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5 min read | Updated on July 08, 2025, 08:12 IST
SUMMARY
Stocks to Watch: PNG Jewellers on Monday, July 7, announced its first quarter business update for the 2025-26 financial year (Q1FY26), reporting a 19.4% year-on-year (YoY) growth in its retail segment compared to Q1FY25.
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The GIFT NIFTY futures suggest that the NIFTY50 index will open 49 points lower. | Image: Shutterstock
The Government Pension Fund Global holds a 3.86% stake in Zee Entertainment Enterprises Ltd (ZEEL) as of the quarter ended March 31, 2025, as per BSE data. It is among the single-largest shareholders of the Indian firm.
In a post on its website, Norges Bank Investment Management indicated that it will vote "for" ZEEL's proposal to "approve issuance of fully convertible warrants to the promoter group entities on a preferential basis".
Last month, ZEEL said it planned to raise ₹2,237.44 crore from promoter group entities, which will lead to an increase in promoter shareholding to 18.4%.
The overall growth in the jewellery business experienced the impact of volatility in the gold prices. The Akshay Tritiya period saw some growth, which was later impacted by higher gold prices from mid-May to the end of June.
In a regulatory filing, Lodha Developers said, "We achieved pre-sales of ₹4,450 crore in Q1, FY26, showing 10% year-on-year growth."
The growth was despite the impact of geopolitical tensions in the first half of the quarter, which resulted in a 'loss' of activity for around two weeks, the company said.
Lodha Developers said it would meet the sales bookings target of ₹21,000 crore of this fiscal year.
The LoA is for the reconstruction of berth 8 and mechanisation of berth 7 at Netaji Subhas Dock, the company said.
The project, which has been awarded on a build, finance, operate, and transfer (DBFOT) basis under the PPP model, comes with a 30-year concession period and aligns with JSW Infrastructure's strategy to expand its terminal portfolio under the government's port privatisation initiative, the company said.
Compared to the prior year, wholesale volumes for the first quarter were down in North America, Europe and the UK by 12%, 14% and 25%, respectively, JLR said in a statement.
The UK market was the most impacted by the planned cessation of the legacy Jaguar models, it added.
Total deposits (average) increased by 5% QoQ and 12.9% YoY to 4,91,998 crore.
The lender also cut the interest rate on green deposits and pointed out that a 999-day deposit will earn 6.70% now against 7% earlier, according to a statement.
Srinivasan, whose appointment to the post is effective from July 28, succeeds Deepesh Baxi, who moved on from the role in March 2025 to pursue other opportunities, the company said in a statement.
In her current role, Srinivasan will lead Castrol India's financial function and be a key member of the leadership team, the company said. "Mrinalini's experience in navigating complex business environments and driving alignment across teams will be a real asset," said Kedar Lele, Managing Director at Castrol India Ltd.
The company issued 31.87 lakh shares to qualified institutional investors at ₹918 per share, a 4.97% discount to the SEBI floor price of ₹965.96.
The proceeds will be used to establish a high-efficiency solar domestic content requirement (DCR) cell and solar PV module manufacturing plant in Pithampur, Madhya Pradesh, through subsidiary Shakti Energy Solutions, with a production capacity of 2.20 GW, the company said in a statement.
The project involves the construction of the Kotak School of Sustainability, a landmark development aligned with sustainable infrastructure goals, the company said in a statement.
The tender, floated by the Indian Institute of Technology, Kanpur, is valued at ₹70.92 crore, it added.
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