Markets

Promoters Acquire Shares in Emami Realty Through Inter-Se Transfer Promoter and Promoter Group entities are undertaking a proposed inter-se transfer of equity shares in Emami Realty Limited. This transaction is scheduled for execution on or after June 9, 2026.The acquisition involves various members of the promoter group acquiring shares from specified individuals. The total proposed acquisition amounts to 1.7077% of the target company's share capital.The acquirers in this process include Diwakar Finvest Pvt Ltd and a list of Agarwal and Goenka family members, alongside Emami Realty Limited itself. These entities are acquiring shares from Suraj Finvest Pvt Ltd and several individuals listed as transferors. The acquisition is slated...

PBM Polytex Announces Complete Manufacturing Shutdown Due to Illegal Sit-Down Strike at Unit PBM Polytex Ltd. has reported a significant operational disruption after workers at its 'BLP Super Spinners' unit resorted to an illegal sit-down strike.The company stated that manufacturing operations have been completely shut down since the night of June 02, 2026. This incident involves the workforce at the specific unit, leading to a full halt in production.Stock Price Movement Shares of PBM Polytex Ltd. settled on Tuesday at ₹57.00, registering a healthy 5.26% gain. The stock experienced volatility throughout the day, trading between an intraday low of ₹55.00 and a high of ₹60.99.

Antara Launches Integrative Medicine Clinic in Gurugram to Combat Chronic Conditions Among Seniors Antara Senior Care, a wholly owned subsidiary of Max India Ltd., has inaugurated an integrative medicine clinic in Gurugram. The facility is designed to provide holistic care for seniors managing chronic conditions, representing a significant expansion in the senior wellness sector in India.The Antara Integrated Wellness Clinic (AIWC), located in DLF Phase 2, Gurugram, brings evidence-based integrative medicine into Antara’s continuum of care. This multidisciplinary approach focuses on personalized care plans that look at the whole person rather than just treating symptoms. Integrative medicine is defined globally as an...

SEBI issues administrative warning regarding investor complaint in ICICI Prudential Strategic Alpha Fund ICICI Prudential Asset Management Company Limited has been issued an administrative warning by the Securities and Exchange Board of India (SEBI) concerning a procedural matter related to one of its alternative investment funds (AIF). The warning stemmed from an investor complaint directed at the company's management.The regulatory action concerns the ICICI Prudential Strategic Alpha Fund, which is managed by the company under SEBI Alternative Investment Funds Regulations, 2012.Details regarding the interaction with the regulator were noted on June 2, 2026. According to the relevant details provided, SEBI observed a procedural...

NATCO and Lupin Achieve U.S. FDA Approval for Eribulin Mesylate Injection Hyderabad, India (June 3, 2026): Natco Pharma Limited ("NATCO") and its alliance partner Lupin Limited announced that they have received approval from the United States Food and Drug Administration (U.S FDA) for NATCO's Abbreviated New Drug Application (ANDA) concerning Eribulin Mesylate Injection, 1 mg/2ml (0.5 mg/ml) Single-Dose Vials.This development marks a significant milestone in the pharmaceutical sector as it relates to the treatment of specific cancers. The approved injection is bioequivalent to the reference listed drug (RLD) Halaven® Injection manufactured by Eisai, Inc.The indication for Eribulin Mesylate Injection covers adults with metastatic...

Acquirers Launch Open Offer for Sanginita Chemicals Limited at Rs 13.55 Per Share Sanginita Chemicals Limited has initiated an Open Offer, inviting public shareholders to sell their equity shares to B N G Investment LLC and Mr. Anubhav Agarwal. The offer sets the maximum acquisition quantity at up to 15,689,957 fully paid-up Equity Shares, representing 26.00% of the company's Emerging Fully Diluted Voting Equity Share Capital.The Open Offer is being made by B N G Investment LLC (Acquirer 1) and Mr. Anubhav Agarwal (Acquirer 2). This mandatory offer follows a larger transaction structured under a Share Swap and Share Purchase Agreement (SSSPA) dated March 20, 2026, which involves the acquisition of shares from existing promoters and...

Edelweiss Ramps Up Mining Exposure with Nifty Metal ETF Launch, Targeting Sector Giants Edelweiss Asset Management Limited (EAML) has launched the Edelweiss Nifty Metal ETF, an Exchange Traded Fund (ETF) designed for investors seeking direct exposure to the metals sector. This new scheme aims to replicate and track the performance of the Nifty Metal Total Return Index. The ETF targets long-term capital appreciation, offering a specialized investment route into one of India's foundational industrial segments.The product is backed by Edelweiss Financial Services Limited as the Sponsor and Edelweiss Mutual Fund as the operating entity. The fund’s primary commitment is to mirror the index performance, with all investments being committed...

