Markets

Precision Electronics Ltd Awarded Order Worth About Rs 37 Crore from Ministry of Home Affairs Precision Electronics Ltd has secured a significant contract worth approximately Rs 37 Crore, awarded by the Ministry of Home Affairs, Government of India. The order pertains to the supply of Surveillance Systems along with necessary accessories and represents a major business development for the company.The contract is domestic in nature and is scheduled to be executed within the current financial year (2026-27). Due to confidentiality and commercial sensitivity regarding national security matters, the specific name of the entity awarding the order could not be disclosed.Precision Electronics Ltd confirmed that there are no interests held...

GMR Power and Urban Infra Sells 26% Stake in Airport Land Venture as Strategic Shift GMR Power and Urban Infra Limited, alongside Shree Naman Developers Private Limited, has agreed to sell its entire stake in Portus Ventures Private Limited (PVPL) to Adani Airport City Limited. The transaction involves the sale of the company's 26% equity stake in PVPL, a joint venture established for land development activities within the Chatrapati Shivaji Maharaj International Airport in Mumbai.The share purchase agreement was executed on June 08, 2026. This divestment marks GMR Power and Urban Infra Limited’s exit from the project, which has recently transitioned into the construction phase. Following the transfer of the entire stake, PVPL will...

Fino Payments Bank Reports May 2026 Performance: Loan Disbursals Jump While Throughput Slows Fino Payments Bank Ltd released its business performance update for May 2026, highlighting robust growth in deposit mobilization and loan referral disbursals, while noting moderation in transaction throughput.The bank's operational snapshot shows significant increases across several customer-facing metrics. The following table details the key highlights of Fino Payments Bank’s business performance comparing May 2026 to May 2025:ParticularsUnitMay '26May '25YoY (%)Accounts OpenedNos.2,93,6002,27,24429%Average Total Deposits₹ Cr2,7622,50910%Digitally Active CustomersLakh62.652.419%FinoPay Active CustomersLakh7.25.922%...

President of India, Acting Through Ministry of Coal, Proposes Offer For Sale of NLC India Limited Equity Shares NLC India Limited has a portion of its equity shares available for public offering through a proposed offer for sale (OFS) by its promoter. The shares are being sold by the President of India, acting through the Ministry of Coal, Government of India.The total offer is structured in two parts: a Base Offer Size and an Oversubscription Option, collectively representing up to 3.00% of the company's paid-up equity share capital.Key Details of the Equity OfferThe details regarding the proposed sale are as follows:MetricDetailSeller/PromoterThe President of India, acting through the Ministry of Coal, Government of India...

Persistent Systems to Absorb MediaAgility India in Internal Restructuring Move Persistent Systems Limited has approved the merger of its Wholly Owned Subsidiary, M/s. MediaAgility India Private Limited, through absorption into the parent company as part of an internal restructuring initiative. The Board of Directors sanctioned the proposal during a meeting held on June 8, 2026.The integration is aimed at achieving entity rationalization and operational efficiency within the corporate group. This merger involves the acquisition of MediaAgility India Private Limited by Persistent Systems Limited.Details regarding the two entities forming part of the amalgamation/merger were reported as follows:EntityPaid up Capital (as of March...

Time Out Market Delhi Franchise Agreement Signed with Quint Digital, Marking Global First Time Out Group plc has announced a binding franchise agreement with Quint Digital Limited, India's leading media-tech company. This deal paves the way for the development and operation of Time Out Market Delhi, representing the first global franchise agreement for a Time Out Market concept.The agreement follows a three-year exclusive option granted to The Quint in May 2025 to explore Time Out Market opportunities within India. Under the partnership, Quint Digital will be responsible for developing, funding, and operating Time Out Market Delhi, adhering strictly to Time Out's globally recognized Market concept and operational standards.The...

Him Teknoforge Ltd Posts Robust Performance in FY26; Consolidated PAT Surges 29.2% on Operational Strength Him Teknoforge Ltd., a key manufacturer of automotive and agri-machinery components, reported a strong performance for the quarter ending March 31, 2026. The company specializes in forged and machined parts for transmission, differential, steering, and suspension applications, supplying OEMs and selling through its Indian aftermarket brand KAG.The consolidated financial results demonstrate steady growth across key metrics, highlighting improvements in profitability and operational efficiency as the company continues to invest in capacity expansion and product diversification.Q4 FY26 Consolidated Financial Overview Him...

