Moneylife’s market breadth indicators have turned choppy, oscillating sharply across phases over the past five sessions. The week began in neutral territory, briefly shifted into emerging strength, slipped back into neutral for two consecutive sessions and then rebounded into bullish territory. This erratic pattern reflects a market struggling to find conviction. Breadth is unable to consolidate into a sustained phase, instead swinging between strength and hesitation. The trends of the major indices in the course of the week's trading are given in the table below:
News
The central bureau of investigation (CBI) filed two charge-sheets related to alleged fund misappropriation in Haryana government and Chandigarh Smart City Limited (CSCL) cases. The Haryana case, filed in Panchkula court, names two additional private individuals and follows earlier charges against 15 accused, including officials and bankers. The Chandigarh case charge-sheet includes seven accused, such as bank and CSCL officials. Charges include conspiracy, breach of trust, forgery, cheating and corruption.
AXISCADES Technologies Limited announced the divestment of its Aerospace Engineering Services to Akkodis, shifting focus towards proprietary products and IP (intellectual property) manufacturing. Akkodis will acquire 51% initially and the remaining 49% within 24-30 months, pending regulatory approvals, with the first tranche closing in Q3FY26-27. The move supports AXISCADES’ Power 930 growth plan targeting ₹9,000 crore revenue by FY29-30. Proceeds will fund aerospace capacity expansion, a new space division and strategic acquisitions.
Hitachi Energy will invest ₹2,000 crore to build a large power transformer factory in Karjan (Vadodara), supporting India’s ‘Make in Indi’ initiative. The new facility, expected by FY27-28, will complement existing Gujarat operations and produce transformers for high-voltage transmission, HVDC (high-voltage direct current), power generation, artificial intelligence(AI) data centres and industrial use. This expansion aims to meet growing electricity demand and strengthen local manufacturing and job creation.
Hexaware Technologies secured a legal win as the US district court for Northern Illinois dismissed US$500mn (million) patent infringement claims by Natsoft Corporation and Updraft LLC. The court ruled that the patents were too abstract for protection and declined jurisdiction over related state law claims. This dismissal removes significant litigation risk for Hexaware. The decision was delivered on 9 June 2026.
Bharti Airtel deployed over 2,900 new 5G sites across 77 districts in upper north India, covering Punjab, Haryana, Himachal Pradesh and Jammu & Kashmir. This expansion benefits 28.6mn customers, enhancing speed, coverage and reliability in urban and rural areas. The rollout supports seamless streaming, fast downloads, remote work and digital payments. With over eight sites activated daily, Airtel is strengthening its 5G network footprint in the region.
The US department of defense has designated WuXiAppTec as a Chinese military company under Section 1260H of the National Defense Authorization Act (NDAA), restricting its operations in the United States. WuXiAppTec, headquartered in China, is one of the world’s largest contract research, development, and manufacturing organisations (CRDMOs), with significant capacity in glucagon-like peptide-1 (GLP-1_ peptide manufacturing (~100 kilolitres solid phase peptide synthesiser capacity). It has been a key partner for Eli Lilly’s tirzepatidea blockbuster diabetes and obesity drug. Analysts expect the move to help Indian CDMO companies.
Lupin announced a strategic collaboration with LABORATORIOS ERN SA to launch Luforbec® (beclometasone/formoterol) 100/6pMDI in Spain, indicated for adult asthma and chronic obstructive pulmonary disease (COPD). The partnership combines Lupin’s respiratory expertise and pMDI manufacturing with ERN’s commercial presence in Spain, aiming to improve access to advanced therapies.
Smartworks Coworking Spaces (-0.39%), India’s largest managed office platform, has leased 400+ seats to a Japanese non-banking finance company (NBFC) subsidiary in Mumbai under a five-year agreement, expected to generate ₹35 crore rental revenue. Clients with 300+ seats contribute nearly 69% of rental revenue with an average tenure of 47 months, reflecting strong enterprise stickiness.
SMP Automotive Interiors (Beijing) Co Ltd, an indirect wholly-owned subsidiary of SamvardhanaMotherson International has been penalised by the customs of Yizhuang Town, Daxing District, Beijing. The penalty, dated 5 June 2026 and received on 8 June 2026, amounts to Chinese Yuan (CNY)188,537 (₹26,58,093). The fine was imposed for an alleged wrongful declaration of delivery terms, where goods were declared as ex-works (EXW) instead of free on board (FoB).
