Markets

World’s Third Largest Startup Ecosystem Fuels Global Good, PM Declares at Bharat Innovates In a keynote address delivered at Bharat Innovates 2026 in France, the Prime Minister heralded India's rapid ascent from a technology consumer to a global innovator. The event served as a crucial platform, bridging Indian youth talent with European expertise and capital. The address underscored that the relationship between India and France is driven by shared interests, conviction, and a mutual vision for innovation.Defining 'Tech For Humanity': India's Innovative Vision The Prime Minister emphasized that modern challenges demand solutions guided by humanity. He stated that Bharat Innovates is intended to be a platform where young Indian minds...

India's Space Economy Poised for Massive Leap as 400+ Startups Drive Path to US$ 45 Billion Union Minister of State (Independent Charge) for Science & Technology and Earth Sciences, Dr Jitendra Singh, has stated that India’s space economy is on track for exponential growth. Currently valued at USD 8-9 billion, the sector is projected to reach nearly USD 40-45 billion over the next decade. This ambitious transformation is being fueled by policy reforms, increasing private participation, and a rapidly expanding innovation ecosystem across the nation.Addressing a press conference, Dr Singh emphasized that this growth reflects a profound shift where science and technology have moved beyond laboratories and are becoming integral to...

PM Modi Inaugurates Bharat Innovates 2026: India Pushes Deep Tech Agenda Amid Global Innovation Push A momentous display of technological prowess was unveiled today as Prime Minister Shri Narendra Modi and President Emmanuel Macron jointly inaugurated "Bharat Innovates 2026" in Nice, France. This high-profile summit is designed to showcase the cutting edge of India's deep technology ecosystem on a global stage. The event serves as a vital platform connecting promising Indian start-ups with international innovation funds and major global investors.The three-day summit features 120 pathbreaking start-ups alongside over 20 premier Institutes of Excellence. These innovators are categorized across 13 critical technology pillars...

Memory Chip Scarcity Drives $200Bn Data Centre Wave as India Prepares for Manufacturing Boom Union Minister Ashwini Vaishnaw has asserted that India is rapidly positioning itself at the heart of the global semiconductor supply chain. He confirmed that not only existing manufacturers are scaling up production, but new investment will also flow into memory chip manufacturing units in the country. This move comes amid intense worldwide demand driven by AI data centers and a persistent components shortage.The escalating need for high bandwidth memory chips is forcing companies globally to ramp up production capacities. Manufacturers who cater to this market have been aggressively investing to meet requirements, directly addressing the...

Pradeep Ganediwal Acquires 8.56 Lakh Equity Shares from Late Shri Ranchhod Prasad Ganediwal in Mid India Industries Ltd Pradeep Ganediwal, a promoter of Mid India Industries Limited, has acquired 8,56,126 equity shares through the transmission process following the demise of Late Shri Ranchhod Prasad Ganediwal, another promoter of the company. The transfer of ownership occurred on June 11, 2026.The transaction involved the acquisition of these securities by Mr. Ganediwal from his late father, transforming the holding into his name. This completed transmission event is a key detail concerning the company's promoter group holdings.Promoter Holding Details As per the records, the details of the shareholding change are as follows...

Sattva Engineering and Consortium Secure ₹108.4 Crores DBOT Wastewater Treatment Project in Tamil Nadu Chennai, India — Sattva Engineering Construction Limited, partnering with JSR Infra Developers Private Limited, has secured a wastewater treatment infrastructure project from Thiruverkadu Municipality. The contract, valued at ₹ 108.4 crores (excluding GST), involves the design, engineering, construction, and operation of a sewage treatment plant in Koladi, Tamil Nadu.This significant contract strengthens Sattva Engineering’s involvement in India's urban water and environmental infrastructure sector, awarded under the Design-Build-Operate-Transfer (DBOT) model.The project scope focuses on establishing a 46 MLD wastewater treatment...

Kabra Drugs Secures Letter of Intent from Chhattisgarh Government for ₹200 Crore Pharma Manufacturing Project Kabra Drugs Limited, a pharmaceutical company focused on specialty formulations, injectables, and APIs, has received a Letter of Intent (LOI) from the Government of Chhattisgarh. The LOI is for the establishment of a pharmaceutical manufacturing facility at Nava Raipur Pharma Park in Chhattisgarh.The proposed project includes an investment of approximately ₹200 Crore. This new facility is intended to be established within the strategically located Nava Raipur Pharma Park, which is being developed by the state government. The project is also expected to create around 250 direct and indirect employment opportunities. Kabra Drugs...

