Indian stock market news, October 13, 2026: Karnataka Bank has launched Trade Konnect, a digital platform for import, export and outward remittance transactions, while Continental Controls Limited has approved key dates for its proposed ₹19.67 crore rights issue. Amanaya Ventures has appointed its first franchisee for the Aurel Forever Yours retail brand, while Maruti Suzuki India has received an update on its pending Competition Commission of India (CCI) matter before the National Company Law Appellate Tribunal (NCLAT).
Karnataka Bank Launches Trade Konnect Digital Platform
Karnataka Bank has introduced Trade Konnect, a digital platform designed to simplify international trade transactions and outward remittances. The platform enables customers to submit import, export and cross-border remittance requests online, reducing the need for physical branch visits.
The initiative forms part of the bank’s digital transformation efforts to make trade-related banking services more accessible and convenient for businesses and individuals.
Managing Director and CEO Raghavendra S Bhat said the platform addresses the evolving needs of businesses involved in international trade and individuals making foreign remittances. Executive Director Biji S S highlighted the bank’s focus on improving digital banking through technology.
The launch was attended by senior bank officials and representatives of technology partner Kyzer Software (India) Pvt. Ltd.
Continental Controls Rights Issue: Key Dates Announced
Continental Controls Limited’s Rights Issue Committee has approved the schedule for its proposed rights issue, through which the company plans to raise up to ₹19.67 crore.
The issue will open on October 23, 2026, with the last date for on-market renunciation set for October 26 and the deadline for off-market renunciation set for October 29. The issue is scheduled to close on October 30, 2026, although the company has provided for a possible extension of up to 30 days.
The company will file its Letter of Offer with BSE and the Securities and Exchange Board of India (SEBI). The issue is intended to raise capital through an offer to eligible shareholders.
Amanaya Ventures Appoints First Aurel Forever Yours Franchisee
Amanaya Ventures Limited has appointed M/s Dharam Pal Bullion & Jewels as the first founding franchisee for its Aurel Forever Yours retail brand in Chamba district, Himachal Pradesh.
The five-year agreement grants the franchisee exclusive territorial rights and marks the start of the company’s franchise-led expansion in gold and silver bullion and jewellery.
The franchisee is a partnership firm whose partners are related to the company’s promoter, whole-time director and CFO. According to the company’s disclosure, the transaction is being conducted at arm’s length and is not classified as a related-party transaction.
Maruti Suzuki Receives Update on CCI Case
Maruti Suzuki India Limited has received a notice from the NCLAT stating that its ongoing matter involving the Competition Commission of India will not be taken up at the hearing previously scheduled for November 2, 2026.
The tribunal’s next hearing date will be notified in due course. The disclosure follows the company’s earlier communication dated September 28, 2026. The latest update concerns the hearing schedule; the supplied information does not indicate a final decision in the matter.
Orchasp Limited Reports Demise of Promoter
Orchasp Limited informed the exchanges of the demise of promoter Satya Shiva Kumar Kanakadandi on October 11, 2026.
He held 42,605 equity shares, representing 0.01% of the company’s shareholding. Following his demise, he will cease to be part of the promoter and promoter group. The company will process the transmission of his shares to his nominee.
Corporate Developments to Watch
The latest disclosures cover digital banking, fundraising, retail expansion, regulatory proceedings and a change in promoter-group status. Karnataka Bank’s new platform focuses on digitising trade and remittance services, while Continental Controls has moved forward with the timetable for its proposed rights issue. Amanaya Ventures’ franchise appointment marks the beginning of its planned retail expansion under Aurel Forever Yours.
Disclaimer: This article is for informational purposes only and is based on the corporate updates supplied. It does not constitute investment or financial advice. Readers should refer to official company filings and stock-exchange disclosures for complete details and subsequent updates.
