Hindustan Copper Ltd (HCL) is collaborating with Chile's CODELCO to enhance its production capacity. HCL executives will visit CODELCO mines in Chile to gain technical expertise. A CODELCO delegation is currently in India reviewing HCL's operations. This partnership follows an MoU signed on March 1, 2025, focusing on sharing technical knowledge and best practices.

Allied Engineering Works, a smart energy meter manufacturer, has filed draft papers with Sebi for an IPO. The offering includes a fresh issue of shares worth Rs 400 crore and an offer-for-sale of 75 lakh shares by promoter Ashutosh Goel. Proceeds will primarily fund new manufacturing facilities for smart meters and IoT solutions, as well as meet working capital requirements.

Smarten Power Systems has announced its IPO opening on July 7, with a price band fixed at Rs 100 per share. The Rs 50-crore IPO includes a fresh issue of up to 40.01 lakh equity shares (Rs 40.01 crore) and an offer for sale of 10 lakh shares (Rs 10 crore). The IPO will close on July 9, with shares to be listed on NSE's Emerge platform.

OPEC+ has agreed to boost oil production by 548,000 barrels per day in August, surpassing expectations of a 411,000 barrel increase. This decision, made during a video conference on Saturday, puts the group on track to unwind its recent output cuts a year earlier than initially planned. The move is part of OPEC+'s strategy shift from output restraint to increasing supply. The group will consider adding another 548,000 barrels per day in September at their next meeting on August 3. This acceleration aims to capitalize on strong summer demand, though it comes amid concerns of a potential oversupply later in the year.

Cochin Shipyard has announced a partnership with HD Korea Shipbuilding & Offshore Engineering. The collaboration will span various domains, though specific details of these domains are not provided in the given news snippet.

Bank of Baroda has lowered its home loan interest rates to 7.45% and is offering zero processing fees. This move aims to make home loans more accessible and affordable for customers.

V2 Retail is evaluating a QIP to fund new store openings and clear existing loans. The company aims to increase store opening guidance and boost Pre-Ind AS Ebitda margin to 10% in 2-3 years. V2 Retail plans to unify its labels under 'No Brand Only Fashion' and maintain its value-driven model without significant price increases.

IdeaForge Technology anticipates over 20% EBITDA margin in FY26 due to expected revenue growth. The company has a strong order pipeline and potential quick conversion of L1 projects. The Indian Army's Rs 9,000-crore budget for technology induction post Operation Sindoor may lead to order conversions this year. IdeaForge aims to execute existing orders quickly to meet immediate national needs.

Elon Musk has stated that he has established a new political party in the United States. No additional details about the party's platform, goals, or other members were provided in the available information.

US authorities have arrested Nehal Modi, brother of fugitive diamantaire Nirav Modi, following extradition requests from Indian agencies. Nehal is accused of money laundering and criminal conspiracy in the Rs 13,000 crore PNB fraud case. The next hearing is scheduled for July 17.

An IndiGo flight from Delhi to Pune was delayed by 4.5 hours after the pilot fell ill before takeoff. The airline provided medical assistance and arranged an alternative crew. The incident occurred on July 4, with the flight eventually departing at 10:27 am.

Shyam Metalics reported an 18% QoQ decline in stainless steel sales volume to 19,813 tonnes for Q1 FY26, but average realisation increased 8% to ₹1.38 lakh per tonne. Aluminium foil sales volume decreased 3% QoQ to 5,440 tonnes, with a 4% rise in average realisation to ₹3.65 lakh per tonne.

UltraTech Cement refutes media reports of being under CCI investigation for cement cartelisation. The company clarifies it has not received any CCI order or request for financial records. UltraTech's subsidiary, India Cements Ltd, is involved in the case and will make separate disclosures.

Ultratech Cement has denied claims made in an NDTV article titled 'Ultratech Under Scanner In Cement Cartelisation Case'. The company stated that the allegations in the article are false and misleading.

Adani Ports and Special Economic Zone Ltd. inaugurated a 1.1 km steel slag road at Hazira Port, Gujarat, connecting the Multi-Purpose Berth to the coal yard. This innovative project, developed in partnership with CSIR-CRRI and the Ministry of Science and Technology, demonstrates sustainable reuse of industrial waste in port infrastructure.

Adani Ports has unveiled the first steel slag road at its Hazira port, marking it as the first such road in any private port worldwide. This development showcases the company's innovative approach to infrastructure and potentially sustainable practices in port operations.

Flexible workspace provider Smartworks is set to launch its Initial Public Offering (IPO) on July 10, closing on July 14. The company aims to raise Rs 445 crore through a fresh issue of equity shares. Additionally, there will be an offer for sale (OFS) of 3.3 million shares. This IPO size has been reduced from the initially planned Rs 550 crore and 6.759 million shares in the OFS.

