Markets

Balmer Lawrie Announces Change in Senior Management Due to Superannuation Balmer Lawrie & Company Ltd has announced a change concerning its senior management team, noting the cessation of duties for one of its senior executives.The company confirmed that Shri Amitabh Bandyopadhyay will cease being the Senior Vice President (Technical) and a member of the Senior Management as defined in the relevant regulations.This transition is due to his superannuation. The change is effective starting July 1, 2026.Details regarding the status change are presented below:ParticularsDetailsExecutive NameShri Amitabh BandyopadhyayPrevious DesignationSenior Vice President (Technical) and part of Senior ManagementReason for...

Mahindra EPC Irrigation Ltd Renews Auditor Transition as K. N. Vaidyanathan Ceases Role Mahindra EPC Irrigation Ltd has announced the conclusion of Mr. K. N. Vaidyanathan's tenure as the Internal Auditor of the company. The transition is effective from the close of business hours on June 30, 2026.The cessation was linked to the conclusion of his term as the Group Chief Internal Auditor of Mahindra and Mahindra Limited, the Holding Company.Mahindra EPC Irrigation Ltd expressed sincere appreciation and heartfelt gratitude for the valuable contributions made by Mr. K. N. Vaidyanathan during his tenure with the company.Details regarding this change are presented below:AspectDetailAuditorMr. K. N. Vaidyanathan (Chartered...

HDFC Bank Clears Governance Hurdle: Jagdishan's Reappointment Likely Before July 18 Path to Stability as HDFC Banks Board Awaits Key Appointments The path towards complete corporate stability at HDFC Bank has seen a significant development. The bank’s Governance, Nomination and Remuneration Committee (GNRC) is set to deliberate on Sashidhar Jagdishan's candidature for reappointment as Managing Director and CEO. This crucial decision is anticipated between July 15 and July 17.This deliberation follows the appointment of former finance secretary Rajiv Kumar as a part-time non-executive chairman on June 29. The appointment of Mr. Kumar is subject to approval from the Reserve Bank of India (RBI).According to sources, the board will...

ITCONS E-Solutions Ltd Bags INR 55 Lakh Contract for Manpower Outsourcing from Ministry of Defence ITCONS E-Solutions Ltd has secured a contract with the DG of Defence Estate, Department of Defence under the Ministry of Defence. The agreement involves providing manpower outsourcing services to the defense sector and holds a total value of INR 5518664.48.The contract outlines the deployment of five resources for a period of one year. ITCONS E-Solutions Ltd is set to commence work on July 01, 2026, with the contract scheduled to run until June 30, 2027, unless further extension is mutually agreed upon by both parties.This deal marks a significant milestone for the company and highlights the trust placed in ITCONS E-Solutions Ltd by...

Ceigall India Secures Road Maintenance Contract from Delhi Public Works Department for Rs 330.84 Crores Ceigall India Limited (CIL) has secured a significant contract related to road maintenance and strengthening works in the South Maintenance Zone of the Delhi Public Works Department (PWD). CIL emerged as the L1 bidder following the opening of financial bids on June 29, 2026, for Tender ID: 2026_PWD_289374_1.The contract awarded by the Public Works Department in Delhi amounts to Rs 330.84 Crores (including GST). This bid amount is approximately 29% above the estimated tender cost of Rs 256.46 Crores set by the PWD.The contract involves various strengthening and other works across roads within the South Maintenance Zone of the PWD...

Greaves Cotton Establishes Dubai Subsidiary to Accelerate International Growth Greaves Cotton Limited, one of India's leading diversified engineering companies, has established its wholly owned subsidiary, Greaves International Trading FZE (GITFZE), in Dubai, United Arab Emirates (UAE). This move marks a significant step in the company’s strategy to expand its international presence.Greaves International Trading FZE will function as a regional hub for international trading and distribution, strengthening Greaves Cotton's business footprint across the Middle East and Africa. By leveraging the strategic location of the UAE, the subsidiary is positioned to engage closely with customers and partners in high-growth international markets...

NTPC Declares Full Commercial Operation of Ramagundam Solar PV Project After Final Commissioning NTPC Limited announced that its 176 MW Solar PV Project at Ramagundam in Telangana has achieved full commercial operation following the commissioning of the third and last part capacity. The achievement brings the solar project to a complete operational status, boosting the group’s total installed capacity.The completion was finalized on June 30, 2026, when NTPC declared the commercial operation of the 41.6 MW component of the project. This milestone solidifies the transition of the entire 176 MW facility into full operational status.The development of the Ramagundam Solar PV Project has progressed through several stages. The first and...

