Markets

Safari Industries: Unclaimed Dividends of Shareholders to be Transferred to IEPF by October 2026 Safari Industries (India) Limited has initiated procedures concerning equity shares and unclaimed dividends belonging to certain shareholders, stipulating deadlines for claiming these amounts before their transfer to the Investor Education and Protection Fund (IEPF).The company has notified shareholders whose dividends have remained unpaid or unclaimed for seven consecutive years or more. The period for calculating this requirement begins with the dividend declared for the financial year 2018-19.Shareholders are requested to claim these specific unpaid dividends no later than September 13, 2026. If the claims are not made by the...

Unified Data Tech Solutions Secures Follow-On AMC Order, Boosting BFSI Segment Presence Unified Data Tech Solutions Ltd (Udtechs), a fast-growing system integrator specializing in Data Centre Infra and Cloud Sector services, has secured a follow-on Annual Maintenance Contract (AMC) order from one of India's largest private sector banks. This repeat business underscores the customer’s confidence in Udtechs' technical capabilities and service delivery quality.The latest contract pertains to AMC services for OEM infrastructure deployed at the bank's Hyderabad Data Centre, valued at approximately ₹4.24 crore (inclusive of taxes). This order follows a previous engagement announced on May 29, 2026, which involved an AMC services contract...

Allied Blenders and GSK Announce AGMs; SU Toll Road Invites Bids for NH Project Corporate developments are underway across various sectors, with companies holding general meetings while infrastructure projects move forward through tender processes.Allied Blenders and Distillers Limited is scheduled to host its 18th Annual General Meeting (AGM) on Monday, July 6, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio Visual Means (OAVM).The company has also provided details regarding a final dividend for the Financial Year ended March 31, 2026. The Board of Directors had previously recommended a Final Dividend of approximately 40/ per Equity Share. Members are reminded that the Record Date for this payment is...

Director Acquires Shares in Vibhor Steel Tubes Ltd During Open Market Transaction Mr. Vijay Kumar Kaushik, a Promoter and Director of Vibhor Steel Tubes Limited (formerly known as Vibhor Steel Tubes Private Limited), has increased his holding through an open market transaction. The acquisition was completed on June 08, 2026.The purchase involved Mr. Kaushik acquiring 7350 equity shares of the company. This transaction resulted in the newly acquired shares constituting 0.04% of the company's total paid up capital.Mr. Kaushik is identified as a Promoter and holds an existing stake in Vibhor Steel Tubes Limited. His pre-acquisition holding stood at 41,47,304 shares, representing 21.87% of the voting capital. Following the open market...

Regulatory Scrutiny on Patanjali Karela Jamun Juice as Claims are Examined under DMR Act Patanjali Foods Limited has received communication from a state regulatory body regarding promotional and labelling representations for one of its products, Patiwali Karela Jamun Juice. The notice focuses on certain claims made in the product's marketing materials.The Company received the intimation from the Joint Commissioner (Drugs), Food & Drug Administration, Maharashtra State, Nagpur Division, on June 08, 2026. This communication relates to the applicability of Sections 3 and 4 of the Drugs and Magic Remedies (Objectionable Advertisements) Act, 1954 (DMR Act).The regulatory authority examined promotional and labelling representations...

Syschem India Receives Judicial Order Directing Recovery of Funds in Fraudulent Transfer Case Syschem India Ltd has received a judicial order pertaining to a matter involving the fraudulent transfer of funds from the company's accounts, directing the recovery of specified amounts. The order was received by the company on June 9, 2026.The competent authority that passed the order is the Judicial Magistrate I Class, Chandigarh. The order, dated June 6, 2026, pertains to recovering funds from the accounts identified during the investigation of fraudulent transactions involving Syschem India Ltd.Pursuant to the said judicial directive, an amount has been directed to be recovered in favour of the company from the associated accounts. The...

K2 InfraGen Appoints Sanjay Gupta as Senior Vice President to Strengthen Infrastructure Leadership Gurugram, 9th June, 2026: K2 InfraGen Limited has announced the appointment of Mr. Sanjay Gupta as Senior Vice President, effective June 1, 2026. This strategic appointment is set to bolster the company's leadership depth as it focuses on infrastructure development and operational efficiency.Mr. Gupta brings extensive experience across Engineering, Procurement and Construction (EPC), Power Transmission and Distribution (T&D), and Railway Infrastructure. With over 38 years in the sector, his background encompasses deep sectoral knowledge, project execution expertise, and strong leadership capabilities. The appointment is anticipated to...

