Markets

Persistent Systems to Expand Eastern European Presence to Advance AI-Led Platform Transformation Persistent Systems, a global Digital Engineering and Enterprise Modernization leader, announced an agreement to expand its presence in Eastern Europe. The move involves integrating a specialized team of more than 90 professionals from Concise, a software engineering and IT consulting firm based in Tallinn. This strategic expansion is designed to strengthen Persistent's European nearshore delivery network, helping enterprises evolve large-scale digital infrastructure and support globally integrated operations.The announcement, made on June 1, 2026, outlines Persistent's continued commitment to strengthening its position in the rapidly...

Chartered Capital & Investment Ltd Gains SEBI Approval for Merchant Banking Registration Surrender Chartered Capital & Investment Ltd has received approval from the Securities and Exchange Board of India (SEBI) for the surrender of its Merchant Banking Registration certificate.The company announced that SEBI approved the application for the surrender via an email dated June 01, 2026.The approval follows the company's previous communication regarding the matter, which was originally intimated on April 03, 2026. This confirmation marks the official process of concluding the company's Merchant Banking Registration status.Stock Price Movement As of 11:18, shares of Chartered Capital & Investment Ltd are dipping, trading at ₹246.00...

Asian Granito India Reports Strong Financial Performance with Net Profit Jumping 89.69% in FY26 Ahmedabad, 1 June, 2026: Asian Granito India Limited (AGL), a major Luxury Surfaces and Bathware Solutions brand, has reported a robust financial and operational performance for the fiscal year ended March 31, 2026. The company announced that its consolidated net profit after tax saw a significant surge of 89.69% year-over-year (Y-o-Y), reaching Rs. 18.74 crore.The company's growth trajectory for FY26 was supported by strong market demand, operational efficiency improvements, and an enhanced product mix across domestic markets.Financial Highlights Asian Granito India’s financial performance, when consolidated, shows substantial growth...

TVS Motor Records Sales Milestone of 566,585 Units in May 2026, Driven by 31% Growth Bengaluru, June 1, 2026: TVS Motor Company (TVSM), a major player in the two and three-wheeler market, reported recording monthly sales of 566,585 units in May 2026. This marks a significant achievement, representing a 31% sales growth compared to the 431,275 units recorded in May 2025.The company’s performance across key segments highlights robust growth, particularly in electric vehicles and international business.Segment-Wise Sales Performance TVSM achieved a total two-wheeler sales volume of 543,111 units in May 2026, showing a 31% increase over the 416,166 units sold in May 2025. Within this segment, the Electric Vehicle (EV) market was a major...

Maruti Suzuki Records All-Time High Sales of 242,688 Units in May 2026 New Delhi, June 1, 2026: Maruti Suzuki India Limited announced that in May 2026, the company recorded a total sales volume of 242,688 units, marking its highest monthly sales achievement. Domestic sales also reached an all-time high, totaling 193,535 units.The company's sales breakdown for May 2026 included 7,239 units sold to other Original Equipment Manufacturers (OEMs) and 41,914 units exported.The comprehensive sales figures for May 2026, covering domestic, export, and OEM sales, are detailed below:CategorySub-segment / DetailsMay 2026 (Units)Domestic Sales (Units)Export Sales (Units)Total Sales (Units)Total Sales(Total Domestic +...

VST Tillers Tractors Ltd. Reports Sales Quantities for Period Ended May 2026 VST Tillers Tractors Ltd. announced its sales quantities for the period ended May 2026. The figures provide a comparison of sales for the current period and the corresponding year, detailing both Power Tillers and Tractors sold.The sales data for VST Tillers Tractors Ltd., as of June 1, 2026, is presented below:ParticularsFor May-26 (in Nos.)Year to Date (in Nos.)For May-25 (in Nos.)Year to Date (in Nos.)Power Tillers4019713030475050Tractors453825439756Total Power Tillers & Tractors sales (in Nos)4472795534865806VSTTILLERS Stock Price Movement Shares of V.S.T Tillers Tractors Limited are edging higher to ₹4671.9 as of 11:56 AM today, rallying...

Photon Capital Advisors Ltd Announces Quarterly and Year-to-Date Financial Results for March 31, 2026 Photon Capital Advisors Ltd has released its financial results, reporting the performance for the quarter ended March 31, 2026, along with the year-to-date results for the period beginning April 1, 2025, and ending March 31, 2026. The company's Board of Directors approved these results during a meeting held on May 29, 2026.The audited financial statements for the year ended March 31, 2026, and the audited financial results for the quarter ended March 31, 2026, were approved by the company's Board of Directors.Statement of Financial Results The company's performance metrics, presented in Indian Rupees (in Lakhs), reflect the...

