Markets

Gulf Oil Launches 'Dream Beyond. Do Beyond' Campaign to Reinforce Commitment to Customer Success Gulf Oil Lubricants India Limited (GOLIL) has announced the launch of its new B2B brand campaign, 'Dream Beyond. Do Beyond'. The initiative is designed to strengthen relationships with stakeholders across the industrial, infrastructure, and Original Equipment Manufacturer (OEM) segments within Gulf's business portfolio.The campaign celebrates the commitment and partnerships that underpin Gulf's approach, highlighting how successful collaborations act as powerful drivers for growth in India's manufacturing and infrastructure sectors. It reinforces the company’s philosophy of consistently going beyond expectations, offering support to help...

United Drilling Tools Ltd Secures Export Order from Trident East Limited in Russia United Drilling Tools Ltd has secured a commercial export order for its specialized equipment, marking an international business win. The contract was awarded by M/s Trident East Limited of Russia for the supply of 'Puma Connector,' a product used within the Oil and Gas Industry.The agreement details include various significant terms regarding the scope and value of the initial transaction. This order has been categorized as a Trial Order and is directed toward an international entity.Key details concerning the commercial contract are summarized below:ParticularsDetailsEntity Awarding OrderTrident East Limited, RussiaNature of...

Competition Commission Closes Probe Into Developer Dominance: AIPL Cleared as Allegations Over Gurugram Rental Suppression Fail The Competition Commission of India (CCI) has closed a high-profile inquiry into allegations of anti-competitive behavior by Advance India Projects Limited (AIPL). The Information, filed by Jaya Pandey & Prakash C Pandey against the developer regarding commercial units in Gurugram, was directed to be closed forthwith under Section 26(2) of the Act.The CCI ruled that there was no prima facie case of contravention of Sections 3 or 4 of the Competition Act, 2002, rejecting interim relief sought by the buyers regarding possession and timely disbursement of dues.Allegations of Unfair Practices in Commercial Real...

Hariyana Ship Breakers Ltd Reaffirms Unqualified Audit Opinion Amid Financial Disclosures Hariyana Ship Breakers Ltd has confirmed that its financial results for the year ended March 31, 2026, carry an unmodified opinion from the Statutory Auditors, addressing initial concerns regarding a qualification. The company released clarifications confirming that references to "Basis of Qualified Opinion" found in the audit report were inadvertent typographical errors and should read as "Basis for Opinion."The Independent Auditor's Report on Standalone and Consolidated financial results confirmed that the reports issued are unqualified in nature and do not contain any adverse opinion or disclaimer.Key Observations from Audit Reports The...

Geopolitical Thaw: US-Iran Peace Deal Sends Bond Yields Tumbling, Fueling Fixed-Income Gains The easing of geopolitical tensions following news of a US-Iran deal is significantly impacting global financial markets. India's fixed income segment has seen a marked positive reaction, with the benchmark 10-year bond yield falling to its lowest point in nearly three months. This decline signals improving liquidity conditions and presents potential opportunities for debt fund investors.Market Reaction to De-escalation: Bond Yield Slips The Indian bond market responded positively to the development of the US-Iran agreement. The benchmark 10-year yield declined by approximately 3 basis points (bps) to hit an early Monday low of 6.83 percent...

Pilani Investment Announces Dividend and Details Annual General Meeting The Board of Directors of Pilani Investment and Industries Corporation Limited has recommended a dividend of ₹ 9/- per equity share for the financial year 2025-26. This recommendation was made by the Board during a meeting held on June 4, 2026.The company has also announced the schedule for its 79th Annual General Meeting (AGM) and specified the book closure period necessary for both the AGM proceedings and determining dividend eligibility.The Register of Members and Share Transfer Books of Pilani Investment and Industries Corporation Limited will be closed from Tuesday, July 7, 2026, to Monday, July 13, 2026 (both days inclusive). This book closure period...

Finkurve Financial Services Ltd Approves Rs 100 Crore NCD Issuance through Private Placement Finkurve Financial Services Ltd announced that its Board of Directors approved the raising of funds by issuing Non-Convertible Debentures (NCDs). The approval was made following a meeting held on June 15, 2026.The company approved the issue of NCDs for up to Rs 1,00,00,00,000/- (Rupees One Hundred Crores only) via Private Placement conducted through an Electronic Bidding Platform. The debentures are set to be listed on BSE Limited.The security offering involves a total issue size of one hundred crore. This figure comprises a Base Issue of Rs 50,00,00,000 and a Green Shoe of Rs 50,00,00,000. The debentures are rated, listed, senior, secured...

