Markets

ICICI Bank Leads Big Gains as Six Top 10 Firms Add ₹88,678 Crore in Market Valuation Domestic Markets Post Mild Rally Amid Global Sentiment Shift Indian equity markets finished the holiday-shortened trading week with a positive performance. The BSE Sensex closed up 297.57 points, achieving a rise of 0.38 per cent. Concurrently, the NSE Nifty advanced by 42.9 points, marking an advance of 0.17 per cent.This mild bullish trend was noted amidst varied stock performances across India's most valuable companies. The overall market movement suggests underlying resilience, despite some significant losses in key sectors.Six Top Valued Companies Drive Market Gain Six out of the top ten most-valued firms collectively added ₹88,678.1 crore to...

Kothari Fermentation & Biochem Ltd announces withdrawal of CRISIL credit ratings for bank facilities Kothari Fermentation & Biochem Limited has announced that CRISIL Ratings Limited has withdrawn all credit ratings assigned to its bank facilities. The rating action pertains to the bank facilities availed by the company from Kotak Mahindra Bank Limited, following the repayment of the said facility and the submission of the necessary No Objection Certificate.The withdrawal covers both Long Term and Short Term ratings for the specified bank loan facilities. In total, the rated bank loan facilities amounted to Rs. 44 Crore.Kothari Fermentation & Biochem Ltd (KFBL) was established in 1990 and is promoted by Mr Moti Lal Kothari and Mr...

Tata Motors Unleashes Aggressive EV Roadmap: Four New Models and Over 10 Refreshes Set to Sustain Leadership Against Mass Market Adoption Tata Motors Passenger Vehicles is fundamentally shifting its focus in the rapidly expanding Indian electric vehicle market. The company announced a robust product strategy, committing four new models and more than ten refreshes by FY31. This initiative aims to transition their dominance from the niche 'early adopters' segment to securing the mass market share represented by the early and late majority consumers.Targeting the Mass Market: Beyond Early Adopters The company acknowledged that EV adoption in India has crossed the threshold of 'early adopters' and is entering the crucial phase of the...

Adani Total Gas ESG Rating Revised by CARE ESG Ratings Limited Adani Total Gas Limited has seen its Environmental, Social, and Governance (ESG) score revised upwards following an annual surveillance exercise conducted by CARE ESG Ratings Limited. The company maintains a strong commitment to ESG principles as the rating reflects best-in-class performance in risk management, disclosures, and policy implementation.CARE ESG Ratings Limited has updated the ESG Score assigned to Adani Total Gas Limited. Previously rated at 83.3, the company now holds an ESG score of 84.0. The overall rating assigned to Adani Total Gas Limited remains Care Edge - ESG 1+.The rating status Care Edge - ESG 1+ signifies a leadership position in managing ESG...

Gold Plummets as US-Iran Tension Intensifies, Fueling Inflation Concerns Commodity Markets Reel Amid Middle East Flare-Up Spot gold declined sharply after the United States and Iran engaged in retaliatory attacks in the Persian Gulf. These renewed tensions have strained a previous ceasefire agreement that had led to lower energy prices and cooled expectations regarding an imminent interest rate hike.Gold saw declines, trading down as much as 0.9% following a 1.6% gain registered on Friday. Oil advanced in response to the weekend's tit-for-tat assaults, which included hitting a tanker carrying Qatari crude. The attacks hampered shipping activity through the Strait of Hormuz.Despite the volatility, gold maintained a critical...

TBO Tek Reports Strong Quarter, Highlights Dominance in Global B2B Travel Distribution Market TBO Tek Limited has presented detailed operational and financial performance data, showcasing its strategic position as a top global two-sided B2B travel distribution platform. The company continues to leverage technology and strategic growth initiatives to solidify its footprint across the travel industry.Financial Performance Overview The company's results demonstrate structural resilience, with key metrics tracking progress in both organic and combined segments. TBO reports that transacting buyers monthly stood at 30,063 (showing a 6% year-on-year increase) for the Organic segment.Total Gross Value (GTV) for the Combined segment reached...

