Markets

SEBI Scrutiny Heats Up: Rajesh Exports Defies Revenue Inflation Claims, Citing 'EBITDA Misreading' by Regulator Gold jewelry maker and exporter Rajesh Exports Ltd has strongly rebutted SEBI's allegations of revenue inflation regarding its overseas subsidiaries. The company, which is currently under regulator scrutiny after nearly two-and-a-half years of clarifications, maintained that the alleged ₹15.15 lakh crore discrepancy stems from a fundamental misinterpretation of financial metrics by the regulatory body.Rajesh Mehta, founder and Chairman of Rajesh Exports, stated that while SEBI raised concerns about inflated consolidated revenues, only nine queries remain unresolved. He characterized all other flagged questions as minor...

Promoter Plans Sale of Shares in Open Market to Meet Minimum Public Shareholding Mandates GNG Electronics Limited has announced a plan for its promoter, Vidhi S Khandelwal, to sell equity shares in the open market. The proposed sale aims to help the company meet minimum public shareholding requirements as mandated by applicable regulations.The Promoter intends to divest up to 45,00,000 equity shares of the Company. Each share has a face value of ₹ 2. This transaction represents a maximum divestation of 3.95% of the total paid-up equity share capital of GNG Electronics Limited.Vidhi S Khandelwal confirmed her intention to undertake the proposed sale. The entire divestment process is scheduled for completion on or before June 19...

RKEC Projects Limited's Debt Profile Highlights Significant Exposure from Financial Institutions RKEC Projects Limited has detailed its financial commitments and debt structure in relation to loans from banks and financial institutions, revealing specific default concerns alongside a comprehensive breakdown of its borrowing profile.As of May 31, 2026, the company reported that the total amount outstanding for loans and revolving facilities from banks and financial institutions was recorded at 233.94 Cr. Furthermore, the company currently holds a total financial indebtedness figure of 224.28 Cr, which encompasses both short-term and long-term debt.Specific details regarding obligations to lenders include:Lender CategoryPrincipal...

US Inflation Breaks 3-Year Mark Amid Geopolitical Tensions and Soaring Energy Costs Consumer price inflation in the United States surged to its highest level in three years last month, with rising gas prices serving as a primary catalyst. The increase has created significant headaches for the Federal Reserve and adds complexity to the near-term political landscape ahead of midterm elections.The Labour Department reported that consumer prices rose by 4.2 per cent in May compared to a year earlier. This figure marks an acceleration from the 3.8 per cent rise recorded in April, constituting the third consecutive month of inflation increase. On a monthly basis, prices climbed 0.5 per cent.Consumer Price Index Hits Three-Year Peak While...

Norben Tea & Exports Sets Cut-Off Date for Electronic Voting Ahead of AGM Norben Tea & Exports Limited has announced a critical deadline for shareholders who wish to participate in the electronic voting process for its upcoming General Meeting. The company fixed June 26, 2026, as the definitive cut-off date for shareholders holding their shares in demat form to cast their votes electronically.The measure targets all shareholders of Norben Tea & Exports Limited registered in a dematerialized format. This specific deadline is intended to ensure proper recording and management of electronic votes pertaining to the 36th Annual General Meeting.NORBTEAEXP Stock Price Movement Shares of Norben Tea & Exports Limited slipped by 1.05% to...

STL Networks Limited Appoints New Director Amid Changes to Key Committees STL Networks Limited has announced significant changes following its Board of Directors meeting held on June 10, 2026. The board noted the resignation of Whole Time Director Mr. Pankaj Malik and approved the appointment of Mr. Chandrasekhara Rao Battula as an Additional Director, who is also designated as Interim Chief Executive Officer (CEO) and Key Managerial Personnel.Mr. Pankaj Malik stepped down from his role as a Whole Time Director with effect from the close of business hours on June 10, 2026. While resigning from the directorship, Mr. Malik will continue to serve the Company for a transition period of three months, ensuring a smooth transfer of...

Urban Road Transformation: CSIR-CRRI, Uttar Pradesh Launch Mega Initiative to Fight Air Pollution through Greening Milestones in Sustainable Urban Planning CSIR-Central Road Research Institute (CSIR-CRRI) has signed a pivotal Memorandum of Agreement (MoA) with the Public Works Department (PWD), Government of Uttar Pradesh. The partnership involves the School of Planning and Architecture (SPA), New Delhi, focusing on implementing a comprehensive framework for paving and greening urban roads in the NCR Region. This agreement formalizes efforts to translate research findings into actionable projects within the state's infrastructure planning.The MoA signing ceremony, held at CSIR-CRRI, underscores a commitment to improving urban...

