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KPIT Tech shares plunge 25% in five days to nearly four-year low after weak revenue outlook. Is the worst over?
KPIT Technologies shares dropped 25% to ₹558.65 this week following a weak business outlook, wiping out ₹5,061 crore in market capitalisation. Brokerages downgraded the stock amid concerns over revenue declines and uncertain recovery, while the stock has already lost 52.35% so far in 2026.
HCLTech shares gain 5% after signing $1.14 billion AI-led digital transformation deal
HCLTech said the contract has an estimated value of $1.14 billion during the initial term and represents entirely new business for the company. The agreement will run from July 2026 to December 2031, with an option to extend it by another five years.
Karnataka: Cabinet decides to oppose Tata Power’s entry into distribution biz
Karnataka government has instructed electricity supply companies to object to Tata Power's entry into the state's power distribution business. Chief Minister DK Shivakumar stated the government opposes private sector involvement in distribution, blaming the previous BJP regime for policy changes. Tata Power has applied for five licences, excluding Bengaluru, and Escoms will inform the regulator of the government's non-concurrence.
BSE 500 stocks: Adani Ports, Marico, Ather, Piramal Finance hit new highs
Adani Enterprises, Aurobindo Pharma, GMR Airports, Gujarat Flurochemicals, Oracle Financial Services and Star Health Insurance from BSE 500 stocks registered 52-week highs on Wednesday.
Star Air launches direct flights to Mundra, operations to commence from June 23
Star Air is launching new flights to Mundra, Gujarat, its 32nd destination. Services begin June 23. This connects Mundra, home to India's largest private port, with major cities. Flights will link Mundra to Mumbai and Hindon. This expansion aims to boost regional connectivity and economic growth. It offers convenient travel for business and tourists.
JSW Realty eyes Rs 1,600 crore Tata Capital loan for Mumbai office project
JSW Realty is nearing a significant deal to secure a Rs 1,600 crore loan from Tata Capital. This funding is earmarked for a new office development near Mumbai's Bandra business district. The five-year loan is expected to carry an interest rate between 9% and 11%. Discussions are ongoing, and the transaction is not yet finalized.
Ashoka Buildcon Ltd leads gainers in 'A' group
Aurionpro Solutions Ltd, Kalyan Jewellers India Ltd, Five-Star Business Finance Ltd and Shree Renuka Sugars Ltd are among the other gainers in the BSE's 'A' group today, 15 June 2026.
Stock Alert: APSEZ, Infosys, Dhanuka Agritech, Concord Biotech, Mufin Green Finance, Canara Bank
Adani Ports & Special Economic Zone (APSEZ) handled cargo volumes of 48.3 million metric tonnes (MMT) in May, marking a 16% year-on-year increase, driven by strong growth across key ports and cargo segments. However, the company's logistics business witnessed a decline, with rail volumes falling 19% year-on-year to 48,170 TEUs during the month.
India’s realty sector sees rise in ESG-linked fundraising amid tighter lending
Indian real estate is embracing green finance. Investment funds and property platforms are linking their fundraising to environmental and governance standards. This trend is attracting institutional investors seeking stable returns and lower risks. Recent deals by Sundaram Alternates, Brookfield India REIT, Mindspace Business Parks REIT, and Nexus Select Trust highlight this growing focus on ESG-aligned real estate.
AU Small Finance Bank collaborates with Intellect to accelerate its AI-first banking transition
AU Small Finance Bank (AU SFB) announced its collaboration with Intellect Design Arena, a global leader in AI-First, enterprise-grade financial technology, adopting its Purple Fabric platform, the world's first Open Business Impact AI platform. Through this collaboration, AU SFB aims to accelerate its journey towards becoming an AI-first bank and build a scalable, technology-led banking franchise powered by enterprise-wide intelligence.
Tata Motors PV posts first revenue dip in five years as JLR faces $1.1-billion headwind
A cyberattack and US tariffs on Jaguar Land Rover led to an operating loss, overshadowing a 17% revenue surge in the company's domestic passenger vehicle business.
Five reasons why Affle 3i shares have seen the biggest single day gain in four years
Affle 3i's CPCU business saw 12 crore converted users in the fourth quarter, taking the total converted users for the full financial year to 45.6 crore.