Markets

Vibhor Steel Tubes Limited Approves Incorporation of Wholly-Owned Subsidiary in Infrastructure Sector Vibhor Steel Tubes Limited, previously known as Vibhor Steel Tubes Private Limited, announced on June 4, 2026, that its Board of Directors approved the incorporation of a wholly-owned subsidiary company named Viyom Steel Infra Private Limited.The move positions the company to expand into specialized steel products manufacturing for the infrastructure sector. The new subsidiary will be based in Hisar, Haryana, and is set up to function as a manufacturer of high-quality steel products exclusively catering to infrastructural needs.Subsidiary's Focus and Operations The business line of Viyom Steel Infra Private Limited includes items...

CMS Info Systems Ltd Schedules Virtual Group Meeting with Analysts and Investors CMS Info Systems Ltd has announced that its authorized officials will participate in a scheduled group meeting with representatives of investors and analysts. The session, organized by Valorem Advisors, is set for June 9, 2026, and will be conducted virtually.The company's participants are expected to engage in discussions based on publicly available information during the event. The details regarding the upcoming interaction are as follows:DateTimeAttendeesMode of MeetingJune 9, 20264:00 P.M. (IST) to 5:00 P.M (IST)Group of investors/ analysts organised by Valorem AdvisorsVirtual ModeCMS Info Systems Ltd has stated that the schedule for the...

Abhinav Leasing & Finance Ltd Appoints Deepanshu Mittal as Company Secretary and Compliance Officer Abhinav Leasing & Finance Ltd has announced the appointment of Mr. Deepanshu Mittal as its Company Secretary and Compliance Officer. The appointment, which became effective from June 04, 2026, was approved by the Board of Directors during a meeting held on that date.The appointment fulfills the requirement for the company to appoint a Company Secretary cum Compliance Officer. Mr. Deepanshu Mittal has been designated to hold this dual role within the organization.According to the details provided, Mr. Deepanshu Mittal is an Associate Member of the Institute of Company Secretaries of India (ICSI). He is described as a commerce graduate...

Designated Persons Acquire Equity Stakes in Knowledge Marine & Engineering Works Ltd Knowledge Marine & Engineering Works Limited (KMEW), a ship builder and marine contractor, reported that its designated persons acquired equity shares on June 3, 2026. The purchases were made by Chief Executive Officer Sujay Kewalramani and Chief Operational Officer Dinesh Kewalramani.The acquisitions represent an increase in the stake held by the senior management within the company. Sujay Kewalramani, who holds the designation of Chief Executive Officer, purchased 108 equity shares at a value of Rs. 1,94,292/-. In addition, Dinesh Kewalramani, serving as Chief Operational Officer, acquired 100 equity shares for Rs. 1,79,393/-.The details of the...

Neetu Yoshi Limited reports robust growth, emphasizing role as critical safety spares supplier to Indian Railways Neetu Yoshi Limited, a metallurgical engineering company, is cementing its position as a key provider of critical safety spares for the railway sector in India. The company manufactures components such as mild steel products, spheroidal graphite iron, cast iron, and manganese steel ranging from 0.2 kg to 500 kg.As an RDSO-certified vendor, Neetu Yoshi supplies over 25 critical safety spare parts to Indian Railways. Its specialized product portfolio includes braking solutions, suspensions, propulsion aids, and coupling attachments. The company adheres to high standards of quality, holding certifications including ISO...

Vibhor Steel Tubes Approves Creation of Wholly Owned Subsidiary for Infrastructure Products Vibhor Steel Tubes Limited has approved the formation of a new wholly owned subsidiary company named Viyom Steel Infra Private Limited. The move is intended to expand the company’s focus into specialized high-quality steel products catering exclusively to the infrastructure sector.The board meeting sanctioned by Vibhor Steel Tubes Limited greenlit the incorporation of the subsidiary under the provisions of the Companies Act 2013. This new entity, Viyom Steel Infra Private Limited, is proposed to be incorporated in Hisar, Haryana, India.The specialized business of the WOS (Wholly Owned Subsidiary) company is defined as manufacturing...

