Markets

Redington Limited Releases Investor Data Book Detailing Performance Across Multiple Fiscal Years Redington Limited has published its comprehensive Investor Data Book, providing detailed key performance metrics for the company spanning from Q1 FY23 through projected figures up to Q4 FY26. The data book offers a granular look into the organization’s financial health, operational efficiency, and profitability across various business units.The consolidated results indicate sustained movement in revenue and margins over the reported periods. Key metrics include Gross Margin (GM), EBITDA, and Profit After Tax (PAT), which provide insight into the company's core operational strengths.Consolidated Revenue figures show significant levels...

DIIs Brace Market as FIIs Net Sell ₹1,350 Crore: Sensex and Nifty Dip Amid Profit Booking Domestic institutional investors (DIIs) provided a vital buffer to the market on June 29, emerging as net buyers despite foreign institutional investors (FIIs/FPIs) continuing their trend of selling. Provisional exchange data shows FIIs offloaded equities worth ₹1,350.10 crore during the session. Conversely, DIIs demonstrated resilience, registering a significant net buying figure of ₹2,801.45 crore, supporting broader market sentiment which concluded with declines across both major benchmarks.Institutional Flows Show Mixed Picture The data reveals a clear divergence in institutional activity for the day. FIIs attempted to purchase shares...

Dow Shatters Records as Tech Stocks Surge Amid Rebounding AI Bets and Geopolitical Tensions US major indices posted strong gains on Monday, with the Dow climbing to a fresh record as tech stocks rebounded sharply. The rally was fueled by renewed investor confidence in the software and semiconductor sectors, despite ongoing tensions between Iran and the United States.The Nasdaq surged more than two percent, driven by the resurgence of high-growth technology companies. While political instability persists through the Strait of Hormuz, the positive sentiment across US markets continues to drive upward momentum for major indices.Tech Sector Leads Market Rally After Period of Valuation Concerns Technology stocks led the broad market...

Maruti Suzuki India Receives Adjudication Orders from West Bengal GST Authority Maruti Suzuki India Limited has received adjudication orders from the West Bengal GST Authority regarding tax demands spanning the period April 2020 to March 2023. The company stated that it will file an appeal against these orders with the first appellate authority.The Adjudication Orders concern three separate matters and include significant financial implications related to the taxes and penalties imposed by the GST Department. Maruti Suzuki India Limited reported that despite the tax demand being confirmed, a portion of the tax demand concerning the availment of GST credit was dropped.According to the details provided, the key components of the...

Record-Breaking IPO Frenzy: US Share Sales Surge to $251 Billion as AI Hyperscalers Power Market US initial public offerings (IPOs) and share sales have reached a staggering record high of $251 billion through June 26 this year. This monumental inflow, compiled by Bloomberg, surpasses the activity seen during last year’s issuance frenzy. The massive capital infusion is largely being driven by the relentless need for funding AI infrastructure across various sectors.SpaceX delivered a landmark moment for the market when its listing secured $86.2 billion, setting a record high for the largest IPO ever. However, analysts point out that this figure does not tell the whole story. Goldman Sachs Group Inc., which managed the offering, noted...

Lumax Auto Technologies Completes Sale of Entire Stake in Lumax Jopp Allied Technologies Pvt Ltd Lumax Auto Technologies Limited has successfully completed the sale of its entire equity stake in Lumax Jopp Allied Technologies Private Limited. The transaction involved selling a 50% share of the equity capital to Jopp Holding GmbH, Germany, the joint venture partner.The sale was finalized on June 29, 2026.Following the completion of the sale, Lumax Auto Technologies Limited confirmed that Lumax Jopp Allied Technologies Private Limited no longer operates as a joint venture of the company, effective from June 29, 2026.LUMAXTECH Stock Price Movement On Monday, shares of Lumax Auto Technologies Limited slipped by 2.51% to settle at...

Sterling and Wilson Bags $560 Million Solar Project as Banking Giants Appoint Key Leaders The corporate landscape saw significant leadership appointments, major project wins, and large-scale fundraising mandates in recent market activity. Companies ranging from renewable energy firms to financial institutions were highlighted amid strategic realignments and the completion of important agreements.Financial Sector Sees Major Appointments and Resignations HDFC Bank's board approved crucial structural changes, appointing Rajiv Kumar as an Additional Director (Independent Director) for four years and also nominating him as Part-time Chairman, pending RBI approval. Furthermore, Puneet Sharma, formerly CFO of Axis Bank, was designated as the...

India Pesticides Limited Receives Tax Demand Notice amounting to ₹7.09 Crore India Pesticides Limited has received a Notice of Demand concerning income tax, as part of block assessment proceedings initiated after a search operation. The demand stands at ₹7,09,58,949.00 for the specified assessment period.The tax proceedings were initiated following a search and seizure operation conducted on the Company and its group entities on December 12, 2024. Subsequently, block assessment proceedings were commenced under relevant sections of the Income-tax Act, 1961, covering the block period from April 1, 2018 to December 10, 2025.The Assessing Officer made additions aggregating to ₹10,12,15,449 in this matter. This amount comprises...

Indo Tech Stock Hits Upper Circuit as IIFL Asset Management Pours Nearly 2% Stake via Block Deal Institutional Buys Drive Surge in Power and Pharma Sectors Indo Tech Transformers, a key manufacturer of power and distribution transformers, experienced significant buying interest following an institutional acquisition. IIFL Asset Management acquired nearly 2 percent equity stake in the company from its promoter through block deals conducted on June 29.The transaction involved IIFL Asset Management purchasing 2 lakh shares, representing a 1.88 percent stake, from promoter Shirdi Sai Electricals. The shares were exchanged at a price of ₹ 2,985 per share, valued at ₹ 59.7 crore.The stock showed immediate positive reaction to the...

NSE Overtakes HDFC Bank as LIC's Fifth-Largest Holding amid Portfolio Shifts and Mixed Performance The Life Insurance Corporation of India (LIC), standing as the nation’s largest insurer and a major institutional investor, is set to see its stake in the National Stock Exchange (NSE) rise to become its fifth-largest holding. This structural shift provides insights into the diversification and current investment appetite within LIC's massive equity portfolio.NSE Ranks Fifth in LIC’s Equity Portfolio As of the March 2026 quarter, LIC holds a significant stake in the National Stock Exchange (NSE). The insurer owns 26.53 crore shares, translating to a 10.72 percent stake. Assuming an NSE share price of Rs 2,100, this holding is valued at...

EATON and Trident Techlabs to Host India Seminar Series on Power System Engineering Eaton and Trident Techlabs Limited have partnered to host "EATON India Seminar 2026," a three-city seminar series focused on advancing knowledge in power system engineering. The event is themed "Shaping the Future of Power System Engineering" and aims to address the rapid transformations occurring across the utility sector.The seminar series is designed for utility professionals, EPC companies, consultants, industrial users, and engineers, who will attend discussions covering emerging trends and technological advancements that are reshaping the power industry. Topics scheduled for deep dive include renewable energy integration, digital substations...

Yen Plunges to Four-Decade Low, Rattling Japan's Economy Amid Import inflation Fears The Japanese yen has experienced a significant slump, trading at its weakest level against the US dollar since 1986. This historic depreciation is causing considerable unease across Japan and has placed financial regulators on high alert regarding market stability.Global Financial Markets React to Yen’s Historic Decline The currency recently depreciated by up to 0.1%, hitting 161.96 against the US greenback, breaching the 161.95 mark first seen in July 2024. This level is notable because it was last reached when the yen was rapidly appreciating during a major rally engineered by the US.Currently, Japan is navigating a period of economic difficulty...

Pine Labs Invests INR 24 Crore in Synergistic Financial Networks, Boosts Wholly Owned Subsidiary Pine Labs Limited has invested a sum of INR 24,99,93,297 into Synergistic Financial Networks Private Limited (SFNPL) through the subscription of Rights Issue shares. This investment is intended to meet working capital needs and support future growth opportunities for SFNPL, which remains a wholly owned subsidiary of Pine Labs Limited.The company acquired 49,869 equity shares of SFNPL at the specified consideration. Despite the acquisition, there will be no change in Pine Labs Limited's shareholding percentage in SFNPL, as the entity is already a wholly owned subsidiary.SFNPL, which was incorporated on March 12, 2008, operates in the...

Eaton and Trident Techlabs Announce 'EATON India Seminar 2026' Focused on Power System Engineering Eaton and Trident Techlabs Limited have announced a major industry initiative, the "EATON India Seminar 2026." This three-city seminar series is dedicated to advancing knowledge in power system engineering, aiming to address the complex technological shifts occurring across the power sector. The seminars are themed "Shaping the Future of Power System Engineering" and will be held in New Delhi, Bengaluru, and Mumbai.The seminar aims to convene utility professionals, EPC companies, consultants, industrial users, and engineering managers. These stakeholders will discuss emerging trends and technological advancements that are transforming...

Falcon Technoprojects India Approves Rights Issue to Raise Funds of Up To 23.14 Crores Falcon Technoprojects India Limited has approved a plan to raise funds through a Rights Issue, following a decision made by its Board of Directors on Monday, June 29, 2026. The approval concerns the issuance of equity shares intended to raise up to Rs. 23.14 Crores.The company's Board meeting reviewed and sanctioned the Draft Letter of Offer (DLOF) for this fundraising effort. The rights issue involves issuing equity shares with a face value of ₹10/- each. The funds raised are designated for the needs of Falcon Technoprojects India Limited.The issuance is targeted at eligible equity shareholders as of the record date, which will be determined and...

Happy Square Wins Rs 21 Crore Work Order for Toll Plaza Management in Rajasthan Happy Square Outsourcing Services Limited has secured a new work order from M/s Rajasthan State Road Development & Construction Corporation Limited (RSRDCC). The contract, valued at Rs 21.0044 Crores including all applicable taxes, involves the management and operation of toll plazas within a significant road project in Rajasthan.The work order details the engagement of Happy Square as the User Fee Collection Agency. This includes providing various management services at designated locations under the scope of the contract.The contract pertains to the Jodhpur-Osian-Phalodi BOT Road project, and the specific toll plaza locations include Lordiya, Palli...

Inventurus Knowledge Solutions Inc Plans Up To $15 Million Investment in Associate Company IKS WWMG MSO LLC Inventurus Knowledge Solutions Limited, through its wholly owned subsidiary Inventurus Knowledge Solutions Inc (IKS Inc), has approved an additional investment of up to USD 15 million into IKS WWMG MSO LLC. The investment is designated for the purchase of Common Units in WWMG MSO, and upon completion, it is set to increase IKS Inc's ownership stake in the associate company from 48.02% to 63.49%.The Board of Directors approved this strategic move at a meeting held on June 29, 2026. The investment involves cash consideration and is planned in one or more tranches. The full investment amount is up to USD 15 million, corresponding...

Power Grid Acquires Kakinada I Transmission Limited in Move to Secure Green Energy Infrastructure Power Grid Corporation of India Limited (POWERGRID) has acquired Kakinada I Transmission Limited (KITL), the project special vehicle (SPV) focused on establishing critical transmission infrastructure for proposed Green Hydrogen and Green Ammonia projects in the Kakinada area. The acquisition was finalized on June 29, 2026.The transaction comes after POWERGRID emerged as the successful bidder in a Tariff Based Competitive Bidding process coordinated by PFC Consulting Limited (PFCCL). This strategic acquisition ensures the necessary transmission systems are in place for future large-scale green energy development in Andhra Pradesh.Project...

Senores Pharmaceuticals Limited Board Approves Variation in Unutilised IPO Proceeds Utilization Senores Pharmaceuticals Limited announced that its Board of Directors approved a variation concerning the utilization of unutilised portions of its Initial Public Offer (IPO) proceeds. The decision was made during the Board meeting held on June 29, 2026.The company's Board considered and sanctioned the proposed change to the use of unutilized IPO funds. This modification pertains to a portion amounting to ₹ 1000.16 million out of the total primary IPO proceeds of ₹ 5000.00 million.The variation in the utilization of these funds is subject to final approval from Shareholders through a Postal Ballot.Key financial details regarding the IPO...

ARSS Infrastructure Projects Wins Contract for Road Over Bridge Construction worth Rs 51.6 Crore ARSS Infrastructure Projects Limited has secured a significant contract valued at Rs 51,60,48,602.44 for the construction of a vital Railway infrastructure project. The work order was awarded by East Coast Railway (ECOR) on June 29, 2026.The project involves constructing a Road Over Bridge (ROB) at a specific location along the Khurda-Puri line. This includes setting up a composite girder for the railway portion in lieu of LC No. KP-09. Additionally, the scope covers the proposed approach portion, consisting of two RCC Girders: one measuring 8 x 25.04 m on the Jatani side and another measuring 8 x 25.04 m on the Puri side.The...