GIFT NIFTY futures suggest a 157 points higher opening for NIFTY50 and domestic stock markets are poised to begin on a strong note on Friday, July 3. Several equities are likely to be in the limelight after major events.
Paytm: Luxembourg License Opens Up Europe
Paytm Europe, a Paytm Cloud Technologies (a One 97 Communications company) subsidiary, has secured a payment institution license from Luxembourg’s CSSF authority and is recognized as an official payment institution as of July 2, 2026. The path is now clear for wider European operations with a licence to execute payment transactions, credit transfers (including standing orders), credit-line-backed transfers and to acquire payment transactions.
BPCL: 100% Ownership of Brazilian JV
Bharat Petroleum Corporation Ltd (BPCL) has bought Videocon’s remaining interest in their Brazilian joint venture, IBV Brasil Petroleo Limitada, for ₹2,312 crore. The transaction would give BPCL 100% control of the JV and will boost its international upstream portfolio and long-term energy supply plan.
J&K Bank: New corporate agency deal
The Jammu & Kashmir Bank has inked corporate agency arrangement with HDFC Life Insurance and SBI Life Insurance for sale and servicing of their products through its branch network with effect from July 2. This will broaden the bank’s non-interest revenue channel and insurance distribution reach.
Ramco Systems names new CEO
Sandesh Bilagi has been named chief executive officer of Ramco Systems, stepping up from his post as president and chief operating officer. He will manage the business’s worldwide growth goal and transition into an AI-native enterprise software company.
Coal India: Power sector should get robust supplies
Coal India said its coal supply to the power industry rose 5.9% year-on-year to 51.44 million tonnes (MT) in June 2026 from 48.57 MT a year earlier. Overall coal stocks rose by 7.5% in June to 65.8 MT. The electricity sector’s supply for Q1 FY27 were 154.75 MT, a growth of 1.8% over the previous year.
Adani Enterprises: ₹1.08 Lakh Crore Aluminium Project
Adani Enterprises and International Resources Holding (IRH) inked an MoU with the Odisha government for the development of an integrated greenfield aluminium project. The investment would be around Rs 1.08 lakh crore (USD 11.5 billion) in a 50:50 joint venture, which is likely to be the biggest FDI for Odisha and India’s biggest foreign investment in the metallurgical space.
PNB, Avenue Supermarts, PC Jeweller: Q1 FY27 Growth
PNB’s credit grew 13% in Q1 FY27. Loans grew to ₹12.75 lakh crore.
Avenue Supermarts (D-Mart) rose 15.13% to Rs 18,343.49 crore in standalone sales in Q1 FY27. It has 503 outlets as of June 30, 2026.
PC Jeweller has announced 21% growth in consolidated sales for Q1 FY27 and expects to be debt-free in the July-September quarter after bringing down debt by more than 90%.
Tata Steel: Dutch Talks On Transition
Tata Steel is in contact with the Dutch government on a transition plan for its IJmuiden mill as emission restrictions are being tightened beyond existing EU levels. The stock is likely to be in focus on the problem as regulatory and operational issues grow in the Netherlands.
