Markets

Ministry Launches Exclusive RISA Store to Elevate Tribal Textiles and Catalyze Artisan Empowerment The Ministry of Tribal Affairs, through the Tribal Cooperative Marketing Development Federation of India (TRIFED), has unveiled RISA - Timeless Tribal. This dedicated premium brand is set to revolutionize the market presence of tribal textiles, embroideries, and handicrafts across the nation and internationally. The exclusive RISA Store was formally inaugurated at Gallery No. 2, Rajiv Gandhi Handicrafts Bhawan in Connaught Place, New Delhi.This initiative directly aligns with Prime Minister Shri Narendra Modi’s vision for Viksit Bharat, aiming to ensure inclusive growth by economically empowering tribal communities while fiercely...

GS Auto International Closes Rights Issue Subscription Period for Equity Shares GS Auto International Ltd has confirmed the closure of the subscription period for its Rights Issue, which concluded on Wednesday, June 10, 2026. The offering involved up to 2,90,29,160 partly paid-up Equity Shares of the company.The Rights Issue was conducted by the Company, providing existing shareholders with an opportunity to subscribe through a rights basis. The terms of the issue stated that subscribers could purchase the shares at an Issue Price of Rs. 10.00/- each (Rupees Ten Only). These shares are partly paid-up and carry a face value of Rs. 5.00/- per share.The offering was conducted in the ratio of two Rights Equity Shares for every one fully...

GIFT City’s Fintech Program Opens Applications: Startups Must Seize Chance to Scale in Global Finance Hub GIFT City has launched its second cohort of the highly anticipated Fintech Residential Programme, opening a crucial window for early-stage startups aiming to revolutionize financial technology. The initiative aims to bolster India's burgeoning startup ecosystem by providing intensive support within its specialized International Financial Services Centre (IFSC). Applications for participation in this structured program are open and have a firm deadline set for July 05.Details of the Fintech Residential Programme The six-month residential initiative operates through the GIFT International Fintech Innovation Hub. The programme is...

Alfa Transformers Secures Order from Madhya Gujarat Vij Company Ltd for 11KV Transformer Supply Alfa Transformers Limited has received a Letter of Award (LOA) from Madhya Gujarat Vij Company Ltd, securing a contract for the supply of different rating 11KV Transformers. The agreement pertains to domestic supply and carries a value of Rs. 7.14 Crores, including GST.The order specifies the supply of 3-Phase 100 KVA Distribution Transformers (DTR) Level-1 to various DISCOMs under the mandate of Madhya Gujarat Vij Company Ltd (MGVCL). The total quantity ordered for the item is 478 units.As part of the contract terms, Alfa Transformers must complete the supply within seven months in equal monthly lots, commencing 45 days after receiving...

Ravi Agrawal Acquires Shares in Orissa Bengal Carrier Ltd. Through On Market Transaction Orissa Bengal Carrier Ltd. reported that its Managing Director and Promoter, Mr. Ravi Agrawal, acquired equity shares of the company through on market transactions over two consecutive days.The acquisition was carried out by Mr. Agrawal in the open market. The details of the share purchases across the two dates are provided below:Date of AcquisitionShares Acquired% of Total Paid Up Equity Share Capital (approx.)June 08, 202410,8310.05%June 09, 202430,4190.0%Mr. Agrawal's acquisition represents a cumulative purchase of these shares in the company. The transactions were completed through an on market purchase process.OBCL Stock Price...

FDI Landscape Unveiled: RBI Releases Overseas Direct Investment Data for May 2026, Gauging Global Capital Flows The Reserve Bank of India (RBI) has formally released critical data pertaining to Overseas Direct Investment (ODI) for the month of May 2026. This comprehensive release details capital movements across both key investment pathways in the nation. The information is vital for investors and policymakers looking into global capital attraction trends.RBI Releases ODI Data for May 2026 The Reserve Bank of India, through its communication department, released the official figures on Overseas Direct Investment today, June 10, 2026. This release provides a detailed look at FDI flows during the month of May 2026. The data encompasses...

