Markets

SEBI Issues Administrative Warning to Cadsys Over Subsidiary Audit Report Non-Compliance Cadsys (India) Limited has received an administrative warning from the Securities and Exchange Board of India (SEBI) regarding observations related to the auditing of its overseas subsidiaries. The warning, issued on June 25, 2026, relates to non-compliance with applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.The core issue revolves around the certification status of financial statements and audit reports for certain subsidiaries that were included in the consolidated financial statements of Cadsys from FY 2019-20 to FY 2022-23. Specifically, the SEBI examination focused on the failure to...

Waaree Energies’ Subsidiary Secures Order for 236.22 MW of Solar Modules Waaree Solar Americas Inc, a wholly owned subsidiary of Waaree Energies Limited, has secured a significant order for solar modules. The contract was awarded on June 29, 2026, by a renowned international customer specializing in sustainable infrastructure solutions and renewable energy development.The deal involves the supply of solar modules to the specialized customer. This is defined as a one time order.Details regarding the contracted scope and commercial aspects were reviewed, confirming that no interest exists from Waaree Energies’ promoter or group companies in the entity awarding the contract. The transaction has been confirmed not to be a related party...

TAC Security's Socify.ai Doubles Client Acquisition Pace, Adds Another 100 Clients in Three Months TAC Security, a global cybersecurity provider, has reported significant growth for its AI compliance automation platform, Socify.ai. The company announced that Socify.ai added another 100 clients in just three months, marking a sharp acceleration in its international market penetration.This milestone followed the initial achievement of 100 clients within the first six months of the platform's launch. By adding the subsequent 100 clients in only three months, Socify.ai has effectively doubled its client acquisition pace.The rapid adoption comes amid a growing necessity for SOC 2 compliance across various modern industries. As businesses...

Shera Energy Receives In-Principle Approval from NSE for Listing 45 Lakh Equity SharesShera Energy Limited has received in-principle approval from the National Stock Exchange of India (NSE) regarding the listing of equity shares resulting from the conversion of warrants. The approval pertains to the issue of 45,00,000 equity shares, which are set to be issued subsequent to the conversion of warrants allotted on a preferential basis.The allotment and eventual listing of these equity shares will proceed after compliance is ensured with all conditions specified in the In-Principle Approval granted by NSE, alongside other applicable statutory requirements. The company confirmed its receipt of the approval from the exchange regarding...

Yes Bank Receives Rs 879 Crores Income Tax Refund After Appellate Determination Yes Bank Limited has received a consolidated order giving effect (OGE) from the Jurisdictional Assessing Officer (JAO), resulting in a refund of Rs 879 Crores. This significant amount relates to prior disputes concerning income tax assessments and reassessments for the Assessment Year (AY) 2018-19, as determined after appeals were adjudicated by the first level appellate authority.The dispute arose from an assessment order passed under Section 143(3) of the Income Tax Act, 1961, in February 2020. Subsequently, a reassessment order was issued in March 2024. Following the reassessment, an additional demand for tax liability and interest amounting to Rs...

Geopolitical Tensions Ease: Crude Oil Prices Fall as Dollar Gains Steam and Safe Haven Demand Eases Commodity Markets Correct Down Amid Geopolitical De-escalation Commodity markets witnessed a downturn on June 30 as easing geopolitical tensions in the Middle East, coupled with strengthening U.S. dollar performance, dampened overall investor sentiment. These shifts led to declines across various commodity segments, including crude oil and precious metals.Crude oil prices saw measurable decreases as investors closely monitored developments surrounding potential talks between the U.S. and Iran taking place in Doha. The market reacted amidst weekend missile exchanges between the two sides that tested an interim ceasefire intended to end...

Oyo Parent's Prism Unleashes Mammoth Rs 6,650 Crore IPO: Market Bets on Hospitality Growth Surge Prism Hotels and Resorts, the parent company of Oyo, has advanced significantly toward its anticipated listing by filing its updated Draft Red Herring Prospectus (UDRHP) with the Securities and Exchange Board of India (SEBI). This move marks a critical step as the company readies itself for a potential stock market debut.The planned Initial Public Offering (IPO) is structured entirely as a fresh equity issue, providing up to Rs 6,650 crore in capital. Notably, the IPO does not include any offer for sale from existing shareholders. The filing also allows for a pre-IPO placement of up to Rs 1,330 crore, which will be adjusted against the...