Board Meeting Outcomes: Samay Project Services Limited Approves Key Appointments and Annual General Meeting Details The Board of Directors of Samay Project Services Limited, which met on June 30, 2026, addressed several critical aspects of the company’s operational and governance structure. The meeting covered matters ranging from directorial re-appointment to the necessary preparations for the forthcoming Annual General Meeting (AGM).During the Board meeting, the directors considered and approved the recommendation for Mrs. Santhi Karthikeyan (DIN: 01162199) regarding her re-appointment by rotation at the subsequent Annual General Meeting.Key decisions finalized by the Board included:General Meeting Approval: The Notice calling...

IRFC Appoints New Finance Director and CFO as Board Reorganizes Key Management Personnel Indian Railway Finance Corporation Limited (IRFC) has appointed new senior management and directors following a meeting of its Board held on June 30, 2026. The decisions involved key appointments in the finance domain, including the addition of an External Director (Finance) and the appointment of a Chief Financial Officer (CFO).Shri Ranjay Choudhary has been co-opted as an Additional Director (Finance) to the Board for a period of five years. His appointment follows recommendations from the Nomination and Remuneration Committee and the Audit Committee. Dr. Choudhary, who holds a Bachelor of Commerce (Honours) and a Master of Commerce from Ranchi...

Refex Industries Ltd Approves FY 2025-26 Annual Report and Announces Key Dates for 24th Annual General Meeting Refex Industries Ltd has completed its Board of Directors meeting, during which it reviewed and approved critical operational documents for the fiscal year 2025-26. The board also convened the details for the company's forthcoming 24th Annual General Meeting (AGM).The Board of Directors considered and sanctioned the annual report covering FY 2025-26. This comprehensive report includes Audited Financial Statements, the Board’s Report, Management Discussion and Analysis Report, Corporate Governance Report, Business Responsibility and Sustainability Report, and the Corporate Social Responsibility Report.24th AGM Details and...

Patel Integrated Logistics to Hold Strategic Meeting with Japanese Company Patel Integrated Logistics Limited has announced plans to hold a strategic business meeting with a leading Japanese company in June 2026. The gathering is intended to explore potential avenues for a strategic business partnership and mutual cooperation within the logistics sector.The senior management of Patel Integrated Logistics Limited is scheduled to conduct the Strategic Business Meeting on July 07, 2026. The discussions are expected to facilitate an exchange of strategic perspectives aimed at assessing the feasibility of future business associations, provided they are found commercially viable by both organizations.The company clarified that the...

Fibe Files Landmark IPO with Global VCs TPG and Fidelity; Aims for ₹750 Crore Raise Pune-based fintech platform Fibe has officially filed its preliminary prospectus papers with the Securities and Exchange Board of India (SEBI) to conduct an Initial Public Offering (IPO). The move signals a major capital raising push for the rapidly growing consumer lending firm.The company proposes to mobilize ₹750 crore through the issuance of fresh equity shares. Furthermore, the IPO will include an Offer-for-Sale component where investors will dispose of 4 crore equity shares.IPO Structure and Fund Utilization Fibe is moving forward with its fundraising strategy as part of a larger push for growth in the lending sector. The company intends to...

Zaggle Prepaid Ocean Services Ltd Signs Agreement with APAC Financial Services for Software Provisioning Zaggle Prepaid Ocean Services Limited has signed an agreement with APAC Financial Services Private Limited, securing a multi-year contract involving the provision of its enterprise software platforms. The deal was finalized on June 29, 2026.The agreement stipulates that Zaggle will provide the Zoyer Platform along with the Zaggle Save system to APAC Financial Services Private Limited. These tools pertain to employee expense management and benefits administration.This contract represents a domestic transaction, and it is set for execution over a five-year period.Key details regarding the order or contract have been recorded...

