🗞️ Daily Business Brief – JULY 09, 2026
- Apollo Micro Systems to acquire a 41% stake in Premier Explosives for ₹1,550 crore, strengthening its defence and explosives portfolio.
- US Economy initial jobless claims fell to 215,000 last week, indicating layoffs remain at historically healthy levels.
- TCS Q1FY27 revenue rose 2.2% QoQ to ₹72,275 crore, with results broadly in line with muted Street expectations.
- Mahindra & Mahindra June total vehicle sales jumped 32.5% YoY to 1.04 lakh units, driven by strong passenger and commercial vehicle demand.
- Anand Rathi Wealth Q1 net profit surged 73.6% YoY to ₹163 crore, while revenue increased 17.5%; EBITDA margin narrowed to 33.7%.
- Torrent Pharmaceuticals initiated a voluntary recall of select Semalix injection pen batches following a precautionary recall by Dr. Reddy’s Laboratories.
- Power Grid Corporation won the interstate transmission project for Bhadla-III, Ramgarh PS and Kanpur under the TBCB route on a BOOT basis.
- Havells India entered the Battery Energy Storage System (BESS) segment through a strategic partnership with Norway’s Pixii AS.
- Pace Digitek subsidiary Lineage Power signed an MoU to supply Battery Energy Storage Systems (BESS) with Onward Solar and Kalpa Power.
- Great Eastern Shipping took delivery of the 110,000 DWT LR2 tanker Jag Laxman, expanding its fleet to 41 vessels with nearly 100% utilisation.
- Muthoot Microfin reported Q1 AUM growth of 18% YoY to ₹14,457 crore, with disbursements rising 49% and CRISIL upgrading its rating to AA-.
- AWL Agri Business to expand its regenerative mustard farming programme after demonstration farms delivered yield improvements of up to 30%.
- Kalyan Jewellers shares extended gains with another 20% surge amid strong trading volumes and continued investor interest.
- Reliance – Strand Life Sciences secured an Indian patent for an AI-powered early cancer detection platform using cell-free DNA technology.
- Oberoi Realty restrained by the Punjab & Haryana High Court from making fresh allotments in its Gurugram project; company says there is no material business impact.
- Insolation Energy secured a ₹558 crore order from NTPC Renewable Energy for the supply of solar PV modules.
- Eternal gained after increased foreign ownership headroom raised expectations of a higher MSCI index weight.
- Borosil Renewables is in preliminary discussions for a strategic investment, with promoters exploring a partial or full stake sale.
- One 97 Communications (Paytm) clarified its Indonesia expansion through a partnership with Flip and a minority investment in DTK, stating the arrangement is not a material event.
- Government of India waived basic customs duty on key inputs used in electronics manufacturing to boost domestic production.
- India & Australia finalised the administrative arrangement to operationalise the Civil Nuclear Cooperation Agreement.
- Hydrogen Mobility Prime Minister Narendra Modi is likely to flag off India’s first hydrogen-powered train from Haryana’s Jind on July 17.
- Container Corporation of India signed a 15-year agreement with GAIL to establish an LNG fuel station at Ahmedabad ICD and deploy LNG-powered trucks.
- Vikram Solar signed a supply agreement for 130 MW of DCR-compliant Mono-PERC solar cells with Evervolt Solar Technology India.
- Premier Energies inaugurated its next-generation solar module manufacturing facility at Seetharampur and performed the groundbreaking for a 6 GWh BESS facility and an 18,000 MTPA aluminium frames plant.
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