1d ago
Welspun Enterprises unit signs Rs 7,300 crore Pune-Shirur highway concession
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.
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Grasim shares in focus after Aditya Birla Renewables agrees ₹17,200 crore deal for Solenergi Power
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.
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Autonomix Medical signs warrant inducement for 428,731 shares, expects about $2.6 million in proceeds
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.
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Foreign inflows spur hopes for rebound in India’s beaten-down large caps
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.
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Australia eSafety report flags gaps in Big Tech tools to curb child sexual extortion
Australia’s eSafety Commissioner released a transparency report on July 14, 2026, saying major platforms including Apple, Google, Meta, Snap, Discord, Microsoft and WhatsApp have significant technical gaps in detecting and stopping child sexual extortion. The report highlights weaknesses in using available tools such as language analysis to spot coercion scripts used by offenders. The regulator said it received more than 2,000 sexual extortion complaints in the second half of 2025, with men aged 18–24 the most affected group. The release signals tougher cross-border tech oversight, though it did not announce immediate penalties or new rules taking effect.
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S&P reaffirms Indonesia at BBB/A-2 with stable outlook, flags fiscal strains as temporary
S&P Global has reaffirmed Indonesia’s sovereign credit rating at BBB/A-2 with a stable outlook, saying recent fiscal strains should be temporary and could be offset by higher commodity prices and spending cuts. The decision contrasts with Moody’s and Fitch, which cut their outlooks for Indonesia to negative earlier in the year, helping bolster market confidence in the country’s economic management. A Bank Indonesia official said the rupiah has significant room to strengthen after it recently touched a record low of 18,000 per dollar.
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Robinhood-backed chain posts $294M stablecoin market cap and $140M TVL in under two weeks
Robinhood has launched its own blockchain, with stablecoins on the network reaching a $294M market cap—larger than $NEAR, $DOT and $ALGO. The chain’s total value locked (TVL) has climbed to $140M in under two weeks. Decentralized exchange (DEX) trading volume over the past seven days has topped $3B. The rollout has been likened to the launch of the $ETH mainnet, underscoring the pace of ecosystem expansion and capital concentration.
ETH
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SBI to book ₹13,655 crore gain from SBI Funds Management and NSE stake sales
State Bank of India expects a one-off gain of about ₹13,655 crore from reducing its stake in SBI Funds Management and selling shares in the National Stock Exchange. The proceeds are set to flow through other income, boosting net worth and adding roughly 27–30 basis points to the bank’s capital adequacy ratio. The stronger capital buffer could help SBI increase expected credit loss (ECL) provisions and support loan growth. SBI’s capital adequacy ratio currently stands at 15.40%, above regulatory requirements.
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