Mylan, now part of Viatris, plans to sell its entire Biocon stake via a block deal of up to 9.2 crore shares, representing 5.64% of the company, valued at up to Rs 3,481 crore. The deal is pitched at a floor price of Rs 378.50 per share, a 7.9% discount to the prior close. Citigroup Global Markets India and Jefferies India are joint bookrunners, and the sale comes ahead of Biocon’s Q1 results.

Tata Power Co. is in talks with banks to raise at least $450 million through a five-year offshore loan via the external commercial borrowing (ECB) route. The financing would be secured by shares the company holds in its subsidiaries in Indonesia and Singapore. Discussions are at an early stage and key terms, including pricing, are not yet finalized. The funds are intended to support routine operations, optimize the debt profile and bolster liquidity for heavy capital spending over the next three years, with a focus on renewable energy as well as transmission and distribution.

Tata Consultancy Services has announced an interim dividend of Rs 12 per share, with July 15 (Wednesday) set as the record date. Under SEBI’s T+1 settlement cycle, investors must buy the stock by the close of July 14 (Monday) for the shares to be credited in time to qualify. The payout is TCS’s fourth dividend this year, taking distributions so far in 2026 to Rs 100 per share and implying a dividend yield of more than 5% at the current market price. In Q1 FY27, TCS reported 5% YoY growth in net profit and about 14% YoY revenue growth, and said its AI business had scaled to a $2.6 billion annualized revenue run rate.

Millworks Technologies Limited launched its BSE SME IPO on July 14, 2026, aiming to raise ₹160.33 crore through a book-built issue priced at ₹315–₹331 per share. Grey market demand has been strong, with the GMP at ₹390, implying about a 120% premium. The company also reported FY26 revenue of ₹148.77 crore and profit after tax (PAT) of ₹37.06 crore.

Welspun Enterprises said its subsidiary, Welspun Pune Shirur Projects, has signed a concession agreement with the Maharashtra State Infrastructure Development Corporation (MSIDC) and the Government of Maharashtra for the Rs 7,300 crore Pune-Shirur highway project. The contract will be executed under the design, build, finance, operate and transfer (DBFOT) model. The subconcession period is 29 years, including a four-year construction period from the appointed date, with extension provisions under the agreement.

Grasim Industries said its 71%-owned unit, Aditya Birla Renewables, will acquire Solenergi Power, Shell’s renewables arm in India, at an enterprise value of ₹17,200 crore. The transaction would expand Aditya Birla Renewables’ portfolio from 4.4 GW to 9.4 GW of renewable capacity. Grasim said the deal will be financed through a mix of debt, an equity infusion from Grasim, and investment from Global Infrastructure Partners (GIP), a wholly owned subsidiary of BlackRock.

Autonomix Medical (NASDAQ: AMIX) said it has entered into a warrant inducement agreement with an investor for the immediate exercise of 428,731 outstanding warrants at an amended exercise price of $6.00 per share. The company expects gross proceeds of approximately $2.6 million in cash and will issue two sets of new warrants totaling 428,731 shares each with a $5.75 exercise price and a 5.5-year term. The transaction is expected to close on or about July 15, 2026, and the related shares are registered or the company has agreed to file a registration statement for resale. Autonomix is a preclinical-stage neurointerventional medical device company whose technology has not yet been cleared for marketing in the United States.

Major global banks including Goldman Sachs, Jefferies and BNP Paribas say foreign investors have been net buyers of Indian equities for four straight weeks, with buying concentrated in large caps such as banks. The Nifty 50 is down about 7% this year, while large caps trade at a 25% discount to small caps versus a five-year average of 6%. The firms argue large caps look more attractively valued, offer better earnings visibility and could be the first beneficiaries as overseas money returns.