Markets

Hiliks Technologies Secures Sub-contract Order worth Rs 37.75 Crores for Railway Signaling Project Hiliks Technologies Ltd has secured a significant sub-contract order from Railone Projects Private Limited, totaling Rs 37,75,52,866/-. The contract involves providing Signaling and Telecommunication works related to the Motumari-Vishnupuram Doubling Project in Telangana and Andhra Pradesh states.This recent acquisition brings the cumulative value of pending orders for Hiliks Technologies Ltd to Rs 70 Crores.The sub-contract order, which was awarded by Railone Projects Private Limited, covers specialized Signaling and Telecommunication works intended for execution over an 18-month period.Key details regarding the new contract are...

Oil Rebounds Amid US-Iran Tensions; Downstream Stock Marches Lower as Crude Prices Surge Past $95 Barrel Crude oil prices surged sharply following renewed geopolitical tensions in the Middle East, leading to significant pressure across crude-sensitive sectors on Thursday. The sharp rise in global oil prices fueled concerns regarding input costs and profitability for fuel retailing, aviation, tyre manufacturing, and paint companies.The market witnessed a clear divergence: while upstream energy producers benefitted from the rally, downstream fuel marketing companies faced heavy selling pressure as investors assessed their reduced margins. Brent crude climbed above $95 per barrel in Asian trade, driven by fresh US strikes on Iran and...

Zappfresh and Local Farmers Partner for Development of 300-Tonne Freshwater Fish Farming in Assam New Delhi: DSM Fresh Foods Limited, operating as Zappfresh, has entered into a Memorandum of Understanding (MOU) with Gohpur Fish Farmer Producer Company Limited. The partnership is focused on establishing the Assam Aqua Project, an integrated freshwater fish farming initiative designed to strengthen backward integration and build a structured sourcing ecosystem for the company's seafood business in Gohpur, Biswanath District, Assam.The project involves approximately 100 acres of land and targets an annual production capacity of around 300 tonnes of freshwater fish. The operations will employ organized and scientific aquaculture...

Flipkart Bolsters Tech Push, Securing Senior Executives from Coupang, Swiggy, and Razorpay to Scale AI Ambitions Flipkart is aggressively deepening its focus on artificial intelligence and technology transformation, signing several high-profile senior executives from leading tech giants. The Walmart-owned e-commerce behemoth has brought in leaders formerly associated with Coupang, Swiggy, Razorpay, Tata Digital, Shadowfax, and Mastercard. These appointments underscore Flipkart's commitment to embedding sophisticated AI across every facet of its business operations.##Key Leadership Appointments Drive Technology RoadmapThe incoming executives are expected to join the company within the next few weeks and will assume critical...

Gradiente Infotainment Limited Launches State-of-the-Art Studio in Mumbai Gradiente Infotainment Limited has commenced operations of its new creative and production facility, "GRADIENTE STUDIO," located in Mumbai, Maharashtra. The launch marks a significant expansion of the company's media and entertainment infrastructure.The establishment of Gradiente Studio aims to strengthen the company’s in-house capabilities by covering content creation, production, post-production, digital media services, and related creative activities. Developed with modern production technologies, the facility is set to support both existing and future projects within the industry.Gradiente Infotainment believes that this new studio will contribute...

Systematic Industries Ltd Schedules Virtual Investor Conference "Samruddhi Season 3 - Nav-Bharat ka Caravan" Systematic Industries Ltd has announced an upcoming investor interaction, providing details regarding a group virtual conference focused on market engagements.The scheduled event is titled Samruddhi Season 3 - Nav-Bharat ka Caravan. The company confirmed the details of the virtual session in preparation for investors and analysts.Details of the interaction are as follows:Interaction DetailSpecificationEvent NameSamruddhi Season 3 - Nav-Bharat ka CaravanDate and TimeJune 16, 2026 (04:00 PM to 05:00 PM)Mode of InteractionVirtual ConferenceType of ParticipantsGroupThe company noted that the schedule for the...

Vipul Organics Taps Global Leader OMYA for Exclusive Distribution of Pigments Across Europe Vipul Organics Limited, a specialized chemical company operating in the pigments and dyes segment, has announced a strategic exclusive distribution partnership with Omya Group. The collaboration will establish Omya as the sole distributor for Vipul Organics' high-performance pigment dispersions and pigment powders across several European markets.Omya Group, described as a Swiss-based, multi-billion dollar global leader in industrial minerals and specialty chemical production, will handle the distribution of Vipul Organics' SunTone® and SunCoat® ranges. This exclusive agreement covers the United Kingdom, Norway, Bosnia, Serbia, Montenegro, North...

