Markets

Dhara Rail Projects Limited Secures Order from Railway Division for Component Maintenance Dhara Rail Projects Limited has secured a significant work order related to railway component maintenance and overhauling, valued at Rs. 2,13,55,896.27/- (including GST).The contract was awarded by the Sr. Divisional Electrical Engineer/TRD of the Agra Division Electrical at the DRM office complex in Agra. The project involves the maintenance, repair, and overhauling of components—specifically those apart from the diesel engine—for 4 W and 8 W Tower Wagons belonging to NC Railway.The contract is set for a duration of 24 months.Commercial Details of the Contract The order pertains to work provided by a domestic entity to Dhara Rail Projects...

Castrol India Limited updates authorized Key Managerial Personnel details Castrol India Limited has updated and provided the key managerial personnel (KMPs) authorized for determining the materiality of events or information and for making disclosures to stock exchanges.The updated details specify the roles and contact numbers for critical management functions within the company.Key Management Personnel DetailsKey Managerial PersonnelContact NumberChief Financial Officer (CFO)+91 22 71777111Managing Director - in absence of CFO+91 22 71777111CASTROLIND Stock Price Movement Shares of Castrol India Limited slipped by 1.27% on Thursday, settling at ₹185.37 following a modest decline from the previous close. The equity was...

Nutan Gaba Patwari steps down as CFO of Home First Finance Company India Limited Home First Finance Company India Limited (HFFCIL) has announced that Ms. Nutan Gaba Patwari, Chief Financial Officer and a Key Managerial Personnel of the company, is stepping down from her senior roles to pursue the next phase of her professional journey. The resignation will be effective from the close of business hours on August 31, 2026.Ms. Patwari will cease to be the CFO, KMP, and SMP (Senior Management Personnel) of the company upon the aforementioned date.Following her stepping down from the Chief Financial Officer role, Ms. Patwari has agreed to support Home First in a non-KMP, non-operating, time-bound advisory capacity focused on investor...

Mukka Proteins Completes Acquisition of 51% Stake in Delta Marine Products for Strategic Expansion Mukka Proteins Limited has completed the acquisition of a controlling stake in Delta Marine Products, Partnership Firm. The strategic move was finalized on June 25, 2026, involving an investment amounting to Rs. 11,10,00,000/- (Rupees Eleven Crores Ten Lakhs Only).The company acquired a 51% stake in Delta Marine Products through capital contribution. This acquisition is part of Mukka Proteins Limited's strategic investment plans aimed at expanding its core business and optimizing operational processes. The move seeks to improve production efficiency and achieve broader market reach for the listed entity.Delta Marine Products, which...

Raymond Lifestyle Limited to Hold 8th Annual General Meeting and Release FY2025-26 Annual Report Raymond Lifestyle Limited announced that its 8th Annual General Meeting (AGM) for shareholders will be held on Tuesday, July 14, 2026. The meeting is scheduled at 03:30 P.M. (IST) and will be conducted through Video Conferencing (VC) or other Audio Visual Means (OAVM).The company has also made available the Annual Report for the Financial Year 2025-26. For shareholders who have not registered their email addresses with the Company, Depositories, or the Registrar & Share Transfer Agent, specific access details and web links for the Annual Report have been provided.The Annual Report for FY2025-26 can be accessed through various channels...

Deccan Cements Limited Allots Various Debentures in Board Meeting Transaction Deccan Cements Limited announced the outcome of its Board of Directors meeting held on June 25, 2026. During the meeting, the company allotted multiple tranches of debentures, including compulsory convertible debentures (CCDs) and two series of non-convertible debentures (NCDs).The company executed the allotment across three categories of securities. The transactions relate to unlisted and unrated instruments, as detailed below:Instrument TypeQuantity AllottedFace Value Per UnitTotal Aggregation AmountUnsecured CCDs14,40,559INR 715/-INR 102,99,99,685/-Series A NCDs (Secured)15,000INR 1,00,000/-INR 150,00,00,000/-Series B NCDs (Secured)40,700INR...

Rana Sugars Limited announces resignation of Group HR Head Dr. Raju Foujdar Rana Sugars Limited has announced that Dr. Raju Foujdar, who served as the Group HR Head and Senior Management Personnel (SMP), has resigned from the company. The cessation of his service is effective as of June 25, 2026.The resignation was attributed to personal reasons and commitments.Details regarding this change in Senior Management Personnel have been recorded by the company.A summary of the personnel change is presented below:DetailDescriptionReason for ChangeResignationDate of Cessation25th June, 2026Brief ProfileNot ApplicableDisclosure of relationships between directorsNot ApplicableRANASUG Stock Price Movement Shares of Rana...

Gretex Industries Gains RBI Prior Approval for Change in Management Pertaining to NBFC Arpan Tie Up AcquisitionGretex Industries Limited has received prior approval from the Reserve Bank of India (RBI) concerning a Change in Management related to its proposed acquisition of National Business Finance Company (NBFC) Arpan Tie Up Pvt. Ltd. The approval was granted by the RBI via its letter dated June 25, 2026.The approval covers the Change in Management aspect of the transaction. However, Gretex Industries Limited stated that the clearance for the Change in Control is still pending and remains awaited from the Reserve Bank of India.GRETEX Stock Price Movement Shares of Gretex Industries Limited settled unchanged at ₹265 following the...

Plaza Wires Secures Rs 4.81 Crore Loan from Punjab National Bank for Working Capital Needs Plaza Wires Limited has entered into a loan agreement with Punjab National Bank (PNB) to secure financing for its business operations. The transaction, executed on June 25, 2026, involves the company obtaining a Working Capital Loan (WCTL).The loan is specifically intended to assist in the Company's daily business needs under the Emergency Credit Line Guarantee Scheme 5.0.Plaza Wires Limited secured the agreement from PNB, with the financial details of the transaction summarized as follows:AspectDetailsBorrowerPlaza Wires LimitedLenderPunjab National BankDate of ExecutionJune 25, 2026Purpose of LoanWorking Capital Loan (WCTL)...

Sammaan Capital Limited Makes Timely Interest Payments on Secured and Unsecured Non-Convertible DebenturesSammaan Capital Limited has completed the timely payment of interest amounts related to its Secured Redeemable Non-Convertible Debentures and Unsecured Redeemable Non-Convertible Debentures, which were issued through a Public Issue.The company provided details concerning these payments, confirming that the entire interest amount for both series of debentures was paid as scheduled. These debentures are listed on the Stock Exchanges.Details regarding the two tranches of debt, including issue size and payment specifics, are as follows:ISINIssue Size (INR lacs)FrequencyInterest Amount Due (INR lacs)Actual Payment DateLast...

Government Raises Over ₹2,100 Crore via IRFC Share Sale; Investors Show Strong Faith in Railway PSU Retail Enthusiasm Drives State-Owned IRFC Share Sale to Raise Funds The government successfully completed the Offer For Sale (OFS) of shares in the Indian Railway Finance Corporation (IRFC). This move generated approximately ₹2,100 crore for the public exchequer.Department of Investment and Public Asset Management (DIPAM) Secretary Arunish Chawla confirmed the successful sale on Thursday. He stated that a total of 22.88 crore shares were sold to minority shareholders across two trading days. The combined proceeds from investors amounted to an estimated ₹2,084 crore.Chawla expressed gratitude to all participating investors for their...

Bandhan Bank Appoints Debasish Panda as Non-Executive Chairman and Independent Director Bandhan Bank Limited announced significant changes following a recent Board meeting, confirming the appointment of Mr. Debasish Panda to multiple senior roles. The bank also noted the impending conclusion of Dr. Anup Kumar Sinha’s tenure as Non-Executive Part-Time Chairman and reviewed its current capitalization status.The appointments were approved by the Bank's Board of Directors during a meeting held on June 25, 2026.Key Appointments and Roles Mr. Debasish Panda was appointed by the Board of Directors to hold several senior positions within the bank, effective July 05, 2026. These roles include:Additional Director (Independent) on the Board...

Microsoft to Raise Xbox Console Prices by $100 Amid Soaring AI Chip Costs Microsoft announced Thursday that it will be increasing the price of its Xbox video game consoles globally starting August 1, citing a surge in component costs driven primarily by artificial intelligence (AI) technology. The pricing adjustments represent a significant shift for the gaming division, marking the third such hike following increases in May 2025 and a prior adjustment limited to the United States.Price Hikes Detailed for Xbox Consoles In the United States, the Series S console is set to increase to $500 this summer. The premium Series X model will see its price rise up to $800. Details regarding pricing for Europe have yet to be released, although...

