Markets

Cult.fit to Launch ₹3,500-₹4,000 Cr IPO as Company Achieves EBITDA Profitability Milestone Cult.fit Private Limited is reportedly preparing to file its Draft Red Herring Prospectus (DRHP) this month for a massive Initial Public Offering (IPO). The fitness giant, which operates across multiple formats, is positioning itself at the forefront of India's growing health and wellness market.The IPO is anticipated to be structured as a mix involving both fresh issue and an Offer For Sale (OFS), allowing existing shareholders to participate in the listing. This move comes after the company delivered significant improvements in its financial metrics.Fitness Ecosystem Drives Strong Revenue Growth for Cult.fitCult., founded in 2016, offers a...

Zhipu Shares Rocket 170% Amidst Intense China AI Showdown: Model Quality Trumps Price Cuts A high-stakes winner-loser trade is solidifying within China’s rapidly evolving artificial intelligence sector. Investors are increasingly differentiating between market leaders, betting heavily on the company perceived as having a superior model over its struggling rival.Shares of Zhipu, formerly Knowledge Atlas Technology JSC Ltd., have surged by 170% since March in Hong Kong. Meanwhile, MiniMax Group Inc.’s stock has fallen around 50%, highlighting a dramatic divergence between the two AI heavyweights. Analysts suggest that this trend is set to gain momentum in early July as significant IPO lockup shares for MiniMax are scheduled to hit the...

Citi Maintains 'Buy' on Vedanta Aluminium Stock as Global Supply Deficits Fuel Potential Rally Vedanta Aluminium Metal Ltd faces investor caution despite its post-listing slump, yet a strong underlying fundamental thesis continues to support the company. Citi has initiated a positive catalyst watch on the newly listed stock, maintaining a ‘buy’ rating and setting a target price of Rs 560 per share. This bullish outlook suggests significant upside potential for the pure-play aluminum producer.Analyst Outlook Targets 20% Upside Driven by Aluminum Price Strength The maintained 'buy' rating from Citi projects an approximate 20 percent upside from the stock’s Wednesday closing price of Rs 467. Currently, the market capitalization of...

Rupee Snaps Winning Streak as Hawkish Fed Signals Possible Rate Hike Later This Year The Indian rupee reversed its four-day winning streak, opening 13 paise lower on June 18. The currency faced increased caution in the foreign exchange market following a hawkish tilt from the US Federal Reserve (Fed). The Fed's remarks suggested that an interest rate hike is possible later in the year, immediately tempering investor sentiment.The rupee traded at 94.66 against the dollar, moving down from its closing level of 94.53 in the previous session. While this slight dip reversed a short-term trend, the currency has shown resilience over longer periods. Since the June monetary policy meeting, the rupee has appreciated by approximately 1.5...

Mobavenue AI Secures International Order Worth INR 10.02 Crore through UK Subsidiary Mobavenue AI Tech Limited (MATL), a global AI-powered AdTech and consumer growth company, has secured an international order worth approximately INR 10.02 Crore. The deal was finalized through its wholly owned subsidiary in the United Kingdom, Mobavenue Global Holdings Limited.The engagement involves using MATL's AI-powered consumer growth and technology platforms to support a customer's digital growth objectives. This significant order reflects the growing adoption of AI-led digital advertising and consumer growth solutions within international markets.The contract is set to contribute substantially to the company’s international revenue base...

Geopolitical Calm Spurs Precious Metals Cautious Rally as Investors Await US-Iran Deal Confirmation Global Bullion Trends See Marginal Dip Amid Easing Tensions Precious metals experienced a slight downturn in early trading on June 18, responding to marginally easing geopolitical tensions. International spot gold prices were noted down by 1.14 percent to $4,331.40 per ounce. Silver also edged lower by 2.66 percent, settling at $68.88 per ounce over the last 24 hours in Comex trade.The market is currently focused on the US-Iran negotiations. As long as these talks remain viable and do not collapse, the overall outlook for bullion commodities remains constructive. Any movement toward a formal agreement could reduce current geopolitical...

Waterways Leisure Tourism Launches Crucial IPO as Cruise Market Explodes with ₹585 Crore Fresh Issue Mumbai-based Waterways Leisure Tourism Ltd has officially set the price band for its Initial Public Offering (IPO), targeting Rs 769 to Rs 808 per share. This significant debut marks a move by the cruise operator into the public markets, signaling strong confidence in the growth trajectory of the tourism sector. The IPO is scheduled to go live for subscription on June 23.Key Details and IPO Timeline The issuance comprises an entirely fresh issue of shares, amounting to Rs 585 crore, with no associated offer-for-sale component. At the upper end of the price band, Waterways Leisure Tourism is projected to achieve a post-listing valuation...

