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Market Highlights

Get the latest Indian stock / share market highlights, BSE/NSE stock news, business research reports & details - updated daily by Money Times.

March 21, 2025

  • Beat The Street Bulletin
  • Date: 21-Mar-2025
  • Leadership Changes
  • - Ashoka Buildcon: Re-appointment of Satish Parakh as Managing Director for 3 years starting from April 1, 2025.
  • - Bajaj Finance: Rajeev Jain to be elevated as Vice Chairman, effective April 1, 2025. Anup Kumar Saha to be appointed as Managing Director from April 1, 2025.
  • - TVS Motors: Appointment of Peyman Kargar as Head - International Business and Senior Management Personnel, effective April 1, 2025.
  • - Tanfac Industries: Reappointment of K. Sendhil Naathan as Managing Director for six months (Feb 27 to Aug 26, 2025).
  • ---
  • Acquisition
  • - Sirca Paints: Acquisition of Wembley Group’s business for ₹81.5 crore, excluding manufacturing facilities.
  • - Unicommerce Solutions: Acquisition of Shipway Technology Pvt. Ltd. through a share swap deal.
  • - Hero MotoCorp: Acquisition of a 32.5% stake in Euler Motors for up to ₹525 crore.
  • - Reliance Industries: Acquired 100% stake in Nauyaan Tradings and 74% stake in Nauyaan Shipyard for ₹382.73 crore.
  • - Manappuram Finance: Acquisition of a 99.91% stake in Manappuram Asset Finance Ltd. from promoter V.P. Nandakumar.
  • - IndusInd Bank: Board appointed an independent firm to investigate discrepancies in its derivative portfolio.
  • ---
  • Collaboration
  • - HUL: Collaborates with Lucro Plastecycle to enhance plastic recycling and support sustainable packaging.
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  • New Projects
  • - Glenmark Pharmaceuticals: Receives final FDA approval for Olopatadine Hydrochloride Ophthalmic Solution.
  • - Ceinsys Tech: Started LiDAR aerial survey for Wainganga-Nal Ganga River-Linking project.
  • - V.L. Infraprojects: Secured ₹10.73 Cr order for urban infrastructure work under Ahmedabad Municipal Corporation’s P-6 Project.
  • - Railtel: Secured ₹16.89 Cr order from Ministry of Defence for OFC laying work.
  • - Texmaco Rail: Established a wholly-owned subsidiary in the UAE to expand business opportunities.
  • ---
  • Fundraising
  • - Manappuram Finance: Approves a ₹4,384 crore preferential issue to BC Asia Investments XXV and XIV Limited (BAIN CAPITAL).
  • - Indian Bank: Approved raising an additional ₹5,000 crore in Long-Term Infrastructure Bonds for infrastructure and affordable housing.
  • ---
  • Bought/Sold (Large Trades)
  • - AGS Transact Tech Ltd.: Bajaj Finance sold 25.27 lakh shares; Ishaan Tradefin bought 8.78 lakh shares.
  • - Gensol Engineering: Agnija Tie-Up Pvt. Ltd. sold 2.0 lakh shares; Multiplier Share & Stock Advisors bought 4.87 lakh shares.
  • - Walchandnagar Industries: Subhkam Ventures I Pvt Ltd. sold 3.0 lakh shares; Khazana Tradelinks Pvt Ltd. bought 3.0 lakh shares.
  • - Revathi Equipment India Ltd.: NagaRaja Naidu Vadlamudi sold 0.24 lakh shares; Suneel Vadlamudi bought 0.23 lakh shares.
  • - National Highways Infra Trust: SBI Mutual Fund sold 6.10 crore shares; Larsen & Toubro bought 2.24 crore shares; Vidyaniti LLP bought 3.74 crore shares.
  • - Panacea Biotec Ltd.: Magic-Square Hospitality Services LLP sold 8.0 lakh shares.
  • - Paramount Dye Tec Ltd.: Viney Equity Market LLP sold 0.52 lakh shares.
  • - Manappuram Finance: Bain Capital launches an open offer to buy an additional 26% stake.
  • ---
  • Order Win
  • - V.L. Infraprojects: Secured ₹10.73 Cr order for urban infrastructure work.
  • - Railtel: Won ₹16.89 Cr order for OFC laying work.
  • - National Highways Infra Trust: Large trades related to infrastructure development.