SEBI Issues High-Value Demand Notice: Trader Liable for ₹14.92 Lakhs in Delta Leasing & Finance Investigation The Securities and Exchange Board of India (SEBI) has issued a stringent Notice of Demand against Santosh Kumar, detailing significant financial dues related to the investigation into trading activities concerning Delta Leasing and Finance Ltd. This enforcement action underscores SEBI's continuous commitment to market discipline and recovery proceedings under the SEBI Act.The notice, dated June 10, 2026, certifies that a total sum of ₹14,92,000.00 is due to SEBI from the designated individual. This amount includes accrued interest, various costs, charges, and expenses incurred during the recovery process.Financial Breakdown...

GAIL Achieves Full Ownership of Konkan LNG Ltd After NCLT Sanctions Capital Reduction Scheme GAIL (India) Limited has successfully completed the reduction of equity share capital in its subsidiary, Konkan LNG Limited (KLL), following a sanction by the National Company Law Tribunal (NCLT). The scheme involved the cancellation and extinguishment of existing equity shares.The NCLT sanctioned the Scheme for Reduction of Equity Share Capital on June 3, 2026. A certified true copy of the order was subsequently received on June 10, 2026.Prior to the reduction, KLL possessed a substantial share capital, part of which was held by GAIL and MSEB Holding Company Limited (MSEB). The scheme addressed the cancellation and extinguishment of...

Jet Freight Logistics Allots Warrants Worth 2,22,40,000 Shares To Promoter Group Members Jet Freight Logistics Ltd has seen a change in its promoter and promoter group shareholding consequent to the preferential allotment of warrants. These warrants were issued to select members of the Promoter Group following an approval by the Company’s Board of Directors held on June 5, 2026.The transaction involved the issuance of 2,22,40,000 warrants at an issue price of Rs. 18/- per warrant. Each warrant is designed to be convertible into or exchangeable for one fully paid-up equity share of the company, which has a face value of Rs. 5/- each.The warrants were allocated to Ms. Thea Richard Theknath, Mr. Tyrus Richard Theknath, and Ms. Tyra...

Central Depository Services Invests ₹1 Crore in Sahamati Foundation, Aims to Shape Account Aggregator Ecosystem Central Depository Services (India) Limited has announced a strategic investment into the Sahamati Foundation, an organization designated as a Self-Regulatory Organisation (SRO) for the Account Aggregator (AA) ecosystem in India. The investment focuses on supporting the development of next generation data infrastructure and accelerating the evolution of the AA ecosystem into a national digital rail.CDSL has committed ₹ 1 crore to the Sahamati Foundation, securing a 2% shareholding in the organization's paid-up share capital. This investment was approved by SEBI following considerations regarding CDSL's commitment to...

Phantom Digital Effects Launches Animation Division, Unifies Global Operations under Phantom Media GroupPhantom Digital Effects Limited has announced the launch of 'Phantom Animations,' a dedicated division within the Phantom Group aimed at creating and producing premium animated content for global audiences. This strategic move marks an expansion into high-growth creative and technology driven verticals for the company.The new division has initiated collaborations with Zee Entertainment Enterprise Limited (ZEE). Following this partnership, Phantom Animations is currently engaged in the production of two original animated web series commissioned by Zee, both scheduled for release next year. This collaboration is intended to be long...

Mid-Cap and Small-Caps Surge: Investors Pour Rs 4 of Every Rs 10 Equity Inflow into Growth Segments Despite Market Cooling The investment landscape in Indian equity funds shows a distinct trend favoring higher growth potential segments. Even as overall inflows cooled sharply in May, mid-cap and small-cap categories continued to attract significant capital. The Association of Mutual Funds in India (AMFI) data reveals that these two focused segments collectively accounted for 40.7 percent of all equity fund inflows during the month.This concentration highlights a robust investor conviction toward smaller companies. More than Rs 4 out of every Rs 10 invested into equity funds in May was allocated to mid-cap and small-cap schemes, despite...

Riwind Green Energy Clarifies Stock Price Movement, Attributes Fluctuations to Market Dynamics Riwind Green Energy Limited, formerly CMX Holdings Limited, has issued a clarification regarding recent movements in its security prices, stating that no material or price-sensitive information requiring specific disclosure has been withheld.The company affirmed that there is currently no material event or announcement which necessitates further public disclosure relating to the observed changes in stock value.Riwind Green Energy stated that it does not possess any undisclosed information or events that could impact the current movement of its securities. Instead, the management views the recent price volatility as being primarily driven...

Hydrocarbon Revolution Set to Ignite $500 Billion Trade Target as India Deepens Energy Partnership with US A new report suggests that deepening energy cooperation between India and the United States could be a pivotal catalyst for achieving their ambitious goal of expanding bilateral trade to $500 billion by 2030. The study, released jointly by the US-India Business Council (USIBC) and Grant Thornton Bharat, frames the evolving relationship not just as a transactional buyer-seller dynamic but as a profound strategic partnership encompassing trade, technology, investment, and essential energy security.The Strategic Shift in India-US Energy Ties The research highlights significant opportunities across key hydrocarbon value chains...

Gold Plummets Below ₹1.5 Lakh as Rate Fears Spark Sharp Profit Booking Rally Reversal Domestic gold prices fell below the ₹1,50,000 per 10-gram mark on Wednesday, June 10. The decline occurred as traders actively booked profits in anticipation of crucial US inflation data. This movement is underpinned by market concerns that sustained high inflation levels could force central banks to keep interest rates elevated for an extended period.Sharp Correction Sees Gold Fall Amid Macro Focus The price of 24-karat gold traded at ₹1,47,489 per 10 grams on the MCX during the session. This registered a significant drop of more than ₹3,500 in a single trading session. The downturn marks a sharp reversal, representing a 9 percent decline from its...

Loyal Textile Mills Limited Announces Resignation of CEO and Appoints Executive Director M E Manivannan Loyal Textile Mills Limited has announced significant changes in its top leadership, effective following the resignation of Chief Executive Officer Mr. N Srinivasan. The company has entrusted the overall management and operations to Executive Director Mr. M E Manivannan.Mr. N Srinivasan tendered his resignation from the position of CEO (Key Managerial Personnel) due to personal reasons. His resignation letter was dated June 9, 2026.The Board of Directors addressed this matter through a circular resolution passed on June 10, 2026. Based on the recommendation of the Nomination and Remuneration Committee, the Board has appointed Mr...

Whirlpool of India Completes Compounding Process Regarding Packaging Details Whirlpool of India Limited has completed the compounding process with the Department of Legal Metrology in Andhra Pradesh concerning packaging compliance requirements. The action was initiated after certain information required on the product packages was not adequately captured.The company opted for compounding to mitigate potential litigation resulting from the oversight regarding packaged commodities.Details surrounding the compounding arrangement are as follows:AspectDetailsAuthorityDepartment of Legal Metrology, Andhra PradeshViolation DetailCertain information required to be set out on the packages was not captured adequately.Compounding...

Par Drugs and Chemicals Limited Receives Favorable Tax Order, Demand Reduced to Nil Par Drugs and Chemicals Limited has secured a rectification order under Section 154 of the Income Tax Act, 1961, following its appeal against an earlier Intimation Order. The department successfully deleted certain additions and disallowances that had been made to the company’s taxable income, resulting in the tax demand being computed as Nil.The company filed a rectification application concerning the Intimation Order received from the Income Tax Department. This original intimation order under Section 143(1) of the Income Tax Act, 1961, had included additions and disallowances totaling Rs. 58,78,360/- to the company’s taxable income. This situation...

Technocraft Industries Set to Attend Systematix Promoters and Founders Forum 2026 Technocraft Industries (India) Ltd has announced details regarding its participation in the Systematix Promoters and Founders Forum 2026. The company's officials are scheduled to attend the event, which is set to take place at Taj Santacruz in Mumbai.The forum, titled Systematix Promoters and Founders Forum 2026, will feature physical meetings, encompassing both One-to-One Meetings and Group Meetings. These sessions are slated for June 16, 2026, running from 2:00 p.m. to 5:00 p.m.The company noted that all discussions during the forum will be based on publicly available information, emphasizing that no unpublished price sensitive information will be...

Medplus Subsidiary Receives Drug License Suspension Order for Karnataka Store Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has received an order suspending the Drug License for one of its stores located in Bangalore, Karnataka. The suspension action was issued by the Drugs Control Administration Bangalore Circle-5 and concerns a facility situated at Kacharakanahalli.The store's Drug License has been suspended for two days. The action was initiated following a review under Rule 65 of the Drugs and Cosmetics Act, 1940 and its corresponding Rules, 1945.According to the details provided regarding the disciplinary measure, the order was received on June 9, 2026. The violation pertains to...