Jio Platforms Surges into Global Top 20 in WIPO Patents Ranking Jio Platforms Limited (JPL), a technology subsidiary of Reliance Industries Limited, has achieved a significant milestone by surging into the global top 20 in the latest Patent Co-operation Treaty (PCT) rankings released by the World Intellectual Property Organisation (WIPO). This recognition highlights the company's rapid ascent among international innovators.The report, which ranks top PCT applicants based on published data, noted that JPL climbed 320 places to secure a spot among elite global technology leaders. Competitors listed in this advanced field include giants such as Huawei, Samsung, Qualcomm, LG, Panasonic, Nokia, Google, Apple, and Microsoft.Jio's patent...

Lippi Systems Ltd holds EGM; shareholders vote on capital increase and preferential issue of equity warrants Lippi Systems Limited conducted an Extraordinary General Meeting (EGM) on Sunday, June 14, 2026, at its registered office in Ahmedabad. The meeting was convened to seek member approval for key corporate resolutions concerning the company’s share capital and a planned issuance of financial instruments.The EGM commenced at 11:30 AM IST and concluded an hour later, at 11:50 AM IST. Mr. Nandlal J. Agrawal, Chairman and Managing Director of the Company, chaired the meeting, while Ms. Apexa Panchal, Independent Director, presided over items where Mr. Agrawal had a conflict of interest.The board presented two primary special...

Mphasis Allots Over 11,000 Equity Shares Following Exercise of Employee Stock Options and Restricted Stock Units Mphasis Ltd has approved the allotment of a total of 11,867 equity shares against the exercise of both Employee Stock Options (ESOPs) and Restricted Stock Units (RSUs). The decision was made by the ESOP Compensation Committee on June 13, 2026, concerning the Employee Stock Options Plan 2016 and the Restricted Stock Units Plan 2021.The allotment breakdown is detailed as follows:PlanEquity Shares AllottedESOP 201610,678RSU Plan 20211,189The terms and timeframe for the exercise of these stock options and units are aligned with their respective plan documents. The mechanisms for both plans involve a cashless...

Sun Pharmaceutical Reassures Market Following Arrest of Independent Director Sun Pharmaceutical Industries Limited has addressed the news regarding the arrest of an Independent Director. The Company stated that the matter in question is not connected with the organization, and it does not envisage any negative impact on the company or its Board processes.The announcement confirmed the information concerning Mr. Gautam Doshi, an Independent Director of Sun Pharmaceutical Industries Limited, who was arrested.In response to the developments, Sun Pharmaceutical Industries Limited emphasized that while they are closely monitoring the situation, no connection between the incident and the Company has been established. The company stated...

Nation Pledges Holistic Justice: Major Workshop Kicks Off 'Nyaya Prabodh' Initiative to Boost Legal Awareness The Department of Justice, Ministry of Law and Justice, Government of India, is set to host a crucial Regional Workshop on June 15, 2026. The event focuses on the DISHA Scheme (Designing Innovative Solutions for Holistic Access to Justice) and 'Reforms Utsav' at the Govt. Degree College in Dharamshala, Himachal Pradesh. This commitment reflects the government's ongoing dedication to ensuring that justice remains affordable, inclusive, and fully accessible to every citizen across India.The program is expected to be attended by top state officials, including the Hon'ble Governor of Himachal Pradesh and the Hon'ble Chief Minister...

India Refiners Surge in Russian Oil Purchases, Solidifying Position as Key Global Buyer Amid Sanctions Pressure India has dramatically boosted its procurement of Russian fossil fuels, emerging as one of the world's preeminent buyers following trade restrictions reshaped global energy flows. The Centre for Research on Energy and Clean Air (CREA) reported that India imported an estimated €5.8 billion (USD 6.7 billion) worth of Russian hydrocarbons in May, with refiners spearheading the expanded purchases from Moscow.Crude oil accounted for a significant portion of these imports, valued at €4.8 billion or about 83 percent of the total intake. The procurement also included €550 million in oil products and €429 million worth of coal. This...

