Markets

Nikita Goenka Acquires Shares in Gamco Ltd, Boosting Promoter Holding to 1.58% Nikita Goenka, belonging to the promoter group of Gamco Ltd, has increased her shareholding in the company through an open market transaction. The acquisition of equity shares has brought Mrs. Goenka's holding stake to 1.58% of the issued and paid-up equity share capital of Gamco Ltd.The transaction took place between June 24, 2026, and June 25, 2026. Through this open market purchase, Mrs. Goenka acquired 30,000 Equity Shares of Gamco Ltd, each having a face value of Rs. 2/-.Prior to the acquisition, the total shares carrying voting rights held by Mrs. Nikita Goenka stood at 823,321, representing a 1.52% stake in Gamco Ltd. Following the purchase of...

CARE Ratings Updates Great Eastern Shipping Company Ltd's Debt Instruments Great Eastern Shipping Company Ltd has received updated credit ratings from CARE Ratings Limited concerning its Non-Convertible Debentures (NCDs) and bank facilities. The ratings reflect changes across various debt instruments held by the company.According to the ratings update, several key financial instruments have seen adjustments in their rating status.The relationship between the instruments, amounts, previous status, and current rating is detailed below:InstrumentPrevious Amount (Rs. Crore)Present Amount (Rs. Crore)Previous RatingCurrent RatingNon-Convertible Debentures450.00-CARE AAA; StableWithdrawal on full redemptionDebentures...

Sammaan Capital Pays Interest on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited has made timely interest payments concerning its Secured Redeemable Non-Convertible Debentures (NRCDs) issued through a public issue and listed on the Stock Exchanges. The company provided details regarding the interest payment status for two specific NRCD issues.The debentures are noted to have a monthly interest payment frequency and there were no changes in the payment frequency reported for either issue.Financial details of the interest payments made by Sammaan Capital Limited are as follows:SR NoISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)Date of Last Interest Payment1.INE148I07NN570.0531528/05/2026...

Procter & Gamble Health Ltd Board Meeting Scheduled to Consider Q1 Unaudited Financials Procter & Gamble Health Limited has scheduled a meeting of its Board of Directors for Thursday, August 6, 2026. The primary agenda item for the meeting is the consideration and approval of the unaudited Financial Results for the quarter ending June 30, 2026.PGHL Stock Price Movement Shares of Procter & Gamble Health Limited slipped by 0.13% on Thursday, settling at ₹6232.5 after a short session. The stock recorded a total traded volume of 7,899 shares during the day.

Avenue Supermarts Opens New Store in Rohini, Delhi; Updates Total Store Count Avenue Supermarts Limited has expanded its retail footprint with the opening of a new store located in Rohini, Delhi. This recent addition underscores the company's continued growth trajectory across key markets.As of June 26, 2026, the company's total network of stores stands at 502 following the launch of the facility in Rohini.DMART Stock Price Movement Shares of Avenue Supermarts Limited slipped on Thursday, concluding the trading session at ₹4294.6 after shedding 0.85% from its previous close. The stock finished the day with a volume of 372,532 shares recorded in trade information.

Power Grid Corp Approves Hike in Borrowing Limits and ₹772 Crore Upgradation Investment Power Grid Corporation of India Limited has approved several significant strategic decisions following a Board meeting held on June 26, 2026. The approvals include increasing borrowing capacity and authorizing a major investment project for infrastructure enhancement.The Board considered and sanctioned the proposal to enhance the company's overall borrowing limit from ₹1,80,000 Crore to ₹2,20,000 Crore. This increase in financial headroom is subject to ratification by shareholders at the upcoming Annual General Meeting (AGM).In parallel with this capacity expansion, Power Grid authorized raising foreign currency funds through External Commercial...

VA Tech Wabag Appoints Samaresh Parida as Non-Executive Independent Director VA Tech Wabag Ltd has appointed Mr. Samaresh Parida as an Additional Director in the capacity of a Non-Executive Independent Director. The appointment, which was approved by the Board of Directors on June 26, 2026, is effective immediately and is set for a tenure of three years.Mr. Parida's appointment is subject to approval by the Members of the Company at the ensuing 31st Annual General Meeting (AGM), which is scheduled to be held on August 12, 2026.The company's Board meeting, which took place on Friday, June 26, 2026, considered and approved the nomination based on the recommendation of its Nomination and Remuneration Committee.Experienced Leader...

