Markets

Gold Prices Face Short-Term Headwinds as Analysts Anticipate Medium-Term Rebound Potential Global gold prices are set to face continued downward pressure over the next month amid prevailing macroeconomic factors. However, a consensus among market analysts suggests that despite near-term volatility and technical concerns, the underlying fundamentals could pave the way for a significant rebound in the medium term.Near-Term Pressure Grips Precious Metal Markets The current trend remains weak for spot gold (XAU/USD), which has declined by nearly 12 per cent this month and more than 3.5 per cent this week. While there was temporary support provided by matching US inflation data, the overall market is being weighed down by global economic...

Corporate Updates and Financial Actions: Companies Announce Mergers, Special Share Windows, and Asset Recovery Proceedings Palco Entities Schedule Meetings for Scheme of Amalgamation The Ahmedabad Bench of the National Company Law Tribunal directed separate meetings for two companies concerning a proposed Scheme of Amalgamation. The relevant notices state that equity shareholders and unsecured creditors of Palco Metals Limited (the Transferee Company) are scheduled to attend a meeting on Monday, July 27, 2026, at 11:30 am at the company's venue located at 1715, Saiprasad Industrial Park-II, alongside Ramol Police Station, CTM-Ramol Road in Ahmedabad.Meeting schedules for Palco Metals Limited are as follows:Meeting ClassDate &...

Massive Credit Expansion Fuels Banking Growth as RBI Manages Liquidity Squeeze The Reserve Bank of India’s latest bulletin provides a granular look at the state of the financial system, highlighting robust growth in bank credit and deposits. While banks continue to extend substantial credit to the commercial sector, the central bank maintained careful oversight over liquidity operations across key dates in June 2026.Banking Sector Performance and Deposit Trends Scheduled Commercial Banks reported significant activity regarding their liabilities to others as of June 15, 2026. Aggregate Deposits stood at 25841605, showing a double-digit growth rate of 17.7% year-on-year. This upward trend is supported by the Time Deposits with Banks...

National Stock Exchange Grants In-Principle Approval for On Door Concepts Limited's Preferential Issue of Convertible Warrants On Door Concepts Limited has received in-principle approval from the National Stock Exchange of India Limited (NSE) regarding the planned issue and allotment of 20,00,000 convertible warrants on a preferential basis. The approval concerns the issuance to Promoter, Promoter Group, and Non-Promoter Investors.The NSE granted the approval, which is set following the company's proposal for the preferential issue approved by its shareholders. The terms under this preliminary approval specify an issue price of Rs. 156/- per warrant. This issue price includes a premium of Rs. 146/- per equity share.In addition to...

CIE Automotive India Ltd Announces Board Meeting for Q1 Results and Declares Trading Window Closure CIE Automotive India Ltd has announced a meeting of its Board of Directors, scheduled for Wednesday, July 22, 2026. The gathering is set to consider and approve the un-audited Financial Results of the company, covering both the Standalone and Consolidated results for the quarter and half year ending June 30, 2026.In addition to the corporate meeting, the company has mandated a period where the trading window will remain closed. This restriction applies to all designated persons of CIE Automotive India Ltd and their immediate relatives. The closure is set to begin on July 1, 2026, and it will continue until July 24, 2026, encompassing...

Promoters and Associated Entities Make Open Market Purchases of Lyka Labs Limited Equity Shares Several promoter entities associated with Lyka Labs Limited have acquired significant quantities of the company's equity shares through open market purchases across multiple dates in June 2026. The acquisitions were made by individuals and an investment entity affiliated with the company.The transactions detail various units bought by Kunal N. Gandhi, Mrs. Nehal N. Gandhi, Mrs. Alisha K. Gandhi, and Enai Trading and Investment Private Limited. These purchases represent the open market acquisition of equity shares by the promoter group.Details of the share acquisitions are as follows:EntityShares AcquiredAcquisition Date(s)Kunal N...

Schneider Electric Infrastructure Appoints Soumya Bagchi as Additional Non-Executive Director Schneider Electric Infrastructure Limited has appointed Mr. Soumya Bagchi as an Additional Non-Executive Director and Senior Management Personnel (SMP) of the Company. The appointment is effective from June 30, 2026, subject to shareholder approval.The Board of Directors approved the appointment based on a resolution passed by circulation. Mr. Bagchi has been appointed alongside his role as a Senior Management Personnel for the Company.Director Appointment Details Key details regarding the appointment of Mr. Soumya Bagchi are summarized below:Disclosure RequirementParticularsName of DirectorMr. Soumya Bagchi (DIN: 11789286)Reason...

