Markets

MM Rubber Company Ltd Announces Change in Chief Financial Officer MM Rubber Company Ltd has announced a change in its senior financial management following a Board Meeting held on June 10, 2026. The company confirmed the resignation of Mr. M M Kushalappa from the post of Chief Financial Officer (CFO).Mr. M M Kushalappa resigned as CFO, effective from the closing of business hours on June 10, 2026, citing personal commitments.Following this transition, the Board of Directors approved the appointment of Mrs. Poornima M to take over the role of Chief Financial Officer. The appointment of Mrs. Poornima M is set to be effective from June 11, 2026.Stock Price Movement As of 12:43, MM Rubber Company Ltd shares are ticking down as the...

Hexagon Nutrition IPO Demand Surges Above 50X as Investors Await Allotment Status and GMP Climbs The allotment process for the Rs 139-crore Hexagon Nutrition Initial Public Offering (IPO) is expected to be finalized later tonight, June 10. The issue saw tremendous investor interest, drawing a demand of 53.68 times in the primary market. This high demand underscores the market's positive sentiment toward the company's prospects.The IPO ran from June 5 to June 9, with the company setting a price band between Rs 42 and Rs 45 per share. Ahead of the public bidding phase, Hexagon Nutrition successfully raised 41.66 crore from anchor investors.How to Check Hexagon Nutrition IPO Allotment Status Applicants can track their Hexagon Nutrition...

JTL INDUSTRIES SECURES RS 26.74 CRORES ORDER FOR SUPPLY OF G.I. PIPES TO HIMACHAL PRADESH STATE JTL Industries Limited has secured a significant order from the Himachal Pradesh State Civil Supplies Corporation Limited (HPSCSC). The contract involves supplying G.I. Pipes to various divisions of the Jal Shakti Vibhag in the State of Himachal Pradesh.The one-time domestic order, valued at Rs 26.74 Crores, covers the supply of 3425 Metric Tonnes (MT) of G.I. Pipes to the specified government entity. The contract stipulates a delivery timeline of 60 days from the date the order was issued.JTL Industries Limited has confirmed that the corporation awarding the order, HPSCSC, is a domestic entity, and the order does not fall under related...

Astra Microwave Products Limited Approves Scheme for Demerger of Space and Meteorology Business Astra Microwave Products Limited (AMPL) has approved a significant Scheme of Arrangement involving the demerger of its Space, Meteorology, and Hydrology business into a separate entity. The decision was made by the Board of Directors at a meeting held on June 10, 2026.The scheme entails transferring all business, undertakings, activities, and properties related to the Space, Meteorology, and Hydrology Business from AMPL (the Demerged Company) to Astra Space Technologies Private Limited (ASTPL), which is a wholly owned subsidiary of AMPL (the Resulting Company). This transfer will be conducted on a going concern basis.The demerger aims at...

ICRA Assigns Rating for Archies Limited Instruments; Long-Term Fund-Based Credit Rated at [ICRA]B+ The Rating Committee of ICRA has assigned credit ratings for various instruments issued by Archies Limited, following a review based on the announcement of results from Q4FY26 and FY26. The rating actions cover both fund-based and non-fund-based facilities extended to the company.According to the assessment, the long-term rating for Archies Limited's LOC (Line of Credit) was assigned at [ICRA]B+ (Positive).The total rated amount across all instruments stands at Rs 24.10 crore. The detailed breakdown of these facilities, along with their corresponding ratings and actions, is as follows:Instrument CategoryRated Amount (Rs...

Bharti Airtel Expands 5G Network with Over 2900 New Sites Across Upper North Region of India Bharti Airtel Limited, a leading telecommunications service provider in India, has announced a major expansion of its 5G network in the Upper North region. The company reported deploying over 2900 new 5G sites across this area during the past 12 months to deliver faster speeds and wider coverage to millions of customers.This significant rollout spans 77 districts, providing high-speed connectivity to over 28.6 million customers. These users range from individuals in bustling cities and fast-growing towns to residents in remote rural villages, all benefiting from the enhanced network experience. Users are able to enjoy seamless streaming, rapid...

Maithan Alloys Acquires 0.18% Equity Stake in HFCL Limited through Stock Exchange Maithan Alloys Limited has acquired a small equity stake in HFCL Limited through the stock exchange, marking part of its investment portfolio. The transaction was completed on June 9, 2026, involving a cash consideration totaling Rs. 50.04 Crore.The acquisition represents a 0.18% shareholding, which includes 2,753,500 shares. According to the details provided, Maithan Alloys Limited made the purchase through stock exchange mechanisms and stated that the investment is intended for long-term or short-term benefits. The company confirmed it does not intend to gain control over the management of the Target Entity.HFCL Limited, which was acquired, operates...

