Markets

Accent Microcell Limited Announces Resignation of Independent Director, Chintan Umeshkumar Bhatt Accent Microcell Limited has announced that Mr. Chintan Umeshkumar Bhatt, a Non-Executive Independent Director, has resigned from his position with effect from June 29, 2026.Following the resignation, Mr. Chintan Umeshkumar Bhatt has also ceased to be the Chairman of the Nomination and Remuneration Committee of the Company, effective from the same date.The company reported that the reason for his departure is his inability to devote sufficient time and attention to the affairs of the Company. The director confirmed that there are no other material reasons for his resignation beyond those stated.The Board of Directors of Accent...

Market Plummets as IT Sells and Foreign Outflows Crush Gains; Sensex Down Nearly 550 Points The benchmark equity indices, Sensex and Nifty, surrendered early gains on Tuesday after being weighed down by sharp selling in technology shares and significant net outflows from Foreign Institutional Investors (FIIs). While both indices had initially shown promise, heavy pressure emerged, pushing the markets into negative territory.Indices Erase Early Gains Amid Sectoral Pressure The Sensex and Nifty showed a clear reversal from their morning highs. The Sensex dipped 124.86 points or 0.16 percent to settle at 76,603.51, falling approximately 550 points below its high for the day. Similarly, the Nifty declined 57.05 points or 0.24 percent...

Optiemus Infracom Limited Approves Acquisition of Bigtech Shares and Sanctions Loan for Wholly Owned Subsidiary GDN Optiemus Infracom Limited’s Operations & Administration Committee approved two significant corporate actions on June 30, 2026: acquiring a tranche of equity shares in Bharat Innovative Glass Technologies Private Limited (Bigtech), and sanctioning an unsecured loan agreement to GDN Enterprises Private Limited.The acquisition concerns Bigtech, which is a Joint Venture and Subsidiary of Optiemus Infracom. The purpose of the share subscription is focused on supporting BigTech's manufacturing facility setup and meeting other business expenses, thereby maintaining ownership and control in the entity while enhancing brand image...

Zydus Lifesciences Surge Amid Global Focus on US Oncology Drug Shortages The pharmaceutical sector is witnessing significant shifts as supply chain vulnerabilities in specialized drugs become a major market driver. Zydus Lifesciences has gained notable traction, benefiting directly from the reported drug shortages plaguing the United States' oncology market. This institutional interest highlights the crucial role of Indian pharma companies in addressing critical global healthcare deficits.Why Oncology Shortages are Boosting Pharmaceutical Stocks The current scarcity of specific oncology drugs in the US is creating a high-value opportunity for manufacturers capable of supplying alternatives or key intermediates. This shortage signifies...

Oil India Limited Requests Waiver of Fines Levied by Stock Exchange for Listing Regulations Non-Compliance Oil India Limited (OIL) has approached the Stock Exchanges, requesting a waiver of fines imposed regarding non-compliance with SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The penalty was levied for the quarter ending March 31, 2026.The matter concerning the fine imposition was placed before the Board of Directors of Oil India Limited during a meeting held on June 29, 2026. The Company has advised Stock Exchanges to consider a waiver of the imposed fines, citing that the non-compliance was beyond the control of the Company.Fine Details Revealed by NSE The National Stock Exchange of India (NSE)...

Ceigall Subsidiary Secures Power Purchase Agreement for 220 MW Solar and BESS Park Ceigall Morena Solar BESS Park Limited, a wholly owned subsidiary of Ceigall India Limited, has executed a Power Purchase Agreement (PPA) with Rewa Ultra Mega Solar Limited. The agreement, signed on June 29, 2026, covers the development of a significant solar and battery energy storage system (BESS) project at Morena Solar Park in Madhya Pradesh.The PPA establishes the terms for the contract, which involves both solar and BESS components within a Tariff Based structure. Rewa Ultra Mega Solar Limited is the entity awarding the order, representing a domestic company.The agreement outlines a clear timeline and financial parameters for the project. The...

Shilpa Medicare Subsidiary Partners with Orion Corporation to Co-develop Nivolumab Biosimilar for European Market Shilpa Biologicals Private Limited, a subsidiary of Shilpa Medicare Limited, has partnered with Finland-based Orion Corporation to co-develop and supply an intravenous (IV) nivolumab biosimilar. This collaboration aims to increase patient access to high-quality cancer immunotherapy across Europe as the originator drug approaches loss of exclusivity in the region.The partnership combines Shilpa’s manufacturing capabilities with Orion's commercial and regulatory expertise, focusing on one of immuno-oncology's most important medicines.Partnership Scope and Roles Orion Corporation will serve as the Marketing Authorization...

