Markets

India-UK Pact Delivers Massive Relief to Professionals as Social Security Burden Is Lifted The social security agreement between India and the UK is set to significantly boost the competitiveness of Indian service providers in the British market. This partnership, effective from July 15, is projected to benefit 90 to 95 percent of Indian professionals employed by Indian companies operating in the UK.This monumental move is expected to reduce operational costs for firms and enhance collaboration between both nations' high-skilled sectors. The agreement, officially known as the Double Contribution Convention (DCC) and the Comprehensive Economic and Trade Agreement (CETA), underscores a deep commitment to bilateral growth.Professional...

SEBI Orders Immediate Remittance as Massive Recovery Drive Targets Misuse of Illiquid Stock Options on BSE SEBI has issued a critical General Remittance Order, directing financial institutions to facilitate the recovery of dues from Makwana Bharat S. HUF. The order relates to proceedings under which the entity was found liable concerning dealing in illiquid stock options on the Bombay Stock Exchange (BSE). This regulatory action underscores SEBI’s commitment to enforcing accountability in capital markets transactions.The Recovery and Refund Department published the order, specifying that the defaulter, Makwana Bharat S. HUF (PAN: AALHM4561P), must remit the current dues through their associated banks or mutual fund folios. The...

Oil Prices Plunge on Ceasefire Deal as US-Iran Tensions Ease and Strait of Hormuz Reopens Oil prices fell sharply on Thursday, hitting their lowest levels since the commencement of hostilities following the initial U.S.-Iran strikes. The significant selloff was driven by an interim agreement reached between the United States and Iran aimed at de-escalating the conflict. This deal provides a boost to global supply outlook by setting mechanisms for the reopening of the Strait of Hormuz and easing sanctions on Tehran.Market Plummets as Deal Signals Supply Increase Global crude futures took a significant downturn in reaction to the memorandum of understanding. Brent crude futures were down $1.02, or 1.28%, closing at $78.53 a barrel at...

Paramount Cosmetics Appoints Ms. Prerna Jain as Whole-Time Company Secretary and Compliance Officer Paramount Cosmetics India Ltd has appointed Ms. Prerna Jain as a Whole-Time Company Secretary and Compliance Officer. The decision was made by the Board of Directors following the meeting held on June 18, 2026, and is effective immediately.The appointment comes as a result of the recommendation received from the Nomination and Remuneration Committee. Ms. Jain's selection underscores the company’s commitment to robust corporate governance and regulatory compliance.The Board reviewed and approved the appointment during its meeting, which commenced at 03:30 P.M and concluded at 04:00 P.M on June 18, 2026.Details regarding the appointed...

Anand Rayons Ltd Establishes CSR Committee Approves Social Responsibility Policy Anand Rayons Limited has appointed a Corporate Social Responsibility (CSR) Committee and formally adopted its CSR Policy following a Board meeting held on June 18, 2026. The decision was taken after the Board determined that the Company had met the prescribed threshold criteria relating to net worth, turnover, or net profit for the immediately preceding financial year.The newly constituted CSR Committee is tasked with discharging responsibilities in alignment with the company's social commitments. The members of the committee were approved by the Board and consist of directors from the management team.The composition of the Corporate Social...

HDFC Bank Secures Critical Extension as RBI Mandates Expedited Search for New Chairman RBI Extends Keki Mistry's Tenure Amid Board Succession Drive HDFC Bank announced today that it has secured a crucial extension for Keki Mistry, who serves as the part-time chairman. The Reserve Bank of India (RBI) has approved a three-month tenure extension for Mr. Mistry. His appointment is set to continue until September 18, 2026. This extension will be maintained unless a regular part-time chairman is appointed earlier.The decision comes amidst an ongoing and highly scrutinized search process at the bank. The RBI has been actively monitoring HDFC Bank's board and pressing for swift action regarding leadership succession. Prior reports indicated...

CRISIL Reaffirms AAA/Stable Rating for Indus Infra Trust’s Long Term Bank Facilities Indus Infra Trust has received a reaffirmation of its credit rating by Crisil Ratings on its long term bank facilities. The rating update reflects the company's debt instruments and overall financial stability across multiple banking partners, according to data provided by CRISIL.Crisil Ratings assigned the AAA/Stable rating to Indus Infra Trust's Long Term Bank Facilities. These ratings cover a total of Rs 3000 Crore in bank loan facilities.The rating details confirm that all facilities rated as long term maintain a Crisil AAA/Stable status, demonstrating consistent financial standing across the institutional lending partners.Key details...

