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Hitachi Energy India has approved an additional ₹2,000 crore for a Karjan, Vadodara transformer plant, taking cumulative capex to ₹4,000 crore amid strong orders and demand.
Nuclear-linked stocks rose after the finance ministry waived customs duty on specified nuclear power imports retrospectively from April 2019 to January 2026, easing potential tax demands.
HDFC Bank told exchanges the ₹45 crore differential-interest matter flagged in reports is not material, but investors are tracking governance and audit findings closely.
Sensex and Nifty rose over 1% in early trade as crude eased and global cues improved, with midcaps, smallcaps and market breadth firmly positive.
India may allow its fiscal deficit to widen to 4.8% of GDP from a 4.3% target as the Iran conflict lifts energy subsidy costs, Bloomberg reported.
Equitas SFB shares rose sharply after an analyst meet and a Q4FY26 profit jump, with brokerages highlighting improving asset quality, steady growth guidance and valuation comfort.
Bosch Ltd shares rose up to 5% after UBS upgraded the stock to Buy and raised its target to Rs 45,530, citing portfolio changes and chassis acquisition.
SBI shares are in focus after Jefferies reiterated a Buy call and lifted its target price to ₹1,300, citing loan repricing, improving deposits and resilient profitability metrics.
Hitachi Energy India approved an additional ₹2,000 crore investment for a greenfield transformer plant in Karjan, Vadodara, taking cumulative capex to nearly ₹4,000 crore by 2028.
Cyient has set June 17, 2026 as the record date for its ₹7,200 million tender-offer buyback of 64,00,000 shares at ₹1,125 per share.
Vedanta shares rose over 3% as exchanges prepared to list four demerged businesses on June 15, with shareholders set to receive 1:1 shares across new entities.
Cipla promoters Samina and Rumana Hamied exited by selling 1.39 crore shares, a 1.72% stake, in transactions valued at about ₹2,111 crore.
India may let FY27’s fiscal deficit widen to 4.8% of GDP from a 4.3% target as the Iran war lifts oil-linked subsidies and strains finances.
MTAR Technologies said Bloom Energy developments have not affected due diligence, even as the stock fell nearly 10%, while management raised FY27 growth guidance and reiterated order visibility.
Hexaware said a US court dismissed Natsoft and Updraft’s patent claims covering nine patents, trimming a $500 million risk and leaving no material operational impact.
AMFI’s May 2026 data shows equity mutual fund inflows fell to ₹22,907.77 crore, while debt funds saw ₹96,948.51 crore outflows and Gold ETFs turned negative.