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Stocks in News

• BEL: Secured substantial additional defense and electronics orders aggregating to Rs. 1,081 crore since May 25. The domestic pipeline highlights the company's strong execution momentum across state-backed radar, communication, and weapon systems integrations

• VODAFONE IDEA: The board approved Rs1,182 crore warrant issuance to Suryaja Investments, strengthening the company's capital position ahead of its 5G expansion plans.

• SYRMA SGS TECHNOLOGY:

The company partnered with Japan-based Kaga Electronics to set up an EMS facility in India, strengthening its electronics manufacturing capabilities and expanding access to premium Japanese industrial and consumer electronics customers.

• APAR INDUSTRIES:

Apar Industries signed a long-term base oil supply pact with Saudi Aramco Base Oil Company (Luberef), supporting its Middle East lubricant manufacturing expansion.

• LEMON TREE HOTEL:

Continued its international hospitality expansion by signing a formal management license agreement to establish a premium new 85-room hotel property in Nepal.

• PFC:

The MCA dissolved Bihar Infrapower, streamlining the company's corporate structure.

• OSWAL GREENTECH:

Formally expanded its international corporate footprint by incorporating a new wholly-owned subsidiary in Dubai, UAE, backed by an initial capitalization of AED 40 million.

• GHV INFRA:

Secured a significant infrastructural sub-contract valued at Rs. 213 crore from GHV India to execute comprehensive engineering and composite works at a major railway coaching complex in West Bengal.

• AUROBINDO PHARMA:

US FDA issues 5 observations after pre-approval inspection at the Eugia Steriles Andhra unit conducted from June 10 to 19.

Economic News

• Core sector growth hits 7-month low as refinery slump and energysector weakness drag May output: ndia’s core sector growth slowed to a seven-month low of 0.5% YoY in May 2026, with five of eight key industries coal, crude oil, natural gas, refinery products and fertilizers reporting contractions. The sharp decline in refinery output, down 8.7%, was the biggest drag on growth, while electricity (+8.7%), cement (+8.4%) and steel (+5.0%) remained key support pillars. April’s growth was revised upward to 1.8%, but the weak May performance is expected to weigh on industrial production (IIP), with analysts projecting slower growth in the coming months.

Global News

• Japan PMI strengthens as stockpiling amid Iran conflict boosts manufacturing demand: Japan’s economy showed strong momentum in June, with manufacturing activity expanding for the third consecutive month as the PMI rose to 54.9. New orders grew at the fastest pace in over four years, supported by customer stockpiling amid concerns over supply disruptions and rising costs linked to the Iran conflict. Factory output and employment also strengthened, with manufacturing hiring reaching an eight-year high. While export order growth moderated slightly, both input and output cost inflation remained elevated due to higher energy, fuel, and raw material prices. Meanwhile, the services sector rebounded, lifting the composite PMI to 52.5, indicating a broader improvement in business activity, although analysts cautioned that some of the current strength is being driven by temporary inventory-building that may fade in the coming months.

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