SpaceX Faces Long Wait to Join S&P 500 as Index Rules Remain Rigid Amid IPO Anticipation SpaceX's highly anticipated market debut is set against a backdrop of strict index requirements. The S&P Dow Jones Indices have declined to ease regulations for megacap IPOs, thereby delaying the potential inclusion of SpaceX into its prestigious indexes and billions in passive fund inflows.The decision keeps several foundational barriers intact that are crucial for entry. To be included in the S&P 500, a company must meet three primary hurdles: it must trade publicly for at least 12 months, demonstrate profitability under U.S. accounting standards, and hold a free float of no less than 10%.S&P 500 Entry Requirements vs SpaceX's Profile The...

Persistent Systems Ltd Board Approves Key Director Reappointments, Announces Major Internal Restructuring Persistent Systems Limited confirmed several critical approvals following the meeting of its Board of Directors. The company approved the reappointment of four Independent Directors, detailed proposals for internal restructuring involving a subsidiary transfer and a merger, and ratified the Annual Report for the Financial Year 2025-26.The board meetings conducted by Persistent Systems Ltd led to multiple decisions regarding corporate governance and operational streamlining. Key approvals centered on ensuring leadership continuity across various director roles and executing strategic entity rationalization within the group...

Indian Pharmaceutical Sector Poised to Double: Minister Goyal Launches Call for Global Partnerships and Innovation Union Minister of Commerce & Industry Shri Piyush Goyal has issued a major invitation to global pharmaceutical companies, projecting that India's pharma industry could double its size within the next five years. Addressing stakeholders at the Global Ambassador Meet on Pharmaceutical Sector in New Delhi, Mr. Goyal stressed that while affordable medicine remains paramount, India is actively transitioning toward innovation-driven products.Currently valued at approximately $60 billion, the sector represents a crucial component of global healthcare supply chains. The Minister outlined a vision where India serves not just as a...

Persistent Systems Transfers 100% UK Shareholding to Aepona Group in Internal Restructuring Move Persistent Systems Limited has approved a significant organizational restructuring move involving its European operations. The company's Board of Directors determined that achieving entity rationalization and operational efficiency within the group necessitates transferring the entire shareholding of Persistent Systems UK Limited.The transfer entails moving the 100% stake of Persistent Systems UK Limited from Persistent Systems Limited, India, to Aepona Group Limited, Ireland. This transaction is set to take place upon the execution of the Share Purchase Agreement (SPA) in due course.This move impacts the operational structure and...

BRICS Agriculture Delegates Converge in Indore Ahead of Critical Meeting to Secure Future Food Systems Delegates from BRICS Member and Partner Countries concluded an introductory visit to Indore, Madhya Pradesh, ahead of the 16th BRICS Agriculture Ministers' Meeting. The visit, hosted by the Indore Smart City Project and the Indore Municipal Corporation, underscores India's commitment to fostering global agricultural resilience and sustainable development among partner nations.The ministerial meeting is scheduled for June 12-13, 2026, in Indore. This high-level gathering will bring together all Member and Partner Countries to deliberate on critical advancements required in the spheres of food security and sustainable farming...

Aurionpro Solutions Limited to Host Investor Day on June 10, 2026 Aurionpro Solutions Limited has announced that it will be hosting an Investor Day event for all interested stakeholders, including investors and analysts. The event is scheduled for June 10, 2026, at Hotel Trident BKC in Mumbai.The company has extended an invitation to the investment community to attend the specialized session starting from 4:00 PM on specified date.Details regarding the Investor Day include the following logistical information:Company: Aurionpro Solutions Limited Event: Investor Day Date: June 10, 2026 Time: 4:00 PM onwards Venue: Hotel Trident BKC, MumbaiAurionpro has also provided a note regarding the session, advising that no unpublished...

