KRN Heat Exchanger and Refrigeration shares rallied 4.81% to ₹1,286 following the company's board approval of a significant investment in its subsidiary. The company announced an investment of ₹235.26 crore in its wholly owned subsidiary, KRN HVAC Products (KHPL). According to Business Standard, the investment will be made through the subscription of 78,41,917 equity shares of KHPL at an issue price of ₹300 per share, comprising a face value of ₹10 and securities premium of ₹290 per share. The funds will be utilized by KHPL to fund its working capital requirements, with the investment linked to proceeds raised through the company's Qualified Institutional Placement (QIP).
Amber Enterprises India and Kaynes Technology India shares are banned from F&O trading on 10 June 2026. According to reports from Business Standard, these securities have been placed under F&O trading restrictions for the specified date, affecting derivative trading activities for these companies.
Bharti Airtel stated that the Bombay High Court allowed its petition and set aside a demand notice of ₹8,414 crore. According to The Hindu BusinessLine, the stock opened on a muted note and traded within a range of ₹1,786.70 to ₹1,807.70 during early trade before settling flat at ₹1,791.80 at 10.42 am. The demand included an OTSC-related claim of ₹473.7 crore pertaining to its subsidiary, Bharti Hexacom. Despite the favourable court ruling, the stock saw a subdued reaction amid broader market volatility and cautious investor sentiment.
Patanjali Foods informed exchanges that it has received a notice from the Maharashtra FDA regarding allegedly misleading juice advertisements and promotional labeling. As reported by Business Standard, the company clarified that no monetary penalty has been imposed on the food and beverage company. This regulatory development highlights the ongoing scrutiny of advertising practices in the FMCG sector.
Reliance Industries (RIL) announced a partnership with Meta Platforms, Inc. (Meta) for a data centre project in Jamnagar, Gujarat. According to latest reports, RIL will develop a data center with 168 MW capacity to be delivered within two years, with an option to scale. This represents the first built-to-suit data centre capacity in India for Meta and marks a significant milestone in India's emergence as a global hub for AI infrastructure. Meta will lease capacity from the facility, with the data center powered by renewable energy and cooled with desalinated seawater, demonstrating both companies' commitment to sustainability.
Afcons Infrastructure rallied 4.81% to ₹330.95 after announcing a significant contract win from Vadhvan Port Project (VPPL). The company secured a Letter of Award (LoA) worth ₹5,301 crore for constructing a 10.14-km-long breakwater at the upcoming Vadhvan Port in Maharashtra. According to Business Standard, Vadhvan Port is envisioned as India's largest public port with a handling capacity of 23.2 million TEUs, making it one of the world's biggest container ports.
