Markets

Bharati Defence and Infrastructure Limited Approves Amalgamation Scheme of ETPL and HSTPL Bharati Defence and Infrastructure Limited (BDIL) has approved a comprehensive scheme of amalgamation involving two companies, Exicom Technologies India Private Limited (ETPL) and Hind Simulation Training Private Limited (HSTPL), with the transferee company. The decision was made by the Board of Directors during its meeting on June 17, 2026.The Scheme encompasses the consolidation of ETPL and HSTPL into Bharati Defence and Infrastructure Limited. The merger has been determined to be at arm's length basis following a valuation report issued on June 12, 2026, by an Independent Registered Valuer, supported by a fairness opinion from a SEBI...

5Paisa Capital Limited Announces Chief Compliance Officer Resignation 5Paisa Capital Limited has announced that Mr. Sudhendoo Ganddhi has resigned from his position as Chief Compliance Officer. The company confirmed that the resignation was accepted and became effective at the close of business hours on June 16, 2026.The primary reason cited for the departure is to pursue career opportunities outside of the organization.Key details regarding the change in leadership role are summarized below:ParticularsDetailsPositionChief Compliance OfficerResignation ReasonTo pursue career opportunities outside the organizationCessation DateJune 16, 20265PAISA Stock Price Movement Shares of 5Paisa Capital Limited today shed value...

Mahindra Summit Agriscience Loses Subsidiary Status as Investment Restructure is Completed Mahindra & Mahindra Limited has seen a shift in its investment status regarding Mahindra Summit Agriscience Limited (MSAL) following new agreements between the company, its subsidiary, and Summit Agro International Limited (SAI). The completed transaction means MSAL will transition from being a subsidiary of MASL to an associate while maintaining its joint venture status with SAI.Mahindra Agri Solutions Limited (MASL), a subsidiary of Mahindra & Mahindra Ltd, along with Summit Agro International Limited (SAI) has been involved in restructuring the ownership and governance of MSAL. The company recently signed a Share Subscription Agreement (SSA)...

Yes Bank Stock Surges Above Key Resistance in Four Days as Rally Nears Two-Year High Yes Bank shares continued their bullish momentum on Wednesday, settling significantly higher and extending a strong four-day rally. The stock closed at ₹25.14 per share on the NSE, marking a substantial gain of 5.23 percent for the day. This performance brings the stock's gains over the past four trading sessions to an impressive 12.55 percent.The daily climb saw Yes Bank reach an intraday high of ₹25.46, reaching its highest level in nearly two years. The rally underscores growing investor confidence in the state-backed financial institution.Strategic Partnerships and Market Activity Beyond the daily gains, market activity provided further support...

Waaree Renewable Technologies Secures Major Scope Enhancement for Solar Power Plant EPC Contract Waaree Renewable Technologies Ltd has announced a significant enhancement in the scope of work under its existing contract for the Engineering, Procurement, and Construction (EPC) works for a large-scale solar power plant. The company confirmed that the order represents an increase in the commercial value of the project.The enterprise is executing EPC works for a Solar Power Plant with a capacity totaling 980 MWp / 700 MWac. The contract relates to a Commercial Order awarded by one of India's leading Renewable Energy companies, and the scope enhancement has been successfully secured.According to the details provided, the commercial order...

Ownly Disrupts Food Delivery Market with Zero-Commission Model to Tackle Hidden Costs Ownly has entered India's intensely competitive food delivery space, directly addressing a core consumer pain point: the difference between a menu price and the final bill amount. The zero-commission platform aims to fundamentally restructure how costs are handled in the culinary service industry by separating the cost of the meal from the associated delivery charges.The launch of Ownly highlights growing market dissatisfaction regarding opaque pricing structures within the current food tech ecosystem. Diners frequently experience meals priced reasonably on the menu, only to face noticeable increases when the bill is finalized due to various platform...

PM’s Strong Address at G7 Ignites Optimism: India Pushes Narrative for Robust Global Economic Growth India’s Prime Minister delivered a highly anticipated statement during the G7 Summit Outreach session, centering the global conversation squarely on sustainable economic growth. The address aimed to articulate India's powerful position as a key driver of emerging market vitality and stability. By framing the discourse around long-term structural resilience, the Prime Minister set an ambitious tone for international cooperation in developing economies.The speech focused intently on identifying the core challenges facing global economic progression. This comprehensive assessment provided a clear blueprint for future collaboration among...

