Markets

ONGC Announces Senior Management Changes as Executive Directors Retire Oil & Natural Gas Corporation Limited has announced changes within its senior leadership team, effective July 1, 2026. The transition involves three key individuals at the executive director level due to superannuation.The company confirmed that the change in senior management encompasses several long-serving directors who will be stepping down. These changes pertain to roles one level below the Board of Directors.The following details provide specifics on the executives whose designations are subject to the change:NameDesignationType of ChangeSachiv KumarExecutive DirectorSuperannuationRajesh SharmaExecutive DirectorSuperannuationJagdamba Prasad G...

Sera Investments & Finance India Ltd Appoints Two New Directors, Records ResignationThe Board of Directors of Sera Investments & Finance India Limited announced significant changes in its composition, approving the appointment of two new directors and noting the resignation of an existing Independent Director. These decisions were formalized following a recent board meeting held on July 1, 2026.The company approved the appointment of Neha Vinod Kothari as the Additional (Non-Executive Independent) Director. Additionally, Aayush Kamleshbhai Shah was appointed to the same position as an Additional (Non-Executive Independent) Director, effective from July 1, 2026.Simultaneously, the Board accepted the resignation of Saurabh Shah from...

BPCL Subsidiary Entity Executes Definitive Agreement for Full Acquisition of Stake in IBV Brazil Petroleo LimitadaBharat Petroleum Corporation Limited (BPCL) has confirmed that its subsidiary entity, BPRL Ventures BV, has executed definitive agreements regarding the acquisition of the entire shareholding held by Videocon Energy Brazil Limited (VEBL) in IBV Brazil Petroleo Limitada. This transaction is part of a Corporate Insolvency Resolution Process involving VOVL Ltd.The strategic move involves BPRL Ventures BV acquiring the full stake from VEBL, which relates to an earlier intimation regarding the NCLT order approving the acquisition. The definitive agreement marks a significant step in consolidating control over the Brazilian...

POCL Enterprises Acquires 51% Stake in Trichy Metals for Strategic Growth in Lead Market POCL Enterprises Ltd has announced that its Board of Directors approved a significant investment into Trichy Metals and Alloys Private Limited (TMA). The acquisition involves securing a 51 percent stake through a Share Purchase Agreement and a Share Subscription-cum-Shareholders' Agreement. Upon the completion of the transaction, TMA will become a subsidiary of POCL Enterprises Limited.Trichy Metals and Alloys Private Limited is an established company engaged in the manufacturing of lead ingots and other metals, as well as trading in metals and alloys. The company has an installed refining capacity estimated at approximately 26,000 MTPA and a...

Ashok Leyland Reports Vehicle Sales Figures for June 2026 across Domestic and Export Markets Ashok Leyland Limited reported comprehensive sales figures for June 2026, detailing performance across domestic categories and combined domestic and export markets. The company provided detailed breakdowns of unit sales for Medium and Heavy Commercial Vehicles (M&HCV) and Light Commercial Vehicles (LCV).The performance data was segmented into two primary categories: Domestic Sales and Total Sales (Domestic + Exports).Domestic Market Performance In the domestic segment, Ashok Leyland reported strong growth in certain vehicle classes compared to earlier periods. For June 2026, sales for M&HCV Trucks stood at 9,458 units, showing a significant...

Force Motors Reports June 2026 Sales Data: Domestic Growth Contrasts with Sharp Decline in Exports Force Motors Ltd has released its sales performance data for the month of June 2026, detailing unit movements across both domestic and international markets. The company reported significant growth in the domestic segment while facing a steep contraction in export sales during the period.According to the figures, Force Motors saw strong performance in the domestic market for Small Commercial Vehicles (SCV), Light Commercial Vehicles (LCV), Utility Vehicles (UV), and Sports Utility Vehicles (SUV).The breakdown of domestic sales units shows a marked increase year-on-year:CategoryJune 2026 UnitsJune 2025 UnitsPercentage Change...

Jindal Photo Limited Appoints Company Secretary for Due Diligence on Delisting Proposal Jindal Photo Limited appointed M/s Bhumika & Co., a Peer Reviewed Company Secretary, to carry out due diligence in connection with its ongoing delisting proposal. The appointment was made during a Board of Directors meeting held on July 01, 2026.The company engaged M/s Bhumika & Co., holding a peer reviewed certificate bearing No. 8009/2026 dated May 26, 2026, which is valid until May 31, 2031. The appointment was made in accordance with the requirements related to conducting due diligence and submitting its report for the proposed transaction.The appointment follows an Initial Public Announcement made on June 29, 2026. This announcement detailed...

