PRO FX Tech Ltd., an audio-visual equipment manufacturer, has opened its initial public offering to raise Rs 40.3 crore. The IPO consists of a fresh issue of 46.32 lakh shares with a price band of Rs 82-87 per share. The subscription window is open until June 30, with listing expected on July 3 on the NSE SME platform.

Coforge shares declined after a block deal of 9.77 lakh shares (1.46% equity) worth ₹183.3 crore at ₹1,876.5 per share. The stock was down 0.7% at ₹1,865.5 as of 9:40 AM on June 26. Buyers and sellers remain undisclosed.

Citi reduced Dr. Reddy's target price to Rs 990 from Rs 1,040, citing concerns about growth prospects in the Canadian GLP-1 market and generic Semaglutide launch. The brokerage expects limited market expansion and intense competition. Projected earnings drag from declining gRevlimid sales and lower PLI incentives also factored into the decision.

JSW Energy's subsidiary, Energizent Power Pvt., has signed a 25-year power purchase agreement with NHPC for 300 MW solar-wind hybrid capacity at Rs 3.49 per KWh. The project, located in Rajasthan and Andhra Pradesh, is expected to be commissioned within 24 months.

B&K Securities initiates coverage on IndiGo with a 'Buy' rating and a price target of ₹7,256, implying a 30% upside. The brokerage cites IndiGo's cost-efficient model, large order book, and strong market position as key strengths. IndiGo is expected to outperform global low-cost carriers in growth and maintain its 64% domestic market share.

Avendus has upgraded its rating on Voltas stock from 'Reduce' to 'Buy'. This change in recommendation suggests a more positive outlook on the company's stock performance.

A block trade of approximately 347,085 shares of Tube Investments of India Ltd. occurred on the National Stock Exchange (NSE). The trade was valued at Rs. 100.22 crores, with shares priced at Rs. 2887.40 each.

Copper prices have increased for the fifth consecutive day. This ongoing rise in copper prices indicates a sustained positive trend in the market.

Union Bank of India's board approved a plan to raise up to Rs 6,000 crore through debt and equity in the current financial year. The plan includes raising Rs 3,000 crore through various equity methods and issuing Basel III-compliant bonds worth Rs 3,000 crore. The initiative is subject to government approval.

Ace Alpha Tech Ltd. has opened its initial public offering to raise Rs 32.22 crore. The IPO consists of a fresh issue of 35.48 lakh shares (Rs 24.48 crore) and an offer for sale of 11.22 lakh shares (Rs 7.74 crore). The price band is set at Rs 65-69 per share. The IPO will be open from June 26 to June 30, with listing expected on July 3 on the BSE SME platform.

A block trade of approximately 201,468 shares of State Bank of India (SBI) occurred on the National Stock Exchange (NSE). The trade was valued at Rs. 16.12 crores, with shares priced at Rs. 800.00 each.

A block trade of approximately 963,823 shares of Coforge Ltd. occurred on the National Stock Exchange (NSE) at a price of Rs. 1870.00 per share. The total value of the transaction was Rs. 180.23 crores.

Tejas Networks announced a strategic partnership with Rakuten Symphony to develop integrated Open RAN solutions. The collaboration aims to combine Tejas's 4G/5G radio offerings with Rakuten Symphony's software and cloud portfolio for global market expansion.

Maharashtra Chief Minister Devendra Fadnavis has announced that electricity tariffs in the state will decrease by 26% over a five-year period. The reduction will begin with a 10% decrease in the first year. This news is related to Adani Power, suggesting the company's involvement in the electricity supply in Maharashtra.

The Nifty 50 index opened at 25,268.95, showing a positive change of 24.2 points or 0.1%. Similarly, the Nifty Bank index started the trading session at 56,693.55, up by 72.4 points or 0.13%.

Chief Minister Devendra Fadnavis has announced a 26% reduction in power tariffs for TATA Power consumers over a five-year period. The reduction will begin with a 10% cut in the first year.

Moving Media Entertainment Ltd. has opened its initial public offering (IPO) on June 26. The book-built issue aims to raise Rs 43.4 crore through the fresh issuance of 62 lakh equity shares. The price band is set at Rs 66-70 per share. The IPO will close on June 30, with tentative listing scheduled for July 3 on the NSE SME platform.

