Markets

Radiowalla Network’s Promoter Acquires 3,200 Equity Shares Through Open Market Purchase Radiowalla Network Limited announced that its promoter, Mr. Harpreet Singh, acquired equity shares of the company through open market transactions on the National Stock Exchange (NSE) platform on June 16, 2026.The purchase was conducted entirely through open market channels and constituted Normal Market activity for the stock code RADIOWALLA. The acquisition involved a total quantity of 3,200 equity shares.Details regarding the transaction include:ComponentDetailsPromoterMr. Harpreet SinghAcquisition DateJune 16, 2026Total Quantity Purchased3,200 equity sharesMode of AcquisitionOpen Market PurchaseThe purchase was executed...

India Ratings Affirms Grade for RCCPL Private Limited’s Bank Loan Facilities India Ratings and Research Pvt. Ltd. has affirmed the credit rating on the bank loan facilities of RCCPL Private Limited, a wholly-owned material subsidiary, following an evaluation of its debt instruments. The consolidated size of these issues stands at INR 17,180 million, carrying a rating of IND AA/stable.The affirmation pertains to the company’s various bank loans, which reflect lending across several major financial institutions and includes both existing term loans and proposed financing arrangements.Details regarding the rating of RCCPL Private Limited's bank loan facilities are provided below:Instrument TypeSize of Issue...

CCL Products Announces Participation in Investor Virtual Days Organized by Ashika Group CCL Products (India) Ltd has announced that its leadership will participate in a virtual investor conference organized by the Ashika Group. This event is scheduled for Friday, June 19, 2026, and is designed for interaction between the company and investors and analysts.The 'CHAIRMAN, MD & CEO Virtual Investor Days' aims to provide insights into the company’s operations through digital means. The company has stated that all discussions during the investor call will be based on publicly available information, ensuring that no Unpublished Price Sensitive Information (UPSI) is shared during the meeting.CCL Stock Price Movement As of 2:39 PM, shares...

Surge in Sector Focus: UTI Launches New ETF Tracking BSE India Sector Leaders TRI UTI Mutual Fund has introduced the UTI BSE India Sector Leaders Exchange Traded Fund, marking its entry into the thematic index fund space. This new open-ended ETF is designed to replicate and track the performance of the BSE India Sector Leaders Total Return Index (TRI). The launch targets investors seeking returns commensurate with the underlying sector indices, while maintaining strict adherence to regulatory guidelines set by SEBI (Mutual Funds) Regulations, 2026.Understanding the Fund's Objective and Strategy The primary investment objective is clear: to provide total returns corresponding to the securities represented by the BSE India Sector...

India Ratings Affirms IND AA Status for RCCPL Bank Loan Facilities India Ratings & Research Pvt. Ltd. has affirmed the credit rating on bank loan facilities extended to RCCPL Private Limited (RCCPL), the wholly-owned material subsidiary of Birla Corporation Ltd. The affirmation relates to a bank loan facility valued at INR17,180 million.The rating agency confirmed the status as IND AA/stable for the facility. Birla Corporation Ltd received this intimation regarding the rating on June 15, 2026.The data provided by India Ratings outlines RCCPL’s various lending facilities and associated ratings from different banks. The consolidated figures concerning these facilities are presented below:Instrument DescriptionBank...

BCL Industries Reports Strong Financial Results for FY 2025-26; Consolidated Profit Reaches 10,284.90 Lakhs BCL Industries Limited has announced its financial results for the fiscal year ended March 31, 2026. The company reported a consolidated profit for the year of 10,284.90 Lakhs, while standalone results reflected a net profit of 7,151.66 Lakhs.The comprehensive results show significant performance across both individual operations and the entire group structure.Standalone Financial Highlights (FY 2025-26)For the financial year ended March 31, 2026, BCL Industries recorded a total revenue from operations of 2,00,640.32 Lakhs. The company reported Total Income of 2,07,416.29 Lakhs. Expenses for the year stood at 1,97,971.82...

Indian Investors Ignite SpaceX Debut, Driving Up To 20% of Platform Trading Volumes All eyes were fixed on Elon Musk's SpaceX when it made its market debut on Friday, June 11. The aerospace and AI technology giant sparked a massive frenzy among Indian investors. The company accounted for up to 20% of total trading volumes across several prominent US stock platforms on its listing day.The intense interest highlights the significant appetite Indian retail investors have for high-growth technology players. This activity was particularly noteworthy given that many domestic investors were unable to participate in the direct SpaceX IPO. Industry platforms Vested Finance, Appreciate, and INDmoney all reported extraordinary levels of...