Anondita Medicare Sponsors Soft Tennis Player Shanish Mani Misra at International Tournament in Korea Anondita Medicare Limited has announced its sponsorship of Indian soft tennis player Shanish Mani Misra for his participation in the NH Nonghyup Bank Incheon Korea Cup International Soft Tennis Tournament 2026.The prestigious association supports Mr. Misra as he represents India at the international competition. The tournament commenced on June 15 and is scheduled to conclude on June 22, 2026, taking place at the Incheon Yeorumul Tennis Stadium in the Republic of Korea.Anondita Medicare has committed its support to Shanish Mani Misra, enabling him to compete alongside leading soft tennis players from various countries. His selection...

DCX Systems Receives Tax Demand for Excess ITC Claim Pertaining to FY 2022-23 DCX Systems Ltd has received an order from the Commercial Taxes Department, Government of Karnataka, detailing a substantial tax demand related to an excess Input Tax Credit (ITC) claim made by the company.The company received electronic communication regarding the matter from the Office of the Deputy Commissioner of Commercial Taxes (Large Taxpayer Unit) on June 16, 2026. The order alleges that DCX Systems committed a contravention through an excess ITC Claim during the Financial Year 2022-23.The department has demanded a total amount of Rs. 1,46,07,907 from DCX Systems Ltd. The demand comprises amounts for tax, interest, and penalty.Financial details...

Nibe Ltd Successfully Demonstrates Garudastra Mortar System’s Precision Strike Capabilities for Indian Army Nibe Limited, in technical collaboration with a foreign Original Equipment Manufacturer (OEM), successfully showcased the advanced capabilities of Garudastra, its Long Range 120mm Vehicle Mounted Mortar and Bomb System. The demonstration, conducted at the Infantry School in Mhow on June 17, 2026, highlighted rapid shoot-and-scoot operations, high rate of fire, Multiple Rounds Simultaneous Impact (MRSI), and precise target engagement using GPS and Laser guidance.The tactical exercises commenced with a simulated Shoot & Scoot mission. Garudastra occupied a temporary firing position, coming into action in under 30 seconds and...

JLA Infraville Shoppers Limited Admitted to CIRP Following Financial Debt Default; IRP Appointed The Corporate Insolvency Resolution Process (CIRP) has been commenced against JLA Infraville Shoppers Limited, following an order by the National Company Law Tribunal (NCLT), Bengaluru Bench. The process was initiated after a petition filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, which established that the company had defaulted on a significant financial obligation.The NCLT, in its Order dated April 16, 2026, admitted the application, thereby commencing the CIRP against JLA Infraville Shoppers Limited. A moratorium under Section 14 of the Insolvency and Bankruptcy Code came into effect from April 16, 2026.Mr. Dinesh...

GST Demand Issued Over Erroneous Refund Claims by Lyka Labs Ltd Lyka Labs Limited has received a Show Cause-cum-Demand Notice from the Office of the Principal Commissioner of CGST & Central Excise, Mumbai East. The notice relates to an alleged erroneous refund claim totaling Rs 73,22,077/- made by the company over a period spanning F.Y. 2020-21 to 2024-25.The demand arises from the contravention of Rule 96(10) of the CGST Rules, 2017. The authority has alleged that Lyka Labs availed ineligible refunds of Integrated Goods and Service Tax (IGST) on exports made under Advance Authorization, resulting in the availment of a double benefit.The total IGST amount against exports undertaken by the company under advance licenses for the...

Promoter Sells Equity in Bosch Home Comfort India Ltd through Stock Exchange Offer Bosch Global Software Technologies Private Limited, a promoter of Bosch Home Comfort India Ltd, has initiated an Offer for Sale (OFS) of equity shares of the company. The sale is being conducted through stock exchanges and includes both a base offer size and an oversubscription option.The Seller, Bosch Global Software Technologies Private Limited, has announced the terms for selling up to 1,963,994 Equity Shares, representing 7.22% of the total issued and paid-up Equity Share capital (the Base Offer Size). This is in addition to an Oversubscription Option allowing the sale of up to 202,634 Equity Shares, which represents 0.75% of the company's total...