EPFO Unleashes UPI & ATM PF Withdrawals by Month-End: Are You Falling into a Major Tax Trap? The landscape of retirement savings in India is undergoing a radical transformation. The Employees' Provident Fund Organisation (EPFO) is set to launch revolutionary digital withdrawal facilities, allowing subscribers to access their provident funds via UPI and ATMs before the end of this month. This move signifies a decisive shift away from traditional, paper-heavy administrative processes that have defined PF management for decades.Digital Leap: Transforming How Subscribers Access Funds For many years, accessing one's provident fund required navigating the complexities of the UAN portal. That era is rapidly drawing to a close. EPFO is...

TTK Prestige Limited Announces Record Date for 70th Annual General Meeting and Dividend TTK Prestige Limited has set the record date for its members ahead of the company's upcoming general meeting and potential dividend declaration. The Register of Members will be closed on Friday, July 29, 2026, to determine membership status for the 70th Annual General Meeting (AGM).The AGM is scheduled to take place on Tuesday, August 04, 2026. This meeting is designated for members to deliberate on matters including the payment of a dividend, provided it is declared by the shareholders at the AGM.If a dividend is approved by the Members during the ensuing Annual General Meeting, the dividend will be paid beginning on August 18, 2026.The key...

Rossari Biotech Announces 17th Annual General Meeting and Record Date for Dividend Entitlement Rossari Biotech Limited has announced the details regarding its 17th Annual General Meeting (AGM) and provided the record date necessary for determining entitlement to any dividend declared for the Financial Year ended March 31, 2026.The AGM is scheduled to take place on Monday, July 20, 2026, at 11:00 A.M. (IST). Members of the company can attend the meeting via Video Conference or other Audio Visual Means.Details pertaining to the record date for determining entitlement and payment of dividend are as follows:Scrip Code/SymbolType of SecurityRecord DateBSE: 543213Equity Shares of Rs. 2/- EachFriday, July 10, 2026The company...

Max Heights Infrastucture Limited Clarifies Stock Price Movement, Assures Market Transparency Max Heights Infrastucture Limited confirmed that the movement in the price of its stock is purely market driven, addressing concerns regarding recent stock performance. The company affirmed that it continues to adhere to disclosure requirements and maintained transparency concerning its operations.The clarification stated that there are currently no undisclosed events, announcements, or developments, whether concluded or impending, that could affect the price behavior of the company’s scrip. Max Heights Infrastucture Limited assured stakeholders that any future developments impacting the stock's movement will be promptly communicated to the...

HCLTech recognized as 'Market Shaper' in Gartner Emerging Market Quadrant for Physical AI Services HCLTech, a leading global technology company, has been designated a Market Shaper in the Gartner® Emerging Market Quadrant for Physical AI Services – Established Vendors as of June 2026. This recognition highlights HCLTech's early leadership and advancements within the rapidly growing field of Physical AI.The designation places HCLTech in the top category of the inaugural quadrant, reinforcing its commitment to translating AI innovation into real-world enterprise impact.HCLTech offers a complete portfolio designed for industries requiring physical and digital integration at scale. This comprehensive offering includes Intelligent...

Kalyani Strategic Systems and AM General Partner to Develop Mounted Artillery Gun Systems for Global Armies Kalyani Strategic Systems Limited (KSSL), the defense subsidiary of Bharat Forge Limited, has entered into a strategic partnership with AM General, a leading military vehicle mobile defense capabilities provider. The alliance was announced at the Eurosatory defense exposition, addressing the needs of modern armies worldwide in evolving combat scenarios.The strategic collaboration aims to equip global militaries with compact, robust, light weight, ruggedized, mobile, all weather, all terrain Next-Gen Mounted Artillery gun platforms, providing a distinct competitive advantage. The partnership is designed to support broader allied...

HCLTech Recognized as 'Market Shaper' in Gartner Quadrant for Physical AI Services HCLTech, a global technology firm, has been named a Market Shaper in the 2026 Gartner® Emerging Market Quadrant for Physical AI Services – Established Vendors. The recognition highlights the company’s leadership and commitment to innovation within the rapidly developing domain of Physical AI.The designation places HCLTech among industry leaders committed to translating AI innovation into real-world impact. The firm offers a complete, full-stack portfolio designed for enterprises navigating the complexities of the physical and digital intersection at scale. This portfolio spans Intelligent Systems, Kinetic AI (Cognitive Robotics), Semiconductor...

