IGI Logo

Stocks in News

• INTELLECT DESIGN: The fintech firm has signed a massive digital banking pact with 37 Canadian Financial Institutions, a partnership covering 2.6 lakh members and $11.7 billion CAD in assets.

• RVNL: The state-run railway company has emerged as the L1 Bidder for a Rs 221 crore railway contract from the South East Central Railway in Bilaspur.

• TATA CAPITAL: The NBFC has successfully allotted two tranches of NCDs worth Rs 505 crore and Rs 765 crore on a private placement basis.

• KALPATARU: The company's board has approved a composite scheme of arrangement involving the demerger of the KRVPL mall business into KPTPL, alongside the merger of five group entities into Kalpataru Ltd.

• AMAGI MEDIA: The company announced that its CLOUDPORT platform has undergone its largest upgrade to date, setting a new standard for cloudbased broadcast workflows.

• TEXMACO RAIL: In a massive win, the company secured an order worth Rs 4,045 crore from Tsiko Africa Logistics for the supply of rolling stock freight wagons, locomotives, components, and long-term maintenance.

• APOLLO MICROSYSTEM: The company's board approved the allotment of 13,000 shares to Lata Dhiraj Shah in exchange for warrants.

• NITCO: The tiles manufacturer has bagged an additional Rs 67 crore order from Prestige Estates Projects, taking its total order book from Prestige to Rs 347 crore.

• INTERARCH BUILDING: The company has secured an order worth Rs 102 crore for its Pre-Engineered Steel Building System.

• KAMAT HOTELS: The hospitality chain has appointed Milind Wadekar as its new Chief Financial Officer, effective August 1.

Economic News

• India’s forex reserves slide 5% amid oil shock and rupee pressure: India’s forex reserves have fallen 5.2% since March 2026 to around $690.7 billion, among the steepest declines across oil-importing emerging markets, as rising crude oil prices and geopolitical tensions pressured the rupee. The Indian currency hit a record low against the dollar, while RBI interventions to stabilize the rupee further drained reserves. Compared to peers like Hungary and Chile, which saw reserve gains, India was one of the worst-hit economies due to its heavy dependence on crude imports, capital outflows, and volatile global markets.

Global News

• U.S. inflation hits 3-year high as war-driven energy prices surge: U.S. inflation accelerated further in April, with consumer prices rising 3.8% year-onyear the sharpest increase since May 2023 driven mainly by higher energy and food costs amid the ongoing U.S.-Israel-Iran conflict. Rising gasoline, diesel, electricity, rental, and airfare costs added pressure on household budgets, while grocery inflation surged to its highest level since 2022. Inflation also outpaced wage growth for the first time in three years, deepening concerns over weakening consumer spending and affordability. The persistent rise in prices has increased political pressure on President Donald Trump ahead of the midterm elections, while strengthening expectations that the Federal Reserve will keep interest rates elevated for longer. Economists warned that supply disruptions, tariff pass-through, and elevated oil prices could keep inflation sticky and raise stagflation risks for the U.S. economy in 2026.

Key Highlights:

SEBI Registration number is INH000000081.

Please refer disclaimer at https://geplcapital.com/term-disclaimer