Markets

CPS Shapers Limited Approves Preferential Share Allotment and Key Management Appointments CPS Shapers Limited announced several significant corporate decisions following its Board meeting held on June 26, 2026. The Board approved the preferential allotment of equity shares along with critical appointments and promotions within the company's senior management team.The Board sanctioned the allotment of 31,275 Equity Shares to Promoter group and non-promoters under a preferential basis. These shares were issued at an issue price of Rs. 1088 per equity share, comprising a premium of Rs. 1078 per equity share. The total aggregate value of the allotment amounted to Rs. 3,40,27,200.Details pertaining to the preferential issue are provided...

Striders Impex Approves Further Investment in Wholly Owned Subsidiary Striders FZ L.L.C. The Board of Directors of Striders Impex Limited has approved a further investment in its wholly owned subsidiary, Striders FZ L.L.C., UAE (Striders FZ), through the acquisition of Equity Shares. This transaction is intended to strengthen the financial position and support the business operations and growth plans of Striders FZ.Striders FZ is engaged in the General Trading and E-Commerce industry. The purpose of the proposed fund infusion is for meeting its working capital requirements, with the investment expected to bolster the subsidiary's financial stability.The cost of acquisition for the equity shares has been set at Rs. 30,00,000/-...

Sammaan Capital Pays Interest on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited has completed the timely payment of interest amounts pertaining to its Secured Redeemable Non-Convertible Debentures (NCDs) issued through a Public Issue and listed on stock exchanges. The company ensured that the full interest amount was paid across all relevant NCD issues.The details concerning the interest payments are provided below, covering two separate debenture issues:SR NoISINIssue Size (in INR lacs)Interest Amount to be Paid (in INR lacs)FrequencyInterest Payment Record DateDue Date for Interest PaymentActual Date for Interest PaymentAmount of Interest Paid (in INR lacs)Date of Last Interest Payment...

Sammaan Capital Makes Timely Interest Payments on Secured Redeemable Non-Convertible Debentures Sammaan Capital Limited has paid the entire interest amount due in respect of its Secured Redeemable Non-Convertible Debentures (NRCDs). These debentures were issued by the company through a Public Issue and are listed on Stock Exchanges.The payment details provided concern various tranches of these NRCDs, all of which carry a monthly frequency for interest payments. The company confirmed the successful execution of these financial obligations across multiple issue sizes.Details regarding the interest payments made against the debentures issued by Sammaan Capital Limited are presented in the table below:Sr. NoISINIssue Size (in INR...

India Pesticides CEO Dheeraj Kumar Jain Conferred Lifetime Achievement Award by PMFAI Agribusiness Foundation India Pesticides Ltd announced that its Chief Executive Officer, Mr. Dheeraj Kumar Jain, has been awarded a prestigious Lifetime Achievement Award from the PMFAI Agribusiness Foundation. The recognition highlights his enduring and outstanding contributions to the agrochemical industry.The award acknowledges Mr. Jain's significant role and exemplary leadership within the sector. His visionary approach and dedication have contributed immensely to the growth and development of agrochemicals over the years, as detailed by the company.India Pesticides Ltd stated that this distinguished honor bestowed upon its Chief Executive...

Sammaan Capital Completes Interest Payments on Secured Non-Convertible Debentures Sammaan Capital Limited confirmed the timely payment of interest amounts pertaining to its Secured Redeemable Non-Convertible Debentures (NRCDs) issued through a Public Issue and listed across stock exchanges. The company has fulfilled its interest payment obligations for all relevant debenture tranches.The details regarding the interest payments are provided below, covering nine different NRCD issues. All transactions involved monthly interest payments.ISINIssue Size (in INR lacs)Interest Amount Paid (in INR lacs)Payment DateDue DateINE148I07VQ1100.0754225/06/202627/06/2026INE148I07VL24973.9050625/06/202627/06/2026...

Genesys International Corporation Board Approves Rights Issue of Equity Shares Up To Rs 13,930 Lakhs Genesys International Corporation Limited has approved the issuance of equity shares through a rights issue. The decision was taken by the company's Board of Directors during a meeting held on Friday, June 26, 2026.The Board considered and approved the matter of issuing Equity Shares of the company for up to Rs 13,930 Lakhs. The approved equity shares have a face value of Rs 5/- each.Alongside approving the rights issue, the directors also ratified the constitution of a Rights Issue Committee. This committee is responsible for the process related to the offer, allotment of Equity Shares, and any other matters associated with the...

