Indian equity indices surged on 6th June, with the NIFTY crossing the 25,000 milestone following the Reserve Bank of India's (RBI’s) aggressive monetary easing measures. The central bank delivered a substantial 50bps (basis point) reduction in the repo rate alongside a 100bps cut in the cash reserve ratio (CRR). Markets responded enthusiastically, with the Sensex climbing 746.95 points (0.92%) to close at 82,188.99, while the NIFTY gained 252.15 points (1.02%) to settle at 25,003.05.
RBI's unexpected and decisive growth-oriented policy shift has generated significant market optimism. The substantial rate reduction, combined with enhanced liquidity through the CRR adjustment, is anticipated to enable rapid transmission of lower borrowing costs, demonstrating the central bank's firm dedication to economic expansion, investment promotion and consumption stimulation. This monetary policy recalibration has particularly benefited rate-sensitive sectors, with banking, real estate, automotive and consumer durables stocks spearheading the market rally.
The repo rate reduction to 5.5% comes amid a notable decline in inflationary pressures, dropping from 6.2% in October 2024 to 3.2% in April 2025, falling below the 4% target threshold. With favourable monsoon predictions and declining global commodity prices, inflation projections for FY25-26 have been revised downward to 3.7% from the previous 4% estimate, while gross domestic product (GDP) growth guidance remains steady at 6.5%. The monetary policy committee also adopted a neutral stance and announced a phased 100bps CRR reduction to 3%, providing crucial economic support, amid prevailing global uncertainties. These measures offer significant relief to borrowers, with equated monthly instalment (EMI) reductions following a cumulative 100bps rate cut since February.
The trends of the major indices in the course of the week's trading are given in the table below:
Corporate News
NALCO postponed its Rs30,000-crore expansion plan by a year, following the collapse of its technology partnership with Rio Tinto Canada. The delay also stems from ongoing discussions regarding power supply arrangements.
Tilaknagar Industries, known for its Mansion House brand, is leading the race to acquire Pernod Ricard’s Imperial Blue whiskey in a US$600mn (million) deal. If finalised, this would be the largest merger & acquisition (M&A) transaction in the liquor industry since 2013.
Sun Pharma Advanced Research Company (SPARC) investigational psoriasis drug, Viboziimod (SCD-044), failed to meet primary endpoints in phase-2 trials. The company announced the discontinuation of the drug’s development and confirmed an ongoing US food and drug administration (US FDA) inspection at its Halol facility.
Vedanta expanded its renewable energy power capacity to 1.03GW (gigawatt), with a target of 2.5GW by 2030. This growth is expected to mitigate over 6mn tonnes of carbon emissions annually, supporting the company’s net-zero target by 2050.
Dr Reddy’s Laboratories entered into a collaboration and licence agreement to co-develop, manufacture and commercialise a bio-similar candidate to Keytruda (pembrolizumab) for global markets. Keytruda is widely used in the treatment of multiple cancer types.
Garden Reach Shipbuilders & Engineers signed memorandum of understanding (MoUs) and memorandum of instruction (MoIs) for four multi-purpose vessels, with the contracts expected to be finalised by 31 August 2025.
Starlink, Elon Musk's satellite communication company, is expected to receive its licence by mid-June, paving the way for its entry into the Indian market.
Ashok Leyland’s subsidiary, Optare Plc, had acquired a 1.01% stake in Switch Mobility UK from Dana Ltd, increasing its ownership from 98.56% to 99.57%. With Hinduja Automotive’s stake, the group now holds full 100% ownership of Switch Mobility UK.
US FDA concluded general good manufacturing practices (GMP) inspection at Piramal Pharma’s facility at Aurora (Canada). The inspection was completed successfully with Zero Form - 483 observations and no action indicated (NAI) designation. The company remains committed to maintain the highest standards of compliance.
NMDC reported 89.32% rise in its iron ore production and 53.90% growth in sales of the mineral in May 2025. It produced 4.43mn tonnes iron ore in May 2025, higher from 2.34mn tonnes in same month last year. NMDC sold 4.34mn tonnes iron ore May 2025, up from 2.82mn tonnes in May 2024.
