The global markets present a mixed landscape this morning. While US futures lean positive—buoyed by tech optimism—Asian markets are experiencing a sharp sell-off, particularly in South Korea.
Domestic Institutional Investors (DIIs) continue to show strong buying conviction, offset by continued Foreign Institutional Investor (FII) outflows.
Commodities are showing mixed to negative bias early today. Spot gold continues to catch safe-haven bids despite weak futures, while the energy complex remains under pressure from easing supply tensions.
Adani Energy Solutions: Board approved equity-based fundraising of up to ₹100 billion via a Qualified Institutional Placement (QIP) or other tranches to fund capital expansion.
ADF Foods: US subsidiary (ADF Holdings USA) secured a $2.1 million tariff refund from the U.S. Customs and Border Protection, boosting immediate cash flows.
Aeroflex Industries: Expanded its liquid cooling assembly manufacturing capacity to 9,000 pieces per annum to serve rising data center cooling demand.
Alkem Laboratories: The Commissioner of Income Tax ruled in favor of the company, deleting tax disallowances valued at ₹6.61 billion.
Bharti Airtel: Airtel Money has officially started commercial operations as a Type-II Non-Deposit Accepting NBFC to build out its digital financial services arm.
Borosil: Commissioned its new double-wall glass manufacturing facility (2 production lines operational on June 30, 2026). A third line is slated for Q2 FY27.
Canara Bank (Provisional Q1): Domestic advances grew 16.93% YoY; domestic deposits up 10.06% YoY.
Coal India: Bagged a mandate to establish a 600 MW solar power plant at Jalaun Solar Park, Uttar Pradesh, with an estimated investment of ₹28.31 billion.
Dev Information Technology: Won a fresh domestic work order valued at ₹27.9 million.
Dhanlaxmi Bank (Provisional Q1): Gross advances jumped 26.47% YoY to ₹157.85 billion; total deposits increased 17.10% YoY to ₹194.03 billion.
Exato Technologies: Bagged an international software license supply order valued at $479,375.
Faze Three: Granted regulatory approval under the Government of India’s Production Linked Incentive (PLI) Scheme.
Force Motors: Total vehicle sales for June 2026 grew 23.5% YoY to 3,568 units vs. 2,889 units.
Grob Tea Company: Board cleared a 100% stake acquisition in Bazaloni Group for ₹721.6 million to expand its international footprint.
Hero MotoCorp: Announced a massive ₹32 billion expansion investment in Andhra Pradesh to scale annual capacity to 1.2–1.5 million units. This includes over ₹7.50 billion for a secondary Global Parts Centre in Tirupati.
Indian Bank (Provisional Q1): Gross advances grew 13.9% YoY; total deposits climbed 13.3% YoY as of June 30, 2026.
Lokesh Machines: Officially removed from the U.S. OFAC Specially Designated Nationals (SDN) sanctions list, fully restoring its access to the U.S. banking system.
Lupin: Received European Medicines Agency (EMA) approval for its drug Namijscla, including a vital pediatric extension.
Mangalam Global Enterprise: Unveiled plans to open 100 retail outlets over 2 years and entered the wellness sector via its new brand Neat Everyday.
Mobavenue AI Tech: Formed a new step-down subsidiary in Singapore with an initial capital layout of $10,000.
NLC India: Its subsidiary secured a greenfield solar power development mandate in Uttar Pradesh.
NMDC (Provisional June): Iron ore production stood at 5.15 million tonnes; total sales reached 3.98 million tonnes.
Orient Ceratech: Completed the sale of its windmill division on June 30, with a revised, higher consideration of ₹164.5 million.
Punjab & Sind Bank (Provisional Q1): Gross advances increased 19.50% YoY; total deposits grew 12.16% YoY.
Reliance Industries: According to Nikkei, Japan will provide trade insurance (via NEXI) for a 100 billion yen syndicated loan led by MUFG Bank to back RIL's green solar/battery factory expansions. An MOU is expected today, July 2.
Sai Parenterals: Australian branch renewed a long-term OTC supply contract with major Australian pharmacy channels worth AUD 202 million.
Sharp India: Secured a fresh commercial pipeline execution order valued at ₹79.3 million.
South Indian Bank (Provisional Q1): Gross advances grew 17.01% YoY; total deposits up 11.39% YoY.
Tamilnad Mercantile Bank (Provisional Q1): Reported strong growth with advances up 27.01% YoY and deposits up 19.71% YoY.
Tata Technologies: Deepened its mobility partnership with Tenneco, with the latter committing over $100 million over the next 5 years.
Tokyo Plast International: Approved the formation of a new Wholly Owned Subsidiary (WOS).
United Heat Transfer: Bagged a fresh equipment order worth $67,356.
