Markets

Galaxy Bearings Ltd Increases Advance Payment in Proposed Land Acquisition Galaxy Bearings Ltd has increased the advance payment made for the proposed purchase of agricultural land located in Gujarat. The company paid a further ₹25,00,000 to the seller, Mr. Samjibhai Pragajibhai Dhameliya on June 11, 2026.The land in question is situated at Village Shapar, Taluka Kotda Sangani, District Rajkot, Gujarat, and was identified by Old R.S. No. 254 and New R.S. No. 422/3. The total area of the agricultural land amounts to approximately 7,588 sq. meters.The additional payment brings the aggregate advance paid by Galaxy Bearings Ltd in relation to the proposed transaction up from ₹3,51,00,000 to ₹3,76,00,000. The payment was executed through...

Oracle Financial Services Shares Plunge as Investor Skepticism Over AI Spending Undermines Stellar Earnings Report Shares of Oracle Financial Services Software (OFSS) saw a significant decline in the afternoon trade on Thursday, reflecting widespread investor apprehension surrounding the massive infrastructure spending and future fundraising plans announced by its parent company, Oracle Corp. The stock plummeted despite the giant reporting strong fourth-quarter earnings and robust revenue growth.OFSS Stock Dips Amid Parent's AI Investment Fears OFSS shares were trading at Rs 9,262, registering a drop of Rs 208 or 2.20 percent on the NSE by 1:51 pm. The weakness in OFSS is consistent with market sentiment surrounding Oracle Corp., as...

Promoter Group Entities Acquire Equity Shares of MSP Steel & Power Ltd in Open Market Purchases Promoter group entities have made open market purchases of equity shares of MSP Steel & Power Limited, as detailed in recent reports concerning the company's shareholding structure. The acquisitions were conducted across several dates by three different promoter groups: Sampat Marketing Company Pvt Ltd, Shree Vinay Finvest Pvt Ltd, and Ilex Private Limited.The reported transactions outline the purchases made by each entity during June 2026.Key details of the open market purchases are summarized below:Promoter Group EntityShares AcquiredDate(s) of PurchaseSampat Marketing Company Pvt Ltd7,00,000June 4, 2026Shree Vinay Finvest Pvt...

USFDA Classifies Cipla's Goa Facility Inspection as Voluntary Action Indicated (VAI) Cipla Ltd has received the classification from the United States Food and Drug Administration (USFDA) regarding the routine Good Manufacturing Practices (cGMP) inspection conducted at its manufacturing facility in Verna, Goa. The USFDA classified the inspection as Voluntary Action Indicated (VAI).The investigation covered both the routine cGMP inspection and a Pre-Approval Inspection (PAI) at the company's facility located in Verna, Goa, India. These inspections took place between April 6 and April 17, 2026. The USFDA issued its classification via communication dated June 10, 2026.CIPLA Stock Price Movement Shares of Cipla Limited are edging higher...

Britannia Industries Loses Vice President as Executive Departs for External Opportunity Britannia Industries Ltd has announced that Mr. Manjunath Rakshit Hargave, who served as Vice President of Consumer Insight, Media and Competitive Intelligence, is resigning from the company.Mr. Hargave submitted his resignation to pursue opportunities outside of the organization.The executive will be relieved from his services with effect from close of business hours on July 3, 2026.BRITANNIA Stock Price Movement As of 2:04 PM, shares of Britannia Industries Limited are slipping by 0.58% in live trading, currently at ₹5141 as the stock sheds ₹30.00 from its previous close. The Fast Moving Consumer Goods stock sees heavy activity, with 170,098...

Mahindra Financial Services' Non-Convertible Debt Reaffirmed by Brickwork Ratings Mahindra & Mahindra Financial Services Ltd has seen its credit rating for specific debt instruments reaffirmed by Brickwork Ratings India Private Limited (BWR). The ratings were published on June 10, 2026.The reaffirmation covers the company's Non-Convertible Debentures (Subordinated Debt), reflecting sustained credit quality in the market.Details regarding the rating for the debt instruments are provided below:InstrumentRated Amount (Rs. in Crore)Rating StatusNon-Convertible Debentures (Subordinated Debt)2,125.68BWRAAA/Stable (Reaffirmed)The rating rationale and other specific details related to the instruments are available through BWR's...