Fire Incident at Reliance Communications Office; IT Systems and Infrastructure Impacted A fire incident occurred at the office premises of Reliance Communications Limited located in Navi Mumbai, impacting certain IT servers and associated infrastructure within the facility.The incident took place on Wednesday, June 03, 2026, at the company's office situated in IDC -2 Block, Dhirubhai Ambani Knowledge City, Koparkhairane, Navi Mumbai. Some of the IT servers of the company are hosted at this premises.Emergency response teams and concerned authorities promptly attended to the fire incident and brought it under control. While the physical damage was sustained, there were no reports of human injuries or casualties resulting from the...

Thangamayil Jewellery Limited Announces Expansion with New Branch Openings in Chennai Thangamayil Jewellery Limited has announced a significant retail expansion initiative, confirming the inauguration of two new branches in the Chennai region. The company is enhancing its market presence by establishing these new outlets in Neelankarai and Pallavaram, Tamil Nadu.The launch ceremony for both new branches is scheduled for June 7, 2026. This move underscores the company's strategy to extend its retail network within South India.THANGAMAYL Stock Price Movement Shares of Thangamayil Jewellery Limited are surging at ₹5159 as of 11:53 AM, climbing 7.59% in live trading to near its multi-year highs. The equity continues its ascent on robust...

RateGain and BoxPay Partner to Revolutionize Travel Payments with RG Pay RateGain Travel Technologies Limited, a global provider of AI-powered SaaS solutions for the travel and hospitality industry, has announced a strategic partnership with BoxPay. The collaboration is aimed at powering RG Pay, RateGain's embedded financial technology platform, which simplifies payments and reconciliation across the complex global travel and hospitality ecosystem.The partnership unites RateGain’s expansive travel and hospitality ecosystem with BoxPay’s specialized expertise in intelligent payment infrastructure. This alliance aims to help travel brands enhance customer conversion and top-of-funnel revenue through optimized checkout experiences and...

Gemstone Investments Converts 3.18 Crores Warrants into Equity Shares in Preferential Allotment Gemstone Investments Ltd has completed a major transaction following its Board of Directors meeting held on June 4, 2026. The company approved and executed the conversion of Convertible Warrants into equity shares, facilitating a preferential allotment to select investors.The Board approval formalized the conversion of 3,18,00,000 (Three Crores Eighteen Lacs) Convertible Warrants into an equivalent number of Equity Shares. This issuance was conducted in accordance with corporate provisions governing the issue of capital. Each warrant was converted into one equity share, each having a face value of ₹1/-.The shares were allotted to...

Global Enterprises Face AI Scaling Crisis: 77% View AI as Board-Level Priority, But Legacy Infrastructure Remains a Hurdle A new study conducted by Tata Communications and Bloomberg Media Studios reveals that while enterprises have widely adopted AI as a critical mandate, many are struggling to scale their investments due to foundational technological debt. The research indicates a significant gap between enterprise ambition for AI and the readiness of underlying systems designed to support intensive data workloads.The report highlights that three in four enterprise leaders (77%) now consider AI a board-level priority. However, the momentum is constrained, as 65% of surveyed companies are still operating on legacy or developing...

Tata Consultancy Services Partners with Nokian Tyres to Drive AI-Led Transformation Tata Consultancy Services (TCS) has announced a strategic partnership with premium tire manufacturer Nokian Tyre PLC to spearhead IT transformation through advanced AI capabilities and modernization. The collaboration aims to strengthen Nokian Tyres' IT operations, accelerate innovation, and achieve sustainable business outcomes by integrating artificial intelligence into core processes.As part of the engagement, TCS will expand its use of artificial intelligence across application management, development, and onsite support services for Nokian Tyres. This AI-led transformation is set to significantly improve efficiency, resilience, and scalability...

Rolex Rings Limited Announces Buyback of Up To 10 Million Equity Shares at ₹180 Per Share Rolex Rings Limited has announced a proposal to buy back up to ten million fully paid-up equity shares through a tender offer route. The Company determined the maximum offer size based on its financial parameters, setting the price at ₹180.00 per share for an aggregate consideration not exceeding ₹1,800.00 million.The board of directors and shareholders approved the buyback via resolutions dated April 23, 2026, and May 31, 2026. The Company published a Public Announcement on June 03, 2026, with the tender offer commencing on June 04, 2026.Key Details of the Buyback Offer The buyback initiative is intended to return surplus funds to its equity...

