Markets

Umiya Mobile Ltd Plans Launch of 23 New Retail Stores Across Multiple States Umiya Mobile Limited has announced plans for a significant retail expansion, intending to open twenty-three new stores in various cities across Gujarat, Madhya Pradesh, and Maharashtra. The proposed locations span multiple states, indicating a strong focus on growing its physical retail footprint.The company detailed the comprehensive list of 23 planned store openings. These new establishments are targeted for various cities within the three Indian states mentioned above, covering areas including Bhopal, Indore, Rajkot, Nashik, and more.Details of the proposed store locations include:StateCityAddressGujaratSabarkanthaGround Floor, Janu Complex...

Master Components Limited Secures Purchase Order Worth INR 62,54,115.29 for Electrical Parts Supply Master Components Limited has secured a purchase order from a domestic company for the supply of electrical parts, valued at INR 62,54,115.29. The contract outlines specific terms and timelines for the execution of the order.The transaction involves Master Components Limited supplying electrical parts to a domestic entity. According to the details provided, the order is set to be executed within 30 days from the date of the purchase order (PO).Key commercial terms of the awarded order include a credit period of 45 days starting from the Date of Goods Receipt (GR). The company confirmed that the transaction does not involve any...

Aksh Optifibre Ltd faces IBC application; Company appeals NCLT order Aksh Optifibre Ltd is pursuing legal remedies following the decision of a National Company Law Tribunal regarding an Insolvency and Bankruptcy Code (IBC) application filed against it. Shantanu Investments Private Limited had filed the application under Section 7 of the IBC against Aksh Optifibre Limited.The matter was initially considered by a Division Bench of the NCLT, Jaipur. Due to differing opinions delivered by the Judicial Member and the Technical Member, the case was referred for consideration to another member nominated by the President, NCLT.Following their hearing of the parties, the third member concurred with the view held by the Technical Member and...

Cabinet Approves Mega ₹1,299 Crore Office Hub in Amaravati: Central Govt Seals Landmark Project for New Capital City The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has approved a major infrastructure initiative. The approval concerns the construction of the Central Government General Pool Office Accommodation (CGGPOA) at the New Capital City in Amaravati, Andhra Pradesh. This project is set to become a cornerstone of development for the Greenfield city.This landmark move addresses the growing necessity for centralized office space. The CGGPOA aims to provide comprehensive accommodation for various Central Government offices operating in the region. This consolidation is designed to...

Tata Capital Limited Appoints Kamal Bhatia as New Chief Risk Officer Tata Capital Limited has announced significant changes in its senior management, following the resignation of its Chief Risk Officer (CRO), Mr. Nitin Dharma. The Board of Directors approved the appointment of Mr. Kamal Bhatia to lead risk management at the company.Mr. Nitin Dharma resigned from his role as Chief Risk Officer (CRO) due to personal and professional pursuits. He will cease to hold the CRO position effective June 30, 2026. Mr. Dharma will continue in employment with Tata Capital Limited until September 7, 2026, to ensure a smooth transition of responsibilities following his resignation.Consequent to this change, the Board of Directors appointed Mr...

Cabinet Approves ₹1,234 Cr Mega GPRA Project in Amaravati; Central Govt Boosts Employee Welfare and Green Infrastructure Cabinet Greenches Massive General Pool Residential Accommodation (GPRA) for Central Employees The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, has officially approved the construction of the General Pool Residential Accommodation (GPRA) at New Capital City in Amaravati, Andhra Pradesh. This project marks the first dedicated GPRA initiative within the capital city and across the state of Andhra Pradesh.The approval addresses a critical need by providing adequate residential accommodation for Central Government employees. The core objective is to alleviate financial burdens on...

Kore Digital Partners with US Entities to Establish Hyperscale AI Data Center near Navi Mumbai Airport Kore Digital Limited (KDL) has entered into a Joint Venture Agreement with Green Data Center USA and Thakkar Development Group LLC of USA. The partnership focuses on the development, implementation, commissioning, operation, and management of a Hyperscale AI Data Center project in Maharashtra, India.The proposed data center is strategically located near the Navi Mumbai International Airport. It aims to provide advanced digital infrastructure solutions tailored for cloud service providers, enterprise data requirements, artificial intelligence applications, and other high-density computing needs.This joint venture brings together the...

