Markets

Chandan Healthcare Responds to Complaint by DIMSL over RHP Disclosures, Citing Clerical Error Chandan Healthcare Limited has issued a detailed clarification in response to a complaint filed by Dayal Institute of Medical Sciences Limited (DIMSL) regarding the description of shares in the Red Herring Prospectus (RHP) dated February 04, 2025. The company asserted that while an inadvertent drafting error existed in one section of the RHP, the partly paid-up status of the shares was adequately disclosed elsewhere within the document.The correspondence between the parties relates to a long-standing investment relationship established through a Memorandum of Understanding (MOU) dated December 18, 2021, which involved CIMS (the original...

Lactose India Forfeits Convertible Warrants Worth INR 6.52 Crore After Holders Fail to Exercise Rights Lactose India Ltd has confirmed the forfeiture of a tranche of Convertible Warrants after the holders failed to exercise their rights within the stipulated period, following a Board meeting held on June 18, 2026.The company had initially issued and allotted 15,00,000 Convertible Warrants (Warrants) to M/s. SG General Dealers LLP on December 5, 2024. The warrants were granted at a conversion price of INR 174/- per warrant, comprising INR 10/- as face value and INR 164/- premium.The allotted warrants gave the holders the right to subscribe to one Equity Share of INR 10/- each against every Warrant within an eighteen month period from...

Cordelia Cruises IPO Sets Price Band as Market Anticipates Strong Debut Amid Niche Dominance Waterways Leisure Tourism Ltd., the operator of Cordelia Cruises, has formally set the price band for its highly anticipated Initial Public Offering (IPO). The company has fixed the price range at Rs 769 to Rs 808 per equity share. This IPO is scheduled to open for public subscription on June 23 and close on June 25.Details of Cordelia Cruises IPO and Fund Utilization The offering comprises a fresh issue of shares amounting up to Rs 585 crore. Investors are mandated to bid for a minimum lot size of 18 equity shares, with subsequent multiples also set at 18 shares. A significant portion of the proceeds, specifically Rs 480 crore, will be...

Global Tech Titans Pledging Massive Investment in India After PM Modi Holds High-Level Meetings Prime Minister Narendra Modi is actively engaging with global industry leaders in France, securing commitments for significant investment and expansion across critical sectors within India. The meetings underscore a sustained commitment from international conglomerates toward bolstering India’s economic ecosystem.The CEOs who met the Prime Minister represented key pillars of future growth, specifically sustainable construction, advanced mobility solutions, and the rapidly expanding artificial intelligence domain. These discussions are set to shape the trajectory of several major industries back home.Driving Sustainable Growth in...

Nykaa Eyes ₹5,000 Crore Target from 'House of Brands' by FY30 Driven by Dot & Key’s Surge Nykaa has unveiled an aggressive growth strategy through its proprietary brands portfolio, aiming to cross a net sales value (NSV) threshold of Rs 5,000 crore by the financial year 2029-30. This ambition forms a crucial pillar of Nykaa's wider objective to establish itself as a USD 5 billion Gross Merchandise Value (GMV) beauty and lifestyle business by FY30.The initiative is spearheaded by FSN E-Commerce Ventures, which manages the consumer brands under the established Nykaa umbrella. The company outlined its 'House of Nykaa' strategy during its recent Annual Investor Day 2026.Growth Trajectory of Nykaa’s Owned Brands Nykaa reported...

TTK Prestige Ltd Holds Board Meeting to Approve Q1 Un-audited Financial Results; Trading Window Closed TTK Prestige Ltd has announced that its Board of Directors will meet on July 28, 2026, with the primary focus being the consideration and approval of the company's un-audited financial results for the first quarter ended June 30, 2026.In adherence to the Company’s Code of Conduct, a trading window has been closed for designated persons related to the company. The restriction period is set from July 01, 2026, through July 30, 2026, inclusive.The closure ensures compliance with the Code relating to insider trading, and all Designated Persons of TTK Prestige Ltd and their immediate relatives have been advised not to trade in the...

Rupee Climbs Amid Diplomatic Breakthrough as US-Iran Ceasefire Propels Market Confidence The rupee managed to recover from earlier losses, closing 14 paise higher at 94.36 (provisional) against the US dollar for the day. This movement came amid buoyant global market sentiments following the signing of a crucial memorandum of understanding between the United States and Iran. The deal aims to end hostilities and establish a framework for negotiations surrounding Iran's nuclear program, with meetings scheduled in Geneva on Friday.Forex traders noted that while the US-Iran accord provided significant support, the upward move was capped by the broad strength of the American currency. This constraint was largely due to the United States...

