Markets

ESAF Small Finance Bank Clarifies Trading Volume Spurt Following NSE Inquiry ESAF Small Finance Bank Ltd has issued a statement addressing recent inquiries regarding a surge in the trading volume of its shares. The clarification comes after receiving an email from the National Stock Exchange (NSE) on June 16, 2026, concerning the increased market activity surrounding the Bank's stock.The ESAF Small Finance Bank confirmed that it has not withheld any material or price sensitive information that could have bearing on the volume or the price behavior of its shares.According to the Bank, the spike in trading volume is purely market driven. The institution added that it is unaware of any specific reasons contributing to the current...

Great Eastern Shipping Takes Delivery of Tanker 'Jag Prabhu,' Bolstering Fleet Strength Great Eastern Shipping Company Limited (GE Shipping) has acquired a new vessel, marking an expansion of its current fleet capacity and operational scope. The company took delivery of the 2014 built Medium Range Tanker 'Jag Prabhu' on June 17, 2026.The acquisition was structured as part of a commitment made during Q1 FY27. Details regarding the new asset include:Vessel Name: Jag Prabhu Type: Medium Range Tanker Year Built: 2014 Tonnage: Approximately 49,420 dwtThe purchase of 'Jag Prabhu' was financed entirely from internal accruals.Fleet Status and Capacity Utilization Following the successful delivery of this vessel, GE Shipping’s current...

String Metaverse Receives In-Principal Approval from BSE for Bonus Issue String Metaverse Ltd, formerly known as Bio Green Papers Limited, announced that it has secured in-principal approval from the BSE for a proposed bonus issue. The move is aimed at fulfilling the Minimum Public Shareholding (MPS) requirements of the company.The approval granted by the Bombay Stock Exchange (BSE) concerns the issue and allotment of equity shares to the public shareholders. As per the approved plan, the company intends to allot up to 5,55,88,884 Bonus Equity Shares, each valued at Re. 1/-.The bonus share ratio is structured as two fully paid-up equity shares for every nine existing fully paid-up equity shares held by public shareholders on the...

Teamlease Services Limited Sets Record Date for Proposed Share Buyback Teamlease Services Limited has announced the designation of a Record Date concerning its proposal to buy back fully paid up equity shares, subject to shareholder approval. The company is pursuing a tender offer process for the repurchase of shares.The Board of Directors had approved the proposed buyback on May 20, 2026, pending subsequent approval from the company’s shareholders. Following internal review, the Buyback Committee determined and set the Record Date to determine the entitlement and names of eligible shareholders. This date was confirmed as Friday, July 03, 2026.The proposed buyback involves not exceeding 14,87,500 Equity Shares of the company, each...

Arfin Subsidiary Signs MOU with Japanese Conglomerates to Boost Product Supply Chain Arfin Titanium & Speciality Alloys Limited, a wholly owned subsidiary of Arfin India Limited, has exchanged a Memorandum of Understanding (MOU) with three major international entities. The agreement was finalized on June 17, 2026.The MOU establishes a strategic business collaboration aimed at exploring and undertaking opportunities related to specific Products and Trade Products. The collaborating parties include Toyo Denka Kogyo Co., Ltd. (Japan), JFE Shoji Corporation (Japan), and JFE Shoji India Private Limited.According to the details of the memorandum, Arfin Titanium & Speciality Alloys Limited is set to manufacture these products in India...

Laddu Gopal Online Services Withdraws Proposed Rights Issue After Failing to Secure BSE Approval Laddu Gopal Online Services Ltd., formerly known as ETT Limited, has decided to withdraw its proposed rights issue of equity shares. The company made this decision following the outcome of its Board meeting held on June 17, 2026.The decision comes after the realization that the company did not receive the requisite in-principle approval from the Bombay Stock Exchange (BSE) within the stipulated timeline for the fund raising. To safeguard the interests of investors, the Board of Directors resolved to withdraw the proposed action.The original plan involved a rights issue of equity shares with a face value of ₹2.00 each. The company was...

Trent Stock Surges Above 5% as Demand Remains Robust Despite Citi's 'Sell' Rating Trent Ltd stock witnessed a significant rally on June 17, soaring over 5 percent and positioning itself as a top performer in the Nifty 50 index. Investors continued to accumulate shares of the Tata Group retailer, driven by strong trading volumes and optimism regarding its long-term growth trajectory. At midday, Trent was trading at Rs 3,050.30, marking a sharp increase for the day.Market Outperformance and Trading DynamicsThe rally highlights sustained investor confidence in the company's operations. Over the last five trading sessions, Trent has gained an impressive 9.6 percent, significantly outpacing the broader market movement. Trading activity...

