Markets

Promoters Transfer Shares in Clean Science and Technology Limited as Part of Asset Streamlining Promoter entities have transferred a total of 66,38,000 equity shares of Clean Science and Technology Limited, marking an inter-se transaction intended to streamline the family's assets and businesses. Smt. Alaknanda Boob Business Trust and Asha Ashok Boob acquired the shares from Nilima Krishnakumar Boob through a gift, involving no consideration.The transaction details confirm that Smt. Alaknanda Boob Business Trust acquired 58,00,000 equity shares, while Asha Ashok Boob acquired 8,38,000 equity shares. These acquisitions represent an off-market transfer among the promoter group of Clean Science and Technology Limited (which is listed on...

Abirami Financial Services Completes Regularization of Santhosh Veerappan as Non-Executive Independent Director Abirami Financial Services India Ltd has formalized the appointment and regularization of Mr. Santhosh Veerappan as a Non-Executive Independent Director following a resolution passed by its members in a Postal Ballot on June 9, 2026.The company confirmed that the regularisation ensures Mr. Veerappan serves for a period of five years and is not liable to retire by rotation. The appointment, effective from April 27, 2026, confirms his role within the organization's governance structure.Mr. Santhosh Veerappan is highlighted as a distinguished corporate governance professional with expertise spanning regulatory affairs...

Ganesh Green Bharat Secures 1.36 MW Export Order for Solar PV Modules Ganesh Green Bharat Limited has secured a significant export order for its solar photovoltaic (PV) modules. The company received a Purchase Order from AIRAVATA (SL) LTD of Sierra Leone for the supply of specialized solar PV units.The contract confirms that Ganesh Green Bharat will be supplying 630Wp (G12R Topcon) Solar PV modules to the international entity. This order represents an order size of 1.36 MW.The transaction details specify the nature and scope of the agreement. The buyer, AIRAVATA (SL) LTD, is categorized as an International entity within the deal.Key details regarding the contract are summarized below:ParticularsDetailName of awarding...

Bank of Baroda Revises Marginal Cost of Funds Based Lending Rate (MCLR) Rates Effective June 12, 2026 Bank of Baroda has announced a review and revision of its Marginal Cost of Funds Based Lending Rate (MCLR), effective from June 12, 2026. The updated rates reflect changes across various lending tenors.The bank provided the updated MCLR structure, detailing the existing rate alongside the revised rates for different periods.The MCLR revisions are presented as follows:MCLR TenorsExisting MCLR (in %)MCLR w.e.f. 12th June 2026 (in %)Overnight7.807.85One Month7.907.95Three Month8.158.20Six Month8.458.50One Year8.708.75The reviewed MCLR rates encompass various lending durations, from overnight loans to one-year...

C2C Advanced Systems and Kilo Solutions Form Exclusive Alliance for Maritime Virtual Reality Simulation in Indian Defence Sector A partnership has been established between C2C Advanced Systems Limited and Kilo Solutions Limited, a UK-based developer of maritime virtual reality simulation technology. The alliance positions C2C as the exclusive partner for the promotion, deployment, and sustainment of Kilo's portable maritime training solutions across the Indian Defence and Government sector.The Memorandum of Understanding (MoU), dated June 9, 2026, outlines C2C Advanced Systems Limited's responsibilities regarding Kilo Solutions Limited's technology for organizations such as the Indian Navy and the Indian Coast Guard. The scope...

Promoter Acquires 5,000 Equity Shares in Getalong Enterprise Ltd via Open Market Purchase Getalong Enterprise Ltd reported that its promoter, Mrs. Sweety Rahul Jain, acquired 5,000 equity shares of the company through open market purchase on June 10, 2026. This acquisition increased her stake from 4.73% to 4.75%.According to the details provided, Mrs. Sweety Rahul Jain, who is identified as a promoter of Getalong Enterprise Ltd, purchased the shares at a price of Rs. 5.50/- per share. The total value of the transaction was reported as Rs. 27,500 for 5,000 equity shares.The acquisition occurred via open market and involved Equity Shares of the target company. This purchase marks an increase in her existing holding of the company’s...

