Markets

JBM Ecolife Mobility Secures INR 750 Crore Strategic Investment from Motilal Oswal to Scale E-Bus Deployment New Delhi, June 18, 2026: JBM ECOLIFE Mobility (P) Ltd., a division of JBM Auto Ltd. and a leading electric bus manufacturer in India, has secured a INR 750 Crore long term strategic investment from Motilal Oswal Alternates (MO Alternates). This capital infusion is intended to significantly scale the company’s electric bus deployment and advance sustainable public transit infrastructure across India.The transaction marks a major development in the Indian electric mobility sector, representing the largest-ever investment by any Indian investor into this space. MO Alternates, the alternative investment arm of Motilal Oswal Group...

Prestige Launches Phase 2 of Gardenia Estates in North Bengaluru Prestige Estates has announced the launch of Phase 2 of its premier plotted development, 'Prestige Gardenia Estates,' located in Devanahalli, which falls within the rapidly growing North Bengaluru corridor.The project is strategically positioned close to key infrastructure and business hubs, including Kempegowda International Airport, NH 44, the Satellite Town Ring Road, major IT parks, schools, hospitals, and retail destinations.Project Overview and Scope Prestige Gardenia Estates represents a meticulously planned, infrastructure-ready enclave spread over approximately 21 acres of land. The project is designed to create a sustainable, nature-centric community by...

Mr. Sanjay M. Chauhan Acquires Shares of Magellanic Cloud Ltd in Open Market Transaction Mr. Sanjay M. Chauhan has acquired shares of Magellanic Cloud Ltd, which was previously known as South India Projects Limited, through an open market transaction. The acquisition relates to shares carrying voting rights and constitutes a stake of 2.42% in the target company.The details of the acquisition highlight Mr. Chauhan’s interest in Magellanic Cloud Ltd. As reported on June 16, 2026, Mr. Sanjay M. Chauhan acquired 142,812,202.42 shares carrying voting rights through the open market.Mr. Chauhan was identified as an acquirer and acted as a Person Acting in Concert (PAC). He is not associated with the Promoter group of Magellanic Cloud Ltd...

Kirloskar Ferrous Industries Secures International Contract for Pig Iron Supply Valued at USD 13.51 Million Kirloskar Ferrous Industries Limited (KFIL) has secured a significant contract for the supply of basic grade pig iron, valued at around USD 13.51 Million. The deal involves an international entity and sets a timeline for shipments concluding by August 2026.The contract mandates KFIL to supply basic grade Pig Iron, according to specified terms in the agreement. This order has been placed by a buyer with operations based in London, UK.The transaction is noted as an international business engagement, involving the FOB (Free On Board) basis and payment through a Letter of Credit payable at sight. The scope of work includes...

Kirloskar Ferrous Industries Secures International Contract for Supply of Pig Iron Worth USD 13.51 Million Kirloskar Ferrous Industries Limited (KFIL) has secured a contract for the supply of pig iron from an international buyer, marking a significant deal in the commodities sector. The agreement involves supplying basic grade pig iron based on specifications mentioned in the contract.The contract was finalized with an entity located in London, UK, and represents an opportunity to expand KFIL’s international reach. The terms include the supply of 30,000 (+/- 5%) Metric Tons (MT) of basic grade Pig Iron. The transaction is structured on a FOB basis against a Letter of Credit payable at sight.The contract details underscore that...

Creative Newtech Partners with Ravel Electronics to Expand Fire Safety Solutions across India Mumbai, June 18, 2026 — Creative Newtech Limited has entered into a strategic partnership with Ravel Electronics Private Limited, marking a collaboration aimed at strengthening the availability and market reach of advanced Fire Detection and Life Safety Solutions throughout India.The agreement positions Creative Newtech Limited as the Master Distributor for Ravel Electronics' Conventional and Addressable Fire Alarm Systems. The partnership will drive market expansion and channel development for AARAL, which is Ravel’s flagship Enterprise Series Fire Detection and Alarm platform designed for large-scale commercial, industrial, and mission...

Vedanta Oil and Gas Ltd Details Corporate Documentation Vedanta Oil and Gas Ltd has been associated with the provision of corporate documents as of 18/06/2026. The information relates to official documentation prepared by representatives of the company.VOGL Stock Price Movement As of 10:34 AM, shares of Vedanta Oil and Gas Limited are shedding 2.24% in live trading, currently registering at ₹31.86 as the stock plunges toward its 52-week low. The decline is seen amidst heavy market action, with over 64 million shares traded so far into the morning session.

