Markets

Godavari Biorefineries Reappoints Directors Following Shareholder Approval Godavari Biorefineries Limited has announced the re-appointment of two key directors, Mr Nitin Mehta and Dr Sangeeta Srivastava, following a shareholder approval obtained through a Postal Ballot Notice on May 22, 2026.The company confirmed that these appointments are subject to shareholder approval. The board moved forward with the re-appointments of both individuals as part of its governance updates.Mr Nitin Mehta was re-appointed as an Independent Director. His appointment tenure covers a period of five years, beginning from July 1, 2026. The company stated that there is no inter-se relationship between Mr Mehta and any other director. Furthermore, he has...

L&T Technology Services Launches Ainfonix 4.0 AI Platform to Boost Engineering Intelligence in Process Industries L&T Technology Services (LTTS), a global provider of Engineering Intelligence Solutions and R&D Consulting Services, has launched Ainfonix™ 4.0, a next-generation Enterprise AI platform designed specifically for process industries. Unveiled at EI Live, the launch marks a significant step in LTTS' strategy for Enterprise AI and Engineering Intelligence.The enterprise AI platform addresses the critical challenge where decades of engineering knowledge remains trapped within fragmented drawings, specifications, and technical records across various disparate systems. Without trusted and accessible engineering data...

Himadri Speciality Stock Surges as Company Unveils Plan to Build 100 GWh Battery Material Facility Himadri Speciality Chemical shares saw positive movement on Tuesday, responding to the news that the company plans a significant expansion in battery material manufacturing. The stock settled 0.27 percent higher at Rs 677.35 per share on the NSE.The buying interest was primarily driven by the announcement of a new project: establishing a 100 GWh facility dedicated to producing cathode and anode materials for electric vehicle (EV) batteries, as reported by The Hindu. During the trading session, the stock climbed 2.63 percent, reaching an intraday high of Rs 693.30.Strategic Expansion in Battery Materials The planned manufacturing...

Affordable Housing Lenders Set for Major AUM Growth as Resilience in Tier 2 Markets Secures Sector Future Affordable housing finance companies (A-HFCs) are forecast a strong growth trajectory over the next two years, with assets under management (AUM) expected to expand by 19-20% during FY27 and FY28. This sustained growth mirrors the nearly 19% increase recorded in the previous fiscal year, according to a detailed report by Crisil Ratings.Growth Forecast for Affordable Housing Finance Companies The foundation of this healthy growth trajectory remains solid fundamentals across the sector. Home loans currently account for approximately 68% of A-HFCs' portfolio and are projected to expand by 17-18% over the next two fiscal years.Loans...

Lloyds Engineering Works Stake Diluted in Defence Subsidiary Following Equity Private Placement Lloyds Enterprises Limited has seen a change in the ownership structure of its material subsidiary, Lloyds Advance Defence Systems Limited (LADSL), following the approval and allotment of an equity private placement.The transaction resulted in a dilution of shares held by Lloyds Engineering Works Limited (LEWL) in LADSL. This corporate action transitioned LADSL from being a wholly-owned subsidiary of LLoyds Enterprises Limited to a subsidiary holding 85% stake controlled by LEWL.LADSL approved the private placement of equity shares at its Extraordinary General Meeting held on June 24, 2026. Subsequently, the Board of Directors of LADSL...

Mann Fleet Partners Files IPO, Aims to Settle ₹75 Crore Debt Amid Strong Operating Profit New Delhi-based car rental services provider, Mann Fleet Partners, has officially filed its draft IPO papers with the Securities and Exchange Board of India (Sebi). The company is raising funds through the public offering primarily to repay outstanding borrowings. This move signals a strategic effort by the firm to strengthen its financial structure while expanding operations.IPO Structure Details for Market Participants The proposed Initial Public Offering details are laid out in the draft red herring prospectus (DRHP), filed on June 29. The offer includes a fresh issue comprising 60.12 lakh shares. Additionally, there is an Offer For Sale (OFS)...

India Pivots Oil Sourcing: State Refiners Accelerate Diversification After Middle East Supply Shock India's major state-owned oil refiners are planning a significant strategic pivot, reducing their reliance on long-term contracts with producers in the Middle East. This move comes after the recent Iran war exposed critical vulnerabilities in the nation’s energy imports, leading to shortages and higher costs for processors. Sources familiar with the matter have confirmed that companies like Indian Oil Corp., Bharat Petroleum Corp., and Hindustan Petroleum Corp. are actively recalibrating their procurement strategies.Shifting Procurement Strategy Away from Traditional ME Ties The refiners are seeking to trim the volume purchased from...