V-Mart Retail (Provisional Q1): Standalone revenue up 23% YoY to ₹10.89 billion; same-store sales growth (SSSG) healthy at 9%.
V2 Retail (Provisional Q1): Revenue spiked to ₹9.97 billion from ₹6.30 billion in Q1 FY26; SSSG recorded at 7.5% YoY.
Womancart: Added global skincare brands CeraVe and The Face Shop to its digital consumer portfolio.
Zaggle Prepaid Ocean Services: Successfully empanelled by Canara Bank through its fintech Expression of Interest (EOI) process.
Allcargo Logistics: Approved an internal acquisition of a 25% equity stake in Allcargo Group Services to consolidate ownership.
Amba Enterprises: Re-appointed Ketan Harilal Mehta as Managing Director for an extended term.
Brainbees Solutions (FirstCry): Board approved a divestment participation in Swara Baby's Offer for Sale (OFS) for an aggregate value of up to ₹3 billion.
Cargosol Logistics: Board meeting scheduled for July 4, 2026, to consider an upcoming fundraising proposal.
Containe Technologies: Approved an equity rights issue to raise up to ₹210 million.
Devyani International: Deployed a net investment of THB 400 million into Restaurants Development Co. to consolidate its Thailand expansion.
Embassy Developments: Board to meet to review fund-raising via Non-Convertible Debentures (NCDs).
Harmony Capital Services: Appointed Rajeev Kumar Singh as Chief Financial Officer.
Hiliks Technologies: Cleared a preferential issue of 2.3 million shares and 1.2 million warrants priced at ₹72 per security.
India Home Loan: Finalized a debt-restructuring agreement with IDFC First Bank for outstanding principal and interest dues of ₹175.5 million.
Jana Small Finance Bank: Promoter entity Jana Holdings has proposed a reclassification from the 'Promoter' category to the 'Public' holder category.
Jauss Polymers: Appointed Shipra Chauhan as the company's new Managing Director.
Netweb Technologies India: Board approved a capital raise of up to ₹12 billion through eligible fundraising windows.
Oswal Greentech: Formally appointed Alok Gupta as Chief Financial Officer.
POCL Enterprises: Approved a strategic investment of ₹124.7 million to acquire a stake in Trichy Metals and Alloys.
Polyplex Corporation: Opted out of participating in the tender offer relating to its holdings in PTL.
Rashtriya Chemicals & Fertilizers (RCF): Board to consider raising growth capital through a Further Public Offer (FPO).
Shivam Autotech: Approved an equity rights issue to raise up to ₹1.20 billion.
Studds Accessories: Appointed Bharat Goyal as CFO following Manish Mehta’s resignation.
Syngene International: Leadership transition completed with Siddharth Mittal appointed as MD & CEO.
Usha Financial Services: Appointed Gopal Rawat as Interim Chief Financial Officer effective July 1, 2026.
Zee Entertainment: Board approved the issuance of fully convertible warrants sizing up to ₹31.44 billion. Separately, the company dismissed media reports regarding an ongoing investment by OFI Global China Fund, calling the basis unknown.
Sanjay Malhotra (RBI Governor): Noted that while short-term inflation ticked higher, it remains below the target band. He expressed confidence in structural GDP momentum, noted that a lower long-term inflation target could be explored later, and emphasized fiscal-monetary harmony during supply shocks.
RBI Administration: Appointed Shri Ravi Shankar as Executive Director to lead the Department of Statistics and Information Management.
Floating Rate Savings Bonds (FRSB): The interest rate on FRSB 2020 (Taxable) is locked unchanged at 8.05% for the July 1 to December 31, 2026 window.
Banking Directions: RBI extended regulatory restrictions against Solapur-based Samarth Sahakari Bank Ltd.
India Bond Yields: The benchmark 10-year Government Bond Yield edged up to 6.7563% against its previous close of 6.7501%.
Urals Crude Discount: The price discount for Russian Urals crude delivered at Indian ports narrowed down to below $7 per barrel against Brent due to strong competition among suppliers.
Russia-India Gasoline Flows: In a shift in traditional product flows, Russia has commenced seaborne imports of commercial gasoline from India.
Venezuela Oil Shipments: Total crude exports dipped to 1.2 million bpd in June. Shipments heading to the US (Chevron) expanded to 630,000 bpd, while flows to India fell to 277,000 bpd.
Meta / WhatsApp Regulation: The Government of India ordered Meta to detail its upcoming WhatsApp "Usernames" feature within 3 days, halting any domestic roll-out until formal consultations conclude.
Roche Holding: Will expand its global technology network by setting up its second Indian Digital Technology Hub in Hyderabad, planned to go live in Q1 2027.
Renault India: Clocked positive sequential expansion in its wholesale dealer dispatch figures for June.
