Markets

Gold Plunges by ₹4,800 as Investors Await US Federal Reserve Decision and Geopolitical Developments Precious metal prices experienced a significant downturn on Wednesday as domestic traders shed caution and decided against holding inventory. Gold plummeted by Rs 4,800, settling at Rs 1,54,400 per 10 grams (inclusive of all taxes). Silver also saw a sharp decline, falling by Rs 5,300 to trade at Rs 2,55,400 per kilogram.The overall trend was marked by weak domestic demand for the second consecutive day. Investors appear to be prioritizing opportunities in firm equity markets over precious metals amid uncertainty. The sharp fall came after gold had closed the previous session at Rs 1,59,200 per 10 grams.Global and Domestic Price Slide...

Uno Minda Limited Receives Anti-Dumping Duty Order from Customs Authorities Uno Minda Limited has received an order regarding Anti-Dumping Duty pertaining to imported machinery from the Office of the Commissioner of Customs, Jawaharlal Nehru Custom House in Nhava-Sheva, Maharashtra. The company stated that it intends to contest the said orders and does not foresee any material impact on its financial or operational activities following the directive.The customs authority issued a demand for duty related to the import process, as per the received order.Key details regarding the enforcement action are summarized below:ParticularsDetailsAuthority NameAddi. Commissioner of Customs (Jawaharlal Nehru Custom House, Nhava-Sheva...

Stock Exchanges Accept Penalty Waiver for Delayed Financial Results Submission by Rana Sugars Ltd. Rana Sugars Ltd has received confirmation regarding the acceptance of its waiver application concerning penalties imposed by stock exchanges following a delay in submitting quarterly financial results.The company was penalized by both BSE Limited and National Stock Exchange of India Limited (NSE) after failing to submit the Financial Results for the quarter ended 31st December, 2024, which were submitted on 28th February, 2025, resulting in a delay of 12 days. For this delayed submission, BSE and NSE each levied a penalty of ₹70,800/- based on communications dated 12th March, 2025.Seeking relief from these penalties, Rana Sugars Ltd...

Pro Fin Capital Services Announces Board Meeting to Discuss AGM and Share Capital Increase Pro Fin Capital Services Ltd has announced a meeting of its Board of Directors scheduled for Thursday, June 25, 2026. The meeting is set to address several key corporate decisions, including the conduct of the company's 35th Annual General Meeting (AGM) and a proposal to increase the company's authorized share capital.The agenda items slated for discussion include finalizing the date, time, venue, and mode of conducting the 35th AGM. The Board is also expected to approve the Director's report along with relevant annexures. Furthermore, the meeting will address the approval of book closure procedures required for the 35th Annual General Meeting...

Balkrishna Industries Limited Appoints Saroj Kumar Khuntia as New Chief Financial Officer Balkrishna Industries Limited has announced a change in its key managerial personnel following the Board of Directors' meeting held on June 17, 2026. The company confirmed the superannuation of Mr. Madhusudan Bajaj from the role of Chief Financial Officer (CFO), and appointed Mr. Saroj Kumar Khuntia as the new CFO with effect from June 18, 2026.Mr. Madhusudan Bajaj ceased to be the Chief Financial Officer and Key Managerial Personnel upon attaining the age of superannuation, in line with the company's policy, effective at the closing of business hours on June 17, 2026. The Board placed on record its appreciation for his contributions during his...

Oberoi Realty Appoints Babu John as Senior Vice President - Construction Oberoi Realty Limited has appointed Mr. Babu John as Senior Vice President - Construction, effective June 17, 2026. The appointment of the senior management personnel is part of the company's leadership updates in its construction division.The position of Mr. Babu John at Oberoi Realty Limited is contractual and is subject to the employment policy established by the company.Mr. Babu John brings extensive experience to the role, possessing over 25 years of expertise across the hospitality and entertainment project sectors. His background includes comprehensive knowledge in Project Leadership, Strategic Planning, Project Lifecycle Management, and Operational...

Takyon Networks Secures INR 1 Crore Work Order from North Central Railway for CCTV System Provision Takyon Networks Ltd has been awarded a contract valued at INR 1,67,45,372.23 to supply a CCTV system for yard monitoring across four stations of the Agra Division, managed by the North Central Railway.The work order was granted by the AGRA DIVISION-S AND T DRM Office, located in Uttar Pradesh. This contract is part of the stipulations outlined in Tender No. AGRA-ST-2026-18, which closed on April 27, 2026.The project involves providing a comprehensive CCTV system intended for yard monitoring at the specified stations within Agra Division. The entire scope of work is designated as domestic in nature.According to the contract details...

