Markets

DevX Expands Bengaluru Presence, Acquires 1.11 Lakh Sq Ft in Partnership with Prestige Group Dev Accelerator Limited, one of India's fast-growing premium managed workspace providers, has significantly scaled up its operations in Bengaluru through a strategic partnership with the Prestige Group. The acquisition involves two premium Grade A+ office assets on the Outer Ring Road (ORR), adding over 1,200 seats and totaling 1.11 lakh square feet to DevX's portfolio.This major expansion is expected to generate approximately ₹2.2 crore in monthly revenue for Dev Accelerator Limited.The company has secured two key developments: Prestige Lakeshore Drive and the Prestige Featherlite Tech Hub. These assets cater to the high demand for...

Rupee Plunges 56 Paise as Geopolitical Tensions and Oil Spike Pressurize Currency Markets The Indian Rupee depreciated significantly, settling at 95.74 (provisional) against the US Dollar on Monday. This decline, amounting to 56 paise from its previous close, was primarily driven by heightened geopolitical tensions and a sharp surge in crude oil prices.Forex traders noted that the USD/INR pair nullified the gains seen during the previous trading session due to increased risk aversion across global markets. A combination of rising oil prices and strengthening dollar sentiment significantly dented investor confidence.Foreign Exchange Market Dynamics and Analyst Views At the interbank foreign exchange market, the rupee opened at 95.35...

Anupam Misra Appointed Chairman and Managing Director of Hindustan Copper Limited The Ministry of Mines, Government of India has officially appointed Shri Anupam Misra as the Chairman and Managing Director (CMD) of Hindustan Copper Limited (HCL). The appointment is effective from the date of his assumption of charge, provided it is on or after July 01, 2026.Shri Anupam Misra holds the position of Director (Marketing) at Fertilisers and Chemicals Travancore Limited (FACT Ltd.).The decision was conveyed by the Ministry of Mines, Government of India, confirming his appointment in accordance with Article 70(1) of the Articles of Association of Hindustan Copper Limited, a Miniratna CPSE operating under the Ministry of Mines.According...

Shanti Gold International Ltd Commences Commercial Production at Expanded Mumbai Facility Shanti Gold International Limited, a prominent gold jewelry manufacturer in India, has commenced commercial production at its newly expanded manufacturing facility located in Marol, Andheri East, Mumbai, as of June 08, 2026. The successful completion of the capacity expansion project strengthens the company's position to service existing clients and pursue new strategic partnerships across both domestic and international organized jewelry retail markets.The expansion adds approximately 4,000 kgs per annum to the company's manufacturing capacity. The facility is located at Ground to 3rd Floor, Plot No. 1, Compartment No. 5, Concast House, Marol...

India's Trade Deficit Surges as Services Boom Mitigates Headwinds in Q4 BoP Preliminary data released by the Reserve Bank of India (RBI) paints a mixed picture of India’s balance of payments (BoP) for the fourth quarter (Q4) of 2025-26 (January-March). While services exports demonstrate strong growth, bolstering net service receipts, merchandise trade deficit widened, contributing to a slowdown in overall current account performance.Current Account Performance and Global Trends In Q4:2025-26, India recorded a current account surplus of US$ 7.1 billion, which stood at 0.7 per cent of GDP. This figure contrasts with the surplus registered in Q4:2024-25 at US$ 13.7 billion (1.4 per cent of GDP).The goods trade balance saw a decline...

SML Mahindra Reports Commercial Vehicle Production and Sales Figures for May SML Mahindra Limited has released its operational figures detailing production, sales, and export performance of commercial vehicles for the month of May 2026. The company provided a comparative overview of these metrics against those recorded in May 2025.The data highlights the production, sales, and international shipments across various categories within the commercial vehicle segment.Key operational statistics for commercial vehicles are presented below:ParticularsProduction (May 2025)Production (May 2026)Sales (May 2025)Sales (May 2026)Export (May 2025)Export (May 2026)Commercial vehicles16181729150316784089SMLMAH Stock Price Movement Shares...

Rajesh Dulhani Appointed Chairman of Saraswati Saree Depot Limited as Board Approves Director Changes Saraswati Saree Depot Limited has approved several significant changes concerning its Board of Directors, including the appointment of Mr. Rajesh Dulhani as Chairman and the re-appointment of two directors, following a board meeting held on June 8, 2026.The company unanimously approved the designation of Mr. Rajesh Dulhani (DIN: 09104989), an Executive Director, as the Chairman of Saraswati Saree Depot Limited. This appointment is effective immediately and follows the resignation of Mr. Shankar Laxmandas Dulhani as Chairman and Executive Director. The appointment marks a change in designation rather than in the composition of the...