Dollar Poised for Big Gain as Gulf Tensions Mount Amid Critical Jobs Data Release The U.S. dollar is set to post its largest monthly gain in nearly a year, driven by escalating geopolitical tensions in the Gulf and looming expectations surrounding key labor market data. Although the dollar experienced defensive trading on Monday, these macroeconomic risks are bolstering safe-haven demand for the greenback as global equity markets face volatility.Escalating Geopolitical Risks Fuel Safe-Haven Demand Tensions between the U.S. and Iran remain a significant driver of global financial uncertainty following renewed tit-for-tat exchanges over the weekend. The possibility of a fragile ceasefire being brokered in Qatar is keeping investors...

Powerica Limited Establishes Wholly Owned Subsidiary for Renewable Energy Projects Powerica Limited has established a Wholly Owned Subsidiary (WOS) focused on the renewable energy sector, named Whisperwind Renewable Private Limited. The company was officially incorporated in India on June 27, 2026.Whisperwind Renewable Private Limited (WRPL) is dedicated to the development and construction of various green power initiatives. Its primary business objects include setting up and executing wind power projects, solar power projects, Wind-Solar Hybrid Projects, or any other related renewable energy ventures, as well as all allied activities pertaining to the creation of wind parks and power generation from these sources.The incorporation...

Apollo Micro Systems Ltd Announces Board Meeting and Closes Trading WindowApollo Micro Systems Ltd has announced key corporate developments, including the scheduling of a Board of Directors meeting and the closure of its trading window for designated personnel.The company's Board of Directors is set to meet on July 6, 2026, at its registered office in Hyderabad. The purpose of the meeting includes considering the issuance of equity shares and/or convertible securities, including warrants, on a preferential basis. The board will also determine the issue price as permitted under applicable laws, subject to required regulatory or statutory approvals and shareholder approval.In adherence to the company's Code of Conduct for Prevention...

Indoco Remedies Secures Critical EU GMP Certifications, Bolstering Global Manufacturing Credibility Indoco Remedies has received significant quality endorsements following successful inspections of its manufacturing plants across India. The company secured crucial European Union Good Manufacturing Practice (GMP) certification for its solid oral dosage facility in Goa. This achievement elevates the firm's standing in the global pharmaceutical supply chain.The certification was granted by the Malta Medicines Authority after an inspection conducted from November 19 to November 24, 2025. This milestone confirms that Plant I complies with all Good Manufacturing Practice requirements set forth by the relevant European Commission Directive...

Netweb Technologies India Schedules Board Meeting to Evaluate Multi-Tranche Fundraising Proposals Netweb Technologies India Ltd has scheduled a meeting of its Board of Directors for Wednesday, July 01, 2026. The primary agenda item for the board includes considering, evaluating, and approving all proposals related to raising funds through various financial instruments and securities.The company is exploring funding options that span multiple tranches or issuances. These potential fundraising methods include, but are not limited to, a qualified institutions placement, a private placement, a follow-on public offer, and a rights issue. The proposals encompass the issuance of various instruments such as equity shares, preference shares...

Shalby Limited Successfully Resolves Arbitration Disputes with Dr. Viral Shah and Dr. Praveen Saxena Shalby Limited has reported that arbitration proceedings in two separate matters have been formally disposed of, following a settlement filed by all parties involved. The cases concern disputes involving the company against Dr. Viral Shah and Dr. Praveen Saxena.The resolution was finalized vide an Order dated June 26, 2026, issued by the learned Sole Arbitrator for both matters. The disposal resulted from the joint withdrawal or settlement agreement filed by the respective parties in each case.The following details provide a breakdown of the disposed arbitration cases:Arbitration Case DetailsParticularsShalby Limited Vs Dr...

Infomerics Revises Ratings of Som Distilleries amid Temporary Suspension at Bhopal Plant Infomerics Ratings has revised the bank facilities ratings for Som Distilleries & Breweries Limited and its subsidiary, Woodpecker Distilleries and Breweries Private Limited. The rating changes reflect the impact of the temporary suspension of operations at the Company's Bhopal plant.The long-term rating for the Company was revised to BBB from BBB+. Concurrently, the short-term rating was revised to A3+ from A2.The revision comes as the company takes necessary steps toward resuming operations at the affected Bhopal facility. Management stated that they expect the ratings profile to improve once operations normalize.SDBL Stock Price Movement On...

