Bullish sentiment has returned to the market, with Moneylife’s market breadth indicators holding firmly in bullish territory for the past five sessions. This marks the longest sustained phase of strength since early-April, underscoring renewed participation across segments. The trends of the major indices in the course of the week's trading are given in the table below:
News
Imagicaaworld Entertainment announced temporary closure of its Khopoli water park from 19 June 2026, due to a Maharashtra irrigation department directive restricting dam water use amid El Nino-induced low water levels. The park will remain closed until conditions improve, with potential non-material losses and insurance claims under consideration.
Mahindra Lifespace Developers acquired 15 acres in Kandivali East, Mumbai, with a project GDV (gross development value) of ₹5,600 crore and 1.8mnsqft (million square feet) development potential. The site offers excellent connectivity and benefits from ongoing infrastructure projects like the Borivali-Thane Twin Tunnel, bolstering long-term growth prospects in the residential market.
Amber group entered a manufacturing partnership with Oppo Mobiles India, enhancing local production for OPPO, OnePlus, and Realme brands. The collaboration leverages Amber’s manufacturing scale and operational strengths, marking a key step in expanding Amber’s growth platform and supply-chain capabilities.
Bata India appointed Sanjay Rao as its new managing director (MD) and chief executive officer (CEO), succeeding Gunjan Shah after his five-year tenure. Mr Rao joins from Nike, where he was senior director for Nike Retail in France and Benelux. With over 20 years of retail leadership in India, South Asia, China and Europe, Mr Rao has previous experience with Inditex, helping establish Zara in India, and has served as country director for Guess in France.
E2E Networks incorporated a wholly-owned subsidiary, Sovcloud Technologies Limited, effective 17 June 2026. Sovcloud will focus on IT data centre services including managed hosted solutions, provisioning and energy-efficient infrastructure. The subsidiary is fully-owned by E2E Networks, established with ₹10 lakh authorised capital.
Shriram Properties signed a joint development agreement for a 9.1-acre lake-facing residential project in north-east Bengaluru. The development has a potential area of 670,000sqft and a GDV exceeding ₹600 crore. The site benefits from strong connectivity to key roads and IT hubs, with a launch planned this financial year.
LT Foods plans to set up a wholly-owned subsidiary, LT Foods Australia Pty Limited, with an initial investment of AUD2100. The subsidiary will focus on expanding LT Foods’ presence and operations in Australia and the Asia-Pacific region. The investment is a related party transaction conducted at arm’s length.
HG Infra Engineering received a letter of intent (LoI) from REC Power for an inter-state transmission project in Jharkhand under a tariff-based bidding process. This project is part of the WR-ER Inter-Regional Network Expansion Scheme – Part-C. The announcement follows earlier disclosures under SEBI Securities and Exchange Board of India) regulations.
Bandhan Bank approved the sale of non-performing assets (NPAs) from its housing finance portfolio worth ₹303.74 crore as of 31 May 2026. The sale process will use Swiss Challenge bidding with asset reconstruction companies to reduce NPA exposure and strengthen financial health. This strategic move was disclosed per SEBI regulations on 15 June 2026.
Great Eastern Shipping Company (GE Shipping) acquired a second-hand Long Range 2 Tanker (110,000dwt-- deadweight) built in 2015, to integrate into its fleet by Q2FY26-27. The acquisition is financed through internal accruals, expanding the fleet to 40 vessels with near 100% capacity utilisation. GE Shipping also plans to acquire a medium range product tanker in Q1FY26-27.
Nykaa announced a multi-year strategic partnership with OpenAI, integrating its beauty and fashion stores into ChatGPT for direct product discovery via conversational artificial intelligence (AI). Indian users can now access Nykaa’s catalog through natural language queries powered by OpenAI’s agentic commerce protocol. Nykaa will also deploy OpenAI’s technology across multiple business functions.
Welspun Living commenced full commercial production at its pillow manufacturing unit in Nevada (USA), following partial production since 31 March 2026. The facility, with a US$13mn (million) investment, aims to expand Welspun’s home textiles offerings in the US market, supporting growth and competitiveness.
