Markets

Canara HSBC Life Insurance Recommends Reappointment of Directors Retiring by Rotation Canara HSBC Life Insurance Company Limited has recommended the re-appointment of two non-executive directors who are liable to retire by rotation. The recommendation was made by the Board of Directors during its meeting held on June 16, 2026.The company proposed the reappointment of Mr Santanu Kumar Majumdar and Mr Amitabh Nevatia at the ensuing 19th Annual General Meeting. Both directors are liable to retire by rotation as per Section 152(6) of the Companies Act, 2013.The Board approval for both directors was recorded on June 16, 2026, subject to subsequent ratification by the members at the annual general meeting.Key details regarding the...

Krishna Defence Wins Rs 45.64 Crore Order for Supplying Special Steel Products to Ministry of Defence Krishna Defence and Allied Industries Limited has secured a significant order valued at Rs 45.64 Crore from the Ministry of Defence. The contract involves the supply of specialized steel products designated for a shipbuilding project by the Ministry of Defence.The company won the order through a domestic entity, with the procurement focused on the supply of special steel products. This substantial contract award has been secured for Krishna Defence and Allied Industries Limited.Details regarding the contracted project reveal that the delivery of the special steel products is scheduled to be executed within a period of eight months...

ICICI Bank Limited Schedules Group Investor Meets for June 2026 ICICI Bank Limited has scheduled a series of group investor meetings in June 2026, involving participation in key industry forums and conferences.The bank’s schedule includes engagements with prominent financial entities to facilitate discussions and interactions with stakeholders. These events are designed as part of the bank's ongoing engagement activities.Scheduled group events include:Event NameDateModeJ.P. Morgan Asia Pacific All Star ForumJune 22, 2026In-personIIFL's Invest India Conference & Capital DayJune 23-24, 2026In-personDuring these interactions, the Bank will be referring to publicly available documents for discussions.ICICIBANK Stock...

KIMS Sets Floor Price at ₹771.73 for Equity Share Placement under QIP Krishna Institute of Medical Sciences Limited (KIMS) has approved the floor price for its Qualified Institutions Placement (QIP) of equity shares, following the consideration by its Finance and Investment Committee on June 16, 2026.The Company had earlier received approval from its Board of Directors on March 11, 2026, and shareholders granted a special resolution via postal ballot on April 15, 2026, for the Issue of equity shares with a face value of ₹2 each. The Finance and Investment Committee approved several key aspects related to the placement during its meeting held on June 16, 2026.The committee adopted the preliminary placement document and authorized the...

Geecee Ventures Invests Rs 1.05 Crores in GMR Power and Urban Infra Limited (GPUIL) Geecee Ventures Ltd has increased its investment in GMR Power and Urban Infra Limited (GPUIL), acquiring an additional equity stake through an open market purchase totaling Rs 1.05 crores. The acquisition, which was made using cash consideration, brings the total investment of Geecee Ventures into GPUIL to Rs 2.11 crores.The company acquired 1,00,000 Equity Shares in GPUIL at a cost of Rs 1.05 crores, equating to a purchase price of Rs 105.45 per share. This move represents an investment that the company notes is miniscule compared to its overall portfolio.GPUIL operates within the Power Generation industry and is recognized as a leading global...

Viji Finance Limited Announces Preferential Allotment of 8,85 Lakh Convertible Warrants for Rs 24.78 Crore Viji Finance Limited has completed the preferential allotment of convertible share warrants totaling 8,85,00,000 units to non-promoters and other persons. The decision was made by the Company's Preferential Allotment Committee in a meeting held on June 16, 2026.The total issue size for these warrants is Rs 24,78,00,000 (Rupees Twenty Four Crores Seventy Eight Lakhs only). The allotment was made in compliance with approval received previously from the board and stock exchanges.Financial Details of Allotment The Company reported an aggregate upfront subscription amount of Rs 6,19,50,000 for the warrants, which represents 25% of...

Vaibhav Global Limited Allots Equity Shares to Employee Stock Option Welfare Trust Vaibhav Global Limited has completed the allotment of equity shares, resulting in a significant increase in its paid up equity share capital for employee benefit schemes.The company allotted 91,491 Equity Shares with a face value of Rs. 2/- each on June 16, 2026. The shares were allotted to the Vaibhav Global Employee Stock Option Welfare Trust as part of the company's various employee benefit programs.Following this allotment, the paid up Equity Share Capital of Vaibhav Global Limited has reached Rs. 33,47,04,344. This capital corresponds to a total of 16,73,52,172 Equity Shares of Rs. 2/- each.VAIBHAVGBL Stock Price Movement Today, Vaibhav Global...

