Markets

HEC Infra Projects Lands Rs 34.82 Crore Work Order for Electrical Package Works in Gujarat HEC Infra Projects Limited has secured a significant work order totaling Rs 34.82 crores from M/s Stellar Manufacturers Private Limited. The contract involves comprehensive electrical package works at the Fanidhar Food Park, situated in Mudarda Village, Mehsana, Gujarat.The project scope covers the Design, engineering, supply, erection, testing and commissioning of the Electrical Package works. The order was awarded by a domestic entity, which is M/s Stellar Manufacturers Private Limited.HEC Infra Projects confirmed that the contract does not involve related party transactions and noted that none of the promoters or promoter groups have any...

Bank Shares Snap 3-Day Gains as Investors Rebalance Amid Profit Booking Wave The steady surge in banking stocks has taken a brief but sharp pause today, with multiple leading financial institutions experiencing profit booking. After a buoyant run that saw consistent three-day growth across the sector, traders are now adjusting portfolios, triggering a near-term correction. This pullback is serving as a necessary pause button, resetting market expectations and presenting key opportunities for tactical buying at specific support levels.Why Banking Stocks Are Seeing A Profit Booking Correction The recent sustained rally in bank shares was driven by optimistic macroeconomic forecasts and sector rotation flows. However, the rapid increase...

Mahindra Holidays Completes Acquisition of Aditatva Estates, Securing Coffee Plantation Land for Resort Expansion Mahindra Holidays & Resorts India Limited has completed the acquisition of a majority stake in Aditatva Estates Private Limited, making the entity a wholly owned subsidiary of the company. The transaction was finalized on June 15, 2026.The Company acquired a 100% equity stake in Aditatva for an aggregate consideration of Rs. 37.5 Crores. With this acquisition, Mahindra Holidays & Resorts India Limited now controls Aditatva Estates Private Limited, effective from the completion date.Aditatva is primarily engaged in the coffee plantation business and operates on a land parcel spanning approximately 50 acres located in...

Cipla Appoints Chief Executive Officer for One India Business; Announces Stock Option Grants Cipla Limited has announced a key leadership designation and granted stock options to employees under established incentive schemes, marking significant developments within the company structure. Mr. Shivam Puri, currently the Managing Director and Chief Executive Officer of Cipla Health Limited, was appointed as the Chief Executive Officer for the One India Business and a member of the Management Council, effective July 1, 2026.The appointment formalizes Mr. Puri’s role in leading the One India business segment. He is designated as a Senior Management Personnel at Cipla.Mr. Puri brings extensive experience to this new capacity. As CEO of...

Vegorama Punjabi Angithi Ltd Earns Unmodified Opinion in Annual Audit as Internal Controls Are Rated Adequate Vegorama Punjabi Angithi Limited has received its annual audit report from Raj Gupta & Co., which concluded on June 12, 2026. The auditors have provided an unqualified opinion on the financial statements for the year ended March 31, 2026, confirming that the company's financials present a true and fair view in conformity with generally accepted accounting principles in India.The audit report confirmed that Vegorama Punjabi Angithi Limited maintained adequate internal financial controls, which were operating effectively as of March 31, 2026. The auditors noted that the management and Board of Directors bear responsibility for...

Qatar to Unleash Massive LNG Surge, Aiming for 80% Output within Two Months After Hormuz Reopens Qatar is preparing for a significant boost in liquefied natural gas (LNG) production following the reopening of the Strait of Hormuz. Sources familiar with the matter suggest that the state-controlled energy company, QatarEnergy, intends to rapidly scale up its exports once safe passage through the vital waterway is restored.The plan set by QatarEnergy involves raising output to approximately 50% of capacity within one month and aiming for a restoration level of roughly 80% within two months. This rapid recovery contrasts sharply with the extensive damage sustained by facilities in the past.Timeline for LNG Capacity Restoration While a...

Indian Bond Outlook Stabilizes as US-Iran Peace Deal Eases Geopolitical Risks Global Markets React to De-escalation in West Asia The global bond markets reacted keenly to the June 15 peace agreement between the US and Iran, as investors began trimming safe-haven positions. In parallel, various domestic policy measures within India are bolstering investor confidence in fixed income assets.International bond yields saw shifts across major economies following the de-escalation. The US 10-year Treasury yield rose by 3.8 basis points to 4.45 percent. Concurrently, the UK 10-year gilt yield increased 2.9 basis points reaching 4.81 percent, while Japan's 10-year government bond yield climbed 6 basis points to 2.58 percent.In contrast, the...

