🇮🇳 India Daybook ~ Stocks in News

Positive Buzz

• ICICI Bank: The private lender has received RBI approval to increase its stake in ICICI Prudential Life Insurance by an additional 2%, further consolidating its insurance business.
• Bharti Airtel: S&P Global Ratings has upgraded the company’s long-term issuer credit rating to ‘BBB+’ from ‘BBB’, citing strong earnings growth and debt reduction.
• Tata Power: The company’s Mundra plant operations have received an extension approval, providing long-term clarity on its power generation capacity.
• NLC India: Its subsidiary has signed a joint venture agreement with OREDA to develop 1,000 MW of green energy projects in Odisha.
• Lupin & Wockhardt: Both pharma companies received USFDA nods; Lupin for Sodium Sulfate tablets and Wockhardt for its novel antibiotic Zaynich.
• Rashi Peripherals: The company announced the acquisition of a 67% stake in VDA Infosolutions for ₹3.68 billion to expand into enterprise technology services.
• Jubilant Pharmova: The Income Tax Department has significantly reduced a tax demand on its subsidiary from ₹108 crore to ₹42 crore.
• PNC Infratech: Secured an EPC contract worth ₹302.44 crore from the Airports Authority of India.

Neutral Developments

• Reliance Industries / NLC India: Both entities are exploring a joint venture for an underground lignite gasification project in Gujarat.
• Trent: Chairman Noel Tata reiterated the company’s ambitious goal to grow revenues tenfold, maintaining a strong long-term growth outlook.
• Greaves Cotton: The company has incorporated a new wholly-owned subsidiary in the UAE to strengthen its international distribution and supply chain.
• Saregama India: The board has approved the appointment of Abhishek Kapoor as the new Chief Financial Officer, effective July 15, 2026.
• Ex-Dividend Today: Several stocks including IndusInd Bank, LIC, Allied Blenders, and Dr. Lal PathLabs will trade ex-dividend today.

Negative News

• LIC of India: The state-owned insurer announced the unexpected resignation of its CFO, Sunil Agarwal, who is stepping down to pursue other opportunities.
• Suzlon Energy: The company plans to move the Securities Appellate Tribunal (SAT) to challenge a ₹28.95 crore penalty imposed by SEBI regarding financial misstatements.
• Eternal (Blinkit): The FSSAI has reportedly sought an explanation from the quick-commerce platform following consumer complaints regarding food safety.
• PB Fintech: Founders Yashish Dahiya and Alok Bansal offloaded shares worth ₹665 crore via block deals on Wednesday.

TAGS: Stocks in News, Stock Market, Buzzing Stocks, Nifty, Sensex

Tags: Stocks in News Stock Market Buzzing Stocks Nifty Sensex