Ravi Janarthanan Resigns from Magellanic Cloud Ltd Board of Directors Magellanic Cloud Ltd has announced that Mr. Ravi Janarthanan, an Additional Non-Executive, Non-Independent Director, has tendered his resignation from the company's Board of Directors.The change in directorship is effective from June 03, 2026. The resignation was stated to be due to personal reasons and other preoccupations, according to the company.Magellanic Cloud Ltd noted that Mr. Janarthanan’s departure would mark his cessation as a director of the company. The Board of Directors and management expressed sincere appreciation for the valuable guidance, contribution, and support provided by Mr. Ravi Janarthanan during his tenure with Magellanic Cloud Limited...

Gala Precision Engineering Reports FY26 Results; Revenue Reaches 3,143 Mn INR Gala Precision Engineering Ltd., a established manufacturer of precision components, reported significant operational and financial figures for the fiscal year ending June 2026. The company maintains a diverse portfolio across its specialized product lines and continues to expand its global footprint in sectors including Renewable Energy, Mobility, and Industrial applications.The corporation boasts over 30 years of operations and services more than 175 customers globally, exporting to more than 25 countries. Gala Precision Engineering is a leading manufacturer of Special Fastening Solutions (SFS) such as Studs, Anchor Bolts, Cross Bolts, Hex Bolts, Nuts...

Titan Company Limited to Host Institutional Investors and Analyst Meet on June 4, 2026 Titan Company Limited has provided details regarding its upcoming 'Institutional Investors & Analyst Meet 2026.' The conference is scheduled for June 4, 2026, beginning at 8:30 AM IST.The meet allows institutional investors and analysts to access the event through a dedicated webcast link. Details related to accessing the live stream of the conference are available online.Those interested in the meeting details can visit the company website or use the provided specialized platform for the webcast access. The information regarding the Institutional Investors & Analyst Meet 2026 is also available on the Titan Company Limited official website.TITAN...

Ramco Cements Resolves Excise Duty Dispute on Bagged Cement Levies The Ramco Cements Ltd has announced the resolution of litigation concerning the disputed levy of Excise Duty based on MRP for bagged cement.The company confirmed that the matter pending before the Original Authority, which involved a disputed Excise Duty levy amounting to Rs. 1.60 crores, was dropped via an Order dated June 3, 2026. The resolution signifies the conclusion of this specific tax dispute related to the production and sale of bagged cement.The outcome addresses one point raised in the company's previous disclosures regarding ongoing material litigations. With regard to its disclosure made on August 14, 2023, Ramco Cements stated that there are currently...

Magellanic Cloud Announces Resignation of Additional Director Ravi Janarthanan Magellanic Cloud Ltd has announced the resignation of Mr. Ravi Janarthanan from his position as an Additional Non-Executive, Non-Independent Director of the company.Mr. Janarthanan tendered his resignation, effective June 03, 2026. He cited personal reasons and other pre-occupations as the reason for ceasing the directorship.The Board of Directors and management noted their appreciation for Mr. Ravi Janarthanan's guidance and support during his tenure with Magellanic Cloud Ltd.Key details regarding the Director's resignation are summarized below:ParticularsDetailsName of DirectorRavi JanarthananDirector Identification Number (DIN)02368598...

Aurum Real Estate Developers Sells Equity Shares of Shriram Properties Ltd Aurum Real Estate Developers Limited has disposed of equity shares of Shriram Properties Ltd in a market sale transaction completed on June 2, 2026. The sale resulted in a slight reduction of its stake in the company.The disposal took place over a period spanning from May 29 to June 2, 2026, and was conducted through a market sale. Prior to the transaction, Aurum Real Estate Developers Limited held 2,26,48,862 equity shares of Shriram Properties Ltd, which constituted 13.27% of the shareholding.Following the transaction, Aurum's holding stood at 2,25,48,862 shares, reflecting a shareholding percentage of 13.21%. The sale involved a value of 89,89,906 for...

TVS Supply Chain Solutions Partners with ALA Group to Build Aerospace and Defence Platform in India Chennai | June 4, 2026TVS Supply Chain Solutions Limited (TVS SCS), a major global supply chain provider, announced the formation of a strategic joint venture (JV) with ALA Group, an Italy-based aerospace and defence supply-chain integrator. The partnership is aimed at capitalizing on significant growth opportunities within India's rapidly expanding aerospace and defense sectors.TVS SCS will hold a 51% stake in the new JV, while ALA Group will account for the remaining 49%. This collaboration aims to establish a scalable platform dedicated to serving both the Indian aerospace and defence markets.The joint venture will focus on...