Shareholder Requests Reclassification from Promoter Group to Public Category at Magson Retail And Distribution Limited Maheshbhai Naranbhai Patel, a shareholder in Magson Retail and Distribution Limited, has sought reclassification from the 'Promoter Group' category to the 'Public' category for his holding in the company. The request addresses several aspects of involvement in the company's operations and management.The individual, currently classified as part of the Promoter Group, holds equity shares in Magson Retail And Distribution Limited. The total shareholding details are as follows:Shareholder NameCurrent CategoryEquity Shares HeldFace Value Per ShareMaheshbhai Naranbhai PatelPromoter Group850Rs. 10/-The request for...

Global Markets Plummet Amid Tech Selloff as OIL Prices Crash, Threatening Indian Market Rally GIFT Nifty ended lower on Friday, reflecting a sustained weak risk environment in global markets. Despite paring losses during the morning trade, the indicator settled at 24,071, down 44 points or 0.18 percent from Thursday's close. The performance underscored a broader selloff that swept through Asian equity markets.Asia Experiences Steep Selloff as Technology Stocks Face Renewed Pressure Asian equities faced significant pressure after technology stocks came under intensified selling. MSCI's broadest index of Asia-Pacific shares outside Japan fell about 3 percent, marking its biggest one-day decline in months after hitting a recent record...

SpaceX Faces 'Big Test' as Russell Index Inclusion Triggers Potential $3 Billion Rush SpaceX is set to face its next major market litmus test after a volatile period following its initial public offering. Investment funds tracking key financial benchmarks are preparing to add substantial amounts of capital to Musk’s internet and rocket company, driven by the inclusion in the FTSE Russell U.S. indexes. This event marks a critical inflection point for the valuation and market perception of the hypergrowth technology firm.The Significance of Russell Index Inclusion FTSE Russell plans to add SpaceX to its comprehensive U.S. indices after Friday's trading session, which is part of their semi-annual index reconstitution process. This...

BEML Secured Additional Export Order from Middle East, Boosting International Bookings BEML Limited has reported a significant boost in its international order book after receiving an additional export contract. The new order, valued at approximately USD 5.35 million, originates from the Middle East region and pertains to the supply of heavy Earth Moving Equipment intended for infrastructure development applications.The acquisition of this additional order strengthens BEML's position in global markets. The receipt of the contract enhanced the aggregate value of orders received under that specific contract to approximately USD 41.73 million, up from a previous figure of USD 36.38 million.As of the date of the event, BEML’s total...

Anti-Dumping Probe on Critical Steel Triggers Fears Over Transformer Costs and India's Grid Expansion Targets A potential move to impose anti-dumping duties on Cold-Rolled Grain-Oriented Electrical Steel (CRGO) has raised significant alarms over the cost of transformer manufacturing and the pace of India's vital power grid expansion, cautioned the Global Trade Research Initiative (GTRI). Since CRGO constitutes nearly 90 per cent of the domestic supply required for transformers, market watchers fear that such a duty could compromise ambitious infrastructure projects.Directorate General of Trade Remedies Initiates Probe Against Imports The Directorate General of Trade Remedies (DGTR), an arm of the commerce ministry, has initiated an...

NTPC Incorporates Wholly Owned Subsidiary in Mauritius for Power Sector DevelopmentNTPC Limited has incorporated a wholly owned subsidiary, NTPC (Mauritius) Energy Limited, in Mauritius. The incorporation was completed on June 26, 2026.The establishment of this new entity marks a strategic move by the company into the international power sector. NTPC (Mauritius) Energy Limited is focused on undertaking the development of a proposed Floating Solar Photovoltaic (FSPV) Project with Battery Energy Storage System (BESS). The subsidiary will also pursue various Power Projects and other businesses related to the power sector in Mauritius.The details regarding the newly incorporated entity are as follows:ParticularsDetails...

Kospi Plummets Over 16% Amid Tech Slowdown, Triggering Trading Halts and Investor Caution South Korea's benchmark Kospi index experienced a sharp downturn this week, extending steep losses that culminated in a trading halt on Friday. The market turmoil was driven by heavy selling pressure within the technology sector amid rapidly weakening sentiment surrounding artificial intelligence (AI) stocks. The Korea Exchange intervened with a 20-minute trading halt after the index fell sharply.Market Turmoil and Index Performance The Kospi later saw significant corrections, dropping as much as 9 percent before moderating its losses. The index was last recorded trading approximately 5.8 percent lower after dipping to an intraday low of...

NSE Chief Urges Startups to Treat Public Listing as Strategic Tool for Unlocking Business Scale National Stock Exchange (NSE) Managing Director and CEO Ashish Chauhan issued a strong advisory to founders of startups and micro, small and medium enterprises (MSMEs). He urged these companies to view public listing not merely as a capital event but as a critical strategic tool for scaling operations, enhancing governance, and securing growth capital.Speaking at the JITO Incubation and Innovation Foundation’s Foundation Day event, Chauhan emphasized that company operations and profitability must remain the primary focus. He stated, "Your business is in your operations, not in the share price." The stock market, he clarified, is simply a...

Sudeep Pharma Limited Appoints Milin Mehta as Additional Non-Executive Director Sudeep Pharma Limited has appointed Mr. Milin Mehta as an Additional Director in the category of Non-Executive Non-Independent Director, effective from June 26, 2026. The appointment was finalized during a Board meeting held on Friday, June 26, 2026.Mr. Mehta, who is liable to retire by rotation, assumes the role subject to the approval of the company's shareholders.Director Profile and Background The appointment brings Mr. Milin Mehta, a Chartered Accountant and Law Graduate, into Sudeep Pharma Limited’s board. He currently serves as the Managing Partner at K C Mehta&Co LLP, where he has been a pivotal figure in the firm's growth over more than three...

Kothari Sugars and Chemicals Limited Gains Renewal Recognition for In-House R&D Unit from DSIRKothari Sugars And Chemicals Limited has secured the renewal of recognition for its In-House Research and Development (R&D) unit. The renewal was granted by the Department of Scientific and Industrial Research (DSIR), which falls under the Ministry of Science & Technology, Government of India. The company's R&D unit is located at Plot No. 291/1, Ulundai Road, Ulundai Village, Sengadu, Tamil Nadu.The renewal extends the recognition until March 31, 2029. This status is critical as the In-House R&D Unit holds registration with DSIR specifically for the purpose of availing customs duty exemption under various Government Notifications.Kothari...

RBI Proposes Fraud Compensation Limit: Up To ₹25,000 Relief for Online Banking Victims If victims of digital fraud suffer financial losses through online banking transactions, they may soon be eligible for partial compensation from their bank. The Reserve Bank of India (RBI) has unveiled draft rules under the 'Review of Framework of Limiting Customer Liability in Digital Transactions.' These proposals aim to introduce a clear compensation mechanism for genuine individuals who lose money due to fraudulent electronic banking activities.The framework is intended to provide immediate financial relief while simultaneously incentivizing swift reporting by customers. The new regulations are set to apply to all electronic banking transactions...

Archies Limited and Fino Payments Bank Issue Notices Regarding Director Appointment Resolutions Companies spanning various sectors are addressing key shareholder matters through postal ballots, with both Archies Limited and Fino Payments Bank issuing detailed notices regarding executive and director reappointments. These notices outline the resolutions proposed for approval by their members via remote electronic voting methods.Archies Limited: Special Resolution for Director Re-appointment Archies Limited has announced a proposal requiring shareholder assent for a special resolution concerning the re-appointment of Mr. Varun Moolchandani as an Executive Director. The appointment is set for a period of five years, effective from June...

Bengaluru Commuters Face Nightmare as Karnataka Delays Approval for 4,500 PM e-Drive Buses The much-anticipated induction of 4,500 electric buses under the central government's Pradhan Mantri e-Drive (PM e-Drive) scheme is facing a severe hold-up in Bengaluru. Despite the completion of the tender process and sanction by the Centre, these critical public transport vehicles have remained stalled for six months, awaiting Cabinet approval from the Karnataka state government.This bureaucratic delay has been fiercely criticized by political leaders, who warn that it is dramatically exacerbating hardship among lakhs of daily commuters across the city.MPs Slam State Government Over Bureaucratic Delay Bengaluru South MP Tejasvi Surya sharply...