Axis Solutions Advanced MAG200 Electromagnetic Flow Meter through In-House R&D Axis Solutions Limited has announced a significant advancement in its product line with the development of the MAG200 Electromagnetic Flow-Meter. This highly advanced meter is designed by and tested at the company's in-house Product Development Unit, reflecting Axis' commitment to managing the complete product journey from concept through commercial readiness.The MAG200 addresses the needs of demanding industrial operating environments. Developed using expertise established within a DSIR-approved R&D Centre, the meter is designed for measuring the flow of conductive liquids and slurries with reliable accuracy and minimal maintenance. A key design feature...

Ceinsys Tech Limited Receives International Purchase Orders from T Second Inc, USA Worth Over 316 Lakh USD Ceinsys Tech Limited, along with its wholly owned subsidiary Technology Associates Inc., has secured international purchase orders from T Second Inc, USA. These contracts represent a significant business opportunity for the Company and its US subsidiary in applying AI tools and products to enterprise solutions and new generation technology applications overseas.The orders cover various high-tech areas, including NVME drives supply, AI-powered data processing, and advanced geospatial imagery repository services. The contracts were awarded following opportunities identified through a Teaming agreement between Ceinsys Tech Limited...

Sandhar Technologies Restructures Leadership in Automotive Business Group Sandhar Technologies Limited has announced organizational changes within its Automotive Business Group following a strategic realignment of its leadership structure, effective June 13, 2026. These appointments involve senior management positions overseeing the growth and operational aspects of the business unit.Mr. Vikas Puri has stepped down from his duties as Chief Operating Officer - Automotive Business and Head of the Automotive Business Group. The company acknowledged Mr. Puri for his dedication and valuable contributions to the development of the Automotive Business Group. Despite this transition, he will continue in the role of a Key Managerial Personnel...

Global Energy Turmoil: India Stabilizes Fuel Prices Amid International Volatility, Sources Show Comforting Surpluses Union Minister Hardeep Singh Puri has assured that the country faces no shortage of energy. He stated on Saturday that the supply situation for crude oil, LPG, and natural gas remains "quite comfortable," despite global fuel price volatility caused by geopolitical events. These remarks underscore India’s managed resilience in the face of rising international costs.The Minister revealed data showing significant international price inflation while India successfully insulated its consumers. He noted that rates within India dropped by 3.1 per cent between May 2022 and May 2026, contrasting sharply with other nations.Fuel...

Radaan Mediaworks India Limited Appoints Ramya Ravi as Company Secretary and Compliance Officer Radaan Mediaworks India Limited has announced the appointment of Ms. Ramya Ravi to serve as the Company Secretary and Compliance Officer, effective from June 13, 2026. The decision was taken by the Board of Directors at its meeting held on that day.The appointment fills a key management role within the company, securing compliance and secretarial functions under the newly appointed officer.Details regarding Ms. Ramya Ravi’s appointment include her professional background: she is a graduate of MOP Vaishnav college for women, Madras University, with a B.com (corporate secretaryship). She completed her Company Secretary course in 2008. Prior...

B-Right RealEstate Ltd receives 'Excellence In Integrated Property Solutions' award; posts strong FY26 results B-Right Realestate Limited (BRRL) has been conferred the prestigious 'Excellence In Integrated Property Solutions' award at the Crafting Bharat Business Conclave & Awards 2026. This recognition highlights the company's commitment to delivering innovative, customer-centric, and value-driven real estate solutions, underscoring its efforts to set industry benchmarks in project execution, redevelopment, and integrated property development.The esteemed platform, the Crafting Bharat Business Conclave & Awards 2026, brings together industry leaders and entrepreneurs across the country to recognize outstanding achievements. BRRL...

Sparc Electrex Ltd Delays Submission of Standalone Audited Financial Results for FY 2026 Sparc Electrex Limited announced a delay in submitting its Standalone Audited Financial Results for the quarter and financial year ended March 31, 2026. The company stated that additional time is required to complete the extensive reconciliation of inter-branch accounts and balance confirmations across multiple locations to ensure the preparation of accurate financial statements.The Board of Directors' meeting, which was scheduled to consider the Standalone Audited Financial Results along with the Auditors Report for the period, has been rescheduled. The postponed meeting is set for Saturday, June 20, 2026, at 3:30 p.m. at the registered office of...