ROHL Strengthens Gujarat Presence with Launch of Z by Regenta City Centre, Ahmedabad Bengaluru (June 8, 2026): Royal Orchid Hotels Ltd. (ROHL), operating through its subsidiary Regenta Hotels Private Limited, has announced the launch of Z by Regenta City Centre in Ahmedabad. This new property marks a significant expansion milestone for the group, aiming to cater to business and leisure travelers within India's vibrant commercial and cultural hub.Z by Regenta is Royal Orchid’s contemporary lifestyle brand, specifically designed for Gen Z and millennial travelers. The brand focuses on offering affordable pricing, functional comfort, energetic design, and digital-first conveniences, maintaining the standard of hospitality associated with...

Eris Lifesciences Pays Interest on Outstanding Non-convertible Debentures Eris Lifesciences Ltd has completed the routine interest servicing against its outstanding non-convertible debentures (NCDs). The company made these payments across two series of NCDs on June 8, 2026.The interest payment relates to a record date of May 24, 2026, for both tranches.Interest Payment Details by Debenture Series Eris Lifesciences provided comprehensive details regarding the servicing of interest payments for its outstanding debentures. The transactions are detailed in the following tables:Interest Payments on NCD (ISIN INE406M08029)ParticularsAmount (Rs. In crore)Issue Size625Interest Amount Due54.56Gross Interest Paid54.56Tax...

Parmax Pharma Ltd Increases Authorized Capital and Raises Funds through Preferential Issue Parmax Pharma Ltd has approved a significant increase in its authorized share capital and confirmed a substantial fundraising effort through a preferential issue. The Board of Directors, during a meeting held on June 8, 2026, took multiple resolutions covering corporate structure amendments, the issuance of new articles, and strategic funding initiatives.Capital Expansion and Governance Changes The company's authorized share capital has been increased from ₹6,00,00,000 (Rupees Six Crores Only), representing 60,00,000 equity shares of face value ₹10 each, to ₹10,00,00,000 (Rupees Ten Crore Only). This increase allows for the issuance of...

Nanta Tech Secures Long-Term Robot-as-a-Service Deal with Connplex Cinemas Nanta Tech Limited, a company incorporated in 2023, has signed a Letter of Intent (LOI) with Connplex Cinemas for a long-term Robot-as-a-Service (RaaS) engagement. The deal involves the deployment and operation of 100 Allbotix AT10 Marketing & Delivery Robots across Connplex’s cinema network.Under the established RaaS model, Nanta Tech will act as the managed service provider for the robots. This includes manufacturing, supplying, deploying, and operating the Allbotix AT10 units. Full ownership of all hardware, embedded software, AI models, branding, and underlying intellectual property remains with Nanta Tech Limited. Connplex Cinemas will utilize the services...

HAL Shares Surge on Delivery Timeline Clarity for Tejas Mk1A Jet Programme Hindustan Aeronautics Ltd (HAL) shares experienced a significant rally on Monday following reports suggesting a clearer delivery timeline for the crucial Light Combat Aircraft (LCA) Tejas Mk1A programme. This positive development is bolstering confidence in India's indigenous defence manufacturing capabilities, driving up stock prices across the market.The stock saw strong gains during the session, trading at an indicative closing price of Rs 4,245.70. The share had previously gained as much as 1.61 percent, with the stock maintaining a strong upward trajectory on Monday. This movement underscores the strategic importance of HAL to the nation's defence...

Gold Plummets as Oil Surge Intensifies Inflation Fears, Squeezing Precious Metal Rally The precious metals market witnessed a sharp downturn on Monday, with gold prices dropping significantly amid escalating concerns over global inflation and surging crude oil rates. The decline marks a shift in investor sentiment, moving away from the traditional safe-haven appeal of bullion toward domestic inflationary pressures.Domestic Market Reversal: Gold Slips as Silver Extends Pressure Gold prices experienced a substantial fall, declining by Rs 1,100 to settle at Rs 1,58,800 per 10 grams in the capital. This drop came from Friday's closing price of Rs 1,59,900 per 10 grams.Silver also remained under pressure, with prices falling by Rs 5,000...