Asian Granito Completes Disposal of 26% Equity Stake in Two Associate CompaniesAsian Granito India Limited has completed the transfer and disposal of its equity stake in two associated companies: AGL Proteins Private Limited and Allomex Steel Private Limited. The transaction was finalized on June 27, 2026.The transfer involved Asian Granito India Limited's entire 26% equity holding in both AGL Proteins Private Limited and Allomex Steel Private Limited. This stake was transferred to AGL Industries Limited, which is a Wholly-owned Subsidiary of Asian Granito India Limited.Following the successful completion of the disposal, AGL Proteins Private Limited and Allomex Steel Private Limited have ceased to be Associate Companies of Asian...

Promoter Acquires 18 Lakh Convertible Warrants in Atmastco Limited through Preferential AllotmentAtmastco Limited confirmed the acquisition of convertible warrants by its promoter, Subramaniam Swaminathan Iyer. The transaction involved a preferential allotment of 18,00,000 Convertible Equity Warrants to Mr. Iyer on June 24, 2026. This acquisition represented 6.88% of the total paid up shares capital upon completion of the transaction.The purchase of the warrants was executed through Preferential Allotment and details reflect the changes in the promoter's stake within Atmastco Limited.MetricBefore AcquisitionAfter AcquisitionTotal Equity Shares Held by Promoter73,04,27791,04,277Percentage of Total Paid Up Shares Capital...

ABB India Appoints Senior Executive for Motion Division at Subsidiary ABB India Limited has announced a key management appointment following the approval by its Board of Directors. Mr. Hemanth Kumar has been appointed as Local Division Manager - Motion (MOTR) and designated as a Senior Management Personnel (SMP) of the company. The appointment is set to be effective from July 1, 2026.The decision follows a review by the Nomination and Remuneration Committee and was officially approved by the Board of Directors on June 27, 2026.Profile of New Senior Manager Mr. Hemanth Kumar is described as a seasoned business leader with over two decades of experience spanning Sales and Marketing. His professional journey includes various leadership...

Adani Group achieves significant renewable capacity milestone with solar project operationalization Adani Green Energy Limited (AGEL) has expanded its operational scale following the commissioning of a new solar power project managed by its wholly-owned subsidiary, Adani Renewable Energy Eight Limited (ARE8L). The project, located in Khavda, Gujarat, adds 150 MW to the group's renewable energy portfolio.The operationalization of this facility was completed on June 28, 2026, after a decision was made at 10.42 p.m. on June 27, 2026, based on relevant clearances.With the successful integration and commissioning of this new solar power plant, AGEL has significantly increased its operational generation capabilities. The company currently...

Oil Futures Rise amid Geopolitical Thaw as Asian Equities Grapple with Lingering Tech Oversupply Asian stock markets demonstrated extreme volatility on Monday, following an agreement between Iran and the United States to halt renewed hostilities. This diplomatic pause comes after a period of tit-for-tat strikes that had threatened the stability of an interim peace deal established earlier this year. While investor sentiment remains cautious, uncertainty in the Middle East bolstered crude oil prices, even as technology sector concerns persist globally.Asian Equities See Mixed Selling Following Middle East De-escalation Regional markets showed significant weakness despite the halt in escalated attacks. The MSCI broadest index of...

Aditya Ultra Steel and VMS TMT Limited Approve Amalgamation Scheme Aditya Ultra Steel Limited has approved a scheme of amalgamation for the merger of the company into VMS TMT Limited. The Board of Directors of Aditya Ultra Steel, which held a meeting on June 27, 2026, confirmed the approval of the proposed transaction.The scheme involves the integration of Aditya Ultra Steel Limited (AUSL) with VMS TMT Limited. The merger is set to combine the strengths and operational capabilities of both companies under a single entity.Company Profiles at Merger Date As reported in the details concerning the amalgamation, the financial standing of both entities as of March 31, 2026, was as follows:MetricAditya Ultra Steel Limited...

China's Surge Rewrites Soy Oil Map: India's Import Dependence Climbs as Global Supply Risks Rise India’s dependence on crude soybean oil imports is escalating, marked by the emergence of China as a significant new supplier. This shift adds to New Delhi’s reliance on a concentrated group of exporting nations, raising concerns about supply chain vulnerability and geopolitical shocks. Data reveals that Argentina, Brazil, and China together accounted for 93.3 percent of India's crude soybean oil imports between November 2025 and March 2026.The Consolidation of Soybean Oil Supply The market dynamics are undergoing a significant transformation as smaller exporters cede ground to major players. China has rapidly ascended, contributing 8.1...