Markets

Kusumgar IPO GMP Surges Above 40% as Fabric and Power Sector Offer Strong Investor Appeal Engineered Fabric Market Booming Ahead of Kusumgar IPO Listing The grey market premium (GMP) for the Initial Public Offering (IPO) of engineered fabric manufacturer, Kusumgar, has significantly crossed the 40 percent mark ahead of its planned subscription period. The company is set to raise ₹650 crore with a fixed price band spanning from Rs 398-419 per share.Based on current tracking platforms, Kusumgar shares are commanding a highly anticipated GMP ranging between 40 and 41 percent. Investorgain estimates the listing gain at 40.57 percent, while IPO Watch pegs the GMP slightly higher at 40.81 percent. The public subscription for this issue is...

Atishay Limited Awarded Work Order from Central Cooperative Bank for Supply of Micro ATMs Atishay Limited has secured a significant work order valued at ₹ 47.38 Lakhs from The Central Cooperative Bank Ltd., Bikaner. This contract covers the supply, installation, commissioning, and maintenance of Micro ATMs devices intended for Primary Agricultural Credit Societies (PACS) managed by the bank under the Co-operative Department Rajasthan.The award reflects the confidence placed in Atishay Limited's technological capabilities and execution strength within the banking sector. The scope of the project includes providing comprehensive services for the PACS of The Central Cooperative Bank Ltd., Bikaner.The total value of the work order...

Precious Metals Tumble as Dollar Strengthens; Gold Holds Ground Thanks to Rupee Weakness On June 23, precious metals generally saw marginal gains amid profit booking by investors and a shift in global currency sentiment. The slight support for domestic gold prices was attributed to the weakness of the rupee against the US dollar. International markets faced headwinds, prompting analysts to advise caution as key macroeconomic data awaits release this week.Domestic and International Gold Price Action Domestic spot gold saw some volatility, with prices dipping by Rs 780 before finding stabilization. The international price for gold hovered around $4,140 per ounce on the day. This movement highlights the differing dynamics between global...

Atishay Ltd Awarded Work Order Worth ₹ 47.38 Lakhs from Central Cooperative Bank Ltd., Bikaner Atishay Ltd has secured a new work order valued at ₹ 47.38 Lakhs from The Central Cooperative Bank Ltd., Bikaner, for the supply and maintenance of Micro ATMs devices. This contract highlights the company's technological capabilities within the rural banking sector.The award involves supplying, installing, commissioning, and maintaining Micro ATM devices designated for Primary Agricultural Credit Societies (PACS) affiliated with The Central Cooperative Bank Ltd. in Rajasthan.This achievement strengthens Atishay Ltd's presence in the agricultural banking ecosystem and reinforces its commitment to providing technology-driven financial...

Jay Bharat Maruti Limited Reports Zero Requests for Transfer and Demat of Physical Shares During Specified Periods Jay Bharat Maruti Limited confirmed that no requests were received from shareholders regarding the transfer and demat of physical securities during specific reporting periods, as per the company's updates concerning the special window defined by a SEBI circular. The reports also provided detailed operational status regarding request processing for June 2026.The company reported zero activity in receiving or processing requests for the transfer and demat of physical shares during the period spanning June 05, 2026 to July 04, 2026.Details of the number of requests received, processed, approved, and rejected by Jay Bharat...

Gradiente Promoters Create Pledge Against Shares Worth Rs 2.76 Crore Vimal Raj Mathur, a promoter of Gradiente Infotainment Limited, has created a pledge against his shares in the company. The transaction involves pledging 1,00,00,000 shares to Orbit Global Softsol Pvt Ltd. for a financial obligation.The pledge was executed on June 30, 2026.According to the details, the total promoter shareholding of Gradiente Infotainment Limited is 5.20%. The encumbered shares represent 31.30% of the company’s total share capital.The security cover for this transaction amounts to Rs 2,76,00,000/- as of the date of the agreement. The amount involved against which the shares were pledged is Rs 1,00,00,000/-. This yields a Security Cover to Amount...

Tata Motors Reports Q2 Production and Sales Figures: Detailed Look at Vehicle Category Performance Tata Motors Ltd has released its quarterly report detailing production, domestic sales, and exports for the period spanning April to June 2026. The report provides a granular look into performance across various vehicle categories, covering models ranging from commercial passenger vehicles (V1) to heavy haulage trucks (N3).The data highlights manufacturing activity across different segments, showcasing both production capabilities and market uptake in domestic sales and exports for the quarter.A comprehensive breakdown of production, domestic sales, and export figures for April through June 2026 compared against the previous period is...

