Markets

Netizen Properties Acquires 74% Stake in Thakral Services India Ltd in Off-Market Deal Netizen Properties Private Limited has acquired a substantial stake in Thakral Services (India) Limited, securing ownership of 86,84,200 equity shares, representing 74% of the paid-up capital of the company. The transaction was completed through an off-market sale on May 20, 2026.The acquisition pertains to the transfer of shares between two companies where a common person holds less than fifty percent of the equity shares. Paramount Park Limited is the seller in this deal, while Netizen Properties Private Limited is the acquirer. The purchase price for each share was INR 15.25/-.Transaction and Shareholding Details The acquisition resulted in...

Nasdaq Slumps 1.98% Amid Geopolitical Tension: Will Tech Sell-Offs Impact India's Market Outlook? Global equity markets faced significant headwinds on Wednesday, as concerns over rising inflation and renewed geopolitical tensions in the Middle East weighed heavily on US stocks. The downturn saw key indices register substantial losses, signaling a period of caution for technology giants and risk assets worldwide.The Nasdaq Composite Index shed 509.32 points or 1.98%, closing at 25,169.50. Broader market indicators also fell sharply; the Dow Jones Industrial Average dropped 953.33 points or 1.87% to 49,918.78. The S&P 500 sank 119.66 points or 1.62%, settling at 7,266.99.Tech Sector Faces Profitability Scrutiny Amid AI IPO Pressure...

South Korea Fines Coupang $409 Million After Massive Data Breach: Regulator Cites Management Failure Government-Led Investigation Blames Systemic Flaws for Mega Data Leak Coupang, the massive e-commerce giant, has been hit with a substantial fine by South Korea’s Personal Information Protection Commission. The company has been penalized $409.30 million (625 billion won) in what is described as the country's largest data breach penalty on an enterprise. This severe action follows a widespread leak of customer information and findings of illegal personal data collection from last year.The regulator pointed to systemic failures within Coupang’s operations, stating that "This accident occurred due to Coupang's lack of safety measures and...

Envirotech Systems Promoter Acquires 7,000 Equity Shares in Open Market Transaction Envirotech Systems Limited announced a significant open market acquisition of equity shares by its promoter and managing director, Mr. Manoj Kumar Gupta. The transaction took place on June 10, 2026.Mr. Manoj Kumar Gupta, who serves as the Managing Director and Promoter of Envirotech Systems Limited, purchased 7,000 equity shares of the company in the open market. The acquisition was valued at Rs. 525,400.The purchase details reflect a substantial change in the promoter's holdings. Prior to this transaction, Mr. Gupta held 9,171,650 equity shares. Following the open market purchase of 7,000 shares, his holding increased to 9,900,190,001 shares...

Rain Carbon Releases Fourth Annual Sustainability Report for Calendar Year 2025 Rain Carbon Inc., a global provider of carbon-based products and advanced materials, has published its fourth external sustainability report covering calendar year 2025. The report details the company's ongoing commitment to sustainability as part of its long-term strategy.Executive Vice President -Corporate and Sustainability Steering Committee Chair Matthew Scott-Hansen stated that "Sustainability remains the cornerstone of RAIN's identity and the foundation of our long-term strategy." He added that in 2025, the company advanced this commitment by embedding double materiality into its strategic framework and strengthening supply chain integrity through...

Unichem Laboratories attributes significant stock volume increase to market drivers Unichem Laboratories Ltd has stated that the notable increase in the volume of its securities across exchanges is purely market driven, offering no specific comment on the matter.The company clarified its position regarding the surge in trading volume, confirming that all events and information pertaining to the business have been disclosed as per regulatory obligations.Unichem reiterated that it will continue to make necessary disclosures in compliance with its ongoing commitments, addressing concerns raised over the movement of its stock securities.UNICHEMLAB Stock Price Movement Unichem Laboratories Limited's stock is rallying in live trading...

National Plastic Industries Ltd Announces Investor Campaigns and Dematization Window for Shareholders National Plastic Industries Ltd announced several crucial initiatives for its shareholders concerning the transfer and dematerialization of physical securities, alongside launching a dedicated investor education campaign. The company released important information regarding shareholder services aimed at facilitating the smooth transition to electronic shareholding and ensuring timely KYC updates.Investor Education and Protection Campaign The company highlighted the launch of the 100 Days Campaign, 'Saksham Niveshak,' initiated by Investor Education and Protection Fund Authority (IEPFA). This campaign is designed for shareholders whose...

Rush to Buy Before June 12: Eight Mega Caps — Including Tata Steel and Adani Ports — Set Ex-Dividend Payouts The stock market is witnessing a flurry of dividend declarations as several large-cap companies, including Adani Ports, Tata Steel, and Tata Motors, are set to trade ex-dividend on June 12, 2026. Investors aiming for these significant payouts must complete their purchases before the designated cut-off dates under the T+1 settlement cycle. This event highlights a strong commitment from these industrial and financial giants to reward shareholders.##Deadline Approaching: Investors Must Act Before Ex-Dividend DatesA critical window is open for retail investors who wish to be eligible for upcoming dividend payments. The common...

S J Logistics Designates Thane Premises as New Corporate Office S J Logistics (India) Limited has designated a leased premise in Thane, Maharashtra, as the corporate office of the company. This decision was made by the Board of Directors during a meeting held on Thursday, June 11, 2026.The move is intended to enhance the day-to-day working operations of S J Logistics and to consolidate the storage of company records and other essential documents in one location.The premises designated as the Corporate Office are situated at Office No. 901 /902 /903, Centrum, Opp. Raila Devi Lake, Wagle Estate Thane (West) - 400604 in Maharashtra, India.This designation of the new office location comes following the shifting of the company's...

S J Logistics Board Approves Shift of Registered Office within Maharashtra S J Logistics (India) Limited announced that its Board of Directors approved the shifting of the company’s registered office. The decision was made during a meeting held on June 11, 2026.The move involves relocating the registered office from one jurisdiction to another within the state of Maharashtra. This action is subject to necessary shareholder and statutory approvals.The details regarding the relocation, including the current and new addresses, are as follows:DetailCurrent AddressNew AddressLocation901/902/903, Centrum, Opposite Raila Devi Lake, Wagle Estate, Thane - 400604 (Jurisdiction of ROC Mumbai-II, Maharashtra)403, 4th Floor, Sabari...

CARE Ratings Reaffirms AAA Status for National Highways Infra Trust Across Bank Facilities and Debt Instruments CARE Ratings Limited has reaffirmed the credit ratings of National Highways Infra Trust (NHIT) following a review of the company's operational and financial performance for Fiscal Year 2026. The ratings confirmed NHIT's strong financial standing across its bank facilities, Non-Fund Based Limits (NFBs), Non-Convertible Debentures (NCDs), and Zero Coupon Bonds (ZCBs).The overall Issuer rating for the Trust was reaffirmed at CARE AAA; Stable.Credit Rating for Bank Facilities CARE Ratings reviewed the performance of NHIT's bank facilities, reaffirming strong ratings across various debt types. The Long Term Bank Facilities were...

Galaxy Bearings Ltd Increases Advance Payment in Proposed Land Acquisition Galaxy Bearings Ltd has increased the advance payment made for the proposed purchase of agricultural land located in Gujarat. The company paid a further ₹25,00,000 to the seller, Mr. Samjibhai Pragajibhai Dhameliya on June 11, 2026.The land in question is situated at Village Shapar, Taluka Kotda Sangani, District Rajkot, Gujarat, and was identified by Old R.S. No. 254 and New R.S. No. 422/3. The total area of the agricultural land amounts to approximately 7,588 sq. meters.The additional payment brings the aggregate advance paid by Galaxy Bearings Ltd in relation to the proposed transaction up from ₹3,51,00,000 to ₹3,76,00,000. The payment was executed through...

Oracle Financial Services Shares Plunge as Investor Skepticism Over AI Spending Undermines Stellar Earnings Report Shares of Oracle Financial Services Software (OFSS) saw a significant decline in the afternoon trade on Thursday, reflecting widespread investor apprehension surrounding the massive infrastructure spending and future fundraising plans announced by its parent company, Oracle Corp. The stock plummeted despite the giant reporting strong fourth-quarter earnings and robust revenue growth.OFSS Stock Dips Amid Parent's AI Investment Fears OFSS shares were trading at Rs 9,262, registering a drop of Rs 208 or 2.20 percent on the NSE by 1:51 pm. The weakness in OFSS is consistent with market sentiment surrounding Oracle Corp., as...

