Deepak Kapoor has been appointed as an additional non-executive independent director on the company’s board for a five-year term starting June 1, 2026, subject to shareholder approval.

Deepak Kapoor has been appointed as an additional non-executive independent director on the company’s board for a five-year term starting June 1, 2026, subject to shareholder approval. Kapoor is the former chairman and managing director of PwC India and was associated with the firm for more than three decades. Hikal promoter Baba Kalyani has declared that shares held by promoter group entities Kalyani Investment Company and BF Investment were not encumbered during FY26. The declaration was made under SEBI’s takeover regulations. Kalyani Investment Company held 3.86 crore shares, or 31.36 percent stake, in Hikal as of March 31, 2026, while BF Investment held 32.73 lakh shares, representing 2.65 percent stake. The filing said none of these shares were directly or indirectly pledged or encumbered during the financial year. Glenmark Pharmaceuticals said it is confident of achieving revenue of Rs 17,000-18,000 crore in FY27 along with EBITDA margins of 21-22 percent. Speaking to CNBC-TV18, the company said its India business is expected to grow around 15 percent in FY27, supported by continued strength in the branded formulations market. Glenmark also said Ryaltris has now been launched in markets including China as the company expands the product globally. The company guided for net working capital days of 115-120 days and said it has already come in below that range. Glenmark added that it remains confident of increasing the share of branded sales to 70 percent by 2030 from around 60 percent currently. Bajaj Auto said its electric scooter business is growing 60-70 percent, while the electric three-wheeler segment is expanding at nearly 100 percent. Speaking to CNBC-TV18, the company said it has gained market share and is now the number two player in the electric two-wheeler segment. Bajaj Auto said Chetak’s market share has risen to 23 percent, gaining 100 basis points. The company added that June, July and August are typically soft months for the auto industry. It also said motorcycles above the 125cc category continue to lead industry growth, while high-end bikes, exports and electric vehicles remain the key growth drivers. Bajaj Auto said its exports would have touched 2.5 lakh units in May if not for supply chain disruptions, adding that it expects export volumes to remain around that level going forward. Speaking to CNBC-TV18, the company said Nigeria is seeing 80-100 percent growth compared with the same period last year, supporting export momentum. Bajaj Auto also flagged a sharp slowdown in domestic growth compared with March levels. The company said demand in the premium segment continues to remain healthy despite weakness in the broader domestic market. Transrail Lighting has secured fresh orders worth Rs 575 crore, primarily in the power transmission and distribution segment, along with orders in civil and pole businesses. The company said the order wins include construction of a 500 kV HVDC line for a marquee customer, supply orders in international markets, specialised civil construction work and pole supplies. Transrail also said it currently holds L1 position for projects worth around Rs 400 crore. The company said its strong unexecuted order book and bidding pipeline across domestic and international markets provide long-term operational visibility. McDonald's has unveiled a new global growth strategy called “McDonald’s > NEXT” as the fast-food giant looks to strengthen customer loyalty amid rising competition and pressure on consumer spending. The company said the strategy will focus on four key areas, new restaurant designs, improved food and beverages, consumer-led innovation and better customer service. McDonald’s announced the plan during its biennial Worldwide Convention for franchisees in Las Vegas. Indian benchmark indices are likely to open lower on Tuesday as escalating tensions in West Asia kept investors cautious and crude oil prices elevated. GIFT Nifty futures were trading over 100 points below the Nifty 50’s previous close at 23,277.50 at 0827 IST, indicating a weak start for domestic markets. Track market and stock updates live here Investor sentiment remained under pressure after Iran reportedly suspended talks with the US following Israel’s expanding military operations in Lebanon. According to CNBC, citing Iran’s state-owned media Tasnim, Tehran said no dialogue would take place until Israel fully withdraws from occupied areas in Lebanon. Iran also warned it could close the Strait of Hormuz in retaliation for ceasefire violations. Crude oil prices stayed near multi-month highs amid fears of supply disruptions. Brent crude futures were trading at $94.65 per barrel at 0825 IST. Despite geopolitical concerns, all three major US indices closed higher overnight, while Asian markets traded mixed in early deals. Hindustan Unilever has inaugurated a new Unilever Fragrance Hub in Mumbai as part of the company’s global push to strengthen in-house fragrance innovation capabilities. The facility, located at the IIT Bombay campus, is Unilever’s third global fragrance hub after the UK and the US. The investment is part of Unilever’s broader €100 million programme focused on digitally enabled fragrance creation. The company said the Mumbai hub will combine consumer insights, advanced science and artificial intelligence to accelerate product innovation and support premiumisation across categories including shampoos, body washes, deodorants and detergents. HUL said the India facility will also collaborate with IIT Bombay in areas such as science, data and digital-first fragrance innovation. Unilever said India’s expanding consumer market and diverse preferences make the country a key market for developing fragrances that can scale globally. Sammaan Capital said S&P Global Ratings has upgraded its long-term international credit rating to ‘BB-’ with a stable outlook following the strategic investment by International Holding Company PJSC (IHC). S&P cited strengthening in the company’s credit profile, improved funding access, strong