Abha Santosh Kumar Saraswat Gifts Shares in Yug Decor Ltd Abha Santosh Kumar Saraswat completed an Inter Se transfer of equity shares in Yug Decor Ltd through a Gift Deed on June 27, 2026. This transaction pertains to the shareholding structure and capital details of the company.The transfer involves Abha Santosh Kumar Saraswat, who is identified as a Seller/Donor/Transferor and belongs to the Promoter Group of Yug Decor Ltd. The shares were transferred via Gift Deed on June 27, 2026.On that date, the equity share capital and total voting capital of Yug Decor Ltd stood at Rs. 16,18,33,440, representing 1,61,83,344 shares of Rs. 10/- each. The company's total diluted share/voting capital was also reported as Rs. 16,18,33,440...

Promoters Transfer 8.6 Lakh Shares in Yug Decor Ltd Through Gift Deed Yug Decor Limited saw an inter se transfer of equity shares involving one of its promoters on June 27, 2026. The transaction was completed via a gift deed, significantly impacting the holding structure of the company.The sale and transfer concerned Santosh Kumar Ramjilal Saraswat, who is identified as the seller/donor/transferor. As per the disclosed details, this individual belongs to the Promoter Group of Yug Decor Limited.Details regarding the shares and capital structure pre- and post-transaction are provided below:MetricPre-Transaction HoldingTransaction DetailsShares Held (Voting Rights)8,60,709 sharesInter Se transfer via Gift Deed on June 27, 2026...

Pooja Saraswat Acquires Shares in Yug Decor Ltd through Inter-se Transfer Pooja Saraswat, who holds a stake in Yug Decor Limited (YDL), increased her holding in the company following an inter-se transfer of equity shares via gift. The acquisition took place on June 27, 2026.The transaction saw Ms. Saraswat acquire 3,00,000 shares through the gifted transfer. This move resulted in a significant increase in her shareholding percentage in Yug Decor Limited.As per the disclosures provided, Pooja Saraswat's holding prior to this acquisition was 5,40,321 shares, representing 3.12% of the company’s total voting capital. Following the transfer, her total holding rose to 8,40,321 shares.The details of the change in stake for Pooja Saraswat...

Adani Ports Surges as MSC Commits $1.4 Billion to Seize Stakes in Premier Indian Transshipment Hub Shares of Adani Ports and Special Economic Zone (APSEZ) gained around 1% to Rs 1,794 in early trade on Tuesday following a major strategic announcement. The company revealed it has entered into a definitive agreement with Terminal Investment Limited (TiL), the container terminal operating arm of MSC Group.This landmark deal involves the sale of a 49% stake in Adani Vizhinjam Port Private Limited (AVPPL). This partnership marks a significant inflection point for India's maritime infrastructure sector.Major Foreign Investment Seals Stake in Vizhinjam Port The agreement details that TiL will invest $1.397 billion into the project. This...

Nuclear Power Surge: India Overhauls Approval Process to Fast-Track Path to 100 GW Target India's commitment to achieving energy security and meeting its net-zero emissions goal by 2070 has necessitated a drastic procedural change in nuclear power project development. The Centre is reportedly exploring a major overhaul of the site identification process, aiming to drastically shorten one of the most time-consuming phases of nuclear expansion.The move comes as the nation accelerates efforts to expand its current nuclear capacity from 8.78 GW to 22.38 GW by 2031-32. The long-term ambition under the Nuclear Energy Mission is set at an ambitious target of 100 GW by 2047.Streamlining Nuclear Site Selection for Private Developers To...

Reliance Power Ltd Incorporates Artificial Intelligence and Technology-Driven Activities Through New Subsidiaries Reliance Power Limited has undertaken strategic operational steps to incorporate Artificial Intelligence (AI) and allied new-age technologies into its business framework. The move signifies the company's commitment to participating in the rapidly evolving field of AI and related technologies through its subsidiaries.The corporate restructuring involves incorporating relevant objects covering Artificial Intelligence and technology-enabled services within the company’s structure. As part of this expansion, Reliance Power Ltd has adopted several new names for its subsidiaries dedicated to these technological domains.These...

