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.

NTPC’s board on 11th July 2026 cleared an investment proposal of Rs 20,456.7 crore for the Lara Super Thermal Power Project, StageIII in Chhattisgarh, adding 1,600 MW through two 800 MW units. The company did not provide the commissioning timeline or funding details for the project. Separately, NTPC reported a 15% year-on-year rise in net profit to Rs 8,747.3 crore for the March quarter. The profit came in well above the Rs 6,241 crore estimate in the CNBCTV18 poll.

Gold prices in India stayed elevated on July 11, with 24K gold at Rs 14,483 per gram and 22K at Rs 13,276 per gram, while silver traded at Rs 240.10 per gram. MCX gold futures eased slightly, with price swings narrowing during the session. The article says prices are being supported by inflation concerns linked to the ongoing US-Iran conflict, broader geopolitical risks and Brent crude holding above $77 per barrel. Near-term direction is expected to hinge on geopolitical developments, oil prices, US inflation data and signals from the Federal Reserve.

DMart (Avenue Supermarts, ticker: ONUS) is scheduled to release its FY2026 Q1 results on July 11. Several brokerages forecast around 15% year-on-year revenue growth, with PAT seen up 9–14% and EBITDA up 11–15%, while EBITDA margin is expected to face pressure (down 25 bps YoY or flat). A quarterly update showed Q1 standalone revenue of 18343.49 crore rupees, up 15% YoY, and three store additions taking the total to 503, though the pace was viewed as milder than expected. Investors are expected to focus on demand trends across customer cohorts, same-store sales growth and the durability of the expansion plan.

S&P Global Ratings and ICRA on Friday assigned YES Bank long-term ratings of BB+ with a stable outlook, while ICRA also rated the lender’s infrastructure bonds at ICRA AA. The action follows Sumitomo Mitsui Banking Corp. (SMBC) completing a 24.9% strategic stake buy and ongoing improvement in asset quality, according to the rating agencies. YES Bank shares rose 1.39% to Rs 23.98, and were up 25% over three months. The agencies cited comfortable capitalisation, deposit growth and improving net interest margin, while flagging below-average spreads and a high cost-to-income ratio as constraints.

Tata Consultancy Services is set to report its FY2025 Q1 results after market close on July 9, with net profit expected to rise 5.3%–5.9% year on year and revenue seen up 12.6%–13.9%. EBIT margin is forecast to slip 140–160 basis points sequentially to 23.8%–23.9%, mainly due to company-wide wage increases effective April. Constant-currency revenue is expected to be flat quarter on quarter, reflecting macro headwinds and client expectations for AI-led cost reductions, while new order wins are seen at $8–9 billion, below last year. The board will also consider an FY27 interim dividend.

Crude oil extended gains and touched $79.18 a barrel as investors tracked tensions in West Asia after the US President said the US-Iran ceasefire is over, even as peace talks continued. Indian benchmarks Sensex and Nifty were seen moving in a range with a positive bias after the prior session’s selloff, while Asian markets were mixed. The focus for domestic equities also remains on foreign investor flows and whether support levels in local indices hold.

India’s National Financial Reporting Authority (NFRA) has confirmed it has launched a formal investigation into Rajesh Exports Ltd, after the Securities and Exchange Board of India (SEBI) issued an interim order alleging revenue misrepresentation of about Rs 15.15 lakh crore over five years. SEBI also alleged diversion of funds and gaps in disclosure related to subsidiaries, and barred the company and promoter Rajesh Mehta from accessing the securities market. The stock is down 47.25% year-to-date and fell a further 3.32% on the day.

Vedanta, Tata Steel, Hindalco and Hindustan Zinc are set to report FY2025 first-quarter results. Brokerage Nuvama expects higher zinc, aluminium and copper prices to lift EBITDA, with Vedanta’s international zinc business seen surging 145% QoQ and Hindalco’s aluminium segment rising 16% QoQ. Some segments are likely to see weaker volumes, but price strength is expected to underpin earnings improvement.