J.K. Shah Classes Partners with Japan's CPA Excellent Partners to Boost Global Accounting Talent Mobility J.K. Shah Classes (JKSC), an initiative of Veranda Learning Solutions, has signed a Memorandum of Understanding (MoU) with Japan-based CPA Excellent Partners (CPAEP). The collaboration is set to drive talent development, recruitment, and career support for accounting and finance professionals across global markets, marking a significant advancement in strengthening Indo-Japan cross-border mobility within the financial sector.The partnership aims to create structured international career pathways for learners enrolled in Veranda Learning's commerce vertical. This initiative responds to the deepening bilateral cooperation between...

HDFC Bank Rockets Foreign Deposit Rates to 6% as Market Competition Intensifies HDFC Bank has significantly increased interest rates on its Foreign Currency Non-Resident (FCNR) deposits, attracting attention from non-resident Indians (NRIs). The bank’s updated rate card, effective June 10, 2026, brings the FCNR deposit rate for three-year to five-year tenures up to 6 percent.This rate revision marks a substantial leap from the previous offering of 3.65 percent that was available until June 9. This jump translates into an increase of 235 basis points and stands out as one of the steepest increases observed in FCNR deposit rates recently.Boosting Attractiveness for NRI Depositors The move by HDFC Bank aims to make its long-term...

Wanbury Limited Completes TGA Quality Inspection for Andhra Pradesh API Site Wanbury Limited has successfully completed a quality inspection by the Therapeutic Goods Administration (TGA), the drug regulatory agency of Australia, concerning its API manufacturing site located in Tanuku, Andhra Pradesh.Upon receiving the GMP certificate from the TGA, the successful completion of the inspection will enable Wanbury to ship additional three APIs. The company confirmed that it remains committed to continual improvement and maintains compliance with cGMP standards at the facility.In addition, updates regarding other facilities show that the API site in Patalganga secured a GMP certificate from MFDS (Korean FDA). This certification was...

UMC Hospitals, Nashik Receives Official Registration; Patient Services Expected in Coming Weeks Unihealth Hospitals Limited has announced that its upcoming flagship facility, UMC Hospitals, Nashik, has successfully received official Hospital Registration. This milestone signifies a crucial step toward the commencement of operations at the state-of-the-art multi-specialty healthcare institution.The registration follows extensive planning and infrastructure development, including equipment installation and the recruitment of clinical and operational teams. The hospital is designed to provide comprehensive, patient-centric care, addressing the growing demand for high-quality tertiary services across Nashik and North Maharashtra. With the...

Defrail Technologies Receives Purchase Order for Air Brake Hose Coupling, Submits Required Disclosure Defrail Technologies Ltd has secured a purchase order related to the supply of Air Brake Hose coupling complete for Brake/Feed Pipe. The value of this approximately Rs 1,48,00,000/- contract was initially intimated on 26/03/2026 in PDF mode.The company subsequently submitted the required announcement relating to receiving orders and contracts in XBRL mode following an earlier disclosure. This action addresses the necessary documentation pertaining to the acquired order.Stock Price Movement Defrail Technologies Ltd. shares settled at ₹77.00 on Tuesday, posting a solid gain of +5.48% for the day. The stock traded within an intraday...

Longthrive and Gamma View Funds Acquire Stake in M.R. Maniveni Foods Ltd Through Pre-IPO Anchor Investment M.R. Maniveni Foods Limited has seen its share capital structure modified following a significant investment by two venture capital entities, Longthrive Capital VCC - Trendview Capital Fund and Longthrive Capital VCC - Gamma View Funds. The acquisition was conducted through pre-IPO anchor investment, representing a 7.97 percent stake in the company's post-acquisition capital.The combined investment from the acquirers resulted in the purchase of 15,60,000 shares carrying voting rights in M.R. Maniveni Foods Limited. This acquisition was executed on 29/05/2026.The acquiring entities, which include Longthrive Capital VCC -...

Emerald Tyre Manufacturers Appoints EquiBridgeX Advisors for Investor and Public Relations Services Emerald Tyre Manufacturers Limited, formerly known as Emerald Resilient Tyre Manufacturers Private Limited, has appointed EquiBridgeX Advisors Private Limited of Mumbai to provide comprehensive Investor Relations and Public Relations services. The appointment is effective from June 12, 2026.The engagement aims to enhance the company's communication and deep engagement with its investors and various stakeholders. EquiBridgeX Advisors Private Limited will handle investor relations duties, including regular communication with the investor community, preparation of necessary investor presentations, and facilitating interactions between the...

