Markets

Ministry of Power Approves Merger of REC Limited into PFC REC Limited has received approval from the Competent Authority regarding its proposal to merge with Power Finance Corporation Limited (PFC). The approval was conveyed by the Ministry of Power via a letter dated June 10, 2026.The merger pertains to the proposed integration of REC Limited into Power Finance Corporation Limited. This follows REC's earlier intimation concerning the decision by its Board of Directors to reserve the merger proposal for the approval of the President of India.RECLTD Stock Price Movement REC Limited shares slipped today, settling at ₹348.80 after closing down by 1.04%. The stock was traded across its daily range and saw a total volume of 4.34 million...

Aditya Infotech and Orient Cables Incorporate Joint Venture for Cable Manufacturing Aditya Infotech Limited (AIL) and Orient Cables (India) Limited have successfully incorporated a new joint venture entity aimed at manufacturing electric cables and allied products. The company has been established under the name of Corelink Cable Technology Private Limited, effective June 10, 2026.The incorporation marks the formalization of a strategic partnership between AIL and Orient Cables to operate in the industrial products sector. The joint venture is structured as a 50:50 collaboration, with both AIL and Orient sharing equal stakes in Corelink Cable Technology Private Limited.Corelink Cable Technology Private Limited will primarily focus...

Mother Nutri Foods Ltd Announces Changes in Key Managerial Personnel Mother Nutri Foods Ltd has announced significant changes regarding its Key Managerial Personnel (KMP) roles, with the resignation of Ms. Richa Kachhawaha and the appointment of Ms. Khushboo Yadav as Company Secretary and Compliance Officer. These transitions were approved by the Board of Directors on June 10, 2026.Ms. Richa Kachhawaha tendered her resignation from the post of Company Secretary and Compliance Officer of Mother Nutri Foods Ltd. The resignation was effective from the close of business hours on June 10, 2026, as she pursues career opportunities outside the company. Ms. Kachhawaha served in this capacity until the designated date.The Board of Directors...

Lodha Developers Limited Completes Transfer of Subsidiary Equity in Thane Commercial Tower Project Lodha Developers Limited has announced that Thane Commercial A Management Private Limited has ceased to be a Wholly Owned Subsidiary of the company, effective June 10, 2026. This change relates to the infrastructure and facility management provided for the commercial building known as 'Lodha iThink-Tower A'.Thane Commercial was incorporated solely to manage aspects related to the commercial development located at Eastern Express Highway, Chirak Nagar, Thane (W), Taluka & Dist. Thane - 400607, identified as the ‘Project’.In accordance with established contractual arrangements and provisions of the Maharashtra Ownership Flats Act, 1963...

SEBI Issues Strict Remittance Advice Against Jahan Enterprises in High-Profile Stock Trading Investigation Securities and Exchange Board of India (SEBI) has issued a formal Remittance Advice targeting Momin Jahan, proprietor of Jahan Enterprises. This action pertains to ongoing investigations into the trading activities connected with Continental Seeds and Chemicals Limited, highlighting continued regulatory scrutiny over market conduct.The advisory mandates financial institutions and mutual funds in India to remit the specified amount held against the defaulter's accounts forthwith. The directive underscores SEBI’s decisive enforcement powers under the amended SEBI Act, 1992.SEBI’s Enforcement Action Against Jahan Enterprises The...

Chatha Foods Launches Dedicated Website for Vegetarian Product Range Chatha Foods Ltd has announced the launch of a new website specifically dedicated to its vegetarian product range. The platform aims to significantly enhance customer engagement and provide comprehensive information regarding the company's offerings in the vegetarian segment.The new digital resource, accessible at https://unifayre.com/vegetarian/, is designed to offer detailed product information. It will serve as a centralized hub for updates related to the Company's vegetarian products, including announcements of new launches, certifications, and nutritional details.This strategic initiative forms part of Chatha Foods Ltd's broader digital transformation plan...

Adani Airport City Completes 100% Acquisition of Portus Ventures Private Limited Adani Airport City Limited (AACL), a wholly owned step down subsidiary of Adani Enterprises Ltd, has finalized the acquisition of 100% of the equity share capital in Portus Ventures Private Limited (PVPL). The acquisition was formally completed on June 10, 2026.The completion follows the execution of a Share Purchase Agreement (SPA) between AACL and PVPL, which took place on June 08, 2026. Adani Enterprises Ltd confirmed that the acquisition process aligns with the terms established in the SPA.AACL finalized the purchase of all equity share capital in Portus Ventures Private Limited on June 10, 2026. The completion was reported by the parent company...

