KALANA ISPAT – GETS FINAL APPROVAL FOR SOLAR PLANT
UGVCL grants final charging permission for Kalana Ispat’s 1.25 MW AC / 1.4 MW DC ground-mounted solar project via 11 KV line to Jasawada 66 KV substation. Power to be used for captive manufacturing. Inspection, wheeling pact, and regulatory formalities completed; commissioning to follow GEDA & SLDC norms.
TAC INFOSEC – SUBSIDIARY LISTED IN SOLANA ECOSYSTEM DIRECTORY
Cyberscope Web3 Security Inc, subsidiary of TAC Infosec, becomes the first smart-contract audit firm approved and listed in Solana’s Ecosystem Directory, strengthening presence in Web3 security.
HUL / KWALITY WALL’S INDIA – NEW BOARD AHEAD OF DEMERGER
Kwality Wall’s India appoints a seven-member Board ahead of its 1st December listing post HUL demerger. Ritesh Tiwari joins as Non-Executive Director; Chitrank Goel becomes Deputy MD & ED; Prashant Premrajka appointed CFO & ED. Four independent directors added.
LAKSHMI MITTAL – EXITS UK AMID NEW WEALTH TAX PLANS
Lakshmi N Mittal shifts tax residency to Switzerland and will spend more time in Dubai, exiting the UK as Labour govt pushes stricter wealth taxes. Mittal is worth £15.4 bn and ranks 8th on UK Rich List.
OWAIS METAL & MINERAL – COMPANY DENIES GOLD MINE RUMOURS
Company clarifies it has no link to the Bhukia Jagpura Gold Mine. The allotment is in promoter Saiyyed Owais Ali’s personal capacity. No financial or operational ties; matter sub judice with High Court stay.
TRUE COLORS – HIGH-GROWTH DIGITAL TEXTILE PLAYER
Integrated printers-to-inks-to-services model; recurring revenue via consumables; fast service network; 3× sublimation paper expansion. Growth drivers include export demand, policy tailwinds, and scalable in-house TURBO ERP. Digital textile printing market to grow 13% CAGR (2023–2033).
HUBTOWN – STRATEGIC MERGER TO UNLOCK VALUE
Merger of promoter-held 25 West, 25 South & 25 Downtown boosts development value from ₹85,000 cr → ₹1,30,000+ cr (+₹45,000 cr). Real estate holding rises to 35+ mn sq ft. Net debt increases ₹26.7 cr to ₹37.3 cr, offset by stronger asset base. Indicative merged value near ₹900/share.
BAJAJ ELECTRICALS – MAY SELL LOSS-MAKING NIRLEP UNIT
Company reviewing continued losses in Nirlep cookware division; exploring a full sale as part of shift toward high-growth consumer electronics. Board begins structured evaluation.
GIG WORKER COSTS – SOCIAL SECURITY CODE IMPACT
New Code on Social Security likely to raise gig-worker costs by ₹2–₹3/order (0.6% of AOV). Delivery and quick commerce platforms may face near-term margin pressure.
SBI CARDS – POST-FESTIVE SPENDING IN LINE
Spending growth in November tracking 3% YoY, similar to YTD trends. Festive-period industry spends rose 21% YoY (adjusted). Q3 growth expected at ~8% YoY vs 16% in H1 FY26.
6 GHZ BAND – US TECH GIANTS OPPOSE JIO & VI PLAN
Apple, Amazon, Meta, Cisco, HP & Intel oppose allocating 6 GHz for mobile, arguing full reservation for Wi-Fi is essential for IoT and enterprise networks. Jio & Vi seek part of the band for 5G/6G.
ACME SOLAR – WINS 130 MW RAILWAYS RTC PROJECT
Wins capacity at ₹4.35/unit under REMCL tender. PPA with Indian Railways; commissioning in 30 months. Project requires firm renewable supply with storage and hybrid systems.
RADICO KHAITAN – LAUNCHES RAMPUR 1943 VIRASAT SINGLE MALT
New premium single malt matured in Bourbon barrels, finished in Ruby Port Pipes; priced ₹3,500–₹4,500; initial launch in UP, Haryana, Delhi; national rollout planned.
INDIA–CANADA – TRADE TALKS RESUME AFTER 2 YEARS
PM Modi & PM Carney revive CEPA negotiations at G20 Johannesburg. Target: double trade to USD 50–70 bn by 2030.
RATTANINDIA ENT – REVOLT MOTORS SHINES IN COLOMBO
Strong footfall & test rides for RV400 and RV BlazeX at Colombo Motor Show 2025. Expanding Sri Lanka footprint via local dealerships.
ROBERT KIYOSAKI – WARNS OF ‘BIGGEST CRASH IN HISTORY’
Flags global downturn tied to AI job losses; expects real estate correction. Recommends gold, silver, Bitcoin, Ethereum; sees silver at $50–70 soon, possibly $200 by 2026.
ACC – EMKAY CUTS TARGET TO ₹1,600, DOWNGRADES TO SELL
Weak margins, higher traded-goods mix and slow capex weigh on outlook. Prefers Ambuja for scale and profitability.
BERNSTEIN – LABOUR CODE MAY HIT SWIGGY & ETERNAL MARGINS
EBITDA impact estimated at 25–70 bps; delivery cost structure most exposed. Long-term profitability view unchanged.
CG POWER – SUBSIDIARY GGT COMPLETES BRAKING ALGORITHM
Uniform Braking Algorithm validated across locomotive classes; expected to become future benchmark. GGT awaiting approvals for Loco Kavach systems.
LABOUR CODES – AGGREGATORS TO PAY 1–2% OF TURNOVER
Formal definition of gig/platform work; contributions capped at 5% of gig-worker payouts. Cost impact estimated at ₹1.5–₹2.5/order.
TATA STEEL – INTERIM RELIEF IN CHROMITE BLOCK CASE
Orissa HC restrains coercive action in pending ₹2,410 cr shortfall matter. Next hearing on 3rd December.
SHAILY ENGINEERING – UBS INITIATES BUY, TP ₹4,000
Highlights patented injector tech, GLP-1 opportunity, and strong EPS CAGR of 75% over FY25–28.
AUTO NBFCs – ASSET QUALITY TO IMPROVE
Though slippages rose 51–104% YoY in FY25, cycle expected to improve in 6–9 months. EPS estimates upgraded for Chola & Shriram.
HAL – ELARA INITIATES BUY, TP ₹5,680
Crash impact limited; fighter aircraft crashes globally are common. Rising defence order pipeline, stable domestic demand.
MSCI INDIA – REBALANCING TODAY 3 PM
Expected ~USD 200 mn inflow; four additions, two deletions; weights rising for Asian Paints, Apollo Hospitals & others.
INCRED ON AUTO – SECTOR REMAINS OVERWEIGHT
Strong rally post GST cuts. Prefers Maruti Suzuki & M&M for upside.
MOTILAL OSWAL – BULLISH ON IT SERVICES
Global tech spend shifting to AI-led services. Nifty IT underperformance ending; valuations attractive. Infosys key beneficiary.
SUGAR – GOVT MAY HIKE MSP TO ₹38/KG
Possible 23% MSP hike after seven years to support mill liquidity and cane payments; positive for mills amid global supply tightness.
KEI INDUSTRIES – SAYS FY26 GROWTH ON TRACK
Management confident of meeting guidance; export-domestic margin gap modest at 1–1.5%.
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