Stocks to watch, July 1: RIL, Nestle India, Paras Defence, KPIT Tech, HUL, Kotak Bank, Unimech Aerospace

The domestic stock market is expected to open lower on Wednesday, July 1. The GIFT NIFTY futures suggest that the NIFTY50 index will open 28 points lower.

However, the duty on exports of petrol has been hiked to ₹4/litre, from ₹1.5 per litre. The Finance Ministry, in a notification, said the duty hikes will be effective from July 1.

The revision is likely to be positive for export-oriented refiners such as Reliance Industries, MRPL, and Nayara Energy (not listed), as the sharp reduction in export duties on diesel and ATF is expected to more than offset the increase in the levy on petrol exports.

Bakshi is currently the Group Head of Human Resources at InterGlobe Enterprises.

The resignation of Pasricha marks another senior-level exit at the country's largest airline, IndiGo, since the massive operational disruptions in December 2025.

CEO Pieter Elbers departed in March, and Head of Global Sales Vinay Malhotra is set to leave next month. Jason Heter, who was heading the Operations Control Centre (OCC), left earlier this year.

A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also directed refund of ₹91,98,556 deposited by Vikram Solar, the entire admitted operational debt claimed by its creditor Isitva Steels.

Moreover, the bench comprising Justice Yogesh Khanna and Technical Member Naresh Salecha also said: "settlement, if any, can be adverted to between the parties."

The NCLAT direction came during the hearing on Monday, which contended that the insolvency petition should not have been admitted as the amount claimed was less than Rs 1 crore, the threshold prescribed under Section 4 of the IBC Code.

The company clarified that the orders were awarded in the ordinary course of business and do not include any internal orders.

It also said that the promoters, promoter group and group companies have no interest in the entities awarding these contracts, and the transactions do not qualify as related-party transactions.

The quarter that has gone by had a significant impact in terms of commodity costs because crude prices, which impact a large part of HUL's portfolio, rose significantly, crossing USD 100 per barrel at one point in time, Paranjpe said at the company’s annual general meeting (AGM).

"They have come back, and hopefully we should see things easing out a little going forward," said Paranjpe while replying to shareholders.

However, he cautioned that the impact of higher input costs would not disappear immediately.

"Commodity cost inflation this quarter has been significant and will take a while for it to come back to normalcy," Paranjpe said.

The company secured the mandate following a competitive global sourcing process involving international suppliers, Unimech said.

The signing of the agreement marks the culmination of a multi-year engagement involving technical evaluations, capability assessments, quality reviews, commercial negotiations, and extensive discussions between the two organisations, it said.

The award reflects Unimech's engineering expertise, manufacturing capabilities, quality systems, and ability to meet the stringent requirements of global aerospace customers, it added.

The partnership brings together Mizuho’s extensive global network, cross-border capabilities and expertise in structured finance with Bank of Baroda’s strong domestic franchise, deep corporate relationships and comprehensive understanding of the Indian market, a joint statement said.

Under this partnership, Mizuho and BoB will collaborate on transactions covering acquisition financing, including joint origination, structuring, co-underwriting and syndication, M&A advisory on identified deals and forming preferred-partner channels for sub-participation and secondary risk distribution, it said.

Kotak Mahindra Bank hopes to give a thrust to its affluent and small and medium enterprises business through the acquisition, as per an official statement.

The businesses to be acquired comprise approximately ₹29,000 crore in loans, ₹16,000 crore in deposits and ₹10,500 crore of assets under management, the statement said.

Deutsche Bank, which joins a slew of other global lenders who have part-exited their retail business in the country, serves around 1.5 lakh customers through a team of about 1,000 employees under the three business segments.

"Through the agreement, Powerus grants Paras an exclusive license to use the Licensed IP within India for the purpose of manufacturing and commercializing Products in India. Guardian-1 Interceptor is a high-speed, battery-powered counter-drone system developed by Powerus designed to combat low-cost aerial threats," it added.