Markets

Mirae Asset Mutual Fund Increases Stake in Wakefit Innovations Ltd. Through Open Market Purchase Mirae Asset Mutual Fund has increased its holding in Wakefit Innovations Ltd. following an acquisition of shares through the open market. The transaction saw the acquiring entity increase its stake, bringing its total holding to 5.40% of the company's voting capital.The acquisition was completed on June 05, 2026, with Mirae Asset Mutual Fund purchasing 1,875,417 shares in Wakefit Innovations Ltd.Prior to this transaction, Mirae Asset Mutual Fund held 15,939,383 shares in Wakefit Innovations Ltd., representing a holding of 4.83% against the total voting capital. The company's total equity share capital and voting capital remained at...

Faalcon Concepts Ltd Wins Rs 3.11 Crore Work Order for Glass and Glazing from Sanskriti University Faalcon Concepts Limited has secured a new work order from Sanskriti University, agreeing to provide glass, glazing, and windows for the university's campus facility. The contract is valued at Rs 3,11,00,000, covering services related to building Campus -1 at Sanskriti University in Mathura, Uttar Pradesh.The agreement falls under a four-month time period and concerns domestic work. Sanskriti University issued the order for work to be executed at their site located in Chhata Kosi, Mathura.Faalcon Concepts Ltd has accepted the contract to supply glass, glazing, and windows to the university. The details of the transaction are as...

CTL Creates Encumbrance on Pakka Ltd. Equity Shares Through Pledge Catalyst Trusteeship Limited (CTL), acting as the debenture trustee for Debenture holders, has created an encumbrance over a significant stake in Pakka Limited's equity shares by way of pledge. This action relates to the secured debt instrument held by CTL on behalf of its stakeholders.The pledging involved 1,26,81,678 equity shares of Pakka Limited. Based on this transaction, the pledged holding constitutes 28.21% of the company's total share capital and 28.21% of the diluted voting capital. The pledge was completed on June 04, 2026.CTL is noted as not belonging to a promoter or promoter group in relation to this acquisition.The transaction details concerning...

Korean Stocks Roar Back: AI Chip Leaders Surge as Kospi Rebounds After Sharp Correction A significant rally has seen South Korean equities find their footing after a dramatic downturn, with memory chipmakers leading a robust market comeback. The Kospi index jumped dramatically following three days where it had been pulled down 15% from its record high. This resilience suggests that investors remain committed to the potential of the artificial intelligence (AI) sector in the region.Samsung and SK Hynix Lead Massive Sector Rebound The recovery was spearheaded by major memory chip manufacturers, whose stock prices witnessed powerful upward movements. Samsung Electronics Co. bounced up as much as 9.1%, demonstrating strong investor...

Promoter Group Receives Shares in K M Sugar Mills Ltd Following Transmission from Late L.K. Jhunjhunwala K M Sugar Mills Ltd reported a significant share transfer involving the company's promoter group. The transmission concerned 14,302,600 equity shares of the company, which were transferred to Smt. Naina Devi Jhunjhunwala (Promoter Group), who acts as the nominee and legal heir of Late Shri L.K. Jhunjhunwala (Promoter).The transaction occurred on June 4, 2026, with the shares being transferred through an off-market process. This transfer represented 15.55% of the total paid-up equity share capital of K M Sugar Mills Ltd.Prior to the transmission, the promoter group held a substantial stake in the company. The details of the...

Kerala Ayurveda Ltd Appoints Binu Thomas as Company Secretary and Compliance Officer Kerala Ayurveda Ltd has announced the appointment of Mr. Binu Thomas as the company's Secretary and Compliance Officer. The decision was made by the Board of Directors during a meeting held on June 9, 2026.Mr. Binu Thomas takes up the role of Company Secretary and Compliance Officer with effect from June 9, 2026.The appointment sees Mr. Binu Thomas assume critical secretarial and compliance responsibilities within the organization. His profile includes qualifications and experience spanning over a decade in the sector.Details regarding the Key Managerial Personnel appointed include:ParticularsDetailsNameMr. Binu ThomasRoleCompany...

Sandeep Jindal Acquires Shares in Balgopal Commercial Ltd Through Preferential Allotment of Warrants Sandeep Jindal, who is identified as a Promoter of Balgopal Commercial Limited, has acquired equity shares of the company through the conversion of warrants allotted on a preferential basis. This transaction results in an increase in his stake and affects the overall capital structure of the target company.The acquisition involved Sandeep Jindal acquiring 23,38,000 Equity Shares. The transaction was recorded on June 6, 2026.Shareholding Dynamics Before and After AcquisitionBefore the current acquisition, Sandeep Jindal's holding, along with Persons Acting in Concert (PAC), stood at 1,31,35,812 shares, representing 50.39% of the...

