Markets

Simplex Castings Secures 25-Year Solar Power Agreement with Natraj Energy Simplex Castings Limited, a leading precision metallurgy and casting solutions company, has entered into a 25-year Power Purchase Agreement (PPA) with M/s Natraj Energy. The partnership focuses on securing clean energy through a captive solar power project under the LongTerm Open Access (LTOA) mechanism in Chhattisgarh.Under the agreement, Natraj Energy, a renewable energy partnership firm based in Raipur, will develop, own, operate, and maintain a 5.5 MWp gridconnected solar power plant. This facility is designated to supply renewable electricity to Simplex Castings' manufacturing operations at Bhilai and Tedesara through the open-access captive consumption...

Rail Vikas Nigam Limited Secures EPC Contract for Railway Modernization Project valued at Rs 221 Crore Rail Vikas Nigam Limited has secured a contract mandate from the South East Central Railway for a major modernization project spanning the Bilaspur Division. The awarded work involves comprehensive railway infrastructure upgrades, falling under the category of Engineering, Procurement, and Construction (EPC).The project encompasses the replacement of panel Interlocking with Electronic Interlocking across multiple sections. Additionally, the scope includes all necessary indoor and outdoor gears, construction of S&T service buildings, and electrification of S&T service buildings, including associated cabling works. The work is...

Ordinary Shareholders' Meeting Held for Manaksia Coated Metals and Industries on Merger Scheme Manaksia Coated Metals & Industries Limited held an Ordinary Shareholders' Meeting through two-way Video Conferencing (VC)/Other Audio Visual Means (OAVM) on Monday, June 8, 2026. The meeting commenced at 11:00 A.M. (IST) and concluded at 11:31 a.m. (IST).The primary purpose of the meeting was to consider and approve the proposed Scheme of Merger involving Manaksia Coated & Metals Industries Limited and JPA Snacks Private Limited, along with their respective shareholders.During the meeting, which was chaired by Mr. Parikshit Poddar Advocate, various operational aspects related to the proposal were conducted. The Company Secretary reported...

Rajnandini Metal Limited Appoints Pradeep Kumar Verma as Additional Non-Executive Independent Director Rajnandini Metal Limited announced the appointment of Mr. Pradeep Kumar Verma as an Additional Non-Executive Independent Director, effective June 8, 2026. The decision was approved during a Board meeting held on the date specified.The company confirmed that Mr. Verma will serve in this capacity for a term of five years, from June 08, 2026, to June 07, 2031. This appointment is subject to the approval of the members at the ensuing General Meeting.Mr. Pradeep Kumar Verma has been appointed following a recommendation by the Nomination and Remuneration Committee. As an independent director, he will assume the role of Additional...

Shanthi Gears Limited Appoints Sudhir R as Chief Financial Officer Shanthi Gears Limited has announced the appointment of Mr. Sudhir R as its Chief Financial Officer (CFO). The appointment was formalized on June 04, 2026.The company confirmed that Mr. Sudhir R took the position of Chief Financial Officer effective from his date of joining.Shanthi Gears Limited further stated that the official effective date pertaining to the new CFO will be communicated subsequently upon joining.SHANTIGEAR Stock Price Movement Shanthi Gears Limited shares shed slightly today, closing at ₹440.30 after a day of trading in the capital goods sector. The equity finished the session having traded 11,308 shares in the market.

RBI Penalizes Amravati Merchants Bank with ₹50,000 for Violating Director Loan Guidelines The Reserve Bank of India (RBI) has imposed a significant monetary penalty on The Amravati Merchants Sahakari Bank Ltd. regarding non-compliance with regulatory directions. The action underscores the central bank's stringent oversight concerning lending practices to directors and their related interests within financial institutions.RBI Imposes Monetary Penalty on AMSB for Non-Compliance The Reserve Bank of India (RBI) announced a monetary penalty of ₹50,000/- against The Amravati Merchants Sahakari Bank Ltd. in an order dated June 4, 2026. This penalty was levied due to the bank's failure to adhere to specific directions concerning 'Loans and...

Viji Finance Approves Preferential Allotment of Warrants in Private Placement Offer The Board of Directors of Viji Finance Limited, during a meeting held on Monday, June 08, 2026, approved key aspects of its upcoming private placement offer through preferential allotment. The company decided to issue 12,75,00,000 Warrants convertible into equity shares in connection with the offering.The approval covers the Private Placement Offer-cum-Application Letter (Form PAS-4) and Application Form intended for proposed allottees who are non-promoters or other persons. This issuance is set to raise cash through preferential allotment.Key details regarding the Warrants and equity shares conversion were approved by the committee:DetailValue...