DJ Mediaprint & Logistics Converts Warrants into Equity Shares, Boosting Paid-up Capital to ₹34.67 Crores DJ Mediaprint & Logistics Limited (formerly DJ Logistic Solutions Private Limited) announced a significant change in its capital structure following the conversion of warrants into equity shares on June 10, 2026. The Board of Directors approved the conversion of 2,92,001 warrants, resulting in the allotment of an equal number of equity shares.The conversion was completed upon receipt of funds from the allottees. These shares are issued with a face value of ₹10/- each and a premium of ₹104/-, making the total issue price ₹114/- per share. The company received a consideration amount aggregating to ₹2,49,66,000 for this conversion...

MethodHub Software Announces Nearshore Expansion into Mexico and Costa Rica to Boost Global Capability Centers MethodHub Software Limited has announced plans for a major strategic expansion, setting up nearshore operations in Guadalajara, Mexico, and San Jose, Costa Rica. The move aims to offer same time zone services and multilingual support to its enterprise clients and prospects across the United States and Canada.The expansion signals a deliberate capability investment by MethodHub, which is committed to scaling its footprint and enhancing customer relationships. Aho Bilam, CEO and Executive Director of MethodHub, stated that establishing these centers is not merely geographic diversification but a strategic enhancement of...

DCB Bank Announces 31st AGM: Proposes ₹1,500 Crore QIP and Reappoints Key Directors; Auditors Appointed DCB Bank Ltd has set its agenda for the Thirty First Annual General Meeting (AGM), scheduled for Friday, July 03, 2026. The meeting will be held via Video Conferencing or Other Audio Visual Means (VC/OAVM) and is expected to include significant corporate governance matters, two major capital raising initiatives, and director reappointments.The AGM business encompasses ordinary resolutions concerning the adoption of the Audited Financial Statements for FY 2025-26 and proposals regarding a dividend declaration, alongside special resolutions related to future fundraising and organizational structure.Key Ordinary Business Highlights...

Citius TransNet Unitholders Approve Resolution for Enhancing Borrowings Up To 49% of InvIT Assets The Postal Ballot resolution concerning the enhancement of aggregate consolidated borrowings and deferred payments for Citius TransNet Investment Trust (Citius) was approved by Unitholders on June 10, 2026. This approval allows the Trust to increase its borrowing capacity up to 49% of the value of its InvIT assets.The resolution sought the approval of unitholders for enhancing Citius’s aggregate consolidated borrowings and deferred payments, equivalent to up to 49% of the value of the Trust's assets. According to the Scrutinizer's Report submitted by M/s. Ashita Kaul & Associates, the resolution was deemed to have been passed with a...

Indian Railways Launches Nationwide Fire Safety Blitz to Fortify Passenger Security and Assets Indian Railways has initiated a massive, nationwide fire safety audit across all railway stations. This crucial initiative aims to significantly strengthen the security profile of rail infrastructure while ensuring maximum protection for passengers. The extensive audits are designed to thoroughly assess existing safety systems and pinpoint areas requiring immediate improvement.Comprehensive Scope of the National Safety Audits The upcoming audit will cover every critical aspect of station infrastructure, going beyond simple fire extinguishers. The evaluation includes detailed checks of all station buildings and their associated electrical...

AVG Logistics Limited Completes Rights Issue Allotment, Increasing Paid Up Capital AVG Logistics Limited has approved the allotment of equity shares through its rights issue, resulting in an increase in the company's paid-up share capital. The decision was made following a meeting of the Rights Issue Committee on June 10, 2026.The Company allotted 36,50,356 Equity Shares to eligible shareholders. The equity shares were issued on a rights basis at an issue price of ₹ 145 per share. This allotment is based on a ratio of 8 Right Equity Shares for every 33 fully paid-up Equity Shares held by the Eligible Equity Shareholders as of the record date, May 21, 2026.The Rights Issue was conducted in accordance with the terms set out in the...