India Radiators Limited Reports NCLT Status as 'Disposed' Regarding Amalgamation SchemeIndia Radiators Limited, the transferor company, has reported a significant update concerning its ongoing amalgamation process involving Mercantile Ventures Limited (Transferee Company) and their shareholders and creditors.The scheme pertains to the amalgamation of India Radiators Limited with Mercantile Ventures Limited, under relevant sections of the Companies Act, 2013. The matter was pending before the National Company Law Tribunal (NCLT).The status of this amalgamation matter has been updated on the NCLT website, showing it as "Disposed."While the tribunal's decision is marked as disposed, India Radiators Limited noted that a certified...

Interworld Digital Reports Financial Indebtedness and Default on Vehicle Loan Repayment Interworld Digital Ltd. has reported details regarding its financial indebtedness for the quarter ending June 30, 2026, noting a default in the repayment of a loan secured against a vehicle. The company's total financial debt stands at 2.21 INR Crores.The outstanding loans and charges are detailed below:ParticularsOutstanding Amount as on 30.06.2026 (Rs. In Crores)Loan against vehicle from Kotak Mahindra Bank0.01Other Short Term Unsecured Loans2.15Interest and other charges due but not paid0.05Total outstanding Amount/Debts2.21The loans are secured against the vehicle for which the loan was obtained from Kotak Mahindra Prime...

JSW Dulux Limited Receives Appeal Order from Karnataka GST Department in Pending Litigation JSW Dulux Limited has received an Appeal Order regarding a demand issued by the Karnataka GST Department concerning discrepancies related to an E-Waybill and an Invoice for the fiscal year 2024-25. The company's appeal, filed after receiving a demand order on December 30, 2024, was reviewed by the Joint Commissioner of the LGSTO 38 in Bengaluru, Karnataka.The GST Department had initially issued a demand order specifying a penalty amounting to Rs. 9,89,064/- under Section 129(3) of the SGST Act/Rules, 2017. This action stemmed from a discrepancy involving an E-Waybill and an Invoice for the fiscal year 2024-25.Following the issuance of the...

Novus Loyalty Introduces NoCXy AI, an Intelligence Layer for Enterprise Customer Engagement Novus Loyalty Limited is advancing its product innovation initiatives with the development of NoCXy AI, a proprietary artificial intelligence-powered decision engine set to redefine how enterprises manage, reward, and retain their customers. The platform represents the next evolution in enterprise loyalty by integrating intelligence and predictive capabilities into every phase of the customer journey.NoCXy AI is designed to move beyond the limitations of conventional loyalty platforms, which often rely on static predefined business rules. Instead, this intelligent layer will continuously analyze customer interactions across various touchpoints...

Mindspace Business Parks REIT to hold Executive Committee meeting to consider raising funds Mindspace Business Parks REIT has scheduled a meeting of the Executive Committee of the Board of Directors of its manager, K Raheja Corp Investment Managers Private Limited. The meeting is set for Thursday, July 09, 2026.The primary focus of the meeting is to consider and approve strategies related to raising funds for Mindspace REIT. These funds could be raised through various means, including the issuance of non-convertible debt securities or commercial papers, or in any other form permissible under applicable laws.K Raheja Corp Investment Managers Private Limited serves as the manager for Mindspace Business Parks REIT. The committee...

Z-Tech Completes Capital Enhancement as 101,200 Shares are Approved for Listing Z-Tech (India) Limited has successfully completed a capital enhancement through the allotment of new equity shares, following the conversion of warrants. The Company reported that these newly issued securities have received listing and trading approval on the National Stock Exchange (NSE), effective July 7, 2026.The transaction resulted in an increase in the Issued, Paidup, Admitted, and Listed Equity Share Capital of Z-Tech. The company's share capital was increased from Rs. 14,45,82,480, which comprised 1,44,58,248 equity shares of face value Rs. 10 each, to a new total of Rs. 14,55,94,480. This increase reflects the addition of 1,01,200 equity shares...

