Market News
3 min read | Updated on June 12, 2025, 09:15 IST
SUMMARY
Stocks to Watch: Sterlite Technologies, through its demerged vertical Global Services Business, in a consortium with Dilip Buildcon Limited, bagged an order worth ₹2,631.14 crore from BSNL on Wednesday, June 11.
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The GIFT NIFTY futures indicate that the NIFTY50 index will open 39 points higher on Thursday, June 12. | Image: Shutterstock
Stocks to Watch: The GIFT NIFTY futures indicate that the NIFTY50 index will open 39 points higher on Thursday, June 12.
This facility underwent an inspection from 10th to 14th March 2025, and the inspection has been classified as No Action Indicated (NAI). The USFDA has concluded that this inspection is “closed”, it said.
Bharat Sanchar Nigam Limited (BSNL) awarded the project to the consortium for designing, supplying, constructing, installing, upgrading, operating and maintaining the middle-mile network under BharatNet for the telecom circles in Jammu & Kashmir and Ladakh, Sterile Tech said in a regulatory filing.
The investment is part of HCL's broader plan to triple its ore production capacity from the current 4 million tonnes per annum (MTPA) to 12.2 MTPA by FY2030-31.
However, this capital expenditure excludes the development of the Rakha and Chapri mines in Jharkhand, which are being revived through a Public-Private Partnership (PPP) model.
MCX shares will be in focus, as recently the commodity exchange itself received SEBI's approval to launch electricity derivatives.
The launch aims to provide market participants with effective hedging tools against electricity price volatility, enable more accurate price signals in the power sector and encourage capital investments across the electricity value chain – generation, transmission, distribution, and retail.
The Centre has reduced the Basic Customs Duty (BCD) on crude edible oils – crude sunflower, soybean, and palm oils – from 20% to 10%, resulting in the import duty differential between crude and refined edible oils increasing from 8.75% to 19.25%.
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