Markets

Supermarket Giant Ratnadeep Retail Files IPO, Vows Massive Expansion with ₹400 Crore Raise Secunderabad-based supermarket chain Ratnadeep Retail has filed its draft prospectus with SEBI, signaling a major move toward public listing. The company aims to raise substantial funds through an Initial Public Offering (IPO) to fuel aggressive expansion of its retail network across several states.The filing details the structure of the offering, providing investors and market observers insight into the scale and purpose of the capital infusion. This move positions Ratnadeep Retail as a significant player in the organized grocery sector.Key Details of Ratnadeep Retail IPO Filing Ratnadeep Retail has proposed raising ₹400 crore through a fresh...

Gold Demand Plummets Over 70% After Steep Duty Hike as Indian Households Rush to Liquidate Stock A significant downturn in demand for gold has been reported in the domestic market following a sharp increase in import duties by the government. This move, coupled with earlier advisories regarding gold purchases, has prompted many consumers and investors to adopt a cautious approach toward precious metals.Surendra Mehta, Secretary of the India Bullion Jewellers Association (IBJA), stated that gold demand has dropped by more than 70 percent in the Indian market after the duty hike. The customs duty on gold was increased by the Centre from 6 percent to 15 percent on May 13.Mehta further noted that demand has remained subdued, referencing...

GeeCee Ventures Limited Changes Relationship Status with Geecee Business Private Limited Post Disinvestment GeeCee Ventures Limited has successfully completed a transaction related to the disinvestment of Geecee Business Private Limited, updating the corporate relationship between the two entities.Following the completion of the transaction, the company status of Geecee Business Private Limited has changed. The entity is no longer categorized as a subsidiary of GeeCee Ventures Limited but has now been designated as an associate company.GEECEE Stock Price Movement GeeCee Ventures Limited stock closed today, edging up by 1.26% to settle at ₹346.20. The equity traded within a range from ₹340 to ₹351.9, recording a total volume of 1,838...

Ola Electric Doubles Growth in Q1 FY26; Registers 43,719 Vehicles Ola Electric Mobility Limited has reported a significant surge in sales, registering 43,719 vehicles during the first quarter of Fiscal Year 2026 (Q1 FY26). This figure represents nearly double the registrations achieved in Q4 FY25, according to VAHAN data. The company also noted that June 2026 saw 16,144 registrations, marking the strongest monthly performance recorded in recent quarters.The substantial sequential growth demonstrates continuous improvement across retail execution, customer demand, and product availability, complementing operational initiatives launched over preceding quarters. This strong momentum positions Ola Electric to strengthen its standing...

Connplex Cinemas Expands Network with New Theatres in Assam and Gujarat; Reaches 122 Screens Milestone Connplex Cinemas Limited has significantly expanded its cinema exhibition network during the quarter ended June 30, 2026. The company commenced operations for several new theaters across different states, enhancing its national presence.The recent expansions include a 2-screen cinema with a seating capacity of 188 seats established in Biswanath Chariali, Assam. Additionally, Connplex launched a 4-screen cinema with a seating capacity of 279 seats at Adani Shantigram, Gujarat, and another 3-screen cinema with a seating capacity of 157 seats in Junagadh, Gujarat.These newly operational cinemas are equipped with cutting-edge...

Lokesh Machines Limited Removed from OFAC Specially Designated Nationals List Lokesh Machines Limited has been informed that the United States Department of the Treasury's Office of Foreign Assets Control (OFAC) has removed the company from the Specially Designated Nationals and Blocked Persons List. The removal was finalized according to a letter issued by OFAC dated June 30, 2026.The designation status change means that all property and interests in property which had been blocked solely due to the previous designation are now unblocked. This development concludes a period of being listed under the OFAC guidelines for Lokesh Machines Limited.LOKESHMACH Stock Price Movement Lokesh Machines Limited shares rallied today, closing at...

JSW Infrastructure Completes Landmark ₹7,503 Crore Qualified Institutions Placement (QIP) Mumbai - JSW Infrastructure Limited successfully concluded a significant Qualified Institutions Placement (QIP), raising a total of ₹7,503 crore. This transaction holds the distinction of being the first in India to feature both a primary issuance from the company and an offer for sale by a promoter selling shareholder within a single QIP structure.The QIP included a primary issuance totaling ₹6,555 crore by JSW Infrastructure Limited, with the remainder of the funds generated through the offer for sale by the promoter selling shareholder. The capital infusion is designed to support the company’s ambitious ₹39,000 crore multi-year capital...

