Markets

Assets Care Invokes Pledge Over Shares of VISA Chrome Ltd Assets Care & Reconstruction Enterprise Limited (ACRE) has invoked a pledge over equity shares of VISA Chrome Limited (formerly known as VISA Steel Limited), following the entity's security for credit facilities. The action was completed on June 05, 2026.The invocation pertains to the shares pledged by Visa International Limited to ACRE. ACRE is acting in its capacity as sole trustee of numerous trusts, including ACRE-32-Trust, ACRE-42-Trust, and others, representing security receipt holders.ACRE has invoked the pledge over 23,787,833 equity shares of VISA Chrome Limited, which were held by Visa International Limited to secure credit facilities for the Target Company. As a...

Navroze Marshall Increases Shareholding in Simmonds Marshall Ltd Through Open Market Purchase Navroze Shiamak Marshall, identified as a Promoter of Simmonds Marshall Limited, has increased his shareholding in the company following an acquisition through the open market. The details of this transaction and the resulting shareholding structure were released regarding the entity listed on the BSE.The acquisition of shares by Mr. Navroze Marshall occurred on June 05, 2026, and was executed via the Open Market mode.Before the acquisition, the holding of Simmonds Marshall Limited’s shares carrying voting rights by the acquirer stood at 47,20,290 shares, representing 42.15% of the total share/voting capital.Following the open market...

Ddev Plastiks Reports Strong FY26 Performance, Targets Exponential Growth Through BESS Market Entry Ddev Plastiks Industries Ltd., a major player in India's polymer compound manufacturing sector, reported significant financial growth in Fiscal Year 2026, driven by increased operational scale and strong market demand. The company solidified its position as one of the nation's leading polymer compound manufacturers while also unveiling ambitious plans for entry into the Battery Energy Storage Systems (BESS) segment.The results reflect a resilient performance amid global macroeconomic turbulence and geopolitical headwinds. Ddev Plastiks achieved 13% year-on-year growth in revenue, with profitability metrics showing sustained improvement...

Nestle India Stock Surges as FMCG Giant Unveils Four-Pronged Growth Strategy for FY26 Shares of Nestle India climbed in Monday’s trading session after the FMCG heavyweight presented a detailed four-point growth roadmap within its financial year 2026 annual report. The stock showed resilience, settling at ₹1,403.10, marking a gain of ₹17.80 or 1.28 percent, and earlier hitting an intraday high of 1.82 percent.The robust market response follows the management’s commitment to strengthening customer centricity across all operations. The company plans major expansions in out-of-home consumption through Nescafe corners while simultaneously driving volume growth by widening its market footprint into new categories.Four Pillars Drive Nestle...

Nine Giants Brace for Ex-Dividend Status: Infosys Leads as Largecap Blue Chips Target Shareholders Nine major largecap stocks are set to transition to ex-dividend status over the coming weeks, providing a significant payout event for investors. This includes IT behemoth Infosys, along with companies like Tata Steel and Punjab National Bank, among others. Shareholders must ensure their holdings qualify before the respective ex-dividend deadlines to receive these announced distributions.Infosys and Banks Lead Payout Cycle Infosys Ltd is set to distribute a final dividend of Rs 25 per share for eligible shareholders. The company fixed the record date and ex-dividend date as June 10, 2026. This payment follows an interim dividend of Rs 23...

Garlon Polyfab Industries Ltd Releases Unaudited Financial Results for Quarter Ended December 31, 2019 Garlon Polyfab Industries Limited has announced its unaudited financial results for the quarter ended December 31, 2019, and for the nine months ended December 31, 2019. These results were approved by the Board of Directors following a meeting held on February 14, 2020.The standalone financial results for both the quarter and the nine months have been reviewed by Statutory Auditors. The company has also conducted reconciliation of Net Profit and Equity as previously reported under Indian GAAP (IGAAP) with Ind-AS for these periods.Financial performance indicators for Garlon Polyfab Industries Ltd. across the reporting periods are...