Jindal Poly Films disclosed that the Supreme Court of India has set aside earlier orders of the national company law tribunal (NCLT) (5 February 2026) and the national company law appellate tribunal (NCLAT) (26 February 2026) in its dispute with Monet Securities Pvt Ltd and others. The apex court, in its 8 June 2026 ruling, has referred the matter to a sole arbitrator, as per SEBI LODR Regulation 30 disclosure. This nullifies prior rulings on case maintainability before NCLT.
RateGain Travel Technologies announced a strategic partnership with ZentrumHub to simplify hotel distribution and reduce integration complexity in the travel ecosystem. The collaboration will merge RateGain’s smart distribution platform with ZentrumHub’s connectivity infrastructure, creating a unified framework for hotels, travel sellers and distribution partners. This integration is designed to address challenges of fragmented travel distribution, such as multiple integrations and disconnected on-boarding processes.
Fino Payments Bank reported strong growth in loan referral disbursals which surged to ₹210 crore in May 2026, marking 186% year-on-year (y-o-y) increase. This underscores its focus on building loan assets through the referral business. On the liabilities side, the Bank opened 290,000 new deposit accounts (+29% y-o-y), while average deposits rose 10% to ₹2,762 crore, reflecting robust mobilisation. Digital engagement also improved, with digitally active customers up 19% to 6.26mn and FinoPay active users rising 22% to 720,000. However, transaction throughput fell sharply to ₹2,546 crore (48% y-o-y), attributed to an ecosystem shift from cash to united payments interface (UPI) transactions and a focus on higher quality merchants.
Wanbury Limited's active pharmaceutical ingredient (API) manufacturing unit in Tanuku cleared Australia's therapeutic goods administration inspection, earning good manufacturing practices (GMP) certification to export three more APIs. This expands Wanbury's reach in regulated global markets. Additionally, its Patalganga facility received GMP certification from South Korea's food and drug administration (FDA) after a successful April 2026 inspection. Wanbury remains committed to cGMP compliance and continuous operational improvements.
The Bombay High Court granted interim protection to Anil Ambani from prosecution and penalties under the Black Money Act, while hearing his constitutional challenge to the law. The Court allowed his appeal process to continue and barred coercive actions until final judgement. The income-tax department alleges that Mr Ambani hid ₹814 crore in foreign accounts, with unpaid taxes of ₹420 crore. The law permits up to 10 years' imprisonment plus fines, if convicted.
Concord Biotech received US FDA approval for its abbreviated new drug application (ANDA) of Tofacitinib tablets in 5mg (milligram) and 10mg strengths, targeting treatment for rheumatoid arthritis and other autoimmune diseases. The US market for these tablets is valued at about US$500mn, presenting a significant growth opportunity. This approval strengthens Concord’s position in US and international markets. The company has not reported any regulatory setbacks related to this approval.
Hyundai Motor India expects normal production by 22 June 2026, after a fire at supplier Mobis India Limited caused disruption mainly at Chennai plant-1. The company is sourcing alternate parts to mitigate impact. Operations at Pune and Chennai plant-2 remain largely unaffected. Production at the affected Chennai plant is projected to resume fully by mid-June 2026.
Opptra, founded by Flipkart co-founder Binny Bansal, has partnered with Unicommerce to boost its e-commerce operations across India, Gulf Council Countries (GCC), and Southeast Asia. The collaboration integrates Opptra’s artificial intelligence (AI)-driven distribution with Unicommerce’s fulfilment technology for seamless multi-region management. This partnership aims to improve efficiency, accelerate market entry and support brand growth. Unicommerce’s extensive integrations simplify cross-border commerce.
PNC Infratech’s subsidiary received a provisional completion certificate for a six-lane expressway project in Uttar Pradesh, ready for commercial use as of 27 April 2026. The project, part of Bharatmala Pariyojana, spans km10.980 to 28.500 and was completed within the scheduled timeframe. The bid cost was ₹1,413 crore, with price adjustments as per the agreement. This highlights PNC Infratech’s infrastructure execution strength.
Infosys announced a multi-year enterprise resource platform transformation collaboration with IHH Healthcare across markets including Hong Kong, Malaysia and Singapore. Using Infosys Topaz AI-powered platform, the project aims to standardise processes and improve agility, cost efficiency and compliance. It will consolidate finance, supply chain and HR functions for real-time insights. This supports IHH’s shift to a connected, data-driven healthcare ecosystem.
Tata Consultancy Services (TCS) partnered with Anthropic on 11 June 2026, becoming a global premier partner to deliver Anthropic’s Claude AI models to regulated industries worldwide. TCS will form a dedicated unit to develop AI solutions and equip 50,000 employees with Claude for internal transformation and client projects. The partnership targets overcoming AI adoption challenges in sectors needing accuracy and oversight. TCS’s large revenue base supports this initiative.