Smarten Power System Limited is opening its SME IPO on July 7, aiming to raise Rs 50 crore. The IPO price is set at Rs 100 per share, with a minimum lot size of 1,200 shares. The issue closes on July 9, with allotment expected on July 10 and listing on NSE SME platform on July 14. Proceeds will be used for purchasing assets, working capital, debt repayment, and capital expenditure.

OPEC+ has agreed to increase oil production by 548,000 barrels per day in August, surpassing the previously expected 411,000 barrels per day. This decision was made during a virtual meeting on Saturday and is part of the group's strategy to accelerate the revival of curtailed production. The increase is larger than the 411,000 barrels per day hikes implemented in May, June, and July. OPEC+ aims to complete the return of 2.2 million barrels a day of previously halted output by September, a year earlier than originally planned. The group is capitalizing on strong summer demand and seeking to reclaim market share.

Safex Chemicals (India) Ltd has filed draft papers with SEBI for an IPO comprising a fresh issue of shares worth ₹450 crore and an offer-for-sale of up to 3.57 crore shares by promoters and investors. The company may consider a ₹90 crore pre-IPO placement. Proceeds from the fresh issue will be used to repay debt and for general corporate purposes. The shares will be listed on NSE and BSE.

Shyam Metalics has reported substantial growth in two key product categories. The company's colour-coated CR coils/sheets volumes increased by 93% compared to the previous quarter, reaching 31,604 MT. Additionally, HR tubes/pipes volumes saw a 152% quarter-on-quarter increase to 1,005 MT, with the average price rising by 7%. The company also mentioned aluminium in their report, but no specific details were provided.

Safex Chemicals (India) Ltd. has filed draft papers with SEBI for an IPO to raise at least Rs 450 crore through a fresh issue of shares. The IPO will also include an offer-for-sale component from promoters and investors. The company plans to list on NSE and BSE, using the proceeds to repay borrowings for itself and its subsidiary Shogun Organics Ltd.

Utkarsh Small Finance Bank reported an 18.3% YoY increase in total deposits to ₹21,489 crore for Q1 FY26. Gross loan portfolio grew 2.3% YoY but fell 2.2% QoQ. CASA deposits rose 22.1% YoY but decreased 10.2% sequentially. JLG loans dropped 23.1% YoY, while non-JLG loans surged 39.4% YoY. The bank maintained a strong liquidity profile with an LCR of 238%.

Dhanlaxmi Bank reported a 15.8% YoY increase in total business for Q1 FY26, reaching ₹29,054 crore. Gross advances grew 17.3% YoY to ₹12,484 crore, with gold loans jumping 28.1% YoY to ₹4,039 crore. Total deposits rose 14.7% YoY to ₹16,570 crore, while CASA deposits increased 3.8% YoY to ₹4,675 crore.

OPEC+ has reached a consensus to increase oil production by 548,000 barrels per day in August, as reported by delegates. This decision represents a significant adjustment to the group's output levels.

Safex Chemicals (India) has filed preliminary papers with Sebi for an IPO. The offering includes a fresh issue of shares worth Rs 450 crore and an offer-for-sale of 35,734,818 shares by existing shareholders. Proceeds from the fresh issue will be used for debt payment and general corporate purposes. The company may consider a pre-IPO placement of Rs 90 crore, which would reduce the fresh issue size if completed.

Utkarsh Small Finance Bank has reported financial growth in the first quarter of fiscal year 2026. The bank's gross loan portfolio increased by 2.3% year-over-year to ₹19,224 crore. Additionally, deposits saw a significant rise of 16.8% compared to the previous year, reaching ₹21,489 crore.

Susim Mukul Datta, former Chairman of Hindustan Unilever Ltd (HUL), died on July 5 in Mumbai. Datta led HUL from 1990 to 1996 and held leadership positions in over 21 companies throughout his career.

Foxconn has experienced a 15.8% increase in quarterly sales. This growth is attributed to two main factors: a surge in demand for AI servers and increased sales of iPhones. The company's performance indicates strong market demand in both the artificial intelligence and smartphone sectors.

RVNL signed a ₹143.3 crore contract with South Central Railway to upgrade the electric traction system in Salem division. The project aims to meet Southern Railway's 3,000 MT loading target and is to be completed within 24 months.

Rail Vikas Nigam Limited (RVNL) has been awarded a contract worth ₹143.38 crore by Southern Railway. The contract is for improving the traction system, which is likely related to enhancing the railway's electrical power distribution for train operations.

Dhanlaxmi Bank has reported a 15.8% year-on-year growth in total business, reaching ₹29,054 crores for the first quarter. The bank's performance indicates positive financial results for the specified period.