Adani Ports and Special Economic Zone (APSEZ) expanded its AI capabilities through a partnership with US-based Kaleris, investing up to US$100mn to deploy AI-augmented operations across 15 container terminals in nine ports. The initiative aims to increase cargo handling capacity by 91MMT (million metric tonne by 2030 with significant productivity improvements.
Inox Wind Limited (IWL) signed an MoU (memorandum of understanding) with Inox Clean Energy to supply 1,500MW (megawatt) of wind turbines, supporting Inox Clean’s goal of building a 14GW (gigawatt) renewable portfolio by FY28-29. This collaboration ensures multi-year revenue visibility for IWL and strengthens the integrated renewable energy ecosystem within the INOXGFL group.
Grasim Industries inaugurated the first phase of its CPVC (chlorinated polyvinyl chloride) resin plant at Vilayat (Gujarat), in partnership with Lubrizol Advanced Materials India. The facility, with a capacity of 50,000MT annually, is part of the world’s largest single-site CPVC resin production project, advancing Grasim’s manufacturing capabilities.
Godavari Biorefineries received a Japanese patent for its cancer treatment compound 5-hydroxy-1,4-naphthalenedione, effective against various cancers including breast and prostate. The patent, granted on 26 May 2026, marks a significant innovation milestone, highlighting the company’s commitment to advanced cancer therapeutics.
Suven Life Sciences Limited announced successful completion of phase-1 clinical trials for SUVN-I6107, a selective Muscarinic M1 positive allosteric modulator targeting CNS (central nervous system) disorders. The study showed favourable safety, pharmacokinetics and CNS activity, supporting progression to phase-2 development for neurological therapies.
Tata Motors passenger vehicles provided a business update from Jaguar Land Rover projecting FY26-27 revenue growth to £26bn (billion) up nearly 13% from £23bn seen in FY25-26. Despite geopolitical risks, Tata plans to ramp up production, driven by strong SUV (sports utility vehicle), CNG (compressed natural gas) and EV (electric vehicle) demand. JLR aims to boost EBIT (earnings before interest and taxes) margins to 4% and invest £18bn over five years. Tata’s FY26-27 outlook focuses on combining traditional vehicles with aggressive EV expansion, supported by rising sales and technology investments.
Schneider Electric Infrastructure partnered with Taiwan’s Foxconn to develop integrated AI data centre solutions, combining their strengths in energy management and AI infrastructure. Production is set to start later this year. The collaboration will focus on co-developing reference architectures and innovations in energy optimization and modular systems.
Glenmark Pharmaceuticals Inc, USA, launched methylene blue injection USP, a bioequivalent alternative to ProvayBlue®, targeting the US$19mn US market to enhance affordable healthcare access.
NHPC Limited signed a memorandum of agreement (MoA) with Arunachal Pradesh to implement the 3,097MW Etalin hydroelectric project. The project will be developed on a build-own-operate-transfer (BOOT) basis, with a 40-year lease, focusing on sustainable hydro power.
Dixon Technologies confirmed that statutory approvals for its joint venture (JV) with Vivo Mobile are still awaited. The JV aims to manufacture smartphones and other electronic devices, pending final agreements and regulatory clearances.
NBCC India concluded an e-auction for commercial space at Bharat Business Park (New Delhi), achieving sales of approximately ₹2,857 crore for 708,000sqft. NBCC will earn a 1% marketing fee from this significant asset monetization.
Ampere, by Greaves Electric Mobility, launched the Reo VYB electric scooter priced at ₹69,499, featuring a lithium ferro phosphate battery and up to 80km (kilometre) range per charge. Targeted at urban commuters, it includes keyless start, LED lighting and a three-year warranty.
Suven Life Sciences announced positive top-line results from its phase-2b trial of Ropanicant for major depressive disorder. The trial showed significant improvements in depression rating scores and good tolerability over a six-week period.