Nippon Life India Asset Management Allots Shares Under ESOP and PSU Schemes; Paid-Up Capital Increases Nippon Life India Asset Management Ltd announced that its allotment committee approved several equity share allotments on June 11, 2026. These allotments cover the Employee Stock Option Plan 2019 (ESOP 2019), the Employee Stock Option Scheme 2023 (ESOP 2023), and the Performance Linked Stock Unit Scheme 2023 (PSU 2023).The company allotted a total of 2,97,221 equity shares across these schemes. The details pertaining to each allotment are as follows:Details of Allotment Under Nippon Life India Asset Management Limited - Employee Stock Option Plan 2019 (ESOP 2019) The ESOP 2019 saw the allotment of 2,52,705 equity shares. These...

Siyaram Recycling Industries Secures USD 213,000 Order for Brass Billets from International Buyer Siyaram Recycling Industries Ltd has secured a noteworthy order amounting to USD 213,000. The contract was awarded by Green Metals FZCO for the supply of Brass Billets.The transaction details confirm that Siyaram Recycling Industries Ltd is engaging with an international entity. The order represents a fixed cost engagement and carries a strict execution timeline of within seven days.Key specifics regarding the order have been compiled, detailing the relationship between the parties and the nature of the transaction.MetricDetailsClient EntityGreen Metals FZCOProduct OrderedBrass BilletsOrder ValueUSD 213,000Order...

Zaggle Prepaid Ocean Services Ltd Secures 5-Year Agreement with Crompton Greaves Consumer Electricals Limited Zaggle Prepaid Ocean Services Limited has entered into a significant agreement with Crompton Greaves Consumer Electricals Limited, solidifying a partnership focused on employee expense management and benefits. The contract was finalized between the two companies on June 10, 2026.The core of the agreement involves Zaggle providing "Zaggle Save," an employee expense management and benefits platform, to Crompton Greaves Consumer Electricals Limited. This domestic agreement spans a five-year period.The transaction terms confirm that the service provided falls under an Agreement category. The arrangement ensures that the services...

Monarch Surveyors Secures 70% Stake in Rs 23.5 Million Infrastructure Project Monarch Surveyors and Engineering Consultants Limited has secured a significant consulting appointment under a Joint Venture (JV) for the Maharashtra Green Roads Connectivity for Inclusive Growth Program. The company holds a 70% partnership stake in this project, which involves providing ADB/PISC Consulting Services for program implementation support.The total order value of the infrastructure project is Rs 23,53,47,000/- (Rupees Twenty-Three Crores Fifty-Three Lakhs FortySeven Thousand Only). Based on the mutually signed Memorandum of Understanding (MOU), Monarch Surveyors' specific order value stands at Rs 16,47,42,900/-(Rupees Sixteen Crore FortySeven...

Ashutosh Agarwal Resigns from Electrosteel Castings as Whole-Time Director and CFO Electrosteel Castings Limited has announced the resignation of Mr. Ashutosh Agarwal from his positions as Whole-Time Director and Chief Financial Officer (CFO). The transition, attributed to personal reasons, is set to conclude on August 10, 2026.Mr. Ashutosh Agarwal submitted his resignation letter on June 11, 2026, confirming that there are no material grounds for his departure apart from those stated in the notice. The company confirmed that Mr. Agarwal would continue serving until the close of business hours on August 10, 2026.Details regarding the changes and disclosures were provided to stakeholders, including:Disclosure RequirementDetails...

Mahindra EPC Irrigation Secures Contract for Supplying Micro Irrigation Systems Mahindra EPC Irrigation Limited has been awarded a contract by the Office of the Executive Engineer, Water Resources Division for the supply of micro-pressurized irrigation systems. The order pertains to a community micro irrigation project and has been secured by the company.The contract focuses on providing specialized irrigation technology within a domestic setting. The total value of the order is approximately Rs.3.32 Crores, including GST.This agreement outlines the supply requirements and execution timelines for the systems intended for 100 hectares (Ha). Mahindra EPC Irrigation received the order notification on June 10, 2026.Details regarding...

