Key Highlights: Stocks in News, Economic & Global Updates 17th Jun 2026 by GEPL Capital Ltd
Stocks in News
• BHARAT FORGE:
Kalyani Strategic Systems (KSSL), defence arm of the Co. and Paramount, today unveiled Simha 4x4, a next-generation Light Armoured Multi-Purpose Vehicle at Eurosatory 2026
• INFOSYS:
Co. collaborates with Valmet to Reimagine IT Operations with AI Accelerated Transformation, to improve efficiency, resilience, and long-term business agility.
• SONA BLW PRECISION FORGINGS:
Approved Capex of INR 626 million towards manufacturing of components and systems for robotics industry including advanced robotics.
• POLY MEDICURE:
Poly Medicure received a Rs. 2.5 crore stamp duty and penalty demand from Delhi authorities, which it is challenging and expects no material impact.
• RAVINDRA ENERGY:
Co. along with PPL, has deployed 45 heavy-duty electric trucks for UltraTech Cement to transport clinker across North India, marking a major step in zero-emission long-haul logistics.
• KRISHNA DEFENCE:
Secured Rs. 45.64 cr order from Ministry of Defence for supply of special steel products for shipbuilding, to be executed over 8 months
• EMBASSY DEVELOPMENTS:
Karnataka HC set aside earlier favourable order on land dispute (78 acres); matter restored for fresh hearing, with no coercive action to continue.
• ZYDUS LIFESCIENCES:
Announces the completion of acquisition of Assertio Holdings, acquiring approximately 66.32% of the total number of issued and outstanding shares of common stock.
• BANK OF MAHARASHTRA:
Revised MCLR rates, increasing 6-month to 8.80% and 1-year to 8.95%, effective June 17, 2026.
Economic News
• India-UK steel dispute and Russia rare-earth talks highlight India's push to secure strategic trade and critical mineral interests: India is pushing the UK to remove or significantly raise the proposed $900 million steel import quota under the India–UK Free Trade Agreement, arguing that the cap is below India's recent export levels and could hurt its steel industry despite the trade deal. The issue has delayed FTA implementation and is compounded by the UK's upcoming Carbon Border Adjustment Mechanism (CBAM), which may impose additional costs on steel imports. Separately, India is exploring rare earth supplies from Russia's Tomtor deposit through talks between IREL and Rosneft, as New Delhi seeks to reduce dependence on China for critical minerals essential for electric vehicles, clean energy, and defense applications.
Global News
• US-Iran Peace Deal Signals Strait of Hormuz Reopening and Nuclear Accord Breakthrough: US President Donald Trump announced that the US and Iran have signed a preliminary agreement to end the conflict, with the Strait of Hormuz partially reopened and expected to be fully operational by Friday when the deal is formally signed in Geneva. Trump said Iran has agreed not to pursue nuclear weapons, while the agreement also extends the ceasefire by 60 days to facilitate technical negotiations on Iran’s nuclear programme and sanctions relief. The memorandum, brokered by Pakistan, aims to restore regional stability and end military operations across multiple fronts, with further details of the pact expected to be released soon.
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