Samvardhana Motherson approved acquiring a controlling stake of 64.76% in China-based Shenzhen Autocruis for approximately US$22.6mn. This acquisition will enhance SAMIL’s portfolio in advanced automotive vision and camera technologies.
LTM launched BlueVerse for Databricks, a new solution combining AI ecosystem capabilities with Databricks to accelerate AI-driven data monetisation. The platform targets industry-specific workflows to optimise business processes and outcomes.
HCLTech announced a strategic partnership with Germany’s e.solutions to develop AI-enabled infotainment and connectivity platforms for vehicles. The collaboration focuses on Android automotive-based solutions for global deployment across multiple vehicle programs.
Prestige Estates Projects launched phase-2 of Prestige Gardenia Estates in north Bengaluru, spanning 21 acres with 195 plots and revenue potential of nearly ₹400 crore. The project features modern amenities and is strategically located near key infrastructure and IT hubs.
Housing and Urban Development Corporation (HUDCO) signed an MoU with Gujarat Government to provide ₹1,00,000 crore financial assistance over two years for infrastructure projects starting May 2026. The funding includes flexible terms and aims to boost Gujarat’s economic development.
Orders
FILA SpA, promoter of DOMS Industries, completed an accelerated book-building sale of 4.25mn DOMS shares, raising ₹934.74 crore at ₹2,200.34/share. Proceeds will optimise capital structure and support future strategic initiatives. Post-sale, FILA’s stake reduces to about 19%, retaining promoter status.
Kirloskar Oil Engines Limited received a large order for 96 units of 2500kVA (kilovolt-ampere) Optiprime™ dual core power systems (192MW total) from HyperNext for data centre deployments. This marks a significant move to support AI and cloud computing infrastructure with energy-efficient standby power solutions.
Rail Vikas Nigam Limited (RVNL)received a ₹967.93 crore contract from East Coast Railway for constructing 3rd and 4th lines over 385km, including key bridges using open web steel girders under engineering-procurement-construction (EPC) mode. The project is expected to complete within 1,095 days with no related-party involvement.
HFCL secured a ₹2,666.09 crore contract from RVNL for BharatNet phase-3 in Uttar Pradesh (west), covering telecom equipment supply, installation, and 10-year maintenance. This follows a previous ₹2,167.65 crore contract for UP east and west circles, underscoring HFCL’s leadership in telecom network projects.
Maharashtra Krishna Valley Development Corporation awarded a ₹126.37 crore contract to a JV led by Patel Engineering (+1.24%) for the Tasgaon lift irrigation scheme. Patel Engineering’s share is ₹64.45 crore. The project will improve irrigation across 2,277 hectares in Satara district, enhancing agricultural productivity through advanced water distribution infrastructure.
Oswal Pumps secured 63MW of grid-connected rooftop solar projects in Bihar under the PM Surya Ghar scheme, worth around ₹247 crore. The projects cover over 57,000 installations in three Bihar circles, offering long-term revenue potential of ₹257 crore over 10 years. This expansion diversifies Oswal’s renewable energy portfolio beyond PM Kusum projects.
Bondada Engineering secured a ₹1,338.03 crore EPC contract from NTPC Renewable Energy Limited for a 250MW solar PV (photovoltaic) project with a 50MW/200MWh (megawatt-hour) battery energy storage system (BESS) in Uttar Pradesh. This award boosts Bondada’s renewable energy order-book significantly, reinforcing its leadership in India’s renewable infrastructure sector.
Mergers/ Acquisitions / Fund-raise / Stake Sale
Wipro completed early acquisition of an additional 20% stake in Aggne Global IT Services on 19 June 2026, strengthening its IT service capabilities and expanding its footprint. The deal supports Wipro’s strategic growth and operational synergy goals within the IT services sector.
Lloyds Engineering Works approved acquisition of up to 88.12% stake in Steel Infra Solutions Company Limited (SISCOL) for ₹1,073.40 crore through share purchase, subscription and shareholder agreements. Lloyds will acquire 52.16% equity partly via cash and share swap, with others acquiring 17.98% each by cash.
