Large cap
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.
India Ratings lifts Kalpataru Projects to IND AA+
A one-notch upgrade on long-term debt and bank facilities, with short-term affirmed at A1+. The move may marginally lower borrowing costs but is largely a routine affirmation of KPIL's healthy credit profile.
Prestige Estates buys 50% stake in ₹4,500 cr Mumbai commercial project
The deal adds 1.5 msf of leasable space in Sahar-Andheri. Prestige's share of GDV is about 17% of its FY26 annual revenue.
CreditAccess Grameen's loan book crosses ₹30,300 cr as asset quality firms
Disbursements hit a Q1 record of ₹6,107 cr. PAR 90+ drops to 1.5% from 2.3% in March. Retail finance share rises to 21% from 7% a year ago.
IndusInd Bank deposits rise 4.5% YoY, CASA ratio slides
June quarter provisional data shows sequential recovery but deposit mix shifts. Retail deposits grow, yet low-cost CASA ratio falls to 29.5% from 31.5% a year ago. Within market expectations.
Sterlite wins patent fight over Celesta cables
European Patent Office revokes Fujikura's patent in non-appealable decision, ending UK infringement case. Sterlite now seeks legal cost recovery.
AWL Agri's non-oil arms drive growth in June quarter
Food & FMCG revenue jumps over 20%, rice sales up 40%; quick commerce revenue hits ₹5,600 cr run rate.
Dabur flags double-digit Q1 revenue growth, price actions cushion inflation
Voluntary update ahead of July 29 results: India FMCG near double-digit, international high-teens, PAT also seen double-digit as price actions offset input costs.
NTPC Green pivots to bilateral solar sales with 1,200 MW PTC deal
NTPC Renewable Energy inks a 1,200 MW solar PPA with PTC India, roughly 11% of NGEL's operational capacity, marking a shift from regulated/competitive bidding to bilateral merchant sales.
Rubicon's Pithampur plant gets two minor FDA observations in first audit
The US FDA inspected the acquired site for the first time, issuing a Form 483 with two procedural observations unrelated to data integrity. Management reaffirms commercial ramp-up on track for Q1 CY2027.
Fortis Healthcare enters Odisha with asset-light hospital deal
The 300-bed O&M pact with Dion Group adds a greenfield presence in Cuttack, but for a ₹74,212 crore operator, it's one bed in a much larger portfolio.
RBL Bank lets deposits shrink 10%, CASA ratio slips below 30%
A deliberate wholesale deposit runoff after the ₹26,016 cr Emirates NBD capital infusion lowered total deposits to ₹124,813 cr, but the 22% QoQ CASA slump pushed the ratio to 29.2%, potentially squeezing NIMs.
HUDCO signs second ₹1 lakh crore MoU in a month, this time with Bihar
The non-binding framework with Bihar mirrors the Gujarat accord signed in June. At 240% of HUDCO's market cap, the pipeline is massive, but execution risk is high.
IDBI Bank advances surge 22% in Q1, but deposit growth lags
Advances up 22% YoY to ₹2,59,025 crore, deposits up 10%. Total business hits ₹5,84,418 crore. The gap between loan and deposit growth widens.
IDFC First Bank CASA crosses 50%, loans up 5.2% QoQ
Provisional Q1 figures show deposits rising 5.9% QoQ and CASA ratio improving to 50.8%. Asset quality continues to improve, the bank says, but without quantified detail.
Persistent confirms Nagarro debt-funded, $650M deal is net-new
Transcript of June 28 call reiterates the €1.27B acquisition is fully debt-financed via Barclays, adds to earnings from year one, and the mega contract is new business with employee transfers.
Ajanta Pharma promoters pledge 13.5% equity to back ₹3,873 cr outside debt
Three promoter entities have encumbered all their holdings, securing debentures of two unrelated private companies. The full scale and purpose are revealed for the first time, raising invocation risk for shareholders.
Ajanta Pharma promoter pledges 10.06 lakh shares; encumbered stake at 10.83%
The incremental 0.80% of equity is below the materiality threshold, but it adds to a flurry of promoter actions in June. Loan terms undisclosed.
IIFL Finance prices $300M in 7.6% notes, second offshore bond in two months
The NBFC raised $300 million at 7.60% coupon under its $1.5B GMTN programme, equivalent to ₹2,460 crore or 11% of market cap. S&P and Fitch rate the notes B+; Moody's rates Ba3.
IndusInd Bank promoter shift leaves one entity fully pledged
IndusInd Limited's entire 5.04% stake is now encumbered after a pledge restructuring that leaves total promoter encumbrance unchanged at 6.45% but concentrates risk in one entity.
Capri Global Capital wins AA+ rating upgrade from Acuité
One-notch upgrade covers ₹13,400 cr of debt facilities but is an incremental move unlikely to move the stock on its own.
Central Bank of India advances jump 28.77% in Q1 FY27
Total business rises 18.36% to ₹8,33,840 crore; CASA ratio slips 27 bps but remains above 46%. The bank's IFSC Banking Unit books ₹473 crore in overseas advances.
HTL's rating upgrade is positive, but small for HFCL
CARE upgrades HTL's long-term facilities to A (CE) with positive outlook. The ₹595 crore banking facilities are modest relative to HFCL's ₹32,908 crore market cap.