Zepto User Base Plummets for First Time: Falling Growth Puts Squeeze on Rapidly Surging Marketing Costs Quick commerce leader Zepto has seen its base shrink for the first time, according to a closer reading of the company’s updated Draft Red Herring Prospectus (DRHP). The filing reveals that despite significant increases in advertising expenditure, the company is facing slowing user growth and rapidly escalating customer acquisition challenges. This shift challenges Zepto's standing as one of India’s fastest-growing players in the highly competitive e-commerce space.Decline in Annual Transacting Users Signals Market Headwinds The ATU (Annual Transacting Users) metric tracks the number of unique users who have placed at least one order...

SGB 2019-20 Series VII Surges: Investors Set for Massive Profit as RBI Fixes Premature Redemption Price The Reserve Bank of India (RBI) has announced the fixed premature redemption price for State Gold Bonds (SGB) 2019-20 Series VII. This announcement opens up a substantial opportunity for investors, allowing them to redeem this specific bond tranche prematurely starting from June 10, 2026.The premature redemption price has been set at approximately Rs 15,275 per unit. This figure is determined based on the simple average of the closing prices of gold over the last three business days, as per RBI guidelines.Understanding SGB Redemption Rules and Timeline The issuance of SGB 2019-20 Series VII occurred on December 10, 2019. According...

Central Govt Approves Landmark CGGPOA Project: ₹1,299 Crore Mega Office Hub Set to Surge Coordination in Amaravati The Cabinet Committee on Economic Affairs has approved a monumental infrastructure project designed to redefine administrative functionality at India's new capital city. The approval concerns the construction of the Central Government General Pool Office Accommodation (CGGPOA) in Amaravati, Andhra Pradesh. This initiative is set to fundamentally transform the landscape of governmental service delivery in the rapidly evolving Greenfield city.Administrative Consolidation and Operational Enhancement The primary objective behind the CGGPOA project is the strategic consolidation of office spaces for various Central Government...

Hamavvand Chwda Steps Down as Group Head - Commercial & Administration at Balaji Telefilms Limited Balaji Telefilms Limited has announced a change in its senior management, with Mr. Hamavvand Chwda resigning from the position of Group Head - Commercial & Administration. His cessation from the company was effective June 09, 2026.The decision to step down was attributed to personal reasons. Mr. Chwda's resignation marks his departure from the role within the organization.Key details regarding this change in senior management personnel are as follows:ParticularsDetailsPosition HeldGroup Head - Commercial & AdministrationDate of CessationJune 09, 2026Reason for ChangePersonal ReasonsThe transition process is underway...

Massive Boost for Govt Employees: Cabinet Approves 17-Acre General Residential Housing Campus in Amaravati The Central Government has given the green signal for a major infrastructural project intended to support its staff. The Cabinet Committee on Economic Affairs, chaired by Prime Minister Shri Narendra Modi, formally approved the construction of the General Pool Residential Accommodation (GPRA) at New Capital City, Amaravati, Andhra Pradesh. This initiative marks the inaugural GPRA project in both the capital city and across the state of Andhra Pradesh.Addressing Staff Welfare and Administrative Efficiency The primary objective of this ambitious proposal is to significantly reduce the financial strain on Central Government...

DGTR Launches Unified Digital Platform, Fortifying India's Global Trade Defence Against Unfair Practices Strengthening Fair Trade: DGTR Holds Briefing on Remedy Measures The Directorate General of Trade Remedies (DGTR), a key function within the Department of Commerce, hosted a comprehensive media briefing in New Delhi. The event focused on "Trade Remedy Measures: Creating a Level Playing Field for Indian Industry." This initiative underscores the government's commitment to policy reforms and institutional achievements designed to support domestic manufacturing.Additional Secretary and Director General Trade Remedies (AS&DG), Shri Amitabh Kumar, addressed the press. He highlighted DGTR’s critical role as India's integrated trade...