Profit Booking Smashes Early Rally: FII Outflows and Global Instability Drag Sensex, Nifty Lower The benchmark equity indices saw their early gains eroded on Tuesday as profit booking set in at higher levels. The Sensex and Nifty absorbed significant selling pressure after initial strength, amid mounting concerns over persistent foreign institutional investor (FII) outflows and moderating global economic outlooks.While the morning session saw resilience, the market trended downward subsequently. The Sensex, which had earlier stood at 74,035.41 (up 0.7 percent), eventually settled at 73,662.50. The Nifty similarly gave up ground after reaching a high of 23,259.45, trading near the 23,150 level as investor caution deepened.Why Market...

ICICI Bank Allots 167,403 Equity Shares under Employee Stock Option Scheme-2000 ICICI Bank Ltd has completed the allotment of equity shares in connection with the ICICI Bank Employees Stock Option Scheme-2000. The allotment was made on June 9, 2026.The transaction involved the issuance of 167,403 equity shares to employees under the specified scheme. Each of these shares has a face value of Rs. 2.Key details regarding the share allotment are provided below:MetricDetailAllotment DateJune 9, 2026Number of Shares Allotted167,403Face Value Per ShareRs. 2Scheme NameICICI Bank Employees Stock Option Scheme-2000ICICIBANK Stock Price Movement As of 10:37 AM, ICICI Bank Limited is rallying on positive momentum in live...

United Heat Transfer Secures Purchase Order from Atlas Copco Crepelle for Manufacturing Goods United Heat Transfer Limited has received a purchase order from international entity Atlas Copco Crepelle, securing a contract for manufacturing and supplying specialized industrial equipment. The deal involves providing Shell & Tube Heat Exchanger, Separator, and Spool Pipes to the company's facility located in France.The contract is valued at Rs. 23,68,375/- approximately, excluding tax. Atlas Copco Crepelle, an international entity, placed the order for the specialized manufacturing and supply of these industrial components.The agreement specifies various terms and conditions, including payment timelines and project completion targets...

Narendra Goel Resigns as Director and Chairman of Shri Bajrang Alliance Ltd Shri Bajrang Alliance Ltd has announced the resignation of Mr. Narendra Goel from his roles as Director and Chairman of the company. The departure was formalized after the company received the resignation, which became effective from the close of business hours on June 08, 2026.The reason cited for Mr. Goel's resignation is pre-occupation with other commitments, leading to an inability to devote sufficient time to the affairs of Shri Bajrang Alliance Ltd.The details regarding this change in leadership have been recorded by the company following the receipt of the resignation letter from Mr. Narendra Goel.Key details regarding the transition are summarized...

Fitch Slashes India's FY27 GDP Forecast to 6.4% Amid US-Iran Conflict and Energy Shock Why The US-Iran Conflict is Driving Down Global Growth Projections Global rating agency Fitch Ratings has significantly trimmed its economic outlook for India, lowering the FY27 GDP growth forecast to 6.4 percent from the previous estimate of 6.7 percent. This downward revision is directly attributed to the macroeconomic fallout stemming from the ongoing US-Iran conflict and rapidly rising energy prices.In its latest Global Economic Outlook, Fitch noted that domestic demand will remain the primary driver supporting growth in India. However, expected lower imports in real terms are also anticipated to help support a positive net external demand. The...

Anupam Rasayan Launches Open Offer for Bliss GVS Pharma Ltd Equity Shares, Targeting 26% Stake Anupam Rasayan India Limited has initiated a mandatory open offer to acquire equity shares in Bliss GVS Pharma Limited. The offer is being made following the execution of a Share Purchase Agreement (SPA) and aims to bring Anupam Rasayan into control of the pharmaceutical company.The Acquirer, Anupam Rasayan India Limited, has established an offering at a fixed price to the public shareholders of Bliss GVS Pharma Ltd.Key Details of the Open Offer The open offer details are as follows:Target Company: Bliss GVS Pharma Limited Acquirer: Anupam Rasayan India Limited Offer Price: ₹ 299.00 per Equity Share Offer Size: Up to 2,77,26,848 fully...