Marsons Limited Secures International Order for Supply of 25 MVA Power Transformer Marsons Limited has secured a significant international contract with a US based Solar Energy Developer. The company received a Letter of Award or Purchase Order valued at INR 7.75 crores (approx.), which is equivalent to USD 8,20,000 only.The order pertains to the supply of a 25 MVA Power Transformer destined for Hemet, California, USA. This contract represents an international transaction for Marsons Limited. The planned time period for executing this order is 14 months.Key details regarding the purchase order are summarized below:DetailInformationClientUS based Solar Energy DeveloperNature of OrderSupply of 25 MVA Power Transformer...

Kilburn Engineering secures ₹70.2 crore order from Casale SA, strengthening position in global fertilizer supply chain Kilburn Engineering Limited has secured its first orders from Swiss technology licensor Casale SA, valuing at ₹70.2 crore. These contracts involve the design, engineering, and manufacture of process equipment intended for various fertilizer applications. This significant contract marks Kilburn's entry into Casale's qualified supplier network, a step that reflects the company's technical credibility in the specialized fertilizer industry.Casale SA is recognized as a global technology licensor operating in the chemical, energy, and fertilizer sectors, supporting some of the world’s largest industrial projects. The...

Quick Commerce Wave Forces Mall Overhaul: Operators Pivot From Grocery Errands to Premium Experiences The traditional shopping landscape in India is undergoing a rapid transformation driven by convenience and quick commerce. As consumer habits shift, malls are actively reviewing the allocation of space dedicated to hypermarkets and large supermarkets. The era where routine grocery trips defined mall footfall appears to be concluding, prompting operators nationwide to redefine their core value proposition.The Decline of Routine Grocery Shopping in Malls The rise of delivery services has severely impacted the relevance of bulky, planned grocery shopping trips. Pratik Dantara, head of strategy at Nexus Select Trust, noted that...

JOJO Ltd Partners with Dish TV India Limited for Bundled Offering via VZY Smart TVs JOJO Limited has announced a significant content partnership with Dish TV India Limited, integrating the JOJO App as a bundled subscription offering within the VZY platform. The collaboration places JOJO's digital content directly into the established ecosystem of Dish TV India Limited's integrated Smart TV and digital entertainment services.Through this strategic tie up, the JOJO App becomes accessible to all VZY platform users as part of their existing Dish TV subscription. This model eliminates the need for a separate standalone subscription to the JOJO platform, ensuring content availability immediately upon setup.The partnership secures...

Coforge Bets on Exponential AI Spending to Achieve Supernormal $5B Revenue by FY30 Noida-based IT firm Coforge has set an ambitious growth target, aiming for $5 billion in annual revenue by Fiscal Year 2030. This goal involves significantly doubling its current scale, which is estimated at approximately $2.47 billion in FY26. The company sees artificial intelligence (AI) as the catalyst for this expansion, betting on accelerated enterprise AI investments and aggressive large-account acquisitions.Addressing investors during Investor Day 2026, CEO Sudhir Singh highlighted that AI represents a monumental opportunity. He stated that the sector is ripe for "supernormal growth" driven by massive shifts in how technology is utilized by...

AstraZeneca Pharma India Appoints Praveen K Mittal as Director - Corporate Affairs AstraZeneca Pharma India Ltd has announced the appointment of Mr. Praveen K Mittal as Director - Corporate Affairs, effective July 6, 2026. The appointment is for a full-time position, according to company records.Mr. Mittal brings extensive experience in corporate affairs, government relations, and public policy to the role. He possesses nearly 30 years of experience across sectors including healthcare, medical technology, industry advocacy, and trade promotion.Before joining AstraZeneca, Mr. Mittal served as the Executive Director of the Export Promotion Council for Medical Devices (EPCMD). In this capacity, he focused on driving policy advocacy...

