CORPORATE & ECONOMY NEWS — 12 June 2025
Financial Markets & Economy
• Market Trend: Equity benchmarks expected to open flat (Nifty ~25,210). Investor sentiment cautious amid global trade tensions, Middle East uncertainty, and U.S. Fed outlook.
• CPI Outlook: India’s May CPI inflation expected to drop to around 3%, a six-year low, bolstering RBI’s accommodative stance.
• Commodity Snapshot:
• Gold: ₹66,690/kg
• Silver: ₹76,600/kg
• Brent Crude: $79.62/barrel
• Copper: ₹739/kg
Technology & Digital
• Tanla Platforms: Announced a share buyback plan, final details to be declared on June 16.
• CE Info Systems (MapMyIndia): PhonePe may sell up to 5% stake (~₹476 crore) at ₹1,750/share. It currently holds 18.74%.
• Zydus Lifesciences: Received USFDA Establishment Inspection Report (EIR) for Ankleshwar API plant. Inspection rated “No Action Indicated.”
Infrastructure & Construction
• Sterlite Technologies: ₹2,631 crore contract from BSNL under BharatNet (J&K, Ladakh). Also signed by Dilip Buildcon under Package 13.
• HG Infra: L1 bidder for interstate transmission project in Odisha. Annual transmission charge set at ₹43.11 crore.
• SEPC: Received ₹650 crore solar EPC project LOA from Parmeshi Urja for 133 MW across Maharashtra.
• Marine Electricals: ₹60 crore order from ACG Universal Capsule for power systems.
Manufacturing & Industrial Goods
• Hindustan Copper: Expanded capacity to 12.2 MTPA from 4 MTPA, with ₹2,000 crore capex over 5–6 years.
• Waaree Energies: U.S. arm secured 599 MW solar module order.
Consumer, Retail & Lifestyle
• MedPlus Health Services: One drug license temporarily suspended for a Maharashtra store.

Financial Services
• City Union Bank: Plans to raise ₹500 crore via QIP.
• ICICI Bank: Sold 18.8% stake in NIIT Institute of Finance to NIIT for ₹6.1 crore.
• Angel One: Ketan Shah resigned from all executive positions, effective July 18.

Telecom & Connectivity
• BSNL: Central to major BharatNet deals with Sterlite & Dilip Buildcon.
• State Bank of India: To onboard 13,455 junior associates to boost customer services at branches nationwide.

Gaming & New Economy
• Nazara Tech: ₹2,384 crore open offer from Plutus Wealth, Axana Estates, and Junomoneta Finsol for 26% stake at ₹990/share — 22% discount to market price.

Capital Markets, IPOs & M&A
• Monolithisch India: SME IPO now open (June 12–16) to raise ₹82 crore; listing on June 19.
• Maruti Suzuki: NCLT approved merger with Suzuki Motor Gujarat.
• Kolte-Patil Developers: CCI approved Blackstone’s 40% stake acquisition for ₹1,166 crore.

Investor Takeaways – June 12
• Markets flat with cautious tone; inflation data may drive RBI rate path.
• Zydus clean FDA audit and CE Info block deal hint at stable pharma and tech mid-caps.
• Sterlite, HG Infra, SEPC, Dilip Buildcon — infra and energy contracting in full swing.
• Major buyback & stake deals: Nazara (discounted open offer), Tanla, PhonePe’s MapMyIndia exit.
• Hiring push by SBI and IPO activity (Monolithisch, Blackstone-Kolte Patil) signal economic momentum.