Markets

Apple Supplier Tata Electronics Tightens Security as Massive Data Breach Targets Global Tech Giants Tata Electronics, a critical component supplier to Apple, has dramatically tightened internal security protocols following the discovery of a major data leak. The incident involved thousands of sensitive client files being posted on the dark web by a ransomware group. This breach immediately throws scrutiny onto the supply chain dynamics between India and global tech behemoths like Apple, TSMC, and Qualcomm.The company has taken swift action after identifying a "cybersecurity incident." A Tata source confirmed that the firm hired a global consultant to conduct a comprehensive forensic audit of the systems compromised. Furthermore, Tata...

Mahamaya Steel Industries Recommends Re-appointment of Mrs. Vanitha Rangaiah as Non-Executive Independent Director Mahamaya Steel Industries Limited announced that its Board of Directors recommended the re-appointment of Mrs. Vanitha Rangaiah, a Non-Executive Independent Director, for a second term. The recommendation followed the meeting held on June 26, 2026.The decision was made based on the advice of the Nomination and Remuneration Committee. Members of the company are required to approve this re-appointment through a Special Resolution at the ensuing Annual General Meeting (AGM).Mrs. Vanitha Rangaiah has been recommended for a second term spanning five consecutive years, commencing from June 28, 2026, and concluding on June 27...

Regulatory Reckoning: $340Bn Crypto Activity Signals Massive Need for Formal Framework in India A recent OECD report has highlighted the sheer scale of crypto engagement within India, noting that the nation received approximately $340 billion in cryptocurrency inflows between June 2024 and June 2025. This massive volume, equivalent to nearly 9 percent of India’s GDP during the period, marks the highest absolute flow among key Asian economies.The data, derived from Chainalysis, indicates a significant level of activity in an industry that currently operates within a regulatory grey zone for investors and participants alike. South Korea was noted as the only other country following India in terms of absolute crypto inflows according to...

Sunrest Lifescience Approves Rights Issue to Raise Up To Rs. 15.10 Crores from Shareholders Sunrest Lifescience Limited has approved a rights issue for its existing shareholders as part of a strategic move to raise funds. The decision was taken by the Board of Directors during a meeting held on June 26, 2026.The company’s board transacted and approved the raising of funds through the issuance of fully paid-up equity shares on a rights basis. This initiative is designed to pool capital, with the target amount aggregating up to Rs.15.10 crores (Rupees Fifteen Crore Ten Lakh Only).In line with the approval, details regarding the securities being issued have been finalized. The issuance involves Fully Paid up Equity Shares, each having...

Refex Industries Lands Order for Ash Transportation for National Road Projects Refex Industries Limited has secured a significant order from a Maharatna Company for the transportation of ash to various road construction sites under central and state government projects.The company has been awarded this contract, which involves providing specialized ash transportation services for infrastructure development initiatives. These projects include those managed by NHAI (National Highways Authority of India) as well as other Central or State Government Road Construction Departments and PMGSY Road Projects.Refex Industries Limited will execute the contracted work within a time period of 12 months, with the total consideration for the order...

TVS Motor Company Rolls Out Fresh NTORQ Lineup with New Colours and Style Enhancements Bengaluru, June 26, 2026: TVS Motor Company, a globally reputed manufacturer of two and three-wheelers, announced the introduction of exciting new colours and graphics for its TVS NTORQ 125 Disc and Race Edition variants. This latest update revitalizes the popular TVS NTORQ portfolio ahead of the festive season, building upon the successful launch of the TVS NTORQ 150 and previous feature upgrades. The company emphasized that these striking style enhancements further elevate the sporty appeal of the NTORQ range.The TVS NTORQ 125 Race Edition now features three bold new colour combinations: Drift Blue, Inferno Red, and Rush Green. These variants are...

Kalyani Steels' Independent Director Completes Second Term of Tenure Kalyani Steels Limited has confirmed the completion of the second term of office for Amb. Ahmad Javed as an Independent Director of the company. His tenure concluded on June 25, 2026, and he formally ceased to be a director effective from June 26, 2026.The change reflects the conclusion of his specified term following a re-appointment sanctioned by the company's members. Amb. Ahmad Javed's second term was approved at the Forty-Ninth Annual General Meeting held on August 1, 2022. This tenure represented three consecutive years.The details regarding this transition are summarized below:ParticularsDetailsDirectorAmb. Ahmad Javed (DIN 08668304)RoleIndependent...

