PRE-MARKET INDIAN STOCKS NEWS: Bombay High Court struck down the Centre’s one-time spectrum charge imposed on Bharti Airtel (BHARTI IS) and Vodafone Idea (IDEA IS)

Grasim Industries (GRASIM IS) - Co. announced an INR 30.94bln investment for the Phase II expansion of its Lyocell capacity by 110 KTPA at Harihar, Karnataka. (Moneycontrol)

HCL Technologies (HCLT IS) - Co. launched an AI Innovation Zone in collaboration with Google Cloud in Santa Clara, California, to help enterprises scale AI applications across agentic, kinetic and physical AI. (Moneycontrol)

IRB Infrastructure Developers (IRB IS) - Co. May toll revenue rose 25% Y/Y to INR 8.43bln. (Moneycontrol)

JSW Energy (JSW IS) - Co. commissioned its wind blade manufacturing plant at Halol, Gujarat, as part of efforts to vertically integrate its wind energy value chain. (Moneycontrol)

NLC India (NLC IS) - Government of India will sell up to a 3% stake in the Co. through an offer for sale at a floor price of INR 303/shr. (ET)

Rail Vikas Nigam (RVNL IS) - Co. received a Letter of Acceptance for an EPC order worth INR 2.21bln from South East Central Railway. (Moneycontrol)

Telecoms - Bombay High Court struck down the Centre’s one-time spectrum charge imposed on Bharti Airtel (BHARTI IS) and Vodafone Idea (IDEA IS), ruling the government lacked authority to retrospectively alter licence financial terms. (Moneycontrol)