Markets

Fuel Prices Alert: Check Latest Petrol and Diesel Rates Across Major Indian Cities After Government Review Daily Fuel Price Updates: OMCs Determine New Rates for Consumers The market vigilantly awaits official announcements regarding fuel prices across India today, July 3rd. With Oil Marketing Companies (OMCs) constantly recalibrating rates based on global crude oil movements, consumers are urged to check the latest daily listings. This update provides a comprehensive look at petrol and diesel price points in crucial metropolitan areas including Delhi, Mumbai, and Noida.Petrol and diesel prices significantly impact daily commuting costs for millions of Indians. As these vital commodities fluctuate, the transparency provided by OMCs...

Oil Prices Poised for Significant Plunge as Strait of Hormuz Shock Fades: Citigroup Forecasts $60 Target Global Markets Navigate Energy Shift as Supply Normalizes Global energy markets are rapidly returning to a state of normalization, leading to a swift and sharp collapse in crude oil prices. This trend is being heavily driven by the easing of disruptions previously associated with the Strait of Hormuz.Citigroup Inc. analysts have voiced a notably bearish outlook for the global crude market. They suggest that fundamentals are reasserting themselves rapidly as the artificial shortages created by geopolitical instability begin to fade away.The resumption of shipping flows through the crucial waterway is adding substantial barrels...

Promoter Entities Make Transactions Regarding IndusInd Bank Shares IndusInd International Holdings Limited (IIHL) and IndusInd Limited (IL), both belonging to the Promoter group, executed share transactions concerning shares of IndusInd Bank Ltd on June 30, 2026. The transaction involved a release of pledge by IIHL and the creation of a pledge by IL.The company's stock is listed on BSE Ltd. and The National Stock Exchange of India Limited.Details regarding the pre-acquisition holdings and subsequent stakeholding post-transaction for both entities are summarized below:Holding CategoryIndusInd International Holdings Limited (IIHL)IndusInd Limited (IL)Shares Carrying Voting Rights7,82,48,47511,75,16,010Shares in the Nature of...

Bhageria Industries Announces 37th Annual General Meeting and Dividend Payment Timeline Bhageria Industries Ltd has scheduled its 37th Annual General Meeting (AGM) and announced key dates regarding the payment of a proposed dividend for the financial year ended March 31, 2026. The company confirmed that shareholders must be registered by the Record Date to receive their shares during the upcoming meeting.The Annual General Meeting is scheduled for Saturday, August 1, 2026, and will be conducted via Video Conferencing (VC) or other Audio-Visual means (OAVM). The proceedings of the AGM are deemed to be held at the Registered office of the Company located on the 17th Floor of a Mumbai business bay.Key Dates for AGM and Dividend Payment...

Arup Mandal Resigns as Chief Financial Officer of Maharashtra Seamless Limited Maharashtra Seamless Limited has announced the resignation of Mr. Arup Mandal from his position as Chief Financial Officer (CFO). The cessation of Mr. Mandal's role was effective from July 2, 2026.The company stated that Mr. Mandal resigned due to personal reasons.This development pertains to the leadership structure of Maharashtra Seamless Limited. The information confirms that the change in personnel involves the resignation of Mr. Arup Mandal as Chief Financial Officer.MAHSEAMLES Stock Price Movement Shares of Maharashtra Seamless Limited are edging higher to ₹607.00 as of 11:25 AM, having gained 0.32% in live trading. The stock has seen 31,998...

Simplex Castings Ltd Announces Record Date for Equity Share Split Simplex Castings Ltd has announced a record date for the proposed sub-division of its equity shares, following shareholder approval obtained through a Postal Ballot conducted on July 2, 2026. The company is proceeding with a significant capital structure change involving the split of its existing equity shares.The Board of Directors fixed the Record Date to determine the eligibility of shareholders for this corporate action. This move involves splitting one Equity Share of the company, which currently holds a face value of Rs. 10/- each, into five (Five) Equity Shares, each having a face value of Rs. 2/-.The key timeline and details regarding the share split are...

India Service Sector Plunges to 17-Month Low as Growth Momentum Moderates India’s services activity registered a sharp slowdown in June, falling significantly to 57.4. This reading marks a 17-month low for the sector, down from the stronger performance seen in May when the index stood at 59.8, according to the latest HSBC PMI data analysis. Although a result above 50 still indicates sector expansion, the substantial decline points towards a clear moderation of growth momentum in this crucial pillar of the Indian economy.Sharp Decline Hits Services Sector The June print represents one of the weakest expansions observed in the services sector since January 2025, where the index was recorded at 56.5. The deterioration in services...