Crescentis Capital Ltd Sees Inter-se Share Transfer Within Promoter Group by Way of Gift Crescentis Capital Ltd reported an inter-se transfer of equity shares within its Promoter Group through a gift transaction, executed on June 24, 2026. The transaction involved Dr. Bhaskara Rao Bollineni transferring shares to Mr. Bhavanam Ruthvik Reddy.The off-market transaction saw Dr. Bhaskara Rao Bollineni transfer 3,00,000 equity shares, representing 1.76% of the paid-up equity share capital of Crescentis Capital Ltd, to Mr. Bhavanam Ruthvik Reddy.This internal redistribution affects the individual holdings of both Promoters:PromoterHolding Before (%)Holding After (%)Change (%)Dr. Bhaskara Rao Bollineni68.80%67.04%-1.76%Mr...

NINtec Systems Re-appoints Niraj Gemawat as Managing Director, Constitutes CSR Committee NINtec Systems Ltd announced significant corporate governance updates following its Board of Directors meeting held on June 26, 2026. The board approved the re-appointment of Mr. Niraj Chhaganraj Gemawat as the company's Managing Director and established a Corporate Social Responsibility (CSR) Committee.The Board determined the re-appointment of Mr. Niraj Chhaganraj Gemawat for a term of five years, effective June 29, 2026, until June 28, 2031. The appointment was based on the recommendations of the Nomination and Remuneration Committee. This decision is subject to approval by the shareholders at the forthcoming Annual General Meeting.Mr...

Brookfield India REIT Holds Meetings to Discuss Q4 Financial and Business Updates Brookprop Management Services Private Limited, acting as the manager of Brookfield India Real Estate Trust (Brookfield India REIT), conducted investor meetings to present updates on the business and financial performance of the trust. The meetings were held on June 24, 2026, and June 25, 2026.The purpose of these sessions was to provide investors with comprehensive insights into the operations and financials of Brookfield India REIT for the quarter and fiscal year that ended March 31, 2026. The meetings facilitated communication between the management team and various institutional investors regarding the state of the trust.BIRET Stock Price Movement...

Embassy Office Parks REIT Affirms Governance Compliance for Year Ended March 31, 2026 Embassy Office Parks REIT has detailed its adherence to corporate governance standards and reporting requirements for the financial year ending March 31, 2026. The compliance report covers various aspects of board operations and stakeholder commitments relevant to the Real Estate Investment Trust (REIT).The affirmation matrix confirms that governance reports and secretarial compliance documents have been prepared, with certain elements relating to specific committee chairpersons and annual meeting attendance marked as Not Applicable (NA), pending scheduled events.A summary of the REIT's current affirmations regarding corporate governance is...

Cyber Media Merger Scheme Receives 'No Objection' from NSE and BSE Cyber Media Research & Services Limited, alongside Cyber Media (India) Limited, has received key clearances regarding its proposed merger scheme from both the National Stock Exchange of India Ltd. (NSE) and the Bombay Stock Exchange (BSE). The approvals facilitate the company’s next step in filing the draft scheme before the National Company Law Tribunal (NCLT).The regulatory assessments were completed on June 25, 2026. NSE granted 'No objection,' while BSE issued an observation letter citing ‘no adverse observations’ concerning the Scheme of Merger. This move follows the earlier approval of the merger by the company's Board of Directors.The proposed transaction...

Apollo Pipes Approves Two-Stage Amalgamation Scheme Involving KML Tradelinks Pvt Ltd Apollo Pipes Limited has approved a multi-stage Scheme of Arrangement involving Kisan Mouldings Limited (KML) and itself, aimed at integrating several businesses into a single entity. The Board of Directors approved the scheme during a meeting held on June 26, 2026, following recommendations from Independent Directors and the Audit Committee.The proposed transaction involves three companies: KML Tradelinks Private Limited (KTPL), Kisan Mouldings Limited (KML), and Apollo Pipes Limited (APL). The Scheme of Arrangement is designed to unify the entities under the provisions of the Companies Act, 2013.Scheme Structure and Timeline The two-stage...