Pharmaceutical Stocks Plunge as Centre Bans Over-The-Counter Sale of Syrup Formulations Shares of major pharmaceutical giants traded in the red on Tuesday after the Union Government implemented stricter regulations governing syrup formulations. The Centre has moved all such medicines under a prescription-only category, immediately ending their availability over-the-counter (OTC) without a qualified medical consultation.The broader Nifty Pharma index reacted negatively to the ruling, falling 0.47% and settling at 24,220.10. Key sector players saw declines as the market digested the shift in regulatory posture towards drug safety.Market Reaction Across Major Pharmaceutical Stocks Stock exchanges registered a clear downturn across...

Kilburn Engineering Ltd Secures ₹7,020 Lakhs in First Orders from Global Licensor Casale SA Kilburn Engineering Ltd has secured its inaugural orders from Casale SA, a globally renowned technology licensor, with an aggregate value of approximately ₹7,020 lakhs. The contract awards represent significant business development for the engineering company.The new orders involve the design, engineering, and manufacture of process equipment specifically intended for fertilizer related applications. These contracts have been awarded within the normal course of Kilburn Engineering Limited's established business operations.Casale SA operates across multiple industrial sectors, serving as a technology licensor in the fertilizer, chemical, and...

Dhampur Sugar Mills Limited Announces Record Date for Commercial Paper Maturity Dhampur Sugar Mills Limited has specified the record date related to the maturity of its Commercial Papers (CPs). The information pertains to the CPs issued by the company.The details regarding the commercial paper issuance, including the issue size and key dates, have been finalized.A summary of the financial instruments is provided below:Issue SizeISINDate of MaturityRecord DateRs. 100,00,00,000INE041A14134June 29, 2026June 25, 2026The record date for the maturity of the Commercial Papers is set as June 25, 2026. The CPs were issued with an issue size of Rs. 100,00,00,000 (Rupees One Hundred Crores), and their specified date of maturity is...

Arham Technologies Board Approves Migration of Equity Listing from SME Platform to NSE Main Board Arham Technologies Limited, a listed entity, announced that its Board of Directors approved the migration and trading of the company's equity shares from the Small and Medium Enterprise (SME) Platform (EMERGE) of the National Stock Exchange of India (NSE) to the Main Board of the NSE. The decision was ratified during a meeting held on June 16, 2026.The move signifies Arham Technologies’ progression toward trading on a major stock exchange platform. The Board meeting commenced at 1:00 P.M. and concluded an hour later.While the approval marks a significant corporate development, the decision remains contingent upon various external...

Dev Accelerator Limited Allots Convertible Warrants and Equity Shares; Strengthens Board with Auditor Appointments Dev Accelerator Limited (formerly DevAccelerator Private Limited) announced key outcomes from its Board of Directors meeting held on June 16, 2026. The company approved the allotment of convertible warrants to promoters and allotted fully paid-up equity shares to a non-promoter entity, in addition to appointing new internal and secretarial auditors.The board meeting reviewed several corporate transactions related to capital structure and professional appointments, reflecting growth activities across various facets of the business.Convertible Warrants Allotment The company approved the allotment of 33,33,330 Convertible...

HCLTech Bets Big on Sovereign AI with Sarvam Stake After Global Model Security Alerts HCLTech has solidified its commitment to future-proofing against global tech risks by acquiring a minority stake in Sarvam, injecting approximately $150 million into the full-stack sovereign AI startup. This move comes days after international attention was drawn to restrictions placed on certain advanced AI models by US authorities.The investment underscores HCLTech's strategic shift toward integrating advanced AI capabilities across its service offerings. C Vijayakumar, CEO and MD of HCLTech, detailed their plans for pivoting the organization towards AI-led revenue growth in an exclusive interview with Moneycontrol.Driving Advanced AI Revenue...

Pine Labs Plummets as Shares Fall 5% Amid Dispute Over 'Breakage Income' Revenue Claims Shares of Pine Labs dropped significantly on June 16 after an Entrackr report published claims that the company booked unused pre-paid card balances from its clients as revenue. This reported move was noted to have boosted the firm’s profitability and margins, triggering a swift negative reaction in the market.The decline underscores a major dispute regarding the financial recognition of 'breakage income' within the payment processing industry. Pine Labs reacted strongly to these findings, immediately branding the Entrackr report as "speculative, incorrect and misleading" in its official commentary.Market Reaction and Share Performance At 1:30 pm...