Caliber Mining and Logistics Announces Public Offering Structure Amid DRHP Updates Caliber Mining and Logistics Limited, formerly known as Caliber Mercantile Private Limited, has completed the process concerning its Draft Red Herring Prospectus (DRHP), which includes significant proposals for a public offering. The company's offer is structured to comprise fresh equity shares alongside secondary sales by promoter shareholders.The total offering is designed to constitute part of the post-offer paid up equity capital.Offer Structure Details The public offering involves multiple components: a fresh issue from the company, as well as offerings for sale from various promoter entities. The offering details are summarized below...

Cabinet Approves Metro Phase 2A: Ahmedabad's Transit Network Surges as Airport Link Project Gets Green Light The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has greenlit a significant expansion of urban infrastructure with the approval of Phase 2(A) of the Ahmedabad Metro Rail Project. This decision represents a major step in enhancing connectivity and bolstering growth within the city’s rapidly expanding landscape.Defining the New Metro Corridor and Financial Scope Phase 2(A) entails the development of an advanced 6.032 km metro corridor, which will incorporate five key stations. These stations are situated at Ashram Road, Koteshwar Prachin Mandir, Sabarmati River, Sardar Nagar, and Airport.The project is...

PM Modi Surpasses Nehru Record: Cabinet Applauds Historic Service as India Drives 'Viksit Bharat' Agenda Cabinet Marks New Benchmark in Indian Democratic History The Union Cabinet today approved a landmark resolution, designating June 10, 2026, as an historic milestone in the progression of Indian democracy. The resolution applauds Prime Minister Shri Narendra Modi for setting a new national record by becoming the longest-serving elected PM. By accumulating 4,399 days of continuous service, he has surpassed the previous record held by Shri Jawaharlal Nehru, who served for 4,398 continuous days from 1952 to 1964.This achievement is framed as a symbol of India's renewed democratic consciousness and public trust. The resolution notes...

Cabinet Approves Ahmedabad Metro Rail Phase 2A: Connectivity Boost as City Aims for Seamless Airport Link The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has sanctioned Phase 2(A) of the Ahmedabad Metro Rail Project. This vital infrastructure move is set to significantly expand the city’s transit capabilities by adding a 6.032 Km corridor featuring five new stations.This phase will link key areas, including Ashram Road, Koteshwar Prachin Mandir, Sabarmati River, Sardar Nagar, and Airport. Upon completion of Phase 2(A), the overall Ahmedabad-Gandhinagar network will reach a total length of 77.63 Km, marking a transformative step for urban mobility in the region.Project Scope and Financial Details The total...

Khyati Multimedia Entertainment Ltd Posts Financial Results, Board Approves Key Appointments Amid Audit Qualifications Khyati Multimedia Entertainment Limited recently concluded its quarterly results and held a Board meeting, during which it reviewed its audited financial performance for the fourth quarter and the year ended March 31, 2026. The company also took several corporate governance actions and received a qualified opinion from its statutory auditors regarding the annual results.The Audited Financial Results reflect changes in the company's asset structure over the last fiscal year. As of March 31, 2026, the company's Total Assets stood at 349.47 Lakhs, up from 321.75 Lakhs as reported on March 31, 2025.The balance sheet...

Massive Showdown: EU Sanctions Proposal Plunges Indian Firms into Conflict Over Russia Links and Energy Trade The European Union’s proposed sanctions package targeting firms linked to Russia has placed several India-based entities in jeopardy. Brussels is considering export-control measures against companies accused of aiding Moscow’s military industrial complex, setting up a potential faultline between New Delhi and the EU bloc.The proposal intensifies pressure on third-country actors who support Russia's war effort. EU High Representative Kaja Kallas announced that the proposed 21st sanctions package would include export controls on 50 companies, which includes entities based in India, China, UAE, Turkey, Kazakhstan, and Kyrgyzstan...

Nucleus Software Partners with Azentra Solusi Digital to Boost Lending and Transaction Banking in Indonesia Nucleus Software Exports Limited has formalized a strategic partnership with Azentra Solusi Digital, a fast-growing technology solutions provider based in Indonesia. This collaboration is set to strengthen digital transformation capabilities for banks and financial institutions across the archipelago, marking a significant phase in Nucleus’s nearly two decades of market presence in Indonesia.The alliance combines Nucleus Software's globally recognized lending and transaction banking platforms with Azentra's deep local market expertise and implementation strengths. The move is designed to accelerate banking transformation as...