  • ---
  • Credit Ratings
  • - IndusInd Bank: Investigating discrepancies in its derivative portfolio (potential implications for credit rating).
  • ---
  • Miscellaneous
  • - Zomato: Name change from “Zomato Limited” to “Eternal Limited” approved by the Registrar of Companies (MCA).
  • - SIS: Board meeting on March 25 to consider share buyback.
  • - Shoppers Stop: Opening two new INTUNE stores in Hyderabad on March 21, 2025.
  • - Peninsula Land: Filed an FIR against KB Kothari Group for alleged cheating and misappropriation of funds.
  • - Puravankara: Ravi Puravankara purchases commercial units in Mumbai for ₹242 crore.
  • - Texmaco Rail: Established a wholly-owned subsidiary in the UAE.
  • - TBO Tek: Sources say Augusta TBO Singapore Pte Ltd. and TBO Korea Holdings offer to sell up to 3.1% stake via a block deal.
  • - Brightcom Group: Telangana High Court grants a two-week interim suspension on SEBI’s penalty recovery against promoter Suresh Kumar Reddy.
  • ---
  • USFDA Approval
  • - Glenmark Pharmaceuticals: Received final FDA approval for Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2%.
  • ---
  • TG: [https://t.me/BeatTheStreet10]
  • Stay updated with Beat The Street
  • ACCENTURE Management says Consulting to grow in mid-single digits
  • Managed services to see high single-digit growth
  • Operating margin expansion of 10-20 bps expected, aided by stable pricing despite competition
  • Client budgets remain tight; focus continues on cost optimization
  • Discretionary spending stable overall, with some improvement in BFSI and capital markets (US)
  • Macroeconomic uncertainty stays elevated, reflected in order bookings
  • Management confident in achieving FY25 guidance of 5-7% growth, with minimal impact on performance despite slower discretionary spends - ET NOW
  • GMR AIRPORT; Delhi International Airport Limited (DIAL) will shift all T2 flights to T1 as T2 undergoes a 4-6 month refurbishment next fiscal year.
  • SEBI Probing Misuse of Rights Issue Funds by Several Entities ;
  • SEBI investigating entities for misappropriating rights issue proceeds
  • Regulator investigating 4-5 entities, also examining the issue broadly
  • Such practices have increased over the past year
  • More common in small, dormant companies - NDTV PROFIT
  • POLYCAB, KEI IND , HAVELLS, RR KABEL; Adani Group eyes $500-700 mn ( Rs 4313 Cr - 6038 Cr) cables & wires segment foray - BL
  • Note ; Aditya Birla Group foray into the cable and wires (C&W) business through Ultratech, with an investment of Rs 1,800 crore
  • CLSA Observe that the Nifty, NSE Mid-cap and NSE Small-cap indices had started to show signs of stability and an attempt to base out
  • This week we have seen a continuation of the improving price action
  • Nifty closing above its 50DMA for the first time since December
  • Thursday's close above its 50DMA, unlike December's, has been reinforced with a new breadth thrust signal
  • A breadth thrust signal fires when the percentage of Nifty stocks trading at their four-week highs reaches 55% or greater
  • 5 stocks excluded from F&O segment effective June series
  • Apollo Tyres
  • Deepak Nitrite
  • Escorts Kubota
  • MRF
  • Ramco Cem.
  • AXICADES TECH ; AXISCADES’ subsidiary Mistral Unveils DCP1000 Module based on Lattice CertusPro-NX FPGA
  • A Cutting-Edge Radar Data Capture and Playback Module for mmWave Radar Applications
  • AXISCADES' subsidiary Mistral has launched the DCP1000, a radar data capture and playback module based on Lattice CertusPro-NX FPGA.
  • Designed for real-time mmWave radar applications, it enables high-speed data streaming, processing, and hardware-in-loop playback.
  • Priced at $649, the module is available for early samples.
