Markets

UPI Cross-Border Revolution: India and Cambodia Link Payment Systems, Enabling Millions of Digital Merchant Transactions The Reserve Bank of India (RBI) has significantly accelerated its global digital payment ambitions with the launch of cross-border connectivity between India and Cambodia. This major development empowers travelers and merchants by seamlessly integrating Indian Unified Payments Interface (UPI) capabilities into the Cambodian fast payment ecosystem. The move underscores RBI’s commitment to making international payments cheaper, more efficient, and highly accessible, aligning perfectly with the broader G20 Roadmap objectives for digital finance.Enabling Cross-Border Payments: The Technology Breakthrough On June 02...

QMS Medical Allied Services Gets In-Principle Approval for Stock Migration from SME to Main Board QMS Medical Allied Services Limited has received in-principle approval from the National Stock Exchange of India (NSE). This approval pertains to the migration of trading in the company's equity shares from the SME Platform (EMERGE) to the Main Board.The In-Principle Approval confirms the planned transition of QMS Medical Allied Services’ stock listing, allowing it to move onto the Main Board of the NSE.QMSMEDI Stock Price Movement On Wednesday, shares of QMS Medical Allied Services Limited edged higher, gaining 0.29% to settle at ₹85.25. The stock traded within a band ranging from a low of ₹83.00 to the day high of ₹85.25 amidst a...

NCLT Approves Merger: Kirloskar Ferrous Absorbs Subsidiaries OEPL and AESPL in Scheme of Arrangement The National Company Law Tribunal (NCLT) has approved a Scheme of Arrangement whereby Oliver Engineering Private Limited (OEPL) and Adicca Energy Solutions Private Limited (AESPL) were merged by absorption into Kirloskar Ferrous Industries Limited (KFIL). The order, pronounced on June 2, 2026, allows the transferor companies to merge with KFIL.The transaction involves the consolidation of three entities: OEPL, AESPL, and KFIL. OEPL and AESPL are wholly owned subsidiaries of Kirloskar Ferrous Industries Limited (KFIL), which is being absorbed into itself in this arrangement. The merger aims to consolidate businesses for long-term...

Geekay Wires Limited: Immediate Relative Purchases 25,245 Shares on NSE Market Geekay Wires Limited, erstwhile "GEEKAY WIRES PVT. LTD.," has reported a share transaction involving an immediate relative of its Director and Promoter group.The individual involved in the purchase is Mr. Subhash Chander. The shares were acquired through the NSE market at a value of 5,g2,7!2.The total number of shares purchased by Mr. Subhash Chander amounted to 25,245. This transaction details material event information regarding the company's stock ownership and trading activity.GEEKAYWIRE Stock Price Movement On Wednesday, Geekay Wires Limited shares rallied, settling at ₹23.60 after gaining 2.75% in the market session. The stock saw a traded volume...

Bank of Baroda Representatives Participate in Morgan Stanley India Investment Forum 2026 The representatives of Bank of Baroda participated in the Morgan Stanley India Investment Forum 2026 on June 3, 2026, held in Mumbai. The event commenced at 3:30 p.m.During their interaction at the forum, the representatives confirmed that no Unpublished Price Sensitive Information was shared.BANKBARODA Stock Price Movement On Wednesday, shares of Bank of Baroda gained 1.43% to close at ₹268.85, boosted by a daily increase of ₹3.80. The equity saw vigorous trading, with over 17.90 million shares accounted for during the session.

Jain Irrigation Systems Commissions Industrial-Scale Biochar Facility in Maharashtra Jain Irrigation Systems Ltd. (JISL), a global leader in sustainable agriculture and micro-irrigation systems, has commissioned an advanced industrial-scale biochar facility in Jalgaon, Maharashtra. This project positions JISL as a participant among the world's largest single-unit biochar reactors, focusing on advancing climate-smart agriculture and engineered carbon removal at commercial scale through partnerships with global experts.The new plant features a processing capacity exceeding 50 metric tonnes of agricultural and fruit processing residue daily, with an overall annual capacity of approximately 20,000 tonnes. The Jalgaon facility represents...