Gujarat Fluorochemicals Incorporates Wholly Owned Subsidiary in Semiconductor Sector Gujarat Fluorochemicals Limited has successfully incorporated a new subsidiary, GFCL Semiconductor and Advanced Materials Limited, strengthening its presence in specialized chemical manufacturing and technology markets. The incorporation took place on June 26, 2026, positioning the company for expansion into the high-tech components sector.The newly established entity is focused within the specialty chemicals and semiconductor devices industry. Its comprehensive scope of work includes manufacturing, processing, synthesizing, refining, engineering, importing, exporting, buying, selling, and dealing in specialty chemicals. Furthermore, GFCL...

Tilaknagar Industries Invests Further in Bartisans as Shareholding Rises to 41.45% Tilaknagar Industries Limited has made a significant further investment into Round the Cocktails Private Limited ('Bartisans'), strengthening its strategic foothold in India's burgeoning cocktail culture. The company has committed Rs. 2 Crores through the purchase of Compulsory Convertible Preference Shares (CCPS).The Finance Committee of Tilaknagar Industries, during a meeting held on June 26, 2026, approved the investment. Through this transaction, Tilaknagar Industries acquired 1,569 CCPS at a price of Rs. 12,752 per share. This latest move completes the signing of the first supplementary agreement dated June 26, 2026, concerning the original...

Manali Petrochemicals Limited Amends Postal Ballot Notice, Approving Key Director Reappointment and Remuneration Revisions The Board of Directors of Manali Petrochemicals Limited amended its Notice of Postal Ballot by passing a resolution via circulation on June 25, 2026. The amendment includes several critical items concerning related party transactions, director appointments, and management remuneration reviews.The revised postal ballot notice addresses both an Ordinary Resolution and multiple Special Resolutions designed to seek shareholder approval for various corporate actions.Among the items requiring shareholder review is the Ordinary Resolution, which pertains to seeking approval for Material Related Party Transactions and...

Cyber Media Companies Receive Key Approvals from BSE and NSE for Merger Scheme Cyber Media Research & Services Limited (CMRSL) and Cyber Media (India) Limited (CMiL) have received crucial clearances from both the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) regarding their proposed merger scheme. These approvals allow the companies to proceed with filing the comprehensive scheme before the National Company Law Tribunal (NCLT).The Transferor Company, CMRSL, successfully obtained an Observation Letter from BSE on June 25, 2026, noting 'No adverse observations' concerning the planned corporate action. Similarly, CMiL received a formal ‘No objection’ from NSE on the same date. These clearances specifically relate...

GeeCee Ventures Ltd Disinvests Stake in GCBPL as Subsidiary transitions to Associate Company GeeCee Ventures Limited (GVL) has approved the disinvestment of a portion of its stake in its subsidiary, Geecee Business Private Limited (GCBPL). The strategic move involves selling Equity Shares to New Age Energy India Private Limited (NAEIPL) and Singularity Holdings Limited (SHL), resulting in GCBPL transitioning from a subsidiary to an associate company of GVL.The disinvestment was carried out by the Board of Directors, which determined that the transaction would be conducted on an arm's length basis and considered the associated valuation report by an independent third-party valuer. The sale includes 3,150 fully paid-up Equity Shares to...

ABB India Announces Board Meeting to Review Quarter Results and Consider Interim Dividend ABB India Ltd has scheduled a meeting of its Board of Directors for July 31, 2026. The board is set to consider several key corporate matters concerning the company’s performance and shareholder rewards.The primary agenda item for the meeting includes reviewing the Un-audited Financial Results for the quarter ending June 30, 2026.In addition to the financial review, the Board of Directors at the scheduled meeting may also consider the proposal of declaring an Interim Dividend on equity shares for the financial year 2026. The board will also address the fixation of the Record date pertaining to any such dividend declaration.ABB Stock Price...

Indo Tech Transformers Approves INR 360 Crore CAPEX for Major Capacity Expansion in Plant Operations Indo Tech Transformers Ltd has significantly augmented its growth plans, with its Board of Directors approving an additional Capital Expenditure (CAPEX) proposal worth INR 360 Crores. This decision aims at enhancing the plant's capacity up to a total of 50,000 MVA in the range of transformers operating up to 400 KV.The expansion project is scheduled for execution across the financial years 2028 and 2029. This latest investment announcement supplements previous capacity addition initiatives that are already underway.Indo Tech Transformers has maintained a current operational capacity of 14,000 MVA, which currently operates at a...