🗞️ Daily Business Brief – june 23, 2026
- Craftsman Automation promoter Srinivasan Ravi sold 2.01% stake (5.3 lakh shares) via block deal worth ₹486 crore.
- Infosys expanded its multi-year partnership with GlobalFoundries to provide AI-led managed services across enterprise IT operations.
- Vedanta promoter entity Twin Star Holdings sold 6.5 crore shares through a block deal worth approximately ₹1,896 crore.
- NLC India & IOC signed an MoU to form a JV for large-scale renewable energy projects, including solar, wind, hybrid, storage, green fuels and e-mobility initiatives.
- YES Bank board to meet on June 29 to consider fundraising through equity shares and debt securities.
- Delhivery saw Nexus Ventures sell a 0.6% stake via block deal worth ₹208 crore.
- IRFC government launches OFS for up to 2% stake sale; non-retail bidding opens June 24 and retail on June 25.
- City Union Bank AGM on August 14 to consider raising up to ₹5,500 crore via QIP; dividend payment also scheduled on the same date.
- Honasa Consumer approved acquisition of 58% stake in Fluence Pharma at an enterprise value of approximately ₹135 crore.
- Satin Creditcare Network approved raising up to ₹5,000 crore through NCDs over the next year.
- Monsoon Watch Agriculture Ministry warns weak monsoon may impact Kharif crops; contingency plans activated across 12 states.
- IRCON JV secured a ₹763 crore order from Tripura State Electricity, with IRCON’s share at ₹198 crore.
- Ola Electric received BIS certification for its indigenous 46100 LFP battery cell.
- Delhivery & Bajaj Auto partnered to deploy 200 Bajaj RIKI eCarts for last-mile delivery electrification.
- Tata Motors PV targets consolidated revenue above ₹5 lakh crore by FY29 and ₹6 lakh crore by FY31 while aiming to become net debt free by FY27.
- Tata Electronics ransomware breach is being investigated by Apple’s cybersecurity team; no major operational impact expected.
- Raymond reportedly in talks to acquire German aerospace engineering company Deharde; company declined to comment.
- Quess Corp subsidiary partnered with IGS and IPA to launch the Indo–Japan GCC Corridor initiative.
- RailTel secured a Ministry of Railways order worth ₹334 crore.
- Interarch Building Solutions won a ₹165 crore order, taking June order wins to ₹375 crore.
- Global Geopolitics US Secretary Marco Rubio reiterated that international waterways should remain toll-free and highlighted concerns over Iranian proxy activities.
- US-India Trade Donald Trump rejected official US tariff data on India, reigniting debate over trade barriers and reciprocity.
- AI Sector investor concerns rise over AI monetization limits, falling token prices and lower-than-expected returns on massive AI infrastructure investments.
- CPAI urged the Finance Ministry to provide interim relief ahead of RBI’s July 1 credit framework rollout to avoid liquidity disruptions.
- Tech Mahindra announced liquidation and deregistration of step-down subsidiary HCI Group Australia.
- CRISIL projects commercial office REIT leasing space to rise 30% by FY28, adding 45 million sq ft.
- Bajaj Auto reported a ransomware attack on company and subsidiary systems; impact mitigated and reported to CERT-In.
- Patel Integrated Logistics approved a buyback worth ₹10.8 crore at ₹18 per share.
- Power Grid board to consider raising USD 500 million through external commercial borrowings (ECB).
- Renewable Energy global investors continue increasing commitments to India’s renewable sector, reinforcing long-term growth prospects.
- Monsoon Deficit reports indicate nearly 40% rainfall deficit in several regions, creating risks for the current farming season.
- Tata Power received extension of Section 11 directions for Mundra thermal plant operations until September 30.
- Garden Reach Shipbuilders emerged as L1 bidder for a ₹40 crore electric tug supply tender from Shyama Prasad Mukherjee Port.
- HCL Technologies joined TM Forum Catalyst Program to accelerate AI-led autonomous telecom network operations.
- Adani Group plans to invest ₹1 lakh crore in airport infrastructure expansion across India.
- Wipro expanded partnership with Palo Alto Networks to deliver AI-powered cybersecurity and managed detection services.
- TVS Srichakra opened five exclusive Eurogrip retail outlets in Hyderabad.
- Nucleus Software appointed Bhavit Godiwala as Chief Customer Success Officer.
- Lemon Tree Hotels guided for mid-single-digit growth, indicating moderation from earlier double-digit expansion.
- Basmati Rice Sector prices may decline 5–10% amid export concerns linked to Strait of Hormuz disruptions; key companies include LT Foods, KRBL and Chaman Lal Setia.
- Metro Brands appointed Manoj Juneja as Chief Business Officer for its Sports Division.
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