Bharti Airtel | Following the Bombay High Court’s annulment of the Centre’s one-time spectrum charge (OTSC) claims on telecom providers, Bharti Airtel announced financial relief exceeding ₹10,500 crore. Additionally, the operator has come under regulatory notices from both the Department of Telecommunications (DoT) and the Telecom Regulatory Authority of India (TRAI), which involved a ₹6.67 lakh penalty and a financial disincentive of ₹37.12 lakh, respectively.
InterGlobe Aviation | The parent company of IndiGo has remained in the spotlight following a 10% increase in aviation turbine fuel (ATF) prices by state-owned fuel retailers, along with a new price stabilisation mechanism. The revised ATF price in Delhi now stands at ₹115 per litre, a rise from ₹104.93, which is projected to elevate airlines’ operating costs, given that fuel is a key expenditure component.
OMC Sector | State-owned oil marketing firms are increasing aviation turbine fuel (ATF) prices by 10% while implementing a long-term price stabilisation mechanism for airlines. This new structure allows airlines to lock in ATF prices for up to three years, reducing the impact of fluctuations in global crude oil prices and providing more stability to fuel expenses, which are a major cost for airlines.
Ajanta Pharma | The promoter entity, Ravi Agrawal Trust, divested 34.5 lakh shares, equating to a 2.8% stake, through a block deal valued at approximately ₹1,024 crore. Meanwhile, Kotak Mahindra Mutual Fund acquired 21 lakh shares worth ₹624 crore, and Aditya Birla Sun Life Mutual Fund purchased 13.5 lakh shares amounting to ₹400 crore. The deal was conducted at an average price of ₹2,968 per share.
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Emcure Pharmaceuticals | In a significant block deal, BC Investments IV offloaded 36 lakh shares of Emcure Pharmaceuticals, constituting approximately 1.9% of the company’s equity, for about ₹612 crore. The same number of shares was acquired by Kotak Mahindra Mutual Fund for an average price of ₹1,700 per share, marking it as the evident counterparty to the transaction.
NLC India | The government announced on Tuesday that it has utilized the oversubscription option in the ongoing offer for sale (OFS) of NLC India, expanding the stake sale from 2% to 3%. Consequently, the overall offer size has increased to 4.16 crore shares, representing 3% of the company’s paid-up equity share capital as of March 31, 2026.
Dixon Technologies | The company has entered into a binding term sheet with Gemtek Technology Co. Ltd. to establish a joint venture for the production of optical transceivers and BOSA (Bidirectional Optical Sub-Assembly) products. In the proposed collaboration, Dixon will retain a 60% stake, while Gemtek will have the remaining 40% share.
Welspun Corp Ltd | The Mauritius-based subsidiary of Welspun Corp has divested a 4.5% stake in Saudi Arabia’s EPIC for $75.6 million.
Dredging Corp | The company has appointed Jasmeet Singh Bindra as Additional Director and Chairman, effective June 9, 2026.
Hinduja Group Solutions | OneOTT Intertainment Ltd (OIL), the broadband division of the Hinduja Group, has launched Project GANGA in Uttar Pradesh in collaboration with the state government, aiming to deliver broadband connectivity to 20 lakh households.