Market Movers: Key Stocks in Today's Business News
Several prominent companies are making headlines today, Monday, June 15, with significant developments impacting their market positions and investor interest. From major stock debuts to strategic acquisitions and regulatory updates, the business landscape is buzzing with activity.
Vedanta Demerged Entities Make Market Debut
Four newly demerged entities from metal major **Vedanta** — **Vedanta Aluminium**, **Vedanta Oil & Gas**, **Vedanta Power**, and **Vedanta Iron & Steel** — are making their anticipated stock market debut today, Monday, June 15. These listings follow their demerger from the main Vedanta entity on April 30, with May 1, 2026, set as the record date for the split.
Reliance Industries' Jio Platforms Achieves Patent Milestone
**Reliance Industries** (RIL) subsidiary, **Jio Platforms**, has achieved a significant milestone, entering the global top 20 in the latest Patent Cooperation Treaty (PCT) rankings published by the World Intellectual Property Organization (WIPO). The report highlights top PCT applicants based on their published data, with Jio Platforms cumulatively filing 6,817 patents by March 2026.
Nestle India Rejects Maggi Infestation Claims
FMCG giant **Nestle India** has publicly refuted allegations concerning the presence of infestation in its popular MAGGI noodles. The company stated it has not yet received the complaint sample from the complainant, citing an unreachable account.
Dr. Reddy's Laboratories Launches Generic Cancer Drug in US
**Dr. Reddy's Laboratories** announced a major expansion of its oncology portfolio with the first-to-market launch of Bosutinib Tablets 400 mg in the United States. This generic equivalent of Bosulif is a first-to-file product, granting the pharma major 180 days of generic drug exclusivity for this strength in the US market.
Power Grid Secures Green Energy Transmission Project
**Power Grid Corporation of India** has been named the successful bidder for a crucial Inter-State Transmission System (ISTS) project. This initiative will support proposed green hydrogen and green ammonia projects in the Kakinada area (Phase I) on a build, own, operate, and transfer (BOOT) basis. The project includes establishing a new 765/400 kV GIS substation.
YES Bank Appoints New Auditors
Private lender **YES Bank** has confirmed the appointment of **MSKA & Associates LLP**, Chartered Accountants, as their Joint Statutory Auditors for the financial year 2026-27. Additionally, **CNK & Associates LLP**, Chartered Accountants, has been re-appointed for their third consecutive year in the same role.
Aurobindo Pharma Facility Receives USFDA 'Official Action Indicated' Status
The US Food and Drug Administration (USFDA) inspected **Aurobindo Pharma**'s Eugia Unit-III, a formulation manufacturing facility of its wholly owned subsidiary, Eugia Pharma Specialities, in Telangana. The inspection, conducted from January 27 to February 6, 2026, concluded with 11 observations, leading the USFDA to classify the facility's inspection status as Official Action Indicated (OAI).
Ipca Laboratories Enters Global Licensing Agreement
Pharmaceutical firm **Ipca Laboratories** has entered into a definitive global licensing agreement with BRL. This agreement grants Ipca access to BRL's proprietary high-concentration subcutaneous biologics delivery platform, enabling the development and commercialization of multiple monoclonal antibody products targeting oncology and inflammatory diseases.
Hindustan Petroleum Corporation Recommends Dividend
The board of oil marketing company **Hindustan Petroleum Corporation** (HPCL) has recommended a final dividend of Rs 19.25 per share for the financial year 2025–26. The record date for this dividend has been set for August 14.
NLC India Wins Mineral Block Bid
Coal mining player **NLC India** has been declared the preferred bidder for the Govindpur Vanadium, Titanium & Aluminous Laterite Block in Sangareddy, Telangana. This follows the critical and strategic mineral blocks e-auction conducted by the Ministry of Mines on June 12.
RBL Bank Appoints New CFO
**RBL Bank**'s board has approved the appointment of **Bhavin Lakhpatwala** as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the bank, effective June 12. **Deepak Ruiya** will no longer be a KMP but will continue in his role as Deputy CFO.
JSW Energy Acquires Thermal Power Project
Utilities company **JSW Energy** has finalized an agreement to acquire 100 percent equity shares of **Maruti Clean Coal and Power** (MCCPL) from Kolahai Infotech and SFI Parcel Services for Rs 1,410 crore. MCCPL, which owns and operates a 300 MW thermal power project in Chhattisgarh, will become a wholly owned subsidiary of JSW Energy.
Meesho Acquires Kirana Club
New-age e-commerce platform **Meesho** has announced the acquisition of **Kirana Club**, a community-led B2B commerce platform, for Rs 202.08 crore. The acquisition will be completed in three tranches, with Kirana Club becoming a wholly owned subsidiary. Retail Pulse Labs (RPLPL) will subsequently become a step-down subsidiary, with Meesho indirectly holding a 99.59 percent stake through Kirana Club.
Krishna Institute of Medical Sciences Approves Warrant Allotment
The board of directors for **Krishna Institute of Medical Sciences** (KIMS) has approved the preferential allotment of 77.02 lakh warrants, valued at Rs 600 crore, to its promoter group. The issue price has been fixed at Rs 779 per warrant, and an extraordinary general meeting (EGM) of shareholders is scheduled for July 9 to address this.
Ashoka Buildcon Secures Gems & Jewellery Park Project
Infra and construction company **Ashoka Buildcon** has received a Letter of Acceptance (LoA) from the Chhattisgarh State Industrial Development Corporation. The LoA is for the development of a Gems & Jewellery Park in Raipur under a public-private partnership (PPP) model, with an accepted premium amount payable for the project of Rs 112.40 crore.
SEPC Wins SAIL Expansion Contract
Infra and engineering firm **SEPC** has secured a Letter of Acceptance (LoA) worth Rs 673.32 crore from **Steel Authority of India** (SAIL) IISCO Steel Plant (ISP), Burnpur. This contract is for the 4.08 MTPA crude steel expansion project at the plant.
Karur Vysya Bank Increases FCNR Deposit Rates
Private lender **Karur Vysya Bank** has revised its interest rates on Foreign Currency Non-Resident (FCNR) deposits. The bank is now offering a competitive 7 percent per annum on US Dollar (USD) FCNR deposits with tenures of three years and above.