Midland Polymers Ltd Open Offer Details Announced Following Committee of Independent Directors Ad Midland Polymers Ltd announced an Open Offer intended to acquire a significant stake in the company. The Open Offer is structured to acquire up to 97,50,000 equity shares of the company, representing 26.00% of the expanded equity and voting share capital.The offer is being made by five individual entities: Gayathri Boreddy (Acquirer-1), Jagannath Edla (Acquirer-2), Radha Krishna Avudari (Acquirer-3), Mahammad Amaan Shaik (Acquirer-4), and Ravi Kiran Veeramalla (Acquirer-5). These individuals are collectively referred to as the "Acquirers."The key terms of the Open Offer are as follows:ParameterDetailTarget CompanyMidland Polymers...

Cotton Import Duty Exempted: Relief for India's Textile and Yarn Industry Mumbai, June 1, 2026: The Indian textile industry has received a significant boost as the Union Government has exempted raw cotton imports from all customs duty and the Agriculture Infrastructure and Development Cess (AIDC). This relief measure is effective from June 1 through October 31, 2026, addressing a structural cost barrier that previously created disadvantages for domestic manufacturers.The textile and apparel sector is crucial to the nation's economy, contributing 2.3% to the GDP, 13% to industrial production, and 12% to total exports, while employing an estimated 50 million workers. Industry observers note that the duty exemption is expected to reduce...

AstraZeneca Pharma India Announces Departures of Senior Leadership AstraZeneca Pharma India Limited announced the resignation of two senior management personnel who will be pursuing career opportunities outside the company. The departures involve Mr. Ayush Kumar Agarwal and Ms. Shikha Mirchandani Chatrath.Mr. Ayush Kumar Agarwal, who served as Business Unit Director - Biopharmaceutical Business Unit, will conclude his handover period and be relieved of his duties by the close of business hours on June 12, 2026.Separately, Ms. Shikha Mirchandani Chatrath, Director - Commercial Excellence, BD and Strategy, will complete her handover process and exit the organization by the close of business hours on August 3, 2026.The company stated...

Chambal Fertilizers Begins Production of Weak Nitric Acid at Technical Ammonium Nitrate Plant Chambal Fertilizers & Chemicals Limited announced a key operational development regarding its new facility set up for manufacturing Technical Ammonium Nitrate. The company confirmed that production activities have begun at its existing site in Gadepan, District Kota, Rajasthan.The project involves the setup of plants for manufacturing Technical Ammonium Nitrate, alongside a plant dedicated to producing Weak Nitric Acid.The company reported that production of the intermediary product, Weak Nitric Acid (WNA), has commenced. Following this milestone, the production of Ammonium Nitrate Solution (ANS) and prilled High Density Ammonium Nitrate...

East India Drums and Barrels Manufacturing Ltd Secures Significant Additional Order from Hindustan Petroleum Corporation Limited East India Drums and Barrels Manufacturing Ltd has announced the receipt of an additional order for drums from Hindustan Petroleum Corporation Limited (HPCL). This development reinforces the company’s established business relationship with HPCL and speaks to the confidence shown in the company’s manufacturing capabilities and product quality.The additional order pertains to the supply of Drums, with specific details regarding the consignment and value provided:MetricDetailsProductDrumsAdditional Quantity93,750 Nos.Additional Order Value₹ 8,97,16,875/-The additional order significantly...

Authum Investment Pivots to Credit Business, Showcasing Strong Financial Footprint Authum Investment & Infrastructure Ltd is strategically diversifying its core operations, executing a comprehensive shift from a pure-play investment platform to a fully integrated, diversified credit and alternative assets business. This strategic re-pivot aims to establish stable, predictable cash flows alongside its long-standing investment activities.The company's journey highlights a consistent focus on value creation, transitioning from an investment portfolio to a robust credit platform. Authum, a registered NBFC, currently boasts a market capitalization of approximately Rs. 43,000 Cr (as on May 15, 2026) and holds an external rating of A...