Shanthala FMCG Products Limited Reappoints Internal Auditor and Appoints Forensic Investigator Shanthala FMCG Products Limited, at a meeting of its Board of Directors held on June 07, 2026, approved key appointments related to the auditing of the company’s financial affairs. The Board formally reappointed M/s Kalpesh Khatri & Associates as the Internal Auditor and appointed Chaudhary Chaudhary & Co as a Forensic Auditor for the books of accounts.The approval of the Internal Auditor included granting M/s Kalpesh Khatri & Associates, Chartered Accountants (Firm Regn No: 0139570W), a tenure of two consecutive financial years. The appointment commenced from April 1, 2026, and is set to conclude on March 31, 2028.In addition...

Global Yield Spike Forces Reassessment: Why Rising US Bonds Threaten Indian Equity Stocks A sharp ascent in US bond yields is rapidly emerging as a significant risk factor for domestic equities. Higher Treasury yields are intensifying concerns regarding foreign capital flows into Indian markets and adding downward pressure on the rupee. This trend requires keen monitoring from global investors looking at developing economies.The Rise of Global Bond Uncertainty The benchmark 10-year US Treasury yield is currently hovering around 4.51 percent levels. The recent selloff seen across global bonds is attributed to several factors influencing market sentiment. These include persistent sticky inflation in the US and resilient economic growth...

Rajesh Exports Chief Slams LIC Stake, Denies Connection amid Regulatory Scrutiny Rajesh Exports Chairman Rajesh Mehta has vehemently distanced himself and the company's promoters from Life Insurance Corporation (LIC) regarding its substantial investment in the gold jewellery exporter. He clarified that the insurer accumulated its 10.80 per cent stake entirely through stock market purchases spanning nearly two decades.In an interview with PTI, Mehta asserted that LIC’s investment decisions were made autonomously and without any input or involvement from the company management or its promoters. "We don't even know where LIC's office is. We have no contact, no connection," he stated, emphasizing the lack of relationship between the two...

Stanley Lifestyles Elevates Venkataramana Gorti to Managing Director, Reinforcing Growth Strategy in Luxury Home Interiors Market Bengaluru: Stanley Lifestyles Limited, a leading provider of integrated luxury furniture and home solutions in India (BSE: 544202 | NSE: STANLEY), has announced the elevation of Mr. Venkataramana Gorti from Joint Managing Director to Managing Director of the company. This leadership transition is set to mark a significant step in the brand's journey as it focuses on accelerating growth, operational excellence, and expanding its position within the premium and luxury home interiors market.The promotion reinforces Stanley Lifestyles’ commitment to strengthening its leadership capabilities while navigating the...

Kck Industries Limited Approves Incorporation of UAE Subsidiary to Drive International Expansion Kck Industries Limited has announced a significant strategic move following a meeting of its Board of Directors. The company approved the proposal for incorporating a subsidiary in Dubai, United Arab Emirates (UAE).The incorporation is aimed at expanding KCK Industries Limited's business operations into international markets. This development marks a key step toward strengthening the company's global presence and market reach.Following the approval of this initiative, the Board authorized the management of Kck Industries Limited to take all necessary actions required for the successful incorporation and operationalization of the proposed...

Gemstone Investments Ltd Converts 2.98 Crore Warrants into Equity Shares Gemstone Investments Ltd announced that its Board of Directors approved the conversion of 2,98,40,000 Convertible Warrants into an equal number of Equity Shares. The transaction took place during a board meeting held on June 08, 2026.The company's decision followed the approval of the Board and was executed in accordance with applicable regulations concerning issue of capital. The conversion resulted in the allotment of 2,98,40,000 Equity Shares to non-promoters of the company. Each warrant was converted into one equity share of face value ₹1/- at a conversion price of ₹2.50/- per equity share, upon receipt of the full subscription amount.The resulting Equity...

Garlon Polyfab Industries Ltd releases Unaudited Financial Results for Quarter Ended December 31, 2020 Garlon Polyfab Industries Limited has released its unaudited financial results and limited review report for the quarter ended December 31, 2020. These results were considered and approved by the Board of Directors during a meeting held on February 12, 2021.The unaudited financial statement was reviewed by P.D. Agrawal & Co. Chartered Accountants. The review determined that nothing came to the notice of the auditors that caused them to believe that the Statement had not been prepared in all material respects in accordance with Ind AS and other recovery policies, nor that it contained any material misstatement.The financial...