Markets

Transrail Lighting Surges as it Secures ₹459 Crore Global T&D Orders in MENA Region Transrail Lighting shares saw a significant rally today after the company announced major international contracts worth approximately ₹459 crore. The boost in stock price reflects the robust appetite for its Transmission & Distribution (T&D) solutions globally.Trading at 09:27 am on the BSE, Transrail Lighting was quoted at Rs 523.25, registering a gain of Rs 11.05 or 2.16 percent. This positive movement comes as the company continues to expand its footprint in the international infrastructure market.Overseas EPC Orders Drive Stock Rally The contracts secured by Transrail Lighting primarily involve Engineering, Procurement, and Construction (EPC)...

SML Mahindra Limited Announces 42nd Annual General Meeting for FY 2025-26; AGM Scheduled for July 21, 2026 SML Mahindra Limited, formerly known as SML ISUZU Limited, has scheduled its 42nd Annual General Meeting (AGM) for the fiscal year 2025-26. The meeting is slated to take place on Tuesday, July 21, 2026, at 11:30 A.M., and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM).The company has made the Annual Report for FY 2025-26 available to stakeholders. The AGM notice and the comprehensive annual report are accessible electronically through designated channels, in line with regulatory guidelines that permit companies to hold AGMs via VC/OAVM without physical attendance at a common venue.Key details...

Vilin Bio Med Limited Appoints New Company Secretary and Compliance Officer; Notes Resignation of Key Managerial Personnel Vilin Bio Med Limited has finalized key appointments and noted a change in personnel regarding its senior management roles, following a Board meeting held on June 27, 2026. The company approved the appointment of Ms. Neha Lahoti as the Company Secretary and Compliance Officer, while simultaneously taking note of the resignation of Ms. Anjali Choudhary from her role.Ms. Neha Lahoti was appointed to serve as the Company Secretary and Compliance Officer, effective June 27, 2026. As part of the appointment, Ms. Lahoti's brief profile was noted by the Board. She is an Associate Member of the Institute of Company...

REC Limited to Merge into Power Finance Corporation Limited as part of Strategic Consolidation Power Finance Corporation Limited (PFC) has approved a significant scheme wherein REC Limited will be absorbed by PFC, creating a consolidated entity aimed at driving power sector reform and financing infrastructure growth in India. The board decision solidified the merger between the two public sector entities.The Scheme involves the merger by absorption of REC into PFC, effective from an Appointed Date to be specified later. Under the terms of the scheme, REC will be dissolved without being wound up. Eligible shareholders of REC will receive Consideration Shares as defined in the scheme.The agreed share exchange ratio stipulates that for...

Texmaco Rail Secures Letter of Intent from Mangalore Coal Terminal for Electrical Equipment Project Texmaco Rail & Engineering Limited has secured a Letter of Intent (LOI) valued at Rs. 4.71 crores from Mangalore Coal Terminal Private Limited. The LOI pertains to the design, supply, erection, testing, and commissioning of 25KV, 50Hz Overhead Electrical Equipment.The contract is categorized as domestic, with Texmaco Rail being involved in delivering specialized electrical infrastructure solutions for the coal terminal. This business development highlights Texmaco’s capacity in executing complex industrial projects within the relevant timeframe.Key details of the order and its terms are summarized below:DetailInformationClient...

Commercial Syn Bags Limited Reaches Final Stages of Expanding Techtex Manufacturing Capacity Commercial Syn Bags Limited has announced a significant operational update regarding its manufacturing capacity expansion at the Techtex unit. The company stated that it is currently in the final stages of commissioning the expanded manufacturing facility located at Plot No. A-12 and A-13, within the Indore Special Economic Zone, Pithampur Phase-II, Dhar, Madhya Pradesh.The operational expansion involves the Techtex unit, a division of Commercial Syn Bags Limited. The company indicated that the trial run for the enhanced capacity is scheduled to commence on or before July 15, 2026.Based on the successful completion and stabilization of this...

Vikran Engineering Cancels ₹354 Crore EPC Contract with Ellume Energy Due to Client Delays Vikran Engineering Ltd has announced the cancellation of a significant contract previously accepted from Ellume Energy MH Solar One Private Limited (SPV). The order, which was valued at approximately ₹ 354.21 crore, pertains to a Turnkey Engineering, Procurement, and Construction (EPC) Contract for the 100 MW AC Solar Power Project in Maharashtra.The company decided not to proceed with the project following an internal evaluation. The cancellation is attributed primarily to prolonged delays encountered by the client in achieving necessary project readiness milestones. These delays included the failure of the client to provide the required Power...

Nabha Power Limited seeks re-classification from Promoter Group to Public status LTM Ltd has received a request from Nabha Power Limited (NPL) seeking to be re-classified from the 'Promoter Group' category to the 'Public' category. The company stated that this request is consequent to changes in NPLs ownership structure, which involve the transfer of equity holdings.The requested reclassification applies to the shareholding status of Nabha Power Limited (NPL). According to the details provided by LTM Ltd, NPL currently holds zero shares and has a nil percentage stake within the relevant category structure.Company NamePresent CategoryNo. of shares heldPercentageNABHA POWER LIMITEDPromoter GroupNilNilThe request for...

IPO Frenzy Expected: 11 Public Issues and 10 New Listings Set to Dominate Dalal Street This Week The financial market is poised for a massive flurry of activity this week. A total of 11 new public issues are scheduled for subscription, generating significant capital across various sectors. Furthermore, investors can look forward to the debut of 10 new companies across both mainboard and SME platforms.Major IPOs Set to Raise Over ₹900 Crore This Week The upcoming public offerings are set to raise substantial funds. These IPOs are anticipated to mobilize more than ₹900 crore collectively. Of this amount, two key mainboard issues are expected to contribute ₹609.5 crore.Aastha Spintex is among the primary mainboard listings, starting...

Prime Focus Subsidiary Acquires 48.45% Stake in Spanish Animation Studio Ánima Kitchent Canarias Prime Focus Limited's subsidiary, Double Negative Films Limited, has acquired a significant equity stake in the Spanish animation studio, Ánima Kitchent Canarias, S.L. The acquisition was finalized on June 26, 2026, and involved the payment of cash consideration.The transaction allowed Prime Focus to secure access to Spanish Animation production capabilities and markets. This move is further highlighted by a partnership with SETT (Sociedad Española para la Transformación Tecnológica), a Spanish Government fund, which has committed an overall investment of Euro 24.9 million into Ánima Kitchent Canarias, S.L. under the framework of a...

Womancart Partners with Just Organik to Bolster Wellness Offering through Organic Food Expansion Womancart Limited has undertaken a significant move in its growth trajectory by forming a strategic collaboration with Just Organik, effectively expanding its footprint into the high-growth Health & Wellness sector. This partnership complements Womancart's existing offerings in fashion and lifestyle products, solidifying the company's position as a comprehensive lifestyle commerce platform.By partnering with Just Organik, an established Indian organic food and wellness brand focused on purity, quality, and sustainable sourcing, Womancart enables customers to access a wide range of certified organic goods through its platform. The...

PFC and REC Merger Approved: Power Giant to Surge with Rs 11 Lakh Crore Combined Loan Book; Share Swap Fixed at 88:100 Board Approves Landmark Merger of State-Owned Financiers Power Finance Corporation (PFC) and Rural Electrification Corporation (REC Ltd) have successfully approved the long-awaited scheme for their merger. This move is set to create a formidable power sector financing giant, combining two major state-run lenders into one entity. The companies announced the approval in a late-night exchange filing on June 28.The merger involves REC integrating into PFC. Both boards ratified the Scheme of Merger under Sections 230 to 232 of the Companies Act, 2013. This move aligns with Finance Minister Nirmala Sitharaman’s earlier...

Garlon Polyfab Industries Announces Unaudited Financial Results for Quarter Ended June 30, 2022 Garlon Polyfab Industries Ltd has released its unaudited financial results for the quarter ending June 30, 2022. The Company's Board of Directors considered and approved these results during a meeting held on August 8, 2022.The unaudited statements were reviewed by Chartered Accountants, who provided a limited review report confirming that the statements adhere to recognized accounting practices and Ind AS prescribed under Section 133 of the Companies Act, 2015.Financial Performance Overview The results present key operational and financial metrics across three quarters ending in 20221 and the corresponding full year of 2021. The detailed...