Landsmill Green Ltd Announces Audited Results and Unqualified Audit Report for FY2026 Landsmill Green Limited, formerly known as Excel Realty N Infra Limited, has announced the approval of its audited Standalone and Consolidated Financial Results for the financial year ended March 31, 2026. The company confirmed that its Statutory Auditors have issued an unmodified opinion on both sets of financial results, concluding that the statements give a true and fair view in conformity with applicable accounting principles.The company also declared that the trading window for dealing in securities of Landsmill Green Ltd would be opened from Friday, May 29, 2026 onwards, pursuant to relevant regulations regarding insider trading.Financial...

Lupin and Natco Receive FDA Approval for Eribulin Mesylate Injection Global pharmaceutical major Lupin Limited, in partnership with alliance partner Natco Pharma Limited, announced that they have received approval from the United States Food and Drug Administration (U.S. FDA). The approval pertains to Natco's Abbreviated New Drug Application (ANDA) for Eribulin Mesylate Injection, 1 mg/2 mL (0.5 mg/mL) Single-Dose Vials.The approved product is the bioequivalent of Eisai, Inc.'s reference listed drug (RLD), Halaven® Injection. This medication is designed for treating specific conditions in advanced cancer patients.Eribulin Mesylate Injection has been indicated for the treatment of adults suffering from metastatic breast cancer. These...

Gujarat Pollution Control Board Grants Permanent Revocation of Closure Directions for Piramal Pharma's Dahej Site Piramal Pharma Ltd has announced that it has received an order from the Gujarat Pollution Control Board (GPCB) granting a permanent revocation of closure directions regarding its plant located at Plot No. D-2/11/A/1, GIDC Dahej in Gujarat.The reversal follows previous communications concerning orders issued under Section 33A of the Water (Prevention and Control of Pollution) Act, 1974 by the GPCB. These previous communications related to the plant situated at the Dahej Site, which is located in Taluka Vagra, District Bharuch.Piramal Pharma confirmed that it has now obtained the permanent revocation order from the GPCB...

Power Mech Projects Secures ₹266.26 Crore Order for Operations and Maintenance Services from Adani Group Power Mech Projects Limited has secured a significant contract from Adani Infrastructure Management Services Limited (Adani Group) to provide operations and maintenance services for a major thermal power plant. The agreement values the order at ₹ 266.26 Crores (all taxes and duties excluding Goods and Services Tax).The order involves providing a KPI based Contract for Operations and Maintenance services at the 2x300MW Thermal Power Plant located in Butibori, Maharashtra, India. Adani Infrastructure Management Services Limited is the entity awarding the contract.The terms of the awarded contract include specific details regarding...

Transworld Shipping Lines Completes Sale of M.V. SSL Godavari Vessel Transworld Shipping Lines Limited, formerly known as Shreyas Shipping & Logistics Ltd, has completed the sale of its vessel, M.V. SSL Godavari. The transaction was finalized on June 2, 2026.The vessel was sold to Avana Logistek Limited. The sale was successfully concluded following the execution of the Protocol of Delivery and Acceptance between the buyer and the seller. The handover of the vessel took place at Mundra Anchorage in India.TRANSWORLD Stock Price Movement As of 11:00 AM, shares of TRANSWORLD SHIPPING LINES LIMITED are shedding 1.30% in live trading, currently valued at ₹162.51 as they slip down by ₹2.14. The stock has seen a muted day, with 2,611...

Ministry of Finance Imposes Countervailing Duty on Solar Glass Imports from Malaysia for Five Years The Ministry of Finance (Department of Revenue) has recommended the continued imposition of a definitive countervailing duty (CVD) on imports of solar glass (Textured Tempered Glass) originating from or exported from Malaysia. This measure is set to be enforced for a period of five years, commencing from the date of publication of the notification issued by the Central Government dated June 02, 2026.The imposition follows findings that indicated that the cessation of CVD was likely to result in the continuation or recurrence of subsidization and potential injury to domestic industry. The Countervailing Duty targets specific glass goods...