Fertilizers and Chemicals Travancore Limited Director Appointed CMD of Hindustan Copper Limited Shri. Anupam Misra, a director at Fertilizers and Chemicals Travancore Limited (FACT Ltd.), has been appointed as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL).The appointment confirms Mr. Misra's role in HCL, with his duties set to commence from the date he assumes charge in the post on or after July 01, 2026. This assumption of the new position will follow his formal relief from his responsibilities at FACT Ltd.Mr. Anupam Misra currently serves as a Director (Marketing) at The Fertilizers and Chemicals Travancore Limited.FACT Stock Price Movement Fertilizers and Chemicals Travancore Limited saw its shares...

Kalpataru Projects International Limited Faces Tax Demand in Eswatini for Branch Office Kalpataru Projects International Limited (KPIL) has received a tax assessment order concerning its branch office located in the Kingdom of Eswatini. The company is facing a demand for tax and fines from the local revenue authority covering the financial years 2022-23 to 2024-25.The Eswatini Revenue Service (ERS) issued the order, demanding payment due to allegations involving the wrongful addition of offshore supply revenue and the disallowance of certain expenses incurred by the branch during the specified period. The company received intimation regarding the order on June 8, 2026.KPIL stated that it intends to exercise its right to file...

Biocon Ltd to Host Macquarie's Healthcare Tour in Bangalore Biocon Ltd has scheduled an investor event as part of its ongoing engagement with analysts and institutional investors. The Management is participating in a specific group interaction focused on plant visits.The event, titled Macquarie's Healthcare Tour - Plant Visit, is set for June 11, 2026, and will be held in Bangalore.This meeting is scheduled as part of the company’s efforts to interact with analysts and institutional investors.BIOCON Stock Price Movement Today, shares of Biocon Limited shed 1.08%, closing at ₹409.25 after the stock was down by ₹4.45 during trading. The equity traded within a range spanning from a low of ₹405.8 to a high of ₹417.5 as investors...

Promoters Reclassified as Public Following Open Offer Completion in PH Capital Ltd PH Capital Ltd has announced that Mr. Aditya Himmat Bhansali has successfully completed an open offer for its equity shares, leading to the formal re-classification of several existing promoters and promoter groups into the public shareholder category. The transaction involved the acquisition of 7,80,026 fully paid equity shares by Mr. Aditya Himmat Bhansali on June 05, 2026.The open offer marked a shift in company control, with the sellers—the existing promoters—agreeing to cease their status as Promoters and relinquish management control of PH Capital Ltd in favour of the Acquirer (Mr. Aditya Himmat Bhansali). The intent for this re-classification was...

Somany Ceramics Reminds Shareholders on Unclaimed Dividend Payments Somany Ceramics Limited has issued a reminder to shareholders regarding dividends that remain unclaimed or unpaid in the company’s Unpaid Dividend Accounts. The notice specifies the procedure for investors who wish to claim these outstanding payments through the designated Registrar and Share Transfer Agent (RTA).The company highlighted that any amounts transferred to its Unpaid Dividend Account that remain unclaimed can be subject to transfer to the Investor Education and Protection Fund after a specified period. Additionally, shares associated with dividends remaining unpaid for seven consecutive years or more are required to be transferred to the Demat Account of...

Info Edge Appoints Radha Rajappa and Rajesh Magow as Independent Directors Info Edge (India) Limited has appointed Ms. Radha Rajappa and Mr. Rajesh Magow to its Board of Directors as Additional Directors designated as Non-Executive Independent Directors. The appointments are effective from June 9, 2026, and both positions carry a term of five consecutive years, subject to approval by the members at the ensuing Annual General Meeting.The company announced that the appointment decision was made following a Board meeting held on June 8, 2026. Both appointees are confirmed to be independent and hold no relationship with any existing directors of Info Edge (India) Ltd.Profiles of New Directors Ms. Radha Rajappa Ms. Rajappa is described...

Dev Accelerator Limited Settles Litigation with LRS Service Private Limited Dev Accelerator Limited has announced the amicable settlement of a pending litigation matter involving LRS Service Private Limited. The resolution, executed through a Settlement Deed on June 04, 2026, concluded the proceedings before the Commercial Court of Kasna in Gautam Budh Nagar, Uttar Pradesh.The dispute involved a petition filed by LRS Service Private Limited under Section 9 of the Arbitration and Conciliation Act, 1996, as referenced in prior company disclosures. Following the settlement, the petition has been disposed of by the Commercial Court based on non-pressing and settlement terms.Key terms detailed in the Settlement Deed outline mutual...