Markets

Delhivery Launches Delhivery Maps: India's First AI-Native Suite for Commercial Logistics Telemetry GURUGRAM, INDIA - June 19, 2026: On the occasion of its 15th anniversary, Delhivery, one of India's largest logistics services providers, announced the commercial launch of Delhivery Maps. This proprietary, AI-native suite of geospatial APIs is specifically designed to navigate and solve the complexities of India's unique address landscape. The platform, which was initially developed as core infrastructure for Delhivery’s entire nationwide network, is now available to external enterprises, developers, and gig-economy platforms.The launch positions Delhivery as a commercial geospatial infrastructure provider, fulfilling an operational...

Jio IPO Set to Surge as Reliance Approves Massive Fresh Issue of 27 Crore Shares Reliance Industries Ltd (RIL) announced a major step in its digital subsidiary's fundraising journey, confirming that Jio Platforms Limited has received board approval for a substantial Initial Public Offering (IPO). The company is planning to issue up to 27 crore new equity shares of face value Rs 10 each. This move marks a crucial phase in the IPO process following the Annual General Meeting held on June 19.Key Details of Jio Platforms' Proposed IPO As detailed in the stock exchange filing, the Board of Directors of Jio Platforms Limited (JPL) has approved the Draft Red Herring Prospectus (DRHP). This document is slated to be filed with regulatory...

Indo Farm Equipment Confirms No Price-Sensitive Information Requiring Disclosure Indo Farm Equipment Ltd has issued a statement addressing a clarification request regarding volume movement of its securities. The company confirmed that there is currently no undisclosed or price-sensitive information that requires notification to the exchange at this point in time.The response clarified that there are neither any impending announcements nor corporate actions concerning the company that necessitate immediate disclosure to the stock exchanges.INDOFARM Stock Price Movement Shares of Indo Farm Equipment Limited are edging higher to ₹149 as of 2:38 PM today, rallying sharply after gaining 5.92% in live trading. The stock has seen robust...

Wipro Allocates Equity Shares Under Various Employee Incentive Schemes Wipro Limited announced the allotment of a significant number of equity shares on June 19, 2026, following the exercise of Employee Stock Options (ESOPs). The allotments were made across three distinct employee incentive plans.The company allocated shares totaling 73,450 under the ADS Restricted Stock Unit Plan 2004. A total of 2,71,068 equity shares were allotted under the Restricted Stock Unit Plan 2007. Furthermore, an allotment of 1,92,974 equity shares was registered under the Employee Stock Options, Performance Stock Unit and Restricted Stock Unit Scheme 2024, which included ADSs and RSUs.The specific details of the share allotments made on June 19, 2026...

Arbitration Initiated Against Apollo Finvest India Ltd; Claimant Asserts INR 6 Crore Claim Apollo Finvest India Ltd is facing arbitration proceedings initiated by M/s. Psi Phi Global Solutions Private Limited regarding a Master Service Agreement. The dispute centers on services provided under an agreement signed between the two entities.The Claimant, M/s. Psi Phi Global Solutions Private Limited, has filed the matter before the Hon'ble High Court of Judicature at Bombay. These arbitration proceedings stem from a Master Service Agreement, along with subsequent addenda, that was entered into on December 1, 2022.M/s. Psi Phi Global Solutions Private Limited has asserted claims against Apollo Finvest India Ltd aggregating to INR...

'Tough Times Never Last': Mukesh Ambani Urges National Mission in AI and Energy Self-Reliance at Reliance AGM 2026 On Friday, Reliance Industries Chairman and Managing Director Mukesh Dhirubhai Ambani delivered a powerful message at the company's Annual General Meeting (AGM) 2026. Amid growing global uncertainties, Ambani strongly emphasized the necessity of accelerating India’s journey toward self-reliance across critical sectors. He stated that energy independence and technological self-sufficiency must become national missions to secure the nation's future development.Ambani addressed the volatility of recent years, noting that the last six years have been among the most uncertain periods witnessed globally in several decades...