Chandan Healthcare Clarifies RHP Disclosures in Response to DIMSL Complaint: Cites Inadvertent Error and Ongoing Disputes Chandan Healthcare Limited (CHL) has released a detailed clarification addressing allegations made by Dayal Institute of Medical Sciences Limited (DIMSL) regarding disclosures contained within the Red Herring Prospectus (RHP) dated February 04, 2025. The company asserts that while an inadvertent drafting error existed in one section of the RHP, the matter is heavily intertwined with active commercial and legal disputes between the two shareholder groups.The correspondence details the long-standing relationship between CHL entities and DIMSL (formerly Chandan Institute of Medical Sciences Limited or CIMS), which...

B.R.Goyal Infrastructure Ltd Appoints Ms. Prerna Jain as Whole-Time Company Secretary and Compliance Officer B.R.Goyal Infrastructure Ltd has announced the appointment of Ms. Prerna Jain as a Whole-Time Company Secretary and Compliance Officer, effective from June 18, 2026. The appointment was made following consideration and approval by the Board of Directors.Ms. Jain's appointment comes after the Board received recommendations from the Nomination and Remuneration committee. She is set to assume the role starting on June 18, 2026.The key details regarding the appointment are summarized below:DetailInformationReason for ChangeAppointment of Ms. Prerna Jain as Company Secretary and Compliance Officer of the Company.Date and...

HDFC Bank Extends Chairman's Tenure After RBI Approval; Announces AGM and Dividend Details HDFC Bank Limited announced significant governance updates, including receiving approval from the Reserve Bank of India (RBI) for the extension of Mr. Keki Mistry’s tenure as interim Part-time Chairman. The bank also detailed the outcome of its Board meeting held on June 18, 2026, approving the 32nd Annual General Meeting (AGM) and declaring a dividend for shareholders.The RBI approved the application submitted by HDFC Bank regarding the continuation of Mr. Keki Mistry’s role. The approval grants him an extension as interim Part-time Chairman for a further period of three months, running until September 18, 2026, or until a regular Part-time...

Chandan Healthcare Addresses NSE Complaint Regarding RHP Disclosures in DIMSL Shareholding Chandan Healthcare Limited has issued a detailed response clarifying disclosures made in its Red Herring Prospectus (RHP) related to its investment in Dayal Institute of Medical Sciences Limited (DIMSL), addressing a complaint filed by the institute. The company emphasized that while an inadvertent drafting error occurred, the status of the shares and associated liabilities were adequately disclosed elsewhere within the RHP document.The response addresses allegations raised by DIMSL concerning the portrayal of its stockholding in Chandan Healthcare’s RHP dated February 04, 2025. The core issue relates to the description of equity shares held by...

Karnika Industries Allots 39,66,860 Convertible Warrants at ₹121 Per Warrant Karnika Industries Limited has announced the preferential allotment of 39,66,860 Convertible Warrants following its Board meeting held on June 18, 2026. The warrants were allotted to a mix of Promoters and Non-Promoters upon receipt of the warrant subscription amount equivalent to 25% of the warrant issue price from eligible allottees.The allotment was completed at a face value of ₹ 10/- each and an issue price of ₹ 121/- per warrant, which includes a premium of ₹ 111/-. The warrants are convertible into one fully paid-up Equity Share of the company.Karnika Industries Limited structured the allotment across multiple allottees, with varying quantities...

HCLTech Named 'Market Shaper' in 2026 Gartner Quadrant for Physical AI Services New York and Noida, India, June 18, 2026 — HCLTech, a global technology company, has been recognized as a Market Shaper in the Gartner® Emerging Market Quadrant for Physical AI Services - Established Vendors as of June 2026. The recognition places the company in the top category of the inaugural quadrant.The designation highlights HCLTech's leadership within the quickly evolving Physical AI sector. The company offers a full-stack portfolio encompassing Intelligent Systems, Kinetic AI (Cognitive Robotics), Semiconductor Engineering, and Smart Infrastructure for Edge and AI of Things. This suite of solutions includes platforms such as VisionX, TraceX...