NLC India Shares Plunge as Centre Announces Offer for Sale of Up to 3% Stake Shares of state-run company NLC India traded sharply lower on Tuesday following the announcement by the Government of India regarding a sale of its equity stake. The news contributed significantly to investor concern, driving down the stock price despite assurances from government officials about the company's fundamentals.NLC India shares were trading at Rs 324.40 on the NSE during the day, reflecting a decline of 3.38 percent. Earlier in the session, the volatility intensified as the stock fell by as much as 4.47 percent, driven by the disinvestment mandate.Details of NLC India Offer for Sale (OFS) The Government of India officially announced an OFS aimed...

Marsons Ltd Secures Order Worth Over ₹9 Crore from West Bengal State Electricity Transmission Company Marsons Ltd has secured a significant contract for repairing, inspecting, and testing power transformers from the West Bengal State Electricity Transmission Company Ltd. The order is valued at ₹ 9,48,36,600.00 (including GST).The contract involves specialized services covering the Repairing, Inspection, and Testing of 50MVA, 132/33 KV Power Transformers, including transportation logistics for these assets. The order was awarded by the state utility company.This domestic contract has a stipulated execution period ranging from 6 to 12 months.Key details regarding the contract award are summarized below:Contract...

Ujjivan Small Finance Bank Announces Investor Meeting with Investec - Confluence Ujjivan Small Finance Bank Ltd has scheduled an upcoming Investor/Analyst Meeting. The meeting is set to take place in Chennai and will feature the bank alongside Investec - Confluence.The event, designed for investors and analysts, is scheduled as follows:DateDescriptionModePlaceTimeJune 12, 2026Investec - ConfluenceIn PersonChennai10:00 AM to 4:00 PMThe bank noted that any changes to the meeting schedule may occur due to exigencies on the part of the Bank or the Counterparty. Ujjivan Small Finance Bank also confirmed that no unpublished price sensitive information will be shared during this meeting.UJJIVANSFB Stock Price Movement Shares of...

Stocks Surge Amid Momentum Drive: Aster DM Health, Federal Bank Hit 52-Week Highs as Technical Breakouts Power Rally Despite a market operating without fresh company-specific catalysts, several stocks generated intense momentum trading on June 9. These moves were driven purely by technical strength, sustained buying interest, and impressive price action across various sectors. The day highlighted the power of pure fundamental technical resilience in the equity markets.##Momentum Drivers Power Stock GainsStrong upward momentum was evident among select stocks that are now comfortably trading above their key moving averages. Such a positioning suggests a positive near-term trend for these specific equities, as buyers remain active on...

Panacea Biotec Surges as DengiVaccine Project Ignites Biotech Stocks; NLC India Slides on OFS News Biotechnology and Infrastructure Boost Stock Markets Several specific corporate developments continued to drive stock market activity, with pharmaceutical breakthroughs driving strong rallies while planned divestments prompted concern over select energy stocks. Market participants note that the current environment is heavily influenced by news flow, making company-specific updates crucial drivers of volatility.Shares of Panacea Biotec jumped 8 percent following the announcement of its DENSTAR project. This strategic initiative aims to advance the licensure of their dengue vaccine, DengiAll, specifically for use in sub-Saharan Africa and...

Zepto Files IPO Papers Amid Rapid Quick Commerce Surge; Eternal and Swiggy Shares Rally on Market Dominance Race Shares of quick commerce giants Eternal Ltd (Blinkit) and Swiggy Ltd saw a modest recovery on Tuesday following the filing of updated draft IPO documents by rival Zepto. The filing highlighted aggressive growth across the sector, as competitors race for market share through intense expansion of logistics networks and dark stores. Both major stocks were trading slightly higher after significant declines in the previous session.Eternal stock, which owns Blinkit, traded 0.8 percent higher at Rs 250.3 in early trade. Swiggy shares also edged up 0.06 percent to Rs 241.35. The market focus intensified on the rapid evolution of...

RBI Neutralizes Hedging Risk: FCNR(B) Rates Set for Potential Spike as Banks Capture NRI Dollar Inflows The Reserve Bank of India (RBI) has introduced a strategic move aimed at stabilizing foreign exchange reserves and boosting overseas capital inflows. To attract more Foreign Currency Non-Resident (Bank), or FCNR(B), deposits, the RBI has implemented a concessional swap facility that absorbs banks' hedging costs. This initiative provides Authorized Dealer (AD) banks with crucial margin space to offer enhanced rates to Non-Resident Indian (NRI) depositors.The specialized window is available until September 30, 2026. Under this measure, banks can now utilize the RBI swap facility for new and renewed FCNR(B) deposits ranging from three...