  • POWER STOCKS; India’s peak power demand to rise 34% by 2031-32 Says CEA
  • NIFTY TO OPEN 22 PTS GAP DOWN OPENING
  • SEBI Probing Misuse of Rights Issue Funds by Several Entities ;
  • SEBI investigating entities for misappropriating rights issue proceeds
  • Regulator investigating 4-5 entities, also examining the issue broadly
  • Such practices have increased over the past year
  • More common in small, dormant companies - NDTV PROFIT
  • BEL ; DAC clears capital acquisition proposals worth over Rs 54,000 crore to enhance defence capabilities
  • Procurement of 1350 HP engines for T-90 tanks, Varunastra Torpedoes & Airborne Early Warning & Control Aircraft systems gets the nod
  • BEL ; BEL Got Rs 17000 Cr Worth Order Till 12 March V 25000 Cr Guidance
  • DAC Yesterday Approved Rs 54000 Cr Worth Defence Products
  • COFORGE; Coforge and HFS Research have released a report on scaling GenAI, highlighting why many enterprises remain stuck in pilots.
  • The study identifies key barriers and outlines a four-stage approach for successful AI adoption, emphasizing alignment with business goals, targeted prototyping, enterprise-wide deployment, and continuous optimization.
  • NUVAMA Says ICICI Bank - FTSE & MSCI weight increase will happen today | Cumulative inflows of ~USD 450M | Positive price momentum to continue
  • MUTHOOT FINANCE: PE FIRM BAIN CAPITAL ENTERS IN MANAPPURAM FINANCE, MORE COMPETITION ??
  • BSE , ANGEL ONE , AMC ; Sources Says New SEBI Chairman mulling options for market ease, meet stakeholders - ETNOW
  • SEBI Chairman likely to have met exchanges, industry representatives for suggestions
  • Regulator looking to raise intraday gross limits in index options
  • Move expected to boost market depth and liquidity
  • SEBI may retain current EOD margin limit despite suggestion to ease
  • BAJAJ FINANCE SURGES 3.5 % TO RECORD HIGHS
  • NEWS ; RAJEEV JAIN APPOINTED AS VICE CHAIRMAN ( KEY PERSON )
  • JINDAL STAINLESS; Mr. Anurag Mantri, Executive Director & Group CFO, has resigned to pursue new opportunities.
  • He will step down on April 4, 2025.
  • UBS SEC Says Market Bottom Has Been Hit
  • BFSI Valuations Look Reasonable
  • YES BANK ; Yes Bank has received ₹429 crore from a trust in the Security Receipts Portfolio related to its NPA sale to JC Flower ARC.
  • TRANSRAIL LIGHTING Says Received Orders Worth Over ₹4,000 Cr In This Quarter
  • Expect 28-30% Revenue Growth In FY25
  • See Great Opportunities In Domestic Infra Space
  • TRANSRAIL Says Overall Orderbook Will Be Around ₹15,000 Cr
  • 95% New Orders Are For T&D Business
  • DHANI ; Dhani Services' subsidiary has received RERA registration for its "Indiabulls Green Avenue" project in Sonipat, Haryana, aiding asset monetization.
  • ENDURANCE TECH Says Do Not See The Current Trend Of Lower Volumes To Stay For Long
  • 2-wheeler Volumes Over Last Few Months Have Come Down
  • Expect A Strong Set Of Numbers Even In FY26 - CNBCTV18
  • Bikaji Foods Management Says Expects double digit volume growth For FY26 , Around 11-12 % V 13-15 % Volume Growth Guidance In Fy25
  • KAUSHALYA LOGISTICS: Kaushalya Logistics has expanded its network to 101 depots across multiple states, enhancing efficiency and partnerships with major cement companies like ACC, Ambuja, Dalmia, and JK Cement.
  • In FY25, the company added 29 new depots and rake points, strengthening its presence in Bihar, Maharashtra, Haryana, Punjab, Uttar Pradesh, and West Bengal.
  • TATA TECH Management Says There's been a fair amount of headwinds in the automotive industry in the last 12-18 months -ETNOW
  • Investments in ICE will have to be in proportion with investments in EVs
  • Have started to see green shoots
  • Investment decisions have been delayed due to uncertainty in regulations
  • Investment in new products is long overdue
  • There is a transition from legacy ICE to EVs
  • ENDURANCE TECH Management Says 2-wheeler Volumes Over Last Few Months Have Come Down - CNBCTV18
  • Do Not See The Current Trend Of Lower Volumes To Stay For Long
  • Expect KTM To Bounce Back Over Next 2-3 Quarters
  • Expect A Strong Set Of Numbers Even In FY26
  • Target Is To Generate Healthy Growth From Our Investments
  • NISUS FINANCE ; Nisus Finance has successfully exited its investment in Suvita Real Estate, a subsidiary of Shapoorji Pallonji Real Estate.