APSEZ and MSC Group Deepen Partnership: TiL Commits USD 1.397bn for 49% Stake in Vizhinjam Port Adani Ports and Special Economic Zone Limited (APSEZ) has formalized a strategic partnership with Mediterranean Shipping Company (MSC) Group, through its terminal arm Terminal Investment Limited (TiL). Under the agreement, TiL will invest in a 49% stake of Adani Vizhinjam Port Private Limited (AVPPL), cementing Vizhinjam's role as a major transshipment gateway in the Indian Ocean region.The deal structure sees TiL investing USD 1.397bn into AVPPL, which constitutes 49% of the total transaction value set at USD 2.85bn. This collaboration marks the third significant venture between APSEZ and MSC following successful joint ventures at ports in...

Asian Markets Erase Gains as Technology Stocks Decline; Japanese Yen Plunges to 40-Year Low Asian equities delivered mixed results on Tuesday, with technology stocks in South Korea edging lower after a strong quarterly rally. The MSCI Asia Pacific Index shed gains, although the regional benchmark remains poised for its best quarterly performance in 17 years. In contrast, the yen significantly weakened, trading past 162 per dollar and marking a new low since 1986.South Korean Tech Slump and Global Equity Focus The Kospi Index recorded a drop of 0.9%, while chipmakers like Samsung Electronics Co. and SK Hynix Inc. declined, contributing to the decline in regional indices. The MSCI Asia Pacific Index fell 0.2%, relinquishing up to 0.6%...

Yen Plummets to Four-Decade Low as Geopolitical Tensions Fuel Massive Capital Outflows from Japan The Japanese yen has plunged to its weakest level against the US dollar since 1986, creating significant unease across markets. This historic currency slide puts intense pressure on domestic policymakers and signals a potential need for central bank intervention amid ongoing economic challenges in Japan.Historic Slide: Yen Breaches Four-Decade Low Against Dollar The yen depreciated to touch 161.98 against the greenback in overnight New York trading, extending its decline further to 162.33 at 10:55 a.m. in Tokyo on Tuesday. This new level surpassed the 161.95 mark, which was previously noted during an earlier attempt by Japan to stabilize...

Oil Glut Warning: Morgan Stanley Slashes Forecasts as Hormuz Flows Surge Amid Global Supply Excess Global Markets Brace for Oversupply as Analysts Downsize Oil Price Outlook Morgan Stanley has significantly trimmed its oil forecasts, citing the rapid return of tanker traffic through the Strait of Hormuz. This development, coupled with strong US supply and weak Chinese demand, raises serious concerns about a global oil glut in the coming years.The investment bank adjusted its estimates for Dated Brent, a key benchmark for physical transactions. They now anticipate the price to average $75 a barrel across the third and fourth quarters of next year. Furthermore, Morgan Stanley has cut all four-quarter outlooks for the coming year...

Tencent Ramp Up Massive Buybacks as Share Rout Wipes Out $309 Billion in Value China’s technology behemoth, Tencent Holdings Ltd., is aggressively ramping up share repurchase programs amidst a significant market rout. The Hong Kong-listed shares have suffered substantial losses, with investors noting that the stock's market value has been wiped out by approximately $309 billion since early October.Tencent has focused on repurchasing shares almost every trading day since mid-May. The company’s spending is set to be among the largest for any month this year; calculations show that the expenditure in June alone stands at more than HK$9 billion ($1.1 billion).Navigating AI Concerns and Record Low Valuation The deep market concerns...

Brent Crude Falls as Geopolitical Tensions Surge Ahead of Crucial Iran-US Talks in Doha Oil prices saw a decline on Tuesday, driven by volatile market sentiment surrounding potential diplomatic talks between the U.S. and Iran in Doha. The movement occurred against a backdrop of recent missile exchanges from both nations, which tested the limits of an interim ceasefire following four months of conflict.Crude Oil Plummets as Market Awaits Diplomatic Breakthrough Crude oil futures adjusted downwards as investors cautiously awaited any signs of de-escalation. Brent August crude futures, which expire on Tuesday, finished down 1.03%, or 75 cents, at $72.40 a barrel as of 0038 GMT. The actively traded September contract was also weaker...

