GIC). The sale was part of a comprehensive offer for sale (OFS) that involved two phases of selling to investors.The Offer For Sale (OFS) targeted both retail and non-retail investors. The base offer size consisted of up to 35,088,000 equity shares, representing 2.00% of the total paid up equity share capital of the company. An additional oversubscription option was available for an extra 52,632,000 Equity Shares, which represented 3.00% of the total issued and paid up equity share capital.In addition...

Hindustan Zinc Limited appoints Amarendu Prakash as Chief Executive Officer-Designate The Board of Directors of Hindustan Zinc Limited (HZL) has approved the appointment of Mr. Amarendu Prakash as the company's Chief Executive Officer-Designate, effective June 19, 2026. The decision was made following a recommendation from the Nomination and Remuneration Committee.Mr. Amarendu Prakash brings extensive experience to the role, having spent over three decades in the steel industry. His expertise spans strategic management, operations, project execution, technology, and industrial processes.Prior to taking on his role at HZL, Mr. Prakash served as the Chairman & Managing Director of SAIL (Steel Authority of India Limited). During his...

Alembic Pharma Secures Tentative USFDA Nod for Cancer Drug Generic, Targeting $259 Million Market Alembic Pharmaceuticals Ltd announced a significant regulatory milestone on Friday, revealing that it has received tentative approval from the U.S. Food & Drug Administration (USFDA) for its generic version of Binimetinib tablets. This crucial setback in the battle against cancer treatment generics solidifies Alembic's strong foothold in the specialized oncology space.The regulatory filing confirmed that the tentative approval pertains to the Abbreviated New Drug Application (ANDA) for Binimetinib tablets, 45 mg. The USFDA granted this provisional approval based on its paragraph IV certifications list, positioning Alembic as a primary...

Arfin India Receives Order Worth 300 Crores from JFE Shoji in Aluminium Supply Arfin India Limited has secured a significant contract with JFE Shoji India Private Limited (a domestic entity of JFE Shoji Corporation, Japan) for the supply of specialised aluminium products. The order encompasses various forms of refined aluminium required by the client and is valued at approximately 300 Crores INR, inclusive of GST.The contract mandates Arfin India to supply Aluminium Deox, which includes Primary Shots/Cubes, Secondary Aluminium Ingots, and Secondary Aluminium Wire Rods. This domestic transaction represents a substantial commitment to Arfin's production capabilities over the next couple of years.Details regarding this order have been...

Gold Plummets Near 2.5-Month Low as China Shifts to Discount Amid Volatility Indian Demand Muted by Price Correction and High Volatility Domestic gold demand remained modest in India this week, largely due to falling prices coupled with ongoing volatility. Prices dropped significantly, reaching a two-and-a-half month low.Dealers in India offered discounts of up to $54 an ounce above official domestic prices during the week. This figure is inclusive of the 15% import and 3% sales levies. This level of discount represents a widening compared to last week's offers, which ranged up to $35.A jeweller based in Ahmedabad noted that while the price correction was helping bring buyers back into the market, excessive volatility was causing...

Iran's Oil Potential Surges: Estimated $105 Billion Annually if Sanctions Ease Restoring Export Revenue: How Much Could Iran Earn from Oil? If Iran is allowed to fully resume its oil exports, it could generate approximately $105.4 billion annually. This projection is based on current crude prices of $82.52 per barrel and an estimated production capacity of 3.5 million barrels per day (bpd).At these levels, the daily revenue would amount to about $288.8 million. Comparing this to the pre-war oil price of $69.69 per barrel, the same production level could generate roughly $243.9 million per day, equating to nearly $89 billion annually.The Multi-Billion Dollar Opportunity: Transit Fees in Strait of Hormuz The revenue potential grows...

