Australian dairy producer Bega Cheese $BGA.AX announced plans to seek informal regulatory approval to acquire the Oceania operations of New Zealand’s dairy giant Fonterra $FSF.NZ. This move comes as Fonterra pursues a broader strategic divestment of its global consumer and integrated businesses, including the Oceania region and Sri Lanka. The potential transaction highlights ongoing consolidation trends in the dairy industry in the Oceania market and reflects the shifting landscape for large dairy producers amid global restructuring efforts.

Shares of Indraprastha Gas Ltd. $IGL.NS advanced by 3% on June 16, following reports that the Delhi government is likely to ease the timeline for phasing out conventional fuel vehicles under its electric mobility strategy. The potential policy revision, first reported by the Hindustan Times, has improved sentiment around IGL’s medium-term gas distribution outlook, particularly in the public transport and last-mile delivery segments. The reaction in IGL’s stock reflects a reassessment of downside risks previously priced in due to aggressive electrification mandates that threatened compressed natural gas (CNG) demand in key urban corridors.

Shares of Tata Motors Ltd. $TATAMOTORS.NS declined by over 5% during early trading on Monday, following a downward revision of earnings expectations for its British luxury subsidiary Jaguar Land Rover (JLR). The company now projects an EBIT margin between 5% and 7% for FY26, significantly below the previously communicated target of 10%, citing the potential impact of proposed U.S. import tariffs on foreign vehicles. The revised margin forecast also reflects a reduction from the 8.5% EBIT margin achieved in FY25, indicating margin compression amid an increasingly protectionist trade environment and cost pressure across the automotive value chain.