Anlon Technology Solutions Limited completes preferential allotment of equity shares Anlon Technology Solutions Limited has successfully completed the preferential allotment of equity shares, increasing the company's issued and paid-up equity share capital. The Board of Directors approved the allocation of 12,54,400 equity shares on a preferential basis for consideration at cash.The successful completion of the transaction resulted in the Company's Issued and Paid-up Equity share Capital rising to Rs. 7,50,98,000, comprising a total of 75,09,800 Equity Shares, each with a face value of Rs. 10.The allotment was made to 30 non-promoter individuals and funds, which includes various investment vehicles. The allotment details are as...

Master Components Limited Receives Purchase Order Worth INR 33,96,000 for Electric Vehicle Equipment Supply Master Components Limited has secured a purchase order from a domestic entity for the supply of Electric Vehicle Supply Equipment. The order is valued at approximately INR 33,96,000, excluding tax.The transaction details provided indicate that the buyer is a domestic company, and Master Components Limited will fulfill the contract by June 28, 2026. A significant term of the agreement specifies payment within 30 days from the date of the purchase order.According to the operational details, the awarded contract is not classified as a related party transaction. Furthermore, there is no disclosed interest for the promoter or the...

Skipper Limited Incorporates Wholly Owned Subsidiary to Expand Global Operations Skipper Limited has incorporated a new wholly owned subsidiary in Abu Dhabi as part of its strategic long-term plan to expand operations beyond India. The newly formed entity is named SKIPPER TRANSMISSION AND DISTRIBUTION - L.L.C - S.P.C. and is dedicated to establishing a global platform for the trading and marketing of Skipper's products.The subsidiary was incorporated on 22.05.2026. This move positions the company to aggressively pursue international markets by creating a dedicated entity focused on specific segments of the equipment trade. The business objectives of the Wholly Owned Subsidiary include wholesale trading in alternative energy equipment...

Atlanta Electricals Ltd Secures ₹285 Crore Order for Power Transformers from PSTCL Atlanta Electricals Limited, a leading manufacturer of power transformers, has secured an order worth approximately ₹285 crore from the Punjab State Transmission Corporation Limited (PSTCL). The contract involves the supply of specialized equipment critical to transmission infrastructure.As per the Letter of Award received from PSTCL, the order includes 23 units of 160 MVA, 220/66 kV Power Transformers. The scope of work also encompasses the Nitrogen Injection Fire Prevention and Extinguishing System (NIFPES) along with optional spares. The aggregate value of the contract is approximately ₹285.15 crore, inclusive of applicable taxes.Mr. Niral Patel...

Krishca Strapping Solutions Reports Resilient FY26 Performance Driven by Capacity Expansion and Strategic Diversification Krishca Strapping Solutions Limited, a major provider of industrial packaging and material solutions, reported financial results for the year ended March 31, 2026. The company demonstrated resilient business performance, supported by improved operational efficiency, strategic investments, and expanding customer relationships.The company’s steady operational performance during FY26 was attributed to enhanced customer engagement, strong execution discipline regarding packaging contracts, and forward-looking investments into future growth platforms.Financial Performance Snapshot Krishca delivered robust financial...

Picturepost Studios Reports Results for Half Year and Full Year Ended March 31, 2026; Audit Concluded Picturepost Studios Limited has released its audited Standalone and Consolidated Financial Results for the half year and the financial year ended March 31, 2026. The company's Board of Directors approved these results following a meeting held on June 3, 2026.The results indicate revenue from operations in the range of 821.58 to 2,034.03 (in Rs. Lakhs) across the periods reported. For the year ended March 31, 2026, total revenue stood at 2,041.76 (Consolidated), while for the half-year period ending March 31, 2026, total revenue was 828.71.The company reported a profit for the period of 59.68 (Standalone) and 83.62 (Consolidated)...

Hero MotoCorp Launches Flex Fuel Ready Splendor+ and HF Deluxe to Boost India's Sustainable Mobility Hero MotoCorp, the world's largest manufacturer of motorcycles and scooters, unveiled its inaugural Flex Fuel vehicles, the Splendor+ and HF Deluxe. This launch marks a significant milestone for India, introducing the country's first Flex Fuel motorcycles in the 100cc segment, supporting the transition toward cleaner and self-reliant mobility.The new range of motorcycles is designed for everyday commuting and are fully compatible with ethanol-blended fuels ranging from E20 to E85. The introduction aims to provide consumers a convenient mobility solution that aligns with India's national goal of reducing economic carbon intensity by 45%...