FSN E-Commerce Ventures Reports Strong Growth and Focus on Profitability in FY26 FSN E-Commerce Ventures Limited reported robust top-line growth and accelerated profitability during Fiscal Year 2026, underlining its position within India's expanding beauty and consumer market. The company emphasized a disciplined focus on operational efficiency and scaling its digital platform to meet the burgeoning demand of discerning Indian consumers.The results showcased significant year-over-year increases across key financial metrics. Net Revenue reached Rs. 10,022 Crs, representing a 26% growth compared to the previous fiscal year. Gross Merchandise Value (GMV) hit Rs. 19,963 Crs, marking a 28% YoY increase.The company reported an EBITDA of...

Liquor Stocks Surge Amid India-UK FTA Hopes as Premiumization Trends Take Hold Shares of major alcoholic beverage companies rose on June 18 after industry bodies welcomed the implementation of the India-UK Free Trade Agreement (FTA). The agreement is anticipated to boost the premium spirits market by lowering tariffs on Scotch whisky imports, thereby setting a positive tone for domestic players.United Spirits led among the gainers, climbing 2.4 percent to Rs 1,339.10. Tilaknagar Industries saw a strong rise of 3.3 percent to Rs 443, while Associated Alcohols & Breweries moved up 2.1 percent to Rs 843.95. Piccadily Agro advanced 1.5 percent to Rs 588, and Radico Khaitan gained 1.3 percent reaching Rs 3,619.JPMorgan...

HDFC Bank Stock Surges as Governance Overhang Eases amid Chairman Appointment Urgency HDFC Bank shares saw a notable rally on June 18, rising nearly 2 percent in morning trade to reach Rs 800.5. This surge placed the lender among the top performers of the Nifty 50 constituents. The positive momentum is largely attributed to market sentiment improving surrounding the process of appointing a permanent non-executive chairman.The stock’s performance significantly outpaced the broader indices, with HDFC Bank being the biggest positive contributor to the Nifty 50 gains. The bank contributed over 27 points to the benchmark's advance. In comparison, the Nifty Bank index was up 0.5 percent at approximately 9:56 am.Market Performance and...

Nykaa Targets USD 5 Billion+ GMV in Beauty and Lifestyle Business by FY30, Pledging Significant Growth Mumbai: FSN E-Commerce Ventures Limited (Nykaa), India's leading omnichannel beauty and lifestyle company, has outlined ambitious growth targets for its next decade. During its Annual Investor Day 2026, Nykaa stated an aim to become a USD 5 billion+ beauty and lifestyle business by FY30, positioning itself to capture opportunities within India's burgeoning premium consumption market.The company operates across the entire lifestyle ecosystem, encompassing Beauty, Fashion, Consumer Brands, Retail, and B2B Distribution. With current services reaching 55 million consumers in beauty, fashion, wellness, and adjacent categories, Nykaa...

NIACL Shares Surge 14% as NSE Prepares for Landmark Rs 30,000 Crore IPO Filing The National Stock Exchange (NSE) stock witnessed a significant surge on Thursday after filing the draft papers for its highly anticipated initial public offering (IPO). The filings signal the start of what could be the largest public issue in the history of the Indian stock market, leading to strong investor enthusiasm.The NSE share price climbed sharply, rising 13.62 per cent during the day and reaching an intraday high of Rs 188 on the NSE. This dramatic rally is fueled by the anticipation surrounding the planned divestment event.Details of the Massive Public OfferingThe IPO is estimated to be worth approximately Rs 30,000 crore. The structure of the...

Procter & Gamble Health Limited Reports Strong Financials for FY2025-26, Driven by Integrated Strategy and Savings Procter & Gamble Health Limited has announced a strong year of balanced growth for the fiscal year 2025-26. The company reported significant increases in sales and profit (PAT), underpinned by strategic initiatives focused on consumer delight and operational efficiency.The financial results indicate robust performance across the portfolio, showing consistent advancement. For FY 2025-26, Procter & Gamble Health recorded a 16% increase in Sales and a 30% growth in PAT.Operational Efficiency and Strategic Focus A key aspect of the company’s strategy involves productivity to fuel investments and executing constructive...

