The global markets present a mixed landscape this morning. Safe-haven assets like gold are easing, while energy commodities rally and Asian indices show sharp divergence.
Telecom operators continue to show subscriber expansions, though momentum slowed slightly for the top two players compared to April.
Likhitha Infrastructure: Secured a massive order worth approximately ₹35.10 billion from China Petroleum Engineering, sharply scaling its long-term oil and gas execution visibility.
Bluspring Enterprises: Subsidiary won an extension for Vedanta's 1,800 MW thermal power plant O&M contract, elevating the total contract value to ₹12.20 billion.
Power Grid Corporation of India: Approved a ₹7.73 billion investment for the I-Judmalpet–Madurai 400 KV transmission line upgrade (due August 11, 2028). Raised overall borrowing limits to ₹2.20 trillion and approved up to US$500 million in External Commercial Borrowings (ECB) via Bank of Baroda.
Transrail Lighting: Clinched new international transmission and distribution orders worth ₹4.59 billion.
DCX Systems: Pocketed multiple purchase orders worth ₹4.32 billion across defence and aerospace domains.
Indo Tech Transformers: Approved a ₹3.60 billion capital expenditure blueprint to scale its manufacturing capacity to 50,000 MVA by FY2028-29.
Persistent Systems / Nagarro: Signed a definitive Business Combination Agreement to establish the Persistent–Nagarro Group, focusing on global AI-led digital engineering and cloud transformation.
Sapphire Foods India: Received substantial regulatory relief after a tax demand of ₹977.06 million (spanning April 2022 to March 2024) was dismissed.
Utkarsh Small Finance Bank: Cleared non-performing assets (NPAs) worth ₹7.27 billion in principal outstanding via a sale to optimize balance sheet quality.
Ashoka Buildcon: Secured an infrastructure Letter of Acceptance (LoA) in Guyana valued at US$35.42 million.
Refex Industries: Secured ash transportation logistics contracts worth ₹211.5 million for NHAI and government road infrastructure projects.
OM Power Transmission: Awarded a ₹185 million LoA from SAEL Industries for a 220 KV transmission line execution.
Konstelec Engineers: Landed a ₹150.9 million work order from Projects & Development India Limited (PDIL).
Amber Enterprises India: Announced an Indo-German Printed Circuit Board (PCB) strategic manufacturing collaboration between Schweizer Electronic and Ascent Circuits.
Lupin: Received tentative USFDA approval for its generic generic version of Enzalutamide Tablets (prostate cancer treatment).
GMR Airports: Formally commenced operational management of Dr. Babasaheb Ambedkar International Airport in Nagpur via its subsidiary.
Strides Pharma Science: Executed a deal to divest a majority stake in its subsidiary, Pivot Path, to Ascent Capital and Vintage Classic for ~₹1 billion.
RITES: Expanded an existing contract's valuation from ₹1.20 billion to ₹1.49 billion, and revised an MoU with NUPPL to include wet-leasing locomotives.
Manglam Infra & Engineering: Secured multiple engineering project orders totaling ₹71.8 million.
Texmaco Rail & Engineering: Bagged a ₹54.9 million engineering contract from Northern Railway.
Meta Infotech: Aggregate orders of ₹54.4 million rolled in, including a ₹39.6 million banking sector renewal.
Monarch Surveyors & Engineering Consultants: Booked a new contract valued at ₹50.8 million.
Australian Premium Solar (India): Acquired an additional 49% equity stake in APLIJS Solar Cell to reinforce backward integration.
Haldyn Glass: Cleared an additional stake purchase in Jamnagar Renewables Two for ~₹14.4 million.
Master Components: Bagged electrical parts and EV supply equipment orders totaling ₹10.6 million.
Shayona Engineering: Received a domestic purchase order worth ₹4.6 million.
Transteel Seating Technologies: Received a commercial furniture order worth ₹4.1 million from Zyeta Private Limited.
Ashiana Housing: The Income Tax Department dropped a tax demand of ₹2.1 million, removing the financial liability.
ABB India: Appointed T.K. Sridhar as Managing Director for 5 years, effective Jan 1, 2027.
Alembic Pharmaceuticals: Got final USFDA nods for Dapsone Gel 5% and Oseltamivir Phosphate Oral Suspension.
Apollo Pipes: Board approved the strategic amalgamation of KML Tradelinks, Kisan Mouldings, and Apollo Pipes.
Bajaj Auto: Confirmed all key business functions have fully normalized following a June 23 cyber incident, with zero material operational impact.
Bajaj Healthcare: Received a positive marketing and manufacturing recommendation from the SEC for Cenobamate Tablets.
Gujarat Fluorochemicals: Incorporated a new wholly-owned entity, GFCL Semiconductor and Advanced Materials.