  • The firm had invested ₹105 crore in secured NCDs for a 12.16-acre land parcel in Pune, supporting affordable housing.
  • The early exit, generating an 18.74% IRR, highlights Nisus Finance’s expertise in structured real estate investments.
  • NISUS FINANCE; SPRE redeemed the NCDs using internal funds, reinforcing its financial strength. Both firms praised the partnership, emphasizing its role in accelerating business growth.
  • HIND COPPER ; Copper US futures hit all time high above $11,000/t
  • CORRECTION: KRYSTAL INTEGRATED; WINS RS 10.38 Cr ORDER
  • Krystal Integrated Services Limited has secured a contract from Maha Mumbai Metro Operation Corporation Limited to provide Customer Support Associates and Supervisors at Mumbai Monorail stations.
  • The two-year contract, valued at ₹10.38 crore including GST, involves manpower services and does not fall under related party transactions.
  • If you have STCG (Short-Term Capital Gains) or LTCG (Long-Term Capital Gains), now is a good time to consider *tax-loss harvesting.*
  • t.me/beatthestreet10
  • Otherwise, you may end up paying taxes on gains you could have set off.
  • *Here’s how it works:*
  • Let’s say you made ₹10,000 as STCG this year. If you currently have ₹12,000 of STCL (Short-Term Capital Loss) in your portfolio, you can book that loss to offset your gains and potentially bring down your tax liability to zero.
  • The same principle applies to LTCG and LTCL as well.
  • It’s a simple yet effective way to optimize your tax outgo, *use your losses smartly* .
  • BHEL ; Bharat Heavy Electricals Limited (BHEL) has received a Letter of Intent from Gujarat State Electricity Corporation Limited for the EPC package of the 1x800 MW Ukai Extension Unit-7 in Gujarat.
  • The contract, valued at approximately ₹7,500 crore (excluding taxes), involves equipment supply, erection, commissioning, and civil works, with commercial operation expected within 54 months.
  • AUROBINDO PHARMA; Aurobindo Pharma’s subsidiary, Curateq Biologics, has allotted 4,125,055 Compulsory Convertible Preference Shares to Dr. Satakarni Makkapati, who will hold 2% equity upon conversion.
  • Aurobindo Pharma’s subsidiary, Curateq Biologics, has allotted 4,125,055 Compulsory Convertible Preference Shares to Dr. Satakarni Makkapati, who will hold 2% equity upon conversion. This reduces Aurobindo’s stake to 98%, making Curateq a subsidiary instead of a wholly owned one. The transaction involves ₹22.73 million as initial share application money, with the same amount due in future calls.
  • This reduces Aurobindo’s stake to 98%, making Curateq a subsidiary instead of a wholly owned one.
  • The transaction involves ₹22.73 million as initial share application money, with the same amount due in future calls.
  • L&T ; WINS RS 2500-5000 CR RANGE ORDER
  • Larsen & Toubro’s Buildings & Factories division has secured a large order from Brigade Group to construct residential and commercial towers in Hyderabad and Chennai.
  • The projects include luxury and high-rise developments, with some of the tallest buildings in these cities.
  • The projects will be executed on a design-and-build basis within stringent timelines.
  • SUBEX : Subex Limited has approved the voluntary liquidation of its wholly owned subsidiary, Subex Account Aggregator Services Private Limited, following the surrender of its RBI approval.
  • The subsidiary is not a material entity, and its liquidation will not impact the company’s consolidated financials.
  • MAZAGON DOCK: MDL has signed an MOU with the State Disaster Management Authority, Goa for an “Al-based Wireless Disaster Detection, Rescue & Communication System” on 20 March 2025.
  • The aim is to enhance Disaster Management and Public Safety in Goa.3
  • HINDALCO : AB GROUP CHAIRMAN Says Novelis has capacity of 4.2 mn tn annually
  • Enabling lighter more efficient EVs; setting up India's first copper foil factory for EVs
  • Developing hard alloy products for defence, aerospace
  • Hindalco to invest Rs 45,000 cr in India metal business
  • Birla Copper setting up India's first e-waste recycling plant
  • Alumina business scaled from 3,000 tonnes to 3.7 million tonnes - ET NOW
  • HARIOM PIPES ; Hariom Pipe Industries Limited has incorporated a wholly owned subsidiary, Hariom Power and Energy Private Limited, on March 19, 2025.
