Savings Effect

Crude oil prices surged as Iran announced the closure of the Strait of Hormuz following the US's recent airstrikes against the country. Brent crude futures soared by 2.47% to reach $95.40 per barrel, while US West Texas Intermediate (WTI) crude rose by 2.89% to $92.63 per barrel.

Domestic markets ended mixed on Wednesday, with benchmark indices surrendering most of their intraday gains amid profit-booking in the latter half of the session. The Sensex edged up 64.42 points, or 0.09%, to close at 73,983.18, while the Nifty 50 slipped 27.15 points, or 0.12%, to settle at 23,214.95.

Central Bank of India has raised deposit rates by up to 253 basis points, taking rates to as high as 6% for 3–5-year FCNR(B) deposits, as lenders look to attract foreign currency inflows.

CMR Green Technologies In a bulk deal, Goldman Sachs Funds – Goldman Sachs India Equity Portfolio purchased 19.41 lakh shares, representing a 0.88% stake, at ₹256.64 per share. The transaction was valued at approximately ₹49.81 crore.

Deccan Gold Mines The company has signed a definitive Earn-In, Option and Shareholders Agreement for the Logrosan Tungsten Project in Spain. Under the agreement, Deccan Gold will invest €1.76 million to acquire a 51% stake in Logrosan Minera SL by March 2027, with options to increase its holding to 75% and eventually up to 95%, subject to milestones and future funding commitments.

Lenskart Solutions According to CNBC-TV18, Platinum Jasmine, an investment vehicle owned by the Abu Dhabi Investment Authority (ADIA), is likely to sell a 2.3% stake in Lenskart through a block deal. The transaction is estimated at ₹1,944 crore, with a floor price of ₹486 per share. Platinum Jasmine held a 12.08% stake in the company as of March 2026.

Zee Entertainment Enterprises The board has approved plans to raise a minimum of ₹2,300 crore in one or more tranches to support the company's strategic and business expansion initiatives.

Vascon Engineers The company has received a Letter of Intent (LoI) worth ₹347.43 crore from the Central Public Works Department (CPWD), Guwahati, for the demolition and redevelopment of RBI quarters at Zoo-Narengi Road Colony, Guwahati, Assam. The project will be executed on an EPC basis.

Sapphire Foods India In a bulk deal, T. Rowe Price International Discovery Fund acquired an additional 24.62 lakh shares, equivalent to a 0.76% stake, for ₹44.3 crore. Meanwhile, the Government of Singapore sold 21.8 lakh shares, representing a 0.67% stake, for ₹39.35 crore.

Punjab National Bank According to CNBC-TV18, Punjab National Bank has revised its FCNR(B) deposit rates to as high as 6.10% per annum and expects to mobilise nearly $2.5 billion through the scheme.

Power Grid Corporation of India The company's board has approved the upgradation of SCADA and associated systems of NTAMC/RTAMC at an estimated cost of ₹485.04 crore. The board has also approved an unsecured term loan facility of JPY 80 billion from JBIC and participating financial institutions. Additionally, Venkata S V has been appointed as Chief Financial Officer (CFO) with effect from 1 July.

Meesho Fidelity Investments' investment vehicles sold a combined 5.97 crore shares, representing a 1.31% stake, through block deals worth around ₹988 crore. FID FDI 2117 LLC sold 2.59 crore shares for ₹428.21 crore, while FID FDI 312 LLC offloaded 3.38 crore shares for ₹559.93 crore, both at around ₹165 per share.

PPAP Automotive has entered into a strategic partnership with Hutchinson to manufacture advanced body sealing systems for passenger vehicles in India. The collaboration will provide PPAP access to Hutchinson's technology, engineering expertise, licensed know-how, and technical support.

The Cockroach Janta Party (CJP) will hit the streets in Pune today to launch what it calls a nationwide protest demanding resignation of Union Education Minister Dharmendra Pradhan over exam-related controversies.

The petroleum ministry has asked states to accelerate migration to PNG where infrastructure exists as LPG under-recovery rises to ₹690 per cylinder and global supply pressures persist.

The US military has begun another round of strikes against Iran after Trump warned that Tehran would "pay the price" for stalled negotiations. The escalating attacks threaten to derail efforts to end the war

Fidelity Investments sells Rs 988 crore worth shares in Meesho, Goldman Sachs buys nearly 1% stake in CMR Green

As global urea prices surge, India’s fertiliser subsidy bill is projected to hit a fresh high in FY27. The pressure on public finances has revived the debate over nutrient-based subsidies and direct benefit transfers to farmers.