Noel Tata Set to Step Down as Voltas Chairman Amid Broader Consumer Durables Market Surge Outlook The transition of leadership at the helm of major conglomerates is a significant movement in the market. Noel Tata, chairman of Voltas, has announced his upcoming departure from the role, coinciding with broader industry discussions regarding India's burgeoning consumer durables sector.Tata informed shareholders during the company's 72nd annual general meeting on Tuesday that it would be his final year as chairman. This move reflects a planned succession within the Tata Group’s governance structure.Corporate Governance and Leadership Transition The news comes after Mr. Tata also stepped down from the chairmanship of Trent, the retail...

Paras Defence Secures Exclusive IP License for Counter-Drone Technology Paras Defence and Space Technologies Limited has signed an Intellectual Property (IP) License Agreement with Tandem Defense LLC, securing an exclusive right to utilize advanced technology within India.Tandem Defense LLC, which is a wholly owned subsidiary of Autonomous Power Corporation, Delaware (referred to as 'Powerus'), granted the license to Paras for Guardians Interceptor Technology. Through this agreement, Powerus provides Paras Defence an exclusive license to use the Licensed IP solely within India for the purpose of manufacturing and commercializing related Products domestically.The licensed technology, Guardian-1 Interceptor, is a high-speed...

Sp Refractories Limited Reaffirms Disclosures Following NSE Query on Stock Price Movement Sp Refractories Limited has responded to a query from the National Stock Exchange of India regarding significant movement in its equity share price, affirming that all material information affecting the company’s performance has been regularly disclosed.The clarification addresses the concerns raised by the NSE concerning the recent volatility in the stock price of Sp Refractories Limited (SPRL).In its response, the company stated that it had provided timely and accurate disclosures to the Stock Exchange regarding all material information pertaining to the operations and performance of the company. This included fulfilling all necessary...

IKIO Technologies Schedules Analyst Meeting in Noida with Suraag Capital IKIO Technologies Limited has scheduled a meeting for analysts and institutional investors, focusing on operational discussions and presentations regarding the company's performance. The event is planned as part of the ongoing engagement process with the financial community.The company has confirmed the details for a dedicated investor interaction session with Suraag Capital. This meeting involves a plant visit to provide participants with insight into company operations.Details of the scheduled Investor/Analyst Meeting:PartnerDateLocationModeTimeSuraag Capital03-July-26NoidaPlant Visit04:00 PM - 06:00 PMThe company confirmed that the Investor...

Rohan Verma Appointed Joint Managing Director at MapmyIndia to Lead Deep-Tech Innovation C.E. Info Systems Ltd, commonly known as MapmyIndia, announced the appointment of Mr. Rohan Verma as Joint Managing Director of the company, effective July 1, 2026. MapmyIndia is recognized as a leading advanced digital maps and deep-tech products and platforms company in India.Rakesh Verma, Chairman & Managing Director at MapmyIndia, commented on the strategic significance of the appointment. He stated that Mr. Rohan Verma will lead the advancement of the company's AI-native deep-tech solutions alongside the internal team. The focus areas include leveraging artificial intelligence (AI), geospatial intelligence, and Internet of Things (IoT) to...

Connplex Cinemas Limited Opens New Facility in Junagadh, GujaratConnplex Cinemas Limited, formerly known as VCS Industries Limited, has announced the launch of a new cinema facility located in Junagadh, Gujarat. The new multiplex is equipped to provide state-of-the-art entertainment experiences for patrons.The newly opened cinema features 3 screens and provides seating capacity for 157 guests. To ensure a premium viewing experience, the facility has been outfitted with cutting-edge technology. This includes advanced Dolby 7.1 audio systems, highperformance sound systems, and modern screens.CONNPLEX Stock Price Movement Connplex Cinemas Limited shares edged higher today, settling at ₹198.75 after achieving a 0.79% gain in the...