  • The new entity, focused on renewable energy projects
  • UNITECH ; Delhi HC grants bail to realty firm Unitech's founder Ramesh Chandra in alleged money laundering case - ET
  • VA TECH Management says Co Will Have A Minority Stake In The Platform, At Max 26%
  • Will Have Better Access To Cheaper Capital - CNBCTV 18
  • PVR INOX : PROMOTER BOUGHT ADDITIONAL 0.05 % STAKE ON 18,19 MARCH VIA OWEN MARKET
  • PVR INOX ; PROMOTER SOLD 0.05 % STAKE ON 18, 19 MARCH VIA OPEN MARKET
  • FERTILIZER ; India is set to award its first potash blocks soon under a new policy for critical minerals, marking the country's first domestic mining of this key fertiliser ingredient. - ET
  • BAZAAR STYLE: Company has opened a new store of Style Baazar at Phulwari Sarif, Patna, Bihar, today.
  • With this addition, the total number of stores as on date stands at 214.a
  • HINDALCO Management says Large Part Of Our EBITDA, About 60% Comes From Non-Commodity Prices-Linked Revenue
  • Aluminium Prices Have Been Quite High In The Last Couple Of Months
  • New Branding Positions Us As A Value-added Engineering Co - CNBCTV 18
  • MAMATA MACHINERY: Mamata has received a US patent (No. 12,246,875 B2, dated March 11, 2025) for its "Cross Sealing Device," used in its VFFS machines.
  • The technology was previously patented in India (No. 553343, granted October 28, 2024).
  • This allows Mamata to offer its sealing innovation in the US market.
  • SEBI Says More FPI debt flows than equity likely aided portfolio mix
  • FPIs remain well invested in India - Informist
  • SEBI Says Overall FPI Debt, Equity Inflows $54 Bn Over Last 5 Financial Years
  • Working with all stakeholders to enhance investment experience
  • ADANI ENERGY; AESL wins ~Rs 2,800 Cr transmission project in Gujarat for Green Hydrogen/Ammonia manufacturing
  • ADANI ENERGY: Adani Energy Solutions Ltd (AESL) has signed a Share Purchase Agreement with PFC Consulting Limited to acquire 100% equity shares of Mundra I Transmission Limited.
  • The ₹2,800 crore project in Gujarat will enhance green hydrogen and ammonia manufacturing by upgrading substations and adding transmission lines.
  • This marks AESL’s sixth order win this fiscal year, increasing its order book to ₹57,561 crore.
  • ADANI ENERGY: AESL's ₹2,800 crore project in Mundra, Gujarat, will be completed in 36 months, upgrading substations and adding 150 cKM of transmission lines.
  • The project, secured through TBCB, was transferred to AESL on March 20, 2025.
  • AESL’s orderbook now stands at ~Rs 57,561 Cr
  • Mirae Asset Small Cap Fund - CarTrade Tech, Sagility India, Neuland Lab, Suven Pharma, JB Chemicals (New Additions); They have increased allocation across some of the names but no reductions
  • Mahindra Manulife Small Cap Fund - Bajaj Finance, APL Apollo Tubes, CESC, Arvind, PNB Housing Fin, DOMS, TEGA, PCBL and P N Gadgil Jewellers (Increase); Century Textiles and Bharat Bijlee (Decrease)
  • Quantum Small Cap Fund - HDFC Bank, Aavas Financiers, Lumax, IndusInd Bank, City Union Bank, Genus Power Infra, Nuvoco Vistas, Star Health, Mold-Tek Packaging, Equitas SF Bank, Mastek, SH Kelkar (Increase); Sitting on 16% CASH and didn't reduce any
  • Bandhan Small Cap Fund - Sobha, LT Foods, South Indian Bank, Arvind, The Karnataka Bank, Apar, Yatharth Hospital, TVS Holdings, REC, Rashi Peripherals, Inox Wind Energy, Nitin Spinners, PFC, Prestige Estates, Cyient and Shilpa Medicare (Increase); Cholamandalam Financial, PCBL, Shaily Eng Plastics (Decrease)
  • Baroda BNP Paribas Small Cap Fund - KSB, Crompton Greaves, eClerx Services and Sanofi India (Increase); Gulf Oil Lub and Sagility India (Decrease)
  • PGIM India Small Cap Fund - Hexaware Technologies (New Additions); JB Chemicals, Solar, Affle (India), Mrs. Bectors Food, Eureka Forbes (Increase); DOMS and Triveni Turbine (Decrease)
  • Aditya Birla Sun Life Small Cap Fund - MCX, JK Cement, Axis Bank, Arvind, Century Textiles, KEC International, Crompton Greaves and Minda (Increase); Navin Fluorine, Tega and TeamLease Services (Decrease)
  • TRUSTMF Small Cap Fund - Blue Jet Health and Vishal Mega Mart (New Additions) and they have increased allocation in other 23 names!