Boost to CRE: RBI Finalizes Lending Rules for REITs and InvITs After Stakeholder Feedback The Reserve Bank of India (RBI) has today issued the Final Amendment Directions concerning lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). This decisive action provides much-needed clarity on financing mechanisms within India’s rapidly growing commercial real estate and infrastructure investment sectors. The amendments follow extensive feedback received from market stakeholders regarding earlier draft directions.Clarity Achieved: Finalizing Lending Directives for REITs and InvITs The RBI had previously issued a draft Amendment Directions on February 13, 2026. This draft proposed critical changes to...

Reserve Bank of India Imposes Penalty on Union Bank of India Over Currency Deficiencies Union Bank of India has been penalized by the Reserve Bank of India (RBI) following an inspection that revealed several deficiencies related to currency handling and storage. The penalty was levied after the bank failed to maintain adequate standards in its currency management.The RBI imposed a penalty amounting to ₹ 1,28,750 on Union Bank of India. This action followed the detection of counterfeit and mutilated currency notes, along with shortfalls noted in the Currency Chest Balances during the inspection conducted by the Reserve Bank of India. The bank received the direction or order regarding this matter on June 9, 2026.The consequences of...

Central Bank of India Reschedules 19th AGM and Revises Cut-off Date for Shareholder Director Election Central Bank of India has announced a revision to the schedule concerning its upcoming 19th Annual General Meeting (AGM) and the election of One Shareholder Director. The changes follow an earlier intimation regarding the outcome of a board meeting, which was issued on June 3, 2026.The bank confirmed that the 19th AGM has been rescheduled. It will now take place on Friday, July 31, 2026.In conjunction with this change, Central Bank of India has also revised the Specified or Cut-off date for the election process. The new cut-off date is set as Friday, June 26, 2026, superseding the previously communicated date of Friday, June 12...

Govind Kripa Enclave LLP increases stake in Globe International Carriers Limited through open market purchase Govind Kripa Enclave LLP has increased its shareholding in Globe International Carriers Limited through an acquisition of equity shares in the open market. The transaction was completed on June 3, 2026.The entity acquired 1,00,000 equity shares of Globe International Carriers Limited for a consideration of 32,30,421.60/-. This purchase pushed Govind Kripa Enclave LLP's stake to 49,66,000 shares, representing 4.43% of the company's total voting capital.The acquisition represents an increase in holding for the promoter group entity. Prior to the transaction, Govind Kripa Enclave LLP held 48,66,000 shares, which accounted for...

SEBI Slams Akshat Incorporation with Rs 5.31 Lakh Demand; Enforcement Proceedings Initiated Over BSE Market Misconduct Case Regulatory Action Targets Akshat Incorporation The Securities and Exchange Board of India (SEBI) has issued a stern Notice of Demand to Akshat Incorporation concerning recovery proceedings related to the matter of ISO at BSE. The notice, dated June 10, 2026, details significant financial dues owed by the company to the regulatory body. This enforcement action is mandated under Section 28A of the SEBI Act, 1992, and relates directly to an Adjudication Order issued on January 19, 2026.Detailed Breakdown of Dues SEBI has specified that a total sum of Rs. 5,31,000/- is due from Akshat Incorporation along with...

RBI Cancels CoR for 13 NBFCs as Companies Exit Business or Amalgamate Structures The Reserve Bank of India (RBI) has exercised its powers under Section 45IA (6) of the RBI Act, 1934, to cancel the Certificate of Registration (CoR) for thirteen Non-Banking Financial Companies (NBFCs). These cancellations stem from various operational changes across the sector, including exits from NBFI business, structural alterations, and meeting criteria for unregistered entities.Cancellation Due to Exit from NBFI Business The RBI has canceled the CoR for five companies that have ceased operations or exited the Non-Banking Financial Institution (NBFI) business. These cancellations span various years, with some registrations dating back to 1998...

RBI Strikes Major Blow: Over 135 NBFCs lose Certificates of Registration in Landmark Regulatory Action The Reserve Bank of India (RBI) has taken decisive action in the financial sector, exercising its regulatory powers to cancel the Certificate of Registration (CoR) for 135 Non-Banking Financial Companies (NBFCs). This move signifies a stringent enforcement stance by the central bank regarding compliance and operational integrity within the NBFC segment.The cancellation order affects companies that were registered under the RBI framework, as detailed in the official press release issued on June 10, 2026. The decision imposes significant restrictions on these entities going forward.Scope of Deregistration and Affected Entities The...