Market Participation Surge: RBI Initiates Massive ₹30,000 Crore Government Security Swap via Multi-Price Auction The Reserve Bank of India (RBI) has announced a significant auction for the conversion and switch of existing Government of India securities. This initiative aims to manage and realign sovereign debt instruments through a comprehensive multi-price based auction conducted exclusively by market participants.The total aggregate face value of the securities involved in this auction stands at ₹30,000 crore. The transaction is set for June 15, 2026, with settlement scheduled on T+1, maintaining RBI's commitment to market efficiency and transparency.Understanding the Multiple-Price Switch Mechanism The conversion process...

Blue Cloud Softech Solutions Ltd Announces Changes in CFO and Key Managerial Personnel Blue Cloud Softech Solutions Ltd has announced a transition in its key financial leadership, confirming the resignation of Chief Financial Officer (CFO) and the appointment of a new CFO. The changes were formalized following the company's Board meeting held on June 10, 2026.Mr. Venkata Seshavataram Varada resigned from his position as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP). His resignation was effective from the close of business hours on June 9, 2026. The company cited preoccupation and other personal commitments as the reason for Mr. Varada's departure.In light of this transition, Blue Cloud Softech Solutions Ltd has...

Aprameya Medtech Secures Exclusive Sales and Marketing Agreement for Products in Western and Southern India Aprameya Medtech Private Limited, a subsidiary of Aprameya Engineering Limited, has entered into an exclusive sales and marketing agreement with Sonoscape Medical India Private Limited. The arrangement focuses on the domestic market, granting comprehensive rights for several key medical devices across specified regions of India.The partnership covers the exclusive sales and marketing of various products within the Western and Southern Zones of India. These products include MIS Solution (covering models SV-M2K30, SV-M4K30, SV-M4K40, X-2600, SV- M4K120Exp, and SV-M4K220Exp), USG, GI Endoscopy, and CV Intervention systems.The...

Aprameya Medtech Partners with SonoScape for Exclusive Sales and Marketing of Advanced Surgical Imaging Systems Aprameya Engineering Limited, a leading healthcare infrastructure company, has announced a strategic alliance through its subsidiary, Aprameya Medtech Private Limited. The partnership involves bringing SonoScape Medical Corp.'s advanced Minimally Invasive Surgery (MIS) portfolio to the market exclusively across Southern and Western India. This move is set to significantly transform Aprameya's business model by integrating high-value medical equipment into its existing hospital infrastructure franchise.Aprameya Engineering Limited, which specializes in turnkey solutions for critical healthcare units such as ICUs, NICUs, and...

Ad-Manum Finance Appoints Manish Chandan as Chief Financial Officer Ad-Manum Finance Ltd has announced the appointment of Mr. Manish Chandan as its new Chief Financial Officer and Key Managerial Personnel (KMP). The decision was finalized by the Board of Directors following recommendations from both the Audit Committee and the Nomination and Remuneration Committee.The appointment is effective from June 10, 2026.Mr. Manish Chandan holds a strong background in finance and accounts, possessing around 20 years of experience in the field. His educational qualifications include a Bachelor of Commerce (B.Com.), a Master's degree in Sociology (M.A.), and an MBA in Finance.The details regarding the appointment are as follows...

Kfin Technologies Approves Transition of GIFT City Branch Business to Wholly Owned Subsidiary The Board of Directors of Kfin Technologies Limited has approved a significant corporate transition, moving the business operations of its existing GIFT City Branch to a newly designated entity. The decision was made during a meeting held on June 10, 2026.As part of this strategic move, the company sanctioned the transition of the established business of its GIFT City Branch, which is registered with the International Financial Services Centres Authority (IFSC). This entire set of operations will be transferred to KFin Global Technologies (IFSC) Limited.KFin Global Technologies (IFSC) Limited is noted as a wholly owned subsidiary of Kfin...