Godrej Industries approved issuance of ₹1,000 crore rated listed unsecured redeemable non-convertible debentures in two series of ₹500 crore each via private placement. The decision was confirmed by the board on 18 June 2026.
Amber Enterprises India subsidiary IL JIN Electronics acquired an additional 38.5% stake in Ascent Circuits Private Limited, raising ownership to 98.5%. The ₹336.75 crore transaction strengthens their position in PCB (printed circuit board) manufacturing and was executed on 18 June 2026, on an arm’s length basis.
JBM ECOLIFE Mobility Pvt Ltd secured ₹750 crore investment from Motilal Oswal Alternates to expand electric bus operations across India. The funding supports deployment of zero-emission buses, advancing sustainable public transport and aligning with India’s net-zero goals.
Hexaware Technologies plans a £25mn investment in UK expansion, creating around 1,200 jobs over three to five years in Manchester, Leeds and Birmingham. The move supports AI, digital services, and quantum computing innovation, highlighted at the G7 Summit on 16 June 2026.
RBL Bank’s board approved allotment of 92.91 crore equity shares to Emirates NBD Bank at ₹280/share, raising ₹26,015.77 crore and increasing paid-up capital to ₹1,548.55 crore. Emirates NBD will hold a 60% stake, becoming a promoter of RBL Bank.
HDFC Bank successfully issued US$750mn senior unsecured bonds via its GIFT City IFSC unit, rated Baa3 and BBB by Moody’s and S&P, respectively. The bonds have a five-year tenure and a 5.067% annual coupon, aimed at strengthening the bank’s operational capabilities.
Nazara Technologies extended the timeline for its US$100.3mn investment in its UK subsidiary to 14 August 2026. This infusion, combining equity and loans, is part of Nazara’s plan to bolster its international presence in gaming and sports media.
Zydus Lifesciences completed the US$166.33mn acquisition of Assero Holdings, making it a wholly-owned subsidiary. The move expands Zydus’ oncology portfolio in US, including the food and drug administration (FDA)-approved ROLVEDON® for supportive cancer care.
Lloyds Metals subsidiary Lloyds Steel invested ₹58.5 lakh by subscribing to 5,85,000 shares of Loka Metals via a rights issue. This investment aligns with Lloyds’ strategy to enhance marketing capabilities in steel products without changing shareholding percentages.
Meesho Limited plans to acquire 100% of Kirana Club Pte Ltd and a minority stake in its Indian subsidiary Retail Pulse Labs for ₹202 crore. The acquisition supports Meesho’s strategy to enhance its e-commerce ecosystem capabilities. The deal will be completed in three tranches by 31 March 2027, with no regulatory approvals required.
Zaggle Prepaid Ocean Services acquired 16,407 compulsory convertible preference shares (CCPS) of Rivpe Technology, completing 100% CCPS ownership. This acquisition solidifies Zaggle’s full stake in Rivpe across equity and preference shares. The move aligns with Zaggle’s strategy to strengthen its technology sector presence.
Sonata Software received approval from the Chennai bench of the national company law tribunal (NCLT) for the merger of its wholly-owned subsidiary, Encore IT Services Solutions Pvt Ltd, with the parent company. The tribunal’s clearance marks a significant step in the company’s consolidation strategy.
HCLTech announced a ₹1,427.25 crore minority investment in Sarvam AI (Axonwise Pvt Ltd), India’s sovereign full-stack AI company. The funding supports advanced AI model development across text, speech, vision, and cybersecurity, expanding Sarvam AI’s capabilities and global deployment. HCLTech acquired a 10.46% stake with 100% cash consideration, aiming to develop industry-specific AI solutions.
Affle acquired AdColony technology assets and trademarks from Digital Turbine, enhancing its AI-powered consumer platform. The acquisition expands Affle’s SDK reach globally, strengthening its CPCU business model and technology stack as part of its 10X growth strategy
Puravankara Limited acquired 9.73 acres in north Bengaluru's airport corridor, targeting a development value of ₹800 crore with 0.89mnsqft potential.
Top gainers and losers of the major indices for the week are given in the table below:
