Markets

Lenders Agree to 60-Day Extension for Supreme Infrastructure India Limited Scheme Completion Supreme Infrastructure India Limited (SIIL) announced that its lenders have agreed, in principle, to a 60-day extension period to complete all remaining obligations under the Scheme of Arrangement/Compromise. This development follows a review meeting conducted with the Court-Appointed Commissioner regarding the implementation status of the Scheme, which was initially approved by the National Company Law Tribunal (NCLT) on May 11, 2026.The Company had previously demonstrated sufficient funds to meet its obligations under the Scheme and called upon the remaining three lenders to operationalize the escrow mechanism and execute the consequential...

C2C Advanced Systems Lands Major Order for Counter-Drone System Components from Defence Agency C2C Advanced Systems Limited has secured a significant follow-on order from a leading Indian defence and aerospace company, involving the supply and integration of 30 specialized Counter-Drone System SubUnits. This contract marks a major progression in C2C’s counter-drone programme and helps complete a fully deployable Counter-UAS stack.The current order encompasses the provision of 30 Sub-Units, which include external sensor and effector components such as Electro-Optical Tracker, Detector, Jammer, and Spoofer configurations. These peripherals are set to be integrated with the 30 Mission Computing Systems previously contracted in the...

NSE IPO Filing Expected This Week as Stakeholders' Stocks Surge Up to 8% Shares of The New India Assurance Company and IFCI saw significant rallies on Monday following reports that the National Stock Exchange (NSE) is likely to file its draft red herring prospectus (DRHP) for an Initial Public Offering (IPO) this week. Both stocks experienced sharp gains as the market processed news of the potential listing of the exchange itself.Stakeholder Stocks Rally Amid NSE IPO Speculation The New India Assurance Company witnessed a considerable increase, settling at ₹160.52 per share on the NSE, marking a 5.05 percent gain. The stock's upward momentum was highlighted as it climbed by 7.46 percent during the trading day to reach ₹164.20 per...

Zenith Drugs Limited Submits Revised Financial Results Following Tax Classification Correction Zenith Drugs Limited, a company previously known as Zenith Drugs Private Limited, has submitted revised financial results for the half year and the full year ended March 31, 2026. This submission involves correcting an inadvertent classification error in its previous filing.The clarification pertains to the provision for current income tax. The original financial statement had allocated a provision of Rs 160.40 Lakhs in the Balance Sheet to "Reserves & Surplus," when it should have been classified under "Current Tax Liability / Provision for Taxation." Zenith Drugs Limited clarified that this error was unintentional and confirmed that the...

Mahindra EPC Irrigation Limited Awarded Contracts for Micro Irrigation Systems Worth Rs. 17.15 Crores Mahindra EPC Irrigation Limited has secured four contracts concerning the supply of Micro Pressurized Irrigation Systems for community micro irrigation projects. The orders were received by the company on June 15, 2026.The contracts involve supplying specialized Micro Pressurized Irrigation Systems to the Office of the Executive Engineer, Electrical and Mechanical Heavy Plant Division. These orders cover a significant aggregate area of 680 hectares.These agricultural supply contracts are entirely domestic in nature. The total consideration for all four projects is approximately Rs.17.15 Crores, which includes GST.Details regarding...

Persistent Systems' ESOP Trust Plans Additional Share Purchase to Meet Employee Vesting Commitments Persistent Systems Limited (PSL) has confirmed that its ESOP Trust will continue acquiring company shares in the secondary market to facilitate vesting commitments for eligible employees under its stock option schemes.The ESOP Trust, which manages and administers the Persistent Employees Stock Option Scheme 2014 (PESOS 2014) and Employee Stock Option Plan 2017 (ESOP 2017), executed a previous purchase during the period spanning May 15, 2026, to June 11, 2026. During this time, the Trust completed the secondary market purchase of 107,874 shares of the company.The ongoing share acquisitions are designed to cater to the vesting...

Urban Unemployment Plummets to One-Year Low as Labour Force Participation Moderates in India The Periodic Labour Force Survey (PLFS) for May 2026 reveals a mixed picture of the Indian labour market. While urban unemployment rates registered significant declines, overall Labour Force Participation Rate (LFPR) showed signs of moderation across key demographics. The data underscores a complex period where employment opportunities contracted at a noticeable pace.Declining Trends in Labour Force Participation Rate (LFPR) The all-India LFPR for persons aged 15 years and above stood at 54.4% in May, 2026. This figure marks a marginal decline from the 55.0% recorded in April, 2026.Rural areas saw their LFPR stand at 56.6%, while urban...

