Markets

Kajaria Ceramics Allots 20,760 Equity Shares Under Employee Stock Option Scheme 2015 Kajaria Ceramics Ltd has completed the allotment of equity shares to grantees who exercised options granted under the Kajaria Employee Stock Option Scheme 2015 (ESOP Scheme 2015). The Company's Nomination and Remuneration Committee, through a Circular Resolution passed on June 27, 2026, allotted 20,760 equity shares of face value Re. 1 each for cash at Rs. 980 per share.The allotment pertains to Tranche 2 and 3 under the ESOP Scheme 2015. The newly issued equity shares are set to rank pari-passu with all existing equity shares of Kajaria Ceramics Ltd in every respect.Consequent to this issuance, the paid up share capital of the Company has been...

CARE Reaffirms Ratings for KEI Industries Ltd: Long Term Bank Facilities Rated AA+ CARE Ratings Limited has reaffirmed the credit ratings for KEI Industries Ltd, covering both its long-term bank facilities and short-term instruments, following a review of the company's operational and financial performance.The rating agency assigned CARE AA+ to the Company’s Long Term Bank Facilities. This classification signifies that these instruments are considered to have a high degree of safety regarding the timely servicing of financial obligations and carry very low credit risk.In addition, KEI Industries Ltd received a rating of CARE A1+ for Short Term Bank Facilities and Commercial Paper. The A1+ rating indicates that these instruments...

US FDA Inspects Aurobindo Pharma Subsidiary; Inspection Concludes with Two Observations Aurobindo Pharma Ltd.'s wholly owned subsidiary, Auroactive Pharma Private Limited, underwent an inspection by the United States Food and Drug Administration (US FDA). The inspection focused on the manufacturing operations of Active Pharmaceutical Ingredients (API) and Pharmaceutical Formulation Intermediates.The US FDA conducted the inspection at the facility in Andhra Pradesh from June 22, 2026, to June 26, 2026.According to details provided regarding the regulatory visit, the US FDA concluded the inspection with two observations. The company stated that it will respond to these findings within the stipulated time.The operational aspects and...

Acquirer and PAC Initiate Open Offer for Antariksh Industries Ltd Following Substantial Share Acquisition A triggered Open Offer has been launched by Mr. Alpitkumar Pravinchandra Gor and Riddhi Infocom Solutions LLP, targeting shareholders of Antariksh Industries Limited. The offer is being managed by Mark Corporate Advisors Private Limited.The acquisition aims to gain control over the target company following a structured transaction involving both a Share Purchase Agreement (SPA) and a Preferential Issue.Open Offer Details The open offer allows interested parties to acquire equity shares of Antariksh Industries Limited at a fixed price, with the potential for high market penetration given the scale of the intended acquisition...

Glittek Granites Completes Major Leadership Restructure; New Directors and CFO Appointed Amid Departures Glittek Granites Limited announced significant changes in its leadership structure following a Board meeting held on June 25, 2026. The company approved several key appointments of directors and managerial personnel, alongside noting the resignations of multiple senior executives and board members.A number of new individuals were appointed to various director and Key Managerial Personnel (KMP) roles, subject to shareholder approval. These include Mr. Maheshkumar Jatashankar Thanki as an Additional Executive Director in the capacity of Chairperson and Whole-time Director, and Mr. Bhargav Girjashankar Thanki as an Additional...

Promoter Sells Shares in GNA Axles Limited; Mr. Maninder Singh Holdings Reduce to 7.95% Mr. Maninder Singh, a member of the Promoter Group, has completed the sale of equity shares in GNA Axles Limited. The transaction involved the disposal of 1,135,767 Equity Shares, resulting in his holding stabilizing at 7.95%.The sale occurred between June 18, 2026, and June 24, 2026. Following this divestment, Mr. Singh's stake reflected a decrease from the previous level of 10.6% to the current holding of 7.95% in the company.The sale details pertain to GNA Axles Limited, which has a total diluted share capital after the transaction reported at 42,930,800 shares. Before the said acquisition or sale, the equity share capital stood at...

Promoter Sells 1,135,767 Equity Shares in GNA Axles Limited A member of the promoter group in GNA Axles Limited has sold a portion of their equity shares, reducing their holding. The transaction was completed between June 18, 2026, and June 24, 2026, with the intimation provided on June 26, 2026.Mr. Maninder Singh, identified as part of the Promoter Group, conducted the sale of 1,135,767 Equity Shares. This transaction resulted in a reduction of his shareholding percentage to 7.95%. The total value of the sold shares was recorded at 48,548,5492.00.The sale marks a change in the holding details for the promoter group member. Prior to the disposal, Mr. Singh held 4,549,426 Equity Shares, which constituted 10.6% of the total share...