Shakti Pumps has announced the allocation of 3,187,365 equity shares to Qualified Institutional Buyers (QIBs) at a price of ₹918 per share. This share allocation has resulted in the company raising approximately ₹2,926 million.

Travel Food Services Limited has raised Rs 599 crore from 33 anchor investors, allocating 54,43,635 equity shares at Rs. 1,100 per share. The company's IPO opens for public subscription on July 7, 2025, with a price band of Rs 1,045 – Rs 1,100 per equity share. The IPO is an offer for sale of up to Rs 2,000 crore by Kapur Family Trust and will close on July 9, 2025.

Quality Power Electrical Equipments has emerged as the top performer among 2025 IPOs, delivering a 75% gain despite initially listing at a 9% discount. The company's stock is currently trading at Rs 737, up from its issue price of Rs 425. Out of 26 mainboard IPOs in 2025, about 70% are trading above their issue prices, with 12 posting double-digit gains.

Proxy advisory firm SES has changed its recommendation and now supports Zee Entertainment's resolution to issue convertible warrants to the Promoter Group. The decision came after Zee addressed SES's concerns about pricing. The warrant issue, priced at ₹132 per warrant, will raise ₹2,240 crore and increase promoter stake from 4% to 18%.

Gold prices increased by 0.3% to $3,336.39 per ounce on Friday, heading for a 1.9% weekly gain. The rise is attributed to a weaker U.S. dollar and increased safe-haven demand amid trade deal uncertainties. U.S. gold futures also rose 0.1% to $3,346.60. The dollar index fell 0.2%, making gold more attractive to holders of other currencies. The upcoming July 9 deadline for U.S. tariffs and recent U.S. fiscal developments have contributed to gold's appeal as a safe-haven asset.

Oil futures declined slightly in thin holiday trading on Friday, with Brent crude settling down 50 cents at $68.30 a barrel and WTI crude down 50 cents at $66.50. The market is anticipating the OPEC+ meeting on Saturday, where member countries are expected to decide on raising output. Eight OPEC+ countries are likely to increase oil output for August, potentially by 411,000 barrels per day. The meeting was moved forward to Saturday from its original date.

Trent Ltd shares fell 11.8% after the company lowered its Q1 revenue growth forecast to 20%, below previous expectations. Analysts suggest further 4-5% decline possible. Nuvama downgraded Trent to 'hold' and reduced target price to ₹5,884 from ₹6,627.

President Trump has announced that he has signed 12 letters related to tariffs, which are scheduled to be sent out on Monday. Trump stated that he will not disclose which countries these letters are being sent to.

Trump stated that letters will have differences in terms of money and tariffs. No additional context or details were provided about the nature of these letters or their recipients.

Trump made several statements on international issues. He mentioned that Putin is concerned about sanctions on Russia. Trump also suggested there might be an agreement on Gaza next week. Regarding Iran, he stated that the country may resume its nuclear program at a different site, but also claimed that Iran's nuclear program has experienced a permanent setback.

OPEC+ is contemplating an increase in oil production by more than 411,000 barrels, according to delegates. This potential boost in output is being discussed by the organization of oil-producing countries and their allies.

Leaders of BRICS nations are planning to adopt a different strategy on trade tariffs compared to the approach taken by US President Donald Trump. The BRICS countries are looking at alternative methods to address trade issues, potentially diverging from the tariff-focused policies implemented by the United States.

A Palestinian official involved in negotiations has stated that HAMAS's positive reaction could contribute to reaching an agreement. The official's comment suggests ongoing talks and a potential for progress in negotiations involving HAMAS.

A Hamas official has stated that the group has provided its answer to a ceasefire proposal mediated by the United States. The proposal aims to bring about a cessation of hostilities. No details about the content of Hamas's response or the specifics of the ceasefire proposal were provided in the available information.

Nuvama Wealth Management Ltd clarified that there are no undisclosed material developments causing its recent share price decline. The company denied any ongoing negotiations or pending regulatory proceedings, and reaffirmed its compliance with SEBI's disclosure requirements.

Reliance Industries is investing in new energy and AI infrastructure, including a Generative AI data centre in Jamnagar and green energy projects in Gujarat. Morgan Stanley projects a 14% CAGR in earnings from FY25 to FY28, driven by growth across O2C, retail, telecom, and new energy segments. The firm's target price for Reliance shares is ₹2,034.

A fire erupted on the second floor of a four-story Vishal Mega Mart building in Karol Bagh, Delhi. 13 fire tenders responded, and while no injuries are reported, one person is suspected to be missing. The cause of the fire is unknown, and search and rescue operations are ongoing.