3M India Limited Sells Land and Building Parcel in Pune for INR 82 Crore 3M India Limited has approved the sale of a land parcel, along with the existing building situated thereon, located in Pune, Maharashtra. The transaction was finalized by the company’s Board of Directors on June 26, 2026, to M/s. Ranjangaon Bio Projects & Infra LLP.The asset being sold is situated at Pimpri, Taluka Haveli, District Pune, Maharashtra, and comprises approximately 4.13 acres of land with a building covering a built-up area of roughly 8,001 sq meters. The sale has been agreed upon for an aggregate consideration of INR 82,00,00,000/- (Indian Rupees Eighty-Two Crore Only).The purchaser, Ranjangaon Bio Projects & Infra LLP, is not affiliated with the...

Alembic Pharmaceuticals Receives USFDA Final Approval for Oseltamivir Phosphate Oral Suspension Alembic Pharmaceuticals Limited announced that it has received final approval from the US Food & Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) covering Oseltamivir Phosphate for Oral Suspension, 6 mg/mL. This regulatory milestone positions Alembic in the competitive generic drug market following the approval of the ANDA.The approved product is therapeutically equivalent to the reference listed drug product (RLD), Tamiflu Oral Suspension, 6 mg/mL, manufactured by Hoffmann-La Roche, Inc. Oseltamivir Phosphate is utilized as an influenza neuraminidase inhibitor (NAI). The indications for this medication include...

Swelect Subsidiary Acquires 49% Stake in Gridnex Solar Power for Strategic Expansion Swelect Energy Systems Limited, through its wholly owned subsidiary SWELECT SolarKraft Private Limited, has undertaken an acquisition of 49 percent equity shares in GRIDNEX SOLAR POWER PRIVATE LIMITED. This move is intended to expand the company's business footprint and augment its consolidated turnover on a long-term basis.The acquisition involves cash consideration for the stake. The cost of acquisition was recorded at INR 4,31,20,000/- (Indian Rupees Four Crores Thirty-One Lakhs Twenty Thousand only). SWELECT SolarKraft Private Limited proposes to acquire 4,900 equity shares, representing 49 percent of the total paid up equity shares of GRIDNEX...

Mindteck Sets Board Meeting for August 12, Announces Trading Window Closure Period Mindteck (India) Ltd has scheduled its next Board meeting and specified the period during which the company's trading window will be closed. The Board meeting is set to take place on Wednesday, August 12, 2026.The primary agenda item for the gathering is to consider, approve, and formally record the Unaudited Financial Results of the company for the Quarter ending June 30, 2026.In addition to the board meeting announcement, the company has specified the duration of its trading window closure. The period designated for restricted trading runs from July 01, 2026, until August 16, 2026, inclusive.MINDTECK Stock Price Movement On Thursday, Mindteck...

Generic Engineering Construction and Projects Ltd Announces Audited Results for FY 2026 Generic Engineering Construction and Projects Limited released its audited consolidated and standalone financial results for the year ended March 31, 2026. The results cover both income statement and balance sheet details across various periods.The company's financial statements reflect operations spanning multiple reporting periods: the quarter ended March 31, 2026 (audited), the quarter ended December 31, 2025 (unaudited), the quarter ended March 31, 2025 (audited), and the full fiscal years ending March 31, 2026 and March 31, 2025.Consolidated Financial Highlights For the year ended March 31, 2026, the company reported a Total Income of...

Craftroot Retail Completes Open Offer, Acquiring Over 10 Lakh Shares of Former Nirbhay Colours India Ltd Craftroot Retail Limited, formerly known as Nirbhay Colours India Limited, has completed the open offer aimed at acquiring a substantial stake in its former entity, providing clarity on the transaction's execution and market reception.The open offer sought to acquire 14,19,700 fully paid-up equity shares of Nirbhay Colours India Limited (the 'Target Company') from public shareholders. The offer was made by a consortium including Mr. Dakshesh Rameshchandra Shah, Mr. Dhruvin Shah, Mrs. Sheetal Shah, Mrs. Anar Jayeshbhai Patel, Ms. Sanskruti Jayeshbhai Patel, Mr. Jayesh Patel, and M/s. Seher Retail Private Limited (collectively the...

Key Pharmaceutical Shift: India Ministry Proposes Rationalizing Drug Shelf-Life Rules to Boost Global Trade and Supply Chain Efficiency Draft Amendment Aims to Ease Business in Pharma Sector The Union Ministry of Health and Family Welfare has initiated a major regulatory review concerning the residual shelf-life requirements for imported drugs. The ministry published a draft notification proposing amendments to Rule 31 of the Drugs Rules, 1945. This move is explicitly aimed at rationalizing these requirements and promoting greater Ease of Doing Business within India's pharmaceutical sector.The proposed changes seek to streamline the importation process without compromising the quality or availability of essential medicines for...

Super Bakers India Ltd Clarifies Share Price Movements, Reaffirms Timely Disclosures Super Bakers India Ltd has issued a statement regarding the movements in its share price following inquiries concerning market volatility. The company clarified that all material information pertaining to its operations and performance has consistently been disclosed within the stipulated timeframe.The company stated there is no pending information or announcement from Super Bakers India Ltd that could influence the current price behavior of its stock.Super Bakers India Ltd affirmed that it will continue to make necessary disclosures in a timely manner. The management clarified that any movement observed in the company's share price is purely driven...

ICICI Prudential Asset Management Company Schedules Board Meeting and Enforces Insider Trading Blackout ICICI Prudential Asset Management Company Ltd has scheduled a meeting of its Board of Directors to review the unaudited financial results for the quarter ending June 30, 2026. The board meeting is set to take place on Monday, July 13, 2026.The meeting agenda includes considering and approving the company’s performance during the quarter ending June 30, 2026.In line with regulations governing insider trading, the company has implemented a trading window restriction for Designated Persons and their immediate relatives. This blackout period is designed to regulate and monitor trades in securities of the Company.The details of the...

USFDA Completes Inspection of Dr. Reddy's Biologics Facility, Issues Form 483 Dr. Reddy's Laboratories Limited has reported that the United States Food & Drug Administration (USFDA) completed a Pre-License Inspection (PLI) at its biologics manufacturing facility located in Bachupally, Hyderabad. The inspection was conducted over two weeks, running from June 16 to June 25, 2026.Following the completion of the PLI, the company has received Form 483, which contains seven observations regarding the facility processes. Dr. Reddy's Laboratories stated that it will address all observations within the stipulated timeframe.This inspection marks a continuation of previous reviews conducted by USFDA, including inspections that took place on...

Stratmont Industries Announces Resignation of Chief Financial Officer, Ganesh Yadav Stratmont Industries Ltd has announced that Mr. Ganesh Yadav, the Chief Financial Officer, has tendered his resignation from the post due to personal reasons. The change in Key Managerial Personnel will be effective from the closing of business hours on June 25, 2026.The company confirmed that Mr. Yadav resigned via a formal letter dated June 25, 2026. During his tenure with Stratmont Industries Ltd, he served as the Chief Financial Officer.Key details regarding the cessation of service are as follows:ParticularsDetailsReason for ChangeMr. Ganesh Yadav resigned due to personal reasons.Cessation DateJune 25, 2026 (effective from closing of...

Director Resigns from Delta Industrial Resources Limited Mr. Aman Kumar Ray has resigned from his directorship at Delta Industrial Resources Limited. The resignation is effective from the close of business hours on June 25, 2026.The company confirmed that Mr. Aman Kumar Ray submitted his resignation due to personal reasons.The key details regarding the departure are as follows:DetailInformationDirector NameMr. Aman Kumar Ray (DIN: 11087722)CompanyDelta Industrial Resources LimitedDate of CessationClose of business hours on June 25, 2026Reason for ResignationPersonal reasonsThe resignation was submitted by Mr. Ray, confirming that there are no other material reasons for his departure beyond the stated personal...

Rallis India Limited Announces Changes in Senior Management Personnel Rallis India Limited has announced several changes within its senior management team, including a key appointment for the Seeds Division and cessations due to internal reorganization and superannuation.The company confirmed these transitions concerning various roles and personnel effective from June 29, 2026, and July 1, 2026.New Appointment in Seeds DivisionMr. Velmurugan Ramadass has been appointed as the Business Head - Seeds Division. Mr. Ramadass is described as a Senior Seeds leader with over 30 years of experience across the Indian seeds industry. His expertise includes integrated leadership of Seeds R&D, Product Development, Seed Production, Quality...