Markets

Dhunseri Ventures Recommends Rs 1.50 Dividend Per Equity Share; Details on TDS Applicability Released Dhunseri Ventures Limited has recommended a dividend of Rs 1.50 per equity share, pending approval at its forthcoming Annual General Meeting (AGM). The payment details and associated Tax Deducted at Source (TDS) provisions for the financial year 2025-26 have been communicated to members.The recommendation was made by the Board of Directors during a meeting held on May 26, 2026. The dividend is proposed against a face value of Rs 10 per equity share.Dividend Payment and Record Dates The payment of the recommended dividend will occur after its declaration at the Annual General Meeting scheduled for August 18, 2026.Key dates related...

Vivanza Biosciences Ltd Approves Appointment of Internal Auditor, New Director, and Share Transfer Vivanza Biosciences Limited announced several key corporate decisions following its Board of Directors meeting held on June 18, 2026. The company approved the appointment of a new internal auditor, welcomed Mr. Hemant Amrish Parikh as an Additional Non-Executive Non-Independent Director, and authorized the transfer of shares from the Unclaimed Suspense Account to a rightful shareholder.Appointment of Internal Auditor The Board meeting considered and approved the appointment of M/s Dharti Shah & Co. as the Internal Auditor for the Financial Year 2026-2027. This decision followed recommendations by both the Audit Committee and the...

NSE IPO Filing Ignites Stakeholder Rally: SBI, BOI Shares Surge as Exchange Plans Significant Divestment Shares of major stakeholders in the National Stock Exchange (NSE) saw a significant rally on Thursday following the announcement that the exchange had filed its draft prospectus for an initial public offering (IPO). This news fueled substantial gains across several key holding companies.The proposed IPO is structured entirely as an Offer For Sale (OFS). Under this offering, existing shareholders will collectively divest nearly 6 percent of their stake in the NSE.Stock Market Reaction to NSE's OFS Announcement Shares belonging to various listed firms that hold a stake in the NSE experienced strong upward momentum during intra-day...

Eraaya Lifespaces Ltd Renames Itself Ebix Limited, Highlighting Global Transformation and Strategic Alignment New Delhi, June 18, 2026: The company, formerly known as Eraaya Lifespaces Limited, has formally changed its name to Ebix Limited. This renaming marks a key milestone in the company’s evolution, reflecting a successful transformational journey following the acquisition of Ebix Inc. and its global subsidiaries.The adoption of the Ebix name is designed to align the corporate identity with the scale and international reach of its business, establishing a unified brand across all global operations. The rebranding signals the commencement of a new growth phase focused on integration, optimization, and long-term value creation...

IL JIN Electronics Acquires Additional Equity Stake in Ascent Circuits, Targeting Near Complete Ownership IL JIN Electronics (India) Private Limited, a material subsidiary of Amber Enterprises India Limited, has executed Share Purchase Agreements (SPAs) for the acquisition of an additional equity stake in Ascent Circuits Private Limited. This transaction is set to significantly increase IL JIN's holding in Ascent, moving from its current 60% stake to 98.50%.The SPAs were finalized on June 18, 2026, involving IL JIN, Mr. Manjunath Punyamurthy, and other shareholders of Ascent Circuits Private Limited (collectively referred to as the parties). The acquisition is designed to enhance operational synergies and achieve near complete...

Silgo Retail Secures 37 MW Solar Projects with MSEDCL in Maharashtra Silgo Retail Limited has strengthened its presence in the renewable energy sector after the target companies acquired, Terraverde Renewables Private Limited and Bluesky Renewables Private Limited, secured Power Purchase Agreements (PPAs) with the Maharashtra State Electricity Distribution Company Limited (MSEDCL). These projects involve the development of solar power capacity aggregating 37 MW (AC) within the state of Maharashtra.The agreements, executed with MSEDCL on April 16, 2025, mandate that the generated power be supplied to MSEDCL at a fixed tariff of ₹3.09 per kWh for a period spanning 25 years. The projects are strategically important, as they are eligible...

Reliance Home Finance Ltd Reschedules Committee of Creditors Meeting in CIRP Reliance Home Finance Limited has announced a change regarding the next meeting of its Committee of Creditors (CoC). The company has rescheduled the 11th (Eleventh) Meeting of the Committee of Creditors, which is being held during the Corporate Insolvency Resolution Process (CIRP).The previous meeting was scheduled for Monday, June 15, 2026, at 03:00 P.M. (IST), and it was set to be conducted through Video Conferencing.Reliance Home Finance has now confirmed that the rescheduled CoC meeting will take place on Wednesday, June 24, 2026, at 11:00 A.M. (IST). The mode of the meeting remains Video Conferencing.RHFL Stock Price Movement As of 1:43 PM, shares of...

RBI Cancels Gokak Co-operative Bank License Amid Capital Woes and Depositor Risk The Reserve Bank of India (RBI) has taken decisive action against Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., located in Gokak, Karnataka. The regulator cancelled the bank's license with immediate effect as of June 18, 2026. This move follows an order issued by the RBI on June 16, 2026, under Section 22 read with Section 56 of the Banking Regulation Act, 1949 (BR Act).Consequently, Shree Mahalaxmi Urban Co-operative Credit Bank Ltd. has ceased all banking operations. The Registrar of Co-operative Societies in Karnataka has been contacted and requested to issue necessary orders for the bank's winding up and the appointment of a liquidator...

Max Healthcare Stock Surges 6% as Citi Maintains 'Buy', Predicting 20% EBITDA CAGR Max Healthcare Institute shares experienced a significant rally, jumping 6 percent on June 18th and claiming the title of top gainer on the Nifty 50. The surge highlighted the stock's strong underlying business fundamentals despite recent market volatility.The company was trading at Rs 1,088 in afternoon trading, reflecting a valuation of approximately Rs 1.05 lakh crore. This substantial rally significantly outpaced the broader market sentiment, as the Nifty 50 had registered a modest rise of 0.17 percent during the session.Citi Bullish on Max Healthcare: Target Price Set at Rs 1,240 Citi reaffirmed its 'buy' rating on Max Healthcare stock following...

EPFO Interest Rate Hits 8.25%: Over Seven Crore Subscribers Expect Credit This Month After Government Ratification Government Approves Three-Year Steady Interest Rate for EPF Deposits The government has officially ratified the interest rate on Employees' Provident Fund (EPF) deposits, setting it at 8.25 per cent for the financial year 2025-26. This move is significant as it means that over seven crore contributing members are expected to receive this credit in their accounts this month.The Employees' Provident Fund Organisation (EPFO) relies on the ratification by the finance ministry to finalize and implement the interest rates. The source confirmed that the finance ministry has given its concurrence to the 8.25 per cent rate, which...

State Bank of India Approves Up To ₹ 60,000 Crore Fund Raising Through Debt Instruments State Bank of India announced that its Central Board has accorded approval for raising funds through the issuance of debt instruments. The move is set to facilitate a significant fundraising effort during the financial year 2027 (FY27).The State Bank's Central Board, meeting on June 18, 2026, approved the ability to raise funds amounting up to ₹ 60,000 Crore. This funding will be secured through the issuance of various debt instruments.The approved range of financial instruments includes Long Term Bonds, as well as Basel III compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The fundraising operation can be executed through...

Environmental Setback Knocks Brigade Shares: Stock Plummets Over 2% After Chennai Project Loses Eco Clearance Brigade Enterprises Ltd saw its share price decline significantly in afternoon trade after the Tamil Nadu Environment Authority revoked critical environmental clearance for its major development project in Chennai. The setback has negatively impacted investor sentiment surrounding the company's large-scale real estate undertaking.Stock Reaction and Environmental Reversal The stock plummeted, registering a loss of 2.42 percent by around 1:53 pm on June 18. Prior to this decline, the share was trading at Rs 559.85, reflecting a 1.06 percent dip from the previous day's closing figures. The revocation directly relates to the...

Oil & Gas Falls to Record Low in Mutual Fund Portfolios Amid Growth Doubts The oil and gas sector has seen a significant reduction in allocation among top mutual funds, reaching a record low as of May. This makes it the most under-owned sector compared to its representation within benchmark indices.Mutual fund managers are maintaining caution regarding the long-term growth trajectory of the sector. Despite recent positive shifts in prospects for certain segments, many fund houses remain wary about overall capital allocation efficiency across much of the industry.Sector Weight Drops to 5.2% in Top Mutual Fund Portfolios Data compiled by Motilal Oswal indicates that the oil and gas sector represented 5.2% in the portfolios of the top...

Quick Heal Technologies Appoints Mr. Harish Kumar GS as CEO and Key Managerial Personnel Quick Heal Technologies Limited has announced the appointment of Mr. Harish Kumar GS to key leadership roles following its Board meeting held on June 18, 2026. Mr. Kumar will serve as both Chief Executive Officer (CEO) and Key Managerial Personnel (KMP).The decision by the company’s Board of Directors marks a significant move in the company's management structure. Mr. Harish Kumar brings extensive experience spanning more than three decades across various technology sectors, including cybersecurity, enterprise software, networking, and digital services.Profile and Experience Mr. Kumar possesses a distinguished career history marked by...

Karnawati Innovation Limited Accepts Resignation of Key Managerial Personnel Karnawati Innovation Ltd, formerly known as Bisil Plast Limited, has confirmed the acceptance of the resignation of Ms. Sakshi Laddha from her position within the company. The board decided to accept the resignation on June 18, 2026.Ms. Sakshi Laddha tendered her resignation from the posts of Company Secretary and Compliance Officer and Key Managerial Personnel (KMP). Her tenure officially concluded at the close of business hours on June 18, 2026.The company stated that Ms. Laddha's resignation was due to personal reasons and other professional commitments.Details regarding Ms. Sakshi Laddha’s cessation from her role are presented in the table below...

Thomas Cook India Launches Industry-First Cross-Border Rewards Program for Forex Card Customers Mumbai, June 18, 2026: Thomas Cook (India) Limited, a leading omnichannel foreign exchange services company, has introduced an industry-first cross-border rewards program aimed at motivating international spending among its forex card customers. The initiative targets the rapidly evolving trend of digital and contactless payments among Indian travelers overseas, where benefits linked to prepaid forex card usage have previously been limited.The new rewards program offers a 10% rewards-back on POS, contactless, and e-commerce transactions made across select global retail brands and payment platforms. The participating merchants include Grab...

Quess Corp Limited receives In-Principle Approval from BSE and NSE for Stock Ownership Plan 2026 Quess Corp Limited has received in-principle approvals from both BSE Limited and National Stock Exchange of India Limited (NSE) for listing shares under its Quess Stock Ownership Plan 2026 (QSOP 2026).The approval grants the company permission to list up to a maximum of 52,50,000 equity shares. These shares have a face value of ₹10/- each and are designated for the implementation of the QSOP 2026.This development confirms that the exchanges have granted in-principle approval for the planned issuance under the Quess Stock Ownership Plan 2026.Key details regarding the share listing and plan stand as follows:FeatureDetailCompany...

Apex Ecotech Limited Appoints Aryaman Dosajh as Lead Strategy Initiative Apex Ecotech Limited has appointed Mr. Aryaman Dosajh to the role of Lead - Strategy Initiative. The appointment was approved by the Company’s Board of Directors during a meeting held on June 18, 2026, and is effective immediately.Mr. Dosajh joins Apex Ecotech after gaining international exposure and strategic experience across technology consulting, product analysis, and business operations. He is expected to contribute significantly towards organizational capabilities and the Company’s long-term growth initiatives.The background of Mr. Aryaman Dosajh includes education and professional stints with global organizations, providing him with a comprehensive skill...

Neetu Yoshi Ltd Secures Purchase Order for Supply of Cast Steel Bearing Plates Neetu Yoshi Limited has secured a significant purchase order from an India based Manufacturer, marking a major contract win in the industrial supply sector. The order pertains to the manufacturing and supply of specialized Cast Steel Bearing Plates, which must adhere strictly to RDSO specifications.The contract awarded by the domestic entity represents a substantial business development for Neetu Yoshi Ltd. The plates are required to be duly heat treated and machined according to the necessary RDSO drawings and specifications.According to details provided regarding the transaction, there are no conflicts of interest involved. The manufacturer awarding the...

Sportking India Commences Solar Power Project, Targeting 12-13% Annual Cost Reduction Sportking India Limited announced that its solar power project has successfully commenced commercial operations effective June 18, 2026. This milestone marks a significant step towards the company's commitment to sustainable growth and enhanced energy efficiency.The project involves Sportking India Ltd and M/s Evincea Renewable Seven Private Limited, a Special Purpose Vehicle, under a Solar Power Purchase Agreement (SPPA). The initiative focuses on generating and supplying solar power directly to Sportking's facilities located in Punjab.This commissioning is expected to deliver substantial long-term benefits for the company, primarily by reducing...