Aarogya Setu 2.0 and Digital Initiatives Surge: India Strengthens Health Infrastructure with National-Scale Interoperable Ecosystem Union Minister for Health & Family Welfare, Shri Jagat Prakash Nadda, is set to launch a series of transformative digital health initiatives on June 29, 2026. These programs are specifically designed to bolster India's Digital Public Infrastructure (DPI) for health. The comprehensive suite of tools aims to make healthcare services significantly more accessible, interconnected, and operationally efficient nationwide.The launch event is scheduled at Vigyan Bhawan, New Delhi, and will gather key stakeholders across the entire ecosystem. These initiatives span citizen-facing applications, provider-focused...

Shri Bajrang Alliance Completes Withdrawal from Chemical Distillery LLP; Cites Strategic Capital Optimization Shri Bajrang Alliance Limited (SBAL) has completed the withdrawal of its partnership interest in Shri Bajrang Chemical Distillery LLP (SBCD LLP). The transaction, which involved the reconstitution of the LLP, was finalized on June 26, 2026.The completion of the partnership dissolution follows prior intimations made by SBAL regarding the matter. The withdrawal process was sanctioned internally after receiving approvals from both the Audit Committee and the Board of Directors of SBAL during meetings held on June 24, 2026. The partners of SBCD LLP subsequently approved the cessation of SBAL's partnership interest at their meeting...

Persistent Systems to Surge in European Digital Space as it Acquires Nagarro for Massive Premium Persistent Systems has announced a significant move into global digital engineering, offering to acquire all outstanding shares of German firm Nagarro SE. This acquisition marks one of the largest overseas acquisitions by an Indian IT services company. The takeover offer, put forward through Persistent's subsidiary Galaxy Germany Holding, is set at €81 per share in cash.The proposed deal represents a substantial premium for investors. It carries a 140 percent premium over Nagarro’s undisturbed closing share price from June 25 and a 94 percent premium relative to its three-month volume-weighted average price. Persistent anticipates the...

AI Tech Stocks Plunge as S&P Edges Down; Healthcare Surge Highlights Market Unease The S&P 500 posted a marginally lower close, ending at 7,353.95 points, as volatility spread across key sectors. While some companies showcased remarkable resilience and growth potential, the steep decline in AI-related chipmakers underscored ongoing concerns over profitability within Wall Street’s tech giants.The PHLX chip index tumbled 5.3%, suffering a significant 7.9% loss for the week—its worst performance since early April. This substantial drop comes amid questions regarding the timeline for massive spending on AI data centers to translate into sustained corporate profits.Chip Sector Turbulence and Profitability Concerns AI-related tech stocks...

S&P Keeps US Sovereign Rating at AA+, Citing Resilient Economy Amid Political Risks S&P Global Ratings has reaffirmed the United States' credit rating at AA+. This status places the world's largest economy one notch below the top sovereign ranking. The agency emphasized the nation's resilient economic structure, which is expected to support solid fiscal revenue collection over the coming years, despite existing high but stable fiscal deficits.Analysts at S&P, led by Lisa Schineller, noted that the stable outlook is underpinned by robust economic growth and the credible execution of monetary policy. The rating assessment suggests the US economy remains fundamentally sound, bolstering its ability to manage fiscal challenges on a...

SpaceX Joins Nasdaq 100: Massive Passive Buying Wave Expected as Rocket Giant Enters Blue-Chip Index Ranks Nasdaq exchange operator confirmed on Friday that SpaceX will be added to the tech-heavy Nasdaq 100 index starting July 7. This highly anticipated move is set to ignite a significant surge in passive investments targeting Elon Musk’s rocket and AI giant.Inclusion in major indices typically triggers substantial stock price movements. Exchange-traded funds (ETFs) that aim to perfectly replicate the index's performance will consequently buy shares of the newly included firm. This effect makes the inclusion a critical event for market participants focused on the growth technology sector.Market Impact and Passive Investment Inflows...