Man Industries and NPC Secure New Orders totaling Rs. 1,000 Crores; Order Book Reaches Rs. 4,100 Crores Man Industries (India) Limited and its subsidiary in Saudi Arabia, National Pipe Company Limited (NPC), have secured new orders totaling approximately Rs. 1,000 crores. These announcements reflect the robust business environment and underscore the trust that customers place in the technological and executional capabilities of both companies.The recent contracts involve two separate orders: one valued at approximately Rs. 300 crores and another valued at approximately Rs. 700 crores. Both orders relate to domestic and international clients for the supply of various types of pipes, with a specified execution period of six to nine...

Geopolitical Tides Turn: G7 Optimism and Iran Breakthrough Ignite Rally as Experts Identify Key Sector Winners Despite a challenging period dominated by global trade tensions and supply-chain risks, recent diplomatic developments are lifting market sentiment globally. Reports of an interim peace agreement nearing signing between the United States and Iran, coupled with constructive outcomes from the recent G7 summit, suggest that some of these systemic risks may be easing.While improving investor mood has been evident, experts caution that global risks have not entirely dissipated. Trade policies, geopolitical events, and shifts in supply chains will continue to influence capital flows and sector performance across international...

Milijignesh Sheth Acquires Shares of Multiplus Holdings Ltd, Boosting Holding to Over 11% Milijignesh Sheth, acting as part of the Promoter Group, has acquired shares in Multiplus Holdings Limited. The acquisition was executed via an off-market transaction on June 16, 2026.The purchase significantly increased the holding of Milijignesh Sheth and associated Persons Acting in Concert (PAC) in the target company. Prior to this transaction, the acquirer held 1,48,125 shares, which accounted for 7.88% of the total voting capital. Following the acquisition, the combined holding stands at 2,10,125 shares, representing 11.17% of the total diluted share/voting capital.The details of the pre and post-acquisition holdings are provided in the...

Promoters Execute Inter-se Share Transfers in Apis India Ltd Members of the Promoter Group have completed inter-se transfers involving shares of Apis India Ltd., resulting in changes in holding percentages for individual members, according to disclosed details. The transactions were categorized as off-market transfers between immediate relatives and were executed through a Gift mechanism.The movement of shares by Mr. Amit Anand saw an increase in his stake in the company. Previously holding 2,44,85,825 shares, which constituted 17.78% of the total share capital, Mr. Anand acquired 1,07,00,000 shares (representing 7.77% of the total share capital). Following the acquisition, his total holding stands at 3,51,85,825 shares, translating...

Aneel Jain Acquired Shares in Open Market for Indo City Infotech Ltd. Aneel Jain, who is part of the Promoter group, has acquired additional shares of Indo City Infotech Limited in the open market on June 16 and June 17, 2026. The transaction resulted in a slight increase to his holding in the company.The acquisition details show that Aneel Jain's pre-acquisition holding was 2,050,000 shares carrying voting rights, representing 19.71% of the total diluted share voting capital of Indo City Infotech Limited.In the recent open market transaction, 7,500 shares carrying voting rights were acquired by Aneel Jain. This acquisition amounts to 0.07% of the total diluted share voting capital.Following this acquisition, his holding increased...

Acquiring Entities Increase Holding in Navigant Corporate Advisors Limited Through Open Market Purchase Entities, including Alacrity Securities Limited and Genz Investment Advisors Private Limited, increased their stake in Navigant Corporate Advisors Limited through an open market purchase of shares carrying voting rights. The acquisition was completed on June 16, 2026.The acquiring parties are listed as Alacrity Securities Limited, Genz Investment Advisors Private Limited, Kruppa Mehta, Hiten R. Mehta, and Aikyata Advisory LLP. The entities are not associated with the Promoter group of Navigant Corporate Advisors Limited.Transaction OverviewDuring the open market purchase, the combined holding of the acquirers in Navigant...

