Creative Newtech has secured significant infrastructure contracts, receiving the provisional completion certificate for a project worth ₹4,970.99 crore in Uttar Pradesh for civil and associated works on the Ganga Expressway. Additionally, the company, along with its consortium partner, has received an advance work order from BSNL for the BharatNet Middle Mile Network Project in the Odisha Telecom Circle with a total project value of approximately ₹3,194.83 crore. The order covers design, supply, construction, installation, upgradation, operation, and maintenance of the network infrastructure.
GQG Partners has completed major block deals worth approximately ₹5,750 crore, selling stakes in Adani Enterprises and Adani Energy Solutions to SBI Mutual Fund. According to NSE block deal data, GQG Partners Emerging Markets Equity Fund sold shares in both Adani Group companies, with SBI Mutual Fund emerging as the buyer of the entire stake. The transactions reflect significant institutional investment activity in the Adani group companies, with GQG Partners reducing its exposure while SBI Mutual Fund increased its holdings in both companies.
The country's largest carmaker Maruti Suzuki India Ltd announced plans to invest ₹925 crore by FY31 towards green energy initiatives, including two biogas projects. The company will set up a 10 Tonnes Per Day (TPD) biogas plant at its Kharkhoda facility, which will be commissioned within FY 2026-27. This significant investment in renewable energy aligns with the company's sustainability goals and demonstrates its commitment to reducing carbon footprint in manufacturing operations.
Allied Blenders and Distillers has undergone significant leadership changes with Alok Gupta resigning as Managing Director effective May 31, 2026, and the Board appointing Amar Sinha as the new Managing Director effective June 1, 2026. The company's Board of Directors will meet on June 10 to consider raising funds through the issuance of equity shares and/or other securities convertible into equity shares, in one or more tranches. Additionally, the company has signed a Memorandum of Understanding with The Energy and Resources Institute (TERI) to develop a 250-hectare ecological restoration project in Rajasthan.
Viridian Asia Opportunities Master Fund acquired 18.96 lakh shares (0.1 percent stake) in Lenskart Solutions for ₹96.42 crore at ₹508.55 per share, while Motilal Oswal Mutual Fund purchased 36.48 lakh shares (0.74 percent stake) in Sterlite Technologies for ₹225.86 crore at ₹619.07 per share. Invesco Developing Markets Fund sold 78.85 lakh shares (0.68 percent stake) in Pine Labs for ₹115.11 crore at ₹145.97 per share. Promoter P N Gadgil & Sons acquired an additional 1.6 lakh shares (0.5 percent stake) in PNGS Reva Diamond Jewellery for ₹6.26 crore at ₹391.58 per share. Nestle India reported that general licence fees paid to its Switzerland-based group entity were up 13.91% to ₹1,024.5 crore in FY26, while Tata Steel may face delays of 6-8 months in its UK project timeline due to electricity access issues.
