Key Highlights: Stocks in News, Economic & Global Updates 2nd July 2026 by GEPL Capital Ltd
Stocks in News
• ALKEM LAB: Received favourable Income Tax appellate orders for AY2018-19 to AY2022-23, deleting disallowances involving tax amount of Rs. 660.77 crore.
• DEVYANI INTERNATIONAL: Completed additional investment in Restaurants Development Co. (Thailand); conversion of THB 400 million loan into equity in Devyani International DMCC approved, increasing stake to ~56.7%
• BHARTI AIRTEL: Airtel Money, arm of the company has commenced its commercial operations as a Type II Non-Deposit accepting Non-Banking Financial Company.
• BOROSIL: Commences manufacturing unit for vacuum insulated stainlesssteel flasks, bottles and containers in the state of Rajasthan through the Company's arm Stylenest India.
• OLA ELECTRIC: Announced that it registered 43,719 vehicles in Q1 FY27, nearly doubling from 22,252 vehicles in Q4 FY26, according to VAHAN data.
• LUPIN: Company receives EMA approval for expanded pediatric use of NaMuscla, while Lupin's Somerset facility secures U.S. FDA EIR with VAI status.
• AEROFLEX: The company expands liquid cooling SFN skid assembly capacity by 50% to 9,000 units annually.
• COAL INDIA: Receiving of order for setting up of 600 MW of Plant at Jalaun Solar Park UP, estimated cost of Rs. 2831.11 crore, Time period of 18 months from signing PPA.
• ADF FOODS: The Company's U.S. subsidiary receives ?19.97 Cr (US$2.1 Mn) tariff refund from U.S. Customs following Supreme Court directive
• NLC INDIA: NLC India Renewables wins LoA for 600 MW solar power project at Uttar Pradesh's Jalaun Solar Park.
• SURYODAY SMALL FINANCE BANK: The company receives ?387.45 Cr under the CGFMU scheme against interim claims in the normal course of business.
Economic News
• India unlikely to raise inflation target, RBI Governor Sanjay Malhotra says; expects strong growth: India's inflation target is unlikely to be raised, with Reserve Bank of India Governor Sanjay Malhotra suggesting a potential long-term reduction. He highlighted the success of the current inflationtargeting framework in lowering average inflation. Despite expectations of a rise, inflation remains below the central bank's 4% target, and the economy is projected for continued robust growth.
Global News
• Oil Under Pressure Amid Supply Recovery and Output Hike Prospects: Oil prices declined over 1% on Thursday, with Brent falling to $70.84/bbl and WTI to $67.75/bbl, after Qatar reported positive progress in U.S.-Iran talks over the Strait of Hormuz, easing supply disruption concerns. Tanker traffic has largely returned to pre-war levels despite Iran's plans to impose shipping tolls from mid-August, while expectations of an oversupplied market grew as OPEC+ is likely to approve another 188,000 bpd output hike for August. Meanwhile, U.S. crude inventories dropped by 3.8 million barrels to 408.4 million barrels, their lowest level since September 2018, providing limited support to prices.
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