RBI Imposes ₹3 Lakh Penalty on Karnal Cooperative Bank for Critical KYC and Risk Management Failures The Reserve Bank of India (RBI) has levied a monetary penalty against The Karnal Central Cooperative Bank Limited, Haryana. This regulatory action addresses significant deficiencies found in the bank's adherence to mandated 'Know Your Customer (KYC)' guidelines.The penalty was officially imposed by the RBI via an order dated June 3, 2026. The fine amounts to ₹ 3 lakh (Rupees Three Lakh only). It is a serious measure taken under the provisions of Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.Deficiencies Found in Bank Operations The penalty follows findings derived from a statutory inspection...

RBI Launches Major Debt Offensive: ₹32,000 Crore in Government Securities Up for Grabs The Reserve Bank of India (RBI) has announced a significant auction for government debt, offering investors two key dated securities totaling a notified amount of ₹32,000 crore. This sale provides institutional and individual investors with opportunities to participate in the secondary market through structured bidding processes conducted by the central bank.The RBI is re-issuing these bonds across various maturity profiles, catering to different investment horizons within the domestic fixed income segment. The successful conclusion of this auction is expected to play a key role in managing liquidity and funding government obligations.Core Auction...

Tax Penalty Imposed on Shree Tirupati Balajee Agro Trading Company Limited Shree Tirupati Balajee Agro Trading Company Limited, a manufacturer of HDPE and PP ovensacks and FIBC/JumboBags, has received an order imposing a penalty from the Income Tax Department regarding alleged under-reporting of income. The company confirmed that the penalty amounts to Rs 4,73,624/- following actions initiated by the Assessment Unit of the Income Tax Department for Assessment Year 2017-18.The Order was received on June 05, 2026. This action, passed under Section 270A of the Income-tax Act, 1961, relates to allegations of income under-reporting by the company.Details concerning the tax action are presented below:AuthorityAssessment Unit, Income...

Sumeet Industries Approves Terms for Right Issue, Allocating Over 16.84 Crore Equity Shares Sumeet Industries Limited has approved the comprehensive terms and conditions related to a proposed Right Issue following its Board of Directors meeting held on June 08, 2026. The resolution detailed the structure and timeline for the issue, designating BSE Limited as the stock exchange for the transaction.The company confirmed that the total number of equity shares available in this Right Issue stands at 16,84,24,218 Nos., aggregating to a value of Rs. 199,75,11,225/- (Rupees One hundred Ninety Nine Crores Seventy Five Lakh Eleven Thousand Two Hundred Twenty Five only).The key financial parameters approved by the Board include the Right...

JNK India Secures Large Order from UAE client for Incinerator Package in Abu Dhabi Project JNK India Limited, formerly known as JNK India Private Limited, has secured a Large* order from an international entity based in the UAE. The contract involves the design, engineering, manufacture, procurement and supply of an Incinerator Package on FCA basis, alongside providing assistance for Erection, Commissioning, and witness of Performance Tests for the TA'ZIZ Salt Project, ADNOC in Abu Dhabi, UAE.The order was awarded by CC7 Emirates Engineering Solutions L.L.C., UAE, as of June 8, 2026. This contract is classified internally as a Large* order, meaning its value falls within the range of ₹ 100 - 300 Cr.According to the details provided...

Panacea Biotec and Consortium Launch DENSTAR Project to Advance Dengue Vaccine Licensure in Sub-Saharan Africa Panacea Biotec Limited has partnered with a global consortium to launch the DENSTAR project, a significant four-year initiative aimed at advancing the licensure and facilitating the global use of its tetravalent dengue vaccine, DengiAll®, specifically within sub-Saharan Africa (sSA). The project officially commenced on June 1, 2026.The DENSTAR project is designed to reduce the burden of Neglected Tropical Diseases (NTDs), including dengue fever, across Africa by promoting equitable access to effective prevention tools. This initiative is funded under the Global Health European & Developing Countries Clinical Trials...