Carysil Ltd Management to Participate in GIA Flagship Promoters' Conference 2026 Carysil Ltd announced that its management team will be taking part in the GIA Flagship Promoters' Conference 2026. The participation includes both one-on-one meetings and group sessions at the event.The conference is scheduled to take place in Mumbai on June 24, 2026.Details regarding Carysil Ltd's attendance at the GIA Flagship Promoters' Conference 2026 are as follows:Date of MeetingConference NameLocationModeJune 24, 2026GIA Flagship Promoters' Conference 2026MumbaiPhysicalThe company noted that no unpublished price sensitive information will be shared during the meeting.CARYSIL Stock Price Movement As of 2:57 PM, shares of CARSYSIL...

Can Fin Homes Board Approves Debt Raising, New Director Appointment and Management Reappointments Can Fin Homes Limited announced several key decisions following its Board of Directors meeting held on June 08, 2026. The board approved a significant proposal to raise funds through debt instruments, allotted equity shares under an employee stock option scheme, fixed the final dividend, and appointed new personnel across leadership roles.The Board approved the proposal to raise funds by issuing on-shore and/or off-shore debt instruments. These instruments include bonds, non-convertible debentures, Residential Mortgage Backed Securities (RMBS), and Pass Through Certificates (PTC), denominated in Indian or foreign currency. The maximum...

Network 18 Media and Investments Confirms Compliance Following Query Over Trading Volume Spike Network 18 Media & Investments Ltd has addressed inquiries from the stock exchange concerning a significant increase in the volume of its securities across exchanges in recent times.The company confirmed that all necessary disclosures required under the Listing Regulations have been made. Furthermore, Network 18 stated that there is no disclosure that should have been provided under these regulations which has not been completed by the company.The management affirmed awareness of their obligations under the relevant Listing Regulations and pledged to make disclosures in compliance with said regulations moving forward.NETWORK18 Stock...

Garlon Polyfab Industries Ltd Announces Unaudited Financial Results for Quarter Ended December 31, 2017 Garlon Polyfab Industries Ltd has released the unaudited financial results of the company for the quarter ended December 31, 2017. The results were considered and approved by the Board of Directors at a meeting held on January 25, 2018.The standalone financial results of Garlon Polyfab Industries Ltd for the quarter and nine months ending December 31, 2017, have been subjected to a Limited Review Report conducted by Chartered Accountants P. D. Agrawal & Co.Financial Performance Summary The provided data shows key financial metrics across various periods. The figures below represent parts of the operational income, expenses, and...

Carlsberg Prepares for Potential $700 Million IPO as India Market Rally Accelerates Carlsberg A/S is making significant moves toward unlocking value from its burgeoning Indian market. According to sources familiar with the matter, the Danish brewer is preparing to file draft papers for an Initial Public Offering (IPO) of its operations in India as early as this month.The potential listing could raise as much as $700 million. The IPO is expected to be a secondary share sale by the parent company and is targeted to take place later this year, though details regarding timing and structure remain under deliberation.Carlsberg's IPO: Details of the $700 Million Listing Carlsberg has engaged major financial institutions for the proposed...

Videocon Industries Releases Unaudited Financial Results Amid Ongoing CIRP Proceedings Videocon Industries Limited has released its un-audited financial results for the quarter/half year ended September 30, 2024. These results, along with a Limited Review Report, have been prepared by Group Resources under the oversight of the Resolution Professional (RP), Abhijit Guhathakurta, given the ongoing Corporate Insolvency Resolution Process (CIRP) status of the company and its associated group entities.The Company is currently undergoing CIRP as part of a consolidated process involving 13 Videocon Group Entities. The resolution process means that powers of the board of directors stand vested with and are being exercised by the Resolution...

RBI Revives FCNR-B Playbook: Hedging Support Set to Surge Long-Term Foreign Inflows The Reserve Bank of India (RBI) has dramatically bolstered its efforts to attract foreign currency flows by providing complete support for hedging costs related to three-to-five year Foreign Currency Non-Resident Bank (FCNR-B) deposits. This critical measure, announced as part of a set of financial measures on June 5, sees the RBI supporting these hedging costs until September 30, 2026.This move brings back elements of an incentive structure first introduced in 2013 during a period of global volatility. Market participants view this revival as a potent strategy to attract stable, long-term capital into the domestic financial system.What is the New...

