Top Corporate & Economic Headlines

>Clean Energy & Infrastructure

Tata’s Gopalpur SEZ joins World Economic Forum initiative to accelerate clean energy transition.

VinFast’s $2 bn Tamil Nadu EV plant misses out on India’s key incentive scheme; must invest an additional ₹4,150 crore to qualify.

Microsoft to invest $400 million in Switzerland to expand AI and cloud infrastructure.

Godrej Properties acquires 14-acre land parcel in Pune for a ₹4,200 crore residential project.

Signature Global plans ₹4,000 crore investment in FY26 for new construction projects.

-Oil, Gas & Commodities
ONGC’s downstream operations expected to cushion falling oil price impact: S&P Global Ratings.

US steel and aluminium tariffs will have limited impact on India, says Commerce Minister.

Aluminium industry flags concern over U.S. tariff hike under Trump’s proposed policy.

>Financial Services & Markets
US life insurers shifted $800 billion offshore between 2019 and 2024: Moody’s.

India’s index-linked bonds see record foreign outflows in May amid profit-taking and currency volatility.

General insurance premium expected to grow 8.7% in FY26, 10.9% in FY27: ICRA.

Dairy sector projected to post 11–13% revenue growth in FY26: Crisil Ratings.

Digital banking startup Chime and shareholders plan to raise $832 million via U.S. IPO.

KKR provides $600 million in growth capital to Manipal Group for expansion.

India must streamline regulations for the institutional trustee sector, experts suggest.

-Auto, Aviation & Transport
Domestic car sales dip prompts major automakers to focus on export markets.

Maruti Suzuki urges government support to revive small car demand.

Maruti says no immediate impact from China’s magnet export restrictions.

Tesla not interested in India manufacturing as EV policy finalisation nears.

Govt offers import tax cuts for EV makers willing to manufacture locally.

Ashok Leyland reports 5% YoY increase in May sales of trucks, buses, and LCVs.

Embraer in talks with IndiGo and Air India; sees strong opportunities in India.

-Technology & Telecom
Sonata Software’s Q4 revenue impacted by client-led shift to AI automation.

Infosys BPM launches AI-powered invoice processing module for its cloud platform.

Deutsche Bank appoints Stefan Schaffer as CEO of its India Global Capability Centre.

-Healthcare & Pharma
Apollo Hospitals to continue growth via healthy capacity additions.

Sugar industry seeks ethanol price hike as blending rate drops to 28%.

Cipla receives one Form 483 observation following US FDA audit of Bengaluru plant.

-Travel & Tourism
MakeMyTrip launches AI-powered train seat prediction tool to reduce waitlisted fares.

IATO urges government to create ₹1,000 crore fund to boost foreign tourist inflows.

-Regulations & Governance
IBBI notifies key amendments to streamline India’s corporate insolvency resolution process.

Dalmia Bharat to seek shareholder nod to raise up to ₹4,000 crore in multiple tranches.

Canara Bank to consider capital raising strategy for FY26 on June 20.

-Global Business
EU fines Delivery Hero €329 million for anti-competitive practices.

EU to restrict China’s access to medical device procurement.

L’Oréal CEO outlines plans to more than double India business in coming years.

-SIKA Interplant Signs License Agreement with Collins Aerospace
SIKA Interplant Systems Ltd. has entered into a licensing agreement with Collins Aerospace (France & UK).

The agreement covers MRO (Maintenance, Repair & Overhaul) services for primary flight control actuation parts on Airbus A320/A321 aircraft.

SIKA is authorized to provide these services for aircraft operating in India and select neighboring countries.

This deal significantly enhances SIKA’s MRO capabilities in the regional aerospace sector.

-YES Bank Drops 7% After Clarification on Sumitomo Mitsui Stake News
YES Bank issued a statement clarifying it is not privy to any stake acquisition discussions by Sumitomo Mitsui, as reported in media.

The stock fell 7% intraday amid market speculation.

The bank maintains a neutral stance on the news.

-Waaree Renewable Technologies Secures ₹350 Crore Order from CESC
Waaree Renewable Technologies has received a significant order worth ₹3.5 billion (₹350 crore) from CESC.

The order strengthens Waaree’s position in the renewable energy EPC segment.

-Global Equity Fund Outflows Surge
Japanese equity funds recorded a record weekly outflow of $11.8 billion, driven by rising bond yields.

U.S. stock funds saw outflows of $5.1 billion, while global equity funds lost $9.5 billion, as investors booked profits following recent rallies.

– IndusInd Bank Promoters Explore Capital Raise
Promoters of IndusInd Bank are in preliminary talks with long-term investors, including sovereign wealth funds and pension funds, to raise fresh capital through a new share issuance, reports Mint.

– KFin Technologies Gets SEBI Nod for Singapore Expansion
KFin Technologies has received a No Objection Certificate (NOC) from SEBI to establish a wholly owned subsidiary in Singapore.

The NOC remains valid if submitted to RBI within one year.

-Biocon Receives Approval for Diabetes Drug Liraglutide in India
Biocon Ltd. and Biocon Pharma Ltd. have received CDSCO approval for Liraglutide, the generic version of Victoza®, used to treat Type 2 diabetes.

Approval was granted via the “101 route,” aligning with global regulatory decisions.

The drug will be launched through commercial partners and is targeted at India’s 77 million-strong diabetic population.

This move strengthens Biocon’s GLP-1 portfolio and positions it as a potential market leader in diabetes and obesity treatment, according to Kiran Mazumdar-Shaw.