📍 IPO/LISTING

• HDB Financial Services: The non-banking financial arm of HDFC Bank, HDB Financial Services, made a strong debut on the stock exchanges, listing at ₹835 on both BSE and NSE. This reflects a 12.84% premium over its issue price of ₹740. The company's IPO was significantly oversubscribed, reaching 16.69 times.
• Travel Food Services (TFS): SSP Group's joint venture in India, Travel Food Services, filed its Red Herring Prospectus for an initial public offering. The IPO offer is scheduled to open on July 7, 2025, and close on July 9, 2025, with a price band set between ₹1,045 and ₹1,100 per share.
• Neetu Yoshi IPO: The share allotment for the Neetu Yoshi IPO is scheduled to be finalized on July 2, 2025, following substantial investor interest.

📍 REGULATORY APPROVAL

• Lupin: The pharmaceutical company announced it has received USFDA approval for its abbreviated new drug application (ANDA) for loteprednol etabonate ophthalmic gel, 0.38%.

📍 ORDER WIN

• Ceigall India: The company secured a significant order worth ₹1,199 crore from the National Highways Authority of India (NHAI).
• RITES: Received an export order valued at $3.6 million from an African Rail Company for the supply of two fully overhauled ALCO locomotives.
• NIBE: Secured a purchase order worth ₹22.7 crore for the supply of turret structure assemblies.

📍 ACQUISITION

• Adani Enterprises: Its subsidiary, Adani Defence Systems and Technologies, completed the acquisition of an 85.1% stake in Air Works India (Engineering) for ₹400 crore on July 1.
• Nazara Technologies: AFK Gaming has become a wholly owned subsidiary of Nodwin, and subsequently a step-down subsidiary of Nazara Technologies.
• PDS: An arm of PDS entered into a share subscription agreement to acquire a 60% equity stake in GSC Link.

📍 CORPORATE ACTION

• JSW Energy: A step-down subsidiary, JSW Renew Energy, entered into a battery energy storage purchase agreement (BESPA) with Rajasthan Vidyut Utpadan Nigam for a 250 MW/500 MWh standalone battery energy storage system.
• REC: Incorporated SR WR Power Transmission as a wholly owned subsidiary, aimed at strengthening inter-regional grid connectivity.
• Godrej Properties: Sold a 2.5% stake in Vivrut Developers Private Limited to Godrej Ventures & Investment Advisers Private for ₹8.6 crore.
• Avadh Sugar: Declared a final dividend of ₹10 per equity share.
• Gyscoal Alloys Limited: The company's Committee of Directors approved the allotment of 78 lakh equity shares on a preferential basis at ₹4.71/- per share.

📍 FINANCIAL PERFORMANCE/OPERATIONAL UPDATES

• Tamilnad Mercantile Bank: Reported total deposits of ₹53,803 crore in June 2025, an increase from ₹49,188 crore in June 2024. Gross advances also rose to ₹45,120 crore from ₹40,853 crore in the previous year.
• CreditAccess Grameen: Successfully raised ₹2,570.1 crore during the June quarter through various instruments including term loans, ECBs, cash credits, and direct assignments.
• MOIL: Increased prices for most manganese ore grades and all chemical grades by 2% as of July 1, 2025.
• Satin Creditcare: Infomerics Ratings assigned an IVR A/Stable rating to its proposed ₹750 crore NCDs. Additionally, the company approved the issuance of NCDs worth ₹44.1 crore.
• South Indian Bank: Reported an 8% year-on-year increase in gross advances to ₹89,201 crore in June, while deposits grew 9% to ₹1.12 lakh crore. CASA also rose 9% to ₹36,204 crore, maintaining a CASA ratio of 32.06%.
• Hero MotoCorp: Reported a 10% year-on-year rise in total sales for June, reaching 5.54 lakh units, with exports surging by 140%.
• Maruti Suzuki: Experienced a 6.3% decline in June sales, with domestic sales down 12.2%. SUVs accounted for 67.6% of the company's total domestic sales in June 2025.
• V-Mart Retail: Posted a 12.6% increase in total revenue from operations for the first quarter, reaching ₹885 crore, alongside a 1% same-store-sales growth. The company opened 15 new showrooms in June.
• Cantabil Retail: Opened three new showrooms in June, bringing its total showroom count to 607.

📍 LEGAL/REGULATORY

• Asian Paints: The Competition Commission of India (CCI) has ordered a probe into allegations of abuse of dominant position by Asian Paints, following a complaint from Grasim Industries.
• HEG: Received a show cause notice from the Bhopal Tax Authority for a GST demand and recovery of IGST refunds for the financial year 2018–19, totaling ₹282.34 crore.
• Supriya Lifesciences: Received a demand notice of ₹60.4 crore, including tax and penalty, from the Mumbai Commissioner's Office.
• SBI Cards: Received a show cause notice from the CGST Gurugram proposing to disallow input tax credit (ITC) amounting to ₹81.93 crore.

📍 MARKET MOVERS

• Tata Communications: The stock jumped over 5% ahead of its Q1 FY26 results announcement scheduled for July 17.
• HDFC Bank, Larsen & Toubro, Reliance Industries: These companies were among the major laggards that dragged down benchmark indices.
• Tata Steel, Asian Paints, UltraTech Cement, Trent: These stocks were among the biggest gainers on a day when the broader market saw declines.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News