Krebs Biochemicals Amalgamates with Ipca Laboratories in Major Strategic Merger The Scheme of Amalgamation has been approved involving Krebs Biochemicals & Industries Limited, which will merge into Ipca Laboratories Limited. The merger involves the Transferor Company being absorbed by the Transferee Company. The appointed date for this Scheme is set as April 1, 2026, with operational effectiveness pending receipt of all necessary consents and approvals.Both companies operate within the manufacturing and marketing segment of pharmaceuticals. Ipca Laboratories Limited reported an audited total income of Rs. 7431 Crores for the financial year ending March 31, 2026. In contrast, Krebs Biochemicals & Industries Limited recorded an audited...

ONMobile Global Launches ONMO+ Smart Console on Flipkart, Targeting Premium Gaming Market in India OnMobile Global Limited announced the launch of the ONMO+ Smart Console on Flipkart, marking its entry into the Indian console gaming market. The product, which debuted on June 26, 2026, aims to deliver a high-performance, premium gaming experience directly to consumers, eliminating the need for traditional gaming PCs or consoles.The ONMO+ Smart Console is designed to be an omnipresent gaming solution, providing access to premium entertainment on various existing devices including TVs, laptops, tablets, and smartphones. By leveraging Flipkart’s reach, OnMobile aims to make high-performance console gaming accessible nationwide...

Parth H Palera Resigns from Deccan Health Care as Chief Financial Officer Deccan Health Care Ltd has announced the resignation of its Key Managerial Personnel and Chief Financial Officer, Mr. Parth H Palera. The company confirmed that he will cease to hold his key management responsibilities effective from the close of business hours on June 25, 2026.Mr. Palera resigned from his dual roles as Administrative Executive cum Accountant and Chief Financial Officer (CFO) at Deccan Health Care Limited. His resignation was tendered after his last working day, which was reported as June 24, 2026.The reason cited for Mr. Palera's departure is to pursue a better professional opportunity. The company has processed the change in key managerial...

Capco Recognized by OpenAI for AI Governance and Innovation; Wins Codex Hackathon Global technology and management consultancy Capco, a Wipro company, has been recognized by OpenAI for its expertise in both artificial intelligence (AI) innovation and responsible AI leadership. The recognition highlights Capco's capacity to deliver enterprise-grade AI outcomes within highly regulated environments.Capco received the prestigious AI Governance & Risk Excellence Award at the OpenAI Partner Summit 2026 held in San Francisco. This award specifically recognizes Capco’s advantage in helping financial services and energy organizations scale AI confidently, balancing advanced innovation with robust governance to enhance compliance, strengthen...

Power Grid Corporation Approves General Information Document for Debt Securities Issuance Power Grid Corporation of India Limited has approved the General Information Document (GID) concerning the issuance of POWERGRID Debentures, or 'Debt Securities,' on a private placement basis.The approval was granted by the Committee of Directors for Bonds during its meeting held on Friday, June 26, 2026.The GID relates to the planned debt issuance for the fiscal year 2026-27. The debentures may be issued in one or more tranches through multiple issuances, utilizing a private placement method.POWERGRID Stock Price Movement On Thursday, shares of Power Grid Corporation of India Limited slipped by 2.20%, settling at ₹283.9 in market trading...

Jattashankar Industries Allots 16 Lakh Convertible Warrants to Promoter and Non-Promoter Categories Jattashankar Industries Ltd announced the successful allotment of 1,600,000 Convertible Warrants following its Board meeting held on June 26, 2026. The warrants were issued to investors belonging to both the Promoter Group and the Non-Promoter category on a preferential basis.The warrants entitle their holders to convert each warrant into one fully paid-up Equity Share of the company, which has a face value of Rs. 10/- (Rupees Ten Only). The Warrants were allotted at an issue price of Rs. 92/- per Warrant, reflecting a premium of Rs. 82/-, for cash consideration.The allotment included both Non-Promoter and Promoter Group entities...

