Board of SpiceJet approves change in registered office

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 11:50 AM IST

At meeting held on 05 June 2026

The board of SpiceJet at its meeting held on 05 June 2026 has approved the change of the Company’s Registered Office from Indira Gandhi International Airport, Terminal 1D, New Delhi – 110037 to 505, 5th Floor, Caddie Commercial Tower, Aerocity (DIAL), New Delhi – 110037,
within the local limits of New Delhi, with immediate effect.

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First Published: Jun 06 2026 | 11:50 AM IST

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Dollar index witnesses massive surge to 2-month high beyond 100 mark

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 11:50 AM IST

The US dollar index surged above 100 mark on Friday to a two month high following strong US jobs report that increased possibility of a Federal Reserve interest rate hike soon. Jobs data showed the US economy added 172,000 positions in May, far exceeding forecasts. The report pushed Treasury yields higher, with the 10-year yield rising above 4.5% fueling concerns that elevated borrowing costs could weigh on economic growth and investment. Meanwhile, lack of any concrete settlement on US and Iran war front that is keeping oil prices elevated is also adding to inflationary pressures and flocking inventors to dollar for respite. US stocks also slumped on Friday after a strong jobs report consolidated the outlook of restrictive interest rates, while chip producers extended their selloff. The dollar index that measures the greenback against a basket of currencies ended the week at 100.03, up 0.67% on the day.

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First Published: Jun 06 2026 | 11:31 AM IST

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Valecha Engineering reports consolidated net loss of Rs 72.78 crore in the March 2026 quarter

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Last Updated : Jun 06 2026 | 11:17 AM IST

Sales decline 53.91% to Rs 11.44 crore

Net loss of Valecha Engineering reported to Rs 72.78 crore in the quarter ended March 2026 as against net profit of Rs 407.50 crore during the previous quarter ended March 2025. Sales declined 53.91% to Rs 11.44 crore in the quarter ended March 2026 as against Rs 24.82 crore during the previous quarter ended March 2025.

For the full year,net loss reported to Rs 148.33 crore in the year ended March 2026 as against net profit of Rs 315.25 crore during the previous year ended March 2025. Sales declined 29.79% to Rs 32.97 crore in the year ended March 2026 as against Rs 46.96 crore during the previous year ended March 2025.

ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var.Sales11.4424.82 -54 32.9746.96 -30 OPM %-290.6515.91 –-89.2617.38 – PBDT-87.55-50.14 -75 -217.03-201.68 -8 PBT-89.59-51.97 -72 -225.16-209.01 -8 NP-72.78407.50 PL -148.33315.25 PL

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First Published: Jun 06 2026 | 11:16 AM IST

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SBI MF acquires stakes in Adani Enterprises, Adani Energy Solutions from GQG for Rs 5,748 crore

by Hansraj Agrawal | Jun 6, 2026 | Share Market

SBI Mutual Fund acquired stakes in Adani Enterprises and Adani Energy Solutions from GQG Partners through open market transactions worth a combined Rs 5,747.54 crore on 5 June 2026.

According to NSE block deal data, SBI Mutual Fund purchased 63.66 lakh shares, representing a 0.53% stake, in Adani Energy Solutions at Rs 1,504.80 per share. The shares were sold by GQG Partners Emerging Markets Equity Fund.

In a separate transaction, SBI Mutual Fund bought 1.64 crore shares, equivalent to a 1.27% stake, in Adani Enterprises at Rs 2,913.40 per share from the same seller.

The latest acquisition follows another transaction on 14 May 2026, when SBI Mutual Fund purchased 58.92 lakh shares, or a 0.45% stake, in Adani Enterprises from GQG Partners Emerging Markets Equity Fund at Rs 2,435.60 per share.

Shareholding data for the quarter ended March 2026 showed GQG Partners Emerging Markets Equity Fund held a 1.59% stake in Adani Enterprises and a 1.91% stake in Adani Energy Solutions. Following the May transaction, GQG’s holding in Adani Enterprises declined to 1.14%.

As of March 2026, SBI Equity Hybrid Fund held a 3.67% stake in Adani Energy Solutions.

Shares of Adani Enterprises closed at Rs 3,047.85 on 05 June 2026, up 2.52%, while Adani Energy Solutions gained 3.92% to settle at Rs 1,579.45.

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Adani Ports incorporates UAE-based step-down subsidiary for marine operations

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Adani Ports and Special Economic Zone (APSEZ) has incorporated a new step-down wholly owned subsidiary in the United Arab Emirates as part of its marine business expansion strategy.

In a regulatory filing on 5 June 2026, the company said its step-down subsidiary, The Adani Harbour International FZCO, has incorporated Harbour International Shipping FZCO in the UAE.

The newly incorporated entity will be engaged in ship management and operations. APSEZ said the subsidiary has been established to conduct offshore operations locally and support the company’s strategy of diversifying its global fleet.

According to the filing, Harbour International Shipping FZCO was incorporated on 5 June 2026 with an authorised capital of 100 shares of AED 1,000 each. The Adani Harbour International FZCO holds 100% of the shares in the new entity.

The company said the incorporation aligns with its objective of expanding the geographic reach of its marine business and strengthening its integrated marine platform.

APSEZ added that no governmental or regulatory approvals were required for the incorporation.

APSEZ is the largest private port operator in India. It reported 10.44% jump in consolidated net profit to Rs 3,328.96 crore on 26.5% increase in revenue from operations to Rs 10,737.58 crore in Q4 FY26 over Q4 FY25.

The counter advanced 1.82% to settle at Rs 1823.10 on Friday, 5 June 2026.

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Tiger Logistics retains IVR A- rating; outlook revised to Negative by Infomerics

by Hansraj Agrawal | Jun 6, 2026 | Share Market

Tiger Logistics (India) said Infomerics Valuation and Rating has reaffirmed its long-term credit rating at IVR A- and short-term rating at IVR A2+ for bank facilities aggregating Rs 45 crore.

The rating agency has revised the outlook on the company to Negative from Stable, citing profitability pressures and working capital challenges amid global trade disruptions and volatility in the logistics sector.

According to the company, container volumes handled during FY26 rose 34.5% year-on-year to 92,614 TEUs from 68,858 TEUs in FY25. Total operating income increased 6.8% to Rs 573 crore during the year.

The company said the rating reaffirmation reflects its market position, diversified service portfolio, asset-light business model and management experience. Infomerics also noted the company’s presence across ocean and air freight forwarding, customs clearance, project logistics, warehousing and supply chain solutions.

Tiger Logistics stated that global logistics markets remained volatile during FY26 due to geopolitical tensions, supply chain rerouting and competitive pricing pressures. Despite these factors, the company reported higher cargo volumes and maintained moderate leverage and liquidity levels.

The company said it has undertaken measures aimed at improving profitability and working capital efficiency.

Tiger Logistics expects future growth to be supported by rising demand from sectors such as renewable energy, automotive, electronics and pharmaceuticals, along with expansion into new international markets and a stronger focus on integrated logistics solutions.

Tiger Logistics provides international logistics and supply chain services, including freight forwarding, customs clearance, transportation and project logistics.

On a standalone basis, Tiger Logistics (India)’s net profit declined 65.53% to Rs 2.22 crore while net sales rose 41.97% to Rs 162.55 crore in Q4 March 2026 over Q4 March 2025.

Shares of Tiger Logistics (India) fell 1.72% to settle at Rs 35.99 on 27 May 2026.

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