TRAI Forces Digital Infrastructure Upgrade: Amended Manual Introduces Multi-Stage Rating and Tech-Neutral Standards The Telecom Regulatory Authority of India (TRAI) has released the amended 'Rating Manual 2026' for the assessment of digital connectivity. This crucial update is part of the overarching effort under the 'Rating of Properties for Digital Connectivity Regulations, 2024'.The new manual integrates significant revisions necessitated by stakeholder feedback and subsequent amendments to the regulations. It aims to ensure a fair, transparent, and standardized approach across all stakeholders, including Service Providers, Property Managers, and Digital Connectivity Rating Agencies (DCRA).Why Is This Amended Manual Necessary...

The Wealth Company Launches Moderate Mid Cap Fund: Analysts Point to 'CHANGE' Framework for Long-Term Growth The Wealth Company Asset Management has launched a new open-ended equity scheme, The Wealth Company Mid Cap Fund. This fund is tailored for investors seeking long-term capital appreciation by focusing predominantly on mid-capitalization companies. The AMC has structured the fund with a moderate risk profile and rigorous investment criteria to identify high-potential growth stocks.The scheme aims to provide stable returns while aggressively pursuing value creation through its active management philosophy. As per SEBI regulations, the fund offers both a Regular Plan and a Direct Plan for subscription, ensuring accessibility...

Market Rally Snaps Two-Day Slump: Sensex and Nifty Surge Amid Easing Geopolitical Tensions Indian equity markets ended on a positive note, snapping their two-day losing streak on Tuesday, June 9. The benchmark indices rallied, supported by global market cues and moderating trends in crude oil prices. This recovery signals a shift towards stability in domestic equities.The Sensex finished strong, trading at 73,918.76, marking a gain of 394.50 points or 0.54 percent. Nifty closed higher at 23,242.10, advancing by 119.10 points, equating to 0.52 percent.Broader Market and Currency Performance The broader market demonstrated resilience, consistently outperforming the benchmark indices. The Nifty Midcap index recorded a rise of 1.3...

Moody's Affirms 'Ba1/Stable' Rating for JSW Hydro Energy Limited's Senior Secured Notes Moody's Ratings has affirmed the credit rating for the Senior Secured Notes (USD Bonds) of JSW Hydro Energy Limited, a step-down subsidiary of JSW Energy Limited. The rating affirmation was issued by Moody's on June 8, 2026.The assessment granted by Moody's assigns a 'Ba1/Stable' rating to the Senior Secured Notes held by JSW Hydro Energy Limited. This material update concerns the bond obligations of the subsidiary.JSWENERGY Stock Price Movement JSW Energy Limited shares today slipped by 0.02% to settle at ₹570.4 after seeing a moderate trading session. The stock traded a total volume of 1.96 million shares during the day.

Ad Revenue Surges 33 Times at Zepto as Quick Commerce Brands Pour Millions into Retail Media Zepto, an IPO-bound quick commerce leader, has seen its advertising revenue surge dramatically. The platform generated Rs 1,636 crore in advertising revenue in FY26 alone, representing a massive growth from Rs 651 crore in the prior year. This sharp rise underscores the rapid shift of brand marketing spends toward quick commerce platforms across India.Exponential Growth in Advertising Revenue The trajectory of ad monetization at Zepto has been unprecedented over the past two years. The advertising revenue stream climbed from just Rs 49 crore in FY24 to Rs 651 crore in FY25, and subsequently reached Rs 1,636 crore by FY26. This translates to a...

SEBI Issues Strict Recovery Notice: Demand of Rs 5,31,000 Against Ram Gopal Gupta HUF Over Illiquid Stock Options The Securities and Exchange Board of India (SEBI) has issued a formal demand notice to Ram Gopal Gupta HUF concerning dues related to illiquid stock options. The certificate, dated June 9, 2026, outlines a total recoverable amount of ₹5,31,000, which includes penalties, interest accrued since January 21, 2026, and recovery costs.This action falls under Section 28A of the SEBI Act, 1992, read with relevant provisions of the Income Tax Act, 1961. The notice mandates immediate payment of the calculated dues to the designated SEBI account or through the online recovery payment module on the SI portal.Breakdown of Dues and...