  • Bank of India Small Cap Fund - Lloyds Metals. PG Electroplast, Radico Khaitan, HUDA and Suven Pharma (Increase); AMI Organics and Zaggle Prepaid (Decrease)
  • ITI Small Cap Fund - MCX, Dixon Technologies, Kirloskar Pneumatic, Wockhardt, Mazagon Dock, Zomato, Gulf Oil Lub, Cholamandalam Inv, Transrail Lighting, VA Tech Wabag (Increase); PG Electroplast, BSE and Century Textiles (Decrease)
  • Canara Robeco Small Cap Fund - MCX, KEI, BEL, Century Textiles, JB Chemicals, Blue Star, Ajanta Pharma, Equitas SF Bank, Ge T&D India, Radico Khaitan, Bikaji Foods Intl (Increase); No reductions (Decrease)
  • JM Small Cap Fund - Godfrey Phillips, Jana SF Bank, Garware Hi-Tech, Navin Fluorine, Bayer Cropscience, Blue Star, Amber Enterprises, Camlin Fine Sci, RateGain Travel, NewGen Software, Power Mech Project, Equitas SF Bank, Allied Blenders And Distillers, Strides Pharma and Thangamayil Jew (Increase); No reductions!
  • DSP Small Cap Fund - Cyient, TCPL Packaging, Dhanuka Agritech, Archean Chemical and Aarti Drugs (Increase); No reductions!
  • Kotak Small Cap Fund - Century Plyboards, Aster Dm Health, Krishna Institute, Brigade Enterprises, Techno Electric & Engineering, Garware Technical, Ajanta Pharma, Kalpataru Project, V-Guard, Medplus Health (Increase); No reductions and cash is < 2%
  • Stocks To Watch
  • Exclusion of F&O contracts: Apollo Tyres, Deepak Nitrite, Escorts Kubota, MRF & Ramco Cements.
  • Manappuram Finance announced a preferential allotment of equity shares and warrants worth ₹4,385 crore to Bain Capital, marking a significant investment by the global private equity firm. The board approved the issuance of 9.29 crore equity shares at ₹236 per share to BC Asia Investments XXV Limited and an equal number of warrants to BC Asia Investments XIV Limited, both entities controlled by Bain Capital.
  • Hindalco will be investing Rs 45,000 crore across its aluminium, copper and speciality alumina businesses in the future. The company wants to be a force for good.
  • Bajaj Finance announced key leadership changes, with Rajeev Jain appointed as vice chairman in the capacity of an executive director for a three-year term starting April 1, 2025. Anup Kumar Saha, currently the deputy MD, has been re-designated as MD for the remainder of his tenure until March 31, 2028.
  • TVS Motor Company board has approved an interim dividend of ₹10 per share (1000%), amounting to a total payout of ₹475 crore for the CFY.
  • Zomato : Ministry of Corporate Affairs (MCA) has approved the name change of the company to Eternal Limited, effective March 20, 2025.
  • Lloyds Metals and Energy has received the environmental clearance from the Ministry of Environment, Forest, and Climate Change for its upcoming 1.2 MTPA wire rod project and 4 MTPA pellet plant project at Ghugus, Chandrapur, Maharashtra.
  • TCS has partnered with The Cumberland Building Society in the UK to modernise its core banking ecosystem using its proprietary TCS BaNCS for core banking solutions.
  • CG Power and Industrial Solutions announced the launch of a new range of air coolers featuring JetChill technology. This advanced cooling technology enhances airflow efficiency and ensures faster cooling, strengthening CG Power’s position in the consumer durables sector. Designed for superior cooling, these air coolers offer high air delivery for maximum throw, making them ideal for large spaces.
