Market Preview Today, June 24, 2026: Infosys AI Revenue Hits $1-Bn Run Rate, Yes Bank Eyes Fundraise, NLC India-IOCL Renewable JV, Delhivery Block Deal & City Union Bank QIP in Focus 

Mumbai, June 24: Investors in India will be tracking Infosys shares after the AGM on Tuesday while Yes Bank shares will be under watch as the bank announced a fundraise.

Here is what you should track.

Infosys (INFY) AI Revenue Crosses Annualised $1-Bn Mark as Enterprise Demand Surges

Infosys shares will be in focus on Wednesday after CEO Salil Parekh disclosed at the company’s 45th Annual General Meeting on Tuesday that the IT major is clocking approximately $1 billion of annualised AI services revenue, with the segment growing at a strong pace as demand for enterprise artificial intelligence spikes globally. Parekh underlined that modernisation of technology using AI agents is now one of the largest areas of activity for the company, signalling a structural shift in how Indian IT firms are positioning their service offerings. Infosys also announced an expansion of its multi-year collaboration with semiconductor maker GlobalFoundries to deliver AI-driven managed services across the latter’s enterprise-wide IT operations, deepening its footprint in the high-margin AI infrastructure management space. The disclosure comes as Infosys stock has been under pressure recently, and investors will closely watch whether the AI revenue momentum can offset near-term growth headwinds from global macro uncertainty.

Yes Bank (YESBANK) Board to Meet June 29 to Evaluate Fundraising via Equity and Debt

Yes Bank informed exchanges that its board of directors is scheduled to meet on June 29 to evaluate multiple fundraising options, including raising capital through the issuance of equity shares and debt instruments. The bank has been on a gradual recovery path since its rescue by a consortium led by State Bank of India in 2020, and any fresh capital raise would be closely watched for its terms, quantum, and the route chosen. An equity raise could potentially dilute existing shareholders, while a debt instrument issuance would shore up the bank’s capital adequacy without immediate equity dilution. The board meeting outcome will be a key near-term catalyst for the stock.

NLC India (NLCINDIA) Signs MoU with IOCL for Large-Scale Renewable Energy JV in Tamil Nadu

State-owned NLC India has entered into a memorandum of understanding with Indian Oil Corporation (IOCL) to establish a joint venture aimed at developing large-scale renewable energy projects in Tamil Nadu, combining NLC’s land and power sector expertise with IOCL’s financial strength and energy transition ambitions. The partnership aligns with both companies’ mandates to expand clean energy capacity under India’s national target of 500 GW of non-fossil fuel power by 2030. Tamil Nadu is already one of India’s leading renewable energy states, particularly in wind and solar, making it a natural location for large-scale green power development. The JV, if executed at scale, could meaningfully add to NLC India’s renewable portfolio and reduce its dependence on coal-based generation over the medium term.

Delhivery (DELHIVERY) — Nexus Ventures Sells 1.97% Stake Worth over Rs 200 Cr in Current Quarter

Nexus Ventures III sold 43.23 lakh shares in Delhivery, representing a 0.57% stake, for Rs 207.97 crore at Rs 481 per share in a block deal, continuing its stake reduction in the logistics company. This follows an earlier sale of 1.04 crore shares, representing a 1.39% stake, on April 8, 2026, taking Nexus Venture Partners’ total stake sold in the current quarter to 1.97%, against its shareholding of 4.48% as of March 2026. Nexus, one of Delhivery’s early-stage backers, has been gradually monetising its position as the stock has recovered from its post-listing lows, a standard venture capital exit pattern. Markets will watch whether continued promoter and early investor selling creates an overhang on the stock even as Delhivery’s operational performance has been improving.

City Union Bank (CUB) Board Approves Rs 500-Cr QIP, Sets AGM Date and Dividend Record Date

City Union Bank’s board has approved raising up to Rs 500 crore through the qualified institutional placement route, a move that signals confidence in the bank’s growth trajectory and its ability to attract institutional investor interest. The board also fixed August 14 as the date for the Annual General Meeting and July 31 as the record date for the dividend, providing shareholders with near-term income visibility. City Union Bank, a mid-sized private sector lender with a strong presence in Tamil Nadu and neighbouring states, has maintained a conservative lending approach and healthy asset quality metrics, which have made it a favoured pick among investors seeking regional banking exposure. The QIP details, including the issue price and size of the final placement, will be watched closely as an indicator of institutional appetite for the stock at current valuations.

Sources:

• bseindia.com | nseindia.com | Company regulatory filings