Corporate Update -4 June 2025

— Automotive & Mobility
Maruti Suzuki: Reported a 1.4% YoY increase in May production, totaling 1.95 lakh units.

Tata Motors: Launched the Harrier EV, boasting a 627 km range per charge.

TVS Motors & Kadam Mobility: Collaborated to deploy 500 electric three-wheelers, promoting clean mobility.
indiainfoline.com

–Industrial & Infrastructure
L&T: Secured water infrastructure orders worth ₹1,000–2,500 crore in Rajasthan.

Texmaco Rail: Received a ₹122 crore order for traction transformers from Western Railway.

Deepak Builders: Won a ₹120.85 crore EPC contract for Unity Mall in Karnal.

RITES: Emerged as the L1 bidder for a ₹28.5 crore urban infrastructure contract in Gujarat under AMRUT 2.0.

Railway Stocks: Experienced a surge of up to 13% due to increased government orders and capital expenditure focus.
equitymaster.com

— Banking & Financial Services
Yes Bank: Board approved raising up to ₹16,000 crore through equity and debt, with Sumitomo Mitsui Banking Corporation set to invest as a strategic partner.

LIC Housing Finance: Announced the appointment of three Senior Management Personnel on June 2, 2025.

Canara Bank: Reported a branch robbery involving 59 kg of pledged gold over the May 24–25 weekend in Karnataka.
timesofindia.indiatimes.com

–FMCG & Consumer Goods
Biocon: Received approval for the diabetes drug Liraglutide in India.

Britannia Industries: Strike at the Jhagadia plant in Gujarat has been called off.

Anand Rathi: Maintains a positive outlook on the FMCG sector, citing a resurgence in rural demand, declining input costs, and attractive stock valuations. Top picks include Hindustan Unilever, Godrej Consumer, and Emami.
ft.com
economictimes.indiatimes.com

–Technology & IT Services
HCL Tech: Announced a strategic partnership with UiPath to accelerate Agentic Automation for global enterprises.

TCS: Extended its 20-year partnership with Virgin Atlantic for AI-led airline modernization.

Wipro: Signed a multi-year AI-focused digital transformation deal with Entrust.

R Systems: Partnered with Mavvrik to offer AI cost governance tools for enterprises.

–Healthcare & Pharmaceuticals
Glenmark: ISB 2001 shows 74% ORR in RRMM trial; fast-track and orphan tag granted by USFDA.

Medicamen Biotech: Received USFDA approval for Bortezomib Injection, marking entry into the regulated market.

Niva Bupa Health: M Pallonji and Co bought 1.35 crore shares at Rs 83.95 per share.

Star Health: Promoter Setu AIF Trust bought 12.65 lakh shares on May 27 and 30.

—Energy & Utilities
Torrent Power: Signed a long-term SPA with BP Singapore Pte. Ltd for the supply of up to 0.41 MMTPA of LNG from 2027 to 2036.

Adani Green: Incorporated Adani Hydro Energy Ten for renewable power generation.

Thames Water: Facing uncertainty after KKR withdrew from a planned £4 billion investment; proceeding with a “Plan B” involving a debt-for-equity takeover by senior creditors.
thetimes.co.uk
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ft.com
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—Real Estate & Construction
Hubtown: Received 11,000 sq m TDR from Mumbai authorities for a slum rehabilitation project.

Greenply: Reduced Middle East stake to 19%, exited Hapur Plywood, and plans a new plant in Gujarat.

— Logistics & Transportation
IndiGo: Entered a codeshare partnership with Garuda Indonesia for expanded connectivity.

Zinka Logistics: Block deal launched; Quickroutes International to sell 9% stake at ₹405 floor price, aiming to raise ₹647 crore.

–Real Estate Investment Trusts (REITs)
Embassy Office Parks REIT: HSBC maintains a ‘Buy’ rating with a target price of Rs 435 per share.

Brookfield India REIT: HSBC maintains a ‘Buy’ rating with a target price of Rs 330 per share.

–Equity Market & IPOs
Virgin Australia: Planning to re-enter the stock market through a A$685 million ($442.78 million) IPO, marking Australia’s largest in 2025 so far.

Prostarm Info: Debuted on NSE with a 14% premium; BSE sees a 19% rise.

Arfin India: Applied for direct NSE listing to improve liquidity and visibility.
reuters.com