Retail Outbound Funds Surge in GIFT City Amid High Demand for Global Exposure GIFT City’s retail outbound fund market is showing definite traction, with assets under management crossing approximately $3.84 billion across four available schemes. This development signifies a growing investor appetite for international exposure via Indian domiciled structures. However, the trajectory remains constrained by limited awareness and ongoing operational hurdles surrounding product depth and client onboarding.Growing Investor Demand Drives Focus on Global Assets The surge in interest is largely fueled by the structural constraints faced by traditional domestic mutual funds. After overseas investment limits were exhausted for domestic funds in...

Ampere Introduces Reo VYB at ₹69,499, Expanding Entry Level E2W Portfolio Bengaluru, June 17, 2026: Ampere, the electric two-wheeler (E2W) brand of Greaves Electric Mobility, has launched its latest product, the Reo VYB. Designed to be a smart entry-level EV, the scooter is intended to meet the everyday urban mobility needs of young riders and first-time EV buyers. The Reo VYB is available at an introductory price of ₹69,499, strengthening Ampere’s family of scooters.The reo VYB features a Lithium Ferro Phosphate (LFP) battery, offering superior thermal stability and safety. It boasts a true riding range of up to 80 km on a single charge and a potential battery life extending up to 1,00,000 kms. Operating at a maximum speed of 25...

Lakshmi Finance & Industrial Corporation Limited Announces Financial Results for FY2025-26, Recommends Dividend and Key Appointments Lakshmi Finance & Industrial Corporation Limited (LFIC) has released its audited financial results and board resolutions for the financial year ending March 31, 2026. The company announced the recommendation of an annual dividend and confirmed several key managerial appointments following a Board meeting held on May 28, 2026.The LFIC’s Board approved the audited financial outcomes and recommended paying an Annual Dividend of Rs. 2.50 per equity share. This amount represents a 25% return on the face value of the equity shares, which is priced at Rs. 10 each. The dividend payment remains subject to...

Suven Life Sciences Reports Positive Topline Results from Phase-2b Trial of Ropanicant for Major Depressive Disorder Suven Life Sciences Limited, a biopharmaceutical company specializing in treatments for Central Nervous System (CNS) disorders, has announced positive top-line results from its Phase-2b clinical proof-of-concept trial of Ropanicant for the treatment of Major Depressive Disorder (MDD). Ropanicant is an investigational nicotinic $\alpha 4 \beta 2$ receptor antagonist in development.The Phase-2b trial demonstrated that twice daily oral administration of Ropanicant 45 mg resulted in a clinically meaningful improvement in the Montgomery-Åsberg Depression Rating Scale (MADRS) total score at Week 6, which served as the primary...

Dharti Proteins Receives Listing Approval for 5,00,000 Equity Shares Under NCLT Resolution Plan Dharti Proteins Ltd has received listing approval from BSE Limited concerning a tranche of 5,00,000 equity shares, each valued at Rs. 10/-. This approval was granted by BSE Limited via letter dated June 16, 2026.The allotment of the shares is linked to an Approved Resolution plan sanctioned by the Hon'ble NCLT, Ahmedabad Bench in a resolution order dated November 18, 2025. The issuance details pertain to capital reduction and subsequent allocations under the approved plan.A breakdown of the 5,00,000 equity shares allotted at Rs. 10/- is as follows:Allotment TypeNumber of SharesShare Value (Per Share)Distinctive Number RangeCapital...

Bharti Airtel Extends Critical Mobile Connectivity for Indian Army in Arunachal Pradesh Bharti Airtel has completed the first phase of a strategic initiative, enhancing mobile connectivity across remote regions of Arunachal Pradesh in partnership with the 4 Corps of Indian Army. The achievement establishes Airtel as the pioneer service provider offering reliable mobile communication in these difficult-to-reach mountainous and high altitude areas.The telecommunications giant rolled out network infrastructure across 30 Army stations situated in challenging mountainous terrain, significantly improving voice and data connectivity for both military and civil personnel residing in remote parts of Arunachal Pradesh. This deployment ensures...