KKR Eyes Massive Stake in Medicover Hospitals India Amid Global Healthcare Rally; $1B+ Deal Under Discussion Private equity behemoth KKR is actively in discussions to acquire a substantial stake in Medicover Hospitals India, positioning itself for what could become one of the largest healthcare transactions in the Indian market. This potential deal underscores the intense global investor interest focused on India’s rapidly expanding hospital sector.Medicover AB, the Swedish-based parent company, has confirmed that it was approached by KKR and is currently exploring a potential sale of its Indian operations. The negotiations include not only the controlling stake but also discussions with minority shareholders, suggesting a...

T T Limited Releases Audited Financial Results for Quarter and Full Year Ended March 31, 2026 T T Limited has provided its audited financial results for the quarter and full year ended March 31, 2026. The company also issued an updated version of these results to ensure all figures are presented in a fully machine-readable format.The financial statements show strong operational performance for the period. Total revenue stood at 19,400.14 lakh Rs for the full year ended March 31, 2026. The company reported a profit before tax of 350.59 lakh Rs for the quarter and recorded a net income of 29.09 lakh Rs for the quarter.Key Financial Highlights (Rs in Lakhs) The following table provides a comparison of key revenue and expense metrics...

Telecommunication Engineering Centre Unlocks Next-Gen Communications: Focuses on Advanced Satellite Technologies and Quality Benchmarking The Department of Telecommunications (DoT) has solidified its commitment to India's advanced communication infrastructure. The organization's technical arm, the Telecommunication Engineering Centre, recently hosted a crucial workshop dedicated to the future of satellite connectivity. This initiative underscores the government's push towards robust and highly efficient telecommunications systems across the nation.The specialized event brought together experts and stakeholders keen on understanding the cutting edge of space-based communication solutions. The primary focus was placed squarely on...

Anlon Technology Solutions Secures 12-Month AMC Contract Worth Rs. 64.35 Lakh from GMR International Airport Limited Anlon Technology Solutions Limited has secured a contract worth Rs. 64.35 Lakh from GMR NAGPUR INTERNATIONAL AIRPORT LIMITED for providing Annual Maintenance (AMC) services related to the Crash Fire Tender (CFT).The contract involves providing specialized AMC services for CFT at GMR NAGPUR INTERNATIONAL AIRPORT LIMITED. The overall value of the order is Rs. 64.35 Lakh, comprising Rs. 54.53 Lakh for services and Rs. 09.82 Lakh in GST.The agreement spans a period of 12 months, commencing from June 1 to May 31, 2027. The awarding entity is identified as a domestic company.Key details regarding the contract are...

Lloyds Engineering Works Acquires Controlling Stake in SISCOL, Aims to Create Integrated Infrastructure Giant Lloyds Engineering Works Limited (LEWL), a fast-growing engineering and EPC company, has announced the acquisition of a controlling stake in Steel Infra Solutions Company Limited (SISCOL). The deal was executed at an equity valuation of approximately ₹ 1,220 Cr. This strategic move aims to consolidate the two entities into one of India's most integrated platforms for engineering, structural fabrication, and EPC services.SISCOL, incorporated in 2017, is recognized as a leading provider of structural steel infrastructure solutions. The company focuses on the design, engineering, fabrication, supply, and erection of complex...

METRO and Wipro Complete Large Scale Data Center Migration for Digital Transformation Wipro Limited has announced the successful completion of a major multi year data center migration program for METRO AG, a leading international food wholesaler. This milestone marks a critical step in METRO's enterprise cloud transformation journey, providing a resilient, scalable digital foundation aligned with its long-term growth strategy and overall digital transformation agenda.The completion of the program signifies a key achievement in METRO’s path toward a scalable, AI ready IT landscape. Through Wipro, METRO has established a future ready digital backbone capable of accelerating innovation and driving scaled AI adoption.Wipro migrated...