Optimus Finance Ltd Clarifies Stock Price Movement, States Market Conditions Are the Driver Optimus Finance Ltd has issued a clarification regarding the significant movement observed in its stock price. The company confirmed that it has made all necessary disclosures in a timely and transparent manner concerning its operations and performance.The company stated that it has not withheld any material information or events that would affect the operation or performance of Optimus Finance Ltd, including all price sensitive information. Furthermore, Optimus Finance Ltd confirmed that there is no pending announcement or internal information that could bear upon the stock's price behavior.Optimus Finance maintained that the movement in the...

Krystal Integrated Services Land Major Contract for Cleaning and Sanitation Services in Andhra Pradesh Krystal Integrated Services Limited, formerly known as Krystal Integrated Services Private Limited, has secured a significant contract to provide cleaning and sanitation services across numerous hostels in Andhra Pradesh. The company received the work order from The Director of Backward Classes (BC) Welfare Department, Andhra Pradesh.The agreement involves providing comprehensive facility management services, specifically Cleaning & Sanitation Services (Men & Material), covering BC Welfare Hostels located in Multi Zone - II. These hostels are spread across thirteen districts within Andhra Pradesh and total 563 facilities.The...

Dilip Buildcon Limited Receives Provisional Completion Certificates for Bengaluru-Vijayawada Expressway ProjectsDilip Buildcon Limited has secured Provisional Completion Certificates for two major infrastructure projects, namely the Bengaluru-Vijayawada Expressways—Package 1 and Package 4. The achievement marks a significant operational milestone for the company in the ongoing development of vital economic corridors.The certificates cover the "Development of Six-Lane Access Controlled Greenfield Highway from Kodur (Ch. 0.000) to Vanavolu (Ch. 24.300) [NH-544G] Bengaluru - Vijayawada Economic Corridor" under Bharatmala Pariyojana Phase-I, as well as Package 4 of the Bengaluru-Vijayawada Expressway. Both projects are structured under...

Kotak Sounds Alarm: Valuation Disconnect Plagues Indian Markets Despite Two Years of Flat Returns The state of the Indian equity market has been characterized by a significant divergence between underlying business fundamentals and prevailing valuations, according to the latest strategic assessment from Kotak Institutional Equities. The brokerage asserts that for the past two years, the market has delivered virtually zero returns. This lackluster performance is being driven primarily by elevated valuations relative to both earnings and overall business quality, rather than concerns surrounding Artificial Intelligence (AI) or geopolitical instability.Kotak notes that external capital dependence and technological reliance present...

Manisha Vikaskumar Saraf Receives 8,00,000 Convertible Warrants in Callista Industries Ltd Manisha Vikaskumar Saraf has been allotted 8,00,000 Convertible Warrants of Face Value Rs. 10/- each in Callista Industries Ltd. The allotment occurred on June 30, 2026.The acquisition pertains to the shares of Callista Industries Ltd (Scrip Code: 539335). As per records, Manisha Vikaskumar Saraf holds no status as a Promoter or as part of the Promoter group in the target company.Regarding the details of this transaction, the allotment marked a significant increase in holding for the acquirer. Prior to the current acquisition, the acquirer held 18,00,000 instruments entitling them to receive shares carrying voting rights. The recent...

Bitcoin Surges Above $60k on Dampened Fed Hopes, Signals Shift in Broader Risk Sentiment Bitcoin witnessed a notable rally in early trading on July 3rd, pushing the cryptocurrency past crucial psychological barriers. The surge was fueled by evolving risk sentiment across global markets after weaker US jobs data subsequently reduced expectations for immediate Federal Reserve rate cuts. Bitcoin is currently showing strong upside potential despite ongoing market caution.Technical Movement and Key Price Levels Bitcoin climbed 1.34 percent towards $61,500 (as of 10:34 IST) in the last 24 hours. Over a one-week period, the digital asset has seen a more robust increase of 2.84 percent.Analysts suggest that this rally should be viewed as a...