The yield on India's 10-year government bond has dropped to 6.2763% from its previous level of 6.2873%.

The Indian Rupee opened at 85.92 against the US Dollar, showing an improvement from its previous close of 86.0775. This indicates a slight appreciation in the value of the Indian currency relative to the US Dollar.

Vodafone Idea is in talks to raise Rs 25,000 crore ($2.9 billion) in loans to strengthen its network and compete better. State Bank of India is expected to lead a consortium of lenders, including global banks. The loan is likely to be a mix of domestic and foreign borrowings with a 10-year tenor. This move comes as the company aims to regain market share and accelerate network rollout.

The government is reportedly considering speeding up the sale of its stake in New India Assurance. No specific details about the size of the stake or the timeline for the sale were provided in the brief news snippet.

The government is reportedly considering speeding up the sale of shares in GIC (General Insurance Corporation of India). No specific details about the timeline, amount of shares to be sold, or reasons for the potential acceleration were provided in the brief news snippet.

Two large transactions involving 11.9 million shares of Delhivery took place before the market opened. These transactions represent 1.59% of the company's total equity.

PB Fintech has undergone a significant block deal involving 4.53 million shares. The transaction resulted in a 1.1% shift in equity, occurring through two separate block trades. This activity took place during the pre-open market session.

KEI Industries aims for 17-18% revenue growth in FY26, driven by new plant commissioning in Sanand, Gujarat. Exports expected to contribute 17-18% of revenue this year, up from 13% last year. Company targets 25-30% revenue from exports within five years. Full Sanand plant completion expected by March 2026, with major revenue impact in FY27.

Valencia India, a real estate and construction company, has opened its Initial Public Offering (IPO) on June 26. The IPO aims to raise Rs 48.95 crore through a book-building issue, comprising a fresh issue of 40 lakh shares worth Rs 44 crore and an offer-for-sale of 4.5 lakh shares worth Rs 4.95 crore. The price band is set at Rs 95-110 per share, with a lot size of 1,200 shares. The issue will close on June 30, with listing expected on July 3 on the BSE SME platform.

GIFT Nifty indicates a flat-to-positive opening around 25,290–25,310, close to the previous day's close of approximately 25,245. This comes as easing geopolitical tensions, particularly the Israel-Iran ceasefire, boost risk sentiment. US futures remain steady, while Asian markets have rallied. Brent crude is trading between $66.4-66.9 per barrel. The Indian rupee is expected to open stable in the range of ₹85.80–86.00 against the dollar, supported by easing crude prices and RBI liquidity measures. Key sectors to watch include banks, energy, IT, real estate, and infrastructure. Notable events include PB Fintech stake sale, Western Carriers shipping order, and Texmaco Rail contracts.

PB Fintech Ltd. saw 50.5 lakh shares (1.1% of total equity) change hands in a block deal at ₹1,821.50 per share, totaling ₹920 crore. Co-founders Yashish Dahiya and Alok Bansal were reportedly likely to sell these shares, with a 90-day lock-in period for sellers.

Vodafone Idea is engaging with lenders to secure ₹25,000 crore in debt financing. The company is in discussions with potential lenders to obtain this significant amount of funding.

Sky Gold and Diamonds Ltd. aims to increase export revenue contribution to 25% in two years, plans to open a Dubai subsidiary, expands into advanced gold business and new product lines. Three promoters recently sold a 4.97% stake to institutional investors.

June 27 is the record date for Allied Blenders and Distillers Ltd's final dividend of Rs 3.6 per share for fiscal 2025. Today is the last day to buy shares to qualify for the dividend. The company aims to achieve a 15% Ebitda margin by fiscal 2027 and reported a net profit of Rs 78.6 crore in Q4 FY2025, with 20.8% volume growth.

June 26 is the last day to buy HDFC Bank shares to qualify for the Rs 22 per share dividend for FY2025, the highest since its 2001 listing. The record date is June 27, with a total payout of Rs 16,834 crore.