Kedia Construction Reduces Share Capital and Completes Amalgamation with Kirti Investments Limited Kedia Construction Company Limited (KCCL) has executed a significant restructuring of its capital structure, completing both a substantial reduction in the face value of its equity shares and the amalgamation of Kirti Investments Limited into the Transferee Company. This comprehensive scheme aims to streamline operations, improve capital efficiency, and optimize organizational capability within the real estate sector.The capital reduction pertains to the issued share capital of KCCL. Previously, the paid-up share capital stood at Rs 1,50,00,000 (Rupees One Crore Fifty Lakhs), represented by 30,00,000 equity shares with a face value of Rs...

Axis Bank Debunks AI Vulnerability Claims, Citing Digital Resilience and 40% Fraud Reduction Amid Cyber Scrutiny Axis Bank has strongly asserted that its digital infrastructure remains secure despite heightened industry focus on advanced AI models and their potential to identify banking cybersecurity weaknesses. The private sector lender stated that cyber fraud incidents predominantly result from customers being deceived via external communication rather than from vulnerabilities within the bank’s own systems.Senior officials at the institution confirmed that it maintains an unblemished record regarding data security in its operations, assuring stakeholders that no fraud has arisen due to gaps in the bank's core cybersecurity...

SEBI Issues Major Warning: Investors Must Halt Trading Unlisted Shares on Unauthorized Online Platforms Securities and Exchange Board of India (SEBI) has issued a stern caution to investors regarding the trading of unlisted public company shares. The regulator warned against buying or selling these securities through any unauthorized online platforms or websites, emphasizing that such sites lack official recognition and regulatory oversight.In its press release, SEBI alerted that it has received reports concerning several electronic platforms facilitating transactions in the unlisted securities of various public limited companies. The Board reiterated unequivocally that only recognized stock exchanges are authorized to provide a...

Smiths & Founders and SKF Elixer Execute Merger Agreement for Growth and Diversification Smiths & Founders (India) Limited has executed a Merger Agreement in connection with the proposed merger of SKF Elixer India Private Limited with Smiths & Founders (India) Limited. This strategic combination aims to achieve growth and diversification across the combined entity's operations.The two companies involved in the amalgamation are operating within the Engineering and Capital Goods sectors. The transaction was confirmed as not falling under related party transactions.Details regarding the entities forming part of the merger include their financial standing:Company NamePaid Up CapitalTurn OverBusiness AreaSmiths & Founders (India)...

RBI Rejects Offshore Settlement for Sovereign Bonds, Prioritizing Domestic Liquidity on NDS-OM Platform Three sources familiar with the matter have revealed that the Reserve Bank of India (RBI) is not planning to enable direct offshore settlement of government securities through major international platforms like Euroclear. This decision comes despite recent significant tax reforms aimed at attracting a broader base of foreign investors into Indian sovereign bonds. The central bank maintains a preference for all related transactions to occur on its domestic Negotiated Dealing System-Order Matching (NDS-OM) platform, an electronic system designed for secondary market trading in government bonds.RBI's Preference for Domestic Market...

Aris International Ltd Shifts Registered Office within Mumbai Aris International Ltd has updated its corporate structure, confirming that its Board of Directors approved the relocation of the company's Registered Office. The change involves shifting the office location while remaining within the local limits of Mumbai and the State of Maharashtra.The decision was formalized during a Board meeting held on June 17, 2026.The company previously operated from an address in the Bandra-Kurla Complex, which is being replaced by a new office space in Goregaon East. The details of both locations are provided below:ParticularsAddressExisting Registered Office03B124 at WeWork, Enam Sambhav, C-20, G Block, Bandra-Kurla Complex, Mumbai -...

Bharat Innovates 2026 Concludes in Nice, Solidifying India's Rise as a Global Deep-Tech Powerhouse The conclusion of Bharat Innovates 2026 in Nice marks a pivotal moment for the global technology ecosystem. The event’s success has significantly reinforced India's standing on the international stage, positioning the nation as a formidable and burgeoning hub for deep-tech innovation. This milestone reflects the rapid maturation of India's research and development sector.The gathering served as a high-level platform to showcase cutting-edge technological advancements originating from Indian innovators. By successfully hosting such a significant conference, India has demonstrated its capability to attract and nurture world-class...