L&T Technology Services Announces Q1 FY27 Results and Schedules Earnings Conference Call L&T Technology Services Ltd has announced that it will disclose its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The results, along with Limited Review Reports, are slated to be released on Tuesday, July 14, 2026.The company will also hold an Earnings Conference Call for investors and analysts following the results announcement.Key details regarding the upcoming corporate events are as follows:Financial Results and Board Meeting A meeting of the Company's Board of Directors is scheduled for Tuesday, July 14, 2026. The purpose of this meeting includes considering and approving the Unaudited...

India's Forex Reserves Surge by $963 Million, Boosting Resilience Amid Component Variances The Reserve Bank of India (RBI) reported a positive movement in the country’s foreign exchange reserves for the week ending June 19. Overall forex reserves rose by USD 963 million, reaching USD 672.587 billion. This increase provides some stabilization following a decline observed in the preceding reporting period.Trends in India's Forex Reserves The apex bank data showed mixed movements across various components of the reserve portfolio during this week. While overall reserves saw an uptick, Foreign Currency Assets registered a reduction amounting to USD 3.072 billion. This means the value of these assets stood at USD 541.217 billion.Gold and...

Ashoka Buildcon Secures Major Contract for Highway Construction from Guyanese Authority Ashoka Buildcon Limited has received a Letter of Acceptance (LOA) for a significant project awarded by the Central Housing and Planning Authority in Guyana. The contract involves the construction of a four-lane highway, with the accepted value standing at GYD$ 7,455,455,867, which equates to 35.42 Million USD.The project entails the construction of a Four Lane Highway running from Versailles in West Bank Demerara to Parika in East Banbk Essequibo, Region No. 3. The contract was awarded by an overseas entity and is structured as an Item Rate contract.Ashoka Buildcon Limited's successful bid secured the rights for this infrastructure project, which...

Puravankara Limited Approves Sale of 100% Stake in Subsidiary for ₹145 Crores Puravankara Limited has approved the sale and transfer of its entire 100% paid-up equity shareholding in Purva Ruby Properties Private Limited. The transaction involves selling the subsidiary to Prishal Office Parks III Private Limited at a valuation of ₹145,00,00,000/- (Rupees One Hundred and Forty Five Crores only).Following the successful completion of the sale, Purva Ruby Properties Private Limited will cease to be the Wholly Owned Subsidiary (WOS) of Puravankara. The Company is currently in the process of finalizing and executing the Share Purchase Agreement (SPA), which is anticipated within 45 days from the date of board approval.Prishal Office...

Ipca Laboratories Amalgamates Krebs Biochemicals and Industries in Strategic Merger Ipca Laboratories Limited has approved a Scheme of Amalgamation involving Krebs Biochemicals & Industries Ltd., aiming to create operational synergies and enhance its pharmaceutical capabilities. The amalgamation, which involves the merger of the Transferor Company (Krebs) into the Transferee Company (Ipca), is set to be effective upon receipt of all necessary consents and approvals.The appointed date for this strategic merger is April 1, 2026.Strategic Rationale and Business Scope Both Ipca Laboratories Limited and Krebs Biochemicals & Industries Ltd. are engaged in the manufacturing and marketing of pharmaceuticals. The move is driven by several...

STEAG Subsidiary Secures 5-Year Extension Contract for Vedanta Aluminium Metal Power Plant Operations STEAG Energy Services (India) Private Limited, a subsidiary of Bluspring Enterprises Limited, has successfully secured an extension contract related to the operations and maintenance of a major thermal power plant unit at Vedanta Aluminium Metal Limited (VAML). The contract renewal involves a comprehensive agreement spanning five years.The extension pertains to the Operations and Maintenance (O&M) of Thermal Power Plant Unit 1, 3, and 4 at VAML. This assignment originates from Vedanta Aluminium Metal Limited.The significant financial parameters of the contracted work have been confirmed. The estimated aggregate contract value, which...

Bajaj Auto Reports Normal Operations Following Ransomware AttackPune: Bajaj Auto Limited has provided an update regarding a cyber security incident that occurred on June 23, 2026, involving a ransomware attack impacting the systems of the company and its wholly owned subsidiary, Bajaj Auto Technology Limited (BATL).The Company confirmed that despite the reported attack, all key business functions are operating normally. This includes manufacturing operations, sales activities, service support functions, dealer support, customer services, and other essential business processes.Bajaj Auto Limited stated that while an investigation into the incident remains ongoing, the company remains focused on ensuring business continuity and...