Crayons Advertising Limited dissolves wholly owned subsidiary, Crayons Global Media LLC Crayons Advertising Limited has completed the dissolution of its wholly owned subsidiary, Crayons Global Media LLC. The company confirmed that the subsidiary was dissolved in compliance with the applicable laws and regulatory requirements governing companies in the Emirate of Dubai, United Arab Emirates.The entity, which is registered at Fahidi Heights, 4th Floor, Office No. 176, Al Hamriya, Dubai, United Arab Emirates, had not commenced any business or conducted any operations, transactions, or activities since its incorporation. Management noted that the subsidiary was not a material part of the Company's operations.The dissolution of Crayons...

LTM Limited Achieves Leadership Ratings from CRISIL for ESG Performance LTM Limited has received positive recognition for its performance regarding Environmental, Social, and Governance (ESG) parameters, as assigned by CRISIL ESG Ratings & Analytics Limited.CRISIL assigned the company specific ratings in the category of 'Leadership,' acknowledging LTM's commitment to strong ESG practices. The assessment includes both a standard ESG rating and a dedicated Core ESG rating.The key ESG metrics awarded to LTM Limited are:Rating TypeAssigned ValueCategoryESG RatingCRISIL ESG 77LeadershipCore ESG RatingCRISIL Core ESG 83LeadershipThese ratings reflect the company's adherence and performance across Environmental, Social, and...

Diffusion Engineers Limited to Conduct Virtual Investor and Analyst Meeting Diffusion Engineers Limited has announced that its management will host a virtual meeting with investors and analysts regarding company operations. The event is scheduled for June 19, 2026, at 12:00 PM.The meeting provides an opportunity for the Company's management to interact with investment community members. Details of the participants in this investor/analyst meet are provided below:Sr. noNameMeeting1SBI Cap SecuritiesVirtualThe company has noted that the schedule for the meeting is subject to change. Changes may occur due to exigencies on the part of the Fund, Broking House, or Diffusion Engineers Limited.DIFFNKG Stock Price Movement...

CCI Approves Major Equity Subscription: Kedaara Group Injects Capital into Axis Finance Limited The Competition Commission of India (CCI) has granted approval for a significant equity subscription involving the Kedaara Group in Axis Finance Limited. This clearance allows Kedaara Pearl Holding and Kedaara Capital Fund IV AIF to proceed with acquiring certain shares of the financial services company, thereby strengthening its capital base.Regulatory Clearance Signals Boost for Financial Sector The regulatory decision underscores confidence in the operational structure of Axis Finance Limited. The approval relates specifically to a proposed subscription of equity shareholding by the investment vehicles belonging to the Kedaara Group...

Tata Communications Issues ₹400 Crore Commercial Paper on Listing at NSE Tata Communications Ltd has successfully issued and allotted Commercial Paper (CP) aggregating to an amount of ₹400 crore. This financial move was completed following the issuance date of June 15, 2026, with details regarding the security being made available.The Commercial Paper instrument carries a discount rate of 7.05% per annum and has been allotted by the company. The repayment schedule for this bond is set for September 11, 2026.The securities were listed on the National Stock Exchange of India Limited (NSE) on June 16, 2026.Key details pertaining to the Commercial Paper issuance are summarized below:Description of SecurityDetailsType of...

Corporate Sector's Q4 Rally: Sales Surge Drives Double-Digit Growth Amid Rising Input Costs (RBI Report) The Reserve Bank of India (RBI) has released a detailed performance assessment of the private corporate business sector for the fourth quarter (Q4) of 2025-26. The data, based on abridged financial results from 3,266 listed non-government non-financial companies, highlights robust aggregate sales growth across the industry. However, the report also underscores significant cost pressures related to raw materials, posing a challenge to margin maintenance for manufacturers.Aggregate Sales Performance Reaches Double-Digit Highs At an aggregated level, listed private non-financial companies recorded a substantial double-digit sales...