  • Piramal Pharma : Piramal Critical Care (PCC) and Ireland-based BrePco Biopharma Ltd (BPCO) have received UK Medicines and Healthcare Products Regulatory Agency (MHRA) approval for Naeoatricon, the first paediatric-strength dopamine hydrochloride infusion for treating hypotension in neonates, infants, and children.
  • CONCOR has placed a ₹192 crore order with GATX India Private Ltd for the supply of 10 rakes of BLSS wagons (spine cars) on an operating lease for 10 years.
  • Glenmark Pharmaceuticals arms Pharmaceuticals Inc., USA, has received final approval from the USFDA for its Olopatadine Hydrochloride Ophthalmic Solution USP, 0.2% (OTC). The product has been determined to be bioequivalent to Pataday Once Daily Relief Ophthalmic Solution, 0.2% (OTC), developed by Alcon Laboratories, Inc.
  • Hero MotoCorp announced a strategic investment of up to ₹525 crore in Euler Motors Private Limited, marking its entry into the electric 3W segment. The investment will be made in one or more tranches and aligns with the company’s push toward sustainable mobility solutions.
  • HUL board has approved an investment to acquire a 14.3% stake in Lucro Plastecycle Private Limited, a key player in recycled flexible plastics. Lucro Plastecycle is an integrated waste management, recycling and product manufacturing company focused on advancing a circular plastics economy. HUL's investment is a step forward towards its sustainability goals to scale up the use of recycled flexible content in packaging.
  • JSW Energy has successfully raised ₹800 crore through the private placement of 80,000 unsecured, rated, listed, taxable, redeemable NCDs, each with a face value of ₹1,00,000. The issuance is part of the company's broader plan to raise up to ₹3,000 crore.
  • TBO Tek : A ₹400 crore block deal in a travel distribution firm has been launched, with Augusta TBO Singapore Pte Ltd and TBO Korea Holdings Ltd offering to sell up to 3.1% stake in the company. The offer floor price has been set at ₹1,180 per share, representing a 7% discount to the current market price CMP.
  • IndusInd Bank board has engaged an independent professional firm to thoroughly investigate discrepancies in its derivative portfolio
  • Indian Bank board approved a proposal to raise an additional long-term infrastructure bond up to Rs 5,000 crore in one or more tranches during the CFY or next FY.
  • RailTel Corp has received Rs 16.89 crore order from Defence Ministry.
  • The New India Assurance Co has received a Rs 125 crore penalty from the Income Tax Department.
  • Goa Carbon has received Rs 73.70 crore Income Tax demand notice.
  • Unichem Laboratories has completed the capacity expansion of its API plant in Pithampur.
  • Torrent Power's arm Torrent Green Energy incorporates Torrent Urja 43.
  • Happiest Minds Technologies approved the re-designation of Ashok Soota as executive chairman to chairman and chief mentor. Approves re-designation of Joseph Vinod Anantharaju as executive vice chairman to co-chairman and chief executive officer.
  • Power Finance Corp's unit PFC Consulting transferred to Adani Energy for Rs 18.65 crore.
  • Signature Global (India)'s arm executed a sale deed to purchase land measuring approximately 8.39 acres in Gurugram.
  • CIE Automotive: Terminates pact with Ijya Renewables to subscribe the shares.
  • Asian Paints has completed the divestment of its Indonesian operations to Singapore-based subsidiary of Omega Property Investments Pty Ltd, Australia, for a consideration of SGD 6.8 million.
  • CDSL’s arm in agreement with LIC to provide Insurance Repository services.
  • Ashoka Buildcon: Approved the re-appointment of Satish Parakh as a managing director for three years.
  • Tata Steel signed a MoU with BPCL for supply of PNG to ferro alloys plant. It replaces furnace oil with PNG at a ferro alloys plant in Odisha.
  • Allcargo Logistics reported a YoY decline in less-than-container load volume, which stood at 604,000 cubic meters, down from 679,000 cubic meters YoY
  • JM Financial entered a pact with INH Mauritius for acquisition of remaining 5.97% stake in JM Financial Credit Solutions held by INH post-acquisition, shareholding of company in JM Financial Credit Solutions to be 95.64%.
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