Vedanta Surges in Fiscal Discipline, Contributing Rs 62,722 Crore to Exchequer as Operations Hit Historic High Diversified natural resources giant Vedanta Ltd has announced a substantial contribution of Rs 62,722 crore to the exchequer for the financial year 2025-26. This significant payment registers an impressive 13.3 per cent increase compared to the previous fiscal year.The contribution underscores Vedanta’s exceptionally strong financial trajectory, driven by a historic-best performance across its global operations portfolio. The company highlighted this achievement in its 11th tax transparency report.Pillar of Economic Development: Contribution Details Vedanta confirmed that the Rs 62,722 crore contribution represents 36 per...

Aptech Secures Rs 1.81 Crore Contract to Conduct Computer-Based Examinations for State Government Body Aptech Limited, a pioneer in non-formal vocational training with a significant global presence since its commencement in 1986, has been awarded a contract by a State Government Body. The agreement involves providing computer-based examination services, estimated at Rs 1.81 crore.The State Government Body has appointed Aptech to conduct the examinations. A key component of the contract involves Aptech submitting the final list of Exam Cities and Exam centres (which must be audited by the State Government Body) along with the corresponding number of seats available.Terms and conditions associated with the contract stipulated that...

Nasdaq Plummets as Apple Shares Slide Amid Escalating Strait of Hormuz Tensions Wall Street indices concluded a mixed session, with the Nasdaq falling for the fourth consecutive day. This decline was driven by weakness among major technology stocks, even as oil prices pushed higher following geopolitical unrest near the Strait of Hormuz. The market activity showcased stark divergence across the tech sector, contrasted against robust showings in industrial and pharmaceutical companies.Market Volatility Driven by Strait of Hormuz Tensions and Oil Price Spike Oil futures saw a significant rally after a cargo ship was damaged by an unknown projectile off the Omani coast on Thursday. This attack in the strategic strait prompted the...

Jubilant Generics Receives Tentative USFDA Approval for Pantoprazole Suspension Jubilant Pharmova Limited has received tentative approval from the United States Food and Drug Administration (USFDA) concerning a product manufactured by its subsidiary, Jubilant Generics Limited. The facility involved is the Solid Dosage Manufacturing Facility located in Roorkee.The approval relates to Pantoprazole Sodium Delayed Release Oral Suspension, 40 mg per packet, which was granted on June 25, 2026, at 11:47 am.This tentative USFDA approval for the specified oral suspension is conditional upon the expiry of the patent covering the Reference Listed Drug (RLD). The patent is currently expected to expire in December 2026. Final approval from the...

Adani Pledges Rs 20,000 Crore to Transform Airports into Integrated Urban Hubs Across India Adani Airport City Ltd (AACL), a wholly-owned subsidiary of Adani Airport Holdings Limited (AAHL), has unveiled an ambitious infrastructure plan. The company intends to invest over Rs 20,000 crore in the first phase of a large-scale airport city development program. This massive undertaking is set to transform six key aviation hubs into integrated commercial and urban destinations across five states.Scope of the Mega Airport City Project The initial phase of the development involves developing approximately 655 acres across six airports located in Mumbai, Navi Mumbai, Ahmedabad, Lucknow, Jaipur, and Guwahati. A total of nearly 22 million square...

Retail Rally Holds Sensex Gains as DIIs Net Buy Heavily in Indian Markets The Indian stock market saw mixed activity on June 25, 2026. The Sensex closed marginally higher at 77,100.47 points, registering a gain of 0.14 percent. Nifty also managed to climb by 34.35 points, finishing the session at 24,056.The broader indices faced pressure during the trading day. Nifty Midcap and Smallcap indexes both declined, posting losses of 0.5 percent each. This trend contrasts with the slight gains seen in the main benchmark indices.Investor Flow Dynamics: DIIs Drive Significant Institutional Buying Investor flows showed a divergence between retail and foreign participants. Domestic Institutional Investors (DIIs) demonstrated robust buying...

Sula Vineyards Announces Cessation of Non-Executive Director Sula Vineyards Limited has announced that Mr. Nicholas Cator, a Non-Executive Non-Independent Director, has ceased to be a director of the company.The change occurred following the Annual General Meeting (AGM) held on June 25, 2026. Mr. Cator's departure was due to his not seeking re-appointment upon retiring by rotation.As per the details provided, Mr. Nicholas Cator ceased his role as a Director on the Board of Sula Vineyards Limited at the conclusion of the AGM held on June 25, 2026. The reason cited for this cessation is preoccupation.The company has stated that the vacancy created by the retirement of Mr. Cator will not be filled.SULA Stock Price Movement On...