Adani group stocks will remain in focus amid reports that the US prosecutors are set to drop charges against billionaire Gautam Adani, who was accused of paying hundreds of millions of dollars of bribes and hiding the payments.
Inox Clean Energy Ltd, INOXGFL Group’s renewable energy arm, has acquired the US solar manufacturing assets of Boviet Solar Technology LLC — part of China’s Boway Group — for about $750 million (₹7,175 crore), marking a strategic push into the United States amid a shifting global solar supply-chain landscape, where it sees a “first-mover advantage.” The deal, executed through its wholly owned subsidiary, Inox Solar Americas LLC, also marks the company’s first major manufacturing entry into the US and its second overseas acquisition after its Africa foray in February 2026.
IRB Infrastructure Trust (Private InvIT) has offered to sell two BOT highway assets with Enterprise Value of approx. ₹4,663 crore to IRB InvIT Fund (Public InvIT). The non-binding Offer is for Solapur Yedeshi NH211 (Maharashtra) and Chittorgarh Gulabpura NH79 (Rajasthan) BOT Assets, aggregating 1,144 Lane Kms.
RailTel Corporation of India has received an order by the Ministry of Railways for deploying an AI-based Surveillance System at New Delhi Railway Station, with the work order received. The company did not disclose the order size.
IndiGo announced a partnership with Single.id to enable IndiGo BluChip members to earn rewards in a simpler, faster way on their everyday spends across brands. Through this integration, customers can link their debit or credit cards on the IndiGo Single.id Portal and start earning IndiGo BluChips automatically when they shop across a wide network of high consumption categories like fuel, shopping, dining and many more without coupons, codes, or any extra steps.
Kotak Alternate Asset Managers Ltd has announced its investment of ₹750 crore in the non-convertible debentures (NCDs) of Lloyds Metals & Energy Ltd, a listed integrated mining and metals company in India. LMEL is a fast-growing integrated player in India’s metals and mining sector with operations spanning iron ore mining, supported by a strong pipeline of downstream steel capacity expansion.
Kamat Hotels (India) has entered into a deal to manage a second luxury hotel in Dwarka, Gujarat, under The Orchid brand, featuring approximately 63 guest rooms. The hotel is expected to be fully operational by December 2026, targeting pilgrims and leisure travellers visiting the spiritually significant city.
The board of Fujiyama Power Systems has approved expansion of 1.2 GW TOPCon solar cell production at its Ratlam, Madhya Pradesh facility. The move highlights the company’s commitment to scaling its solar cell manufacturing operations, it said in a disclosure to the stock exchanges.
Indian Metals & Ferro Alloys informed the exchanges that it has terminated its Power Purchase Agreement and Share Subscription and Shareholders Agreement with Ampin Energy Utility One Private Ltd on May 14 by mutual consent, citing delays in project delivery and approvals. The company had invested ₹12.32 crore for a 4.36 per cent equity stake, which is to be refunded, and is now in advanced discussions with another hybrid renewable energy developer, expecting to sign binding documents in Q1FY27.