Acme Solar has been awarded its first standalone Battery Energy Storage System (BESS) project for NHPC in Andhra Pradesh. The project has a total capacity of 275 MW / 550 MWh.

Indogulf Cropsciences is launching its Rs 200-crore IPO on June 26, with a price band of Rs 105-111 per share. The offering includes a fresh issue of Rs 160 crore and an offer for sale of up to 36.03 lakh shares by promoters. The company has already raised over Rs 58 crore from anchor investors. Proceeds will be used for working capital, debt repayment, capital expenditure, and general corporate purposes.

Globe Civil Projects' IPO received an overwhelming response, being subscribed 15.27 times overall. The Qualified Institutional Buyers portion was oversubscribed 8 times, while retail and HNI portions were subscribed 21.32 and 6.74 times respectively. The company aims to raise ₹119 crore through a fresh issue of 1.68 crore shares, with a price band of ₹67 to ₹71 per share. The IPO will be listed on BSE and NSE.

Net1 Applied Technologies Netherlands BV is expected to sell its entire 8% stake in One MobiKwik Systems Ltd via block deals. MobiKwik's stock remains below its IPO price, having corrected over 60% from its post-listing high. The company recently reported widened net losses for Q4, with revenue rising 2.6% year-on-year.

HDB Financial Services' ₹12,500-crore IPO has been subscribed 0.37 times on its second day. The offer includes a fresh issue of ₹2,500 crore and an offer for sale of ₹10,000 crore by HDFC Bank. The price band is set at ₹700-740 per share. The employee quota was oversubscribed 1.77 times, while the HDFC Bank shareholder portion was subscribed 0.77 times. The IPO will close on June 27.

Kalpataru Limited's IPO, aiming to raise ₹1,590 crore, closes for subscription today. The issue, priced at ₹387-414 per share, has been subscribed 0.35 times overall. QIB portion was subscribed 0.17 times, NIIs 0.45 times, and retail 0.73 times. The company raised ₹708 crore from anchor investors prior to the IPO launch.

Ellenbarrie Industrial Gases' Rs 852.53 crore IPO closes today. The offer includes a fresh issue of Rs 400 crore and an offer for sale. The price band is set at Rs 380-400 per share. As of the latest update, the NII quota was subscribed 0.58 times and retail investors 0.37 times, while the QIB portion saw minimal bids. The company raised Rs 255.76 crore from anchor investors prior to the IPO.

Indogulf Cropsciences has opened its Initial Public Offering (IPO) on June 26, closing on June 30. The company aims to raise ₹200 crore through a fresh issue of 1.44 crore equity shares and an offer for sale of 36.03 lakh shares. The price band is set at ₹105-₹111 per share. The IPO includes ₹58.20 crore raised from anchor investors. Funds will be used for working capital, debt repayment, and establishing a new plant in Haryana.

PRO FX Tech opens its IPO for subscription on June 26, 2025. The fresh equity offering of 46.32 lakh shares is priced between Rs 82 to Rs 87 per share. The IPO will close on June 30, with allotment expected on July 1 and tentative listing on the NSE SME platform by July 3. The company plans to use the proceeds for debt repayment, working capital, and new showroom setups.

Ace Alpha Tech is opening its IPO for subscription from June 26 to June 30, 2025. The issue comprises a fresh offer of 35.48 lakh equity shares (Rs 24.48 crore) and an OFS of 11.22 lakh shares (Rs 7.74 crore). The price band is set at Rs 65-69 per share, with a lot size of 2,000 shares. Listing is tentatively scheduled for July 3 on the BSE SME platform.

SBI is planning its first equity sale in 8 years, aiming to raise up to Rs 25,000 crore through a QIP to bolster its CET-1 ratio. The bank has finalized multiple financial institutions to manage the fundraising, with banks agreeing to charge just Rs 1 for the transaction due to its prestige. The QIP is expected to be launched in the next couple of months, with LIC likely to bid for a substantial portion.

June 26 is the last day to buy Cipla shares to qualify for the final dividend of Rs 13 and special dividend of Rs 3 per share for FY2025. The record date is set for June 27. The total dividend payout amounts to approximately Rs 1,292 crore.