Promoter Group Entities Acquire Equity Shares of MSP Steel & Power Ltd in Open Market Purchases Promoter group entities have made open market purchases of equity shares of MSP Steel & Power Limited, as detailed in recent reports concerning the company's shareholding structure. The acquisitions were conducted across several dates by three different promoter groups: Sampat Marketing Company Pvt Ltd, Shree Vinay Finvest Pvt Ltd, and Ilex Private Limited.The reported transactions outline the purchases made by each entity during June 2026.Key details of the open market purchases are summarized below:Promoter Group EntityShares AcquiredDate(s) of PurchaseSampat Marketing Company Pvt Ltd7,00,000June 4, 2026Shree Vinay Finvest Pvt...

USFDA Classifies Cipla's Goa Facility Inspection as Voluntary Action Indicated (VAI) Cipla Ltd has received the classification from the United States Food and Drug Administration (USFDA) regarding the routine Good Manufacturing Practices (cGMP) inspection conducted at its manufacturing facility in Verna, Goa. The USFDA classified the inspection as Voluntary Action Indicated (VAI).The investigation covered both the routine cGMP inspection and a Pre-Approval Inspection (PAI) at the company's facility located in Verna, Goa, India. These inspections took place between April 6 and April 17, 2026. The USFDA issued its classification via communication dated June 10, 2026.CIPLA Stock Price Movement Shares of Cipla Limited are edging higher...

Britannia Industries Loses Vice President as Executive Departs for External Opportunity Britannia Industries Ltd has announced that Mr. Manjunath Rakshit Hargave, who served as Vice President of Consumer Insight, Media and Competitive Intelligence, is resigning from the company.Mr. Hargave submitted his resignation to pursue opportunities outside of the organization.The executive will be relieved from his services with effect from close of business hours on July 3, 2026.BRITANNIA Stock Price Movement As of 2:04 PM, shares of Britannia Industries Limited are slipping by 0.58% in live trading, currently at ₹5141 as the stock sheds ₹30.00 from its previous close. The Fast Moving Consumer Goods stock sees heavy activity, with 170,098...

Mahindra Financial Services' Non-Convertible Debt Reaffirmed by Brickwork Ratings Mahindra & Mahindra Financial Services Ltd has seen its credit rating for specific debt instruments reaffirmed by Brickwork Ratings India Private Limited (BWR). The ratings were published on June 10, 2026.The reaffirmation covers the company's Non-Convertible Debentures (Subordinated Debt), reflecting sustained credit quality in the market.Details regarding the rating for the debt instruments are provided below:InstrumentRated Amount (Rs. in Crore)Rating StatusNon-Convertible Debentures (Subordinated Debt)2,125.68BWRAAA/Stable (Reaffirmed)The rating rationale and other specific details related to the instruments are available through BWR's...

SEBI issues Administrative Warning Letter to Khandwala Securities over Past IPO Document Noncompliance Khandwala Securities Limited has received an administrative warning letter from the Securities and Exchange Board of India (SEBI) regarding a violation related to one of its previously filed Draft Offer documents. The letter was issued by SEBI on June 09, 2026, and received by the company on June 10, 2026.The warning concerns provisions of the SEBI (Issue of Capital and Disclosure Requirement) Regulations, 2018, and the SEBI (Merchant Bankers) Regulations, 1992. The regulatory action relates to a Draft Offer document (DRHP) dated February 26, 2025, which was filed by Khandwala Securities in connection with an initial public offering...

Tulsi Extrusions Limited Appoints Mr. Sandesh Jaju as Additional Non-Executive Director Tulsi Extrusions Limited has announced that its Board of Directors approved the appointment of Mr. Sandesh Jaju as an Additional Non-Executive Director. The decision was made during a meeting held on June 10, 2026, and the appointment is effective from June 10, 2026, pending shareholder approval at the ensuing general meeting.The appointment relates to Mr. Sandesh Jaju (DIN: 07302544).Details regarding the new director, as provided by the company, are presented below:DetailInformationNameMr. Sandesh JajuRoleAdditional Non-Executive DirectorEffective Date of AppointmentJune 10, 2026Shareholding in the CompanyNILDirector...

BHEL receives Limited Notice to Proceed from DVC for 1x800 MW Durgapur Power Station Project Bharat Heavy Electricals Ltd (BHEL) has secured a significant operational milestone on the Damodar Valley Corporation (DVC) project, having received a Limited Notice to Proceed (LNTP). The notice pertains to the 1x800 MW Durgapur supercritical thermal power station and enables BHEL to initiate crucial preparatory work for the Main plant package.The LNTP allows BHEL to commence advanced engineering and begin the ordering of critical long lead items required for the project under the Main plant package. This development follows BHEL emerging as the successful bidder in a major tender conducted by DVC for the supply and execution of the Main...