Exato Technologies Lands Global Export Order Worth USD 479,375 Exato Technologies Limited has secured an export order from a global entity for providing software licenses, reinforcing the company’s expanding presence in international markets. The contract involves delivering CX technology solutions to a major international client.The significant contract is valued at USD 479,375, exclusive of applicable taxes, duties, and government-imposed charges. The order mandates that Exato Technologies deliver the software licenses, which must be acknowledged by the customer no later than December 31, 2027.This achievement underscores the company's commitment to delivering high-quality technology solutions across global markets. Furthermore...

Paisalo Digital Reports Promoter Stake Rise to 46.72% in Q1FY27 Following Acquisitions Paisalo Digital Limited, a NBFC specializing in expanding formal credit access for MSMEs and underserved borrowers across India, announced that its promoter shareholding increased by 4.97% during the first quarter of FY27, bringing the total stake to 46.72%. This milestone reflects continuous conviction from the promoter group over several years.The acquisition-driven increase has seen the company's promoter holding move steadily. The commitment began rising from approximately 26% in FY19, increased to about 37% by FY25, reached 41.75% in FY26, and now stands at 46.72% in Q1FY27. This sustained interest highlights the promoters' deep alignment with...

Sai Silks (Kalamandir) Limited Reports Q1 Turnover; Expands Retail Presence in Karnataka Sai Silks (Kalamandir) Limited has provided a business update detailing its performance for the first quarter of fiscal year 2026-27, noting changes in turnover compared to the previous year. The company also announced expansion through new store openings in Karnataka.For the quarter ending June 30, 2026, Sai Silks reported a turnover of Rs. 375 crores. This figure compares slightly lower than the turnover of Rs. 379 Crores achieved during Q1 of FY 2025-26.In terms of operational growth, the company has expanded its retail footprint by opening two new stores in Karnataka. These additions contribute approximately 30,000 sq. ft. of new retail...

Sai Parenterals Subsidiary Secures 7.5 Year Exclusive OTC Medicine Supply Agreement with Australia Network Sai Parenterals Limited's subsidiary, Noumed Pharmaceuticals Pvt Limited, has secured a significant international contract involving the supply of OTC medicines. The company has entered into an exclusive supply agreement with Australia's leading pharmacy network, valued at Australian Dollars (AUD) 202 Million, which is equivalent to INR 1300 crores.The agreement establishes Noumed Pharmaceuticals as the exclusive supplier of OTC medicines to the international entity for a term spanning 7.5 years. The contract includes an option for further extension by an additional three years upon mutual consent.This strategic partnership...

BDR Buildcon Limited Clarifies Status Regarding Large Entity Definition under SEBI Guidelines BDR Buildcon Limited has confirmed that it does not fall under the category of a Large Entity as defined by the applicability framework set out in the relevant SEBI circular concerning the issuance of Debt Securities.The clarification pertains to SEBI Circular No. SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172, dated October 19, 2023.The company stated that BDR BUILDCON LIMITED does not meet the requirements of a Large Entity under the framework provided in this SEBI document.BDR Stock Price Movement Shares of BDR Buildcon Limited today settled flat at ₹87.65 after closing the trading session with zero percentage change. As contextual metrics...

Ola Electric Registers 43,719 Vehicles in Q1 FY27, Doubling Quarter-on-Quarter Growth Ola Electric Mobility Limited has reported significant growth in its electric vehicle (EV) registrations for the first quarter of fiscal year 2027 (Q1 FY27). Based on VAHAN data, the company registered 43,719 vehicles during this period. This represents a near doubling of registrations compared to Q4 FY26, which recorded 22,252 vehicles.The first quarter concluded with strong sales momentum, as June 2026 alone saw 16,144 vehicle registrations. This performance marked the strongest monthly showing in recent quarters for Ola Electric Mobility Limited. The sequential increase demonstrates sustained improvement in retail execution, customer demand, and...

Director Changes at Bharat Electronics Limited: Retirement and Charge Assignment Announced Bharat Electronics Limited has announced changes regarding its Board of Directors following the retirement of a senior executive and the assignment of an additional charge for the Marketing Director role.Shri Venkata Suresh Kumar Kaipa, who held the position of Director (Marketing), retired from his services on June 30, 2026, upon attaining superannuation. As a result, Shri Venkata Suresh Kumar Kaipa ceased to be a Director (Marketing) of the company effective July 1, 2026.In addition, Ministry of Defence has assigned an additional charge for the post of Director (Marketing) to Shri Rajnish Sharma. Shri Sharma, who is currently a Director...