Power Sector Shakeup: CG Power and Hitachi Energy Plunge as Centre Allows Chinese Firms to Bid on Govt Projects Shares of two key power equipment firms, CG Power and Hitachi Energy, saw significant declines following the government's decision to allow four specifically identified Chinese-linked manufacturers to bid for critical public power projects. The development, confirmed by an order from the Ministry of Finance dated June 24, has sent ripples through the Indian energy stock market.Allowing Chinese Firms to Bid on Government Tenders The exemption permits TBEA Energy, Nanjing Electric India, New Northeast Electric India, and Taikai Electric (India) to participate in government tenders for critical power infrastructure. The order...

TVS Motor Completes Asset Transfer of TVS EBike; Subsidiary Structure Remains Unchanged TVS Motor Company Limited has confirmed the completion of the transfer of certain assets and liabilities belonging to its subsidiary, TVS EBike Company AG. The transaction was finalized on July 2, 2026, following an Asset Transfer Agreement established among key entities in the group.The transfer involved TVS EBike Company AG (TVS EBike), a step-down wholly owned subsidiary of the company. The assets and liabilities were transferred to Callista Asset Management 33 GmbH (Callista AMG). This completion marks the execution of the Asset Transfer Agreement, which was originally dated May 14, 2026, and involved TVS Motor (Singapore) Pte. Ltd (TVSM...

Shree Renuka Sugars Ltd Appoints Kwek Ju-Yang Mark as Additional Director Shree Renuka Sugars Limited has appointed Mr. Kwek Ju-Yang Mark as an Additional Director (Non-Executive Non-Independent) to its Board of Directors, effective July 2, 2026. The appointment was made following a resolution passed by the Company's Board of Directors.Mr. Kwek will hold office in this capacity until the next General Meeting of Shree Renuka Sugars Limited, which is scheduled to take place within three months from the date of his appointment.The appointment was approved after considering that Mr. Kwek is not debarred from holding directorial office by any SEBI order or other authority. The Board and the Nomination and Remuneration Committee noted...

Deepak Builders Secures Rs 548.70 Crore EPC Project for Shri Krishna Ayush UniversityDeepak Builders and Engineers India Limited has received a Letter of Acceptance for a significant Engineering, Procurement, and Construction (EPC) project at Shri Krishna Ayush University in Kurukshetra, Haryana. The contract is being awarded by the Haryana State Industrial & Infrastructure Development Corporation Limited (HSIIDC).The successful award follows Deepak Builders’ previous emergence as an L1 bidder for the project. The scope of work covers various aspects of infrastructure development and allied estate services required by the university.The EPC project involves comprehensive civil, MEP, horticulture, and site development works. The...

Sanofi India Secures Favorable Income Tax Order, Demand of Rs 72 Lakh DroppedSanofi India Limited has secured a favorable decision from the Commissioner of Income tax Appeal - 49, Mumbai regarding its assessment for Assessment Year 2019-20. The Income Tax Department order dropped proceedings initiated under Section 201 of the Income-tax Act, 1961 ('the Act'), deleting a demand amounting to Rs 72,71,510.The company received the Order from the authority on July 02, 2026. This outcome follows an appeal filed by Sanofi against an earlier order which had determined a demand of Rs 72,71,510. The original action involved treating the Company as an 'assessee in default' for non-deduction of taxes on year-end provisions.The Commissioner of...

Deepak Builders & Engineers Secures Major EPC Project at Shri Krishna Ayush University Deepak Builders & Engineers India Limited has secured a significant project contract, having received the Letter of Acceptance from the Haryana State Industrial and Infrastructure Development Corporation Limited (HSIIDC). The project involves construction work for Shri Krishna Ayush University in Kurukshetra, Haryana.The project spans infrastructure development, including all civil and MEP services, horticulture, and site development works for the university on an EPC basis.Details regarding the contract awarded by HSIIDC are as follows:Project ScopeCost of ProjectTenure of ProjectConstruction of various buildings infrastructure and allied...

IDBI Trusteeship Holds 50.1% Encumbrance Over Hindustan Zinc Shares as Collateral for Vedanta Group Financing IDBI Trusteeship Services Limited, acting in its capacity as Security Trustee, holds a substantial encumbrance over equity shares of Hindustan Zinc Limited (HZL). This holding is linked to a financial assistance facility provided to Ferro Alloys Corporation Limited (FACOR), a subsidiary of Vedanta Limited.The trustees are managing the collateral related to the facility agreement executed between FACOR and a consortium of banks. The total amount of the financial assistance is INR 1624,00,00,000/-.As per the terms of the Facility Agreement dated June 30, 2026, Vedanta Limited has committed to providing a corporate guarantee in...