Markets

ERP Soft Systems Ltd reports technical failure of Structured Digital Database compliance software ERP Soft Systems Limited has reported a significant technical failure involving its Structured Digital Database (SDD) compliance software that occurred on June 29, 2026. The SDD is a standalone regulatory compliance application maintained exclusively for recording the sharing of Unpublished Price Sensitive Information (UPSI), operating separately from the company's core accounting and operational systems.The technical failure resulted in the loss of data maintained within the SDD software. The company stated that despite efforts, it was unable to retrieve or restore this information as no system backup was available for the affected...

Gabion Technologies Secures Multiple Domestic Orders Valued at Over 64 Lakh, 79 Thousand Rupees Gabion Technologies India Limited has secured a series of routine work and supply orders during the period spanning June 14, 2026, to June 27, 2026. The company confirmed receiving these contracts in the ordinary course of business, which involve the provision of gabion materials and engineering services within domestic projects.The total aggregate value of the multiple routine orders received during this period is approximately INR 6,42,79,070.82 (Rupees Six Crore Forty-Two Lakh Seventy-Nine Thousand Seventy and Paise Eighty-Two Only), inclusive of applicable GST.These contracts cover various aspects of civil infrastructure projects...

L.K. Mehta Polymers Launches New Wholly Owned Subsidiary for Green and Renewable Energy Sector L.K. Mehta Polymers Ltd has taken a strategic step into the sustainability market, announcing the incorporation of a new subsidiary dedicated entirely to green and renewable energy products and solutions in India. This move signifies a major diversification effort aimed at expanding the company’s operational footprint within the rapidly growing environmental technology sector.The newly incorporated entity is named L.K. Mehta Green Private Limited (subject to approval by the Registrar of Companies). The company's Board of Directors approved this strategic initiative during a meeting held on June 29, 2026.The proposed subsidiary will focus...

Bandhan Bank's Chief Financial Officer, Mr. Rajeev Mantri, Announces Resignation Bandhan Bank Limited has announced that Mr. Rajeev Mantri, who served as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), has tendered his resignation from the bank. The decision comes after the individual chose to pursue other opportunities for career growth.Mr. Mantri submitted his resignation on June 29, 2026. In line with the Bank’s policies, his last working day in the capacity of CFO and KMP is set for September 25, 2026.In a separate communication, Mr. Rajeev Mantri also resigned from the position of Executive President and Chief Financial Officer at Bandhan Bank Limited. He requested to be relieved of his services following a...

Gadkari Mandates Quality Surge: Minister Reviews Thousands of KM of National Highways in Jharkhand and Uttarakhand Scope of Union Minister's Highway Review Union Minister for Road Transport and Highways, Shri Nitin Gadkari, undertook comprehensive reviews concerning the quality, maintenance, and ongoing progress of critical national highway projects. These reviews covered significant segments across two key states: 3,245 km of National Highways in Jharkhand and 4,026 km of National Highway Projects in Uttarakhand.The ministerial meetings were held in New Delhi, based on feedback gathered through media reports and social media platforms. The review process involved multiple high-level stakeholders from the infrastructure ecosystem...

Goldman Sachs Signals Re-Rating Potential for Paytm as Market Share Gains and Financial Services Surge Global brokerage Goldman Sachs has maintained a positive outlook on One 97 Communications (Paytm), significantly upgrading its estimates based on the company's expanding market share in payments and robust growth within its financial services division. The brokerage believes that if Paytm sustains a revenue growth rate exceeding 20 per cent, the stock possesses substantial room for a valuation re-rating.Strong Market Gains Fuel Estimate Boost Goldman Sachs noted that Paytm is actively increasing its market penetration across both payments and financial services. The company has increased its revenue estimates by 2 per cent and...

Cube Highways Trust Allots Senior Secured Non-Convertible Debt Securities worth INR 637 Crore Cube Highways Trust, through its Investment Manager, has completed the approval and allotment of senior secured non-convertible debt securities amounting to INR 637,00,00,000. The decision was made on June 29, 2026, by the Board of Directors of Cube Highways Fund Advisors Private Limited.The transaction involves the issuance of 63,700 senior secured rated listed redeemable nonconvertible debt securities to be sold on a private placement basis. These debentures have a face value of INR 1,00,000 each.The investment management team confirmed the terms for these significant debt instruments, which carry a fixed coupon rate and a specific tenor...