HCLTech: Finalized a 10.46% equity stake acquisition in Sarvam AI.
Hind Rectifiers: Expanded globally by setting up a wholly-owned subsidiary, Hind Global Holdings, in the UAE.
Indoco Remedies: Goa Plant-I received European Union Good Manufacturing Practice (EU GMP) certification.
IPCA Laboratories: Approved a Scheme of Amalgamation to merge Krebs Biochemicals & Industries into IPCA.
L&T (Vyom.AI): Incorporated L&T Data Centres to expand its digital infrastructure asset class.
Magellanic Cloud: Board approved boosting the NRI/OI investment ceiling to 24%, subject to upcoming EGM clearance.
Nintec Systems: Reappointed Niraj Chhaganraj Gemawat as Managing Director for 5 years.
NTPC: Set up an international wing, NTPC (Mauritius) Energy, in Mauritius with initial capital of 1 million MUR.
Qualitek Labs: Achieved Type 'A' Inspection Body status from the National Accreditation Board for Certification Bodies (NABCB).
Spice Islands Industries: Signed an MoU with Erva Food and Beverages to venture into water and soda production.
Sunteck Realty: Incorporated a new wholly-owned real estate development subsidiary, Eminara Buildcon Private Limited.
Velox Shipping & Logistics: Acquired 100% of Seaman Logistics Solutions to boost integrated global supply chain solutions.
Waaree Energies: Clarified that US operations and manufacturing are normal; a current US probe focuses on a narrow subset of historic entries, and investigators found zero evidence of panel exports utilizing Chinese cells.
HDFC Bank: Independent legal review found zero evidence backing governance and ethical concerns raised by former Chairman Atanu Chakraborty. The review noted no contemporaneous proof of these issues being raised, while Mr. Chakraborty stated he did not engage with the legal firms since terms of reference were not shared with him.
Genesys International Corporation: Approved a rights issue of up to ₹1.39 billion to bolster capital.
JSW Infrastructure: Allotted 230 million equity shares at an issue price of ₹285 per share.
Knowledge Marine & Engineering Works: Approved a preferential equity issue worth ₹1.50 billion to support capital expenditures.
Sunrest Lifescience: Approved a rights issue to raise up to ₹151 million.
Suryoday Small Finance Bank: Authorized fundraising up to ₹3 billion via Tier-I Equity and up to ₹2 billion via Tier-II Debt instruments.
Godrej Industries: Deployed an additional investment of ₹3.7 billion into Godrej Investment.
ACS Technologies: Appointed an additional working capital loan of ₹40.9 million to bridge immediate liquidity requirements.
GeeCee Ventures: Sold its stake in GeeCee Business for roughly ₹15.4 million.
Bharti Airtel: Increased its direct stake in Airtel Africa by 16.3% from Indian Continent Investment Limited, shifting its total voting rights to 79.22%.
Astral: Approved a restructuring map involving the amalgamation of Al-Aziz Plastics with Astral and a demerger of its chemicals arm into Astral Che-Mie.
Accelya Solutions India: Board approved striking off its UK subsidiary, Accelya Solutions UK, to rationalize corporate layers.
Kotak Mahindra Bank: MD & CEO Ashok Vaswani informed the board he will not seek reappointment upon the conclusion of his current term. Succession planning has commenced.
Tata Communications: Clarified that data affected by the recent fire incident has been largely restored; system disruptions were temporary and did not create a material financial impact.
Zee Entertainment: Board meeting scheduled for July 1, 2026, to evaluate a fresh equity or convertible security capital-raising proposal.
Apollo Micro Systems & HILIKS Technologies: Both boards will meet to review proposals for raising fresh capital through equity/convertible security mechanisms.
Sinclairs Hotels: Discontinuing Sinclairs Udaipur operations from June 30, 2026, turning corporate focus toward West Bengal growth pipelines.
Key Appointments:
Info Edge (India): Himanshu Agarwal appointed CFO & Whole-Time Director (effective Sept 17, 2026).
Ircon International: Appointed Saleem Ahmad as CEO.
Syrma SGS Technology: Appointed Jadit Singh Brar as CEO.
Global Longlife Hospital: Dhruv Jani appointed Managing Director for 5 years.
Austere Systems: Incorporated a new wholly-owned arm, Austere Next Private Limited.
Bandhan Bank: Appointed Debasish Panda as Non-Executive Chairman. Management highlighted a strong capital adequacy position requiring no fresh capital.
Glittek Granites: Appointed Gautam Thanki as CFO.
Fractal: Brought in Leandro DalleMule as Chief Practice Officer – Financial Services & Insurance.
Large institutional blocks changed hands in yesterday's session across several prominent scripts:
