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India’s June CPI narrative turned mixed, with polls flagging a rise above 4% while later commentary highlighted a 2.10% print and shifting RBI rate expectations.
HCL Technologies reports Q1FY27 today as brokerages expect modest sequential growth in rupee terms, resilient margins, and a close watch on FY27 guidance and dividends.
SBI and Axis Bank are leading a ₹15,000 crore term-loan syndicate for Aditya Birla Group’s all-cash Sprng Energy buyout, with MUFG in talks and a 5–10 year tenor under discussion.
A CNBC-TV18 report flagged a potential sale from Viatris-owned Mylan’s Biocon stake, as Viatris’ $815 million Biocon Biologics monetisation deal outlines cash, shares, and non-compete timelines.
Aditya Birla Group is in advanced talks with SBI and Axis Bank for a ₹15,000 crore term loan to fund an all-cash acquisition of Shell-owned Sprng Energy.
Biocon will acquire Viatris’ stake in Biocon Biologics for $815 million, alongside a parent-level integration plan and funding via a $500 million QIP and bridge loans.
CEA data for May 2026 shows renewable generation (excluding large hydro) up 29.92% YoY, as solar crossed 21.5 BU and capacity additions stayed strong in FY26.
Under the new CPI series, SBI Research said most states stayed below 3% inflation in January 2026, while Telangana rose to 4.92% against a national 2.75%.
Biocon reported successful Phase III data for its Yesafili biosimilar while Viatris-owned Mylan considers selling its 5.64% stake, creating near-term block-deal overhang.
Asian Paints will raise product prices 3-5% from May 5, 2026, after an earlier 6-8% hike, citing crude-linked input inflation and West Asia uncertainty.
SpiceJet has moved the Supreme Court after the Delhi High Court upheld a ₹144.5 crore deposit order in its arbitration dispute with KAL Airways and Kalanithi Maran.
Economists polled by Mint and Reuters expect India’s June 2026 CPI inflation to rise to 4.2%-4.3%, pushed by fuel pass-through and firmer food prices.
Biocon is nearing integration of Biocon Biologics after completing the Mylan buyout funded by a ₹4,150 crore QIP, with consolidation targeted by March 31, 2026.
RBI lowered FY27 GDP growth to 6.6% and raised CPI inflation to 5.1% while keeping the repo rate unchanged at 5.25% with a neutral stance.
India’s June CPI rose to 5.08% as food inflation climbed to 9.36% and vegetables jumped 29.32%, reinforcing RBI’s case for holding rates at 6.50%.
Alembic Pharmaceuticals said the USFDA completed a cGMP inspection at its Karakhadi, Gujarat facility (Feb 9-18, 2026) and issued a Form 483 with two observations.