🗞️ Daily Business Brief – JULY 07, 2026
- Rashtriya Chemicals & Fertilizers (RCF) board approved raising up to ₹1,500 crore through a Further Public Offering (FPO), subject to shareholder and government approvals.
- Cochin Shipyard Offer for Sale (OFS) received a strong response, getting oversubscribed 3.52 times on the first day, according to DIPAM.
- Uno Minda will invest around ₹320 crore in a greenfield passenger vehicle seating systems manufacturing facility at Chhatrapati Sambhajinagar, Maharashtra.
- Poonawalla Fincorp approved issuance of Tier-II listed non-convertible debentures (NCDs) worth up to ₹200 crore through private placement.
- Advait Energy Transitions secured a ₹51.62 crore turnkey contract from DGVCL for supply, installation, testing and commissioning of 11KV covered conductors.
- EMS Ltd emerged as the lowest bidder (L1) for a Delhi Jal Board sewerage project worth approximately ₹158.29 crore (including GST).
- BHEL and Thyssenkrupp Nucera India signed an electrolyser partnership to strengthen domestic green hydrogen manufacturing under the National Green Hydrogen Mission.
- Eternal received a bullish outlook from Motilal Oswal, which reiterated a Buy rating with a ₹380 target price, citing growth opportunities in its District platform and expanding consumer ecosystem.
- KP Green Engineering secured multiple new orders worth approximately ₹240 crore across various business segments.
- Indian Hotels Company (IHCL) signed 20 hotels and opened 11 during Q1 FY27, taking its portfolio to 645 hotels and moving closer to its 700-hotel milestone.
- IOL Chemicals shares hit the upper circuit after promoter shareholding increased to 62.28% in the June quarter from 57.48% in March.
- India-Indonesia Cooperation India will jointly develop Sabang Port in Indonesia, providing a strategic operational presence on both sides of the Malacca Strait.
- HCL Technologies announced that Actian, its Data & AI business under HCLSoftware, has completed the acquisition of Jaspersoft.
- Midwest signed an MoU with Indonesia’s state-owned Perminas, NFTDC and Midwest Energy to develop critical minerals and rare earth projects in Indonesia.
- NBFC Sector credit growth accelerated to 14.2% in May, supported mainly by robust retail loan demand.
- India-Indonesia Agriculture Prime Minister Narendra Modi announced India will supply high-quality wheat seeds to Indonesia to strengthen agricultural cooperation.
- Auto Components Industry India’s auto component sector grew 12.7% in FY26, while imports continued to outpace exports, according to ACMA.
- Power India Hitachi remained in focus after Tamil Nadu secured a ₹1,000 crore investment commitment from Hitachi Group to expand manufacturing and technology operations.
- Tata Power plans annual capital expenditure of ₹25,000 crore over the next four years, targets ₹10,000 crore PAT, aims to enter nuclear power, expand distribution operations and participate in future DISCOM privatisation.
- Himadri Speciality Chemical-backed Sicona secured a US$31 million (around ₹300 crore) grant for establishing a battery materials plant in Australia.
- RateGain Travel Technologies partnered with Philippine Airlines to provide AI-powered pricing intelligence and competitive fare analytics through AirGain.
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