Mega cap
Fitch lifts JSW Steel rating, opens door to investment grade
Proceeds from the ₹37,300 crore JV asset sale brought debt-to-EBITDA below 2.7x. A sustainable sub-2.0x could trigger a second upgrade to BBB-.
Adani Enterprises breaks ground on ₹2,500 cr missile plant in MP
The facility will produce composite propellants and TNT, enabling DRDO missile serial production. But at 0.6% of market cap, the investment is a drop in the ocean for the conglomerate.
CG Power's OSAT JV begins commercial chip production in Gujarat
G1 facility in Sanand can produce up to **300 million chips per year**; total five-year investment of **₹7,600 crore** for two OSAT plants.
Kotak Mahindra Bank net advances at ₹5,12,171 cr, CASA slips 6.7% QoQ
CASA decline flags potential margin pressure despite 15.1% YoY loan growth, partly boosted by the Deutsche Bank acquisition.
Coal India's renewable pivot begins with a ₹10 lakh JV in UP
The coal giant signed a JV with UPRVUNL for solar, wind, and pumped storage projects. But the initial paid-up capital is just ₹10 lakh, a rounding error against quarterly net profit of ₹10,792 crore.
Godrej Consumer Q1 growth hits high-teens, beats full-year target
High-teens consolidated revenue in Q1 FY27, broad-based across India, Indonesia, and Africa. Input costs easing; margin recovery on track.
JSW Steel breaks ground on ₹16,350 cr Andhra plant
The integrated steel project in Rayalaseema will add 2 MTPA capacity in two phases, with the first ₹4,500 cr phase already underway. The plant will use EAF technology for low-carbon steel.
Zydus and Apollo bring Guardant's multi-cancer blood test to India
The Shield test, already exclusive to Zydus, will now screen across Apollo's network. No financial terms disclosed.
Vedanta locks 50.1% of HZL stake for FACOR loan covenant
A fresh encumbrance through a maintenance covenant partly reverses last week's pledge release, but the loan is modest and liquidation risk low.
Nestlé India confirms ₹2 special dividend, a modest 0.14% of market cap
The board declared a ₹2/share special dividend totaling ₹385.7 cr, as anticipated after the June 19 board meeting notice. Payout is small given its ₹2,80,261 cr market cap.
HCLTech lands $1.14B AI deal with Fortune 50 firm
The net new contract runs from 2026 to 2031, but at roughly 1.4% of annual revenue, it won't materially move the needle for the $14.7B IT services giant.
Union Bank deposits lag loans; CD ratio jumps 714 bps in Q1
Gross advances rose 12.5% while deposits grew only 3.5%, pushing the credit-to-deposit ratio to 83.4% from a year earlier.
Bajaj Finance AUM jumps 24% to ₹5,46,900 cr in Q1
First operational snapshot for Q1FY27 shows customer growth of 16.8% and loan bookings up 20%; AUM addition of ₹36,900 cr is 5.84% of market cap.
Maruti's Kharkhoda mega-plant goes live; 1M unit capacity in sight
India's and Japan's PMs jointly inaugurate the 800-acre facility. At full scale, the ₹35,000-cr plant will nearly double Maruti's current capacity and anchor its 4-million-unit target.
Adani Enterprises opens QIP, sets floor at ₹3,034.68
A routine step after board and shareholder approval. The size remains undisclosed, leaving dilution and proceeds uncertain.
Adani Enterprises inks MoU for $11.5 bn Odisha aluminium behemoth
50:50 JV with Abu Dhabi's IRH targets 4 MT alumina refinery, 2 MT smelter, 4 GW captive power. Non-binding, but the scale is staggering.
Marico's Q1 volume growth hits double digits, highest in quarters
Domestic volume accelerates; consolidated revenue seen rising in early twenties. Copra cost tailwind helps margins, but Saffola Oils volume dips amid supply rationalisation.
LG Electronics India wins GST case, ₹116.72 cr demand quashed
GST authority drops ₹116.72 crore demand (₹58.36 cr tax + ₹58.36 cr penalty) for excess ITC in FY21-22. Order dated July 1, 2026 removes a minor overhang for the large-cap firm.
Bank of Baroda pays $600M to settle NMC Health dispute
An out-of-court settlement ends a cross-border insolvency trial that began in March 2026. The bank avoids prolonged litigation uncertainty at a cost of over 4% of market cap.
Lupin's Somerset plant gets FDA's cleanest inspection verdict
US FDA issues EIR with VAI classification for Lupin's New Jersey facility after April inspection, confirming no objectionable conditions. Analyst says outcome is routine for the ₹1 lakh cr pharma major.
Indian Bank total business rises 13.6% in Q1, CASA stable
Deposits grew 13.3% and advances 13.9% year-on-year; CASA ratio held at 39.64%.
Coal India's ₹2,831 cr solar win – a 2% revenue blip
Coal India's first major solar project at Jalaun Solar Park will supply power at ₹2.73/unit. For a company of this size, it's a rounding error.
Lupin wins wider European label for rare-disease drug NaMuscla
EMA approves NaMuscla for pediatric use and adds lower-dose capsules. The drug treats myotonia in a disease affecting only one in every 100,000 people, a niche win for a ₹1-lakh-cr pharma.
Adani Energy Solutions plans ₹10,000 cr QIP, seeks shareholder nod
The board approved a QIP of up to ₹10,000 crore, about 5.6% of its market cap, potentially diluting existing holders. Shareholders vote on July 25.
Marico's lead independent director retires, board fills gaps
Milind Barve cites persistent health issues for retirement effective August 1, 2026. Succession is immediate and orderly with Girish Paranjpe and Apurva Purohit taking over committee chairs.