Metal Recycling Giant Eswari Global Files IPO, Targeting Rs 500 Crore for Major Expansion Push Eswari Global Metal Industries, a prominent metal recycling and manufacturing company based in Karnataka, has officially filed its preliminary papers for an Initial Public Offering (IPO). The filing details the company's plan to raise significant capital through the public market.The draft document, submitted on June 28, outlines the fundraising targets for Eswari Global Metal Industries. The company proposes raising Rs 500 crore by issuing fresh shares. Furthermore, promoters intend to sell 1.32 crore equity shares via an offer-for-sale component of the IPO.Operational Scope and Business Structure Eswari Global Metal Industries operates...

BSE to take over international licensing of Market Data Products from Deutsche Börse AG Mumbai, June 29, 2026: BSE Ltd ('BSE') announced that it will directly manage the licensing of its market data products for international clients starting January 1, 2027. Currently, this responsibility is handled by Deutsche Börse AG.International clients who require BSE Market Data Products can continue to receive them from BSE beginning on January 01, 2027, with no anticipated interruption in service. Both BSE and Deutsche Börse AG are collaborating to ensure a smooth transition throughout the migration process. Domestic clients of BSE will continue accessing market data products directly through the Exchange.The relationship between the two...

Master Components Limited to Hold EGM to Approve Amalgamation Scheme of Master Moulds Private Limited Master Components Limited announced key dates for an Extra-Ordinary General Meeting (EGM) concerning a significant corporate transaction. The meeting is scheduled to consider the Scheme of Amalgamation involving Master Moulds Private Limited and the company, as directed by the National Company Law Tribunal (NCLT).The EGM is set to take place on Monday, August 3, 2026, at 11:00 am. Shareholders can attend through Video Conferencing (VC) or Other Audio-Visual Means (OAVM) at the Registered Office of Master Components Limited in Nashik. The purpose of the meeting is for shareholders to consider and potentially approve the Scheme of...

State Bank of India Concludes Issuance of USD 300 Million Senior Unsecured Floating Rate Notes State Bank of India has successfully concluded the issuance of USD 300 million in Senior Unsecured Floating Rate Notes. These notes are set to have a maturity period of three years and are linked to the SOFR benchmark.The financing instrument is structured as a floating rate note, carrying a coupon of SOFR plus 100 basis points per annum. Interest payments on these bonds will be made quarterly in arrears.Details regarding the issuance are as follows:FeatureDetailFinancing InstrumentSenior Unsecured Floating Rate NotesAmountUSD 300 MillionMaturity Period3 YearsCoupon RateSOFR + 100 bps p.a.Payment FrequencyQuarterly in...

India's External Debt Surges to US$ 762.8 Billion as Global Economic Shifts Reshape Debt Profile The Reserve Bank of India (RBI) has released a comprehensive update on the nation's external debt status as of March 2026, confirming significant growth in the total outstanding amount. Total external debt reached US$ 762.8 billion, marking an increase of US$ 26.3 billion compared to March 2025. This data provides a granular look at the composition and maturity profile of India’s borrowing base amid evolving global financial conditions.External Debt Reaches New High Mark Amid Currency Fluctuations The overall external debt to GDP ratio increased, reaching 20.8 per cent as of end-March 2026, up from 19.8 per cent in March 2025. The sheer...

Coforge Shareholders Approve Board Appointments and Strategic Roles Following Postal Ballot Coforge Ltd announced that its shareholders successfully approved several resolutions following a Postal Ballot concluded on June 28, 2026. The approvals covered key appointments of directors and senior management personnel, affirming support for the company's strategic direction.The successful outcomes included approving the appointment of Mr. Vivek Sharma (DIN: 10741746) as an Independent Director. Additionally, shareholders approved the appointments of Ms. Shweta Jalan (DIN: 00291675) and Mr. Atin Jain (DIN: 08948630) as Non-Executive Directors on the Board.Furthermore, the company informed stakeholders that Mr. Anup Nair has been...

Lakhotia Polyesters Updates Acquisition Timeline for New Nexus FZ LLC Amid Regulatory Delays Lakhotia Polyesters (India) Ltd has provided an update regarding its proposed acquisition of a stake in New Nexus FZ LLC. The company initially aimed to conclude the purchase, which involves a 100% stake in the Dubai-based entity, by June 30, 2026.The corporation confirmed that the timeline for the transaction needs adjustment due to delays encountered in receiving necessary regulatory approvals. Consequently, the proposed acquisition is now anticipated to be completed on or before September 30, 2026.This update relates to previous intimations issued by the company regarding the ongoing acquisition of New Nexus FZ LLC.Stock Price Movement...

Baroda Rayon Corporation Secures 80 Crore Term Loan Facility from Aditya Birla Capital LimitedBaroda Rayon Corporation Ltd has secured a secured term loan facility aggregating to 80.00 Crore from Aditya Birla Capital Limited (ABCL). The facility was approved following a Board Meeting held on Monday, June 29, 2026.The agreement with ABCL encompasses multiple components designed to strengthen the company's financial structure. This includes a fresh term loan amounting to 47.94 Crore. Additionally, the arrangement involves taking over and refinancing the corporation's existing consortium loan facility totaling 32.06 Crore.The existing consortium loan, which is being refinanced by ABCL, was previously availed from The Mehsana Urban...

Sunlite Recycling Industries Limited Opens New Branch Office in Ahmedabad Sunlite Recycling Industries Limited has expanded its operational presence with the opening of a new branch office in Ahmedabad, Gujarat. The company established this new location to support and enhance its business activities.The move signals the growth trajectory of the recycling industry player as it sets up operations in the city.SUNLITE Stock Price Movement Shares of Sunlite Recycling Industries Limited closed today, slipping by 0.44% to settle at ₹434.50. The stock traded with a volume of 8,700 shares, moving from an opening price of ₹439.95 and reaching a low of ₹423.70 during the trading session.

CESC Incorporates Wholly Owned Subsidiary for Renewable Power VenturesCESC Ltd has extended its corporate structure by incorporating a new entity, Purvah Energy Ventures Private Limited (PEVPL), dedicated to exploring opportunities within the renewable power sector. PEVPL was incorporated on June 24, 2026, and received its Certificate of Incorporation from the Registrar of Companies, Central Registration Centre, Ministry of Corporate Affairs, on June 29, 2026.Purvah Energy Ventures Private Limited has been established as a Wholly Owned Subsidiary (WOS) of Purvah Green Power Private Limited, which in turn is a subsidiary of CESC Ltd. The new entity belongs to the renewable power sector and aims to explore opportunities within this...

Eswari Metal Industries Files IPO Draft: ₹1,300 Crore Raise Planned for Expansion and Debt Prepayment Integrated Metal Manufacturer Seeks Massive Capital Infusion via SEBI Filing Coimbatore-based Eswari Global Metal Industries Ltd has taken a significant step toward scaling its operations by filing draft papers with the Securities and Exchange Board of India (SEBI) to launch an Initial Public Offering (IPO). This move aims to raise substantial capital needed for manufacturing expansion and crucial debt management.The comprehensive IPO structure involves both a fresh issue of shares and an Offer For Sale (OFS) component, signaling confidence from existing stakeholders in the company's future trajectory. The total estimated size of the...

Shashvat Somany Appointed Joint Managing Director of Hindware Limited; Role Effective from October 1, 2026 Hindware Home Innovation Ltd announced that shareholders of its material subsidiary, Hindware Limited, approved the appointment of Mr. Shashvat Somany as Joint Managing Director and designated Whole Time Key Managerial Personnel. The decision was finalized at a shareholders meeting held on June 29, 2026.Mr. Shashvat Somany is set to assume the role effective October 1, 2026, and will hold office for a period of five years.The appointment relates to the strategic direction and growth initiatives of Hindware Limited. Mr. Somany currently serves as a Non-Executive Director of Hindware Limited and holds the position of Head of...

MSTC Shares Surge 6.55% as Delhi EV Policy Promises Massive Scrappage Incentives MSTC shares skyrocketed, settling at ₹689.80 per share on the NSE after registering a significant gain of 6.55 percent on Monday. This sharp rally followed the approval of the comprehensive Delhi EV Policy 2026 by the Delhi government. The policy introduces robust scrappage incentives and purchase subsidies designed to rapidly accelerate the transition towards electric mobility in the national capital.The PSU, which is a mini Ratna category-I entity under the Ministry of Steel, benefits directly from this regulatory push. MSTC’s operational scope includes handling scraps, old plant and machinery, surplus stores, and real estate, making it well positioned...