Reliance Jio’s 5G Surges Past 268 Million Users; Ambani Unveils Plan to “Connect India from the Skies” Reliance Jio has achieved a significant milestone in its consumer connectivity vertical, with its 5G subscriber base crossing 268 million. Akash Ambani confirmed this progress during Reliance Industries' 49th Annual General Meeting on Friday. This achievement makes Jio the largest operator of a single telecom network outside China.The company reported that it added 77 million net 5G subscribers over the past year. Looking ahead, the organization has set an ambitious goal to migrate all its users onto 5G technology by 2030.Rapid Expansion of Jio’s Digital Ecosystem Jio is rapidly expanding beyond mobile connectivity through advanced...

Bandhan Bank Surges FCNR(B) Rates to 7.1% in Response to RBI's Forex Swap Move Bandhan Bank Boosts Interest Rates for NRI Customers Private sector lender Bandhan Bank has increased the interest rates on Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits targeted at non-resident Indian customers. The move was announced on Friday, June 19.The revision aims to provide competitive returns and stability for NRIs looking at overseas investments. This strategic increase comes following the Reserve Bank of India's (RBI) recent decision regarding a USD-Rupee forex swap facility.FCNR(B) Deposit Rate Structure Details The increased rates vary depending on the deposit amount. For US dollar-denominated FCNR(B) deposits of $1 million and...

Global Streaming Powerhouse: Akash Ambani Reveals JioHotstar's Massive 451M MAU Scale Reliance JioHotstar Reaches "Largest in World" Scale with 451 Million Monthly Active Users Reliance Jio Infocomm Limited (RJIL) confirmed its dominant position in the digital entertainment space. Akash Ambani, Chairman of RJIL, announced that JioHotstar recorded a formidable 451 million monthly active users (MAUs) during Fiscal Year 2026 (FY26).Speaking at the 49th Annual General Meeting (AGM) of Reliance Industries Limited, Ambani emphasized the platform's immense scale. He stated that Jio Hotstar has attained a footprint "amongst the largest in the world" and holds the top position within India.The reported figure underscores the platform's...

Deccan Gold Receives ASSOCHAM Award for Mineral Discovery at Chhattisgarh Project Deccan Gold Mines Limited has been recognized with a runner-up award from the Associated Chambers of Commerce & Industry of India (ASSOCHAM). The award, categorized under 'Excellence in Mineral Discovery and Exploration,' was granted for the company's discovery of nickel, copper, and PGE mineralisation at its Bhalukona Project located in Chhattisgarh.The operational progress at the Bhalukona site has seen six exploration holes drilled to date. Five of these drill holes have intersected potentially economic Ni-Cu-PGE mineralisation. Should continued exploration efforts be successful, Deccan Gold is optimistic that the Bhalukona project could evolve into...

KPI Green Energy Ltd Incorporates Wholly Owned Subsidiary to Expand into Renewable Energy Sector KPI Green Energy Limited has established a new subsidiary, KPGC One Private Limited, marking a strategic expansion in the renewable energy sector. The incorporation of this wholly owned entity was completed on June 18, 2026.KPGC One Private Limited operates within the Renewable Energy industry and was incorporated as a private company registered with the Registrar of Companies in Ahmedabad. KPI Green Energy Limited holds 100% shareholding of KPGCO.The subsidiary's primary objects are focused on comprehensive energy management, including generating, storing, transmitting, distributing, purchasing, selling, and supplying electricity and...

Dr. Reddy's Laboratories Allots 6,730 Equity Shares Following Stock Option Exercise Dr. Reddy's Laboratories Limited announced the allotment of equity shares totaling 6,730 following the exercise of stock options under its employee schemes. The shares were allotted on June 19, 2026, and are fully paid up at a par value of Re. 1/- each.The allotment was made to eligible employees pursuant to the exercise of their Stock Options under two distinct plans: Dr. Reddy's Employees Stock Options Scheme, 2002, and Dr. Reddy's Employees ADR Stock Options Scheme, 2007.This issuance contributes to the company’s total issued share capital as recorded on the allotment date. The details concerning the shares allotted and the resulting capital...