L&T Technology Services announced a strategic alliance with Databricks to deliver industrial AI solutions enhancing engineering intelligence for asset-heavy industries. The collaboration focuses on leveraging AI and analytics for predictive reliability, efficiency, and sustainability in sectors like energy and petrochemicals. It aims to transform complex plant data into actionable insights. Key focus areas include asset reliability, emissions optimisation and quality intelligence.
Orders
Meta Platforms partnered with Clean Max Enviro Energy Solutions to develop 900MW (megawatt) of renewable energy capacity in India, focusing on solar and wind projects in Rajasthan and Karnataka. CleanMax will build and operate the new capacity, while Meta commits to buying all environmental attributes. This effort supports Meta’s goal of matching its energy use with 100% renewable sources to reduce its regional value chain emissions. The collaboration underlines Meta’s commitment to sustainability.
Zaggle Prepaid Ocean Services signed a five-year contract with Crompton Greaves Consumer Electricals starting 10 June 2026, to provide its Zaggle Save employee expense management solution. The contract’s financial terms depend on active users and actual expense usage. There are no related-party interests involved. This deal marks Zaggle’s expansion in employee benefits services.
Bharat Forge secured its largest-ever carbine order from the Indian Army and entered the semiconductor sector, partnering with three of the world's largest chip companies. Defence exports now make up 40% of its revenue, marking its growth as a global defence manufacturer. The company sees major opportunities, amid global geopolitical shifts and government-backed investments in defence and semiconductors. This expansion signals a strong growth outlook across multiple high-potential industries.
Interarch Building Solutions secured a ₹58-crore domestic order (excluding taxes) for the design, engineering, manufacturing, supply and erection of a pre-engineered steel building system. The project, expected to be completed within six to seven months, underscores Interarch’s ability to deliver comprehensive solutions, despite confidentiality around the client’s identity.
VA Tech WABAG secured a design & build contract worth ₹250 crore–₹600 crore for the Ajman sewage bio-refinery plant – phase-3 in the UAE, awarded by Ajman Sewerage (Private) Company Ltd through a consortium led by WABAG. Capacity: 60MLD (million litres per day) sewage treatment plant, completion in 24 months. Scope: Inlet works, primary & secondary treatment, advanced sludge management (digesters, gas-holders, scrubbers, power generation), odour control and disc filtration systems. Technology: advanced mechanical & biological treatment using activated sludge process (ASP) with tertiary disc filtration for compliance with water quality standards.
KNR Constructions secured a ₹235.07-crore engineering-procurement-construction (EPC) turnkey project from the Malkajgiri municipal corporation, Hyderabad, reinforcing its presence in Telangana’s road and urban infrastructure sector. The project involves building a 6-lane bi-directional flyover crossing TKR College Junction, Gayatri Nagar Junction and Mandamallamma Junction, with execution under the EPC turnkey model.
Kellton Tech Solutions announced the successful deployment of a large-scale digital wellhead monitoring system for Oil India Ltd (OIL), valued at US$2.5mn. Powered by Kellton’s proprietary Optima Digital Oilfield Platform, the project brings real-time production data from 77 wells across 46 plinths into a unified digital system. Implemented within six months, the solution integrates 482 field devices—including 390 wireless/wired sensors and gauges, secure telemetry gateways and solar powered infrastructure.
Adani Ports and Special Economic Zone (APSEZ) has secured a 10-year marine services contract for Argentina’s first liquefied natural gas (LNG) export project, marking its entry into South America and adding a new dimension to India’s energy diversification amid Middle East supply disruptions. The award, valued at US$70mn investment commitment, was won by APSEZ’s step-down subsidiary, Adani Harbour International FZCO, through a 51:49 joint venture (JV) with Meridian group (Meridian TransportesMarítimos SA), following a global tender by Southern Energy SA. The consortium will provide end-to-end marine services including tugboat operations, offshore logistics and crew transfers, deploying a fleet of four tugboats, one anchor handling tug supply vessel and one crew boat.
TCS signed a multi-year transformation and managed services agreement with Canada Life, one of the world’s leading life and pensions insurers, to modernise IT infrastructure across its European operations. The scope includes data centres, core infrastructure end-user computing and software lifecycle management, aimed at enhancing resilience, automation and agility. This collaboration combines TCS’ AI-led transformation expertise with Canada Life’s industry knowledge to build a stronger foundation for innovation.
RailTel Corporation of India secured a significant order from Haryana Rail Infrastructure Development Corporation Limited. The order, valued at ₹82,04,38,912, involves the design, supply, installation, testing and commissioning (SITC) of signalling and telecommunication (S&T) and associated works for the Dhulawat Manesar New Patli section, including Chandla Dungerwas and Pachgaon halt stations.
