HDFC Bank announced significant leadership changes with the Board approving the appointment of Rajiv Kumar as Additional Director (Independent Director) for four years, effective June 30. Kumar has also been appointed as Part-time Chairman of the bank, subject to RBI approval. Additionally, the Board approved the appointment of Puneet Sharma (former CFO of Axis Bank) as Chief Financial Officer-Designate effective September 1, 2026, and as CFO from December 1. Sharma has resigned as CFO of the bank effective August 31, while Rajeev Mantri has resigned as CFO effective September 25. Engineers India saw Atul Gupta appointed as Chairman & Managing Director by the Ministry of Petroleum & Natural Gas, effective June 29.
Sterling and Wilson Renewable Energy secured a significant $560 million order for the West Minya Solar Power Project in Egypt through a 50:50 joint venture with Hassan Allam Construction. The project involves a 1,000 MWac capacity Solar PV plant integrated with a 600 MWh Battery Energy Storage System (BESS) in Minya Governorate, Egypt. The joint venture will handle full engineering, procurement, and construction including photovoltaic generation facilities, battery energy storage infrastructure, grid interconnection works, and transmission facilities. The company also recommended a final dividend of ₹2 per share for FY25-26 with July 23 as the record date. Indo Tech Transformers witnessed substantial institutional activity with IIFL Asset Management acquiring 2 lakh shares (1.88% stake) for ₹59.7 crore from promoter Shirdi Sai Electricals at ₹2,985 per share. Multi Commodity Exchange of India saw UTI Mutual Fund acquire 14.65 lakh shares (0.57% stake) for ₹425.01 crore at ₹2,899.23 per share.
Jagsonpal Pharmaceuticals entered into a definitive agreement to acquire an 85% equity stake in Aequitas Healthcare for ₹20.8 crore. The Mumbai-based pharmaceutical company focuses on hospital pharmaceutical products distribution. RITES signed a Memorandum of Understanding with Container Corporation of India (CONCOR) for project management consultancy services covering terminal development and improvement projects. SJVN signed Power Purchase Agreements with Gujarat Urja Vikas Nigam for power supply from three upcoming hydroelectric projects in Himachal Pradesh totaling 666 MW capacity.
CMR Green Technologies, Hexagon Nutrition, Majestic Research Services and Solutions, and Superhouse will release their quarterly earnings today. Several stocks including Bajaj Finserv, Bajaj Holdings & Investment, Bajaj Finance, Maharashtra Scooters, and Welspun Corp will trade ex-dividend today. Patel Integrated Logistics will trade ex-date for buyback. Notable bulk deals included Mateus acquiring 11.5 lakh shares (1.08% stake) in Bliss GVS Pharma for ₹56.35 crore and SageOne purchasing additional 2.5 lakh shares (0.75% stake) in Goodluck India for ₹35.5 crore. Sterling and Wilson Renewable Energy shares were trading at ₹244.25 on BSE compared to the previous close of ₹246.50, with a total turnover of ₹35.32 crore during the day.