RITES Ltd Ratings Reaffirmed by Infomerics; Highlights Include Strong Order Book and Zero Debt Status Infomerics Valuation and Rating Limited (IVR) has reaffirmed the credit ratings of RITES Limited, citing the company's strong strategic position as a Government of India undertaking, diversified revenue streams, and comfortable financial risk profile. The rating action was confirmed following a review period covering FY2025 and FY2026.The reaffirmation covers various facilities offered to RITES Ltd., with the total amount rated standing at Rs. 3555.00 Crore. Both long-term and short-term ratings were reaffirmed under the IVR rating scale.Credit Rating Summary Infomerics assigned the following key ratings for RITES Limited's bank...

Gold Surges Past $4,000 as Inflation Data Moderates Rate-Hike Expectations Spot gold climbed significantly on Friday, breaching the $4,000-an-ounce mark after a critical US inflation print tempered aggressive expectations for an interest rate hike by the Federal Reserve. The metal's gain capped a volatile week, which had seen precious bullion slump to its lowest price since November. Spot gold rose as much as 1.7% on Friday, continuing gains from the previous session.Gold's Latest Performance and Market HeadwindsDespite the rebound on Friday, gold remains on track for a fourth consecutive weekly decline, marking the longest losing streak since August 2023. The precious metal has faced considerable headwinds stemming from both the...

Anthropic’s Mythos 5 Surges Back into Restricted Access After US Govt Clears AI Model Amid Security Feud Breakthrough in AI Regulation as Government Approves Limited Release of Mythos 5 Anthropic PBC has been granted partial restoration of access for its advanced artificial intelligence model, Mythos 5. The clearance follows intensive review by the U.S. government to resolve national security concerns regarding the technology’s potential threats. This approval allows Anthropic to begin deploying the powerful system to a selected group of trusted partners and cyber defenders.Commerce Secretary Howard Lutnick confirmed that Anthropic has made "significant progress" working with the government to mitigate risks associated with the...

Venus Pipes & Tubes receives CRISIL rating review; Long Term Rating reaffirmed at A/PositiveVenus Pipes & Tubes Ltd has received the reviewed and upgraded Credit Ratings from CRISIL Ratings Limited regarding its bank facilities. The ratings cover a total of Rs. 600 Crore in bank loan facilities, which is an enhancement from the previously rated amount of Rs. 479 Crore.The refreshed rating details for the company are as follows:Rating MetricDetailsTotal Bank Loan Facilities RatedRs. 600 Crore (Enhanced from Rs. 479 Crore)Long Term RatingCrisil A/Positive (Outlook revised from 'Stable'; Rating Reaffirmed)Short Term RatingCrisil A1 (Reaffirmed)The ratings were assigned by CRISIL Ratings, which maintains continuous...

Star Housing Finance Appoints Mr. Kalpesh Dave as Transition Advisor Star Housing Finance Ltd has approved the appointment of Mr. Kalpesh Dave as an Advisor - Transition, effective from June 27, 2026. The decision was made by the company's Board of Directors through a resolution passed on June 26, 2026.As an External Consultant, Mr. Kalpesh Dave has been engaged to provide advisory and consultancy services to Star Housing Finance Ltd.The scope of work includes offering expertise across various critical areas of the company’s operations. The advisory services relate to business strategy, finance, legal matters, technology implementation, and overall operational processes.Stock Price Movement Star Housing Finance Ltd settled at...

Glittek Granites Completes Share Transfers, Reclassifies Sellers and Acquirers in Stakeholding Pattern Glittek Granites Ltd has completed significant changes in its shareholder structure following a substantial share purchase agreement (SPA) and subsequent open offer. The company confirmed the reclassification of former promoters and shareholders to the public category as of June 26, 2026.The transactions involved the transfer of 1,63,51,010 Equity Shares from several sellers to a group of acquirers. These shares represented 62.99% of the company's equity share capital. The SPA for this transaction was executed on January 6, 2025.In addition to the private purchase, the Acquirers had also conducted an open offer to the public...

Longspur International Ventures Ltd Approves Preferential Allotment of Equity Shares Longspur International Ventures Limited has announced that its Board of Directors approved a phased preferential allotment of equity shares, significantly increasing the company’s paid-up capital. The decision was made during a Board meeting held on June 26, 2026.The company allotted a total of 76,20,000 Equity Shares, which were fully paid up at an issue price of ₹10 per Equity Share and carried a face value of ₹10/- each. This allotment was conducted as part of the authorized private placement to raise capital for the organization.Longspur has received in-principle approval from the Exchange regarding the issuance of these Equity Shares, with...