Trade July

• Spandana Sphoorty Financial has acquired the remaining stake in Criss Financial as part of its strategic growth. • The company announced it will re-evaluate and modify its proposed merger scheme before seeking fresh regulatory approval. • This move is a key focus for investors and brokerages heading into the July 16 trading session.

• Grasim Industries' subsidiary, Aditya Birla Renewables, has approved the 100% acquisition of Solenergi Power Pvt. Ltd. from Shell Overseas Investment B.V. • India Ratings affirmed a stable IND A+/Stable/IND A1+ rating for Transformers & Rectifiers (India) on existing bank facilities totaling Rs 1,050 crore. • The rating agency also assigned the same stable rating to an additional Rs 500 crore in bank facilities for Transformers & Rectifiers.

• Inventurus Knowledge Solutions has executed a subordination agreement regarding intercompany debt across its group, including TruBridge and its subsidiaries. • Under this agreement, intercompany debt will now rank junior to the financing facilities of up to $635 million raised by IKS Inc. • This financial restructuring was specifically implemented to support the acquisition of TruBridge.

• President Trump announced a July 4, 2026 deadline for the European Union to reach a comprehensive trade deal, according to remarks made during a Tuesday morning interview. • The ultimatum signals Trump's intent to accelerate trade negotiations and establish concrete timelines for resolving transatlantic trade disputes. • The deadline creates urgency for EU officials to engage in substantive negotiations, though some analysts question whether the timeframe is realistic given the complexity of trade agreements.

Trump sets Fourth of July deadline as he vents impatience at speed of EU’s implementationDonald Trump has said the EU must ratify its trade deal with the US by 4 July or face “much higher” tariffs, after European officials fell short of agreement on the pact.Trump said he spoke to the EU chief, Ursula von der Leyen, about the issue and, he posted on his Truth Social platform, “agreed to give her until our Country’s 250th Birthday or, unfortunately, their Tariffs would immediately jump to much higher levels”. Continue reading...