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Stocks in News

* MARICO: Reported strong double-digit volume growth in India while maintaining healthy momentum in international markets. The company expects revenue growth in the early 20% range, with robust profit growth supported by lower copra prices, partially offsetting higher input costs.

* BIKAJI FOODS INTERNATIONAL: Completed the acquisition of a 74% stake in Jai Barbareek Dev Snacks, as announced on May 21, 2026, making it a subsidiary of the company.

* BELRISE INDUSTRIES: Board approved raising up to Rs 20,000 million through the issuance of equity shares or other equity-linked instruments.

* COAL INDIA: Coal supplies to the power sector increased 5.9% YoY to 51.44 MT in June FY27, while total coal dispatches rose 7.5% YoY. Fuel Supply Agreement (FSA)-based dispatches recorded a strong 23% YoY growth during Q1 FY27.

* ADANI ENTERPRISES: Signed an MoU with IHC Group's IRH to develop an integrated aluminium project in Odisha worth Rs 1.08 lakh crore (US$11.5 billion) through a 50:50 joint venture.

* LG ELECTRONICS INDIA: GST authorities dropped the proposed tax and penalty demand of Rs 116.72 crore related to alleged excess input tax credit (ITC) claims for FY22, resulting in no financial impact on the company.

* TITAGARH RAIL SYSTEMS: Partnered with TuTr Hyperloop to develop indigenous Hyperloop-enabled freight transportation solutions for India.

* AVENUE SUPERMARTS: Q1 FY27 standalone revenue increased 15.1% YoY to Rs 18,343.49 crore, while the company's store network expanded to 503 outlets.

Economic News

* Rs10,000-Crore ATF Price Stabilisation Scheme Fails to Gain Traction: The government's Rs 10,000-crore aviation turbine fuel (ATF) price stabilisation scheme has failed to take off, with no airline opting into the voluntary programme. Introduced to shield airlines from fuel price volatility by capping ATF prices at around Rs115 per litre for up to three years, the scheme lost its appeal after international crude prices declined, bringing market-linked ATF prices below the capped level. With airlines choosing to benefit from lower spot prices instead, the scheme remains inactive despite being designed to compensate state-owned oil marketing companies for selling fuel at capped rates.

Global News

* Trump Says Iran Close to Agreement as Nuclear Talks Progress : US President Donald Trump said Iran has "agreed to just about everything" required to finalise a long-term agreement, signalling progress in ongoing negotiations. He claimed Iran had been significantly weakened militarily and highlighted the US's strategic pressure campaign, including restrictions on Iranian oil exports. The remarks come as US-Iran talks, mediated by Qatar and Pakistan, remain temporarily paused, with key issues such as Iran's enriched uranium stockpile still under negotiation.

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