MRC Agrotech Ltd Board to Discuss Land Lease and Conversion of Loans into Equity Investment MRC Agrotech Ltd, formerly known as MRC Exim Ltd, has scheduled a meeting of its Board of Directors on June 22, 2026, to consider several critical strategic matters related to operations, asset management, and inter-company financing.The board agenda is set to address the long-term operational needs of the company alongside financial restructuring opportunities within its subsidiary. Key items slated for discussion include a proposal regarding the leasing of land and the recognition of Work-in-Progress assets.One significant item on the agenda involves the consideration of eligible completed Work-in-Progress (WIP) that can be converted into...

Smart Services Announces Open Offer to Acquire 25% Stake in Sharp India Ltd Smart Services Private Limited has initiated an open offer for the acquisition of equity shares in Sharp India Limited, representing a significant stake in the company. The open offer targets up to 64,86,000 equity shares of Sharp India Limited.The proposed transaction involves acquiring these shares at a price of Rs 10/- per fully paid-up Equity Share of Sharp India Limited. This acquisition target represents 25.00% of the fully paid up and voting share capital of Sharp India Limited (the Target Company).This open offer for the purchase of the equity shares was published on June 15, 2026. The offering details were disseminated through several newspapers...

Nirmala Sitharaman Unfettering Markets: More Policy Steps Planned to Spur Foreign Capital Inflows Finance Minister Nirmala Sitharaman has signaled that the government intends to introduce further measures aimed at attracting foreign capital into the Indian market. Speaking at the Hero Mindmine Summit 2026, she emphasized that increased investment is crucial for the nation's growth trajectory. The Ministry of Finance confirmed that a calibrated approach is being adopted to ensure markets see the required levels of investment.Immediate Steps Taken to Boost Foreign Investment The initial measures implemented by the government are designed to encourage foreign capital inflows. These steps include making tax exemptions regarding...

BNR Udyog Ltd Asserts Share Price Movements Are Purely Market Driven BNR Udyog Limited has clarified that there are no company-specific events or sensitive operational information that could cause significant movement in its share price, stating that any observed volatility is purely market driven.The company confirmed that no extraordinary events have taken place within BNR Udyog Ltd which relate to the operations or performance of the business and would impact shareholders.Management stated that the significance movement in the shares of BNR Udyog Ltd is entirely due to general market forces, affirming that no price sensitive information bearing on the company has been introduced.BNR Udyog Limited committed to promptly informing...

Symphony Limited Management to Interact with ET Swadesh on Company Business Overview Symphony Limited has announced that its management team will interact with a business channel to discuss the company's overall business overview. This interaction is scheduled for June 15, 2026.The company confirmed the details of this media engagement in relation to its operational communication strategy. The planned interaction involves ET Swadesh (Hindi).Key details regarding the management’s engagement are presented below:Business ChannelDateET Swadesh (Hindi)June 15, 2026Symphony Limited advised that this date remains subject to change. The interaction may be postponed or cancelled by the business channel or the company due to...

Vivanza Biosciences Ltd Board Meeting Scheduled to Discuss Auditor Appointment and Director Addition Vivanza Biosciences Ltd has scheduled a meeting of its Board of Directors on Wednesday, June 18, 2026, to review several key corporate matters, including the appointment of an internal auditor and the addition of a new director.The board meeting is set to consider critical business items related to financial reporting and governance structure. Among the agenda points is the authorization of Mr. Sarang Bharatbhai Pathak (DIN: 02663344) to sign the Financial Statements for the financial year ended March 31, 2026, on behalf of the Board.The company will also take note of the consent received from M/s Dharti Shah & Co. and approve their...

Jaiprakash Associates Limited Set for Delisting from NSE and BSE Effective June 18, 2026 Jaiprakash Associates Limited is set to have its equity shares delisted from both the National Stock Exchange of India (NSE) and the BSE Limited. The delisting process will be effective starting Thursday, June 18, 2026.The company received final approval for the delisting from both stock exchanges. This decision follows a Resolution plan that was approved by the Hon'ble National Company Law Tribunal (NCLT), Allahabad Bench, Prayagraj.The move marks the conclusion of the company’s listing period on the exchanges. Jaiprakash Associates Limited confirmed its compliance with all requirements laid out in the NCLT order dated March 17, 2026...