Bondada Engineering Secures Rs 1338 Crore EPC Contract from NTPC for Solar and BESS Project in UP Bondada Engineering Limited has been awarded a major contract by NTPC Renewable Energy Limited. The award covers the EPC Package for the development of a substantial solar project coupled with a Battery Energy Storage System (BESS) at Sitapur, Uttar Pradesh.This significant order strengthens Bondada’s position as an engineering partner in India's renewable energy sector. The contract is valued at Rs 1338,03,29,049, making it a major addition to the company’s pipeline.Details of the award from NTPC Renewable Energy Limited are as follows:ParticularDetailsAwarding EntityNTPC Renewable Energy LimitedProject ScopeEPC Package for...

Venus Remedies Limited Shares Social Media Posts for Shareholders Regarding KYC Update Venus Remedies Limited has communicated with its shareholders via social media platforms regarding the importance and process of updating Know Your Customer (KYC) details with the company.The official communication addressed awareness among shareholders concerning the necessary updation of their KYC information. The company ensured that this critical notice was disseminated through various digital channels to ensure wide reach.Shareholders can refer to specific posts made across the Company's official social media handles, including Instagram, Facebook, LinkedIn, and X (formerly Twitter). These posts contain essential information relating to the...

Heritage Foods Ltd Management to Attend GIA Flagship Promoters' Conference 2026 in Mumbai The management of Heritage Foods Ltd is scheduled to participate in the GIA Flagship Promoters' Conference 2026. The participation includes both one on one meetings and group meetings during the event.The conference, which will be held in Mumbai, is scheduled for June 24, 2026.Key details regarding Heritage Foods Ltd's involvement are provided below:Date of MeetingConference NameLocationModeJune 24, 2026GIA Flagship Promoters' Conference 2026MumbaiPhysicalThe company noted that the schedule for participation may undergo changes depending on exigencies concerning the Analyst, Institutional Investor, or the Company. The management...

Leela Palaces Hotels & Resorts Ltd Scheduled for Ashika Institutional Equities Virtual Investor Conference Leela Palaces Hotels & Resorts Ltd, formerly known as Schloss Bangalore Private Limited and Schloss Bangalore Limited, has scheduled participation in a virtual conference organized by Ashika Institutional Equities. The event is intended to engage with investors and discuss company matters.The company's representatives are set to attend the investor meet on June 19, 2026. This conference will be held virtually and falls under the category of a group meeting.Key details regarding the planned engagement are provided below:DateEvent/Institution DetailsType of MeetingMode of MeetingJune 19, 2026Ashika Institutional Equities...

Muthoot Microfin Ltd to Hold Investor Meeting in Mumbai on June 22, 2026 Muthoot Microfin Ltd has scheduled an investor meeting where company officials will be present to interact with investors. The event is set to take place in Mumbai.The scheduled interaction includes both one-on-one and group meeting formats. Company representatives will attend the session as part of this engagement opportunity for stakeholders.Key details regarding the investor meeting are provided below:DateType of MeetingLocation/VirtualJune 22, 20261x1 / Group MeetingMumbaiMUTHOOTMF Stock Price Movement Shares of Muthoot Microfin Limited are edging higher to ₹201.19 as of 12:58 PM, following a gain of 3.06% in live trading. The stock currently...

RPG Life Sciences Cancels Previously Listed Record Date Due to Portal Error RPG Life Sciences Limited has announced that the record date previously mentioned on the NEAPS portal for determining shareholders eligible for the final dividend must be treated as cancelled due to an inadvertent entry error. The company stated that a new record date will be communicated once the Annual General Meeting (AGM) date is finalized.The communication clarified the status of the previous announcement, which had referenced an ensuing AGM. An earlier announcement made by the Company on April 29, 2026, provided directives and details regarding the upcoming meeting, though the record date for the payment of the final dividend was not fixed at that time...

HDFC Life Allots Over 14 Million Equity Shares to HDFC Bank at Premium Price HDFC Life Insurance Company Limited announced the allotment of equity shares to its promoter, HDFC Bank Limited, completing a major transaction that has updated the company's share capital structure.The Board of Directors of HDFC Life Insurance Company approved the allocation of 14,523,906 fully paid-up equity shares to HDFC Bank Limited on June 16, 2026. This action followed a special resolution passed by the members through postal ballot on May 16, 2026.The allotment was executed on a preferential basis. The details of the transaction are as follows:DetailValueRecipientHDFC Bank Limited (Promoter)Number of Shares Allotted14,523,906Face Value...