Power Grid Commissions Major 'Transmission Network Expansion in Gujarat' Project Power Grid Corporation of India Limited has successfully commissioned its major project titled 'Transmission Network Expansion in Gujarat to increase ATC from ISTS, Part-B'. The operational status marks a significant expansion of the grid network.The commissioning of the project commenced effective May 13, 2026. Subsequently, confirmation regarding the Notification for Commercial Operation (DOCO) was received on June 3, 2026.This operational update confirms the successful completion and readiness of the transmission network expansion in Gujarat, enabling increased ATC (Available Transmission Capacity) from ISTS, Part-B.POWERGRID Stock Price Movement...

Medico Remedies Pays Fines Imposed by NSE and BSE Over Compliance Regulation Medico Remedies Limited has settled penalties levied by both the National Stock Exchange of India (NSE) and BSE regarding alleged non-compliance with certain regulations. The company paid the requisite fines on May 25, 2026, following the receipt of penalty notices from the stock exchanges.The regulatory action arose from an alleged non-compliance concerning Regulation 6(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received the relevant SoP Notices from both NSE and BSE on May 20, 2026.Each stock exchange had levied a penalty amounting to Rs. 56,640/-, inclusive of GST. The company successfully cleared the...

Ravindra Energy Launches Rights Issue of Equity Shares Valued Up To ₹ 2,003 Million Ravindra Energy Limited has announced a rights issue of up to 19,832,834 equity shares, offering eligible shareholders the opportunity to subscribe at a premium. The issuance is intended to support the Company's strategic business growth and repayment obligations within its associate company.The Rights Equity Shares have a face value of ₹ 10 each, with an issue price set at ₹ 101 per share, which includes a premium of ₹ 91. The offering aggregates up to ₹ 2,003.12 million (gross proceeds).This rights issue is offered to eligible equity shareholders in the ratio of one Rights Equity Share for every nine fully paid-up Equity Shares held by the...

Happy Square Outsourcing Services Limited Approves FY26 and Half-Year Financial Results Happy Square Outsourcing Services Limited has approved the audited standalone financial results for both the half-year ended March 31, 2026, and the full financial year ending March 31, 2026. The company's statutory auditors, M/s Jyoti Asrani & Associates, have issued an unmodified opinion on these results.The board meeting approved the Financial Results based on the recommendation of the Audit Committee. The audited standalone results provide a comprehensive view of the company’s financial health across operational and balance sheet metrics.Operational and Audit Highlights M/s Jyoti Asrani & Associates, Chartered Accountants (Firm Registration...

Ideaforge Technology Limited Approves Up To ₹5,000 Million Fund Raise Amid Board Meeting Decisions Ideaforge Technology Limited's Board of Directors announced key decisions following a meeting held on Wednesday, June 03, 2026. The board approved the raising of funds for an aggregate amount up to and not exceeding ₹5,000.00 million through various methods and securities.The resolution approved by the directors allows the company to raise funds by issuing any instrument or security for cash. This includes equity shares, preference shares, fully or partially convertible debentures, non-convertible debentures along with warrants, other equity based securities, or any combination thereof.The fundraising can be executed through one or...

Nestlé India Representatives Participate in Citi India Conference 2026 Nestle India Limited confirmed that its representatives participated in the Citi India Conference 2026 in Mumbai on June 3, 2026.The participation details include a conference mode of engagement and focused on industry discussions. The company reported that no unpublished price sensitive information was shared during this meeting.ParticularsDateLocationModeType of MeetCiti India Conference 20263rd June 2026MumbaiPhysicalConferenceNESTLEIND Stock Price Movement Nestle India Limited shares slipped by 0.83% on Wednesday, settling at ₹1391.5 in trading. The stock traded within a range that spanned from a low of ₹1385.3 to a high of ₹1417.2, with total volume...

Atlanta Electricals Limited Secures Order from PSTCL for Supply of Power Transformers Atlanta Electricals Limited has secured a Letter of Award (LOA) from Punjab State Transmission Corporation Limited (PSTCL). The order involves the supply of 23 units of 160 MVA, 220/66 kV Power Transformers along with NIFPES and Optional Spares.The total aggregate value of the order is reported at 285,14,79,253, inclusive of applicable taxes. This contract further strengthens Atlanta Electricals Limited’s presence in Punjab, which remains a strategically important market for the company.The details of the material order value are provided below:ParticularsValue (INR)Power Transformers along with NIFPES2,84,51,12,572Optional...