RailTel Corporation of India selected Techno Electric & Engineering (TECL) as managed service data centre partner through open tender process on revenue sharing basis to setup 10MW data centre in phases on the company’s land in Noida. The letter of intent (LoI) was issued in this regard. As per the LoI, the company will receive revenue share on fixed percentage basis. The tenure of this contract is 30 years including implementation time period and may be further extended with mutual consent between RailTel and TECL.
Confidence Petroleum India commissioned eight additional auto LPG dispensing stations across various strategic locations in the country. With this expansion, the total number of operational auto LPG stations of the company stands at 295.
Cosmo First commissioned new BOPP (biaxially oriented polypropylene) Film Line with capital expenditure (capex) of over Rs400 crore at the company's existing manufacturing plant located at Aurangabad (Maharashtra). The new line boasts an annual rated capacity of 81,200MT with the world’s most advanced technology. With the commissioning of the new line, the company’s annual BOPP capacity will increase by around 40% to 277,000MT.
US FDA concluded an inspection at Alembic Pharmaceuticals API-1 & 2 facility located at Panelav (Gujarat). This was an un-announced and routine cGMP inspection. The US FDA issued Form 483 with four observations. None of the observations is related to data integrity and tha management believes that they are addressable.
Zydus Lifesciences received tentative approval from the US FDA for Rifaximin tablets, 550mg (USRLD: Xifaxan Tablets, 550mg). Rifaximin tablets are indicated for the treatment of irritable bowel syndrome with diarrhoea (IBS-D) in adults.
KRN Heat Exchanger and Refrigeration’s wholly-owned subsidiary—KRN HVAC Products—commenced commercial production and operations at its manufacturing plant located at Alwar (Rajasthan). The plant is engaged in manufacturing of heat exchangers and HVAC Products.
InterGlobe Aviation (IndiGo) signed an MoU with Bangalore International Airport (BIAL) as part of the airline’s sustained commitment to enhancing its operational capabilities at the Kempegowda International Airport, Bengaluru. Under the agreement, BIAL will allocate around 31 acres of land to IndiGo for development of maintenance, repair and overhaul (MRO) infrastructure to support the airline’s expanding fleet.
Tech Mahindra signed multi-year partnership with Hanab to modernise its IT infrastructure. The partnership aims to streamline operations and implement next-generation technologies to support Hanab’s growth aspirations. This partnership comes at a critical juncture for Hanab as the organisation establishes its operational independence after its recent acquisition by Triton Partners, one of Europe’s leading private equity (PE) firms. Hanab will leverage Tech Mahindra’s extensive expertise in digital IT transformation and IT-carve outs to create a secure, scalable and future-ready IT infrastructure.
Indoco Remedies subsidiary—Indoco Remedies UK— launched Ticagrelor film-coated tablets 90mg in UK. This significant addition to the company’s portfolio will be marketed and distributed by Clarity Pharma, across UK. Ticagrelor film-coated tablets are indicated to reduce the chances of heart attack, stroke, myocardial infarction (MI) or diseases related to the heart or blood vessels.
Waaree Renewable Technologies was awarded letter of award (LoA) worth Rs346.33 crore for the execution of engineering-procurement-construction (EPC) works of solar power project of 300MW AC/435MW DC capacity. The project is scheduled to be completed in FY25-26, as per the terms of the order.
Royal Orchid Hotels (ROHL) signed a new Regenta branded hotel, in the picturesque town of Dehradun (Uttarakhand). The new property Regenta Resort Dehradun will operate under a management contract model aligning with ROHL’s asset-light expansion strategy. With the addition of this hotel, ROHL will have eight hotels in Uttarakhand.
Marico entered the cold-pressed oils market under its Saffola brand, introducing a range featuring dual seed (groundnut & sesame) and single seed (100% mustard) oils. Designed to support heart health with balanced MUFA (Monounsaturated Fatty Acids) and PUFA (Polyunsaturated Fatty Acids) content, the products start at Rs356 for one litre mustard oil and are launched via quick commerce platforms, marking a strategic expansion of Saffola’s healthy cooking oils portfolio.
Coforge received merger approval for consolidating its subsidiaries—Coforge Services Ltd (CSL), CoforgeSmartServe Ltd (CSSL) and Coforge SF (SF)—into Coforge DPA, a wholly-owned subsidiary. The move aligns with Coforge’s entity simplification strategy to enhance operational efficiency.
Welspun Aunta-Simaria Project, a subsidiary of Welspun Enterprises (-0.02%), received the provisional commercial operations date (PCOD) from national highways authority of India (NHAI) for the 4-/6-laning of the Aunta–Simaria (Ganga Bridge) section of NH-31 in Bihar. The 8.15km project is executed under the hybrid annuity mode (HAM).
Oswal Greentech won an arbitration award of Rs97.17 crore against ArrEss Industries as ruled by sole arbitrator justice Deepak Verma. The company had initially claimed Rs472.17 crore, securing about 21% of the demand. Oswal Greentech is now evaluating further legal action regarding the award.
Tejas Networks received Rs122.96 crore from the department of telecommunications (DoT) under the production linked incentive (PLI) scheme for telecom & networking products. This tranche accounts for 85% of the eligible incentive for Q3FY24-25, with the remaining 15% expected as per PLI scheme guidelines.
Orders
Transrail Lighting secured new orders worth Rs534 crore across domestic and international geographies. The company’s order intake has crossed Rs1,600 crore in FY25-26 , driven by core transmission & distribution (T&D) segment.
Adani Energy Solutions (AESL) won a Rs1,660 crore inter-state transmission project in Maharashtra. The project scope includes establishment of 3,000MVA (mega volt-amperes) of substations capacity, besides other related transmission infrastructure, taking AESL’s overall transmission network to 26,696ckm and 93,236MVA of transformation capacity. AESL is scheduled to commission the project by January 2028.
Sansera Engineering entered a long-term contract worth around Rs160 crore (US$18.80mn) with Airbus Defence and Space for the manufacture, supply, and support of the airborne intensive care transport module (ICTM) for light and medium transport aircraft programmes.
Bharat Electronics Limited (BEL) secured fresh orders worth Rs537 crore. The contracts cover communication equipment, ship-based composite communication systems, jammers, software and simulator upgrades, spares, test rigs and services.
Investment/ Acquisitions/Merger / Stake Sale
Caplin Point laboratories’ subsidiary will acquire Triwin Pharma SA DE CV in Mexico, strengthening its pharmaceuticals marketing and distribution capabilities. The move supports tender sales and enhances a stock-and-sale model in LATAM (Latin American) markets, marking a positive expansion for the company.
National company law appellate tribunal (NCLAT) suspended the 30th May order by NCLT Mumbai that admitted Reliance Infrastructure into the corporate insolvency resolution process (CIRP). This decision follows the company’s appeal in case CP (IB)/624(MB) 2022, putting the insolvency admission under insolvency and bankruptcy code IBC on hold, until further notice.
Man Industries allotted 2.5mn equity shares through warrant conversions, raising its equity share capital to Rs33.61 crore. The transaction has led to a change in the shareholding structure of Man Finance Private Limited, a promoter group entity.
Adani Airports secured US$750mn in global financing through external commercial borrowings (ECB), with First Abu Dhabi Bank, Barclays PLC and Standard Chartered Bank as lenders. The funds will refinance US$400mn in existing debt and support growth capex for six airports and non-aero businesses. The company served 94mn passengers in FY24-25 and aims to triple capacity to 300mn by 2040, with Navi Mumbai Airport’s phase-1 launch expected soon.
Adani Ports and Special Economic Zone (APSEZ) successfully raised Rs5,000 crore through a 15-year non-convertible debenture (NCD). Backed by company’s strong financials and a ‘AAA/Stable' domestic credit rating, the issue locked in a competitive coupon rate of 7.75%pa (per annum) and was fully subscribed by LIC. The debentures will be listed on the BSE.
Vodafone Idea received approval for raising of funds in one or more tranches, either by way of further public offer or private placement (including qualified institutions placement) up to an aggregate amount of Rs20,000 crore.
APSEZ’s board, at its meeting held on 31 May 2025 has approved a, tender offer of its outstanding senior notes up to US$1bn(billion), in one or more tranches, over the next six financials quarters. The board has approved to buyback of company’s US$ bonds.
Top gainers and losers of the major indices for the week are given in the table below:
