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Rane (Madras) Limited said it will acquire Hindustan Composites’ friction business for ₹370 crore. The unit reported FY26 revenue of ₹315.04 crore and PBT of ₹40.29 crore, and accounted for 84% of the seller’s total turnover. The deal is expected to close by the end of the second quarter and is structured on a cash-free and debt-free basis. Separately, the company reported FY 2025-26 standalone PAT of ₹111.44 crores, up 125% year-on-year, with EPS of ₹40.32 and a proposed 160% dividend.

TSMC is set to report second-quarter earnings on Thursday after saying it is working to meet strong demand for AI chips and is considering raising prices for customers. The update has reinforced expectations of sustained strength across the AI computing supply chain. The story highlights Nvidia, Meta, Apple and AMD as key TSMC customers, with Nvidia and Meta up 4.03% and 5.97% on the day, among the S&P 500’s top gainers.

Lippi Systems Limited is facing a mandatory open offer in which the acquirers will bid ₹56.84 per share for 25.05% of the public shareholding, valuing the offer at ₹19.22 crore. The offer is triggered by agreements to buy shares from existing promoters and subscribe to warrants, which are expected to lift the acquirers’ holding to about 74.58% and result in a change of control. For the financial year ended March 31, 2026, the company reported profit after tax of ₹377.24 lakh, compared with a loss of ₹74.24 lakh a year earlier.

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.

Persistent Systems reported FY2025-26 revenue of $1.654 billion, up 17.4%, and said profit after tax rose 33.21% while its EBIT margin improved by 90 bps to 15.6%. The company said Q4 marked its 24th consecutive quarter of sequential revenue growth. Its board proposed a final dividend of INR 18 per share, taking the full-year dividend to INR 40 per share. A planned acquisition of Germany’s Nagarro SE for an enterprise value of €1.27 billion has been put to shareholders for approval, with closing expected in Q4 of Calendar Year 2026 or early Q1 of Calendar Year 2027.

Glass House Brands said a July 2025 immigration raid led to the arrests of hundreds of workers and the death of one worker, contributing to a revenue decline and a loss of nearly $30 million. In April 2025, the federal government reclassified medical marijuana as a Schedule III controlled substance, prompting the company to spin off its retail unit and list on the New York Stock Exchange on June 30. The stock jumped 60% in a single session in December after a federal policy signal and doubled over four months. Analysts say labor disruptions have largely eased and that the company has potential to sell across borders.

Organic Recycling Systems will hold a board meeting on July 6, 2026, to consider a 1:2 bonus share issue. If approved, the company plans to convene an Extraordinary General Meeting on Aug. 3, 2026, to seek shareholder consent. The proposal involves issuing 51,99,637 equity shares with a face value of ₹10, funded through the securities premium account and the capital redemption reserve account. The move is a capitalization of reserves and does not involve new fundraising, changes in profitability, or business adjustments.

Union Bank of India said at its AGM on July 10, 2026 that it will pay a dividend of ₹5 per share for FY2025-26 and approved the appointment of Asheesh Pandey as MD & CEO. Its disclosures for the period ended June 30, 2026 showed total loans up 12.5% year on year, with the CASA ratio rising to 35.1%. The bank also reported a domestic credit-deposit ratio of 83.38%.

Meta shares rose 15% this week, marking their strongest weekly performance in two years and turning the stock up more than 2% for the year. The company released the Muse Image image-generation model and introduced Muse Spark 1.1 for agentic and coding workloads. Meta also confirmed its first in-house AI chip, codenamed Iris, is expected to begin manufacturing in September. Investors read the updates as signs of faster AI execution, tighter cost control and more paths to revenue beyond ads.

Universal Cables Limited will hold its 81st Annual General Meeting on August 3, 2026, seeking shareholder approval to raise its borrowing limit from ₹3500 crore to ₹4500 crore. Shareholders will also vote on adopting the audited financial statements for FY 2025–26, declaring a dividend of ₹4.50 per equity share (45%), and ratifying the cost auditor’s remuneration. The company said the higher borrowing ceiling is meant to support long-term strategy, capital expenditure and incremental working capital needs.