Anlon Healthcare CEO Punitkumar Rasadia to Discuss Company Growth and Financials on NDTV Profit Anlon Healthcare Limited announced that its Chairman and Managing Director, Mr. Punitkumar Rasadia, has been invited for a television interview focusing on the company's journey and future prospects. The exclusive discussion is scheduled to air on NDTV Profit under "The Small Cap Buzzers."The televised event is set for June 11, 2026, at 01:30 P.M. IST.During the interview with Mr. Rasadia, the focus will encompass several key areas of the company's operations and trajectory. The discussion points include Anlon Healthcare's growth journey, recent developments within the organization, its financial performance for FY 2025-26, and the future...

Oil India and Canadian PTRC Announce Collaboration Framework to Advance CCUS and Geothermal Projects Oil India Limited (OIL) and the Petroleum Technology Research Centre (PTRC), a not-for-profit energy research company from Saskatchewan, Canada, have signed a collaboration framework focused on addressing global challenges related to energy transition and sustainability.The partnership was established during the Global Energy Show 2026 in Calgary, marking a move to strengthen friendly relations between India and Canada. OIL, a Maharatna CPSE under the Ministry of Petroleum & Natural Gas, Government of India, will partner with PTRC in areas including Carbon Dioxide Capture, Utilization and Storage (CCUS), Geothermal energy development...

AstraZeneca Receives Indian Approval for Enhertu®, Expanding Indications for HER2-Positive Breast Cancer Treatment AstraZeneca Pharma India Limited has secured crucial governmental permission to import and distribute its specialized oncology medication, Trastuzumab deruxtecan, under the brand name Enhertu®. The approval was granted by the Central Drugs Standard Control Organization, Directorate General of Health Services, Government of India.This significant authorization allows for the marketing of Enhertu® in India for an expanded indication related to breast cancer treatment. The permission relates to the product formulation: Trastuzumab deruxtecan 100 mg/5mL vial lyophilized powder for concentrate for solution for infusion.The...

Sanjoy Kothari Resigns as Non-Executive Director of Clean Science and Technology Limited Clean Science and Technology Limited has accepted the resignation of Mr. Sanjay Kothari from the position of Non-Executive Non-Independent Director, effective June 10, 2026.Mr. Sanjay Kothari tendered his resignation due to pre-occupation. The company's Board of Directors noted and formally accepted the resignation via a resolution passed by circulation on the same day, June 10, 2026.The resignation marks a change in the Board composition of Clean Science and Technology Limited. Management confirmed that despite the departure, there is no impact on the overall composition of the Board as per regulatory guidelines.Details regarding the...

BazaarNow Secures Rs 72 Crore to Conquer Tier-II and Tier-III City Quick Commerce Market BazaarNow, a specialized quick commerce platform designed for non-metro markets, has secured an additional funding round of Rs 72 crore. This investment brings the startup's total raised capital to Rs 80 crore, according to the company. The round was led by Peak XV Partners and saw participation from Whiteboard Capital and Antler.The capital infusion comes as the rapid expansion phase of quick commerce providers shifts focus away from saturated metropolitan hubs. Investors are now zeroing in on the vast potential within India's smaller towns and Tier-II and Tier-III cities.Strategic Positioning for Emerging Markets BazaarNow was founded by...

Ishan International Board Approves Investment of Surplus Funds Under Companies Act Ishan International Limited, a certified Star Export House and ISO 9001:2015 certified company, has announced that its Board of Directors approved the investment of surplus funds in various securities.The decision was made during a meeting of the Board of Directors held on June 10, 2026. The Board considered and sanctioned the allocation of surplus funds for investments under Section 186 of the Companies Act, 2013.The company's leadership confirmed that the board approved the investment of these surplus funds into shares, debentures, bonds, and other securities. This strategic approval marks a move by Ishan International to utilize its reserves in...

$105 Oil and a Warning Sign: US Inflation Surges Past 4%, Forcing RBI to Rethink Growth Outlook US Inflation Jumps to 4.2% as Energy Costs Drive Market Shift US consumer price inflation crossed 4 percent in May, marking the first time this level has been seen in three years. This significant jump was overwhelmingly fueled by energy costs linked directly to the conflict with Iran, according to data from the US Bureau of Labor Statistics (BLS) released on June 10. The Consumer Price Index (CPI) rose 0.5 percent month-on-month and reached 4.2 percent over the past 12 months, rising from 3.8 percent in April.The composition of this rise is key to understanding the market pivot. The energy index surged by 3.9 percent in May, accounting for...