
Stocks to watch: Nestle, HDFC Bank, HCL Tech, CONCOR among shares in focus today
FMCG giant Nestle India has scheduled a board meeting on June 26 to review and approve a proposal for issuing bonus shares.
Global asset management firm TPG is expected to divest 12.5 million shares, amounting to a 6% stake in Sai Life Sciences, in a deal estimated to be worth around $102 million (approximately ₹ 885 crore).
The non-banking subsidiary of HDFC Bank has finalized the dates for its highly awaited ₹ 12,500 crore IPO, which is scheduled to open from June 25 to June 27.
According to reports, Kaynes Technology has launched its qualified institutional placement (QIP) offering to raise up to ₹ 1,600 crore.
The technology giant, a subsidiary of the Larsen & Toubro Group, introduced BlueVerse — a unified AI platform designed to accelerate AI transformation for businesses.
CONCOR, the state-owned logistics company, has announced July 4, 2025, as the record date for its 1:4 bonus share issue, offering a potential long-term benefit for retail investors.
Goldman Sachs offloaded more than 1.77 lakh shares of Ethos through a block deal valued at ₹ 48 crore, with the shares being sold at a price of ₹ 2,700.6 each.
The US FDA issued a Form 483 containing seven observations for the company's pharmaceutical division located in Kothur, Hyderabad.
The infrastructure company has officially entered into a $67.25 million ( ₹ 562 crore) agreement with the Government of Guyana for Phase 2 of the East Bank–East Coast Road Linkage Project.
The technology solutions company has entered into a strategic Memorandum of Understanding (MoU) with Aldoria, a European leader in Space Surveillance and Situational Awareness (SSA), to enhance India's rapidly growing space capabilities.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
18 minutes ago
- Business Standard
Sai Life Sciences rises on completion of second phase expansion at Bidar facility
Sai Life Sciences rose 1.82% to Rs 742.45 after the company announced the successful commencement of commercial operations for the second phase of the production block at its Unit IV facility in Bidar, Karnataka. The new phase, which became operational on 19 June 2025, adds approximately 91 kL of production capacity. This marks the second and final phase of the total planned capacity addition of approximately 195 kL at the facility, as disclosed in the companys prospectus. With this addition, the total installed capacity at Unit IV now stands at approximately 640 kL. The expanded facility is equipped to manufacture Registered Starting Materials (RSM), intermediates, and Active Pharmaceutical Ingredients (APIs) for both clinical and commercial applications. Hyderabad-based Sai Life Sciences is a leading global contract research, development, and manufacturing organization (CRDMO) that partners with innovator pharmaceutical and biotech companies to accelerate the discovery, development, and commercialization of new medicines. The company offers integrated solutions spanning medicinal chemistry, process development, clinical and commercial manufacturing, and advanced technology platforms. The company's net profit surged 105% to Rs 170 crore on a 16% increase in revenue from operations to Rs 1,695 crore in Q4 March 2025 over Q4 March 2024.


Time of India
38 minutes ago
- Time of India
Jeep maker Stellantis weighs sale among options for Maserati, sources say
Stellantis is considering a possible sale of its struggling luxury Maserati unit, among other options, two sources with knowledge of the matter said, as the automaker seeks to overhaul its sprawling portfolio of 14 brands. Discussions over Maserati's future started before new CEO Antonio Filosa, who starts on Monday, was appointed last month, while Stellantis was steered by Chair John Elkann. The viability of the French-Italian company's 14 brands - which include Chrysler, Peugeot, Jeep and Alfa Romeo - was a priority for Elkann as he interviewed candidates to fill the CEO job. Like other European carmakers, the world's fourth biggest automaker is facing hefty U.S. import tariffs imposed by U.S. President Donald Trump and struggling with stiff competition from Chinese rivals. Stellantis hired consultant McKinsey early in April to advise it on the effects of the U.S. tariffs on Maserati and Alfa Romeo as the two brands prepare future plans. Stellantis affirmed then that it was fully committed to both brands. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Drink this before bedtime and watch your belly shrink by morning Lulutox Undo However, a possible divestment of Maserati, its only luxury brand, is among the options McKinsey is exploring for Stellantis, the two sources told Reuters, adding the adviser's assessment was still in the early stages. They spoke on condition of anonymity because they were not authorised to discuss the matter publicly. Asked for comment, a Stellantis spokesperson said: "Respectfully, Maserati is not for sale". Live Events McKinsey declined to comment. Filosa's predecessor Carlos Tavares, who resigned in December after a poor performance in the U.S. market, had refused to consider getting rid of any of the carmaker's brands. But some investors and analysts say a streamlined portfolio would boost Stellantis' profit margins. Stellantis shares have lost two-thirds of their value since March last year. FALLING SALES Maserati's sales fell by more than half in 2024 to just 11,300 units and the unit posted an adjusted operating loss of 260 million euros ($298 million) last year. The brand currently has no new model launches scheduled as it waits for a new business plan, after its previous one was put on hold by Stellantis last year. Brand head Santo Ficili said earlier this month the plan would be presented soon after Filosa starts the job. One of the sources said Stellantis has been coming to terms with the fact that it has too many brands, making it difficult for it to properly invest in all of them. The carmaker needs to "set priorities", the source said. Stellantis has not specifically mandated McKinsey to find a buyer for Maserati, but the mandate is to consider all options, including a potential sale, the second source said. All options are on the table, the source said. Stellantis' board has been divided over plans for Maserati, one source said. Some board members think Stellantis is not in a position to sustainably re-launch Maserati and suggest selling it is the best option. Others think Maserati still has value and that selling its only luxury brand would be a huge reputational setback for Stellantis. Chinese automakers, such as Chery, might be among those interested in buying European auto brands, to support their expansion in the region, where they still lack brand recognition among consumers. This would be a similar move to SAIC's 2007 purchase of Britain's MG Motor or Geely's acquisition of Sweden's Volvo Cars in 2010.


Mint
an hour ago
- Mint
Euro area yields drop, Italian spread set for biggest weekly rise since June 2024
June 20 (Reuters) - Euro zone government bond yields were on track for a weekly decline as the Israel-Iran air war entered its eighth day, with investors downplaying inflation concerns while awaiting clarity on potential U.S. involvement in the conflict. President Donald Trump will decide on Iran in the next two weeks, while Germany and its European partners are open to further discussions. German 10-year government bond yields, which serve as the benchmark for the wider euro zone, fell 0.5 basis points (bps) to 2.51% and were set to end the week 2.5 bps lower. Several analysts expect a relatively tight trading range for Bunds, barring any fresh shocks, while noting that the current rise in oil prices is insufficient to boost inflation. "The bearish risks to (euro area) core rates are relatively tame, in our view. The German fiscal U-turn is likely to have a persistent impact on long-term forwards, but that is already well priced," said Jamie Searle, strategist at Citi, arguing he is neutral on Bunds at 2.5% with a preference to buy the dips. Germany announced in early March a massive increase in fiscal spending to fund infrastructure and defence investments. "On the bullish side, it feels like the market may have become complacent on tariff risk once again," Citi's Searle added, also mentioning possible support is the potential for reallocation to euro from the U.S. dollar with Bunds a likely beneficiary as the safest asset. Money markets priced in a European Central Bank deposit facility rate at 1.77% in December from 1.75% last week. It priced a depo rate at around 1.6% in early April when concerns about the economic impact of U.S. tariffs led investors to discount a dovish response from the ECB. "I believe there is a growing recognition that the European Union can play a larger role, especially if it develops a more comprehensive fiscal union rather than just a monetary union," said Kristina Hooper, chief market strategist at Man Group. "There will be a willingness among investors to shift at least somewhat to euro-area bonds, primarily German bunds." The yield on German 2-year bonds – more sensitive to expectations for the ECB policy rates -- was flat at 1.84%. A decline in risk appetite widened the yield spreads between government bonds of highly indebted countries—such as Italy and France—and safe-haven German Bunds. Italy's 10-year yields dropped 0.5 bps to 3.54%. The Italian yield gap versus Bunds — a market gauge of the risk premium investors demand to hold Italian debt — was at 102.5 bps on Friday but was still set to end the week 10.8 bps wider, the largest increase since June 2024. The French yield gap was set for the third straight weekly rise and was last 73.50 bps, after hitting early in the session 75.30 bps, its highest since April 23. In France, the business climate index for June was at 96, below the long-term average and consensus expectations. (Reporting by Stefano Rebaudo, Editing by Andrew Cawthorne)