Vdeal System Secures Order Worth ₹10.92 Million for Power Distribution System Vdeal System Limited has been awarded a new order for the supply of a Power Distribution System, securing a contract valued at ₹10,924,548/- from NMDC STEEL Limited. The transaction falls within the normal course of Vdeal System’s business operations and represents an expansion in the company's client base.The contract stipulates the delivery of the Power Distribution System as per the purchase order issued by NMDC STEEL Limited. This project is scheduled for completion, with the specified delivery deadline set for December 15, 2026.The details concerning this commercial assignment are outlined below:ParticularsDetailsEntity Awarding OrderNMDC STEEL...

The South Indian Bank Reports Operational Metrics for Quarter Ended June 30, 2026 The South Indian Bank Limited has released key operational business updates encompassing Gross Advances, Total Deposits, and CASA performance for the quarter ending June 30, 2026. The data provides a snapshot of the bank's financial position across three reporting periods: Q4 of the previous fiscal year (ending March 31, 2026), the previous full fiscal year (ending June 30, 2025), and the provisional figures for the quarter ending June 30, 2026.The operational metrics are presented in Crore and include key data points related to asset growth and customer deposit mobilization.ParticularsQ4 FY26 (Audited)Q1 FY26 (Provisional)Y-o-Y GrowthGross...

Orient Ceratech Completes Agreement for Sale of Windmills Business; Consideration Revised Orient Ceratech Limited has finalized the Agreement for the sale of its Windmills Business, comprising seven windmills within its Power Division. The transaction, which involves a slump sale on a going concern basis, was executed on June 30, 2026.The company confirmed that under the terms of the agreement, all assets and liabilities pertaining to the Windmills Business will be transferred to the purchaser, effective from the cut-off date, June 30, 2026.Following subsequent negotiations between Orient Ceratech Limited and the purchaser, both parties mutually agreed to revise the sale consideration. The total consideration for the acquisition of...

Scheme of Amalgamation Becomes Effective As Companies Merge Into NIIT Limited The scheme involving NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited has become effective following their amalgamation with NIIT Limited.The Amalgamating Companies, which include NIIT Institute of Finance Banking & Insurance Training Limited and RPS Consulting Private Limited, have completed the necessary process concerning their merger into NIIT Limited. The move formalizes the consolidation of the three entities.According to the update released on July 1, 2026, Form No. INC-28 was filed by all three companies with the Registrar of Companies, Haryana. This action marks the culmination of the scheme, making...

HPL Electric & Power Limited Warns Shareholders Over Unclaimed Dividends for FY 2018-19; Sets October 15 Deadline HPL Electric & Power Limited has issued a reminder to shareholders regarding unclaimed dividends pertaining to the financial year 2018-19, cautioning them that failure to claim these amounts or transfer their shares could result in automatic transfer to the Investor Education and Protection Fund (IEPF).The company notified shareholders about the dividend warrant issued for FY 2018-19, stating that records indicate the dividend remains unclaimed by some shareholders. The reminder highlights the process governed by the Companies Act, 2013, and related IEPF Rules, which stipulate that funds remaining unpaid or unclaimed for...

NIIT Learning Systems Ranked in Training Industry's Top 20 AI Coaching & Learner Support Tools for Second Consecutive Year NIIT Learning Systems Limited, a global leader in managed learning services, has been recognized by Training Industry, Inc. as one of the Top 20 Companies in AI Coaching and Learner Support Tools for 2026. This recognition marks the second consecutive year that NIIT has been featured on the prestigious list.The selection process for the 2026 Training Industry Top AI Coaching & Learner Support Tools Companies was based on key criteria including the scope, quality, and extent of AI coaching capabilities; market presence and brand visibility; strength of the client portfolio and customer relationships; and overall...

Aeroflex Industries Boosts Liquid Cooling SFN Skid Production CapacityAeroflex Industries Limited has significantly enhanced its production capabilities for liquid cooling SFN skid assemblies. The company announced that it has successfully increased its annual production capacity, commencing operations at the higher level starting July 01, 2026.The enhancement brings the maximum annual production capacity of the specialized components from 6,000 pieces per annum to 9,000 pieces per annum.In addition to the operational upgrade, Aeroflex Industries reported its initial sales performance for the first quarter of FY 2026-27.The following table provides a summary of the company’s production and sales figures:MetricDetails...