Mukesh Ambani Demands AI Self-Reliance: Reliance Pledges Mega Bets to Make India the Global Creator of Technology reliance Industries Chairman and Managing Director Mukesh Ambani has laid out an ambitious vision for the nation's technological trajectory, asserting that India must move beyond being a consumer of artificial intelligence. Speaking at the company's 49th annual general meeting, Ambani stressed that AI self-sufficiency and energy independence should be designated as critical national missions for India.Ambani stated firmly that India cannot afford to remain merely a recipient of AI technology developed abroad. He asserted that the nation must evolve into a global leader, adopter, and creator within the domain of artificial...

LTM Named a Leader in Avasant's Oracle Cloud ERP Services 2026 RadarView™ LTM, recognized as a Business Creativity partner to global enterprises, has been designated as a Leader in Avasant's Oracle Cloud ERP Services 2026 RadarView™. This global assessment evaluates providers specializing in large-scale Oracle Cloud ERP transformation.The report assessed various firms based on their practice maturity and future readiness across critical areas including advisory, implementation, migration, integration, and managed services. The designation highlights LTM’s capability to drive enterprise-wide modernization within Oracle Cloud ERP environments. This includes the transformation of core business functions such as finance, procurement...

BSE Launches Saatvik 100 Index: Ethical Investing Gains Formal Benchmark Status for Indian Markets The rise of value-based investing gained a significant milestone with the launch of the BSE Saatvik 100 Index. The introduction of this index provides a formalized benchmark, signaling a growing maturity in ethical investment practices across India. This move is particularly notable as it aligns market indices with deeply held spiritual and moral principles.The Wealth Company Mutual Fund has enthusiastically welcomed the BSE Saatvik 100 Index, stating that its methodology closely reflects the core ethos of its own Ethical Fund. The fund house conducted a thorough review of the index's composition and standards. They concluded that the...

Jio Platforms Set for Historic Listing: Reliance CEO Promises 'Next Generation of Value Creation' with DRHP Filing Reliance Industries Chairman and MD Mukesh Ambani has announced a massive milestone, confirming that the Board of Jio Platforms has approved its Draft Red Herring Prospectus (DRHP). The filing is set to be submitted to SEBI today, marking a critical step toward one of India’s most anticipated mega-IPOs.Speaking during RIL’s 49th Annual General Meeting, Ambani emphasized that the listing of Jio Platforms is more than just a financial event. He stated that it will prove globally that Indian entities can build technology companies possessing global scale, capability, and value.The Vision: Driving India's Digital...

Panama Petrochem Clarifies Share Volume Surge Citing Full Disclosure Compliance Panama Petrochem Limited addressed recent inquiries concerning a surge in the volume of its equity shares, stating that all information relevant to the company’s performance and operations has been consistently disseminated to the stock exchanges. The clarification pertains to the equity bearing Scrip Code 524820.The company affirmed that the increase in trading volume is based on investors' perceptions stemming from the material information that has already been shared with the exchanges. Furthermore, Petrochem asserted that it has not withheld any significant material event or information that could impact the price or volume movement of its stock.In...

Waterways Leisure Defends Premium IPO Valuation, Citing Vast Untapped Potential in India's Cruise Tourism Market Waterways Leisure Tourism, the operator behind the Cordelia Cruises brand, is aggressively defending the premium valuation of its upcoming Initial Public Offering (IPO). The company views the offering not as a reflection of current earnings, but as a calculated play on the immense, yet largely underpenetrated, cruise tourism market in India. Management argues that investors must look past short-term performance and focus squarely on the long-term growth trajectory of the domestic travel sector.Navigating Valuation Concerns Amid Market Skepticism The IPO is being offered with a price band ranging from Rs 769 to Rs 808 per...

Procter & Gamble Hygiene and Health Care Limited Shareholding Changes as Promoter Group Company Acquires Shares Procter & Gamble Hygiene and Health Care Limited reported a change in its shareholder composition, noting that one of its promoter group entities acquired equity shares from another promoter entity. The transaction was completed on June 18, 2026.The acquisition involved Procter & Gamble Home Products Private Limited (PGHPPL), which purchased the shares from Temple Trees Impex and Investment Pvt Ltd (TTIPL). This transfer is part of the internal movement within the company's promoter group structure.According to transaction details filed, PGHPPL acquired 6,19,683 equity shares from TTIPL. These shares represent 1.91% of the...

