Kotak Mahindra Bank has signed a definitive agreement to acquire the retail, private banking and wealth management businesses of Germany’s Deutsche Bank in India for an undisclosed sum. The businesses to be acquired comprise approximately Rs 29,000 crore in loans, Rs 16,000 crore in deposits and Rs 10,500 crore of assets under management, the statement said.
KPIT Technologies on Tuesday informed the exchanges that it expects its US Dollar revenue to decline 1% year-on-year for the June quarter, compared to the same period last year. It attributed this warning to a sudden drop in revenue over the last few weeks due to the recent profit warnings and a deteriorating business outlook at multiple European auto companies, including BMW. The management went on to add that the slowdown was not anticipated earlier and has materialised recently. The company expects the impact to be short-term and could eventually drive more outsourcing/offshoring as automakers focus on cost optimisation.
Zee Entertainment Enterprises Limited (ZEEL) has received government approval for a ₹418 crore (about $46.03 million) foreign investment from OFI Global China Fund LLC under the FDI route]. The approval marks the return of the Invesco-managed OFI Global China Fund LLC to Zee’s shareholder base nearly three years after its exit. Recently, the board of ZEEL approved raising of at least ₹2,300 crore in one or more tranches to support strategic and business initiatives and strengthen its balance sheet.
HDFC Life Insurance Company Ltd has confirmed a total tax demand of Rs 132.7 crore following an order from the Commissioner (Appeals Thane), CGST & Central Excise, Thane Commissionerate, Maharashtra. The order upholds the demand including interest and penalty for the period from July 1, 2017, to March 31, 2022. The company stated that this development will not have a material adverse impact on its financial operations.
The United States Food & Drug Administration conducted a GMP inspection at Glenmark Pharmaceuticals Ltd’s Manufacturing Facility situated in Goa from June 22 to 30. At the end of the inspection, the company was issued a Form 483 with six observations. There was no observation related to data integrity reported. These observations are procedural in nature, and none are repeat observations, Glenmark informed the exchanges.
NTPC-SAIL Power Company Ltd (NSPCL), a joint venture company of NTPC Ltd, said the third and final module (Island-2) of 5 MW (2 X 2.5 MW) of NSPCL Bhilai Floating Solar Power Station has been successfully commissioned on June 24. Accordingly, the entire 15 MW Floating Solar Power Station has been declared under commercial operation with effect from June 2026. With this, the total installed capacity of NTPC group stands at 90,904 MW and commercial capacity at 89,824 MW.
Unimech Aerospace and Manufacturing has announced a long-term supply agreement with FACC Operations GmbH, a tier-1 supplier in the Austrian aerospace industry, for the manufacturing and supply of precision-engineered aerospace components and flying parts. The company secured the mandate following a competitive global sourcing process involving international suppliers, Unimech said.
Ayana Renewable Power Private Limited (Ayana) a wholly owned subsidiary of ONGC NTPC Green Private Limited (50:50 JV between NTPC Green Energy Limited and ONGC Green Limited) has emerged as a successful bidder in the e-reverse auction conducted by Madhya Pradesh Power Management Company Limited (MPPMCL). The tender aimed at the “Purchase of 800 MW Wind Power Through Competitive Bidding Process Followed By eReverse Auction from Projects Setup Anywhere in India with ‘Greenshoe Option’ of Additional Capacity Upto 100% (800 MW)”. In line with the Request for Selection (RFS) conditions, Ayana secured a capacity of 193 MW at a tariff of ₹4.17/kWh
The Board of Bandhan Bank had approved sale of identified Non-Performing Assets (’NPA’) with more than 180 Days Past Due (’DPD’), pertaining to the Housing Finance Portfolio, through bidding process with Asset Reconstruction Companies. The Bank has concluded the sale of the NPA portfolio, having principal outstanding amounting to Rs. 291.44 Crore (as on May 31, 2026) to Assets Care and Reconstruction Enterprise Ltd, for consideration amounting to Rs 119.49 Crore (41% of aforesaid portfolio), on outright cash basis.
RFBL Flexi Pack Ltd has secured a Rs 20 crore order from 3B Films Ltd for the supply of transparent films and metallized films, according to an exchange filing. The order has been awarded in the normal course of business and is scheduled to be executed over the next four months, the filing said. “The latest order is expected to strengthen RFBL Flexi Pack’s business and reinforce its presence in the flexible packaging segment,” it said.
Newgen Software Technologies Ltd has received and accepted Letter of Award for Retail Loan Origination Solution for $1,710,000 .
Rane (Madras) Limited (RML) has entered into an agreement with Hindustan Composites Limited (HCL) to acquire the Friction Business, as going concern, on slump sale basis for an enterprise value of Rs 370 Crore, subject to the terms of the Agreement.
RailTel Corporation of India Ltd has received the Work Order worth Rs 107.61 crore from Mahanadi Coalfields Limited for establishment of MPLS VPN Network for MCL on a Rental Basis for a Period of 60 Months.
Prestige Estates has launched Phase 2 of Prestige Forest Hills, comprising Towers C (in part) & Tower D, at The Prestige City, Mulund, Mumbai. Phase 2 comprises 500 premium residences, offering spacious 3 and 4-bedroom residences with expansive decks. Apartment sizes range from 946 sq. ft. to 2,643 sq. ft. of RERA carpet area, with ticket sizes starting from approximately ₹2.73 crore. The launch spans a total developable area of approximately 1.7 million sq. ft. with an estimated Gross Development Value (GDV) of approximately ₹2,200 crore.
Automobile stocks such as Maruti Suzuki, Tata Motors, Ashok Leyland, Escorts, TVS Motor Company, Bajaj Auto, Hero MotoCorp, Eicher Motors, and others will be in focus on Wednesday as automobile manufacturers are set to report their monthly sales figures for June. However, the focus will be on EV manufacturers such as Ather Energy, Ola, M&M, TMCV, given even the crude oil crisis .