JK Lakshmi Cement Announces Dividend of ₹ 6.50 Per Share for FY2026 JK Lakshmi Cement Limited has announced a significant dividend payout for its shareholders, setting the official Record Date to determine entitlement for the payment.The company confirmed that shareholders will receive a dividend of ₹ 6.50 per equity share. This announcement pertains to the financial year ended March 31, 2026.According to the company details, the dividend represents 130% based on the face value of the equity share, which is set at ₹ 5/- each.Dividend and Payout Details:ParameterDetailCompanyJK Lakshmi Cement LimitedDividend Amount₹ 6.50 per Equity ShareFace Value of Share₹ 5/- eachFinancial Year EndMarch 31, 2026The designated...

Saleem Ahmad Assumes Additional Charge of CMD at Ircon International Limited Ircon International Limited has confirmed that Shri Saleem Ahmad has assumed the additional charge of Chairman and Managing Director (CMD) of the company, effective July 1, 2026. This appointment comes following an order issued by the Ministry of Railways.Shri Saleem Ahmad holds the designation of Chief Executive Officer (CEO) and Key Managerial Personnel (KMP) in addition to his role as CMD, effective from the same date. The term of this additional charge is set for a period of one year or until the post is assumed by the regular incumbent, whichever occurs earlier.The appointment was made following a Board meeting held on June 26, 2026.Professional...

SSWL Posts Stellar Growth in June 2026; Net Turnover Rises 36.84% YoY Steel Strips Wheels Limited (SSWL) reported a significant performance for June 2026, achieving robust growth across its business segments and registering an exceptional rise in Net Turnover. The results reflect broad-based strength from the Truck, Tractor, and EV-linked sectors, alongside a crucial positive turnaround in exports.According to company reports, SSWL’s Cross Turnover stood at Rs. 554.10 Cr for June 2026, up from Rs. 426.31 Cr recorded in June 2025, translating to a steady Year-on-Year (YoY) expansion of 29.98%. Net Turnover reached Rs. 479.87 Cr, compared against Rs. 350.67 Cr in the previous fiscal year, marking a strong YoY increase of 36.84%. The...

Advit Jewels Shares Soar: Blockbuster Listing Achieved at 37% Premium After Massive IPO Subscription Advit Jewels made a highly successful market debut on Wednesday, registering a blockbuster listing on both major exchanges. The company's shares listed significantly above the Initial Public Offering (IPO) price, driven by exceptional investor participation across all categories. The strong demand witnessed during the issue saw it garner a massive subscription of 212.63 times in the primary market between June 23 and June 25.Listing Performance on NSE and BSE On the National Stock Exchange (NSE), Advit Jewels shares were listed at Rs 188.90 per share, translating to a premium of 36.88 percent over the initial offering price. The...

Hindustan Copper Limited Updates Key Managerial Personnel Contact Details Hindustan Copper Limited has provided an update detailing the contact information for its Key Managerial Personnel (KMP). The personnel listed are authorized to provide disclosures regarding materiality of events and company information.The following individuals hold KMP positions within the company:Sr. No.Name of KMPDesignationContact Details1.Shri Anupam MisraChairman & Managing DirectorTelephone: +91 33 2202 1000 Email: cmd@hindustancopper.com2.Dr. Sajeev Kumar SinhaDirector (Operations)Telephone: +91 33 2202 1000 Email: sanjeevkumarsinha@hindustancopper.com3.Shri RVN VishweshwarDirector (Finance) & CFOTelephone: +91 33 2202 1000 Email...

FMCG Giant Functional & Innovative Fires Up IPO Campaign to Fuel Expansion and Tackle Loan Burden Tamil Nadu's functional food manufacturer, Functional & Innovative Foods, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India. The move marks a significant step for the company as it seeks capital through an Initial Public Offering (IPO). This public listing is intended to fund aggressive expansion plans and assist in critical loan repayment obligations.The IPO structure includes a fresh issue of 60 lakh shares. Additionally, there will be an Offer-For-Sale (OFS) component comprising 25 lakh shares offered by promoter Senthil Kumar Chinnusamy. Beeline Capital Advisors has been appointed as the...