Markets

Tata Communications Issues ₹350 Crore Commercial Paper with Fixed Redemption DateTata Communications Limited has successfully issued and allotted Commercial Paper aggregating to ₹350 crore. The financial instrument was released on June 29, 2026, and is scheduled for redemption in September 2026.The Commercial Paper offering provides investors details regarding the security's structure and terms. This transaction involves a face value of ₹5,00,000 per security, offered with a discount rate of 6.80% per annum.Details of the Commercial Paper issuance are as follows:Description of SecurityDetailSize of Issue₹350 croreDate of IssueJune 29, 2026Date of RedemptionSeptember 28, 2026Face Value per Security₹5,00,000...

Adani Ports Achieves ESG Rating Upgrade from CRISIL ESG Ratings & Analytics Limited Adani Ports and Special Economic Zone Limited has seen an improvement in its Environmental, Social, and Governance (ESG) standing, following a review conducted by CRISIL ESG Ratings & Analytics Limited. The company’s overall ESG rating and Core ESG rating have both been upgraded.CRISIL ESG Ratings & Analytics Limited assigned the Company an overall ESG rating of 'CRISIL ESG 67', which is an upgrade from its previous rating of 'CRISIL ESG 61'. Simultaneously, the Core ESG rating was set at 'CRISIL Core ESG 70', marking an improvement from the former rating of 'CRISIL Core ESG 67'.The assessment confirms that Adani Ports continues to maintain placement...

WeWork India Management Announces Board Meeting to Approve Q1 Financial Results and Declares Trading Window Closure WeWork India Management Limited has scheduled a meeting of its Board of Directors to review and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026.The Board meeting is set to take place on Thursday, July 16, 2026, where the company will consider and approve the financial outcomes for that period.In addition to the board announcement, the company has stipulated trading restrictions concerning its securities. The trading window for dealing in the securities of WeWork India Management Limited will remain closed starting from July 1, 2026, until 48 hours following the...

NTPC Limited Announces Changes in Senior Management Team NTPC Limited has reported changes within its senior management cohort, detailing departures and superannuation among executive directors as of June 30, 2026.The company provided details regarding three instances of change concerning Executive Directors (Senior Management), including one director who has ceased from the position and another who is retiring.Key personnel updates are outlined below:NameDesignationChange DetailsShri Sanjay Kumar SinhaExecutive Director (Senior Management)Cessation of roleShri Jagadish Chandra Sastry BhamidipatiExecutive Director (Senior Management)Superannuating on 30th JuneShri Jayadev ParidaExecutive Director (Senior...

Unimech Signs Long-Term Supply Agreement with FACC for Aerospace Components Unimech Aerospace and Manufacturing Limited has secured a long-term supply agreement with FACC Operations GmbH, Austria, to manufacture and supply precision-engineered aerospace components and flying parts. The deal follows a rigorous competitive global sourcing process and marks a significant step in Unimech's expansion into global aerospace production programs.The partnership between the Bengaluru-based company and the leading aerospace supplier, FACC, was established after an extensive engagement that involved technical evaluations, capability assessments, quality reviews, commercial negotiations, and deep discussions. The award reflects Unimech’s...

GEM Enviro Management Extends Timeline for Solluz Energy Acquisition<p>GEM Enviro Management Ltd has announced an update regarding its acquisition of shares in Solluz Energy Private Limited, noting that procedural delays will postpone the expected completion date.</p><p>The company had previously communicated that the Board of Directors had approved the acquisition of up to 26% stake in Solluz Energy Private Limited. The original target completion period for this transaction was set on or before June 30, 2026.</p<p>However, GEM Enviro Management has now revised the timeline. Due to ongoing procedural delays associated with completing the acquisition, the company expects the transaction to be completed on or before September 30...

Oyo's IPO Strategy: How Prism Plans to Deploy ₹6,650 Crore Amid Debt Repayment Focus Debt Reduction Dominates IPO Proceeds Plan Oyo's parent company, Prism, is strategically planning the use of its proposed Rs 6,650 crore Initial Public Offering (IPO). According to the updated draft red herring prospectus (UDRHP) filed with the Securities and Exchange Board of India (SEBI), nearly three-fourths of the IPO proceeds are earmarked for debt repayment.The company has allocated Rs 4,987.5 crore, representing approximately 75 percent of the total issue size, specifically towards the prepayment or repayment of existing borrowings. This aggressive move indicates a commitment to strengthening its financial structure ahead of its public market...