Satin Creditcare Network Ltd Board Meeting Set To Consider INR 5,000 Crore Non-Convertible Debenture Issuance Satin Creditcare Network Ltd has scheduled a meeting of its Board of Directors to consider a significant proposal for raising funds through the issuance of Non-Convertible Debentures (NCDs). The company is exploring the possibility of raising up to INR 5,000 Crore in one or more tranches.The Board meeting is set to take place on Tuesday, June 23, 2026.During the meeting, the directors are expected to review the proposal detailing the fundraising plan, which involves issuing Non-Convertible Debentures (NCDs) via a private placement basis. The potential funds sought amount to up to INR 5,000 Crore.The issuance of these NCDs...

Consortium Acquires Shares of Navigant Corporate Advisors Limited in Open Market Purchase A group of investors, including Alacrity Securities Limited, Genz Investment Advisors Private Limited, Kruppa Mehta, Hiten R. Mehta, and Aikyata Advisory LLP, significantly increased their stake in Navigant Corporate Advisors Limited through an open market purchase. The acquisition was completed on June 16, 2026.The acquiring parties, who were not categorized as promoters or part of a promoter group, utilized the open market to acquire shares carrying voting rights in Navigant Corporate Advisors Limited. This transaction marks a substantial increase in their collective holding and stake in the company's structure.Acquisition Details and Stake...

Capri Global Ventures Increases Stake in Ironwood Education Ltd Through Share Acquisitions Capri Global Ventures Private Limited, formerly known as Capri Global Holdings Private Limited, has increased its holding in Ironwood Education Ltd following a series of share acquisitions. The acquisition was completed on June 10, 2026.The purchases were made by Capri Global Ventures Private Limited and Dnyaneshwar Trading and Investment. The mode of acquisition involved the purchase of 9,00,000 shares through open market purchases. This transaction followed an initial acquisition of 600,000 Equity Shares pursuant to a preferential allotment.Prior to these transactions, Capri Global Ventures Private Limited held 45,000 shares and had a total...

Promoter Group Member Sells 36,223 Shares of Kotyark Industries Ltd in Open Market Transaction A member of the Promoter Group has disposed of equity shares of Kotyark Industries Ltd through open market transactions spanning mid-June 2026. Mrs. Bhaviniben Gaurang Shah, acting as part of the Promoter Group, completed the sale across two consecutive days, resulting in a total reduction of her holding.The transaction details indicate that Mrs. Bhatviniben Gaurang Shah sold a combined total of 36,223 shares of Kotyark Industries Ltd. These disposals occurred over two days: June 15, 2026, and June 16, 2026. The sales were conducted through the open market.The breakdown of Mrs. Shah’s share disposal is as follows:Date of TransactionNo...

GIFT Nifty Signals Cautious Start as Markets Assess Geopolitical Calm vs. Federal Reserve's Hawkish Stance Indian benchmark indices are set for a measured start on Thursday, with market participants balancing conflicting global cues. The positivity generated by easing geopolitical tensions and sharply lower crude oil prices must now be weighed against the cautionary signals emanating from the US Federal Reserve. This balance forms the core of investor sentiment ahead of continued domestic trading.GIFT Nifty futures trading at 24,055 (down 45 points or 0.2 percent) provided a muted outlook for the day's opening. This contrasts sharply with Wednesday’s strong performance where both benchmark indices saw significant gains. The Sensex...

Dollar Surge Breaks Records on Fed Hike Bets; Yen Plummets Near Intervention Line The US dollar solidified its strength, climbing significantly higher as global markets intensified their expectations for future Federal Reserve rate hikes this year. The rally comes amid lingering geopolitical uncertainties in the Gulf region, which have kept crude oil prices elevated and provided continued support to the greenback.Dollar Index Climbs Amid Aggressive Rate Expectations The dollar index, which measures the strength of the USD against a basket of currencies including the euro and yen, registered at 100.31. The instrument saw notable gains in the previous trading session, surging 0.85% to reach one of its strongest single-day levels since...

Vetic Secures $40 Million to Scale Veterinary Care into National Home Services and AI Health Platform Pet healthcare giant Vetic has closed an internal funding round, raising a substantial $40 million. The capital infusion is set to fuel aggressive expansion across pet clinics, at-home care services, and specialized insurance offerings. Bessemer Venture Partners (BVP) led the investment round, with participation from Greenoaks Capital, Lachy Groom, and JSW Family Office.This significant funding move solidifies Vetic’s position as a key player in the rapidly growing pet wellness market. The company plans to leverage this capital to expand its extensive clinic network and scale its veterinary workforce nationally.Expanding Pet Health...