News that may have an impact on prices of some stocks today

Ather Energy to expand its retail outlet network

Ather Energy Limited announced plans to scale up its retail network to 700 Experience Centres (ECs) across India by the end of FY26. This significant expansion will nearly double Ather’s current footprint, making it easier for customers to experience, test ride, and own an Ather scooter. As of March, 2025, Ather had 351 Experience Centres in India, along with 24 centres in Nepal and Sri Lanka. Around 46% of these are in South India, where Ather first built its base.

Parag Milk Foods to invest Rs 400 crore over the next 3-4 years

Parag Milk Foods is planning to strategically infuse Rs 400 crore over the next 3-4 years to drive the next phase of growth, both horizontally and vertically. The company is also planning to expand the share of its new-age businesses – Avvatar and Pride of Cows – from 4.7 per cent to 20 per cent in the next 3-4 years.

Dabur enters the nutraceuticals market

Dabur announced its entry into the nutraceuticals segment with the launch of ‘Siens by Dabur’, a direct-to[1]consumer wellness brand. Pronounced “Science,” Siens marks a strategic shift for the company as it expands into precision wellness with a range of science-backed supplements across three key categories: Beauty and Skin Health, Daily Wellness, and Gut Health.

Vedanta sells 1.6% stake in Hindustan Zinc for Rs 3,028 crore

Vedanta Limited divests 1.6% stake in Hindustan Zinc raising approximately Rs 3,028 crore through an accelerated book build process. This strategic move strengthens Vedanta’s balance sheet and supports its ongoing demerger into sector-focused activities. Also, Board of Directors approved a first interim dividend of Rs 7 per share for FY 25-26, totaling Rs.2,737 crore.

HEG announces strategic spin- off of Texnere India

HEG Limited announces the strategic spin-off of its wholly owned subsidiary Bhilwara Infotechnology Limited’s talent solutions business into Texnere India Pvt. Ltd.

Infosys, Adobe to collaborate

Infosys announced a strategic collaboration to jointly transform the marketing life cycle of global brands with AI. Together, they will bring capabilities from Infosys AsterTM and Adobe to unify customer experience at scale, personalize content to enable business growth while also streamlining workflows for efficiency.

Bata appoints new global CEO

The Bata Group announced the appointment of Panos Mytaros as its new Global Chief Executive Officer, effective 15th September 2025, succeeding Sandeep Kataria, who has led the Group since 2020. Panos Mytaros brings over 30 years of global leadership experience in the footwear and leather industry.

Vodafone Idea, AST Space collaborate for direct-to-device satellite broadband connectivity

Vodafone Idea Ltd. and AST Space Mobile Inc. have announced a partnership to bring direct-to-device satellite broadband connectivity to India. This collaboration aims to extend mobile connectivity to regions across the country, aligning with India’s “Digital India” vision of universal mobile access.

BEML in race for Mumbai Suburban Rail Network upgrade project

BEML Ltd. is in the race to bag the Mumbai Suburban Rail Network upgrade project, which, amongst other things, will see automatic doors come to the fore. The Mumbai Railway Vikas Corporation is set to re-invite tender for the mega revamp of Mumbai’s lifeline – the Mumbai Local.

Tata Elxsi signs MoU with Infineon Technologies for developing application- ready EV solutions

The company said it has signed a Memorandum of Understanding (MoU) with Infineon Technologies to jointly develop application ready EV solutions tailored to the Indian market. The partnership strategically leverages design and integration expertise, enabling faster adoption of automotive-grade, cost-optimised, and safety[1]compliant subsystems across key mobility segments.

ESAF writes off loans worth Rs 735.18 crore

ESAF Small Finance Bank Limited said its board of directors has approved the sale of a pool of non-performing assets – and technically written-off loans worth Rs 735.18 crore-  to an asset reconstruction company (ARC).

Siemens Energy Ltd receives approval from BSE and NSE for listing and trading of its shares

Siemens Energy India Limited (SEIL) has informed Siemens Limited that it has received approval from BSE Limited and the National Stock Exchange of India Limited for listing and trading of its equity shares effective 19th June, 2025.

Ashoka Buildcon receives new work orders

Company confirmed about the receipt of Work Orders from Motors Vehicles Department, Maharashtra by the Company and Ashoka Purestudy Technologies Private Limited (APTPL), a subsidiary of the Company in Nagpur, Mumbai, Pune, Marathwada, Konkan and Western Maharashtra circles.

One Plus, Optiemus to partner for local manufacturing of IoT products

OnePlus, the leading global technology brand, has joined hands with Optiemus Electronics Ltd. (OEL/Optiemus Electronics), to locally manufacture and deliver premium Internet of Things (IoT) devices in India. As a key manufacturing partner to OnePlus, OEL will provide the dedicated support required to increase BOM level localisation, reduce costs, and improve supply chain resilience for the brand.

Hero MotoCorp introducing subscription based battery model for electric scooter

Hero MotoCorp is introducing a subscription-based battery model for its VIDA VX2 electric scooter starting July 1, aiming to lower the initial cost and broaden accessibility. This battery-as-a-service (BaaS) allows customers to subscribe to battery usage plans, separating it from the vehicle purchase.

Jio Financial Services acquires stake in Jio Payments Bank from SBI

The company said it acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for Rs 104.54 crore. The deal received the Reserve Bank of India’s approval on June 4, 2025. Following the transaction, Jio Payments Bank has become a wholly-owned subsidiary of Jio Financial Services.

Purvankara receives new order of Rs 272 crore

The company arm received a work order worth Rs 272 crore from TRU Dwellings. It is for civil and finishes works for the proposed Residential Apartment at TRU AQUAPOLIS in Varthur, Bengaluru.

MBDA, AXISCADES to extend cooperation

MBDA’s CEO, Eric Béranger, and AXISCADES’ Chairman, Dr. Sampath Ravinarayanan have confirmed their intent to expand the on-going cooperation between both companies and expand it to new activities in line with MBDA’s long term strategy of Make in India. AXISCADES has delivered multiple generations of Test Solutions towards MBDA’s MICA Missiles and Missile Launchers. Besides, AXISCADES has also established facility and performing Depot Level Maintenance of Missile Launchers.

USFDA inspection at Zydus facility results in two observations

US FDA conducted a GMP follow-up inspection at the company’s oncology injectable site situated at SEZ 1, near Matoda, Ahmedabad. The inspection was conducted from 9th of June to 18th of June 2025. The inspection is closed with two observations and none of them were related to data integrity.

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Source: HDFC Securities Prime Research