Indian equity benchmark indices continued their upward trend, driven by a reduction in geopolitical tensions, leading to lower crude oil prices, softer bond yields, and a stronger Indian currency. The BSE Sensex closed up 347.14 points (0.45%) at 77,155.62, and the NSE Nifty50 gained 96.55 points (0.40%), ending at 24,085.70. Several companies are making headlines with significant corporate actions and developments before the market opens on Thursday, June 18, 2026.
Bosch Home Comfort Announces Offer-for-Sale
Promoter Bosch Global Software Technologies plans to offload up to a 7.97% stake, or 21.7 lakh shares, in Bosch Home Comfort. This offer-for-sale (OFS) will take place on June 18-19, with a greenshoe option of 0.75% included in the total offer size. The floor price for the shares has been set at Rs 1,150 per share, attracting significant market attention.
Apollo Hospitals Settles RBI Case
The Reserve Bank of India (RBI) has issued a compounding order concerning Apollo Hospitals Enterprises, effectively terminating all proceedings against the hospital and healthcare chain. Apollo Hospitals has paid a compounding amount of Rs 17.8 crore to resolve the matter, bringing closure to the regulatory issue.
Lupin Launches New Hypertension Drug in US
Global pharmaceutical major Lupin has successfully launched Azilsartan Medoxomil Tablets (40mg and 80mg) in the United States. This follows the US FDA's approval of its Abbreviated New Drug Application. The product, bioequivalent to Azurity Pharmaceuticals' Edarbi, is indicated for the treatment of hypertension in adults to help lower blood pressure effectively.
RVNL Secures Major Railway Contracts
State-run railway firm Rail Vikas Nigam (RVNL) has received a Letter of Acceptance (LoA) from East Coast Railway. This contract involves the construction of bridges on an EPC (Engineering, Procurement, and Construction) basis for the 3rd and 4th railway lines between Nergundi-Barang and Khurda Road-Vizianagaram within the Bhadrak-Vizianagaram section. The order is valued at a substantial Rs 967.92 crore, underscoring RVNL's crucial role in India's railway infrastructure expansion.
Lemon Tree Hotels Expands in Rajasthan
Hospitality chain Lemon Tree Hotels has announced the inauguration of a new Lemon Tree Hotel in Sri Ganganagar, Rajasthan. This latest addition expands the company's network in the state to 23 hotels. The new property will be managed by Carnation Hotels, a subsidiary of Lemon Tree Hotels, further solidifying its presence in key regional markets.
RailTel Corporation Receives IT Infrastructure LOI
Telecom infrastructure provider RailTel Corporation of India has been issued a Letter of Intent (LoI) from the Director IT for a domestic contract. This contract pertains to disaster recovery IT infrastructure, with an estimated order size of Rs 52.57 crore (including tax). This highlights RailTel's continued involvement in critical government and public sector IT projects.
HFCL Bags Significant BharatNet Phase-III Project
Telecom gear player HFCL has secured a major contract worth Rs 2,666.09 crore from Rail Vikas Nigam. This extensive project falls under the BharatNet Phase-III initiative in Uttar Pradesh. The scope of the contract encompasses the supply of telecom equipment and related accessories, the establishment of an optical fiber cable telecom network, and the provision of maintenance services for the project for a decade.
Stocks Trading Ex-Dividend Today
Shares of several companies are trading ex-dividend today, June 18. These include HDB Financial Services, Tata Technologies, JSW Infrastructure, Capital Small Finance Bank, eMudhra, GHCL, Monika Alcobev, Swastika Investmart, and Vimta Labs. Additionally, Oasis Securities shares will trade ex-date for its rights issue.