🗞️ Daily Business Brief – june 30, 2026
- Windfall Tax Government revises SAED effective July 1. Export duty set at ₹4/litre on petrol, ₹8.5/litre on diesel and ₹7.5/litre on ATF, while diesel and ATF duties have been reduced from the previous fortnight.
- Nestlé to eliminate artificial food colours from all products globally by the end of 2026, aligning with healthier consumer preferences.
- KPIT Technologies warns Q1FY27 revenue may decline around 1% YoY in USD terms due to weakness among European auto OEMs; margins also expected to soften.
- L&T Technology Services launches Ainfonix 4.0, an AI-powered platform that converts engineering documents into structured digital data.
- HDFC Life Insurance receives GST demand order of ₹132.7 crore, including interest and penalty, from the Commissioner (Appeals), Thane.
- Genus Power Infrastructure sees block deals worth nearly ₹956 crore as Chiswick Investment exits a significant stake; HNI investors emerge as buyers.
- India Weather records the driest June in over a decade, with monsoon rainfall nearly 40% below normal, impacting Kharif crop sowing.
- Auto Sector June sales expected to remain strong, led by Maruti Suzuki, Tata Motors, Mahindra & Mahindra, TVS Motor and Bajaj Auto.
- Greaves Cotton incorporates a Dubai subsidiary to support its international expansion strategy.
- Transformers & Rectifiers secures an order exceeding ₹1,000 crore from Power Grid Corporation.
- IRDAI Chairman Ajay Seth says life insurance has strong long-term growth potential, while BimaSugam rollout is slightly delayed and distribution reforms are expected before July-end.
- Nuvama Wealth Management attracts interest from General Atlantic for PAG’s stake in a deal reportedly valued at around $1.5 billion.
- Coal India plans to invest around ₹1,900 crore in R&D through FY30 to accelerate mining technology and cleaner energy initiatives.
- Park Medi World announces ₹500 crore expansion plan targeting 5,600 hospital beds by FY28.
- Jet Airways employees receive relief as NCLAT dismisses SBI’s appeal over PF and gratuity dues.
- Ceigall India emerges as the lowest bidder for a ₹331 crore Delhi road project.
- Dixon Technologies and Vivo JV move closer to final government approval, strengthening India’s electronics manufacturing ecosystem.
- Zaggle Prepaid signs a five-year agreement with APAC Financial Services.
- Vedanta Aluminium receives another bullish analyst recommendation with upside potential of up to 35%.
- Kirloskar Oil Engines highlights strong opportunities from data centre demand and targets significant growth by FY30.
- KEC International expects strong ordering momentum from upcoming Power Grid transmission projects and major HVDC tenders.
- India Semiconductor Mission 2.0 receives Finance Ministry approval with an outlay of approximately ₹1.25 lakh crore.
- HDFC Bank chairman and CFO appointments improve clarity around future CEO succession planning.
- Hindustan Copper targets mine production of 4.7 million tonnes in FY27 supported by ongoing capacity expansion.
- Unicommerce partners with footwear brand Ajanta to strengthen its e-commerce operations.
- Tata Communications will invest $152 million in India-Singapore subsea cable infrastructure projects.
- Delhi EV Policy aims for 30% vehicle electrification by 2030, creating opportunities across the EV ecosystem.
- Shilpa Medicare enters into a development and supply agreement with Finland’s Orion Corporation for Nivolumab biosimilar.
- Suzlon Energy secures a 105 MW wind power order from Sunsure Energy for its new S175 (5 MW) turbine platform.
- OYO (PRISM) files DRHP for a ₹6,650 crore IPO, with overseas operations contributing around 80% of revenue.
- Indian Oil Corporation confirms Haldia refinery operations continue normally following the recent fire incident.
- Prestige Estates launches Phase 2 of Prestige Forest Hills in Mulund with an estimated GDV of ₹2,200 crore.
- Cupid Ltd projects Q1FY27 revenue above ₹150 crore and raises FY27 revenue guidance to over ₹660 crore.
- Kotak Mahindra Bank to acquire Deutsche Bank India’s retail and wealth management business for ₹282 crore.
- Arvind Ltd board to consider raising funds through equity or other permissible instruments on July 3.
- Afcons Infrastructure receives a favourable arbitration award worth ₹148.67 crore for a tunnel project.
- Force Motors signs an agreement with the Road Ministry for the Delhi-NCR commercial vehicle modernisation programme.
- MSTC likely to benefit as the government prepares a major vehicle scrappage incentive scheme for old commercial vehicles.
- Unimech Aerospace signs a long-term aerospace component supply agreement with FACC Operations GmbH.
- Jupiter Wagons expects significant opportunities from upcoming Indian Railways tenders during FY27.
- RBI Capital Market Rules new funding norms effective July 1 require 100% collateral-backed bank guarantees, increasing funding costs for brokers and proprietary traders.
- APAR Industries approves fund raising of up to ₹2,500 crore through equity, warrants or convertible securities.
- Kirloskar Pneumatic launches the new ‘Tezcatlipoca’ A800 centrifugal compressor platform.
- Poly Medicure reiterates FY27 guidance with domestic business expected to grow over 20% and international business by 15–16%.
- Maruti Suzuki reports weak demand trends, with flex-fuel vehicle sales remaining negligible since launch.
- Mahanagar Gas (MGL) may accelerate pipeline expansion despite sacrificing near-term profitability to support PNG growth.
🔔 Stay tuned for daily insights into India Inc, markets & macro stories!