CareEdge-ESG Awards Adani Power ESG Rating of 80 After FY26 Performance Review CareEdge ESG Ratings Limited has assigned an ESG score of 80 to Adani Power Limited, reflecting the company's sustained commitment to best-in-class practices and transparent disclosures across environmental, social, and governance dimensions in the high-impact thermal power sector.The rating action follows CareEdge ESG Ratings' annual surveillance review and incorporates the latest disclosures made in Adani Power Limited's FY26 Integrated Annual Report.According to the assessment by CareEdge-ESG, which covers operational and ESG performance for FY26, the company received a score of 80 with the rating symbol CareEdge-ESG1. This updated ranking comes from a...

Groww’s Next Battle: Why Winning the User War is Not Enough and The Race for Profitability Has Begun In the hyper-competitive landscape of Indian FinTech, rapid user acquisition has long been the default metric of success. For platforms like Groww, reaching massive user bases represented victory in the 'user war.' However, as market maturity deepens, the narrative is rapidly shifting.The focus is moving decisively from sheer volume to sustainable profitability.This transition signifies a critical pivot point for the entire fintech sector.While attracting millions of users was proof of product-market fit, maintaining business health demands rigorous monetization strategies. The industry must now prove that growth can be intrinsically...

Bitcoin Struggles Near $60,000 as ETF Outflows and Strong Dollar Pressure Drive Market Decline Bitcoin briefly tested the highs of $60,100 during the early June 30 trade but failed to sustain gains. The cryptocurrency is currently trading at $59,574.34 (as of 09:21 IST), reflecting a narrow 0.70 percent decline over the last 24 hours and showing a larger drop of 7 percent in the past week.The price action reflects mounting pressure across the crypto space. Key factors driving the pullback include continued outflows from US spot Bitcoin ETFs, the strengthening dollar, and cautionary signals emanating from the Federal Reserve.BTC Battles Macro Headwinds as Capital Shifts to Tech Stocks Cryptocurrency markets are grappling with...

Aurobindo Pharma USA Completes Acquisition of Lannett Company, Bolstering Pharmaceutical Portfolio Aurobindo Pharma USA Inc., a wholly owned subsidiary of Aurobindo Pharma Limited, has announced the successful completion of its acquisition of Lannett Company, Inc., from Lannett Seller Holdco, Inc. This strategic move follows securing approval from the U.S. Federal Trade Commission on June 18, 2026.Effective June 29, 2026, Lannett has officially become a wholly owned subsidiary of APUSA and will operate as Lannett Company LLC.The integration process between the two entities is set to commence immediately. The company emphasized that its immediate focus includes ensuring uninterrupted access to critical medications, sustaining trusted...

Maruti Stock Surges to Nifty Top Gainer as Jefferies Boosts Rating to 'Buy' with Rs 16,500 Target Shares of Maruti Suzuki India Ltd witnessed a strong surge in early trading on June 30, climbing by nearly two percent. The stock reached ₹13,633 at 09:40 am, making it the top gainer among the Nifty 50 stocks. This significant move followed an upgrade by Jefferies, which raised its rating on the company to "Buy" and significantly increased its price target.The brokerage firm's confidence is fueled by improving demand prospects and easing cost pressures across various operational segments. The upgrade implies a substantial upside for investors, as Jefferies set the target price at ₹16,500 per share. This new target represents an expected...

Canarys Automations' Subsidiary Secures US$ 312,000 Contract from LinkedIn Corp Canarys Automations Limited has seen its wholly owned foreign subsidiary secure a significant international order. M/s. Canarys Corp has been awarded a contract by M/s. LinkedIn Corporation for providing professional services related to LinkedIn's Finance Transformation and Oracle Fusion Strategy Initiative.The contract involves the provision of professional advisory, business architecture, and project management services designed to support LinkedIn's efforts in Finance Transformation through the Oracle Fusion Strategy Initiative. The client, LinkedIn Corporation, is based at 1000 W Maude Ave, Sunnyvale, CA 94085.M/s. Canarys Corp, which is a 100%...

IVIS Secures Letter of Intent from Manappuram Finance for AI-Powered E-Surveillance across 1,000+ BranchesIVIS International Private Limited, a wholly owned subsidiary of Magellanic Cloud Limited, has secured a Letter of Intent (LOI) from Manappuram Finance Limited. The LOI pertains to the outsourced Command & Control Centre (CCC) e-surveillance services for Manappuram's extensive network.Under the proposed engagement, IVIS International Private Limited is slated to manage the supply, installation, commissioning, and centralized maintenance of security infrastructure across the financial institution’s branch network. The solution, which utilizes an AI-powered Command & Control Centre platform, is designed to provide intelligent...