Stocks to Watch: ONGC, Lupin, BHEL and More
The early indicator, Nifty Futures on Singapore exchange climb around 50 points to 8,346. Asian markets bounce back after upbeat U.S. economic data offset the disappointment of losses in European equities and helped U.S. stocks to close Wednesday with gains.
Here are all the stocks to watch
FIPB Rejects Reliance Communications, Star Den's Proposal (Read Here)
Corporate Announcements
- Power Finance Corp: Transfer of wholly owned subsidiary of PFC Consulting
- 3i Infotech: To issue new FCCBs of up to $52 million to existing bondholders
- Kajaria Ceramics: Board meet on July 11 to consider merger of Kajaria Securities
- Sobha: Sales fall 3.5 percent to Rs 513.1 crore; new sales fell 3.8 percent to 809,249 square feet
- Claris Lifesciences: Gets ANDA approval for Tobramycin Injection
- Fiem Industries: Gets orders worth Rs 12.31 crore
- Asian Oilfield: Oilmax Energy makes open offer for 26 percent at Rs 32.4 a share
- Axis Bank: Government approves higher foreign investment limit
- Camlin Fine: To raise Rs 55.68 crore via QIP issue; to allot shares at Rs 85.4 each
- Educomp Solutions: Says unit completed sale of its land and building
- Fiem Industries: Gets letter of intent for Rs 12.32 crore LED bulb order
- Insecticides India: Pact with Momentive Performance
- ITD Cementation: Says JV gets letter of acceptance from Mumbai Metro for contract valued at Rs 2,830 crore
- J. Kumar Infra: JV with CRTG wins Rs 5010 crore Mumbai Metro work order letter of acceptance
- Larsen & Toubro: NHAI awards Rs 895 crore highway work project to company
- NBCC India: Says won Rs 587 crore of contracts in June
- Reliance Industries: Unit Reliance Jio to raise up to Rs 2,000 crore via debentures sale
- Shipping Corp: To resume sailing to Iran in July post sanctions, CMD says
- Somany Ceramics: To issue Rs 25 crore of commercial paper
- Tata Teleservices: Approves issue of redeemable preference shares of Rs 3000 crore.
Did you know? Modi Focus on Railways, Housing Set to Double India Steel Demand
Media Reports
- Indigo, Jet, Spicejet: India flies 81 million passengers in 2015, a growth of 20 percent from 2014 (Business Standard)
- OIL-IOC deal to acquire 23.9 percent stake in Russia's Vankor oilfield spoils ONGC Videsh's deal negotiations (Business Standard)
- SBI Capital Markets: Invites valuers for merger of associates, Bharat Mahila Bank (Business Standard)
- Lupin, Dr Reddy's recall 1.7 lakh bottles of tablets in US (Mint)
- Lafarge India bidders in London for final negotiation (Business Standard)
- BHEL: India Ratings places BHEL's ‘AAA' rating on Watch Negative
- Coffee Day Enterprise, Tata Global Beverages: Coffee chains brew survival strategies (Financial Express)
- JSPL: Odisha extends validity of 13 mining leases (Financial Express)
- Petronet LNG: Plans Rs 5000 crore terminal in Bangladesh (Financial Express)
- IIFL Holdings: To raise Rs 2,000 crore to shore long-term capital (Financial Express)
- Bharat Financial Inclusion (erstwhile SKS Microfinance): May raise Rs 10,000 crore in FY17 to meet credit demand (Financial Express)
- Mahindra & Mahindra: Re-strategising its two-wheeler business (Financial Express)
- Shoppers Stop: As online discounts fall, malls see high footfalls (Financial Express)
- Coal India: Goes for slow output growth to clear stock (Financial Express)
- Hindalco, NALCO: Ministry seeks higher import duty on aluminium products (Business Line)
- Reliance Capital AMC: To raise Rs 1,000 crore to invest in real estate projects. (Economic Times)
- Reliance Industries: Seeks government's permission to sell subsidised cooking gas (Economic Times)
- SAIL sets sales target of 17 million tonnes for present fiscal (Economic Times)
- JSW Energy: Receives Competition Commission of India's approval to acquire 1,000 MW power plant from JSPL (PTI)
Postal Ballot
Grindwell Norton
- To increase authorised share capital to Rs 56 crore fromRs 28 crore.
- To issue bonus share in 1:1 ratio.
GVK Power & Infrastructure
- To increase the limit of inter-corporate transactions toRs 15,000 crore from Rs10,000 crore.
Novartis India
- To buy back 38,00,000 shares for Rs 760 each.
Earnings to Watch
Zee Learn Q1
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Unhedged Position: Can India See An Indonesia-Style Time Correction?
The Nifty is trading below levels it first clocked in 2024. Is there, then, as I have suggested in the headline, potential that the current time correction drags on painfully for the next three-five, even ten years?
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Navigating Friction And Energy Realities: An Analysis Of Marco Rubio's October Visit To India
Occurring at a critical juncture marked by stalled trade negotiations and escalating geopolitical pressures over global energy supplies, the visit offers a profound window into modern US-India relations.
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India Exports Capital. Why Not Export Trusteeship?
The big question, then, is whether India can build an institution that global borrowers, investors, banks, and lawyers can trust, even without an Indian connection.
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France's Economy & Politics Are In Crisis | The Reason Why
Let's look at how the French economy and politics evolved under Nicolas Sarkozy, Franois Hollande and Emmanuel Macron.
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You May Inherit The Business. You Must Earn Its Credibility.
Succession tests the founder's ability to share authority as much as it tests the next generation's readiness to assume it.
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Signing Deals Is One Thing; Making Them Work Is Another | The Week In Whys
Sometimes, things don't turn out as planned. Indian companies have lost some bids to rivals, some projects won't produce until 2030.
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FOMC Wall, PERM Suspension, Hospital Stocks | Talking Points This Week
A PERM suspension would directly affect green-card sponsorship rather than H-1B visas, so the near-term earnings impact could remain relatively limited. The key question is whether this marks a new phase in US scrutiny of Indian IT.
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Everything, Everywhere, All At Once: Dalal Street's Week To Forget | Joining The Dots
Visa curbs, a Starlink spat and cancer drug caps: what connects this week's shocks for Indian markets
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India Is Going Abroad For Critical Minerals. But It May Take Years To Pay Off | The Reason Why
Although India's steps are in the right direction, they remain modest compared with India's growing dependence.
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When Everyone Has AI, What Gives You An Edge?
India's young workforce is entering an uncertain world of work where powerful AI tools are becoming widely accessible. The advantage will belong to those who combine deep expertise with digital fluency, and the distinctly human capabilities that technology cannot manufacture.