Australian Premium Solar Awarded Contract for 16 MW Grid-Connected Rooftop Solar Projects in Bihar Australian Premium Solar (India) Limited has secured a major contract from South Bihar Power Distribution Company Limited (SBPDCL) Department of Power, Government of Bihar Undertaking. The prestigious order involves setting up 16 MW Grid-Connected Rooftop Solar Projects under the CAPEX plus RESCO mode Utility-Led Aggregation Model of the PM Surya Ghar-Muft Bijli Yojana (PMSG-MBY).The contract, awarded by the domestic entity SBPDCL, brings significant commercial prospects for Australian Premium Solar. The project involves developing 16 MW Grid-Connected Rooftop Solar Projects, with each plant having a capacity of 1.1 Kw intended for...

LTM Launches BlueVerse™ for iRun: An AI-Native Model to Redefine Managed Services LTM, a Business Creativity partner to leading global enterprises, announced the launch of BlueVerse™ for iRun on June 15, 2026. This new product represents an AI-native managed services model designed to fundamentally transform traditional IT operations into resilient, intelligent, and outcome-driven operating structures.Traditional enterprise managed services are increasingly hampered by siloed teams, static processes, and a methodology focused on effort rather than results, especially within complex environments that integrate hybrid cloud, SaaS solutions, and AI ecosystems.BlueVerse for iRun addresses these limitations by shifting from...

K2 Infragen Bags 158.58 Crore Railway Electrification LOA from Konkan Railway Gurugram, June 2026: K2 Infragen Limited has secured a new Letter of Acceptance (LOA) worth 158.58 crore (including GST) from Konkan Railway Corporation Limited. The order involves the critical upgrade of railway electrification infrastructure across key sections of North Western Railway.The project encompasses design, supply, erection, testing, and commissioning necessary for upgrading the electric traction system from 1 x 25 kV to 2 x 25 kV. This significant contract covers the Luni-SMR-BLDI section within Jodhpur Division and the Jaipur-Sawai Madhopur section of the Jaipur Division.The scope of work spans a total of 403 route kilometres and 497.65 track...

Heritage Foods Limited CEO Set to Discuss Company Business with ET Now Heritage Foods Limited has scheduled an interaction between its Chief Executive Officer and a major business media channel to provide insights into the company's overall business operations.Mr. Srideep N Kesavan, the CEO of Heritage Foods Limited, is set to interact with ET Now to discuss the business overview of the company.The details of the planned interaction are as follows:Business ChannelDateET NowJune 17, 2026The interaction focuses on discussing the general business landscape and operations of Heritage Foods Limited. The company has stated that no unpublished price sensitive information will be shared during the session with the media outlet...

Computer Age Management Services Limited Allots 2,20,230 Equity Shares Under ESOP Scheme Computer Age Management Services Limited (CAMS) announced the successful allotment of equity shares to eligible employees pursuant to its Employees Stock Option Scheme 2019. The allotment comprises 2,20,230 equity shares at a face value of Rs. 2/- each and was completed on June 12, 2026.The allocation is part of the company's compensation structure under the CAMS ESOP Scheme 2019, which involves vesting options held by employees. The newly allotted shares rank pari passu with the existing Equity Shares of the Company.Following this allotment, the issued and paid-up equity share capital of Computer Age Management Services Limited has been updated...

Bank Nifty Surges Over 1% as Geopolitical Deal Ignites Rally, Banks Lead Steep Ascent Bank Nifty witnessed a robust rally, surging over 1% on June 15. This strong market performance follows a global uplift in financial markets after reports surfaced that an initial deal had been reached between the U.S. and Iran to end hostilities. The developments led to a tumbling of oil prices amid expectations of resuming traffic through the Strait of Hormuz.Sector-Specific Market Movements on Peace Deal Buzz The banking sector drove significant gains during the session, with Nifty Private Bank index trading up 1.06% and the Nifty PSU Bank index rising by 1.25%. Key private sector institutions were among the strongest performers in the market.On...