RITES Ltd Confirms Stock Volume Movements Are Market Driven RITES Ltd has addressed recent scrutiny regarding the significant movement in the volume of its equity shares, confirming that the volatility is entirely market driven and not related to any company-specific announcements.The Company stated that it possesses no information or pending announcement which bears upon the price or volume behavior of the scrip. RITES emphasized that all requisite information required for disclosure has been provided to Stock Exchanges in a timely manner.In response to observations regarding the stock's performance, RITES confirmed that the movement witnessed in its equity shares is completely market driven.RITES Stock Price Movement As of 2:32...

SpiceJet Amplifies Operational Capacity with A320 Lease and Triumphant Return of 737 MAX SpiceJet has announced a significant strategic move to bolster its fleet strength ahead of the busy travel season. The carrier is set to induct three Airbus A320 aircraft through a damp lease agreement, bolstering capacity planning and operational resilience. Furthermore, SpiceJet has successfully brought a previously grounded Boeing 737 MAX back into commercial service, adding immediate value to its available network.Expanding Fleet with New Airbus A320 Inductions The Gurugram-based airline confirmed on Monday that it has finalized lease agreements for the three Airbus A320 planes. These new additions are scheduled to join the SpiceJet fleet in...

Amalgamated Electricity Company Ltd Reschedules Board Meeting for June 11th Amalgamated Electricity Company Ltd has announced that its previously scheduled Board of Directors meeting has been rescheduled due to unavoidable circumstances. The meeting, which was originally set for today, June 8, 2026, will now take place on Thursday, June 11, 2026.The company confirmed the change in schedule, stating that the meeting planned for June 8, 2026, is cancelled. The rescheduled Board Meeting is set to be held on June 11th at 3:00 pm.Amalgamated Electricity Company Ltd stated that all the agenda items intended for discussion remain unchanged and will be addressed during the newly scheduled session on June 11, 2026.Stock Price Movement As...

EMS Shares Surge 16% After Securing ₹103 Crore Sewer Project in Varanasi EMS shares witnessed a sharp rally after announcing that it has secured the lowest bidder (L-1) status from UP Jal Nigam, Varanasi. The company's stock surged over 16 percent in trade on Monday following the big contract win. This substantial order bag gives EMS strong momentum and bullish impetus moving forward.Massive Turnkey Order Secures EMS Stock Climb The estimated value of the secured order stands at ₹102.85 crore. The project, involving a comprehensive sewer network infrastructure in Varanasi, is set to be executed on a turnkey basis. This contract includes surveying, soil investigation, design, and supplying materials for laying sewer networks.The...

Nifty Metal Plummets: Sector Loses 4th Straight Day Amid US Rate Hike Fears and Commodity Weakness The metals sector experienced a severe downturn on Monday, with the Nifty Metal index plunging for the fourth consecutive session. The index registered a loss of 1.7 percent in afternoon trading, making it the worst-performing sectoral stock on the NSE. Investor sentiment was heavily dampened by concerns surrounding global growth slowdown and the persistent possibility of higher US interest rates.The broad market remained weak, with the Sensex falling more than 600 points. Simultaneously, India VIX, which serves as a key indicator of market fear, rose sharply by nearly 8 percent. Selling pressure was pervasive across the metal stocks...

Fineotex Group Significantly Boosts Manufacturing Capacity in Texas with 150 Million Pound Expansion A major strategic expansion has been announced by Fineotex Chemical Limited's US subsidiary, CrudeChem Technology LLC. The company is substantially increasing its manufacturing capacity at its Texas facility by adding an additional 150 million pounds per annum (MM lbs/year), enhancing its ability to meet the rising demand for specialty chemicals globally.The expansion involves a significant increase in production capability, raising the facility's total output from 200 million pounds per year to 350 million pounds per year. This enhancement is set to strengthen CrudeChem Technology’s standing as a leading provider of specialized...

Rupee Defense Tool Surges Past $110 Billion Mark as RBI Battles Volatility Central Bank's Net-Short Dollar Book Reaches New Record High The Reserve Bank of India (RBI) has seen its net-short dollar book cross a significant milestone, reaching approximately $110 billion to $115 billion across onshore and offshore markets. This metric reflects the extent to which the central bank has sold forward its stockpile of US currency in recent weeks.This surge follows previous movements, with the book having stood at $95.3 billion in April. It had previously peaked at a record high of $103.1 billion during the prior month, as reported by sources familiar with these developments.The RBI ramped up its interventions following a period when the...