Vertoz Approves Exploratory Fund Raising Proposal Vertoz Limited announced on June 16, 2026, that its Board of Directors had considered and approved a proposal to raise funds. The initiative is currently at an exploratory stage as the company evaluates various permissible modes for fund raising.The board meeting focused on securing capital through multiple potential methods. The proposed fund raising could be undertaken via the issuance of equity shares, fully or partly convertible debentures, non-convertible debentures, warrants, preference shares, convertible preference shares, and/or any other combination of equity-linked instruments, debt securities, or convertible debt securities.The company noted that these funds could be...

Narmada Agrobase Approves Auditor Re-appointment and Outlines 14th Annual General Meeting Details Narmada Agrobase Limited announced several key decisions following its Board of Directors meeting held on June 16, 2026. The board approved the re-appointment of statutory auditors and appointed an internal auditor for the upcoming financial year. Furthermore, the company set the date for its 14th Annual General Meeting (AGM) and addressed matters related to a pending rights issue variation.The Board considered and approved the re-appointment of Jain Kedia and Sharma Chartered Accountants as Statutory Auditors for another four years, subject to shareholder approval. Simultaneously, Mr. Rajesh Kumar was appointed as the Internal Auditor...

Magson Retail Announces Dual Capital Raising Plan Including CCD Issuance and Preferential Equity Sale Magson Retail And Distribution Limited, formerly known as Magson Retail & Distribution Private Limited, announced two significant capital raising initiatives following a Board meeting held on June 16, 2026. The board considered and approved the issuance of Compulsory Convertible Debentures (CCDs) and the sale of equity shares to non-promoter allottees.The company's board met at its registered office in Ahmedabad and made decisions pertaining to both debt and equity capital structures, setting key dates for future corporate action.Details of CCD Issuance Magson Retail approved the raising of up to INR 3,00,00,000/- through the...

Veefin Solutions Board Approves Migration from SME to Main Board of BSE and Direct Listing on NSE Veefin Solutions Ltd. announced that its Board of Directors approved key strategic moves regarding its equity share listing, following a meeting held on June 16, 2026. The decisions cover the migration of the company's shares and potential direct listing onto major stock exchanges.The board reviewed and sanctioned the movement of the company's equity shares from the SME Platform of BSE Limited to the Main Board of BSE Limited. This migration is subject to receiving all requisite approvals and complying with applicable regulatory requirements.Furthermore, the company approved the possibility of a Direct Listing of its equity shares on...

DLF Limited Confirms No Knowledge of Specific Event Behind Equity Volume Increase DLF Limited has addressed queries regarding the significant increase in the trading volume of its equity shares across exchanges. The Company confirmed that it is unaware of any specific information, event, or development that could have caused the rise in the trading volume of its stock.In a statement addressing the movement, DLF Limited maintained that the increased volume in its equity shares is purely market-driven.The company reiterated its commitment to upholding the highest standards of corporate governance and ensuring timely disclosure of all material information.DLF Stock Price Movement DLF Limited shares rallied today, settling at ₹629.3...

Innomet Advanced Materials Wins International Purchase Order worth $2,14,800 USD Innomet Advanced Materials Limited has secured a new international purchase order valued at $2,14,800 USD. The contract was awarded by Scope Metals Group Ltd, an Israel based company.The deal marks a significant step for Innomet as the purchase order specifically pertains to their THA division operations. The contract is designated as an international order and falls within the scope of materials manufacturing.According to the details provided concerning the transaction, the following key aspects were confirmed:DetailInformationEntity Awarding OrderScope Metals Group Ltd (Reg No-520037425)Nature of ContractPurchase Order for THA division...

Market Bumpy Day: Nifty Rises 0.57% As Foreign Investors Sell ₹748 Crore While Domestic Buys Hit Historic Low Markets managed to extend their gains for the third consecutive session on Tuesday, driven by global positive cues and steady buying in specific heavyweight stocks. Despite the rally, institutional activity saw a sharp divergence, with foreign investors reporting significant net selling while domestic institutions registered minimal net purchases. The Nifty index settled at 23,989.15, marking a modest gain of 0.57%.Institutional Flows See Stark Divide The daily institutional snapshot revealed a marked contrast in activity. Foreign institutional investors (FIIs) net sold shares worth ₹748 crore. While FIIs managed to buy shares...