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Voltas is prioritising FY27 margin recovery through pricing discipline and cost efficiencies, leaning on its 21.2% RAC market share amid elevated competition and input-cost pressure.
Ajanta Pharma saw a promoter-linked trust sell 2.8% via a ₹1,024 crore block deal at ₹2,968, with Kotak and Aditya Birla Sun Life MF buying.
Hyundai Motor India said Chennai Plant 1 output should regain pace by June 15 and fully normalise by June 22 after a Mobis India supplier fire, with June sales protected by inventory.
Gold loan NBFC shares such as Manappuram Finance and Muthoot Finance fell to multi-month lows as MCX gold slipped below ₹1.5 lakh, raising NPA and demand concerns.
Oil India and ONGC shares fell sharply as Brent crude retreated to around $91 a barrel amid signs of weakening Chinese demand, triggering heavy selling in upstream stocks.
Brokerages issued mixed calls on Colgate-Palmolive (India) after FY26 results, with targets ranging from ₹1,800 to ₹2,700 and close attention on volumes and GST-led destocking.
Oil India shares dropped as much as 11% on unusually heavy trading volumes, sliding to the lowest level since January 23, 2026, despite broader market strength.
Gold-loan NBFC shares slipped to multi-month lows as gold prices fell, with Manappuram down 5.6% and Muthoot down 4%, raising NPA and loan-demand concerns.
Nucleus Software set up a Vietnam subsidiary and implemented FinnOne Neo at MB Bank, while expanding leadership coverage and outlining AI-led international growth priorities.
Astra Microwave Products’ proposed demerger of its space, meteorology and hydrology unit remains at in-principle stage, with the scheme set for board consideration on June 10, 2026.
India’s steel imports fell 13% to about 9.59 million mt in CY2025 as safeguard and anti-dumping duties, plus tighter quality scrutiny, raised import costs.
TCS chairman N Chandrasekaran says hiring will slow as AI agents take on tasks, while the company focuses on selective hiring and new AI-driven roles.
A surprise February 1 excise duty hike on cigarettes triggered sharp cuts to ITC targets and earnings forecasts, as analysts model volume declines and weaker realisations in FY27.
Fitch lowered India’s FY27 GDP growth forecast to 6.4% as the US-Iran conflict lifts energy costs, with inflation projected to rise and RBI policy tightening flagged.
Nuvama Wealth Management has received SEBI approval to set up Nuvama Mutual Fund, plans to start with Specialized Investment Fund products, and oversees ₹4.53 trillion client assets.
Astra Microwave Products will meet on 10 June 2026 to consider a demerger scheme for its Space, Meteorology and Hydrology unit, after in-principle approval and FY26 results.