SEBI issues Administrative Warning Letter to Khandwala Securities over Past IPO Document Noncompliance Khandwala Securities Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding a violation related to one of its previously filed Draft Offer documents. The letter was issued by SEBI on June 09, 2026, and received by the company on June 10, 2026.The warning concerns provisions of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, and the SEBI (Merchant Bankers) Regulations, 1992. The regulatory action relates to a Draft Offer document (DRHP) dated February 26, 2025, which was filed by Khandwala Securities in connection with an initial public offering...

Tulsi Extrusions Limited Appoints Mr. Sandesh Jaju as Additional Non-Executive Director Tulsi Extrusions Limited has announced that its Board of Directors approved the appointment of Mr. Sandesh Jaju as an Additional Non-Executive Director. The decision was made during a meeting held on June 10, 2026, and the appointment is effective from June 10, 2026, pending shareholder approval at the ensuing general meeting.The appointment relates to Mr. Sandesh Jaju (DIN: 07302544).Details regarding the new director, as provided by the company, are presented below:DetailInformationNameMr. Sandesh JajuRoleAdditional Non-Executive DirectorEffective Date of AppointmentJune 10, 2026Shareholding in the CompanyNILDirector...

BHEL receives Limited Notice to Proceed from DVC for 1x800 MW Durgapur Power Station Project Bharat Heavy Electricals Ltd (BHEL) has secured a significant operational milestone on the Damodar Valley Corporation (DVC) project, having received a Limited Notice to Proceed (LNTP). The notice pertains to the 1x800 MW Durgapur supercritical thermal power station and enables BHEL to initiate crucial preparatory work for the Main plant package.The LNTP allows BHEL to commence advanced engineering and begin the ordering of critical long lead items required for the project under the Main plant package. This development follows BHEL emerging as the successful bidder in a major tender conducted by DVC for the supply and execution of the Main...

Non-Executive Director Resigns from SIA Logisol India Private Limited, a Subsidiary of S J Logistics S J Logistics (India) Limited has announced the resignation of Mr. Bala Murugan Pitchaih Velldoss from the Board of Directors of its subsidiary, SIA Logisol India Private Limited. The change, effective June 11, 2026, pertains to the role of Non-Executive Director on the subsidiary's board.The company confirmed that the resignation was due solely to pre-occupation in another assignment and noted that there were no other material reasons for the decision.SIA Logisol India Private Limited is a subsidiary under S J Logistics (India) Limited. The transition details regarding the directorial change are summarized below...

Independent Directors Committee Concludes Open Offer Price Fair and Reasonable for Sharp India Ltd Sharp India Limited confirmed that its Committee of Independent Directors has reviewed the ongoing Open Offer initiated by Smart Services Private Limited, concluding that the offer price is fair and reasonable.The meeting of the Committee of Independent Directors was held on June 11, 2026, to discuss, analyze, and review the terms of the Open Offer concerning Sharp India Limited.The Acquirer, Smart Services Private Limited, initiated the Open Offer pursuant to a Public Announcement dated April 14, 2026, a Detailed Public Statement on April 20, 2026 (published on April 21, 2026), and a Letter of Offer dated June 3, 2026.The Committee...

Tara Chand InfraLogistic Solutions Approves Key Director Reappointments, Names New Statutory Auditors Tara Chand InfraLogistic Solutions Limited announced several key operational and governance approvals following its Board of Directors meeting held on June 11, 2026. The board considered and transacted decisions related to director re-appointments, the appointment of statutory auditors, and the planning for the company's upcoming Annual General Meeting (AGM).During the meeting, the Board reviewed and approved the financial year ended on March 31, 2026. Key leadership positions were confirmed, including the re-appointment of directors for subsequent terms.Director Appointments Confirmed The Board approved the re-appointment of two...

Prestige Group and BACL Partner to Unveil Landmark Convention and Integrated Destination in Bengaluru Airport City Bengaluru: The Prestige Group, in collaboration with Bengaluru Airport City Limited (BACL), announced a landmark integrated destination within Bengaluru Airport City. This project is set to seamlessly combine business, hospitality, culture, and experiences into one connected ecosystem, marking a major milestone for the evolution of the Airport City as a vibrant urban hub.The development is designed as a world-class hub encompassing business, hospitality, and culture. It will feature an iconic convention and exhibition centre, luxury hotels under the globally renowned St. Regis and Marriott Marquis brands, premium office...

