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Escorts Kubota tractor sales up 19.1% at 13,695 units in June
Escorts Kubota reported a 19.1% surge in total tractor sales for June 2026, reaching 13,695 units compared to the previous year. Domestic sales climbed 19.8%, while exports saw a 4.4% increase. Despite a delayed monsoon impacting Kharif sowing, improved wholesale and retail performance fueled this growth. The company remains watchful of monsoon progress and El Nino's effects on rural sentiment and future growth.
M&M total sales jumps 37% to 1.06 lakh units in June
Mahindra & Mahindra witnessed a robust 37% surge in total sales for June, reaching 1,06,207 units. Domestic SUV sales climbed 28%, while commercial vehicle sales saw a 35% increase. The Farm Equipment Business also reported a 12% rise in tractor sales, with domestic figures showing similar growth. Exports for tractors also experienced an 8% uptick.
Escorts Kubota gains after June 2026 sales rise 19% YoY to 13,695 units
Escorts Kubota added 2.18% to Rs 2,995.80 after the company reported a 19.1% year-on-year increase in tractor sales for June 2026, with total volumes rising to 13,695 units compared to 11,498 units in June 2025.
VST Tillers Tractors reports 3% growth in June 2026 sales
VST Tillers Tractors reported a 3.02% year-on-year increase in total sales for June 2026, with overall volumes rising to 8,107 units from 7,869 units in June 2025.
RBI's New collateral rule is a 'death knell' for prop trading, warns Crosseas Capital MD
Rajesh Baheti, Managing Director of Crosseas Capital Services, estimated that Indian broking houses and domestic high-frequency trading (HFT) firms account for 30% to 35% of total exchange turnover. He said the new collateral requirements could reduce activity in this segment by 30% to 35%, resulting in an estimated 10% to 12% decline in overall daily trading volumes.
Genus Power tanks 12% on huge volumes; 65 million shares change hands
A combined 65 million equity shares representing 21 per cent of total equity of Genus Power changed hands on the NSE (35.64 million) and BSE (29.24 million) till 10:22 AM on Tuesday, shows data.
Vedanta Iron & Steel shares extend winning streak, surge 10%; stock up 70% since listing
Vedanta Iron & Steel shares jumped, extending an 11-day winning streak and taking total gains to over 70% since listing earlier this month. The stock debuted at Rs 20 following Vedanta Group’s demerger and has nearly doubled its market cap to about Rs 13,941 crore from Rs 7,821 crore.
BEML shares to be in focus on Monday after securing additional $5.35 million Middle East export order
BEML Ltd. secured a $5.35 million export order, raising its contract total to $41.73 million. The company's international order book reached $112.35 million. Despite record revenue, net profit declined. Shares have fluctuated since 2024, currently down 36% from a peak.
Transrail Lighting Ltd secures overseas orders worth Rs 459 cr
Transrail Lighting Ltd has secured significant international orders totaling approximately Rs 459 crore, primarily for transmission line construction in the Middle East and North Africa. This boosts the company's total order inflow for the year to Rs 1,034 crore. Additionally, Transrail is the Lowest (L1) bidder for projects worth around Rs 400 crore, indicating a strong future pipeline and sustained growth prospects.
BEML bags additional order worth $5.35 million from West Asia; Here's where total order value stands
BEML wins an additional 5.35 million dollar West Asia export order, lifting contract value to 41.73 million dollars and total international orders to 112.35 million dollars
RBI issues Master Direction for Credit Derivatives
In pursuance of the announcement made in the Union Budget for FY 2026-27, to enable the introduction of derivatives on credit indices and total return swaps on corporate bonds, the Reserve Bank of India had issued Draft Directions on February 6, 2026, seeking feedback from market participants, stakeholders and other interested parties. The feedback received on the draft directions has been examined and consequent modifications have been suitably incorporated in the final Master Directions.
Centre approves Rs 530 cr for intelligent transport system in Chennai
Chennai is set to revolutionize its traffic management with a Rs 500 crore intelligent transport system. Funded by a loan from Japan, the project will enhance efficiency and handle growing demands. Key features include advanced traffic control at numerous junctions, incident detection, and real-time information systems. The Greater Chennai Corporation anticipates full operation by August 2026, promising a smoother commute for residents.