capitalisation and expectations of higher profitability after the investment. The company said all major rating agencies covering it have now upgraded their ratings following IHC’s investment completed on March 31, 2026. Earlier, CRISIL upgraded Sammaan Capital’s long-term rating to ‘CRISIL AA+/Stable’ in April, while CARE Ratings and ICRA upgraded their ratings to ‘AA+/Stable’ in May. The company said the successive rating upgrades have helped lower incremental borrowing costs and improve market confidence, which could support higher disbursements and growth plans. Anthropic has confidentially filed IPO papers with the US Securities and Exchange Commission, according to reports, as the AI startup prepares for a Wall Street listing. The company also plans to offer European Union access to its advanced Mythos AI model as it expands in regulated international markets. Separately, Alphabet is planning to raise around $80 billion through stock sales to fund its artificial intelligence infrastructure expansion, reports said. The moves come as global AI firms ramp up spending on chips, data centres and advanced AI models amid intensifying competition. WPI, PPI OVERHAUL: DPIIT Principal Economic Adviser Mahto to address media on the base year revision of WPI and launch of Producer Price Index. 1500 IST, New Delhi. RBI COUNTER - DAILY LAF TENDERS: Standing deposit facility for one-day tenor (at 5.00%) and marginal standing facility for one-day tenor (at 5.50%). Bids for SDF and MSF may be submitted at 1730-2359 IST. - STATE BOND AUCTION: Eight states to raise INR 241 billion via bond sale. Competitive bids to be submitted at 1030-1130 IST. - VRR AUCTION: RBI to conduct three-day variable rate repo auction for INR 750 billion at 0930-1000 IST Tuesday. MARKETS Call: Likely to open near the RBI's repo rate as liquidity surplus remains tight. 1-day call: 4.60-5.35% vs 4.85% Monday. Bonds: Seen down on sharp rise in oil prices; volatility seen lower before 3-day MPC meet starting Wednesday. 10-year benchmark 6.48%, 2035 bond range: 6.90-7.10% vs 7.02% Monday. Rupee: Seen down as Brent crude up amid US-Iran peace deal uncertainty. Key technical support seen at 95.30/$1. Range: 94.80-95.30/$1 vs 94.9900/$1 Monday. Stocks: May extend fall on war concern, rebound in crude oil. Nifty 50 range: 23100-23800; Monday-end 23382.60, down 165.15 points. The government has lowered the price of domestically produced natural gas for June by nearly 6% to $10.93 per million British thermal units on a gross calorific value basis, the oil ministry's Petroleum Planning and Analysis Cell said in a notification on Sunday. The price of domestic natural gas was $11.59 per mBtu in May. (From Informist) * India Apr fisc deficit almost doubles YoY, at 21.4% of FY27 aim * India govt meets FY26 fiscal deficit target of 4.4% of GDP * India industrial output grew 4.9% in Apr, new IIP series shows * RBI Policy: MPC seen holding repo rate Friday but hike not ruled out * India May total GST collections at INR 1.942 tln, down 20% on month * India May mfg PMI rises on precautionary stockpiling amid war * IMD sees monsoon hitting Kerala in 2-3 days, very heavy rains likely Wed-Sun * Govt to sell up to 6% stake in NHPC via OFS, floor price set at INR 71/share * IIFCL well prepared to manage 10-15 bps rise in borrowing cost in FY27 - MD * HC recognises right to be forgotten, says cos like Google must fall in line * To study stability of output PPI before switching from WPI, says MoSPI secy * Already issued credit cover of INR 157 bln under ECLGS to aid industry - Govt * Govt sees reduced fertiliser demand for kharif amid below-normal rain risks * Aggression on Lebanon violation of ceasefire, warns Iran * SEBI mulls OK for InvITs to add debt-funded maintenance costs to cash flows * Maruti Suzuki presses pedal on CNG cars as oil prices spike on W Asia war * Maruti Suzuki's car despatches rise 35% YoY to record 242,688 units in May * Bajaj Auto May 2-wheeler despatches growth slumps to 5-mo low * March qtr earnings better than view, BFSI leads gains, says Motilal Oswal * Price hike rollbacks amid weak cement demand May, says Prabhudas Lilladher * Zee Entertainment to stream FIFA tournaments in India for eight years * Anant Raj to invest nearly INR 250 bln to develop data centre in Haryana * Pulses body sees chana prices up in near term on low supply, rise in demand The government will sell up to a 6 percent stake in NHPC through an offer-for-sale, including a 3 percent greenshoe option. The floor price has been fixed at Rs 71 per share. The OFS opens for non-retail investors today and for retail investors on June 3. Tata Sons management has sought board approval for a Rs 7,000 crore equity infusion into the group’s digital consumer businesses, including BigBasket and Tata Cliq. The proposal reportedly projects losses of nearly Rs 9,000 crore over the next three financial years. Tata Trusts Chairman Noel Tata is said to have questioned the funding size and growth assumptions behind the plan. The government announced a stake sale in NHPC through an offer-for-sale at a floor price of Rs 71 per share. The OFS opens for institutional investors on June 2. Ola Electric launched its qualified institutional placement with a floor price of Rs 37.74 per share, while promoter entities in Alkem Laboratories were reported to be looking at selling up to a 1.5 percent stake through block deals. In infrastructure and digital infrastructure, PNC Infratech secured a Rs 194 crore flyover project in Lucknow, while Anant Raj unveiled plans to invest around Rs 25,000 crore in data centres and cloud services in Haryana. Meanwhile, Wipro’s step-down subsidiary moved to raise its stake in Aggne Global, and Canara Bank got a new managing director and CEO after the government appointed Brajesh Kumar Singh to the top post. Stay tuned to Moneycontrol’s live blog for more corporate updates through the day.

China's wholesale prices rose at the fastest pace in nearly four years in May.

Trump Media & Technology Group (DJT) has drawn fresh attention after recent share price swings.

On June 9, 2026, the tech-heavy Nasdaq Composite plunged 2.17%, losing more than 560 points as AI and semiconductor stocks extended their sell-off.