TCS Chairman Reveals Massive Opportunity: AI Is Not a Threat, But a $3 Trillion Trajectory Tata Consultancy Services (TCS) has reframed artificial intelligence from a potential market threat into the single most significant opportunity for the world's largest IT services company. Speaking at the firm’s 31st annual general meeting in Mumbai on June 9, Chairman N Chandrasekaran calmed investor fears by stating that AI represents immense growth potential for TCS and the enterprise IT sector.Chandrasekaran addressed market anxiety caused by rapid technological change. While some view AI as a fundamental danger to the existing IT model, he maintains that it is instead a powerful catalyst for expansion. This optimism comes despite recent...

Genesis Exports Acquires 45,000 Shares of La Opala RG Limited Genesis Exports Private Limited has increased its stake in La Opala RG Limited through an open market acquisition. The company acquired 45,000 Equity Shares carrying voting rights of La Opala RG Limited.The purchase was completed across two dates: June 5, 2026, and June 8, 2026. Genesis Exports Private Limited, along with its associated Persons Acting in Concert (PACs), holds a promoter stake in the target company.According to the transaction details, the consolidated holding of Genesis Exports Private Limited and PACs before the acquisition was 7,35,30,000 shares carrying voting rights. Following the acquisition of 45,000 shares, the combined holding increased to...

Sound Waves Unlocked to Revolutionize Computing: Researchers Signal Major Leap in Energy Efficiency Researchers have unveiled a novel mechanism utilizing sound waves to generate and control spin currents. This breakthrough holds significant potential for advanced quantum computing, next-generation communication technologies, and drastically reducing the energy consumption associated with modern electronics.The study successfully harnessed Surface Acoustic Waves (SAWs) to drive magnon-based spin currents in specific magnetic materials. These findings address a critical bottleneck in technological development: the persistent need for faster yet significantly more power-efficient devices.Addressing Energy Loss in Traditional...

Videocon Industries Submits Un-Audited Financial Results for Nine Months Ended December 31, 2024 Videocon Industries Limited has released its un-audited financial results for the quarter and nine months ended December 31, 2024, along with a Limited Review Report. The results were signed by the Resolution Professional on February 10, 2026. The submission comes as part of the ongoing Consolidated Corporate Insolvency Resolution Process (CIRP) involving the Company and twelve other Videocon group companies.The company, which is undergoing CIRP under the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC), has noted that the submission of these financial results was inadvertently delayed. The delay was attributed to several...

PM Modi Addresses Kuwait Amir over West Asia Tensions, Reaffirming India's Condemnation of Attacks on Sovereignty Prime Minister Condemns Escalating Tensions in West Asia Prime Minister Shri Narendra Modi held a crucial telephone conversation today with the Amir of Kuwait, His Highness Sheikh Meshal Al-Ahmad Al-Jaber Al Sabah. The two senior leaders engaged in an extensive discussion concerning the evolving security situation across West Asia.The Prime Minister expressed deep concern regarding the current escalation of regional tensions. He reaffirmed India's strong condemnation of all attacks targeting Kuwait's territorial integrity and sovereignty.Reiterating Call for Dialogue and De-escalation Addressing the volatile climate...

Block Deal Ignites Rally: Adani Green Surges to 52-Week High as Renewable Expansion Plans Spark Investor Frenzy Adani Green Energy Ltd shares witnessed a significant surge on Tuesday, closing substantially higher after a major block deal involving the sale of company equity. The stock rallied over 3 percent following the large transaction, which involved approximately 2.1 crore shares, representing 1.3 percent of Adani Green’s total equity.The move propelled the stock to a new high for the session, closing at Rs 1,532. This performance saw the company touch its 52-week high mark of Rs 1,544.8. The market capitalization stood robustly at approximately Rs 2.52 lakh crore based on today’s closing valuation.Stock Performance and Block...

Bombay High Court Allows Petition in Telecom Litigation Against Spectrum Demand A material development has been reported regarding the litigation involving Bharti Airtel Limited concerning a one-time spectrum charge (OTSC) demand by the Department of Telecommunications. The Hon'ble Bombay High Court allowed the company's petition and set aside the impugned demand, as confirmed in a judgment dated June 8, 2026.The litigation originated from a petition filed by Bharti Airtel Limited before the Bombay High Court, challenging a demand notice issued by the Department of Telecommunications regarding OTSC. This demand notice was dated January 8, 2013, and had initially amounted to Rs. 5,201.2 Cr (revised to Rs. 8,414 Cr in 2018). The demand...