HDB Financial Services Completes Allotment of Secured Redeemable NCDs Worth Rs 15,50,00,00,000 in Private Placement HDB Financial Services Limited has completed the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company allotted a total of 1,55,000 NCDs, aggregating to Rs 15,50,00,00,000/-.The debenture allotment details cover both re-issuance and fresh issuance tranches, with all instruments proposed for listing on the Wholesale Debt Market Segment of BSE Limited.Details regarding the size and value of the allotments are as follows:ParticularsRe-Issuance NCDsFresh Issuance NCDsSize of the issue30,000 NCDs @ Rs 1,00,000/- each (Totaling Rs 3,00,00,00,000/-)1,00,000 NCDs @ Rs...

India’s Labour Reforms Surge: How New Codes and Digital Infrastructure are Revolutionizing Employment and Social Security Union Minister of State Shobha Karandlaje led the Indian delegation in Geneva, addressing the 114th International Labour Conference (ILC). Addressing the global focus on decent work, the Ministry highlighted comprehensive structural reforms guided by "Antyodaya," demonstrating India's rapid progress in labour market development and social protection expansion.Landmark Reforms Simplify Labour Compliance Across India Ms. Shobha Karandlaje underscored that India has undertaken wide-ranging labour reforms through the consolidation of 29 Central Labour Laws into four simplified Labour Codes. These codes are designed to...

Ramkrishna Forgings Ltd. Registers Conversion of Warrants into Equity Shares by Riddhi Portfolio Pvt. Ltd. Ramkrishna Forgings Limited announced a key operational update regarding its shareholding structure, noting the conversion of warrants into equity shares by Riddhi Portfolio Private Limited. The transaction details pertain to the conversion of 3,35,000 warrants into an equivalent number of fully paid-up equity shares of Ramkrishna Forgings Limited.The acquisition event took place on June 09, 2026. As part of this process, 3,35,000 warrants were converted into 3,35,000 equity shares, each having a face value of Rs. 2/- (Rupees Two).Market and Capitalization DetailsThe conversion affects the total share capital and voting...

S J Logistics Approves Increased Borrowing Limits, Addresses Office Shift in Board Meeting S J Logistics (India) Limited conducted a Board meeting on June 11, 2026, where the directors reviewed and approved several significant corporate actions, including setting new financial limits for borrowing and providing security, as well as greenlighting the move of the company's registered office.During the meeting, the Board considered measures to increase the Company’s operational capacities and authorizations, all subject to subsequent shareholder approval. Key resolutions included:Increased Borrowing Limits: Approval was given to raise the borrowing limits of the Company up to X500 Crores (Rupees Five Hundred Crores Only) or an amount...

iSERA Lifesciences Completes Name Change from Covidh Technologies; Approves New Corporate Logo iSERA Lifesciences Limited, formerly known as Covidh Technologies Limited, completed a series of significant corporate transitions following its Board meeting held on June 11, 2026. The company confirmed the change in its corporate identity and approved the adoption of a new logo reflecting its strategic direction toward the life sciences sector.The company noted the shift from "Covidh Technologies Limited" to "iSERA Lifesciences Limited," effective with corresponding changes in its trading identifiers. The Scrip ID transitioned from "COVIDH" to "ISERA," as communicated by BSE Limited, and the change is scheduled to be operational on June...

Kundan Edifice Limited Secures Order Worth Approximately INR 1.05 Crore from Orient Electric Kundan Edifice Limited has received an order aggregating to approximately INR 1.05 Crore from Orient Electric Limited for the supply of lighting products. The order is scheduled for execution during June 2026, as part of Kundan Edifice Limited's core business operations.The contract pertains to the supply of key lighting components, including HV Flex (Rope Lights) and LV Flex (Strip Lights), which form part of Kundan Edifice Limited’s established product portfolio.The receipt of this order highlights the company’s continued engagement with Orient Electric Limited, a leading entity in the electrical and lighting industry. This business...

PI Industries Schedules Interactions with Institutional Analysts in June 2026 PI Industries Ltd has scheduled several one-on-one meetings with institutional investors and financial analysts in Mumbai during June 2026. The interactions are focused on providing updates and insights regarding the company's operations, as part of ongoing investor engagement efforts.The company confirmed that no unpublished price sensitive information is planned for sharing during these specialized meetings.PI Industries Ltd provided a detailed schedule outlining the engagements with various financial entities. These scheduled interactions are set to take place entirely in Mumbai.The meeting details are presented below:Date of MeetingInstitutional...