Stocks in News & Key Economic Updates 23 June 2025 by GEPL Capital
Stocks in News
* LT FOODS: The U.S. Department of Commerce imposed a steep countervailing duty of 340.27% on Ecopure Specialities’ organic soybean meal exports from India for 2023, using the ‘adverse facts available’ method during its review.
* GRANULES INDIA: The US FDA completed inspection of the company’s Hyderabad API plant (June 16–20) and issued one Form 483 observation, to which the company will respond within the stipulated timeline.
* BHARAT ELECTRONIC: The company secured additional orders worth Rs.585 crore, including major contracts for missile fire control and sighting systems, communication equipment, jammers, spares, and related services.
* ADANI PORT AND SPECIAL ECONOMIC ZONE: Adani Logistics signed a JV termination agreement with Riddhi Infocom to sell its 49% stake in Veracity, retaining a 1% stake in the venture.
* NLC INDIA: The company received a letter of award from Tamil Nadu Green Energy Corp. for developing a 250 MW/500 MWh battery energy storage system.
* SIGNATUREGLOBAL: The company acquired the remaining 4.15 lakh shares of Indeed Fincap, making it a wholly owned subsidiary.
* AVANTEL: The company received a Rs.13.67 crore order from Defence Electronics Applications Laboratory for SDR development and an Rs.11.06 crore order from Mazagon Dock.
* DR REDDY LABORATORIES: The company received US FDA approval for Carbidopa and Levodopa.
* BRIGADE ENTERPRISES: The company launched Morgan Heights, a residential project in Chennai, with a gross development value of around Rs.2,100 crore.
* HINDUSTAN AERONAUTICS: The company emerged as the successful bidder for manufacturing and design technology of ISRO’s Small Satellite Launch Vehicle.
Economic News
* Iran says its military will decide 'timing, nature and scale' of its response to US attacks: Iran has accused the U.S. of destroying diplomatic efforts by launching strikes on its nuclear facilities, warning that its military will determine a "proportionate response" in terms of timing, nature, and scale. At an emergency UN Security Council meeting, Iran’s UN Ambassador Amir Saeid Iravani condemned the attacks as violations of international law and blamed Israeli Prime Minister Netanyahu for pushing the U.S. into a conflict.
Global News
* Operation Midnight Hammer: How the US bombed Iran's nuclear sites without being detected: American pilots launched a major attack on Iranian nuclear facilities. The US military targeted uranium enrichment plants with heavy bombs. Cruise missiles were also fired from a submarine. Operation Midnight Hammer aimed to cripple Iran's nuclear program. Iran has denied significant damage and pledged retaliation. The mission involved stealth bombers and deceptive tactics.
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