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Indusind Bank: Media reports suggest that Mr. Rajiv Anand of Axis Bank (currently Deputy MD), Mr Anup Saha of Bajaj Finance (recently elevated to MD & CEO role), Mr. Rahul Shukla of HDFC Bank (Head of Commercial and rural banking, who is currently on sabbatical leave) are the strong candidate for IndusInd Bank MD & CEO position. The indusind bank is likely to submit names to RBI by 30th June but has informally discussed these names with the regulator. Sentimentally positive
Power Mech Projects: Company has secured solar power contracts worth approximately Rs 159 crore from Bihar State Power Generation Company Limited (BSPGCL) for setting up grid-connected distributed solar power plants under the PM-KUSUM Component C2 scheme. The scope of work includes the design, supply, installation, testing, commissioning, and long-term operation and maintenance of the solar plants along with associated transmission infrastructure. Positive
Hitachi Energy India: Company has won a bulk order to deliver 30 units of 765 kV, 500 MVA single-phase transformers. These cutting-edge 765 kV transformers use natural ester insulating fluid instead of mineral oil. Natural ester is biodegradable, self-extinguishing, and safer and more reliable than mineral oil. As per our calculations, the contract price should be in the tune of Rs 700-750 crore. Positive
NTPC: The company is set to commission 660 MW unit-3 of Barh Super thermal power project stage-I from July 1, 2025. With this, the total installed and commercial capacity of NTPC on standalone and group basis will become 60,978 MW & 82,080 MW respectively. Positive
HCL Tech: The company expands partnership with Salesforce to accelerate enterprise adoption of Agentic AI with new services across various industries, including financial services, healthcare, retail and manufacturing, helping them transform into AI-augmented enterprises. Positive
Satin Creditcare board: The board is expected meet on July 1, 2025 to raise up to Rs 5,000 crore by issuing non-convertible debentures (NCDs) in one or more tranches on a private placement basis. The company has AUM of Rs. 11,850 as of March 2025. Positive
AU Small Finance Bank: Board meeting is scheduled on 28th June to consider and approve annual fund raising/borrowing plan through - Issue of equity shares through private placement or qualified institutions placement (QIP) or preferential allotment or through a combination thereof or any other alternative mode, as may be considered appropriate and Issue of debt instruments. It would be an enabling resolution.
Viewpoint: Gravita India update – Scaling Sustainably, Growing Profitably
Stock Update: Tech Mahindra – On the trajectory to achieve FY27 goals.
Stock Update: Max Financial – Steady outlook
Stock update: Trent – Eyeing strong growth through multiple drivers
Lemon Tree Hotels (LTHL): The company has announced its latest signing Lemon Tree Suites, Nashik. The property shall be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary of LTHL. It will feature 135 well-appointed suites, a restaurant, a lounge, a banquet, a meeting room, a swimming pool, a fitness center, a spa and other public areas. This property will be in addition to LTHL’s 14 operational and six hotels in pipeline. Positive
New India Assurance: The company gets Rs. 2,298 crore GST show cause notice for the period from April 2018 to March 2023. Sentimentally Negative
Tata Power: The company has applied for electricity distribution license across key growth regions in Maharashtra. Targeted areas include parts of Mumbai, Pune, Sambhaji Nagar and Nashik.
Suryoday Small Finance Bank: The Board has approved re-appointment of Baskar Babu Ramachandran, as the Managing Director & Chief Executive Officer of the bank for three years, effective January 23, 2026, which is subject to the approval of the Reserve Bank of India and the shareholders of the bank.
Aditya Birla Capital: The company’s flagship ‘ABCD’ digital app has suffered a cyberattack, according to media reports. An unidentified hacker breached the app and sold digital gold amounting to nearly Rs. 2 crore from the accounts of 435 customers. According to company officials who requested anonymity, the technical vulnerabilities around the cyber hack have been resolved and the app’s digital gold services are secure and live. The ABCD officials are working with cyber insurance partners, law enforcement and CERT-In to ensure implementation of corrective actions and a probe is on-going to find the perpetrators of the cyber hack. Neutral