India-Tajikistan Trade Set for Surge as Commerce Secretary Urges Investment and Pharma Expansion Bilateral Ties Reinforced at Joint Commission Meeting The Government of India's Commerce Secretary, Shri Rajesh Agrawal, stressed the critical need to translate political goodwill into tangible economic outcomes during the 12th meeting of the India-Tajikistan Joint Commission on Trade. The video conference underscored that strengthened trade, increased investment, and regulatory alignment must be prioritized, given the rapidly evolving landscape of global supply chains and technology. Co-chaired by Shri Mohit Yadav and H.E. Mr. Nuriddinzoda Ahliddin Nuriddin, senior officials from both nations participated in the highly constructive meeting...

IIFL Finance Completes Issuance of USD 500 Million Senior Secured Notes under Global Program IIFL Finance Limited has finalized the issuance of a tranche of notes as part of its broader global debt offering. The company uploaded the pricing supplement related to these instruments on the India International Exchange (IFSC) and NSE IFSC.The transaction involves USD 500,000,000 worth of Senior, Secured Notes due in 2029. These notes are fixed at a rate of 7.60% per annum and were issued under Regulation S and/or Rule 144A of the U.S. Securities Act 1933.This issuance forms a component of IIFL Finance Limited’s larger USD 1,000,000,000 Global Medium Term Note Programme. The pricing supplement detailing these notes is accessible on the...

Digital Revolution: DigiLocker Surgefully Onboards 68 Power Giants, Securing Utility Bills for Nationwide Users Secure Access for Millions as Electricity Bills Go Digital DigiLocker, India's flagship digital document wallet under the Digital India programme, has achieved a monumental milestone in its expansion efforts. The platform has successfully onboarded 68 key Electricity Distribution Companies (DISCOMs) and various Power Departments nationwide. This massive integration is poised to revolutionize how millions of consumers manage essential utility documents across 35 States and Union Territories.The partnership brings unparalleled convenience and efficiency to the management of electricity bills for citizens. Consumers can now...

Fidelity Sells Rs 988 Crore Worth of Meesho Shares Amid Mixed Market Signals as CMR Green Rallies Institutional portfolio adjustments and significant listing day surges defined equity markets today, with major fund movements impacting several consumer-facing businesses. While fidelity investments offloaded a substantial stake in the e-commerce giant Meesho, other sectors saw robust activity, notably as CMR Green Technologies experienced a strong rally on its listing day. These transactions underscore the dynamic nature of market sentiment across tech and quick service restaurant sectors.Fidelity's Massive Sell-Off Sparks Volatility in Meesho Shares Fidelity Investments reported the sale of Rs 988 crore worth of shares in the...

Senior Independent Directors Complete Tenure at Medplus Health Services Limited Medplus Health Services Limited has announced the completion of tenure for two Non-Executive Independent Directors, Mr. Madhavan Ganesan and Mr. Murali Sivaraman. The directors ceased their roles effective from the end of business hours on June 10, 2026.The company stated that both Mr. Ganesan and Mr. Sivaraman have completed their first term as Non-Executive Independent Directors of Medplus Health Services Limited. The Board of Directors and Management acknowledged and appreciated the contributions made by the directors during their association with the Company.Details regarding the change in directorship are summarized below:ParticularsMr. Madhavan...

Pine Labs Completes Acquisition of 100% Stake in Shopflo Technologies Pine Labs Limited has announced the completion of the acquisition of a 100% stake in Shopflo Technologies Private Limited. The acquisition, which follows previous internal approvals by the company's Board of Directors, was finalized on June 10, 2026.The acquisition involved Pine Labs purchasing shares from the existing shareholders of Shopflo. Following the successful completion of the transaction, Shopflo Technologies has officially become a wholly owned subsidiary of Pine Labs Limited as of the date of completion.This strategic move solidifies Shopflo's status under Pine Labs’ ownership structure.PINELABS Stock Price Movement Pine Labs Limited shares today...

Deccan Cements Ltd Withdraws NCD Rating Exercise After Expansion Project Completion Deccan Cements Ltd has withdrawn the exercise of obtaining a credit rating for proposed Non-Convertible Debentures (NCDs), which were initially planned for an issue size up to Rs. 50 Crores to support the company's expansion project.The decision to withdraw the fundraising plan through NCDs was made after the completion of the expansion project. The company stated that the project concluded within the proposed budget, and a reduction in Capital Cost and Term Loan led the management to drop the intention to raise funds via NCDs. This information was conveyed to Infomerics Valuation and Rating Limited in a letter dated March 30, 2026.Despite this...