Market News
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Stock Alert: Route Mobile, Bharti Airtel, Hero MotoCorp, V2 Retail, NMDC
Bharti Airtel said its subsidiary, Airtel Money has commenced commercial operations as a Type II non-deposit accepting non-banking financial company (NBFC).
NCLAT upholds full PF, gratuity payments for Jet Airways employees
In a landmark decision, the NCLAT has ruled that former Jet Airways employees are entitled to their full provident fund and gratuity dues, even if separate accounts weren't maintained. Financial creditors' appeals were dismissed, affirming these statutory dues must be paid outside the liquidation estate. While salary claims will follow the IBC's waterfall, this ruling offers significant relief to workers.
Hero MotoCorp June dispatches dip 2.3% as domestic sales soften, exports grow
Hero MotoCorp saw a slight dip in June wholesale dispatches, primarily due to weaker domestic sales, though exports surged significantly. While motorcycle sales declined, scooters experienced robust growth. The company's electric mobility arm, VIDA, also showed impressive gains. Despite the monthly slowdown, Hero MotoCorp kicked off the financial year strongly with a substantial 23% rise in first-quarter dispatches, driven by demand across its diverse product range.
ZF Commercial Vehicle slides as CFO resigns
ZF Commercial Vehicle Control Systems India fell 1.86% to Rs 2,514 after the company said its chief financial officer (CFO) & key managerial personnel (KMP), Sweta Agarwal, has resigned effective from the close of business hours on 30 June 2026.
Stocks to Watch for July 1: Auto stocks, Kotak Mahindra Bank, Prestige Estates, KPIT Tech and more
From KPIT Tech expecting its financial performance for the June quarter (Q1FY27) to fall short of earlier expectations to Kotak Mahindra Bank Ltd signing a business transfer agreement worth about ₹281.7 crore in cash to acquire Deutsche Bank AG’s retail banking, here are stocks to track ahead of Wednesday trading session.
Kotak Mahindra Bank to acquire Deutsche Bank's India retail banking business
Kotak Mahindra Bank has significantly expanded its footprint by acquiring Deutsche Bank's retail, private banking, and wealth management operations in India. This substantial deal, one of the largest in recent years, includes approximately ₹29,000 crore in loans and ₹16,000 crore in deposits. Around 1.5 lakh clients and nearly 1,000 employees will now join Kotak Mahindra Bank, bolstering its presence in the Indian financial landscape.
Espire Hospitality posts revenue of Rs 141 crore for FY26, PAT at Rs 8 crore
Espire Hospitality has achieved a landmark financial year 2026, reporting Rs 141 crore in revenue, a 17% increase, and Rs 8 crore in profit. The company saw a strong Q4 with Rs 49 crore revenue and Rs 11 crore EBITDA. With 17 hotels and significant expansion plans, including a Rs 300 crore ultra-luxury resort near Vrindavan, Espire is poised for continued growth across diverse travel segments.
'Creditors can't seek claims beyond okayed resolution plan'
Creditors seeking duplicate recoveries from group companies after a resolution plan is finalized will be disappointed, the NCLT ruled. JM Financial ARC's bid to recover more from KSK Mahanadi Power via guarantees was dismissed, as the tribunal found their admitted dues were already fully satisfied. This landmark judgment clarifies that approved resolution plans are binding, preventing further claims outside their scope.
Aurobindo Pharma among 9 mid-cap stocks to hit 52-week highs & rally up to 20% in a month
The Sensex fell 372 points on Monday, but nine BSE Midcap stocks touched fresh 52-week highs, signalling resilient investor confidence. Bank of Maharashtra, Thermax, Bharat Forge, Oracle Financial Services and Laurus Labs were among the key outperformers despite broader market weakness.
Bajaj Auto buyback opens July 1; shareholders can tender shares till July 7
Bajaj Auto's Rs 5,633 crore share buyback will open for tender on July 1 and close on July 7. Eligible shareholders holding shares as of the June 24 record date can participate through the tender offer. The company said the buyback will not adversely impact its financial position.
Tata Motors says IVECO deal to make it fourth-largest global CV maker
Tata Motors said its commercial vehicles business maintained domestic market leadership while reporting record FY26 financial performance. The company also expects its proposed acquisition of IVECO Group to close by Q2 FY27, subject to remaining regulatory approvals.
Interglobe Aviation among 4 stocks flashing bullish signals, hinting at a possible uptrend
Four Nifty500 stocks formed a bullish White Marubozu pattern, signalling strong buying interest throughout the session. Mahindra & Mahindra Financial Services, Tata Motors, Asahi India Glass and InterGlobe Aviation featured on the scanner.