Large cap
NLC India, NALCO sign JV for 1,080 MW captive thermal plant
The 50:50 venture adds 540 MW to NLC's capacity (6.4% increase) and secures a long-term PPA with a Navratna counterparty for NALCO's expansion.
NALCO locks in captive power for its 0.5 mt smelter expansion via JV with NLC India
The 1,080 MW plant at Angul will be the sole electricity source for the growth project under a 25-year PPA. Partners will also explore renewable energy and coal supply arrangements.
JB Chemicals-Torrent merger now effective; entity dissolved
The amalgamation became effective 8 July, completing the process after NCLT clearance. The market had already anticipated this final step.
Persistent's AA+ rating on watch negative after Nagarro debt deal
ICRA warns the fully debt-funded €1.27B acquisition will push debt to 2–4.5x of operating earnings, threatening a downgrade. Persistent's zero-debt balance sheet is set to change.
JSW Infra takes over captive jetty concession from group firm
A subsidiary novates the Jatadhar Muhan jetty from JSW Utkal Steel in an internal restructuring. The Odisha government cleared the move in June 2026.
Sterlite Tech wins ICRA upgrade to AA after Rs 1,500 cr QIP
ICRA lifted Sterlite's long-term rating one notch to AA with stable outlook, citing the equity infusion that improved the balance sheet. The move covers instruments worth Rs 4,975 crore and follows a similar CRISIL outlook revision.
Uno Minda locks in anchor order for ₹320 cr seating plant
Joint venture with Japan's Tachi-S secures first customer for greenfield four-wheeler seating facility; production to begin in Q4FY28.
Uno Minda approves ₹320 cr seating plant, SOP in FY28
Greenfield facility under Tachi-S JV adds 240,000 units/year capacity but won't move the needle for a ₹65,736 cr market cap company near-term.
Swiggy's foreign holding dips below 50%, IOCC goal still has hurdles
Swiggy's aggregate foreign investment fell to 49.76% as of July 6, crossing a key threshold for its Indian Owned and Controlled Company ambitions, but management control conditions remain unmet.
Info Edge bills ₹737 cr in Q1; Shiksha slips 23%
Standalone billings rise 14.4% YoY driven by Naukri at ₹552.7 cr; education vertical Shiksha drags at ₹34.6 cr. Numbers are unaudited.
Premier Energies lands ₹3,011 cr in solar orders—38% of FY26 revenue
Q1 orders of ₹3,011 crore (38% of FY26 revenue) give Premier Energies clear visibility into FY27-28, backed by capacity ramp-up and a domestic-content mandate.
Kalyan Jewellers Q1 revenue rises 38%, decelerates from 66% in Q4
Same-store sales up 28% despite Adhik Maas; Candere revenue jumps 112%; gold recycling share hits 46% of revenue.
Government to sell 5% in Cochin Shipyard via ₹1,400 OFS
The OFS of up to 5.04% equity at ₹1,400 per share, worth ₹1,857 cr, will be held on July 7-8. No retail or employee discount is offered.
NCLT clears JB Chemicals-Torrent merger
The Ahmedabad bench sanctioned the scheme on July 6, 2026. Effective upon RoC filing, the integration can begin.
Hexaware ties up with SmartRent for AI rental-housing push
Three workstreams cover voice AI agents, bill-to-cash, and Salesforce implementation. No contract value disclosed. At ₹30,236 cr market cap, a routine deal.
Redington earns Microsoft Frontier Distributor tag, no financial impact yet
The designation within Microsoft's AI Cloud Partner Program recognizes partner enablement but carries no revenue commitments or order values. For a ₹22,390 cr company, this is a reputation boost, not an earnings driver.
UBL schedules Aug 4 board meet for Q1 results
Standard procedural notice with no preliminary numbers or guidance. Trading window closed since July 1. The actual release is the next test.
Info Edge's Naukri rolls out AI tools with 4,000+ clients, 10% paid conversion
The ₹150 crore AI budget for FY27 is a fraction of the ₹67,000 crore market cap. The real value driver remains the startup portfolio, not AI yet.
Oberoi Realty lands ₹8,109 cr in bookings on first Gurugram project
The Mumbai developer's maiden NCR launch, Three Sixty North, sold 13.52 lakh sq ft within days, exceeding expectations and equating to 11% of its market cap.
Nykaa's Q1 revenue accelerates to near 30%, fashion vertical surges mid-50s
The voluntary update shows a sharp acceleration from FY26's 26% growth, driven by Nike partnership and own-brands. Shares rose in morning trade.
Astral reviews demerger scheme 10 days after board approval
A big-four adviser will evaluate the plan within 30 days after stakeholder feedback. The future of the restructuring is uncertain.
Radico Khaitan's Magic Moments vodka sales jump 43% to 3.25M cases
The flagship brand hits a monthly run rate of 1 million cases and commands a 60% share of India's vodka market. MD Abhishek Khaitan cites premiumisation and cocktail culture as structural drivers.
Prudential to give up board seat at ICICI Prudential Life after Bharti deal
In a governance pact, Prudential Corp will abstain from voting on special resolutions and withdraw its nominee director until promoter reclassification is done.
SJVN commissions 1,000 MW Bikaner solar plant, PM Modi inaugurates
India's largest single-location DCR solar plant adds nearly 25% to SJVN's capacity. ₹5,492 cr investment expected to generate 2,454.84 mn units in year one, supplying three states.
Karur Vysya Bank loans up 17%, deposits up 15% in June quarter
Provisional business update shows CASA deposits up 15% YoY; sequential momentum of 6-8% across all metrics.