Defense giants targeting Wall Street: Israel explores massive IPOs for Iron Dome and Arrow missile makers The Israeli government is reportedly exploring a major strategic pivot, looking to list two of its largest state-owned defence companies in the United States. This initiative aims to unlock significant financial resources while simultaneously granting the firms greater regulatory flexibility regarding sensitive national security programs.Representatives from Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems are expected to visit American investment banks and regulators starting in mid-July. These discussions will cover various primary and dual-listing structures, though a final decision has yet to be made by...

Standard Engineering Acquires 51% Stake in GScale Energy to Address AI Datacenter Power and Cooling Gap Standard Engineering Technology Limited (SETL), a proven manufacturer of mission-critical engineering infrastructure, has invested in GScale Energy Private Limited, acquiring a 51% equity stake. This strategic move positions the combined entity to address the critical need for locally manufactured power and cooling equipment essential for India's burgeoning AI Datacenter infrastructure sector.The investment is part of a total program commitment by SETL amounting to ₹487 Crores. Phase-I of the investment involves the acquisition of the 51% equity stake for ₹190 Crores, which includes a ₹65 Crore share-swap component, with the...

Global Gold and Silver Slip Amid Iran War Fears: Key Rates Check as Uncertainty Puts Pressure on Bullion Prices Bullion prices saw a marginal dip in early trading on June 29, driven by mounting uncertainties surrounding the ongoing conflict in Iran. This geopolitical tension has kept oil prices elevated while simultaneously strengthening the US dollar, creating downward pressure on commodity markets. International spot gold slipped 0.37 percent to $4,081 per ounce during the morning trade on Comex. Silver also edged down, falling by 0.97 percent to $58.60 per ounce.Global Commodity Movements and Market Reaction The international bullion market demonstrated a subdued reaction in early trading despite global pressures. Gold’s slight...

Rupee Gains 5 Paise Amid Global Tensions; Dollar Surge Signals Cautious Market Appetite The Indian rupee opened marginally higher in response to mixed global cues and sustained commodity stability. The currency appreciated by 5 paise at the open, trading at 94.35 against the US dollar from Thursday’s closing level of 94.40. This modest gain reflects a cautiously optimistic environment despite ongoing international tensions.Currency Movement: Rupee Forecasts and Trading Strategy Market sentiment remains cautious across global markets, leading Finrex to project that the rupee is expected to trade within a range of 94.20–94.75 during the session. Although both the US and Iran have agreed to halt attacks and resume diplomatic talks...

Solex Energy Incorporates Wholly-Owned Subsidiary to Expand into Battery Energy Storage Systems Solex Energy Limited has incorporated a new wholly owned subsidiary, BESS June 22, 2026, marking a strategic expansion into the battery energy storage sector. The company received the Certificate of Incorporation for the entity on June 27, 2026.The new subsidiary is dedicated to covering the entire lifecycle of Battery Energy Storage Systems (BESS). Its scope includes manufacturing, assembling, designing, developing, installing, commissioning, operating, maintaining, and dealing in BESS technologies.Solex Energy Limited holds a 100% stake in the new venture, making it a related party transaction. The subsidiary was incorporated on June...

TVS Motor Company Launches Nepal's Most Powerful Apache RTR 160 4V TVS Motor Company (TVSM) has introduced the all-new Apache RTR 160 4V in Nepal, positioning it as one of the most powerful motorcycles in its segment. The launch, held in Kathmandu on June 27, 2026, marked a significant step for TVSM to expand its footprint within the Nepali market by launching this performance-oriented motorcycle.The Apache RTR 160 4V is described as an embodiment of high-performance motorcycling, designed with input from racetrack experience and refined through forty-four years of TVS Racing heritage. The new model combines advanced technology with proven performance, targeting riders who value both agility and control.Key enhancements introduced...

Geopolitical Tensions Ease: Oil Prices Waver as Gold Slips Amid US-Iran Ceasefire Hopes Commodity markets faced a challenging session on June 29 as mitigating geopolitical risks led to diminished safe-haven demand. The easing of tensions between the US and Iran, following recent incidents near the Strait of Hormuz, put downward pressure on precious metals while oil prices consolidated after earlier gains.Oil Prices React to De-escalation in the Middle East Oil futures traded cautiously as concerns regarding energy supply disruptions lessened. Brent crude saw a marginal movement, hovering near $72 per barrel after having risen up to 1.9% earlier in the session. West Texas Intermediate (WTI) remained below $70 per barrel, reflecting...