Control Print Limited Sets July 10 Record Date for Potential Final Dividend Control Print Limited has set the record date for determining members eligible for a potential final dividend related to its equity shares. The company confirmed that shareholders holding specified securities by the designated date will be entitled to the payment should it be approved at the upcoming Annual General Meeting (AGM).The record date, which is scheduled for Friday, July 10, 2026, pertains to the determination of members eligible for a final dividend of Rs. 6/- per equity shares for Financial Year 2025-26.The details regarding the eligibility criteria and the associated dividend are as follows:Security TypeRecord DatePurposeEquity Share of...

Emrock Corporation Increases Authorised Share Capital and Completes Preferential Allotment of Warrants Emrock Corporation Ltd, formerly Vaghani Techno Build Limited, has undertaken a significant capital restructuring following its Extraordinary General Meeting (EGM) held on Saturday, June 27, 2025. The company approved major amendments to its share capital structure and completed the preferential issue of convertible warrants to various investors.The resolutions passed by the members included increasing the Authorized Share Capital from Rs. 10 crores, comprising 1 crore Equity Shares of Rs. 10 each, to Rs. 35 Crores, equivalent to 3.5 Crore Equity Shares of Rs. 10 each. This action involves a subsequent alteration of Clause V of the...

Omega Ag-Seeds Plans Fundraising Initiative; Board Meeting Scheduled Amid Trading Window ChangesOmega Ag-Seeds Punjab Limited has announced that its Board of Directors will convene a meeting to consider a proposal for raising funds through an equity shares issuance or other permissible securities. This announcement comes as the company adjusts its trading window timeline following the scheduling of the corporate event.The Board meeting is set for July 02, 2026. The primary item on the agenda includes reviewing a proposal for fundraising via a rights issue and/or any other methods available under applicable law.In light of the upcoming proposal to raise capital, the company has modified its trading window closure period. Previously...

DOMS Industries Extends Timeline for Joint Venture Completion with Seven SpA Due to Administrative Delays DOMS Industries Limited has announced an extension regarding the completion of its joint venture agreement and the setup of a new company in India, which involves Seven SpA.The Company had previously informed stakeholders about the Board of Directors' approval for the formation of a Joint Venture Company in India and the execution of a joint venture agreement with Seven SpA, a Group Company of F.I.L.A. - Fabbrica Italiana Lapis Ed Affini S.p.A.DOMS Industries confirmed that while the parties have initiated the process of setting up the joint venture company, mutual agreement has been reached to extend the timeline for completing...

Himatsingka Seide Limited Details Three Series of NCDs in Private Placement Himatsingka Seide Limited has structured a comprehensive debt raising plan involving three series of Non-Convertible Debentures (NCDs) through a private placement. The issuance details outline the size, security provisions, and market status for each tranche, following a review of previous proposals.The company is offering Series 'D', 'E', and '1' NCDs, all denominated in INR and carrying a tenure of 42 months from the deemed date of allotment. These debentures are being issued via private placement to eligible investors.NCD Issuance Details by SeriesParticularsSeries 'D' NCDsSeries 'E' NCDsSeries '1' NCDsType of SecuritySenior, secured, unrated...

Yes Bank Board Approves Mega Fundraising Plans, Sets AGM Date Yes Bank Limited has authorized major fundraising strategies following a board meeting held on June 29, 2026. The Board reviewed and approved resolutions concerning both equity and debt issuance, allowing the bank to raise substantial capital in domestic and international markets.The resolutions grant the company the ability to raise funds through the issuance of eligible equity securities through various permissible means. Under this enabling resolution, the aggregate amount sought from equity issuance shall not exceed INR 7,500 crores. This funding mechanism is limited such that it does not result in an aggregate dilution exceeding 10%, which includes potential dilution...

Triton Valves Ltd to Host Shareholder Visit at Mysore Facility Triton Valves Ltd has announced plans to host a group of shareholders and investors for a physical visit to its manufacturing facility in Mysore. The event includes a comprehensive tour of the plant and a group discussion, intended for internal investor interaction.The scheduled event is set for July 2, 2026. During the visit, the company has stated that all endeavors will be made to ensure no information shared falls into the nature of unpublished price sensitive information (UPSI).The planned engagement details are as follows:DateInteraction TypeLocation02.07.2026Physical visit to Manufacturing Facility and Group DiscussionMercara Road, Belavadi, Mysore...