Precious Metals Plunge: Gold and Silver ETFs Face Steep Selloff as Global Markets Brace for Fed Signals Precious metal trading saw a consistent slide on Friday, with both gold and silver futures experiencing significant selling pressure. This weakness comes as precious metals continue a trend of declining prices. The bullion markets were weighed down by strength in the US dollar and hawkish signals emanating from the Federal Reserve.Precious Metals Face Selloff Amid Strong Dollar Trend Spot gold experienced a notable dip, trading at $4,121.95 per ounce, which registered a 2.1% decline as of 0508 GMT. This drop marks its lowest level since June 11. The contract for gold was down 3.8% so far this week.The rise in the US dollar made...

Turtlemint Fintech IPO Subscribes 14% on Day One; GMP Signals Cautious Listing Gains Ahead of June 29 Debut The Turtlemint Fintech Solutions Initial Public Offering (IPO) has received initial traction, securing a 14 percent subscription on the first day of its share sale. This early performance offers insight into market interest in the specialized fintech player before it officially lists on exchanges on June 29.Qualified Institutional Buyers (QIBs) responded strongly to the offer, with their portion being subscribed at 21 percent. The retail investor category followed closely behind, showing sustained interest with a 19 percent subscription rate as of data available from the National Stock Exchange (NSE) up until 1:50 pm.IPO...

Lake Shore Realty Reports Financial Results as It Transitions from Food Manufacturing to Real Estate Projects Lake Shore Realty Limited, formerly Mahaan Foods Limited, has released its 39th Annual Report alongside its audited financial statements for the fiscal year ending March 31, 2026. The results reflect a major operational transition for the company, which is now focused on real estate and infrastructure development.The company reported Total Revenue of 131.46 in the current year compared to 135.80 in the previous fiscal year (FY 2024-25). The Net Profit/(Loss) for FY 2025-26 was recorded at 16.41, down from 72.85 in FY 2024-25.Financial Highlights and Performance The audited financial statements provide a detailed look into...

Panama Petrochem Ltd clarifies volume surge, attributes stock movement to investor perception Panama Petrochem Ltd has addressed concerns regarding a recent spurt in trading volume for its equity shares. The company clarified that it has maintained transparency by regularly sharing all material and price sensitive information pertaining to the company's operations with relevant stock exchanges.The management stated that they have not withheld any material information or events that could influence the price or volume behavior of their equity shares.In response to inquiries regarding market movement, Panama Petrochem Ltd clarified that the increase in volume for its equity shares is purely reflective of investors' perceptions based...

NINtec Adds €1.10 Million Engagement in Nordic Region, Bolstering AI Strategy NINtec Systems Limited has secured an international engagement totaling approximately €1.10 million (about Rs. 12.10 Cr) with a Finland-based artificial intelligence company. The contract positions NINtec’s wholly-owned subsidiary as the Strategic Technology Partner, tasked with supporting the client's entire technology stack and operations across their advanced AI initiatives.The engagement underscores NINtec’s execution of its AI-first strategy and builds upon a strong pipeline of similar opportunities in the advanced stages across various geographies. The contract is perpetual, focusing on assisting the Finnish client, which specializes in building...

Akiko Global Services Limited Reports Substantial Turnover Growth in May 2026 Akiko Global Services Limited has reported strong estimated consolidated turnover performance for May 2026, indicating significant year-on-year growth. The company provided details regarding its turnover across key periods, highlighting the robust operational status.The data reveals substantial growth in the company’s turnover during May 2026 compared to the previous year. Furthermore, when considering the two-month period of April and May 2026, the company maintained a high rate of increase over the corresponding period in 2025.A detailed look at the financial performance across these periods is presented below:ParticularsMay 2026 (Amt In Cr.)May 2025...

Jio Platforms Limited to Proceed with IPO After Board Approves Draft Red Herring Prospectus Jio Platforms Limited, a material subsidiary of Reliance Industries Limited, has approved its Draft Red Herring Prospectus (DRHP) in connection with a proposed Initial Public Offer (IPO). The approval paves the way for the company to offer equity shares through the public market.The IPO involves a fresh issue of up to 27 crore equity shares of Jio Platforms Limited. These shares have a face value of Rs. 10 each.The offering will be determined via a book building process, and the specific issue price is yet to be finalized. This proposal represents the planned public listing of the technology giant's subsidiary.The successful completion of...