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

Natco Pharma’s Kothur facility gets 8 adverse observations in USFDA inspection

Natco Pharma Limited announced conclusion of US FDA Inspection of its formulation segment at Kothur, Hyderabad. US FDA had conducted an inspection at Pharma Division located in Kothur, Hyderabad, India, which was conducted from June 9th – June 19th, 2025. On conclusion of the inspection, the company received Seven observations in the Form-483. Company remains committed to being cGMP compliant and in supplying high-quality products to its customers and patients globally.

Thirumalai Chemicals to raise Rs 450 crores through preferential placement of equity shares

Board approved issuance of 1.63 crore Equity Shares at a price of Rs 277 per equity share. The company will raise Rs 450.6 crore through the preferential allotment. The names include Motilal Oswal Funds (72.5 lakh equity shares), Bandhan MF (~13 lakh), 360 one equity fund, Turnaround opportunity fund etc.

Biocon raises Rs 4,500 crore through QIP

Company allotted 13.63 crore equity shares at Rs 330 per share (~3% discount to floor price) as a part of QIP issue. It has raised Rs 4500 crore through the QIP. The names include ICICI MF (15.4% of total QIP issue), SBI MF (15.4%), HDFC Life (7.8%), Nippon Life AMC (7.2%), Mirae MF (7.2%) etc.

HCL Tech gets contract from Just Energy

HCL Tech has been selected by Just Energy, a leading US-based energy supply company, to enhance Just Energy’s operations and customer experience. HCL Tech will leverage its integrated Digital Process Outsourcing solutions suite and GenAI platform AI Force to enhance operational efficiency across Just Energy’s IT, finance, analytics, customer care, sales and renewals functions.

RBI eases project financing regulations

The Reserve Bank of India eased guidelines for project finance loans extended by banks and non-bank lenders. The new norms, which come into effect from October 1, 2025, require that under construction projects carry a 1% standard asset provisioning, compared with the 5% requirement proposed in the draft norms released in May 2024. The requirements for under construction CRE exposures will be, however, slightly higher at 1.25%.

Tata Technologies gets contract from Volvo

Tata Technologies has been selected as a strategic supplier by Volvo Cars – a milestone that reinforces Tata Technologies commitment towards Engineering A Software Defined Future by innovating smarter, safer, and more sustainable solutions for global automotive companies.

LTI Mindtree launches BlueVerse

LTI Mindtree has announced the launch of a new business unit and suite of AI services and solutions: BlueVerse. Designed as a complete AI ecosystem, it helps enterprises accelerate their AI concept-to-value journey. This ecosystem is a universe of components that enterprises need to elevate business operations, achieve breakthrough productivity, and create transformational customer experiences.

ITD Cementation gets new contracts of Rs 960 crore

ITD Cementation India Limited has secured following 2 contracts worth ~Rs 960 crore (excl. GST). I) It is for construction of various project works at Trivandrum International Airport in Kerala. II) The construction of multi-storied commercial building in Kolkata, West Bengal.

Ashoka Buildcon gets LoA for $67.25 million project in Guyana

Company has received Letter of Acceptance from Government of Guyana, Public Works Department (“the Authority”) for the Project viz. ‘East Bank-East Coast Road Linkage Project Phase 2 (Eccles to Providence)’ (Project). The Cost of the Project is US$ 67.25 million.

TCS says none of its systems or users compromised in cyberattack on client Marks & Spencer

Tata Consultancy Services said none of its “systems or users were compromised” as part of the cyberattack that led to the theft of customer data at retailer Marks and Spencer, its client of more than a decade.

GMM Pfaudler subsidiary gets new contract

Pfaudler Normag Systems GmbH, Germany, a wholly owned subsidiary of GMM Pfaudler, has entered into a contract with a European-based customer for the design, engineering, and supply of complete end-to-end acid recovery equipment and systems. The value of the contract is EUR 33.2 million (~Rs 330 crore). It is to be executed in the next 48 months. The company will receive a down payment of 30% on signing of the contract.

Kaynes QIP issue open now

Kaynes Technology India Ltd opened its qualified institutional placement (QIP) issue to raise up to Rs 1,600 crore. The company has set the floor price at Rs 5,625.75 per share, the sources said. The indicative price range for the QIP is reportedly between Rs 5,344 and Rs 5,612 per share, representing a discount of up to 4.8% to the floor price.

Nestle India to consider bonus share issuance

The company’s board is scheduled to consider a historic first-ever bonus share issue on June 26, signaling growing shareholder confidence and balance sheet strength. This move could enhance liquidity and retail participation.

TD power gets new contract of Rs 67 crore

Company announced the receipt of an order valued at approx. Rs 67 crore (exclusive of taxes) from a leading multinational corporation for the supply of components for traction motors for export. Deliveries under this order are scheduled to be completed from January 2026 to December 2027.

Uno Minda to set up greenfield manufacturing facility in Sambhaji Nagar

Uno Minda Limited, has announced that its Board of Directors approved the setting up of a greenfield manufacturing facility for aluminium die casting in Sambhaji Nagar (Aurangabad) Maharashtra. This strategic expansion is aimed at meeting the rapidly growing demand for casting components, particularly in electric two and four wheelers (e-2Ws and e-4Ws). The project involves a total planned capital investment of approximately Rs 210 crore, to be implemented in a phased manner over the next five years. The investment will be funded through a balanced mix of internal accruals and debt. Phase-I of the plant is expected to commence commercial operations by Q2 FY27.

United Spirits to acquire NAO Spirits & Beverages for Rs 130 crore

United Spirits Limited (USL) announced that it will acquire full ownership of NAO Spirits & Beverages Private Limited, maker of premium Indian craft gin brands, Greater Than and Hapusa, at an enterprise value of Rs 130 crore (US$ 15.2 million).

JSW Infrastructure signs MoU with Konkan Railway

Jaigarh Port has signed a binding Memorandum of Understanding (MoU) with Konkan Railway Corporation (KRCL) for providing refundable & non lapsable security deposit for the construction and development of the said Project. Upon completion, the Project will establish a railway access to Jaigarh Port, enabling the movement of various cargo types including containers, bulk, and liquid cargo. This enhanced connectivity is expected to significantly strengthen the Port’s capability to handle third-party cargo from the hinterland and will lay the foundation for future capacity expansion.

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Source: HDFC Securities Prime Research