Khamgaon Land Development Acquires 12.55% Stake in Isinox Ltd through Off-Market Trade Khamgaon Land Development & Trading Co. Private Limited has acquired 785,593 equity shares, representing a 12.55% stake, in Isinox Ltd. The acquisition was conducted via an inter-se/off market trade and took place between June 5, 2026, and June 8, 2026.The transaction involves Khamgaon Land Development & Trading Co. Private Limited (Acquirer) acquiring shares from Isisales India Private Limited. Isinox Ltd is noted as a Promoter Group Company.Key details regarding the acquisition and the target company's share capital are summarized below:MetricDetailTarget CompanyIsinox LtdAcquirerKhamgaon Land Development & Trading Co. Private Limited...

Promoter Group Acquires 0.19% Stake in Premier Polyfilm Ltd D L Millar & Co Ltd, a promoter group company of Premier Polyfilm Limited, has acquired a stake in Premier Polyfilm Ltd. The acquisition was completed through the open market on June 9, 2026.The transaction involved D L Millar & Co Ltd purchasing 1,99,218 equity shares of Premier Polyfilm Limited. This acquisition amounts to a 0.19% holding in the company.Details regarding the shareholding and transactions are summarized as follows:Transaction DetailValueAcquirer EntityD L Millar & Co Ltd (Promoter Group)Date of AcquisitionJune 09, 2026Shares Acquired1,99,218 Equity SharesPercentage of Stake0.19%Mode of AcquisitionOpen MarketThe transaction details...

Fairpoint Tradecom LLP Conducts Pledge Transactions Against Shares of Responsive Industries Ltd Fairpoint Tradecom LLP, representing the Promoter Group, has been involved in various pledge transactions concerning its equity shares in Responsive Industries Ltd. These actions include the creation and subsequent release of pledges over a portion of the promoter holding.The promoter group holds 2,46,50,000 equity shares in Responsive Industries Limited, accounting for 9.25% of the total share capital. The pledged shares have been encumbered primarily as collateral against loans.Details regarding the creation of pledge included the following:Shares Pledged: Fairpoint Tradecom LLP created a pledge of 74,69,971 shares (representing 2.80%...

Gold Plummets After Regional Tensions Escalate: Jewellery Stocks Fall as Precious Metal Prices Decline Precious Metals Tumble Amid Geopolitical Turmoil Shares of jewellery retailers were significantly weaker on Wednesday, driven by a sharp decline in global precious metal prices. This market weakness directly impacted the stocks of key industry players. Kalyan Jewellers saw its shares decline 2.62 percent to Rs 345.75. PC Jeweller also traded down, falling 1.92 percent to Rs 8.69 during afternoon trading.Global Bullion Prices Drop Amid Conflict Escalation The downturn in jewellery stocks coincided with a pronounced selloff in international bullion markets. According to Bloomberg, gold fell as much as 2.1 percent, reaching...

Equity Fund Inflows Tumble; Flexi Cap's Sharp Drop Drains Nearly A Third of Sector Growth Net inflows into equity mutual funds saw a significant moderation in May, as investor allocations softened across most categories. The monthly total of ₹23,587 crore marked a substantial decline from the ₹39,612 crore recorded in April. Despite this downturn, overall inflows remained 24% higher compared to the ₹19,013 crore witnessed in May 2025.Overall Equity Inflows Decline Amid Moderating Allocations The broader slowdown was evident across multiple segments of the market. For instance, Mid Cap funds and Small Cap funds both experienced noticeable declines in their monthly inflows. Collectively, Flexi Cap, Mid Cap, and Small Cap categories...

Aditya Birla Capital Allots 60,177 Shares under Employee Stock Option Scheme 2022 Aditya Birla Capital Ltd has approved the allotment of equity shares following the exercise of stock options and restricted stock units under its Employee Stock Option and Performance Stock Unit Scheme 2022 (ABCL Scheme 2022). The issuance was formalized on June 10, 2026.The Stakeholders Relationship Committee of the company approved the allotment of 60,177 equity shares, each with a face value of ₹10/-. These new equity shares will hold parity with all existing equity shares aspects within the company.This capital infusion results in an increase to the paid-up equity share capital of Aditya Birla Capital Ltd. The total number of shares and associated...