Markets

Starmer and Modi Celebrate Trade Breakthrough as UK-India Resolve Impasse Over Steel Safeguards 'We Did It': Hot Mic Moment Signals Near Resolution in UK-India Trade Dispute The working relationship between the United Kingdom and India appears to be at a crucial turning point following an unexpected exchange captured on microphone during the G7 summit. British Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi were heard discussing the resolution of a long-standing trade impasse while meeting informally amidst other world leaders.During the sideline encounter, PM Modi was recorded saying "We did it" to Starmer. Starmer responded emphatically: "We did it. Yes, yes, yes, I hear. We got it over the line. So this is...

Bharti Airtel Penalized by DoT Over Alleged Subscriber Verification Violations Bharti Airtel Limited has been imposed a penalty of Rs. 2,08,000 by the Department of Telecommunications (DoT) concerning alleged violations of subscriber verification norms under its license agreement. The action followed a Customer Application Form Audit (CAF Audit) conducted by the DoT for April 2026.The notice, received on June 16, 2026, relates to the Company's obligation under its License Agreement to ensure adequate verification of customers before enrolling them as subscribers and to comply with instructions issued by the DoT. The DoT conducts these periodic audits to confirm adherence to the licensing terms and conditions.Bharti Airtel has opted...

Denta Water Clarifies Increased Share Volume Citing Market-Driven Trends Denta Water and Infra Solutions Limited has issued a clarification regarding the movement in its share volume, asserting that any spike in trading activity is purely market driven.The company confirmed that it has fulfilled all necessary disclosures related to its shares, stating that it has provided material and price sensitive information affecting the operations and performance of Denta Water and Infra Solutions Ltd. Furthermore, the management stated that no material or price sensitive information was withheld that could influence the volume or price behavior of the company's shares.In addressing the increase in trading volume, the company confirmed that...

Emerald Finance Ltd partners with Bizvisory Hr Global Solutions to launch Early-Wage-Access program Emerald Finance Ltd has announced a strategic partnership designed to offer instant financial relief to employees through its newly launched Early-Wage-Access program. The company has partnered with Bizvisory Hr Global Solutions Pvt. Ltd., based in Delhi, to deliver this salary advance solution.The collaboration is part of Emerald Finance Ltd’s commitment to expanding its offerings and serving retail customers. This specialized product functions as a salary advance solution, where the company partners directly with employers to provide short term loans.The Early-Wage-Access program allows employees the ability to access a portion of...

Linc Limited makes further investment in Turkish Joint Venture, Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi Linc Limited has committed to a further investment in M/s Silka Linc Kirtasiye Urunleri Sanayi Anonim Sirketi (SILKA LINC), a joint venture company. The investment, which is categorized as a related party transaction, involves the use of cash consideration by the listed entity.The acquisition falls under the category of a related party transaction, and Linc Limited maintains an interest in the transaction proportionate to its shareholding.The investment is scheduled to be completed within three months from the date of investment. The cost of acquisition for the shares is stated as up to USD 250,000 (approximately Rs...

Silgo Retail Limited Acquires Stakes in Two Renewable Energy Firms, Expanding Solar Portfolio Silgo Retail Limited has strengthened its position in the sustainable and clean energy sector by approving the acquisition of stakes in two renewable entities: Terraverde Renewables Private Limited and Bluesky Renewables Private Limited. The decision was made during the Board of Directors meeting held on June 17, 2026. This move is described as aligning with the company’s strategic objective to expand its presence within the growing renewable energy market.The acquisition targets are both engaged in the solar and renewable energy industry, focused on development, generation, transmission, distribution, and supply of power and related...

Stylam Industries Approves Multiple Director Appointments and Strategic Amendments at Board Meeting Stylam Industries Limited announced significant outcomes from its board meeting held on June 17, 2026, approving several key appointments of additional directors, making changes to managerial remuneration, and ratifying the amendment and restatement of the company's Articles of Association (AOA). These decisions were made subject to subsequent shareholder approval.The Board Meeting reviewed and approved the appointment of eight new Additional Directors across various categories, along with amendments regarding the AOA and granting specific rights to Aica Kogyo Company, Limited (Aica).Key Director Appointments Several esteemed...

Global Energy Shockwave: Iran's Potential Return to Oil Markets Could Slash Import Bills and Reshape India's Energy Strategy The possibility of a major sanctioned producer, Iran, re-entering global oil markets presents a significant economic opportunity for key energy importers, particularly India. Reports suggest that the US may permit Iran to resume oil and fuel sales as part of diplomatic efforts aimed at ending regional conflict in West Asia. A full return of Iranian crude could materially ease energy import pressures across developing economies.Iran's Critical Role in Global Energy Supply Despite persistent international sanctions, Iran maintains a substantial foothold in global energy markets. The nation contributes...

Amba Enterprises Announces Cessation of Independent Director Atul Mohanlal Thakkar After Tenure Completion Amba Enterprises Ltd. has confirmed that Mr. Atul Mohanlal Thakkar has ceased to be an Independent Director of the company following the completion of his second consecutive term of appointment. The director's tenure concluded on June 17, 2026.The Board of Directors and Management of Amba Enterprises placed record appreciation for the invaluable contributions provided by Mr. Atul Mohanlal Thakkar throughout his time serving as an Independent Director of the company.Details regarding the cessation of the director are summarized below:ParticularsDetailsReason for changeThe Second Term of 5 years of Mr. Atul Mohanlal...

Capacite Infraprojects Ltd Approves Issuance of Senior Secured Debentures worth up to INR 55 Crore Capacite Infraprojects Limited has approved the issuance of Non-Convertible Debentures (NCDs) through a private placement. The company’s Board of Directors considered and sanctioned the debt instruments, which have been designed with specific security features and repayment structures.The company is issuing Senior, Secured, Rated, Unlisted, Redeemable, and Non-Convertible Debentures (NCDs). These debentures carry a face value of INR 10,00,000 each. The primary tranche is approved up to an aggregate size of INR 35,00,00,000 (Indian Rupees Thirty-Five Crore Only).The issuance includes a green shoe option amounting to up to INR...

Xpro India Ltd clarifies surge in trading volume after inquiry from BSE Xpro India Limited has addressed an inquiry from the BSE Surveillance department regarding a significant increase in the company's trading volume. The clarification was issued on June 17, 2026.The communication response confirmed that all material information impacting the operations and performance of Xpro India Ltd, including price sensitive data, has been regularly disclosed to Stock Exchanges in an accurate and timely manner, as required by the Listing Regulations.In the statement, the company added that it is unaware of any other announcement or piece of information that might affect the price or volume behavior of its securities.XPROINDIA Stock Price...

DSM Fresh Foods Promoter Honored as Goodwill Ambassador at United Nations IIMSAM Foundation Day Celebration DSM Fresh Foods Ltd has received significant recognition for its commitment to food security and addressing malnutrition, following the felicitation of its Promoter, Mr. Deepanshu Manchanda, at the United Nations IIMSAM Foundation Day Celebration held in New Delhi on June 15, 2026.The event, organized by the Intergovernmental Institution for the Use of Micro-algae Spirulina Against Malnutrition (IIMSAM), celebrated the institution's journey and milestones in support of the United Nations Sustainable Development Goals (SDGs). The felicitation was conferred upon Mr. Deepanshu Manchanda in appreciation of his leadership and the...

Silver Plunges on Uncertainty as Investors Await Crucial Federal Reserve Meeting Silver futures experienced a sharp decline for the second consecutive day, tracking weak global market trends as traders keenly await the outcome of the US Federal Reserve's policy meeting. The white metal depreciated in domestic markets, reflecting cautious sentiment among investors who are currently keeping their options open amid economic uncertainty.Domestic Silver Market Trends and Losses On the Multi Commodity Exchange, silver futures for July delivery saw a significant fall. The commodity shed Rs 1,705, declining by nearly one per cent to settle at Rs 2,48,400 per kilogram. This movement occurred amid a business turnover of 11,162 lots...

Sambhv Steel Tubes Ltd Announces Analyst and Institutional Investor Meeting with GIA Flagship Conference 2026 Sambhv Steel Tubes Ltd has scheduled a meeting for analysts and institutional investors regarding the company’s operations. The event is set to take place in Mumbai, providing an opportunity for industry participants to engage with the management team.The gathering includes GIA Flagship Conference 2026. Details of the analyst and investor interaction are as follows:DateTime (IST)Investor GroupMode of MeetingLocationTuesday, June 23, 20269:00 AM to 6:00 PMGIA Flagship Conference 2026Physical group meetingMumbaiThe company noted that the schedule for this important meeting is subject to change due to exigencies on the...

Swiggy, Eternal Surge Amid Oil Price Drop; UBS Gives Sky-High Upside Targets Food Delivery Stocks Climb on Easing Cost Concerns Shares of food delivery giants Eternal and Swiggy continued their strong momentum on Wednesday, extending gains for the fourth consecutive session. This rally is primarily supported by a decline in crude oil prices and the moderation of geopolitical concerns.The movement in stocks reflects positive shifts within the sector. Lower crude oil prices are viewed favorably by these companies, as they directly alleviate fuel and logistics expenditures. Furthermore, this cost relief helps boost consumer sentiment and reduces anxieties related to inflation.Fourth-Day Rally: Eternal and Swiggy Post Significant Gains...

Protean eGov Technologies Announces Resignation of Executive Vice President (Chief Technology Officer) Protean eGov Technologies Limited has announced a change in its senior management as Mr. Dattaram Mhadgut has resigned from his position as Executive Vice President and Chief Technology Officer.The company confirmed that Mr. Mhadgut tendered his resignation on June 17, 2026, citing personal reasons for the decision. His last working day with Protean eGov Technologies will be June 18, 2026.Mr. Dattaram Mhadgut served as the Executive Vice President (Chief Technology Officer) at the company.The key details regarding the change in management are summarized below:ParticularsDetailsName of IndividualMr. Dattaram Mhadgut...

Market Roars! India Stocks Surge on Sectoral Rally; Nifty Breaks Past 24K as Equities Mark Fourth Straight Day of Gains Indian equities continued their robust upward trajectory, posting gains for the fourth consecutive session. The market remained firmly in positive territory despite mixed global cues.The BSE saw widespread bullish momentum across sectors and indices. The Sensex closed at 77,155.62, rising by 347.14 points or 0.45 percent. The Nifty 50 also climbed significantly, settling at 24,085.70, marking a gain of 96.55 points or 0.40 percent.Broad Market Outperformance and Index Movements The broader market indices showed particularly strong resilience and growth throughout the trading session. Both the Nifty Midcap 100 index...

Agarwal Toughened Glass India Details Preferential Allotment of Equity Shares and Warrants Agarwal Toughened Glass India Limited announced details regarding the preferential allotment of equity shares and warrants, following approval granted by its shareholders at an Extraordinary General Meeting held on Wednesday, May 6, 2026.The company informed stakeholders about the planned issue of 17,46,000 equity shares and 46,80,000 warrants under a preferential basis, which was approved during the Extra Ordinary General Meeting (EGM).The allotment is designated for the promoter/promoter group members and certain identified non-promoter persons or entities. Regarding the intent of the promoters, the company specified that Mahesh Kumar...

NCLT Orders Meetings for Palco Metals and Palco Recycle Industries Scheme of Arrangement The National Company Law Tribunal (NCLT), Ahmedabad Bench, has issued an order allowing the First Motion Application related to the proposed Scheme of Arrangement between Palco Metals Limited and Palco Recycle Industries Limited. The order directs the convening of various meetings necessary for advancing the scheme, which is intended to be executed under Sections 230 to 232 of the Companies Act, 2013.The ruling from the NCLT, dated June 16, 2026, greenlights the next stage of the process following both Palco Metals Limited (the Transferee Company) and Palco Recycle Industries Limited (the Transferor Company).Key directives issued by the Hon'ble...

Nexus Select Trust Receives Crisil Rating for INR 500 Crore Commercial Paper Issue Nexus Select Trust has secured a credit rating from Crisil Ratings Limited regarding its commercial paper issuance. The ratings indicate that the securities carry a strong degree of safety concerning the timely payment of financial obligations and are considered to have low credit risk.The assessment pertains specifically to the Credit Rating for Commercial Paper issued by Nexus Select Trust.Key details regarding the rating assignment, as reported, are presented below:Name of Credit Rating AgencyParticularsSize of the Issue (Crore)RatingsCrisil Ratings LimitedCommercial PaperINR 500Crisil A1+The rating from Crisil Ratings Ltd. confirms the...