MSME Sector Shows Extreme Resilience as Rs 1 Lakh Crore Disbursed Against West Asia Crisis Backdrop Micro and Small Enterprises Exhibit Resilience Amid Geopolitical Strain Micro, small, and medium enterprises (MSMEs) in India have demonstrated extraordinary resilience despite the ongoing instability linked to the West Asia crisis. MSME Secretary Bharat Khera stated that the sector's "bad days are gone," acknowledging the industry's tenacity during challenging economic times.The Government has actively intervened to support these businesses. Approximately Rs 1 lakh crore has been disbursed under the Emergency Credit Line Guarantee Scheme 5.0 (ECLGS) to help MSMEs mitigate severe liquidity crunch. Khera emphasized that this effort was...

Mysore Paper Mills Ltd Announces Change in Board Meeting Time for June 30, 2026 Mysore Paper Mills Ltd has adjusted the schedule for its upcoming Board of Directors meeting. The company announced that the meeting, originally set for 5:00 pm on June 30, 2026, will now be held at 3:00 pm on the same date.The adjustment pertains to the Board Meeting scheduled for June 30, 2026. While the timing of the meeting has changed, all agenda items remain unchanged as previously notified by the company.Stock Price Movement Mysore Paper Mills Ltd settled at ₹7.42 on Monday with zero percentage change, reflecting its operational status during the close of trade. Throughout the session, shares moved within a tight intraday range, testing lows near...

Cosmic CRF Limited Announces Change in Designation of Mrs. Purvi Birla Cosmic CRF Ltd has announced a change in the designation of Mrs. Purvi Birla, who is stepping down from her role as Whole-Time Director but will continue serving on the board as a Non-Executive Non-Independent Director. The transition is effective from July 01, 2026.The company confirmed that Mrs. Birla made this decision due to personal and professional commitments. Following notification of this change, the Board of Directors accepted her discontinuation from the office of Whole-Time Director, approving the shift in designation based on recommendations from the Nomination and Remuneration Committee.Mrs. Birla will continue serving as a Non-Executive...

Vaidya Sane Ayurved Laboratories Secures Indian Patent for Herbal Formulation Method Vaidya Sane Ayurved Laboratories Limited has been granted an Indian Patent by the Office of the Controller General of Patents, Designs and Trade Marks, Government of India. The patent pertains to an innovative method of preparation of herbal formulation.The grant provides the company with statutory intellectual property protection for the invention. Details regarding the newly granted patent are as follows:ParticularsDetailsPatent TitleMethod of Preparation of Herbal FormulationPatent Number593487Patent Application No.201921049131Date of FilingNovember 29, 2019Date of GrantJune 25, 2026PatenteeVaidya Sane Ayurved Laboratories...

Auto Stocks Surge on Bullish Brokerage Calls as Value Buying reverses Early Losses Auto stocks reversed a sharp downward trend and traded in the green on Tuesday after value buying emerged, lifting overall sector sentiment. The Nifty Auto index, which had struggled earlier in the session, erased all its losses to touch an intraday high of 26,629.65, moving up 0.8 percent.The recovery was supported by stock-specific interest amid a period of consolidation for the auto sector over recent months. Stocks like Maruti, Ather Energy, and Minda Corp are cited as potential short-term outperformers due to strong price-volume action.Market Rebound Amidst Policy Headwinds Earlier in the session, the Nifty Auto index experienced significant...

Dixon Technologies Stock Jumps as Govt Nod for Vivo Joint Venture Nears Shares of Dixon Technologies witnessed a significant rally in intraday trading after reports surfaced that the government is nearing approval for its proposed joint venture (JV) with Vivo. The stock, which traded at Rs 12,082, managed to climb by 2.35% as market expectations rose regarding the impending partnership.Imminent Government Approval Fuels Rally for Dixon Technologies Dixon Technologies saw its shares surge up to 3.15% on Tuesday following a report detailing the status of the joint venture with Vivo. According to sources cited by CNBC-Awaaz, the process for issuing the formal approval letter is in its final stages. The government is now expected to...

The Federal Bank Allots Equity Shares from Stock Option Schemes The Federal Bank Limited has completed the allotment of equity shares following the exercise of stock options by grantees under several employee schemes. The allotments were made subsequent to payment of funds by the option grantees and received approval from the Nomination, Remuneration, Ethics and Compensation Committee.The bank allotted a total number of equity shares across four different Employee Stock Option Schemes (ESOS and ESIS). All shares have a face value of Rs. 2 each.Details of the allotments made on June 30, 2026, are as follows:ESOS 2010 Scheme: A total of 3,500 equity shares were allotted to option grantees. ESOS 2017 Scheme: The allotment included...