Mission JJM 2.0 Signals Major Shift: Reforms Signed with Manipur and Bihar to Ensure Sustainable Rural Water Security Centre-State Partnership Drives Governance Reform Under Jal Jeevan Mission 2.0 Reform-linked Memoranda of Understanding (MoUs) were signed today under the Jal Jeevan Mission (JJM) 2.0, marking a pivotal moment in sustainable rural water governance for Manipur and Bihar. The signings signify a crucial strategic shift from merely creating infrastructure to ensuring long-term, reliable service delivery across these states.The MoUs mandate a community-centered and service-based model of rural water management. This approach is designed to ensure that every rural household receives drinking water in adequate quantity and...

Marathon Nextgen Realty Reports Resignation of Assistant General Manager - Marketing Marathon Nextgen Realty Ltd has announced the resignation of its Senior Management Personnel, Mr. Deepak Ramkrishna, who served as the Assistant General Manager - Marketing. His resignation is effective from the close of business hours on June 12, 2026.The company confirmed that Mr. Ramkrishna tendered his resignation after serving in a senior capacity within the organization.In a statement regarding the change in personnel, Marathon Nextgen Realty stated the following details:ParticularsDetailsPositionAssistant General Manager - Marketing (Senior Management Personnel)Date of CessationJune 12, 2026Reason for ChangeMr. Ramkrishna...

NFP Sampoorna Foods Reports Results for FY2026; Standalone Profit Reaches 49.58 Million NFP Sampoorna Foods Limited, formerly known as Nut & Food Processor, announced the approval of its audited financial results for the half-year and full year ended March 31, 2026. The company reported significant profits both at the standalone level and on a consolidated basis.The Board of Directors of NFP Sampoorna Foods held a meeting on June 10, 2026, where it approved the audited financial results for the year ended March 31, 2026, including the Standalone and Consolidated Profit and Loss Account, Statement of Assets and Liabilities, and Cash Flow Statements.Standalone Performance Highlights The standalone financials show a strong performance...

ECLGS 5.0 Surges Past Milestone: Guarantee Issuances Exceed 1 Lakh as Coverage Hits ₹48,484 Crore As of June 9, 2026, the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has achieved a significant economic milestone. The scheme’s total number of guarantees issued has officially crossed the 1 lakh mark. With this achievement, the scheme currently covers a massive portfolio worth ₹48,484.26 Crore.This expansion demonstrates the vast scale of credit protection being rapidly extended to financial institutions across the country. ECLGS 5.0 was approved by the Union Cabinet on May 5, 2026, and its progressive rollout highlights strong government commitment to business stability.MSME Sector Dominates Credit Protection Under ECLGS 5.0...

Zee Entertainment Board Approves Minimum Rs 2,300 Crore Capital Raise for Strategic Initiatives Zee Entertainment Enterprises Limited has approved a significant capital raising measure aimed at funding its strategic and business initiatives. The company's Board of Directors decided on June 10, 2026, to facilitate the raising of a minimum of Rs 2,300 Crores (Two Thousand Three Hundred Crores).The decision allows for the capital to be raised in one or more phases or tranches, providing the company with necessary funds to support its operational and strategic growth plans. In addition to approving the funding goal, the Board meeting concluded by deciding to further deliberate on various options pertaining to raising the required capital...

Company Officials to Attend Investor Conference Organized by Systematix Group Officials from the company are scheduled to attend an Investor Conference organized by Systematix Group in Mumbai on June 16, 2026.The event involves both one-on-one and group meetings regarding the organization's activities. The conference is being hosted by Systematix Group, providing a platform for discussions based on publicly available information.Key details of the meeting are as follows:Date & TimeNature of MeetingOrganised ByPlace16th June 2026, 02:00 PM onwards1x1/ Group MeetingSystematix GroupMumbaiThe company has confirmed that no unpublished price sensitive information will be discussed during the interactions at the conference...

RBI Refines Global Credit Risk Standards: Banks Invited to Review Draft Amendments on SA-CCR Reserve Bank of India Rolls Out Amended Directions for Counterparty Credit Risk Management The Reserve Bank of India (RBI) has formally invited public comments on the draft Amendment Directions concerning the Standardised Approach for Counterparty Credit Risk (SA-CCR). These proposed amendments reflect a comprehensive review of existing guidelines, responding to significant legal and regulatory developments within the financial markets. The updated directions are intended to clarify exposures across both banking and trading book segments for regulated entities.The RBI released the draft Amendment Directions under the Reserve Bank of India...