Market News
7 min read | Updated on July 04, 2025, 08:06 IST
SUMMARY
Stocks to Watch: State-owned MOIL has reported around a 7% year-on-year (YoY) rise in its manganese ore output to 5.02 lakh tonnes in the April-June quarter, an official statement said Thursday.
State-owned UCO Bank on Thursday said it has registered a credit growth of 16.58%, at 2.25 lakh crore, in the April-June quarter. | Image: Shutterstock
In June, MOIL recorded its highest-ever production of 1.68 lakh tonnes of manganese ore, marking a 2% increase over the corresponding period last year, the Ministry of Steel said.
"MOIL scales new heights in April-June, 2025. Registers record quarterly production since inception," it said.
A total of 32.32 lakh renewable energy certificates (RECs) were traded in the trading sessions held on June 11 and June 25, at a clearing price of Rs 350/REC and Rs 360/REC, respectively.
The next REC trading sessions are scheduled on July 9 and July 25, the country's leading electricity exchange said in a statement.
In the day-ahead market (DAM), IEX achieved 4,610 MU volumes in June as compared to 4,849 MU in June last year, posting a year-on-year (Y-o-Y) fall of 5%.
The outstanding credit was Rs 1.93 lakh crore at the end of the first quarter of the previous fiscal year, UCO Bank said in a regulatory filing.
The Kolkata-headquartered lender reported an 11.57% increase in total deposits to Rs 2.99 lakh crore in the reporting quarter as against Rs 2.68 lakh crore at the end of the first quarter of the previous financial year.
SEBI issued the certificate of registration to MSBPL on July 1, 2025, the company said in a statement on Thursday.
With this approval, MSBPL can now buy, sell, deal, clear, and settle equity trades in the Indian stock market.
The commissioning of three next-generation units dedicated to defence production reflects BEML’s strategic push to enhance indigenous capabilities and accelerate the delivery of mission-critical military platforms, the company said in a statement.
The new facilities were inaugurated by BEML Chairman and Managing Director Shantanu Roy in the presence of the company’s functional directors and senior leadership.
However, aluminum production rose marginally by 1% to 6,05,000 tonnes during the first quarter, and the iron ore output also increased by 42% to 1.8 million tonnes during the period.
The production of saleable steel dropped 2% to 3,49,000 tonnes, in the case of refined metal, the decline was by 5% to 2,50,000 tonnes.
In oil and gas, Vedanta's average daily gross operated production dropped 17% during the quarter to 93,200 barrels of oil equivalent per day (boepd).
Siri Fort Auditorium, located in South Delhi, was constructed in 1982 during the Asian Games. It currently has four auditoriums with a combined seating of over 2,600.
In the past four decades, the auditorium complex has hosted global film festivals, musical events, and public events.
In a regulatory filing on Thursday, NBCC announced that it has signed a memorandum of understanding (MoU) with NFDC for the "comprehensive renovation and redevelopment of Siri Fort Auditorium Complex."
In a regulatory filing, ONGC said it signed a Heads of Agreement on Thursday with Mitsui "to enter into a partnership to build, own, and operate two very large ethane carriers (VLECs).
It, however, did not give financial details of the partnership, including the equity stake the two firms would hold.
While vegetable oil prices eased following the cut in import duty by the government, and crude oil derivatives remained range-bound," it added.
Owing to this, gross margin is expected to be under "incremental pressure on a particularly high base and partly due to the pricing-led high denominator effect.
Its global deposits also increased 9.13% YoY to ₹14.35 trillion during the quarter as compared to ₹13.15 trillion in Q1 FY25. The global advances of the bank also increased 12.63% to ₹12.07 trillion as of June 30, 2025, as against ₹10.71 trillion YoY.
The deposits book grew by 15% to approximately ₹72,100 crore as of 30 June 2025 as compared to ₹62,774 crore as of June 30, 2024.
AUM in Q1 FY26 grew by approximately ₹5,716 crore.
Related News
About The Author