Zota Health Care Reports Davaindia Store Expansion Update for Q1FY27 Zota Health Care Limited has provided an update regarding the status of its Davaindia stores for the first quarter of Fiscal Year 2027 (Q1FY27). The company reported robust expansion activities during the quarter, with a total of 264 new stores opened.The store counts reflect both COCO* and FOFO store types across the period. As of March 31, 2026, the company maintained a total of 2579 Davaindia stores. During Q1FY27, Zota Health Care Limited added 264 stores while closing 18 locations in total. This brings the aggregate store count to 2825 as of June 30, 2026.The detailed breakdown of store changes across both COCO* and FOFO categories is provided below:Store...

Tolins Tyres Subsidiary Acquires Plant and Machinery for Capacity Expansion Tolins Tyres Limited's wholly owned subsidiary, Terra Rubber Private Limited, has entered into a significant Purchase Agreement to acquire plant and machinery from Cochin Reclaim and Rubbers Private Limited. The transaction, executed on July 1, 2026, is aimed at facilitating capacity expansion and achieving backward integration of Terra Rubber’s operations.The purchase agreement involves the acquisition of specified plant and machinery from Cochin Reclaim, an unrelated third party. Neither Terra Rubber nor Tolins Tyres Limited holds any shareholding in Cochin Reclaim regarding this transaction.According to the terms of the agreement, the acquired assets are...

BF Utilities Limited Pays Fines from NSE and BSE Over Delayed Consolidated Financial Results BF Utilities Limited has addressed a regulatory action related to its consolidated financial results for the quarter and year ended March 31, 2026. The company confirmed that it paid the levied fines to the National Stock Exchange of India (NSE) and BSE following non-compliance concerning the timely submission of certain results by subsidiaries.The regulatory concern arose because Nandi Infrastructure Corridor Enterprise Ltd. (NICE), Nandi Economic Corridor Enterprises Ltd. (NECE), and Nandi Highway Developers Limited (NHDL)—all subsidiaries of BF Utilities Limited—had not yet submitted their Audited Financial Results for the quarter and year...

Borosil Limited Commissions New Manufacturing Unit in Rajasthan; Commercial Production Begins Borosil Limited has announced that its new manufacturing unit for vacuum insulated stainless-steel products in Rajasthan has been commissioned. The facility was set up through the company's Wholly Owned Subsidiary, Stylenest India Limited.The company reported that commercial production commenced on June 30, 2026, utilizing two of the double-wall lines established at the unit. This marks a significant operational milestone for the Borosil product line catering to stainless-steel flasks, bottles, and containers.Looking ahead, management stated that commercial production from the third double-wall line is expected to begin during Q2 FY...

Karnataka Bank Reports Key Business Parameters for June 2026, Noting Growth in Gross Advances and CASA The Karnataka Bank Limited has provided key provisional business parameters as of June 30, 2026. The data reflects performance metrics across Deposits, Gross Advances, and the share of CASA to Total Deposits.The bank recorded a significant increase in its Current Account Savings Account (CASA) balance, which stood at ₹35,802.48 Crore as of June 30, 2026. This marked a year-on-year growth of 12.46%. Meanwhile, Gross Advances reached ₹86,590.11 Crore, showing a notable year-over-year increase of 16.59%, and recorded a sequential growth of 3.90% compared to the March 31, 2026 figures.In terms of Deposits, the bank's total deposits...

Coal India Secures Contract for 600 MW Solar Plant at Jalaun Park in Uttar Pradesh Coal India Limited has secured a significant contract related to setting up a large-scale solar power plant in Uttar Pradesh. The order pertains to the Letter of Award (LOA) for the development and operation of a 600 MW solar project at Jalaun Solar Park, with a domestic entity.The contract involves BUNDELKHAND SAUR URJA LIMITED. According to the details provided, the nature of the transaction is the award of a Letter of Award for setting up a 600 MW solar plant (specifically noted as 300MWx 2) at Jalaun Solar Park in Uttar Pradesh. The rate specified for this contract is Rs. 2.73/kWh.The overall scope of the project stands at 600 MW, and the...