Key Highlights: Stocks in News, Economic & Global Updates 11th Jun 2026 by GEPL Capital Ltd
Stocks in News
• UCO BANK:
The bank raises its 3-month and 6-month TBLR by 10 basis points to 5.40% and 5.60%, respectively.
• ZEE ENTERTAINMENT ENTERPRISES:
Zee Entertainment has greenlit raising a minimum of Rs 2,300 crore through one or more phases/tranches to fund the strategic and business initiatives.
• SBI:
State Bank of India has raised its three to five years FCNR-B deposit rates to a range of 5.25-6.00%. The five year rate has risen by upto 295 bps; 4 to under 5 year FCNR(B) hiked upto 280 bps; and 3 to under 4 year rate is up by nearly 215 bps.
• IOL CHEMICAL:
A minor fire at its Minoxidil manufacturing unit pauses operations for 8–10 days. The fire was contained with no injuries or plant damage.
• BHARAT WIRE ROPES:
The company receives a notice from the Maharashtra Pollution Control Board to halt activities at its manufacturing unit in Chalisgaon.
• HONASA CONSUMER:
The company reports ~30% growth in focus categories for FY26 and is targeting a 15% EBITDA margin by unlocking 500 bps
• AURIONPRO SOLUTION:
The company targets an FY27 push into modular and edge products and is actively rebuilding and repricing its banking software.
• POWER GRID:
The company appoints Venkata S V as CFO, approves a Rs. 485 crore SCADA system upgrade, and secures an 80 billion Yen loan facility.
• KFIN TECH:
The company will invest $2 million in its Singapore subsidiary and approves the transition of its GIFT City branch business to its IFSC arm.
• PFC & REC:
The government approves the mega-merger of REC into Power Finance Corporation. • IZMO: The company introduces India's first integrated silicon photonics packaging line to address fragmented workflows.
Economic News
• India, UAE move to expand strategic crude reserves; Abu Dhabi-linked oil storage may rise to 30 mln barrels: India and the UAE are boosting energy security. Plans are underway to significantly expand India's strategic oil reserves with UAE-linked crude storage. New facilities will increase capacity from 5.8 million barrels to 30 million barrels. Both nations are also establishing a framework for strategic gas reserves. This initiative aims to provide greater flexibility and ensure stable energy supplies for India
Global News
• US Inflation Hits 3-Year High as Energy Shock from Iran Conflict Fuels Price Pressures: US inflation accelerated sharply in May, with CPI rising 0.5% MoM and 4.2% YoY the highest level in over three years-primarily driven by a 7% surge in gasoline prices following the Iran conflict. While core inflation remained relatively subdued at 0.2% MoM, higher energy costs eroded consumer purchasing power, leading to a 0.7% decline in real average hourly earnings, the steepest drop in over three years. Although grocery inflation stayed contained and housing inflation moderated, rising transportation, hotel, and restaurant costs indicate broader inflationary pressures. With energyrelated supply disruptions expected to keep prices elevated, markets increasingly anticipate a potential Fed rate hike later this year despite an expected pause at the June policy meeting.
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