Aye Finance Ltd Schedules Investor Meeting in Mumbai with JM Financial India Finance Forum Aye Finance Ltd, formerly known as Aye Finance Private Limited, has scheduled an institutional investor meeting where its officials will meet attendees. The event is organized by JM Financial India Finance Forum and is slated for June 23, 2026.The conference details outline a focused opportunity for investors to engage with the company's leadership based on publicly available information.Details of the scheduled institutional investor interaction are as follows:Date & TimeNature of MeetingOrganized byPlaceJune 23, 2026 3:00 P.M. (IST) onwards1x1 / Group MeetingJM Financial India Finance ForumMumbaiThe discussions planned for the...

UMC Hospitals Achieves Milestone with First IVUS-Guided Coronary Intervention, Advancing Cardiac Care Unihealth Hospitals Limited (NSE: UNIHEALTH) announced that its UMC Hospitals in Navi Mumbai has successfully completed its first Intravascular Ultrasound (IVUS)-Guided Coronary Intervention, marking a significant step forward in enhancing the hospital's cardiac care capabilities. The procedure was executed by Dr. Shrikant Naigude, utilizing advanced intravascular imaging technology to improve precision in managing coronary artery disease.The successful adoption of this technique reflects UMC Hospitals' commitment to integrating globally accepted best practices and advanced medical technologies into its treatment protocols...

NSE Set for Massive Rs 30,000 Cr IPO Filing as Decade-Long Standoff Ends After Governance Overhaul The long awaited initial public offering (IPO) of the National Stock Exchange (NSE) is rapidly approaching a critical milestone. The exchange is expected to file its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) later today, according to sources familiar with the matter. This filing signals the imminent launch of one of the largest capital market events in India's history.Impending Rs 30,000 Crore Offer for Sale The proposed public issue is structured entirely as an Offer for Sale (OFS). Existing shareholders are slated to collectively divest approximately 6 percent of the exchange's equity...

Blue Jet Healthcare Holds EGM to Consider Raising Funds via Equity Shares Issuance Blue Jet Healthcare Ltd conducted an Extra-Ordinary General Meeting (EGM) on Wednesday, June 17, 2026, to discuss key strategic matters including potential fundraising through the issuance of equity shares. The meeting was held virtually using Video Conferencing (VC)/Other Audio Visual Means (OAVM).The primary focus of the EGM was a special resolution designed to consider and approve the raising of funds in one or more tranches by issuing Equity Shares and/or other Eligible Securities.Management and Meeting Proceedings The meeting, chaired by Executive Chairman Mr. Akshay Arora, saw the attendance of senior management and directors. Present at the...

Jattashankar Industries Receives In-Principle Approval for Issue of 81,55,000 Warrants Convertible into Equity Shares Jattashankar Industries Ltd has secured in-principle approval from the BSE Limited regarding the issuance of warrants convertible into equity shares on a preferential basis. The approvals pertain to the issue of 81,55,000 warrants.The BSE Limited granted this in-principle approval via its letter dated June 16, 2026.The company intends to issue these warrants with the understanding that they will be convertible into equity shares of Jattashankar Industries Ltd at a face value of Rs. 10/- each. The preferential issuance terms stipulate that the price for the conversion should not be less than Rs. 92/- per share...

Shipra Singh Rana Resigns as Whole-Time Director of Mideast Integrated Steels Ltd Mideast Integrated Steels Limited has announced that Shipra Singh Rana is resigning from her position as a Whole-Time Director. The resignation will be effective starting from the close of business hours on May 30, 2026.Ms Rana tendered her resignation due to personal reasons and other professional commitments. She stated that she will no longer be able to dedicate the necessary time and attention required to fulfill the duties associated with the role effectively.In her statement, Ms Singh Rana conveyed sincere gratitude to the Chairman, fellow Board members, the management team, and the shareholders for their continuous support, guidance, and...

LTM Launches BlueVerse on Databricks to Accelerate AI Monetization for Enterprises LTM, a Business Creativity partner serving large global enterprises, has announced the launch of BlueVerse for Databricks. This new offering combines LTM's AI ecosystem, BlueVerse™, with Databricks, the Data and AI company, aiming to accelerate data monetization through artificial intelligence.BlueVerse for Databricks is designed to help companies achieve tangible business outcomes from their investments in data and AI. The solution addresses key challenges related to the secure and efficient management of compute resources and data while optimizing core business processes. By providing pre-built industry solutions, the offering helps organizations...