Promoter Acquires Equity Shares in Cupid Ltd during Open Market Purchase Aditya Kumar Halwasiya has acquired equity shares of Cupid Limited in an open market purchase, increasing his stake in the company. The acquisition transaction took place on Tuesday, June 2, 2026.The promoter entity conducted the share purchase through the open market mechanism. Details regarding the acquisition and prior holdings were recorded against the target company's total voting capital of Rs. 134,46,60,700.As per the transaction details released for Cupid Limited, the specific acquisitions include:CategoryShares Acquired (Aditya Kumar Halwasiya)Percentage IncreaseEquity Shares2,600,0000.19%This purchase was made against the backdrop of...

Rudrabhishek Infosystem Secures BIM Consultancy Contract in Tunisia Worth 68.5 Lacs Rudrabhishek Infosystem Private Limited (RIPL), a wholly owned subsidiary of Rudrabhishek Enterprises Limited (REPL), has secured a contract for Building Information Modelling (BIM) and Mechanical Design consultancy. The project is located in Choutrana, Tunisia, and the order was awarded by Pabsch Engineering India Pvt. Ltd., a subsidiary of Pabsch Ingenieure GmbH, a German engineering design consultancy company.This engagement marks the debut international project experience for Rudrabhishek Infosystem Pvt. Ltd. within the BIM consultancy segment. The contract significantly expands the company's BIM portfolio, positioning it firmly within the...

CleanMax and Gujarat Alkalies Partner to Drive Industrial Decarbonisation in Gujarat Gujarat Alkalies and Chemicals Limited (GACL), a leading chlor-alkali company, has partnered with Clean Max Enviro Energy Solutions Limited (CleanMax) to secure hybrid renewable energy for its manufacturing operations in Gujarat. This strategic collaboration aims to transition GACL’s Dahej and Vadodara units toward cleaner industrial practices.The project involves supplying 75.90 MW of wind capacity and 84.34 MWp of solar capacity. Under the group captive structure, 100% of the power generated from these renewable facilities will be utilized exclusively by GACL to support its commitment to sustainable operations and achieving net-zero carbon...

Competent Authority Approves Three-Month Extension of Additional Charge for Engineers India Ltd Chief Executive The Ministry of Petroleum & Natural Gas has approved the extension of the additional charge relating to the post of Chairman and Managing Director of Engineers India Limited (EIL). This approval extends the role assigned to Shri Praveen M. Khanooja, who currently serves as Additional Secretary at the Ministry of Petroleum & Natural Gas (MoPNG).The Competent Authority’s decision allows for the continuation of the additional charge for a period of three months. The extension is effective from June 01, 2026.As per the notification by the Ministry of Petroleum and Natural Gas dated June 02, 2026, the position of Shri Praveen...

Novelix Pharmaceuticals Announces Preferential Allotment Following Warrant Conversion Novelix Pharmaceuticals Ltd has disclosed the allotment of equity shares consequent to the conversion of warrants during a preferential allotment that took place on May 29, 2026. The transaction involved members of the promoter group acquiring new shares.The acquisition was made by Gattu Gnana Prakash, Arati Gattu, and Neha Gattu, who received various quantities of equity shares in Novelix Pharmaceuticals Ltd through the conversion process.Details regarding the allotment and the status of the acquirers are provided below:Promoter NameShares Allotted (Warrant Conversion)Gattu Gnana Prakash50,000 Equity SharesArati Gattu100,000 Equity...

Veeram Barter Acquires Shares in Gautam Gems Limited, Increasing Holding to 12.74% Veeram Barter Private Limited, acting with Veeram Vendors Private Limited (PAC), has acquired shares of Gautam Gems Limited through an off-market transaction. The acquisition significantly increased the combined holding of the acquirers in the target company.The acquiring entities procured 50,00,000 equity shares of Gautam Gems Ltd on May 28, 2026. This purchase represented a 10.84% stake relative to the total diluted share or voting capital of Gautam Gems Limited at the time of the transaction.Prior to this acquisition, Veeram Barter Private Limited and Veeram Vendors Private Limited held 8,76,043 shares carrying voting rights, representing a 1.90%...

RBI Stabilizes Market in 2-Day Repo Auction; Achieves 5.26% Cutoff Rate Amid Limited Demand The Reserve Bank of India (RBI) conducted its two-day Variable Rate Repo (VRR) auction on June 03, 2026. The auction aimed to manage liquidity and stabilize short-term rates in the financial markets.The results indicate that a specific level of interest was met by participating bidders, securing the necessary funds at defined lending parameters. This action contributes to maintaining market stability across key banking institutions.Participation Dynamics and Bids Received The RBI had notified an amount of ₹ 50,000 crore in the two-day VRR auction. This significant figure represents the target liquidity instrument for the day.However, the...