Cyber Fraud Hits Capillary Technologies Subsidiary; EUR 3 Million Fraudulent Transfer Reported Capillary Technologies India Limited has reported a cyber-enabled banking fraud affecting one of its recently acquired overseas step-down subsidiaries. Funds aggregating to approximately EUR 3.0 million were fraudulently transferred to unauthorized third-party bank account(s).The fraudulent transfer utilized advanced deep-fake methodologies, including voice cloning, signature forging, and social engineering, designed to impersonate Key Managerial Personnel (KMPs) of the subsidiary.Upon discovering the incident, the Company immediately initiated necessary legal and operational measures. Swift action by Capillary Technologies led to a...

Avenue Supermarts Allots Rs 300 Crore Commercial Paper Offering Avenue Supermarts Ltd has announced the allotment of Commercial Paper amounting to Rs 300 crores. The instrument is set to be listed on the BSE Limited.The commercial paper details specified that it is unsecured and carries an interest rate of 6.60%. The tenure of this financial instrument is 85 days, starting from the date of allotment up to its maturity.The details regarding the issuance are summarized below:FeatureDetailSize of IssueRs 300 croresSecurity StatusUnsecuredCoupon/Interest Offered6.60%Allotment DateJuly 6, 2026Maturity DateSeptember 29, 2026The instrument will mature on September 29, 2026, with the coupon payment scheduled at...

Bajel Projects Ltd Revises Proposed Date for 4th Annual General MeetingBajel Projects Ltd has announced a revision to the proposed date of its 4th Annual General Meeting (AGM). The company previously intimated a date and has since revised the scheduling details.The AGM, which was originally scheduled for Friday, August 7, 2026, is now proposed to be held on Monday, August 10, 2026. This revision follows an earlier intimation regarding the meeting date that was issued on May 27, 2026.The company stated that the Notice convening the AGM, along with the Annual Report for the financial year 2025-26 and other relevant documents, will be distributed to shareholders in due course.BAJEL Stock Price Movement Shares of Bajel Projects...

Inter State Oil Carrier Records Strong Volume Growth, Secures Partnership with CONCOR Inter State Oil Carrier Ltd reported significant operational growth in June 2026, noting a substantial increase in volume handled compared to the previous month and achieving improved year-on-year performance. Beyond volume metrics, the company also announced strategic business expansions through a new agreement with Container Corporation of India Ltd (CONCOR) and fleet augmentation.The volume handled by Inter State Oil Carrier Limited showed upward movement during June 2026. The company processed 29.17 thousand metric tons (MTs), which marked a rise from the 23.12 ('000 MTs) handled in May 2026, reflecting an approximate increase of 26.17%.Looking...

Subex Limited Announces Q1 FY27 Unaudited Results on August 5; Earnings Call Scheduled Subex Ltd., a leading telecom analytics solution provider, has announced the schedule for releasing its Unaudited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 2026. The company is set to announce these results on Wednesday, August 5, 2026.Following the announcement of the financial results, Subex Ltd. will host a Conference/Earnings call to discuss the company’s performance during the quarter. This earnings call is scheduled for Thursday, August 6, 2026, at 11:00 A.M. (IST).Trading Window and Earnings Call Details To allow stakeholders time to review the results, the trading window for Subex Ltd. has been closed...

Rex Sealing and Packing Industries Ltd. Affirms Zero Defaults on Bank Loans and Debts Rex Sealing and Packing Industries Ltd. has confirmed that the company holds no defaults regarding interest payments or principal repayment on loans sourced from banks and financial institutions. The confirmation covers all major debt obligations.The company reported that there are also no instances of default concerning unlisted debt securities.This statement addresses the status of the entity’s borrowing relationships with financial institutions and creditors, ensuring clarity regarding its current debt standing in the market.Stock Price Movement Rex Sealing and Packing Industries Ltd closed at ₹145.00 on Friday, recording a neutral change...

Sword-Edge Commercials Approves Re-appointment of Independent Director and Announces 41st Annual General Meeting The Board of Directors of Sword-Edge Commercials Ltd held a meeting on July 06, 2026, approving several key corporate matters, including the re-appointment of an Independent Director and confirming preparations for the company's upcoming Annual General Meeting.During the board meeting, the directors approved the Director's Report, the Corporate Governance Report, and the Management Discussion and Analysis (MD&A) Report along with their annexures for the Financial Year ending March 31, 2026. Furthermore, the draft notice convening the company's 41st Annual General Meeting of the Members was approved.A significant outcome...