Deccan Transcon Leasing Limited Approves Proposed Sale of 47.5% Stake in King Star Freight Private Limited Deccan Transcon Leasing Limited has approved a proposed sale and disposal of its investment in King Star Freight Private Limited, an associate company, following the recommendation of its Audit Committee. The decision was finalized by the Board of Directors on June 08, 2026.The transaction involves selling the Company's 47.5% shareholding in King Star Freight Private Limited to M/s King Star Freight Private Limited and Mr. Bejoy Varghese Vallikkunnel. Mr. Vallikkunnel is currently a Director and shareholder of King Star Freight Private Limited, holding 47,500 equity shares constituting the entire 47.5% stake.The proposed...

Crypto Titan Bybit Unleashes IPO Express, Giving Global Retailers Direct Shot at Tokenised SpaceX Shares Global cryptocurrency exchange Bybit has significantly expanded its financial offerings with the launch of IPO Express. This new platform allows eligible retail investors worldwide to participate in tokenised initial public offerings (IPOs) directly through the Bybit app. The inaugural offering on this groundbreaking platform is associated with SpaceX, setting a new standard for how crypto firms are evolving into broader financial service providers.The launch positions Bybit among a select group of centralized exchanges that offer tokenised IPO access at the original offering price. This move reflects a massive industry shift as...

SEBI Appellate Authority Dismisses Appeal Citing Limitations on Data Availability in RTI Matters Regulatory Ruling Affirms Scope of Information Under RTI Act 2005 The Securities and Exchange Board of India (SEBI) Appellate Authority has dismissed an appeal filed by Pavan Bodke, ruling that the refusal to provide specific call log data is compliant with the Right to Information (RTI) Act. The decision reinforces the principle that a public authority is not obligated to collect or collate information if it is not part of its existing records.The matter concerned Mr. Bodke’s appeal against SEBI, which questioned the availability of detailed call logs related to communications with the SEBI Helpline during a specified period. The...

Independent Directors Cease Tenure at Gokul Agro Resources Ltd Gokul Agro Resources Ltd has confirmed that three of its independent directors have completed their second term in the role. Keyoor Madhusudan Bakshi, Pankaj Mangharam Kotak, and Pooja Hemang Khakhi ceased to hold office as Independent Directors of the company with effect from June 8, 2026.The cessation is attributed to the completion of their second and final terms as Independent Directors (Non-Executive). These directors held positions dating back to previous appointments, concluding their tenure on this date.Gokul Agro Resources Ltd also confirmed that Mr. Pankaj Mangharam Kotak has ceased to be a Director of Riya Internation Pte. Ltd., a material subsidiary of the...

JSW Energy Commissions Wind Blade Manufacturing Plant in Gujarat, Strengthening Supply Chain JSW Energy Limited has successfully commissioned its wind blade manufacturing plant at Halol, Gujarat. This step marks a significant move toward vertically integrating its wind energy value chain and enhancing supply chain resilience within the company’s operations.The commissioning of the facility supports JSW Energy's future growth plans for renewable power generation. The fully operational Halol plant has an annual production capacity of up to 450 wind blades, which is equivalent to 600 MW of wind projects. These plants are designed to manufacture 82-meter wind blades compatible with 4 MW Wind Turbine Generators.This in house...

Susan Electricals IPO Set to Surge as Cables Maker Seeks Major Expansion Capital Cables and wires manufacturer Susan Electricals India is gearing up for a significant market debut. The company has announced its maiden public issue, scheduled to open on June 11. This Initial Public Offering (IPO) presents investors with an opportunity to participate in a growing player within the electrical component manufacturing sector.IPO Details and Financial Scope The IPO features a price band set between Rs 120 and Rs 127 per share. Susan Electricals is aiming to raise a substantial amount of Rs 70.4 crore through this public offering, which consists of 55.42 lakh equity shares at the upper price band.The structure of the IPO includes a fresh...

BHAVYA Portal Surges Investment Push: Government Unveils Massive Plan for 100 Industrial Parks In a landmark move to revolutionize India's industrial landscape, the Ministry of Commerce & Industry, through Union Minister Shri Piyush Goyal, today launched the dedicated BHAVYA Portal in New Delhi. This digital initiative is central to the Bharat Audyogik Vikas Yojana (BHAVYA) Scheme, setting out an ambitious plan to develop 100 investment-ready, world-class industrial parks across the nation over six years.The launch marks a critical transition point for economic development, translating policy commitments into actionable infrastructure blueprints designed to attract substantial domestic and foreign capital. The scheme is positioned as...