BEML Limits announces cessation of Executive Director following superannuationBangalore (30/06/2026) BEML Limited has announced that Shri Yogananda HR will cease his role as Executive Director (Offg.) in the H&P Division. The change is effective from the closing hours on 30/06/2026, consequent to his superannuation.BEML Limited maintains its status as a Schedule 'A' Company under the Ministry of Defence, Government of India.The company operates across several critical sectors, including Defence & Aerospace, Mining & Construction, and Rail & Metro.BEML Stock Price Movement Today, BEML Limited shares rallied, closing higher by 3.16% to settle at ₹1760.4. The stock traded within an intraday range spanning from a low of ₹1713.1 to a...

NCLAT Directs Halt on Resolution Voting and Property Sales at Supha Pharmachem Ltd Till June 29, 2026 The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has issued a protective order for Supha Pharmachem Limited, directing that the Committee of Creditors (CoC) shall refrain from voting on any Resolution Plan and no immovable property of the Corporate Debtor should be sold until June 29, 2026.The decision comes following an appeal filed by Medec Infra Private Limited, which challenged the Resolution Professional's determination regarding its status as a related party and subsequent exclusion from the Committee of Creditors (CoC). The matter pertains to Supha Pharmachem Ltd, formerly known as Remedium...

Ganesh Housing Ltd Announces Change in Senior Management Personnel, Promotes Rishit Patel to President (Treasury) Ganesh Housing Ltd has announced changes within its senior management team, effective June 30, 2026. The company reported the retirement of Mr. Rajendra M. Patel from his role as President (Treasury), and the subsequent promotion of Mr. Rishit Patel.Mr. Rajendra M. Patel will retire from the services of Ganesh Housing Ltd, with effect from closing of business hours on June 30, 2026.In response to this transition, Mr. Rishit Patel has been promoted to President (Treasury) of the company. His appointment is effective from July 01, 2026.Mr. Patel has been associated with Ganesh Housing Limited since July 01, 2015. He...

Curbing Oil Dependence? Bernstein Warns India's Flex-Fuel Push Risks Overshadowed by EV Revolution A major report from brokerage Bernstein suggests that India's ambitious flex-fuel and ethanol blending program, while technically achievable, may yield only modest economic returns as electric vehicles (EVs) and other alternatives rapidly gain traction. The findings caution policymakers against committing vast capital to a nationwide flex-fuel ecosystem without critical market shifts.Modest Economic Gains Predicted from High Ethanol Blends While India has achieved the 20 percent ethanol blending milestone in petrol, reaching this goal ahead of schedule, the outlook for aggressively expanding these mandates remains tempered. Bernstein...

Associated Ceramics Limited Schedules Board Meeting to Discuss Voluntary Delisting from Calcutta Stock Exchange Associated Ceramics Ltd has scheduled a meeting of its Board of Directors to address matters related to the potential voluntary delisting of its equity shares from The Calcutta Stock Exchange Limited (CSE).The Board meeting is set to be held on Friday, July 3, 2026.The agenda for the board members will include considering the voluntary delisting of the Company’s Equity Shares from the CSE, as per the provisions of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021, along with any relevant amendments to these regulations.Furthermore, the meeting is scheduled to discuss any other...

Rajoo Engineers Limited Completes Transition of Management as Sunil Jain Shifts Role Rajoo Engineers Limited has announced a significant change in its management structure, effective June 30, 2026. The Board of Directors approved the transition regarding Mr. Sunil Jain, who ceased his tenure as a Whole-Time Director and subsequently took on a new role within the company.Mr. Sunil Jain concluded his term as a Whole-Time Director of Rajoo Engineers Limited with effect from the closing business hours on June 30, 2026. This change in status follows the completion of his tenure as a Whole-Time Director.In a subsequent move, and based on recommendations from both the Nomination and Remuneration Committee and the Audit Committee, Mr. Sunil...

Nifty Sinks Below Key Levels Amid Sectoral Drag as Auto Stocks Face EV Scrutiny Indian benchmark indices concluded a highly volatile trading session on the June derivatives expiry day, ending lower across most sectors. The Sensex shed 249.70 points, while the Nifty closed at 23,865.75, erasing significant early gains within the hour of trade. This selling pressure extended losses for the second straight session as investors booked profits in heavyweight stocks.Market Performance and Sectoral Divergence The Sensex finished at 76,478.67, down 0.33 percent. The Nifty was recorded at 23,865.75, marking a decline of 0.34 percent after touching an intraday low of 23,829.20. While the main indices struggled to gain ground, broader market...