🇮🇳 India Daybook: TCS Kicks Off Q1 Earnings, Inox India Bags ₹939 Cr Order

📍 EARNINGS TODAY

• Tata Consultancy Services (TCS): The IT giant is set to report its June-quarter results today, marking the official commencement of the Q1 FY27 earnings season. Investors will closely monitor management commentary on discretionary spending and AI-led deal pipelines.

📍 ORDER WIN

• Inox India: The company has secured multiple orders worth ₹939 crore for cryogenic technology solutions. This significantly boosts its order book, which stood at ₹1,514 crore at the end of the previous fiscal year.
• Premier Energies: The solar firm has bagged major new orders for solar modules and cells, strengthening its position in the renewable energy sector.

📍 IPO UPDATE

• SBI Funds Management (SBIFM): The joint venture between SBI and Amundi has filed its Red Herring Prospectus. The IPO is set to open on July 14 with a price band fixed at ₹545 to ₹574 per share. The offer is entirely an Offer for Sale (OFS) of up to 10% of outstanding shares.

📍 DIVIDEND

• Titan Company: Today, July 9, is the record date for the final dividend of ₹15 per equity share. Investors who held the stock as of the market close yesterday will be eligible for the payout.
• Ingersoll-Rand (India): The stock is in focus as it approaches its ex-dividend date for a ₹20 per share payout.

📍 REGULATORY & PHARMA

• Alembic Pharmaceuticals: The company received final USFDA approval for generic Dapsone gel, used for treating acne.
• Lupin: Secured tentative USFDA approval for generic enzalutamide tablets, a treatment for prostate cancer.
• BSE T2T Shift: 22 securities, including Indag Rubber and Bhilwara Technical Textiles, have been moved to the Trade-for-Trade (T2T) segment effective today to curb speculative trading.

📍 FUNDRAISING

• RCF (Rashtriya Chemicals and Fertilizers): The company has announced plans for equity expansion through a Follow-on Public Offer (FPO) to fund its upcoming expansion projects.

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