Hiliks Technologies Lands Major Sub-Contract Order for Signaling and Telecommunication Works in Telangana Hiliks Technologies Ltd has secured a significant sub-contract agreement valued at Rs. 95,51,14,237/- from KMC Constructions Limited. The contract pertains to specialized signaling and telecommunication works related to the Doubling of Track between Akanapet Jn. and Medchal Stations within South Central Railway in Telangana.The agreement was signed on March 13, 2026, and Hiliks Technologies received the requisite approval from South Central Railway on June 17, 2026. This contract forms part of a broader engagement where the company's cumulative value of pending orders stands at Rs. 165 Crores.The sub-contract order involves...

Iris Clothings Limited Strengthens Manufacturing Capabilities with New In-House Embroidery Unit Iris Clothings Limited (NSE: IRISDOREME), a company specializing in designing, manufacturing, branding, and selling garments for kids wear, has initiated operations at its newly established in-house embroidery manufacturing unit. The facility is equipped with advanced embroidery machines imported from Japan and represents a significant step toward strengthening the company's vertical integration.The commissioning of this dedicated unit enhances Iris Clothings’ design capabilities and production depth. While the company portfolio has traditionally been centered around printed apparel, the new capability allows for the introduction of premium...

Transmission Tower Collapse Forces Temporary Shutdown at Sikkim Hydro Power Plant Sarda Energy & Minerals Limited has confirmed a disruption at the Sikkim Hydro Power Plant, which is operated by Madhya Bharat Power Corporation Ltd., a subsidiary of the Company. The plant experienced a temporary shutdown following the collapse of one transmission tower.The incident occurred on June 18, 2026, when heavy rains led to the failure of the transmission tower at the hydroelectric facility. This structural damage has necessitated the temporary suspension of operations at the hydro power plant.Sarda Energy & Minerals Limited is currently conducting an assessment to determine the extent of the damage and the timeline required to fully restore...

SEBI Settles HDFC Property Fund Violations After Investigation; Penalties Imposed for Compliance Lapses Regulator Finalizes Settlement of HDFC Property Fund Compliance Matters The Securities and Exchange Board of India (SEBI) has released a formal Settlement Order concerning the HDFC Property Fund and HDFC Capital Advisors Limited. The order addresses compliance violations related to the winding up and management of two schemes: HDFC India Real Estate Fund (HIREF) and HDFC IT Corridor Fund (HITCF).The settlement was reached after both entities filed suo motu settlement applications under the SEBI (Settlement Proceedings) Regulations, 2018. The applications targeted potential violations of regulation 24(2) of the SEBI (Venture Capital...

Concord Control Systems Honoured with Excellence in Railway Technology Award at ET Now Business Conclave & Awards 2026 Concord Control Systems Limited, a leading manufacturer of embedded electronic systems and critical solutions, received the Excellence in Railway Technology Award at the ET Now Business Conclave & Awards 2026. The recognition highlights the company's crucial role in developing advanced technology to enhance the safety, reliability, and operational efficiency of railway networks across India.The award was presented by Shri. Rushikesh Ganeshbhai Patel, Minister Energy and Petrochemicals, Panchayat and Rural Housing, Legislative and Parliamentary Affairs at the conclave held in Ahmedabad, Gujarat, on June 18, 2026. Mr...

SEBI Issues Strict Remittance Order Against Gujarat Meditech Ltd over Outstanding Recovery Dues SEBI Directs Financial Institutions to Recover Outstanding Amount from Gujarat Meditech Ltd The Securities and Exchange Board of India (SEBI) has issued a formal General Remittance Order directing all banks and mutual fund institutions in India regarding the recovery certificate pertaining to Gujarat Meditech Ltd. This directive, dated June 18, 2026, mandates the remittance of specific outstanding dues owed by the company as per SEBI’s Recovery Certificate No. 3517 of 2021.The order addresses the financial obligations of Gujarat Meditech Ltd., identifying the company's principal PAN as AABCG6112D. It serves as a critical enforcement step...

VMS TMT Limited Withdraws Prior Intimation of Inter-Se Share Transfer Among Promoters VMS TMT Limited has announced the withdrawal of its prior intimation regarding a proposed inter-se transfer of equity shares among promoters. The company stated that the planned acquisition will not be moving forward as initially intended.The decision follows previous discussions concerning the off-market inter-se transfer of shares within the group. According to the update, the company had originally intimated the proposal for the inter-se transfer of 13,22,154 equity shares of VMS TMT Limited.The formal withdrawal confirms that the planned inter-se transfer will not be proceeding as initially scheduled, and the prior intimation is being treated...