SpaceX Shares Soar After Record IPO; Skyrocking Valuation Signals Massive AI Revolution Bet SpaceX shares experienced a significant premarket rally on Monday, following its blockbuster debut that positioned it among the world’s most valuable public companies. The surge built upon the momentum established during its highly anticipated initial public offering (IPO) last Friday.Market Surge and Record Valuation The stock climbed as much as 7.7%, trading at $173.30 in premarket activity. This move put the company on track to sustain the massive gains seen on Friday, which accounted for a 19% increase in value. Following its record $75 billion IPO, SpaceX held a market valuation of approximately $2.1 trillion at the close last week...

EPACK Durable Limited Announces Resignation of Senior Management Personnel EPACK Durable Limited has announced the resignation of Mr. Sumedh Singh, Assistant Vice President - Human Resource (HR Head), who held the position as a designated Senior Management Personnel at the company.The resignation, which is attributed to unavoidable personal circumstances, is effective from close of business hours on June 15, 2026.Mr. Singh tendered his resignation from the post of Assistant Vice President - Human Resource (HR Head). This information details the cessation of the Senior Management Personnel role at EPACK Durable Limited due to the stated personal reasons.EPACK Stock Price Movement Today, EPACK Durable Limited shares edged higher to...

Rail Safety Surge: Indian Railways Allocates ₹201 Crore for Kavach Project, Targeting Crucial North Indian Routes In a significant move towards bolstering railway security and efficiency, Indian Railways has approved a crucial infrastructure upgrade across its Northern Railway network. The project involves installing the indigenous Kavach Automatic Train Protection (ATP) system on 811 route kilometers within the Ambala Division. Sanctioned at a cost of ₹201 crore, this investment targets key rail corridors serving vital economic centers in several states.Project Scope and Key Routes Covered This expansive initiative forms part of a wider program aimed at deploying Kavach across all balance routes of Indian Railways. The approved work...

Global Pet Industries Limited Appoints Ms. Harmi Bipin Panchal as Chief Financial Officer Global Pet Industries Limited has appointed Ms. Harmi Bipin Panchal as the Company’s Chief Financial Officer (CFO). The appointment was made by the Board of Directors during a meeting held on June 15, 2026.The company confirmed that Ms. Harmi Bipin Panchal will take up the role in accordance with Section 203 of the Companies Act, 2013.Professional Profile and Appointment Details Ms. Harmi Bipin Panchal brings a strong background in business management to the role. She holds a Bachelor of Management Studies from Kandivali Education Society Mumbai and a Master of Science in International Business Management with Marketing from Heriot-Watt...

India-US Trade Talks Set to Surge as Deal Nears Final Tranche; Focus on Economic Stability A United States Trade Representative delegation is scheduled to visit India on June 23 and 24 for high-level discussions with Commerce Minister Piyush Goyal. This visit aims to provide "final touches" to the first tranche of the proposed bilateral trade agreement (BTA) between the two nations.Commerce Secretary Rajesh Agrawal confirmed that these talks are part of an ongoing effort to conclude a comprehensive BTA, which has been under continuous review by both countries. The discussions will build upon previous engagements held in New Delhi from June 1-4.Finalizing the India-US Trade Deal and Bilateral Alignment The delegation's visit follows...

Tata Motors Passenger Vehicles Surge Amid Market Optimism as JLR Faces Headwinds Tata Motors witnessed a bifurcated performance in the recent market session. The Passenger Vehicle (PV) segment delivered robust gains, driving significant momentum for the stock. This positive momentum stood in stark contrast to the subdued trading observed in Jaguar Land Rover (JLR). Analysts are closely monitoring this divergence between core domestic mobility and luxury brand stability.PV Segment Drives Stock Rally as Tata Focuses on Mass Market Appeal The performance of Tata’s PV offering is demonstrating strong consumer pickup. The segment has seen accelerated demand, reflecting the growing appeal of robust and affordable vehicles across various...

United Drilling Tools Secures Trial Export Order from Russia for Specialized PUMA Connectors United Drilling Tools Ltd. (UDTL), a leading manufacturer of specialized high-technology equipment for the oil and gas sector, announced that it has secured a trial export order from M/s Trident East Limited in Russia. The contract involves supplying PUMA Connectors, marking a significant milestone as this is the first time these connectors have been supplied from India to Russia.The order highlights UDTL's unique standing in the market, as the company is currently the only manufacturer in India capable of producing these highly specialized connectors. These products are essential components used across critical applications within the oil and...

Creative Newtech Limited Launches WOZOYO: A Global Consumer Technology Brand Targeting Affordable-Premium Segment Creative Newtech Limited, a significant player in the digital infrastructure and technology distribution landscape, has announced the launch of WOZOYO, a new global consumer technology brand. The company’s subsidiary, Secured Connection Limited (Hong Kong), is spearheading the introduction of WOZOYO, which is strategically positioned for the affordable-premium segment of the market.The initiative marks a strategic milestone for Creative Newtech, reflecting an expansion from enabling and distributing global brands to owning proprietary consumer technology lines. The brand, designed in Japan, aims to embody innovation, cool...

Aether Industries Allots 3,677 Equity Shares Under ESOS 2021; Share Capital Reaches Rs 1,32 Crore Aether Industries Limited has approved the issuance and allotment of 3,677 Equity Shares under its Employee Stock Option Scheme 2021 (AIL ESOS 2021). This corporate action was approved by the Company's Nomination and Remuneration Committee on June 15, 2026.The allotted shares have a face value of Rs. 10 each and were issued at an exercise price of Rs. 885/- per share. These shares represent stock options granted to eligible employees upon the exercise of their rights under the AIL ESOS 2021.In addition to this specific allotment, the company has also secured in-principle approval from M/s BSE India Limited and M/s National Stock...

Waaree Renewable Technologies Extends Timeline for Acquisition of Associated Power Structures Waaree Renewable Technologies Limited has announced an extension for the completion of its acquisition of Associated Power Structures Private Limited, which was previously known as Associated Power Structures Limited.The company confirmed that the acquisition process, which was originally scheduled to be completed by June 15, 2026, requires a revised timeline. The updated schedule extends the completion date to June 30, 2026.This extension is attributed to procedural requirements surrounding the overall transaction. The complete process includes the transfer involving the acquisition of existing securities as well as the allotment of new...

Global Pet Industries Limited Appoints Harmi Bipin Panchal as Chief Financial Officer Global Pet Industries Limited has appointed Ms. Harmi Bipin Panchal as its new Chief Financial Officer (CFO). The appointment was made by the Board of Directors at a meeting held on June 15, 2026.The company announced that Ms. Panchal will take on the role with a term of appointment as mutually decided by the Board of Directors. Her profile includes a Bachelor of Management Studies from Kandivali Education Society Mumbai and a Master of Science in International Business Management with Marketing from Heriot-Watt University, Dubai.Ms. Panchal possesses a strong background in international business, management, and marketing. Her academic foundation...

Master Components Limited Recommends 7.5% Dividend for FY2025-26, Sets Record Date Master Components Limited has announced key financial details regarding its upcoming Annual General Meeting (AGM), recommending a dividend rate of 7.5% per share for shareholders in the financial year ended March 31, 2026. The company also fixed the record date for determining entitlement to this final dividend.The management of Master Components Limited stated that the recommended final dividend stands at 7.5%, which translates to Rs. 0.75/- per share, pending approval by the shareholders during the 27th Annual General Meeting.To ensure fair dividend distribution, the Record Date for determining members' entitlement to the final dividend of Rs...

DMR Engineering Ltd Fixes Record Date for Final Dividend of FY 2025-26 DMR Engineering Ltd, formerly DMR Hydroengineering & Infrastructures Limited, has announced the record date for determining member entitlement regarding the final dividend for the financial year ended March 31, 2026.The company set Monday, June 22, 2026, as the Record Date for the payment of the final dividend on equity shares.In relation to this event, the company is scheduled to hold its Annual General Meeting (AGM) on Tuesday, June 30, 2026. The meeting is set for 11:30 a.m. and will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM).The final dividend amount will be subject to deduction of tax at source if it is approved by the...