Sector-wise summary of major corporate, business, and equity investor news – June 5, 2025

>>Initial Public Offerings (IPOs)

3B Films IPO: SME IPO subscribed 1.80x overall; retail portion 2.75x. Allotment finalized June 4; shares to be credited June 5.

SMPP IPO: Defense manufacturer to raise ₹5980 Cr (Fresh: ₹580 Cr; OFS: ₹3420 Cr).

NSDL IPO: Expected issue size ~₹3000 Cr.

Avanse Financial Services IPO: Plans ₹3500 Cr IPO including ₹1000 Cr fresh issue.

Arfin India: Applies for direct NSE listing to boost liquidity.

Prostarm Info: Debuts on NSE with 14% premium; BSE lists with 19% rise.

>> Industrials & Infrastructure

L&T: Bags ₹1,000–2,500 Cr water infra orders from Rajasthan PHED.

Deepak Builders: Wins ₹120.85 Cr Unity Mall EPC contract in Karnal.

Texmaco Rail: Receives ₹122 Cr traction transformer order from Western Railway.

RITES: Emerges L1 bidder for ₹28.5 Cr Gujarat urban infra TPI contract (AMRUT 2.0).

Techno Electric: To build 10MW RailTel data center in Noida on revenue-share model.

>> Real Estate & Construction

Hubtown: Gets 11,000 sq m TDR from Mumbai authorities for slum rehab.

Greenply: Reduces Middle East stake to 19%, exits Hapur Plywood; new plant planned in Gujarat.

Greenply: Appoints Bharath Rao as EVP – Sales.

>> Energy & Renewables

CESC subsidiary: Awards ₹346 Cr solar EPC contract to WAAREE for 300MW project in Rajasthan.

Gujarat Fluoro: Plans ₹1600 Cr capex in EV battery & fluoropolymer segments.

Adani Green: Sets up Adani Hydro Energy Ten for renewable power.

Govt: Executes ₹24,000 Cr 4G capex; beneficiaries include Indus Towers & Bharti Hexacom.

>> Technology & IT Services

TCS: Extends 20-year partnership with Virgin Atlantic for AI-driven airline modernization.

Wipro: Signs multi-year digital transformation deal with Entrust.

R Systems: Partners with Mavvrik for AI-based cost governance tools.

Quess Corp: Launches ‘Origint’ to target $105B GCC market; Mohit Mathur to lead.

RateGain: Launches REMO, a conversational AI tool.

>> Healthcare & Pharma

Glenmark: ISB 2001 achieves 74% ORR in RRMM trial; USFDA grants fast-track & orphan drug tags.

Medicamen Biotech: Gets USFDA nod for Bortezomib Injection.

Zydus/Zynext Ventures: To acquire 5.9% stake in Agenus Inc. for $16M; exclusive licensing deal for India-Sri Lanka.

>> Financial Services & Fintech

Paytm Cloud: Establishes 100% Singapore subsidiary.

KFin Technologies: Gets SEBI nod for Singapore arm; RBI NOC pending.

Ethos: Approves fundraise up to ₹410 Cr via rights issue.

Kaynes Tech: Plans QIP fundraising.

Nippon Life MF: Cuts 0.19% stake in Fusion Finance (now 2.57%).

SBI MF: Trims 0.26% stake in Mrs Bectors (now 3.39%).

>> Automotive & Mobility

Tata Motors: Launches Harrier EV with 627 km range.

Force Motors: May sales up 19.4% YoY at 3,088 units; domestic up 24.5%, exports down 52.2%.

TVS Motors & Kadam Mobility: To deploy 500 electric 3-wheelers.

>> Consumer & Retail

Godrej Consumer Products: Morgan Stanley maintains Overweight; TP ₹1431.

CEAT: Nomura rates Buy; TP ₹3945. Nuvama also maintains Buy; TP ₹3800.

>> Realty Investment Trusts (REITs)

Embassy Office Parks REIT: HSBC maintains Buy; TP ₹435.

Brookfield REIT: HSBC maintains Buy; TP ₹330.

>> Market Commentary & Ratings

Morgan Stanley: Positive on M&M (₹3668), Tata Power (₹449), Infosys (₹1800), Godrej CP (₹1431); Neutral on JSW Steel (₹1000), ICICI Lombard (₹1855), Tata Motors (₹715).

Nomura: Neutral on Tata Motors (₹799).

Jefferies: Positive on cement sector Q4 rebound.

Moody’s: Neutral view on Indian banks; sees resilient asset quality despite global headwinds.

HSBC: Sees Indian inflation trending below target; expects 25bps rate cut.

Morgan Stanley: Predicts strong PSU bank rerating.

>> Policy, Economy & Regulatory

OECD: Cuts US GDP forecast to 1.6% for 2025 (from 2.2%); warns inflation could hit 4% due to Trump tariffs.

SEBI: Reviewing delisting norms for PSUs with high promoter holding.

RBI MPC: Meeting under way; policy decision awaited.

UBS: Raises India GDP forecast to 6.4% for FY26.

>> Legal & Compliance

Akzo Nobel: Receives revised ₹93.06 lakh GST demand from Bihar for FY20.

Canara Bank: Reports gold robbery of 59kg over weekend.

Swan Defence: MPS compliance review underway.

>> Company Operations & Output

Premier Explosives: Factory ops resume in Telangana after 3-month shutdown.

Shanmuga Hospital: Shuts Salem pharmacy unit.

MOIL: May output up 18% YoY to 1.71 lakh tonnes.

Ather Energy: Rizta model crosses 1 lakh sales; now 60% of total volumes.

Welspun Corp: Confident of ₹2200 Cr EBITDA; sees crude drop to $40 as key risk.

>> International & Strategic Affairs

UK: Scrambles to avoid $1B EU carbon tax hit.

India Govt: Firm on avoiding telecom duopoly despite Voda Idea challenges.

>> Defense & Aerospace

HAL: Receives 24 bids from Indian firms for AMCA JV; to bid in ADA EoI.

Sansera Engineering: Signs ₹160 Cr contract with Airbus for transport modules.

>> Partnerships & Collaborations

IndiGo: Signs codeshare agreement with Garuda Indonesia.

VeeFin: Expands embedded supply chain finance with PSBXchange.

Panorama Studios: Increases LLP stake to 60%; enters inflight entertainment space.

Vardhman Special Steel: Stake up to 24.9%; signs SHA with Aichi Steel.

>> Global Markets & Economy
The OECD reduced its forecast for U.S. economic growth in 2025 to 1.6% from 2.2%, citing concerns over potential stagflation due to tariffs.

The Reserve Bank of India’s Monetary Policy Committee is in its second day of meetings, with market participants closely watching for potential rate decisions.

UBS raised India’s GDP growth forecast for FY26 to 6.4%, citing strong economic momentum and resilience.

Nvidia surpassed Microsoft to become the world’s most valuable company by market capitalization, reflecting the growing importance of AI and semiconductor sectors.

Circle Internet Group set its IPO price at $31 per share for its June 5 NYSE debut, offering 34 million shares of Class A common stock.
investing.com