🗞️ Daily Business Brief – JULY 13, 2026
- Aditya Birla Group / Grasim Industries acquires Shell’s Sprng Energy India for ₹17,200 crore ($1.8 billion), adding a 5 GW renewable energy portfolio comprising 3.3 GW operational and 1.7 GW under construction capacity.
- Bharat Electronics (BEL) receives additional defence orders worth ₹572 crore since June 22, strengthening its FY27 order book.
- ICICI Prudential Life Insurance reports a 23.1% YoY rise in Q1FY27 net profit, supported by higher total income.
- State Bank of India completes issuance of $200 million Senior Unsecured Reg-S Floating Rate Notes via its London branch; notes to be listed on India INX, GIFT City.
- Emcure Pharmaceuticals to acquire the remaining 12.05% stake in Gennova Biopharmaceuticals for ₹231.87 crore, making it a wholly owned subsidiary.
- Container Corporation of India (CONCOR) reports Q1FY27 container volume growth of 8.9% YoY, driven by strong EXIM and domestic cargo movement.
- PDS Ltd signs a multi-year Sourcing as a Service (SaaS) partnership with the sourcing arm of a leading French retail chain across five countries.
- Poonawalla Fincorp approves issuance of listed secured NCDs worth up to ₹500 crore through private placement.
- IFGL Refractories incorporates IFGL Monocon Saudi Company Limited in Saudi Arabia to strengthen its international presence.
- HCLTech reduces workforce by nearly 3,300 employees in Q1FY27, taking total headcount to around 2.24 lakh.
- Biocon may witness a block deal as Mylan is likely to sell its entire 5.64% stake, according to market sources.
- India–US Trade finalize the framework for a Bilateral Trade Agreement, with the final pact expected to be signed at an appropriate time.
- India Inflation June CPI inflation rises to 4.38%, higher than market expectations of 4.24% and above May’s 3.93%.
- HG Infra Engineering bags a ₹241 crore infrastructure order from the Rajasthan Government.
- Shyam Metalics hits a lifetime high as management targets 10% share in India’s stainless steel market with expansion largely through organic growth.
- Siemens India secures a ₹263 crore RVNL contract for electrification of the Rishikesh–Karnaprayag railway line.
- Citi Research says weak apparel exports continue to weigh on India’s textile and clothing exports despite growth in textile shipments.
- SpiceJet says deregistration of long-grounded aircraft will eliminate lease rental costs while engine supply issues continue.
- Mangalam Worldwide commissions a 10.4 MW captive solar plant, increasing its total installed solar capacity to 11.6 MW.
- EMS Ltd emerges as L1 bidder for a ₹105.82 crore sewerage project from UP Jal Nigam in Varanasi.
- Welspun Enterprises executes a ₹7,300 crore Pune–Shirur highway sub-concession agreement in Maharashtra.
- Finance Ministry reviews FCNR(B), ECB and OFCB swap initiatives with bank CEOs, urging stronger NRI outreach to boost foreign currency inflows.
- Asian Paints says West Asia tensions have increased raw material costs, prompting measured price hikes of around 1–2%.
- Blue Cloud Softech Solutions signs a five-year master services agreement with SpaceX International for AI infrastructure, cloud and digital transformation services.
- Happiest Minds Technologies promoter Ashok Soota is reportedly in advanced talks to sell his stake in the company.
- JBM Auto partners with DRIVN to supply 500 electric buses, strengthening its EV mobility business.
- Kalpataru reports Q1FY27 pre-sales growth of 6% to ₹1,329 crore and collections growth of 17% to ₹1,365 crore while launching a new luxury project in Mumbai.
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