News that may have an impact on prices of some stocks today, 16th July, 2025

HDB Financial Services’ net interest income rises to Rs 2092 crore

Net interest income (NII) at Rs 2092 crore vs. Rs 1769 crore. Provisions stood at Rs 670 crore vs. Rs 412 crore year-on-year. Net profit came in at Rs 568 crore vs. Rs 582 crore. RoA at 1.9% vs. 2%, on QoQ. Gross NPA ratio at 2.56% vs. 2.26%. Net NPA stood at 1.11% vs. 0.99%. NIM was at 7.7% vs. 7.6%.

Centrum Capital to raise Rs 172.5 crore through equity

Board approved the proposal for raising of funds through issue of up to 5.02 crore equity shares of face value of Rs 1 each at a premium of Rs 33.38 per equity share i.e. at an issue price of Rs 34.38 per equity share, aggregating to Rs 172.5 crore on a preferential basis to 55 non-promoter entities.

US FDA gives approval to Biocon’s insulin product

Biocon Biologics Ltd (BBL), a fully integrated global biosimilars company and subsidiary of Biocon Ltd. announced that the US FDA has approved Kirsty (Insulin Aspart-xjhz), 100 units/mL as the first and only interchangeable biosimilar to NovoLog (Insulin Aspart). KIRSTY is a rapid-acting human insulin analog indicated to improve glycemic control in adults and pediatric patients with diabetes mellitus. KIRSTY will be available as a single patient-use prefilled pen for subcutaneous use and a multiple-dose vial for subcutaneous and intravenous use.

Dixon Technologies to buy 51% stake in Kunshan Q Tech

Dixon Technologies (India) has inked a binding term sheet to buy a 51 percent stake in Kunshan Q Tech Microelectronics (India). The acquisition will be executed through primary and secondary investments. The deal will provide Dixon Technologies, a home-grown manufacturer of consumer durables and home and electronics goods, access to advanced technology, high-precision manufacturing capabilities and specialised talents. The company said it has entered into a binding Term Sheet with Chongqing Yuhai Precision Manufacturing Co. Limited to establish a prospective joint venture in India. As per the agreement, Dixon will hold 74% of the total paid-up share capital of the joint venture company, while Chongqing will own the remaining 26%.

Syrma, Shinhyup enter joint venture for manufacturing of printed circuit boards

A Joint Venture Agreement has been entered amongst Syrma SGS Technology Ltd, Syrma Strategic Electronics Private Ltd (a wholly owned Subsidiary of the Company) and Shinhyup Electronics Co. Ltd, South Korea (Shinhyup Electronics) for manufacturing of multi-layer Printed Circuit Board (PCB) including flexible PCBs and similar other products, as may be agreed from time to time.

President Trump likely to impose tariffs on pharma products by the end of the month

President Donald Trump said that he is likely to impose tariffs on pharmaceuticals as soon as the end of the month and that levies on semiconductors could come soon as well, suggesting that those import taxes could hit alongside broad reciprocal rates set for implementation on August 1. “Probably at the end of the month, and we’re going to start off with a low tariff and give the pharmaceutical companies a year or so to build, and then we’re going to make it a very high tariff,” Trump told reporters.

Concor, Rais Hassan sign MoU in logistics

CONCOR has signed a memorandum of understanding with Rais Hassan Saadi Group, Dubai to explore collaborative opportunities in the overseas shipping and logistics sector.

Godavari Biorefineries gets patent in China

The company announced that the China National Intellectual Property Administration (CNIPA) has granted patent entitled, 5- HYDROXY-1,4-NAPHTHALENEDIONE for use in the treatment of Cancer. This patent covers a novel class of compounds that have exhibited strong inhibitory effects on cancer and cancer stem cells in vitro studies. These compounds have demonstrated significant efficacy against multiple cancer cell types, including breast and prostate cancer.

Infibeam Avenues completes rights issue

Infibeam Avenues has concluded its Rs 700 crore rights issue, which was oversubscribed by 1.4 times. The rights issue offered eligible shareholders the opportunity to buy four new shares for every existing share held, at a price of Rs 10 per share.

India’s gems & jewellery exports came down by 14.25% in June

India’s gems and jewellery exports fell 14.25% year-on-year in June 2025. Total exports stood at $1,626.96 million (Rs 13,979 crore), down from $1,897.25 million (Rs 15,837 crore) last year, data from the Gems and Jewellery Export Promotion Council (GJEPC) showed.

AWL Agri Business’ net profit declines

The company’s net sales increased by 20.5% from the same quarter last year to Rs 17,058 crore. Revenue growth was driven by higher edible oil realisations. However, higher expenses resulted in a 24% decline in net profit to Rs 236 crore from Rs 313 crore in the year ago quarter. EBITDA fell 41.5% on a year-on-year basis to Rs 366 crore, while margin also saw a contraction to 2.15% from 4.42% last year.

GM Breweries’ net profit in June quarter increases by 4%

In Q1FY26, the company’s net profit increased by 4% to Rs 26 crore. Revenue for the period increased 6.8% on a year-on-year basis to Rs 162.8 crore in the first quarter.

Just Dial’s net profit in June quarter up by 13%

Revenue for the quarter grew 6.2% YoY at Rs 298 crore. EBITDA was up 7.2% YoY at Rs 86.4 crore. Net profit increased 13% YoY at Rs 159.6 crore. Other Income was up 46.5% YoY at Rs 127.3 crore. Cash & investments stood at Rs 5430 crore as against Rs 4756 crore as of Q1FY25.

ICICI Prudential Life’s net profit in June quarter up by 34%

ICICI Prudential Life Insurance reported a 34% rise in Q1FY26 profit to Rs 302 crore, helped by higher premiums from group policies and lower operating costs. Net premium income grew 8% to Rs 8503 crore, driven by a 20% jump in single premiums. Meanwhile, operating expenses decreased 10.1% aided by lower advertisement and sales related cost. Annualised premium equivalent sales fell 5% to Rs 1864 crore. Value of new business (VNB), or expected profit from new policies, fell 3.2% to Rs 457 crore. VNB margin rose slightly to 24.5% for the quarter, compared to 24% a year ago.

ICICI Lombard’s net profit in June quarter up by 29%

ICICI Lombard’s net profit rose 29% YoY in Q1FY26 to Rs 747 crore, supported by healthy growth in premium and investment income. Its Gross Direct Premium Income (GDPI) stood at Rs 7,735 crore, a 0.6% increase YoY. While the health segment recorded 3.5% growth in Q1FY26, retail health grew over 32% YoY, driven by investments made towards health distribution. The combined ratio of the insurer stood at 102.9% in Q1FY26, compared to 102.3% in Q1FY25.

Uno Minda’s acquisition of Friwo’s e-Drives business on track

Uno Minda Limited has provided an update regarding its ongoing acquisition of e-Drives business assets in Vietnam from Friwo. The company stated that the transaction is still underway and is on track for completion by or before July 22, 2025.

Allcargo Terminals to raise up to Rs 38.28 crore

Allcargo Terminals Ltd. (ATL) has announced a proposal to raise Rs 38.28 crore through the issuance and allotment of up to 1.32 crore fully convertible Warrants to the Promoters/Promoter Group. Each warrant has been issued at an issue price of Rs 29 per warrant. ATL has a current capacity of 8.3L TEUs annually across its seven facilities in five hubs that handle approximately 80% of India’s EXIM trade. ATL plans to augment its capacity to over 13L in the coming three years – by expanding some of its key facilities and by developing new CFS/ICD facilities.

CFF Fluid, Garden Reach sign MoU for collaboration

CFF Fluid Control Limited (CFF), specializing in critical Naval Ship and submarine systems, has signed a MoU with M/s Garden Reach Shipbuilders and Engineers Ltd (GRSE). The Parties have agreed to collaborate in the development of the Subsea based sonar and to jointly pursue and execute contracts for the same by collaborating their mutual strengths and expertise.

Anupam Rasayan to raise up to Rs 370 crore

Board approved allotment of 39.14 lakh warrants on preferential allotment basis to non-promoter category, at an issue price of Rs 945.11 per warrant. It would raise a total of Rs 370 crore through allotment. Company will receive remaining 75% amount of the issue price or Rs 277.5 crore upon conversion of warrants. The names include Zeal Global Opportunities Fund, Zinnia Global Fund PCC and Lata Manek Bhansali.

Sumitomo considering raising stake in Yes Bank

Sumitomo Mitsui Financial Group is contemplating an additional $1.1 billion investment in Yes Bank, potentially increasing its stake to 25%. This follows a previous $1.6 billion investment made in May. The move involves acquiring shares from Carlyle Group and purchasing convertible bonds, signaling SMFG’s confidence in Yes Bank’s turnaround after its 2020 rescue.

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Source: HDFC Securities Prime Research