Brigade Enterprises Announces Bonus Share Allotment and Adjusts Stock Option Plans Brigade Enterprises Limited announced the allotment of bonus equity shares, alongside adjustments made to two of its Employee Stock Option Plans. The Committee of Directors approved these changes during a meeting held on June 18, 2026.The Company has allotted 81,540,595 fully paid up bonus equity shares at Rs. 10/- each. This allotment was made in the ratio of one bonus equity share for every three equity shares held by eligible members. The record date for this distribution was set as June 17, 2026.Following the bonus issue, the paid-up equity share capital of the Company increased from Rs. 244,62,17,850/- to Rs. 326,16,23,800/-. The allotted bonus...

Rossell Techsys Limited Executes Inter-se Gift of Shares from Promoter to Family Trusts Rossell Techsys Limited has recorded an off market inter-se transfer of shares, executed by way of a gift, involving its promoter. This transaction relates to the gifting of shares by Mr. Harsh Mohan Gupta to two family trusts within the Promoter Group.The share transfer took place on 17 June 2026. The details of the transaction include:Mode: Inter-se transfer (Off market) by way of Gift of shares. Transferor: Mr. Harsh Mohan Gupta, a promoter. Transferees: Harsh Samara Gupta Trust and Harsh Rishab Gupta Trust. Shares Transferred: 100 shares were transferred to each trust.The transaction represents an internal restructuring within the promoter...

Resilience Rally: Why Heritage Foods’ Strategic Pivot Is Making It a Low-Cycle Defensive Powerhouse The Indian dairy sector is notoriously volatile, often tethered closely to agricultural commodity prices and supply chain shocks. Against this turbulent backdrop, Heritage Foods has executed a decisive strategic pivot, positioning itself not merely as a dairy player but as a defensive investment fortress. This move towards less cyclical operations aims directly at mitigating market risk, setting the company apart from its peers in the highly competitive sector.Strategic Repositioning for Stability Heritage Foods is actively reshaping its business model to insulate it from extreme fluctuations inherent in commodity-driven agriculture...

Steel Exchange India Limited Repays Term Loan, Reaching ₹86 Crore Debt Reduction Milestone Steel Exchange India Limited (SEIL), a leading integrated steel manufacturer specializing in TMT rebars under its brand 'SIMHADRI TMT', has announced a significant advancement in its deleveraging efforts. The company recently repaid ₹15 crore towards its Term Loan facilities, reinforcing its commitment to strengthening the balance sheet and prudent financial management.This repayment, which accounts for approximately 5.5% of the total outstanding debt, continues SEIL's disciplined approach to financial restructuring. This action follows previous reductions, including a redemption of ₹43.19 crore towards Non-Convertible Debentures (NCDs) and an...

Kirloskar Ferrous Shares Surge Near 12% on Securing Major $13.5M Export Order Kirloskar Ferrous Industries saw a significant rally in early trade on Thursday, climbing nearly 12 percent. The surge was triggered by the announcement that the company secured a substantial export order worth around $13.51 million.The stock closed at ₹497.55 after touching highs of 11.99 percent, placing it among the top gainers on the NSE. This robust response reflects investor confidence following the major contract win.Details of the International Export Deal The company confirmed in an exchange filing that the deal involves supplying pig iron to a customer based in London. The total order value is $13.51 million for 30,000 metric tonnes of...

IT Stocks Plunge as Fed Signals Rate Hike Risk, Dragging Nifty Despite Broader Market Stability Shares of the Indian Information Technology (IT) sector faced significant pressure in early trading on Thursday, making it the worst-performing sectoral index on the NSE. This decline occurred despite the general resilience and gains seen across several domestic sectors within the broader market. The downturn was primarily attributed to signals from the US Federal Reserve concerning potential future interest rate increases.Technology Sector Weakness Follows Global Sell-off The Nifty IT index, at 9:16 am, registered a decline of 1.8 percent. Major players within the sector experienced steep losses. Infosys fell by 2.3 percent, while HCL...

Bond Yield Surges to 6.87% as Hawkish Fed Signals Fuel Global Debt Concerns The benchmark 10-year government bond yield rose significantly on June 18 following a hawkish signal from the US Federal Reserve. The movement tracked a weakening rupee, driven by a combination of dollar strength and reduced appetite for Indian debt instruments.The 10-year bond yield concluded the trading session at 6.8703 percent, up slightly from the previous day's close of 6.8626 percent. This uptick in yields was observed amid reports of accelerating interest rate hike possibilities later this year.US Central Bank Holds Rates But Future Hikes Remain a Possibility The U.S. central bank maintained its benchmark interest rate steady, holding it within the...