Markets

NLC India Limited Issues Commercial Paper Aggregating to ₹500 CroreNLC India Limited, a Navratna enterprise of the Government of India, has announced the issuance and allotment of Commercial Paper (CP). The financial instrument was completed on June 24, 2026.The company issued a total of 10,000 pieces of Commercial Paper. Each paper carries a face value of ₹5,00,000/-, bringing the aggregated amount of the issuance to ₹500 Crore.NLCINDIA Stock Price Movement On Thursday, shares of NLC India Limited shed ₹5.70, settling at ₹320.10 after closing 1.75% down from previous levels. The stock saw a traded volume of 2.45 million shares during the session.

State Bank of India Completes Tenure of Directors State Bank of India announced that the terms of four directors elected under Section 19(c) of the State Bank of India Act, 1955, will conclude.The tenures of these directors are set to end on June 25, 2026, following the completion of their term with the Central Board of the bank.The directors whose tenure is concluding include:Shri Ketan S. Vikamsey Shri Mrugank M. Paranjape Shri Rajesh Kumar Dubey Shri Dharmendra Singh ShekhawatSBIN Stock Price Movement State Bank of India saw its equity climb on Thursday, settling at ₹1045.4 after edging up 1.02% against its previous close. Trading activity remained robust throughout the day, with SBI seeing approximately 16 million shares...

Transport Corporation of India Announces AGM and Final Dividend Details for Financial Year 2026 Transport Corporation of India Limited has announced the details pertaining to its 31st Annual General Meeting (AGM) and set key dates related to the declaration of a final dividend for the financial year ended March 31, 2026.The Company's Board of Directors recommended a final dividend of Re. 1/- per Equity Share. This recommendation was made by the Board at its meeting held on May 26, 2026.The AGM is scheduled to be held on Thursday, July 30, 2026, at 10:15 AM (IST). The meeting will be conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM).A final dividend for FY2025-26 will be paid within 30 days following the...

Om Power Transmission Limited Secures Letter of Award for 220kV Transmission Line Project Om Power Transmission Limited has secured a Letter of Award (LOA) from SAEL Industries Limited. The contract involves the supply, erection, stringing, testing, and commissioning of a Single Circuit 220kV Transmission Line.The project is located at the proposed SAEL 240 MW Solar Power Plant at Sipur, spanning to the Dhama Substation. The award has been granted by a domestic entity, and the total contract consideration is Rs. 18,50,34,500/- (Rupees Eighteen Crore Fifty Lakh Thirty-Four Thousand Five Hundred Only), excluding GST.The terms and conditions for this project are detailed below:ParticularDetailsAwarding Entity NameSAEL Industries...

Adani Power Limited's Wholly Owned Subsidiary Incorporates Progressive-UP Atomic Energy Limited for Nuclear Sector Adani Power Limited has announced the incorporation of a new wholly owned subsidiary, Progressive-UP Atomic Energy Limited (PUAEL). This step deepens the company's commitment to the nuclear energy sector through its subsidiaries.PUAEL was incorporated on June 25, 2026, and is positioned as a specialist entity within the Nuclear Energy industry. The purpose of the newly formed company is to generate, transmit, and distribute power derived from nuclear and/or atomic energy.The incorporation structure involves Adani Atomic Energy Limited (AAEL), which is itself a wholly owned subsidiary of Adani Power Limited. PUAEL...

Big Tech Concerns Pull Down Nasdaq As Memory Chipmakers Surge Amid Inflation Jitters Wall Street experienced a mixed trading session, with major indices showing varied movements as investors digested fresh economic data and grappled with technological spending fears. The Nasdaq Composite fell by 0.46%, closing at 25,358.60, while the Dow Jones Industrial Average managed a slight gain of 0.14% to 51,920.62. The S&P 500 was largely flat, moving up only 0.01% to 7,357.49.Technology Stocks Face Headwinds Amid Hyper-scaler Spending Fears The technology sector faced particular headwinds, with the Nasdaq being on track for its biggest monthly decline since March 2025. Apple shares dropped 6.1% after it hiked prices for iPads and MacBooks to...

RBI Governor Meets Export Leaders: Policy Focus Set to Bolster Resilience Amid Global Trade Uncertainty RBI Signals Commitment to Support India's Export Ecosystem The Reserve Bank of India (RBI) held a high-level meeting in Mumbai on June 25, 2026, convening representatives from key industry bodies focused on export promotion. The event brought together members of various Export Federations, Export Promotion Councils, the Export Committee of the Confederation of Indian Industry (CII), and the Foreign Exchange Dealers' Association of India (FEDA).The meeting underscored the Reserve Bank’s direct engagement with stakeholders vital to national economic stability. Present at the crucial gathering were RBI Governor Shri Sanjay Malhotra...

SoftBank Shares Plunge Amid OpenAI IPO Delay Fears: Big Tech Valuation in Question SoftBank Stock Suffers Sharp Decline on OpenAI Listing Concerns SoftBank Group Corp.'s shares experienced a significant downturn, dropping as much as 13% after reports suggested that OpenAI might postpone its initial public offering (IPO) until next year. The concerns surrounding the potential delay sent shares into their largest intraday decline in over three months during Friday morning trading in Tokyo.The market had previously reacted very positively to expectations of a major financial windfall from OpenAI's anticipated debut. These positive views on the partnership helped SoftBank's stock soar to record highs, with its market capitalization...

Medplus Subsidiary Faces One Day Suspension of Drug License in Karnataka Optival Health Solutions Private Limited, a subsidiary of Medplus Health Services Limited, has received an order suspending its Drug License for one day for a store located in Karnataka. The suspension was issued by the Assistant Director of the Drugs Control Administration, Chikkamagalore Circle.The action pertains to a store situated at Mallandur Road in Chikkamagaluru, Karnataka. The directive regarding the license suspension was received on June 24, 2026.The regulatory action was initiated under Rule 65 of the Drugs and Cosmetics Act, 1940 and related Rules, 1945. The details surrounding the suspension order have been summarized as follows...

PDS Limited Receives Regulatory Approval for Registered Office Shift from Maharashtra to Haryana PDS Limited has received official approval for shifting its registered office from the State of Maharashtra to the State of Haryana, a move formalized after prior internal board and shareholder approvals. The company confirmed that it has secured the necessary regulatory clearance for this organizational transition.The approval was granted via an order dated June 23, 2026, issued by the Regional Director, Western Region -I. This approval follows previous notifications regarding the planned relocation of the registered office.PDS Limited stated that while the external approvals are in place, the company is currently engaged in filing all...

Gold Stabilizes Near $4,000 as Softer Inflation Data Undoes Rate Hike Bets Spot gold steadied near $4,000 an ounce on Thursday after fresh US inflation data softened expectations for aggressive interest-rate hikes by the Federal Reserve. This move capped a volatile week for bullion, which had recently slumped to lows not seen since November. The price action suggests that mounting fiscal concerns are beginning to ease pressure on precious metals.Impact of US Inflation Data on Interest Rates Treasury yields dipped after the release of the US personal consumption expenditures price index (PCE), which is the Fed’s favored inflation gauge. The data showed the PCE rose by a less-than-expected 0.4% in May. This result has recalibrated...

Magellanic Cloud Limited Announce Amalgamation of IVIS International and Detail Preferential Allotment Plan Magellanic Cloud Limited has announced significant corporate developments following its Board meeting held on June 25, 2026. The company confirmed the merger with IVIS International Private Limited, outlined details of a major capital raising through preferential allotment, and approved strategic provisions for subsidiary lending.The company is undergoing an amalgamation process with IVIS International Private Limited. The Scheme of Merger involves IVIS International, which was previously known as South India Projects Limited, merging into Magellanic Cloud Limited. The Appointed Date for the merger is April 1, 2026.The...

Indian Indices Hold Steady Ground Despite Resistance as Stocks Close for Muharram Holiday Indian stock markets concluded trading today, June 26, as both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) remained closed in observance of Muharram. Trading across equities, derivatives, currency derivatives, and interest rate derivatives was suspended across major segments on both exchanges. While equity markets halt for the day, commodity derivatives trading will resume during an evening session between 5:00 pm and 11:30 pm/11:55 pm. The market is scheduled to reopen and resume full trading activities on Monday, June 29.Market Performance and Sectoral Dynamics Indian benchmark indices achieved a marginal gain on the...

Musk Pushes 'Super App' Vision: X Money Expansion Targets Premium Users, Offers Cash Back and Savings Rates The transformation of social media into a comprehensive financial platform is accelerating as Elon Musk expands access to his digital payment venture, X Money. The payments tool, built directly within the X network, has been rolled out to a growing number of users in the United States. This move represents a pivotal step toward realizing Musk’s long-held ambition: converting X into an "everything app."The company confirmed the targeted release on Thursday through Dhruv Batura, who leads X Money. Batura indicated that this current phase is designed specifically to collect user feedback and iron out technical issues before a much...

Chip Giants Face Cooling Trend; Asia Sinks as Markets Price In Shift in Fed Rate Hikes Asian equity markets experienced a pullback early trading after heavyweight chip stocks gave back significant gains from Thursday’s rally. A gauge measuring Asian equities slipped by 1.1%, while South Korea’s tech-heavy Kospi index dropped over 3%. These regional declines occurred as Wall Street navigated a volatile session, highlighting investor unease regarding the sustainability of high valuations in technology giants.Technology Volatility Shapes US Market Performance The S&P 500 finished flat, unable to sustain an earlier rally fueled by Micron Technology Inc. However, volatility persisted across the tech sector. Apple Inc. shares slid 6.1%...

Jeyyam Global Foods Limited Appoints New Compliance Officer, Discusses NSE Fine ImpositionJeyyam Global Foods Limited has made significant organizational changes, approving the appointment of Ms. M. Nithya as its Company Secretary and Compliance Officer. The company's Board of Directors also met recently to review a fine imposed by the National Stock Exchange of India (NSE) related to compliance delays.The appointment of Mrs. M. Nithya was approved by the Board following the recommendation of the Nomination and Remuneration Committee. She assumes the role of Company Secretary and Compliance Officer, effective from June 25, 2026.Mrs. M. Nithya is an Associate Member of the Institute of Company Secretaries of India (ICSI) with...

Bank Holiday Alert: Muharram Observation Forces Closures; Know Which Cities See Branch Shutdown on June 26, 2026 Banks in multiple cities across India will remain closed on June 26, 2026. The closure is mandated by the Central government as a gazetted holiday to mark Muharram, the Islamic New Year and the observance of Ashura. This observance is one of the most significant dates in the Islamic calendar globally.While physical bank branches will be closed in several locations, digital financial services will remain fully functional. The Reserve Bank of India has confirmed that customers can rely on internet banking, mobile banking, UPI platforms, and ATMs throughout the holiday period.Cities with Bank Closures on Muharram Day The...

Tokyo CPI Surge Fuels BOJ Rate Hike Trajectory as Underlying Inflation Accelerates Japan's key inflation indicator picked up significantly for the first time in eight months, keeping the Bank of Japan (BOJ) on a trajectory to raise interest rates further. New data released on Friday from the Ministry of Internal Affairs and Communications shows that underlying inflationary pressures are building despite ongoing government relief measures.The consumer price index (CPI) excluding fresh food rose 1.6% in June compared to the previous year in the capital. This reading was consistent with the median forecast among economists surveyed by Bloomberg. The overall CPI for Tokyo rose 1.7%.Analysis of Key Inflation Gauges A critically watched...

Transteel Seating Technologies Lands Rs 41,21,797 Order from Zyeta Private Limited for Modular Furniture SITC Transteel Seating Technologies Limited has secured a significant order worth Rs 41,21,797 from Zyeta Private Limited. The contract pertains to the Supply, Installation, Testing, and Commissioning (SITC) of Modular Furniture.The business arrangement falls under domestic contracts. Transteel will execute the services for Zyeta Private Limited, with a specified timeline suggesting completion is expected by August 2026.Details regarding this contractual engagement have been summarized below:AspectDetailAwarding EntityZyeta Private LimitedOrder NatureSITC of Modular FurnitureNature of ContractDomesticContract...

Triveni Engineering Secures In-Principle Approval for Listing 14.65 Lakh Equity Shares Triveni Engineering & Industries Limited has received in-principle approval from both the National Stock Exchange of India Limited (NSE) and BSE Limited for the listing of additional equity shares, which were allotted pursuant to a Scheme of Arrangement. The total number of newly issued shares is 14,65,048 fully paid up equity shares of Re. 1/- each.The approval was granted by both Stock Exchanges on June 24, 2026. This allotment was made to the public shareholders of Sir Shadi Lal Enterprises Ltd. (SSEL) and forms part of the broader Scheme involving Triveni Engineering & Industries Ltd. (TEIL), SSEL, and Triveni Power Transmission Ltd. (TPTL)...