GST Appellate Tribunal Deadline Extended: Government Pushes Appeal Filing Date to July 2026 Amid Portal Congestion The Government has announced a significant extension for taxpayers filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT). This regulatory move aims to provide necessary relief following heightened technical issues and overwhelming demand on the filing portal.Deadline Extended for GSTAT Appeals The deadline for submitting appeals under Section 112(1) read with Section 112(3) has been extended to July 31, 2026. This extension marks a change from the previously set due date of June 30, 2026.The revision was made following initial notification issued earlier in September 2025. The decision by the...

Everest Industries Ltd Sets Record Date for Final Dividend and Schedules 93rd Annual General Meeting Everest Industries Limited has announced key dates regarding its final dividend distribution for the financial year 2025-26, confirming the eligibility criteria and scheduling the company's 93rd Annual General Meeting (AGM).The Company set Monday, July 27, 2026, as the Record Date to determine the eligibility of members for the Final Dividend. This dividend is set at Rs. 1.00/- per equity share, which corresponds to a face value of Rs. 10/- per share for the financial year 2025-26.The record date details were set for all security codes issued by the NSE and BSE, with no book closure planned for this transaction.Key details...

Bypassing the Hype: Edelweiss Fund Steps Up as IPO Frenzy Cools, Offering Retailers A Strategic Entry Point India's Initial Public Offering IPO market is navigating a period of recalibration following record-breaking activity last year. While the frenetic IPO frenzy has tempered, concerns over valuations and deal sizes are rising among issuers. Amid this shift, Edelweiss Mutual Fund’s Recently Listed IPO Fund is emerging as a crucial alternative, providing retail investors a strategic pathway into newly listed companies outside the traditional offering window.The Slowdown in India's IPO Market The sheer volume of listings has seen a necessary slowdown across the board. Although over 100 companies are slated for listing on the...

Mankind Pharma Limited to Hold 35th Annual General Meeting on August 4, 2026 Mankind Pharma Limited has announced the date for its upcoming 35th Annual General Meeting (AGM) of its members. The company's AGM is scheduled to take place on Tuesday, August 4, 2026.The general meeting will be held at 03:30 p.m. (IST) and will utilize Video Conferencing or other Audio-Visual Means.In addition to the AGM, Mankind Pharma Limited confirmed that the Notice of the Annual General Meeting along with the Annual Report for the financial year 2025-26 will be dispatched to members in due course. Details regarding the company can also be found on its official website.MANKIND Stock Price Movement As of 12:06 PM, shares of Mankind Pharma Limited are...

Shah Metacorp Allots 97 Million Shares Through Rights Issue; Paid-up Capital Reaches ₹98 Crore Shah Metacorp Limited has announced the allotment of equity shares following its rights issue, boosting the company's paid-up capital. The Rights Issue Committee approved the allotment on June 30, 2026, after the offering was finalized.The company offered up to 10,24,68,139 equity shares of face value ₹ 1/- each at an issue price of ₹ 4.86 per Rights Equity Share. The committee subsequently approved the allotment of 9,71,63,362 Rights Equity Shares at the same issue price.The Rights Issue saw a strong response from eligible shareholders, with the net subscription reaching 94.82% of the Issue Size. The total amount raised through this...

NCLT Sanctions Amalgamation of DVS Industries with MM Forgings Ltd, Approving Scheme for Operational Synergies The National Company Law Tribunal (NCLT), Chennai Bench, has approved the Scheme of Amalgamation involving DVS Industries Private Limited and M M Forgings Limited. The approval streamlines the corporate structure following a hearing conducted on June 19, 2026. This move involves the amalgamation of DVS Industries Private Limited, a wholly-owned subsidiary (Transferor Company), with M M Forgings Limited (Transferee Company).The Scheme provides for the complete integration of operations between the two entities. The rationale behind the amalgamation includes achieving synergies in various projects through resource utilization...

Adani Energy Solutions Achieves Excellent ESG Rating from ESG Risk Assessments Adani Energy Solutions Limited has received an updated ESG rating, reflecting the company's dedication to sustainable operations and transparent practices. The assessment was carried out by ESG Risk Assessments and Insights Limited (ESG Risk.ai) on June 30, 2026.The assignment of this rating highlights Adani Energy Solutions’ ongoing commitment toward environmental and social governance standards within its industry. The evaluation by the specialized agency resulted in a high score and a favorable category designation.Rating AgencyRating ScoreRating CategoryRating ActionESG Risk Assessments and Insights Limited73/100ExcellentAssignedThe rating...

Newgen Software Technologies Reports Unavailability of CMD Amid Health Concerns Newgen Software Technologies Limited has confirmed that its Chairman and Managing Director, Mr. Diwakar Nigam, has been indisposed due to pneumonitis-related health issues. The disclosure relates to a period where Mr. Nigam was unavailable to discharge his duties in a regular manner for more than forty-five days within a rolling ninety day period, covering the timeframe from April 2026 to June 2026.The company reported that Mr. Nigam was intermittently hospitalized during May 2026 and June 2026 due to his health condition. While unavailable for sustained executive duties, it was noted that he remained available for certain crucial meetings and key decision...

Momentum Drives Mega Rallies: Stock Picks Like Radico and Federal Bank Smash 52-Week Highs In a market characterized by mixed directional cues, select stocks captured significant investor attention on June 30. These companies demonstrated strong technical momentum and sustained buying interest, with numerous names achieving fresh 52-week highs despite broader volatility. The performance highlights the resilience of specific segments within the stock markets.Stocks Achieve Fresh 52-Week Highs Amid Sustained Buying Interest A large group of companies registered significant rallies, marking new one-year peaks due to robust buying support. Among those scaling fresh highs were Radico Khaitan, Caplin Labs, and Federal Bank. The momentum was...

Ceigall India Secures 220 MW Solar-BESS PPA in Madhya Pradesh to Expand Clean Energy Portfolio Ceigall India Limited, a fast-growing infrastructure company, has achieved a significant milestone in its push into clean energy through a Power Purchase Agreement (PPA). The agreement involves the construction and operation of a solar power and Battery Energy Storage System (BESS) project.The PPA is executed by Ceigall Morena Solar BESS Park Limited, a wholly-owned subsidiary of Ceigall India, with Rewa Ultra Mega Solar Limited. This venture will be located at the Morena Solar Park in Madhya Pradesh and focuses on renewable energy infrastructure.Project Details and Financials The tariff based project combines solar power generation...

IT Sector Plunges as US Rate Fears Cloud Outlook; Infosys, TCS Lead Massive Selloff The Nifty IT index experienced significant selling pressure on Tuesday, sinking for a third consecutive trading session. Heavyweight stocks like Wipro, Infosys, Tata Consultancy Services (TCS), and HCLTech were among the primary laggards in the market. This broad-based decline was primarily attributed to growing concerns that US interest rates might remain elevated for an extended period.At 11:06 am, the Nifty IT index stood down 1.95 percent, marking it as the largest sectoral decliner on the NSE. For comparison, the benchmark Nifty 50 declined by 0.27 percent. The sector has consequently lost approximately 4 percent over the past three trading...

CareEdge Ratings Upgrades Yes Bank Bonds, Reaffirms Deposits Rating Amid Asset Quality Improvements CareEdge Ratings has upgraded long-term infrastructure and Tier II bonds of Yes Bank Ltd (YBL) to CARE AA+ / Stable and reaffirmed the rating for Certificate of Deposits. The ratings action reflects the bank's strengthening liability franchise, improving asset quality, and steady growth in core profitability, according to CareEdge.The upgrade applies to key long-term instruments issued by YBL. The ratings breakdown includes:InstrumentExisting Rating & OutlookActionInfrastructure Bonds, Tier II BondsCARE AA-/StableUpgraded to CARE AA+ / StableCertificate of DepositsCARE A1+Re-affirmed at CARE A1+These ratings cover...

Megastar Foods Limited Faces Appeals Before Commissioner (Appeals) Regarding Demands Megastar Foods Limited is currently involved in appeal proceedings before the Office of the Commissioner (Appeals), Central Goods & Services Tax Appeals Commissionerate, Ludhiana. The company is responding to a communication received regarding two distinct matters concerning tax demands and appeals.The matter involves an appeal filed by the Department before the Commissioner (Appeals) against the vacating or dropping of a demand totaling Rs. 6,22,93,620/-. Concurrently, Megastar Foods Limited has also appealed to the Commissioner (Appeals) regarding the confirmation of a demand amounting to Rs. 1,82,82,724/ along with related interest and penalty...