FMCG Titans Surge to Capitalize on Gulf Demand Recovery as US-Iran Tensions Ease Fast-Moving Goods Sector Eyes Regional Upswing Post Geopolitical De-escalation Indian fast-moving consumer goods (FMCG) companies are aggressively positioning themselves for a rebound in regional demand. After nearly four months of conflict and economic uncertainty, the sector is bracing to capitalize on the potential normalization of tensions between the US and Iran. Companies operating across the Middle East anticipate improved market conditions as instability subsides.Before the easing of hostilities, consumer spending had faced considerable strain. The conflict led many Indian and Asian expatriates to depart the Middle East, which directly reduced...

Avro India Limited Secures Approvals for Listing 10.6 Lakh Equity Shares on Preferential Basis AVRO INDIA LIMITED has successfully obtained In-Principle Approval from the National Stock Exchange of India (NSE) and approval from BSE Ltd for the listing of a significant tranche of equity shares. The approvals concern the public offering of shares to non-promoters on a preferential basis.The company secured the necessary permissions for the listing of 10,60,900 equity shares at Rs. 10/- each. These approvals are crucial steps allowing Avro India Limited to proceed with the planned share issuance and subsequent public trading. The approval from NSE was received via a letter dated June 15, 2026, while the corresponding approval from BSE...

Sheetal Universal Limited Receives Rs 45 Lakhs for Second Tranche of Preferential Convertible Warrants Sheetal Universal Limited announced that its Board of Directors approved the receipt of consideration for the second tranche of convertible warrants, following a meeting held on June 17, 2026.The company received cash consideration amounting to Rs 45,00,000/- against the allotment of 14,20,000 Convertible Warrants. This transaction falls under a preferential basis for the Non-Promoter Category.Details regarding the issued warrants are as follows:ParticularValueTotal Warrants Allotted14,20,000Issue Price per WarrantRs 210.00/-Premium per WarrantRs 200.00/-Face Value per WarrantRs 10.00/-The consideration for the...

SEBI Slams Adhunik Ventures: ₹5.16 Lakh Demand Issued Over Illiquid Stock Options; Recovery Order Serves as Severe Compliance Warning The Securities and Exchange Board of India (SEBI) has issued a stringent Notice of Demand dated June 17, 2026, against Adhunik Ventures Private Limited. The regulatory action pertains to violations concerning illiquid stock options, resulting in a demand for a significant sum. This issuance underscores SEBI's zero-tolerance approach towards corporate compliance breaches related to incentive structures and securities handling.The notice details a total outstanding amount of ₹5,16,000/- due from Adhunik Ventures Private Limited. The recovery certificate specifies the exact composition of the dues...

RBI Extends Crucial Regulatory Directions for Gauhati Co-operative Urban Bank Ltd. Amid Compliance Review The Reserve Bank of India (RBI) has formally extended specific directives concerning The Gauhati Co-operative Urban Bank Ltd., Guwahati. This regulatory action ensures continued oversight regarding compliance requirements outlined under the Banking Regulation Act, 1949.The extension covers directions originally issued to the bank under Section 35A read with Section 56 of the said Act. The decision signifies ongoing engagement between the central regulator and the cooperative institution.Extension Period and Regulatory Mandate Details The original directive was first issued by the RBI on December 17, 2025. This initial mandate...

HDFC Bank Secures Massive $750 Million Deal to Fund Global Expansion Navigating Global Capital Markets: HDFC Bank Taps Foreign Investors HDFC Bank is set to raise a substantial $750 million through the issuance of five-year dollar-denominated bonds. This strategic move leverages the bank's offshore operations at its GIFT City branch.The bond offering is structured under the medium-term note (MTN) programme. According to information reviewed by Moneycontrol, the notes are set to be listed on both the India INX International Exchange IFSC and the NSE International Exchange.Terms and Pricing of the MTN Program A term sheet indicates that these five-year notes will be priced at 90 basis points (bps) above the comparable five-year US...