Time Technoplast Acquires 76% Stake in Systoverse for Inorganic Growth and HDPE Portfolio Strengthening Time Technoplast Limited (TTL) has executed a Share Purchase Agreement (SPA) with Systoverse Private Limited (SPL), marking a strategic step to bolster its High-Density Polyethylene (HDPE) Pipe portfolio and accelerate inorganic growth. The acquisition, completed on June 10, 2026, involves TTL acquiring an equity stake equivalent to 76% of the total paid-up share capital of Systoverse Private Limited on a net asset basis.The remaining 24% of the stake will continue to be held by the existing shareholders of SPL. The acquisition reinforces TTL's commitment to combining sustainability with innovation and strengthening its position...

IZMO Limited leverages SaaS cashflow engine to fund aggressive semiconductor growth and SiP capacity expansion IZMO Limited, a company founded in 1995, is pursuing a dual-engine strategy by leveraging its stable digital Software as a Service (SaaS) business to finance accelerated investment into the high-growth semiconductor sector. The company maintains a global footprint with offices across various international markets including San Francisco, Chicago, Paris, and London.The corporate structure of IZMO Limited centers on two core divisions: Digital SaaS and specialized Semiconductor manufacturing. This strategy is designed for capital efficiency, where stable revenue streams from the digital business protect against excessive...

Spice Islands Industries Appoints New Directors, Names Non-Executive Chairman Dr. Huzaifa Habil Khorakiwala Spice Islands Industries Ltd., formerly Spice Islands Apparels Limited, has announced two key Board appointments, appointing Dr. Huzaifa Habil Khorakiwala as a director and the company's Non-Executive Chairman, alongside Mr. Nikhil Saran Mathur as another additional non-executive director. The appointments were approved by the company’s Board of Directors and are effective from June 10, 2026, subject to shareholder approval.The board utilized its Nomination and Remuneration Committee recommendation to approve the appointment of Dr. Huzaifa Habil Khorakiwala (DIN: 02191870) as an Additional Director (Non-Executive) and...

President's Approval Granted for Merger of REC Limited into Power Finance Corporation The proposed merger of REC Limited into Power Finance Corporation (PFC) has received Presidential approval, as conveyed by the Ministry of Power.The government undertaking, Power Finance Corporation Limited, announced that the proposal had received clearance from the Hon'ble President of India concerning the planned merger.This development follows earlier actions taken by PFC. Previously, the Company’s Board of Directors had decided to reserve the proposal for the merger of REC Limited into PFC for approval by the Hon'ble President of India, a decision that was made on May 16, 2026.The Ministry of Power officially conveyed the approval of the...

Gulf Wealth Funds Surge into SpaceX IPO, Signaling Massive Bet on Global AI Supremacy Gulf wealth funds are pouring billions of dollars into the Initial Public Offering (IPO) of SpaceX, highlighting the region’s commitment to taking a leading role in the global artificial intelligence buildout. Reports indicate that major Middle Eastern sovereign wealth funds have placed substantial orders for shares during the highly anticipated listing. This massive interest underscores the strategic importance these petrostates place on technology and advanced space ventures.The participation from regional entities is particularly noteworthy, as they are already significant shareholders in Elon Musk’s rocket, satellite, and AI firm. While SpaceX...

Paramatrix Technologies Acquires 25% Stake in Metasys Software, Reaching 76% Aggregate Holding Paramatrix Technologies Limited has successfully completed the second tranche of its acquisition of a stake in Metasys Software Private Limited (Metasys). This completion boosts Paramatrix’s aggregate shareholding in Metasys to 76%, following an investment of Rs. 3.52 crore for the additional 25% stake.The acquisition follows previous intimations regarding the execution of a Share Purchase Agreement intended to acquire a 100% stake in Metasys from its existing shareholders. The transaction was initially announced, with the first tranche being completed on January 21, 2026, and the second tranche finalized on June 10, 2026.Paramatrix...

Ad-Manum Finance Ltd Announces Key Executive and Board Appointments Following Board Meeting Ad-Manum Finance Limited announced several key personnel changes and appointments following a Board meeting held on June 10, 2026. The company made decisions regarding its senior management roles and board composition during the meeting.One of the primary outcomes of the meeting was the noting of the resignation of Mr. Dheeraj Bajoliya as Chief Financial Officer (CFO), effective from June 09, 2026. In response to this change in key managerial personnel, the company announced the appointment of Mr. Manish Chandan as a new CFO, effective immediately as of June 10, 2026.The Board also approved significant appointments regarding the company’s...