Markets

Fairchem Organics Ltd's Credit Rating Reaffirmed by CARE Ratings for Bank Facilities Fairchem Organics Ltd has seen its credit ratings reaffirmed by CARE Ratings Limited following an annual review, covering various long term and short term bank facilities. The reaffirmation provides a strong indication of the company's financial stability across its lending requirements.CARE Ratings Limited issued the rating notice confirming the status of these facilities. The reaffirmation covers several key categories of banking arrangements utilized by Fairchem Organics Ltd.A detailed overview of the facilities, their amounts, ratings, and the action taken is presented below:FacilitiesAmount (Rs. Crores)RatingActionLong Term Bank...

Apar Industries Approves Up To INR 2,500 Crore Fund Raising Plan Apar Industries Limited has approved a proposal for raising significant funds through various securities issuances following a meeting of its Board of Directors held on June 30, 2026. The board resolution paves the way for a major capital infusion project, pending requisite shareholder and regulatory approvals.The company's Board considered and approved a plan to raise funds up to an aggregate amount of INR 2,500 Crores. This funding can be secured through several methods including qualified institutions placement, rights issue, preferential allotment, or any combination thereof. The resolution also outlined the need to seek formal shareholder approval via postal ballot...

Embassy REIT and Hilton Launch Hilton Garden Inn at Bengaluru TechVillage, Boosting Hospitality Infrastructure Embassy Office Parks REIT and Hilton have jointly announced the opening of the new Hilton Garden Inn hotel in Bengaluru. The launch marks a significant expansion of hospitality services within Embassy TechVillage, one of Bengaluru's primary business parks located on Outer Ring Road.The new 211 key hotel is strategically situated within Embassy TechVillage, which hosts numerous leading global corporations across sectors such as technology, financial services, consulting, and global capability centers. The opening serves as the first phase of a larger upcoming 529 key dual branded Hilton development at the site. This initiative...

SML Mahindra Ltd Announces Change in Internal Audit Leadership SML Mahindra Limited Trucks & Buses has announced changes regarding its internal audit function following a Board meeting held on June 30, 2026. The company confirmed the cessation of one auditor and the appointment of another individual to oversee its internal audit operations.K. N. Vaidyanathan ceased his role as the Internal Auditor of SML Mahindra Limited with effect from the close of business hours on June 30, 2026. This change occurred upon the conclusion of his tenure as the Group Chief Internal Auditor of Mahindra & Mahindra Limited, Holding Company.The company announced the appointment of Mr. Vimal Agarwal as the new Internal Auditor. His appointment is...

Muthoot Capital Services Ltd Approves Allotment of ₹150 Crore Senior Secured NCDs in Private Placement Muthoot Capital Services Ltd (MCSL) has announced the approval for the allotment of Non-Convertible Debentures (NCDs) through a private placement route. The company approved the issue of 15,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferrable NCDs, each with a face value of ₹1,00,000/-.The total aggregate size of the proposed debt issuance stands up to ₹150 Crores. This private placement transaction adheres to the terms and conditions specified in the associated transaction documents. The company confirmed that these NCDs are planned for listing on BSE Limited.Key Transaction Details The Debenture Issue and...

Railtel Corporation of India Secures 10-Year Technology Partnership with Thane Municipal CorporationRailtel Corporation of India Limited has secured a major technology partnership through a Letter of Intent from the Thane Municipal Corporation. The contract awards Railtel the role of Technology Partner for the development, upgradation, implementation, operation, and maintenance of the DigiThane Citizen Engagement Platform.The agreement extends for a period of 10 years and involves a significant domestic order, as confirmed by the company. Railtel received the order on June 29, 2026.The partnership details are summarized below:AspectDetailEntity Awarding OrderThane Municipal CorporationNature of OrderTechnology Partner...

Asian Stocks Surge to Record Quarter as Dollar Dominance Sinks Gold and Yen Plummets Asian equity markets closed strong on Tuesday, capping off a remarkably bullish quarter for many regional indices. While the resilience of Asia's technology sector set up massive rallies, commodity movements were defined by dollar strength, which drove gold to its largest quarterly decline in more than ten years. The surge comes as global focus shifts ahead of key US economic data releases and Federal Reserve commentary.Asian Indices Roar Ahead on Tech-Driven Rallies The momentum in Asia remains disproportionately strong, driven largely by chipmakers across multiple regions. Japan's Nikkei saw a 1.6% rise and is poised for an outstanding quarterly...

