The Indian government plans to sell up to 6% of Hindustan Copper, a move that could boost the miner’s market activity, as Tata Consultancy Services deepens its collaboration with Porsche through AI initiatives and key infrastructure projects advance across various sectors.
The Indian government’s plan to sell as much as 6% of Hindustan Copper through an offer for sale is set to be one of the main market triggers for the state-owned miner, with the floor price fixed at ₹514 a share. According to the Department of Investment and Public Asset Management, the offer covers a 3% stake with an additional 3% green-shoe option if demand is strong, and is expected to raise about ₹3,000 crore. The structure also reserves 10% of the issue for retail investors and 25,000 shares for eligible employees.
Elsewhere, Tata Consultancy Services has deepened its ties with Porsche through a five-year strategic agreement aimed at expanding artificial intelligence across the German carmaker’s business. Porsche said the collaboration will support manufacturing, engineering, operations and customer experience, while TCS will set up a dedicated AI Mobility Centre of Excellence. The two companies also said TCS will acquire Porsche’s Germany-based management and IT consultancy, MHP, subject to regulatory approval.
Corporate fundraising and capital actions also featured prominently. Ecofinity Atomix approved a preferential issue of up to 23.9 lakh equity warrants to raise ₹2.39 crore, while IDFC First Bank priced a $350 million five-year senior notes issue after completing a larger $600 million international bond sale earlier in the week. Axis Bank, meanwhile, said it will redeem $600 million of additional tier 1 notes on the first call date in September 2026.
Among infrastructure and industrial names, Ceigall India won a ₹704.70 crore road project in Arunachal Pradesh, Afcons Infrastructure secured a favourable arbitration award of ₹335.50 crore, and Fujiyama Power Systems approved a 1 GWh expansion in lithium battery capacity at its Ratlam plant. Coromandel International’s drone arm, Dhaksha Unmanned Systems, opened a new manufacturing unit in Tamil Nadu, while Aegis Logistics executed a ₹525 crore business transfer agreement to move a specialised ammonia storage terminal at Pipavav Port to a step-down subsidiary.
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