Apollo Micro Systems shares gained after reports said the company is close to acquiring Premier Explosives in a deal valued at Rs 2,300-2,500 crore. The proposed acquisition would strengthen Apollo’s presence across the defence manufacturing value chain amid rising government spending and growing investor interest in the sector.Read More

Dr Reddy’s shares fell sharply on Thursday after the company delayed commercial supplies of its semaglutide product due to a quality issue involving the active pharmaceutical ingredient (API). The company said patient safety and regulatory filings remain unaffected, while an investigation is underway to identify the root cause and restore supplies.Read More

Nifty 500 stocks experienced sharp declines, far exceeding index movements. Several companies saw their values drop by over fifty percent from recent highs. Reliance Power and Cohance Lifesciences are among the biggest losers in this market correction.Read More

SBI Funds Management’s Rs 11,693-crore IPO has earmarked up to 1.3 crore shares worth nearly Rs 750 crore for eligible SBI shareholders. The offer opens on July 14, with over 38 lakh SBI shareholders eligible to apply under the reserved category, subject to meeting the company’s eligibility criteria.Read More

China’s factory-gate inflation reached its fastest pace in four years during June. Producer prices rose 4.1 percent year-on-year, driven by energy and commodity costs. However, consumer inflation slowed to 1.0 percent, reflecting weak domestic demand. Manufacturers face rising costs but struggle to pass them onto consumers. This uneven recovery highlights export strength against domestic economic...Read More

Cupid shares have rallied over 40% in the past month, driven by strong Q1 business momentum and an upgraded FY27 revenue outlook. After the sharp surge and recent volatility, technical experts see the broader uptrend intact while advising investors to closely monitor key support levels before taking fresh positions.Read More

Vedanta Oil and Gas shares rose sharply on Thursday, outperforming its recently listed Vedanta group peers after reports that the Delhi High Court cleared the enforcement of $99 million in arbitral awards in favour of Vedanta and Ravva Oil. The development boosted investor sentiment despite the company’s weaker Q1 production performance.Read More

India Inc’s revenue is estimated to have grown 11-11.5% year-on-year in Q1FY27, marking the fastest pace in eight quarters, according to Crisil Intelligence. While pricing power helped companies offset higher input costs amid the West Asia conflict, margins remained under pressure due to rising fuel, freight and raw material expenses.Read More

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Japan’s Nikkei share average rebounded on Thursday after a three-day losing streak. AI-related shares tracked gains in the U.S. technology sector, boosting the index. Higher oil prices, however, kept investor optimism in check following renewed U.S.-Iran hostilities. The Nikkei 225 index climbed 1.4% to close at 67,743.85 points. Market breadth was negative as gains were...Read More