Rolex Rings Ltd. Schedules Investor And Analyst Meetings In Mumbai Rolex Rings Limited has announced a series of investor and analyst meetings scheduled for June 24th and 25th, 2026. The sessions are designated as both One-on-One and Group Meetings and will take place in Mumbai.The company stated that the discussions during these meetings will be based on publicly available information.Investor Meeting DetailsA schedule detailing the dates, nature of the meeting, and venue is provided below:Date & TimeNature of MeetingVenue24th & 25th June 2026, 9:30 AM to 6:00 PMOne-on-One Meeting / Group MeetingMumbaiROLEXRINGS Stock Price Movement As of 12:54 PM, shares of Rolex Rings Limited are slipping in live trading, shedding...

L&T Technology Services' ESG Rating Upgraded by CRISIL Following Enhanced Corporate Performance L&T Technology Services Limited has seen its overall Environmental, Social, and Governance (ESG) rating improved by CRISIL ESG Ratings & Analytics Ltd. The revision reflects the company’s enhanced performance across all key ESG parameters as assessed by the Rating Agency.CRISIL ESG Ratings & Analytics Limited independently revised L&T Technology Services' ESG score. The company saw its overall ESG score increase from 'Crisil ESG 69' to 'Crisil ESG 73'. Furthermore, the rating category was upgraded from 'Strong' to 'Leadership'.This upgrade signifies a recognition of the Company’s commitment and performance in meeting Environmental...

Inventurus Knowledge Solutions Grants 131,114 Stock Options Under IKS ESOP Plan The Nomination and Remuneration Committee (NRC) of Inventurus Knowledge Solutions Ltd has approved the grant of employee stock options totaling 131,114 under the IKS ESOP Plan. This approval was granted on June 16, 2026, as part of the company’s commitment through its Employee Stock Option Plan 2022.The NRC granted these options to eligible employees under the IKS ESOP Plan. The plan mandates that each option is convertible into one fully paid-up equity share, which has a face value of Re. 1/- per share. The Options were provided at an exercise price of Re. 1/- per Option, as determined by the NRC.The details regarding the significant terms of the IKS...

Welspun USA Inc. Fully Commences Commercial Production at Nevada Pillow Manufacturing Unit Welspun Living Ltd has announced that its subsidiary, Welspun USA Inc., has officially commenced full commercial production at its pillow manufacturing unit located in Nevada, USA.The facility is part of a strategic expansion initiative aimed at bolstering the Home textiles segment business within the US market. The setup was initially approved by the Board of Directors and involved a capital expenditure commitment of US $13 million.The commencement of full commercial operations marks an evolution from previous production stages. Welspun USA Inc. had previously started partial commercial production at the Nevada unit starting March 31, 2026...

Garware Hi-Tech Films Receives DGTR Findings in Anti-Dumping Investigation on TPU Film Imports Garware Hi-Tech Films Limited has received the Final Findings from the Directorate General of Trade Remedies (DGTR) regarding an anti-dumping investigation into imports of 'Thermoplastic Polyurethane (TPU) based surface/Paint Protection Film' originating from China. The findings were issued by the DGTR, a department under the Ministry of Commerce and Industry, on June 12, 2026, as reported to the company on June 16, 2026.The investigation focused on anti-dumping measures concerning TPU based films imported from People's Republic of China. The Authority has concluded the inquiry and recommended an anti-dumping duty designed to remove injury...

Shyam Metalics and Energy Limited Announces Exercise of Options under ESOP Scheme Shyam Metalics and Energy Limited has reported the exercise of options by eligible employees under the SMEL Performance ESOP Scheme ('ESOP - 2023'). The Company's Nomination and Remuneration Committee (NRC) approved these exercises during its meeting held on June 16, 2026.The exercised options pertain to the vested shares offered through the incentive plan for eligible employees under the aforementioned ESOP Scheme.Key details regarding the options granted are as follows:DetailInformationSchemeSMEL Performance ESOP Scheme ('ESOP - 2023')Total Options Granted8,76,738 Options to 63 Eligible EmployeesShares Covered by Options8,76,738 equity...