Magellanic Cloud's Subsidiary Secures Letter of Intent from Manappuram Finance for AI-Powered E-Surveillance Mumbai, June 30, 2026 — Magellanic Cloud Limited (NSE: MCLOUD), a provider of technology solutions, has announced that its wholly-owned subsidiary, IVIS International Private Limited, has received a Letter of Intent (LOI) from Manappuram Finance Limited. The proposed partnership focuses on delivering outsourced Command & Control Centre (CCC) e-surveillance services across Manappuram Finance's branch network.Under the scope of the proposed engagement, IVIS is set to deploy a comprehensive, end-to-end security solution across the gold loan institution’s extensive operations. This rollout involves the supply, installation...

Northeast Broking Services Sells Equity in MTAR Technologies Ltd Northeast Broking Services Limited has completed the disposal of equity shares in MTAR Technologies Limited, reducing its stake in the company. The sale was reported on 29 June 2026.The sale involves Northeast Broking Services Limited, a member of the promoter group of MTAR Technologies Limited. The organization sold a portion of its existing equity holdings in the technology firm.Prior to the disposal, Northeast Broking Services Limited held shares representing 12,500 units, amounting to 0.04% of the total voting capital of MTAR Technologies Limited. As part of the transaction, the company disposed of 2,500 shares, which represented 0.01% of the total diluted...

Aspinwall and Company Limited to hold 106th Annual General Meeting on July 23, 2026 Aspinwall and Company Limited has scheduled its 106th Annual General Meeting (AGM). The meeting is set for Thursday, July 23, 2026, starting at 11:00 A.M.The company has also fixed the record date for the AGM as July 16, 2026. This date determines the entitlement of members to cast their vote electronically for the business to be transacted during the Annual General Meeting. Furthermore, the record date is relevant for determining eligibility for any dividend that may be declared.ASPINWALL Stock Price Movement Shares of Aspinwall and Company Limited are edging higher to ₹254.39 as of 11:22 AM today, reflecting a solid 1.12% gain. The stock has seen...

True Green Bio Energy appoints Ms. Trusha Shah as Non-Executive Independent Director True Green Bio Energy Ltd., formerly CIL Nova Petrochemicals Ltd., has appointed Ms. Trusha Shah as an Additional Director designated as a Non-Executive Independent Director. The appointment is effective from June 30, 2026, and the position carries a term of five years, pending shareholder approval.The Board of Directors accepted the recommendation to appoint Ms. Shah for the role, with the director being granted tenure for five years starting on June 30, 2026.Ms. Trusha Shah is described as a qualified Company Secretary and an Associate Member of ICSI. She holds an M.Com from H.A. College of Commerce and possesses an LL.B degree from I.M. Nanavati...

SRM Contractors Bag Multiple High-Value Infrastructure Contracts Worth Over Rs 500 Crore SRM Contractors Limited has secured several significant infrastructure contracts from various government and state entities, totaling a contract value of Rs 5,00,99,20,213.10. The orders span diverse projects, including railway line protection work and road development in Maharashtra and Uttarakhand.The newly acquired contracts are with domestic organizations and cover complex infrastructure developments across multiple states and sectors. SRM Contractors Limited's portfolio now includes specialized assignments from MSIDC, Ministry of Road Transport & Highways (MoRT&H), and NFRLYConstruction.A detailed breakdown of the secured orders is...

True Green Bio Energy Appoints Ms. Trusha Shah as Non-Executive Independent Director The Board of Directors of True Green Bio Energy Ltd., formerly CIL Nova Petrochemicals Ltd., has approved the appointment of Ms. Trusha Shah as an Additional Director designated as a Non-Executive Independent Director. The appointment is effective from June 30, 2026, for a term of five years and is subject to shareholder approval.The decision was made following the recommendation of the Board Nomination and Remuneration Committee. Ms. Trusha Shah (DIN: 11782870) joins the company's board and brings extensive experience in corporate governance and regulatory adherence.Director Profile and Appointment DetailsMs. Shah holds a strong professional...

BCL Industries Completes Acquisition of Remaining Stake in Svaksha Distillery BCL Industries Ltd. has successfully completed the acquisition of the remaining 25% equity stake in M/s Svaksha Distillery Limited, making it a wholly owned subsidiary of the company. The transaction marks a significant milestone in BCL's strategic growth initiatives within the grain-based ENA and ethanol industry.The acquisition was executed through the purchase of 14,98,632 equity shares representing the final portion of the stakeholding. The total cash consideration for this transaction amounted to 155 crore, solidifying BCL's control over the distillery unit.With Svaksha Distillery now fully integrated into the company, BCL Industries is expected to...

Ajanta Groups Partners with Unicommerce to Streamline E-commerce Operations and Inventory Management New Delhi | June 30, 2026: Leading footwear brand Ajanta Group has formalized a partnership with Unicommerce to enhance and centralize its e-commerce operations across various online marketplaces and its Direct to Consumer (D2C) website.The association involves the onboarding of Unicommerce's Order Management System (OMS) and Warehouse Management System (WMS) solutions, which are designed to manage inventory and order fulfillment for Ajanta Group. This step aligns with the company’s strategic objective of meeting growing online demand and strengthening its digital market presence.Ajanta Group, which houses legacy brands such as...

Kirloskar Pneumatic Launches Tezcatlipoca A800, Marking India's First Indigenous Centrifugal Compressor in 600-980 CFM Range Kirloskar Pneumatic Company Limited has introduced the Tezcatlipoca A800 Model, an advanced two-stage centrifugal air compressor designed for critical industrial applications. The launch, which occurred on June 26, 2026, at Amanora The Fern in Pune, represents a major step forward in India's industrial compression sector.The A800 Model is the first indigenously designed and manufactured centrifugal air compressor available in the 600 to 980 CFM range. This launch delivers advanced centrifugal compression technology into a capacity segment where such solutions were previously scarce, offering customers a highly...

PM Takaichi Visit Highlights Massive Trade Deficit Amid Surging Strategic Cooperation in India-Japan Ties Japanese Prime Minister Sanae Takaichi’s arrival in India on July 1 has centered attention on the deepening strategic relationship between the two nations. The three-day annual summit underscores a partnership that has expanded significantly across infrastructure, defence, clean energy, and technology sectors. However, the economic picture remains mixed, as bilateral trade in goods continues to lag behind high-level investment commitments and strategic collaborations.Assessing the State of Bilateral Trade The current state of goods trade reveals a wide deficit between India and Japan. In FY26, total bilateral trade stood at $27.48...

Canara Bank Replaces Key Personnel: Chief General Manager and Group Compliance Officer Relieved Canara Bank has announced a change in its senior management, confirming that Shri. Rakesh Kashyap has been relieved from his services with the institution.The bank confirmed that Shri. Kashyap, who held dual roles as Chief General Manager and Group Chief Compliance Officer, was relieved from his duties effective June 29, 2026.CANBK Stock Price Movement As of 11:09 AM, Canara Bank shares are slipping by 0.18% in live trading, currently valued at ₹125.63 as the market continues its session. The stock has seen substantial activity, with a traded volume reaching 12.7 million shares during this continuous movement.

Tata Communications Invests in Subsea Cables to Boost AI-Ready Connectivity Between India and Singapore Tata Communications, a global communications technology provider, has announced strategic investments in subsea cable infrastructure through significant fiber capacity acquisitions. These moves are designed to strengthen connectivity solutions between the emerging Artificial Intelligence (AI) hubs of Mumbai and Chennai in India and the leading cloud and AI ecosystem in Singapore, addressing growing bandwidth demands across Asia and globally.The company is enhancing its Tata Global Network (TGN) capabilities by two key initiatives: integrating a new subsea cable system connecting Mumbai and Singapore, and investing as a consortium...

Kirloskar Oil Shares Slip Amid Slump; Motilal Oswal Reiterates 'Buy' Citing Data Centre and Export Breakthrough Shares of Kirloskar Oil Engines Ltd (KOEL) continued a bearish trend on Tuesday, dipping over 2% to Rs 2,384.90. This latest slide marks a decline that approaches 14% from the stock's June 23 high of Rs 2,720.35. Despite this extended loss streak, company management and brokerage firm Motilal Oswal Financial Services (MOFSL) maintain strong confidence in KOEL’s long-term growth trajectory.KOEL management highlighted a recent contract with a hyperscaler as a significant "breakthrough." This data centre order includes a critical long-term service agreement, which the company expects to deliver during FY27. The firm noted that...