Vedanta Iron and Steel Aims for Giant Leap as Resource Reserves Fuel Integrated Steel Growth Vedanta Iron and Steel Ltd (VISL) announced a significant strategic pivot after its listing, declaring an ambition to become a major resource-backed integrated steel platform. The company states this goal is fundamentally driven by the security provided by its long-life reserves and its commitment to operational integration across the value chain.The newly listed VISL aims to create enduring value spanning both the iron ore and steel sectors. This ambitious focus involves expanding capacity in several high value added products, including wire rods, rebars, ductile iron pipes, and high silicon iron.Iron Ore Reserves Guarantee Long-Term...

Manipal Hospitals Set for Mega IPO: Targeting \$10 Billion Valuation in July Rally Manipal Health Enterprises Pvt., the company behind the extensive Manipal Hospitals chain, is reportedly preparing a massive initial public offering (IPO) that could be launched as early as next month. The venture aims to target an impressive valuation of approximately $10 billion, marking a significant milestone for the healthcare sector in India.The Temasek Holdings Pte.-backed entity has recently concluded critical investor meetings related to the listing. While deliberations are ongoing and details remain fluid, sources familiar with the matter confirmed that preparations are well underway for the potential debut.Details of Manipal Hospitals...

India Exports Surge to Record $863 Billion Amid Global Trade Turmoil and US Tariff Pressures Despite facing significant headwinds from geopolitical conflicts in West Asia and the implementation of US tariffs, India’s export ecosystem demonstrated remarkable resilience. A senior Commerce Ministry official confirmed on Wednesday that total exports reached an all-time high of $863 billion in Financial Year 2025-26.Additional Secretary Ajay Bhadoo stated that while it has been a difficult year due to external crises and tariffs, the nation proved its strength as an exporter. This colossal achievement underscores India's capacity for sustained economic growth globally.National Export Performance Reaches All-Time Peak India’s overall...

Lupin Launches Azilsartan Medoxomil Tablets in U.S. Following FDA Approval Global pharmaceutical leader Lupin Limited has announced the successful launch of its Azilsartan Medoxomil Tablets (40mg and 80mg) in the United States, following approval from the U.S. Food and Drug Administration (FDA) for its Abbreviated New Drug Application.The product is indicated for the treatment of hypertension in adults to lower blood pressure. Lupin’s Azilsartan Medoxomil Tablets are bioequivalent to Edarbi® of Azurity Pharmaceuticals, Inc.Lupin holds a key market position as the exclusive first-to-file for this medication and is eligible for 180 days of generic drug exclusivity in the U.S. market. According to estimations from IQVIA MAT (April...

Yash Highvoltage Ltd to Hold Board Meeting on June 22, 2026, to Approve Fund Raising through Securities Issuance Yash Highvoltage Limited announced a scheduled meeting of its Board of Directors on Monday, June 22, 2026. The primary purpose of the meeting is to review and approve a proposal for fund raising through the issuance of securities.The proposed fund raising involves issuing Equity Shares and/or Warrants, or other securities, utilizing either a preferential issue or any other method permissible under applicable law. This initiative remains subject to necessary regulatory and statutory approvals as well as approval from the company's shareholders.Following Board approval of the funding proposal, the Company intends to seek...

Greenply Industries Cancels Plant Visit Scheduled for Investors and Analysts Greenply Industries Limited has announced the cancellation of a scheduled plant visit intended for investors and analysts. The visit was planned at the facility of the company's wholly-owned subsidiary, Greenply Sandila Private Limited.The event, which was originally set for June 24, 2026, has been cancelled due to unavoidable circumstances.This decision pertains to the plant visit previously intimated by the company and provides updates regarding the scheduled inspection of the subsidiary's operations.GREENPLY Stock Price Movement Shares of Greenply Industries Limited shed 0.7% in post-market trading, settling at ₹293.67 today. The stock traded intraday...

Tata Motors Shifts Focus to Software-Defined Vehicles, CFOge Achieves $1.8 Billion in Revenue In a significant move signaling a deep dive into digital transformation, Tata Motors Passenger Vehicles Ltd (TMPVL) is laying out a phased roadmap for its shift towards software-defined vehicles (SDVs). The company's strategy involves building an increasingly independent and sophisticated digital architecture to underpin all future product launches.The transition to SDVs aims to transcend the traditional boundaries of hardware management, allowing new capabilities to be added through over-the-air updates throughout a vehicle's lifecycle. TMPVL described this shift as fundamental to its future, intending to create a common software platform...