🇮🇳 India Daybook: Jio Platforms Files for Landmark IPO; Kalpataru & Suzlon Bag Mega Orders

📍 IPO & LISTING

• Jio Platforms (Reliance Industries): The company has officially filed its Draft Red Herring Prospectus (DRHP) for a $4 billion (approx. ₹33,000 crore) IPO, internally code-named "Project Jupiter." The issue is structured as a completely fresh offering of 27 crore shares, aimed at funding aggressive AI and data center expansions.
• Knack Packaging: The company’s ₹439.50 crore Initial Public Offering opens for subscription today, July 1. The price band has been fixed at ₹161–₹170 per share.

📍 ORDER WIN

• Kalpataru Projects International: The company secured new orders worth ₹2,957 crore across its Transmission & Distribution (T&D) and residential building segments in domestic and international markets.
• Transformers and Rectifiers (India): Announced bagging a massive order worth over ₹1,000 crore for the supply of transformers.
• Suzlon Energy: The renewable energy major has secured a new 105 MW wind power project order, continuing its momentum in the green energy space.
• RFBL Flexi Pack: Secured a new order worth ₹20 crore for flexible packaging solutions.

📍 AUTO SALES (JUNE 2026)

• TVS Motor Company: Reported a robust 30% YoY growth in June sales, totaling 5.21 lakh units, driven by strong demand in the premium motorcycle segment.
• Eicher Motors (Royal Enfield): Sales climbed 21% YoY to 1.08 lakh units, significantly outperforming broader industry estimates.
• Tata Motors: Passenger vehicle (PV) sales reached 59,000 units, marking a 58% YoY jump, largely supported by a low base from the previous year and strong EV traction.
• Bajaj Auto: Domestic and export sales combined stood at 4.48 lakh units for the month of June.

📍 CORPORATE ACTION

• Bajaj Auto: The company’s share buyback program opens today, July 1, and will remain open until July 7.
• DCM Shriram Fine Chemicals: The stock will trade ex-dividend today for its final dividend of ₹0.40 per share.
• NTPC: The company announced that its Ramagundam Floating Solar Project has become fully operational, adding to its green energy capacity.

📍 MANAGEMENT CHANGE

• Voltas: Noel Tata has stepped down as the Chairman of the company effective today.
• HDFC Bank: The bank has named Puneet Sharma as Chief Financial Officer-Designate and Jigar Shah as General Counsel-Designate as part of a senior leadership transition.

📍 INVESTMENT & STRATEGIC MOVE

• Tata Communications: The board has approved a fresh investment of $152 million to expand its global data center footprint and subsea cable capacity.
• Bank of Baroda: Entered into a strategic partnership with Japan's Mizuho Bank to enhance corporate banking services for Japanese companies operating in India.
• UTI Asset Management Company: Acquired a strategic stake in Multi Commodity Exchange (MCX) through open market transactions.

📍 REGULATORY IMPACT

• HDFC Bank & SBI Card: New credit card regulations come into effect today. HDFC Bank now requires a minimum quarterly spend of ₹60,000 for domestic lounge access.
• Banking Sector: The RBI’s stricter anti-mis-selling framework becomes effective today, July 1, mandating full refunds and compensation for customers sold unsuitable financial products.

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