Dynacons Systems & Solutions secured a ₹125.88-crore project from the Central Bank of India to expand its private cloud infrastructure. The contract covers supply, implementation and support of an x86-based enterprise private cloud, deployment of Graphic processing Unit -enabled servers with NVIDIA H200 Blackwell GPUs and an on-premises Kubernetes containerisation platform.
Waaree Renewable Technologies (WRTL) has signed a letter of award (LoA) with its subsidiary, Sunsational Power Pvt Ltd (SPPL), for the execution of a 300MW/450MWp (megawatt-peak) ground-mounted solar project. Under the agreement, WRTL will provide comprehensive EPC services along with two years of post-commissioning operations & maintenance (O&M) support. The company clarified that, while the deal is a related-party transaction, it is being conducted on an arm’s-length basis.
DEE Development Engineers (+5.00%) reported order inflows of ₹631.91 crore in May 2026, taking its consolidated order-book to ₹2,433.90 crore as of 31 May 2026, up from ₹1,909.82 crore at the start of the month.
Mergers/ Acquisitions / Fund-raise / Stake Sale
Titan Company (-1.59%) completed the full redemption of its commercial papers (CPs) worth ₹1,000 crore, bearing ISIN INE280A14542 which were issued on 24 April 2026. The maturity proceeds have been duly paid to all holders, in compliance with the Securities and Exchange Board of India’s (SEBI’s) operational circular of 10 August 2021 governing the issue and listing of non-convertible securities and commercial papers.
Adani Energy Solutions Ltd (AESL) announced the ₹3,050 crore acquisition of IntelliSmart Infrastructure Pvt Ltd, a leading smart metering player in India. The transaction covers the purchase of IntelliSmart’s entire equity share capital and redemption of debenturesconsolidating AESL’s position as India’s largest smart metering platform with a portfolio exceeding 47mn meters. IntelliSmart, a joint venture (JV) between National Investment and Infrastructure Fund (NIIF) and state-run Energy Efficiency Services Limited (EESL), currently manages 22mn meters across five states including Uttar Pradesh and Gujarat.
Quality Power Electrical Equipments plans to acquire Winwin Speciality Insulators Limited for around ₹315 crore, enhancing its high-voltage product range. The acquisition includes a modern manufacturing facility near Visakhapatnam with an 18,000MTPA (metric tonnes per annum) capacity for ceramic and polymeric insulators, plus strategic industrial land. Winwin’s facility meets international standards and benefits from proximity to major ports. The deal also brings the established WS Insulators brand, serving customers in 55 countries.
Welspun Corp's subsidiary sold a 4.5% stake in Saudi-listed East Pipes Integrated Company (EPIC) for about SAR283.46mn (nearly US$75.59mn). Despite this divestment, another Welspun subsidiary retains a 22% stake in EPIC. The sale was done through negotiated trades, complying with regulations and without promoter group involvement. EPIC reported strong financials for March 2026 and no further disclosures are required for this transaction.
Anupam Rasayan India launched an open offer to acquire 26% stake in Bliss GVS Pharma (+0.72%) at ₹299 per share. The offer complies with SEBI takeover regulations and is not conditional on minimum acceptance or competing bids. The draft offer letter has been filed with SEBI and no approvals are currently required to proceed. Future regulatory approvals, if needed, will be sought before the tender closes.
Pine Labs completed its acquisition of Shopflo Technologies as of 10 June 2026, making Shopflo its wholly-owned subsidiary. The deal, approved by Pine Labs' board in April 2026, involved buying all shares from existing Shopflo shareholders. This acquisition enhances Pine Labs' business expansion and service capabilities. Financial details remain undisclosed.
KFin Technologies approved up to US$2mn capital infusion into its Singapore subsidiary to strengthen fund administration and fin-tech operations. KFin Singapore, incorporated in June 2025, is still in early stages with no turnover in 2026. The investment will maintain full ownership and is a related-party transaction done at arm’s length. This move supports KFin Singapore’s growth in global alternative investment services.
Orchid Pharma Limited received NCLT approval on 5 June 2026, for its merger with Dhanuka Laboratories. The merger aims to streamline operations, boost shareholder value and create a larger entity with sales turnover of ₹1,400 crore-₹1,500 crore and earnings before interest, taxes, depreciation and amortisation (EBITDA) of ₹200 crore-₹250 crore. It focuses on operational efficiency, wider product range and geographical expansion. The merger also reduces legal entities and administrative costs, enhancing investor appeal.
Top gainers and losers of the major indices for the week are given in the table below:
