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Stocks in News

• TGV SRAAC: Added 2.5 MWp of solar power capacity, bringing the company's cumulative total solar power generating capacity to 60.4 MWp.

• RIETS: The company has increased the value of its MoU with NUPPL to Rs149 crore from Rs120 crore for the wet-lease hiring of locomotives, reflecting a 24% increase in the contract value.

• LMW: The company completed an additional equity investment in its wholly owned UAE subsidiary, LMW Holding, while maintaining its 100% ownership.

• SPARC: The company terminated its licensing agreement with CMS Bridging DMCC for the development and commercialization of five products across Mainland China, Hong Kong, Macao, and Taiwan, effective June 25.

• TATA MOTORS PV: The company clarified that while it has partnered with Stellantis for over 20 years and signed a non-binding MoU in February, no definitive agreement has been finalized yet.

• BANDHAN BANK: The board approved the appointment of Debasish Panda as Non-Executive Chairman for a three-year term starting July 5, along with his appointment as an Additional Director (Independent) and Independent Director.

• SMARTWORKS COWORKING: The company acquired Singapore-based WorkStudio Spaces, adding 26,000 sq. ft. of flexible workspace with strong committed occupancy, expanding its Singapore portfolio to 4 centres, 76,000 sq. ft., and over 1,500 seats.

• GODREJ INDUSTRIES: The company infused Rs 370 crore into its subsidiary, Godrej Investment, to strengthen its investment arm, which holds equity stakes in Godrej Capital and Godrej Wealth & Asset Management.

• ONGC: The state-run energy major has announced the formal appointment of Anupam Agarwal as its new Chief Financial Officer (CFO).

Economic News

• China emerges as key growth driver for India's frozen shrimp exports; US remains top market in FY26: India's frozen shrimp exports soared to a record high in FY 2025-26, driven by robust demand from China, which emerged as a significant growth market. The United States continues to be the top destination for these exports. This strong performance underscores the growing global appeal of Indian seafood, with the government actively working to diversify export markets and enhance the sector's competitiveness.

Global News

• China's Factory Profits Stay Strong, but Domestic Weakness Persists: China's industrial profits continued to grow at a strong double-digit pace in May, rising 21.1% YoY, although growth moderated from 24.7% in April, reflecting an uneven economic recovery. While cumulative profits for JanuaryMay increased 18.8%, supported by AI-driven sectors such as computers and electronics (+103.9%) and non-ferrous metals (+93.9%), downstream industries remained under pressure, with automaker profits falling 19.8% and furniture makers' earnings plunging 58.4%. Weak domestic demand, the prolonged property downturn, overcapacity, and geopolitical uncertainty surrounding the Iran conflict continue to weigh on the economy, prompting expectations of further targeted policy support and increased bank lending to stabilize corporate profitability.

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