Stock Market LIVE Updates: GIFT Nifty indicates a negative start; US, Asian markets mixed

Best Crop Science, a wholly owned subsidiary of Best Agrolife has been granted Licence for indigenous manufacture of Haloxyfop R Methyl Ester Technical 96% w/w min u/s 9(3) by Central Insecticides Board & Registration Committee.

Haloxyfop-R-methyl ester is a post-emergence herbicide extensively utilized to control both annual and perennial grasses. It is commonly applied to various crops, such as soybeans, groundnuts, pulses, and many others.

One 97 Communications has announced significant growth in its travel segment, driven by partnerships and innovative travel solutions. The company has partnered with leading global travel aggregators such as Skyscanner, Google Flights, and Wego.

Biocon Biologics, a subsidiary of Biocon has received approval from the European Medicines Agency (EMA) to manufacture biosimilar Bevacizumab at its new, world-class,

multi-product monoclonal antibodies (mAbs) drug substance facility at Bengaluru.

This approval will provide significant additional capacity to address patients’ needs across markets in Europe.

The facility has previously been approved to manufacture biosimilar Trastuzumab in September 2022.

The subscription for the maiden public issue of the wood products company will take place from June 24-26. The price for the fixed price issue worth Rs 28.05 crore has been fixed at Rs 55 per share.

JSW Neo Energy, a wholly owned subsidiary of JSW Energy has received letter of award (LoA) for setting up 300 MW ISTS connected wind-solar hybrid power project from Solar Energy Corporation of India (SECI) against tariff based competitive bid invited for setting 1,200 MW ISTS-connected wind-solar hybrid power projects (Tranche VIII).

Post this award, the company’s total locked-in capacity increases to 13.6 GW.

The Rs 64.32-crore IPO of the electric panels maker, comprising only a fresh issue of 64.32 lakh equity shares, will hit the street on June 24, with a price band at Rs 95-100 per share. The final day for bidding on the issue will be June 26.

#1 CarTrade block deal: Highdell Investment and MacRitchie Investments likely to sell 10.4% stake

#2 Vedanta parent Vedanta Resources strongly denies any news report of promoters planning a stake sale in the company

#3 Cipla: USFDA issues form 483 with six observations for its Goa facility

#4 Lupin gets Establishment Inspection Report from the USFDA for its Somerset manufacturing facility with a Voluntary Action Indicated status

#5 Fertiliser stocks: GST Council sends request to reduce GST on fertilisers to GoM on rate rationalisation

#6 MCX board shortlists names of candidates for the post of its next MD & CEO

#7 Prestige Estates board approves raising up to Rs 5,000 crore via QIP and other methods

#8 JSW Energy receives LoA For 300 MW ISTS connected wind-solar hybrid power project from Solar Energy Corporation Of India

#9 IREDA raises Rs 1,500 cr through issuance of bonds

#10 TVS Motor signs agreement with CSC Grameen eStores for its commercial vehicle range

The Goods and Services Tax (GST) Council on June 22 recommended an amendment to the Central Goods and Services Tax (CGST) Act, 2017, that would empower the government to discuss and overrule any retrospective GST demand sent by tax authorities.

In the 53rd GST Council meet, the Council recommended inserting Section 11A to the GST Act to empower the government to regularise instances of non-levy or short-levy of GST, based on the Council’s recommendations, when such tax was not being paid due to common trade practices.

The amendment, once passed by the parliament and state legislatures, is expected to pave the way towards providing relief to India’s burgeoning real-money gaming (RMG) companies who have received GST notices for the period between July 2017 and March 2023. Read More

The Chhattisgarh-based sponge iron, MS billets, and TMT bars manufacturer’s Rs 171-crore public issue will open on June 26, comprising only a fresh issue.

The price band for the public issue, which closes on June 28, has been fixed at Rs 195-207 per share.

#3 Quant runs the third largest small-cap fund in the country with AUM of Rs 20,000 crore

#4 Stocks in which the fund held more than 5% stake include Century Enka, Orchids Pharma, HFCL, Arvind, Strides Pharma, Keystone Realtors, Pix Transmission and HEG

The Goods and Service Tax (GST) Council in its 53rd meeting on June 22 waived off interest and penalty on tax demand notices for the period 2017-2020, provided the assessees pay the tax by March 31, 2025, Finance Minister Nirmala Sitharaman said. Read More

The Officer’s Choice whisky maker will open its Rs 1,500-crore initial public offering for subscription on June 25, with a price band at Rs 267-281 per share.

The IPO, which comprises a fresh issuance of equity shares worth Rs 1,000 crore, and an offer-for-sale (OFS) of shares worth Rs 500 crore by promoters, will close on June 27.

Genesys International has announced the launch of India’s first AI-powered navigation map specifically designed for the automotive and mobility markets.

The newly launched map by Genesys features the largest navigable road network in India, covering 8.3 million kilometers and encompassing more than 30 million points ofinterest (POIs).