Coal India Ltd Releases Provisional Production and Offtake Performance Data for May 2026 Coal India Ltd (CIL) has released its provisional performance data detailing the coal production and offtake of the company and its subsidiary companies for May 2026, along with the cumulative performance for May 2026.The provisional data provides a comprehensive overview of the coal output, comparing the current year's actual figures against the same period last year and showing percentage growth rates.Coal Production Performance The production data, presented in Million Tonnes, highlights the performance metrics for various subsidiaries.Subsidiary CompanyMay'26 (Actual This Year)May'26 (Actual Same Period Last Year)% GrowthApr'26 - May'26...

Coal India Limited Records Executive Director Superannuation Effective June 1, 2026 Coal India Limited announced that Shri Goutam Banerjee, Executive Director (HR), relinquished his charge upon attaining the age of superannuation. The change in senior management took effect on June 1, 2026.The company confirmed that Shri Goutam Banerjee, whose EIS number is 90051384, concluded his tenure as Executive Director (HR) effective from the stated date.The official communication confirming this management change was issued by Coal India Limited.COALINDIA Stock Price Movement Shares of Coal India Limited are edging higher to ₹472.3 as of 11:29 AM today, rallying 3.14% in live trading. The stock is seeing robust intraday activity...

AVG Logistics Submits Applications for Rights Issue of Equity Shares AVG Logistics Limited confirmed the submission of applications by specific investors for its Rights Issue of fully paid-up equity shares. The applications were submitted on the Issue Opening Date, Monday, June 1, 2026.The detailed record of applications submitted by the specific investors reflects transactions involving the renunciation and application for rights entitlement shares.The total share participation details are as follows:Name of Specific Investor (Renouncee)Name of Promoter (Renouncer)Number of REs RenouncedNumber of REs applied by the Specific InvestorSixth Sense India Opportunities IVAsha Gupta13,29,09013,29,090Sixth Sense India...

Siyaram Recycling Industries Secures Rs 95,63,900 Order for Brass Scrap Siyaram Recycling Industries Ltd has secured a noteworthy order for Brass Scrap valued at Rs 95,63,900 from Charbhuja Impex. The transaction details confirm that the order is a fixed cost nature, with the execution required within seven days.The securing of the order marks a key development for the recycling company. Charbhuja Impex is a domestic entity that awarded the contract to Siyaram Recycling Industries Ltd.The transaction does not involve related party dealings, confirming that the entire process is conducted at arm’s length.For a comprehensive overview of the secured contract, the key details are as follows:DetailDescriptionAwarding...

Bajaj Electricals Limited Receives Adverse Appellate Order on GST Input Tax Credit Disallowance Bajaj Electricals Limited has reported receiving an adverse appellate order concerning the disallowance of Goods and Services Tax (GST) Input Tax Credit for the financial year 2020-21.The adverse order, dated May 30, 2026, was issued by the Office of the Joint Commissioner of Commercial Taxes (Appeals)-1 in Bengaluru. The company reported receiving this order on May 31, 2026, noting that the appellate authority dismissed the appeal without considering the submission made by Bajaj Electricals Limited.The original issue related to an assessment order received from the Office of the Deputy Commissioner of Commercial Taxes (Audit)-1.2...

A B Cotspin India Reports Robust FY26 Results, Reflecting 31.40% Growth in Net Profit A B Cotspin India Ltd., a leading textile manufacturer with over 25 years of industry expertise, announced its Audited Standalone and Consolidated financial results for FY26. The company reported a significant 31.40% year-on-year (YoY) growth in Net Profit compared to FY25.The consolidated financial highlights demonstrate the company's operational strength and market resilience.Particulars ( ₹ Cr)FY26FY25YoY ChangeTotal Revenue301.67300.91UP by 0.25 %EBITDA42.4132.87UP by 29.04%EBITDA Margin (%)14.06%10.92%UP by 314 BPSNet Profit13.3510.16UP by 31.40 %NPM (%)4.43%3.38%UP by 105 BPSDiluted EPS ( ₹ )5.968.21Down by 27.41 %...

AJC Jewel Manufacturers Ltd Reports 173.62% Year-Over-Year Growth in Net Profit for FY26 MALAPPURAM, Kerala - June 01, 2026 - AJC Jewel Manufacturers Ltd., an integrated B2B jewellery manufacturing and technology platform, announced its audited financial results for the second half and full year of FY26.The company demonstrated significant financial growth, with its Net Profit (PAT) recording a substantial increase of 173.62% year over year, reaching ₹7.83 Crores. The improved profitability was accompanied by a robust increase in EBITDA and a strengthening EBITDA margin.According to the key financial highlights (consolidated), AJC reported the following performance metrics for FY25 and FY26:ParticularsFY25FY26YoY Comparison...