News play a very important role in the movement of stocks and indices which in turn, decides the movement of the overall capital market and influences economic growth
- Kirloskar Industries Limited: Mr. Anandh Baheti, the Chief Financial Officer, has tendered his resignation. This could impact the company’s financial strategies and governance.
- Apollo Micro Systems Limited: Has been approved as the production agency for the Multi-Influence Ground Mine (MIGM) – Vighana project by the Defence Research and Development Organisation (DRDO). This is in the electronics and components sector.
- Shubhshree Biofuels Energy Limited: Has received a job order from Karnataka Power Corporation Limited for the procurement of Non-Torrefied Biomass Pellets. This is a miscellaneous item.
- Reliance Industries Limited: Is forming a joint venture to develop Llama-based agentic enterprise AI platforms and tools. This is in the refineries sector.
- Reliance Industries Limited: Has expanded its strategic partnership with Google Cloud to help shape India’s next leap in AI. This is also in the refineries sector.
- Kernex Microsystems (India) Limited: Has secured a work order from DFCCIL, New Delhi for the Survey, Design, Supply, Installation, Testing, and Commissioning of KAVACH. This is in the electronics and components sector.
- ABB India Limited: Has accepted an order for the supply of 3.X wind turbine converters and electrical cabinets from Siemens Gamesa Renewable Power Private Limited, Chennai. This is in the electric equipment sector.
- Authum Investment & Infrastructure Limited: Is planning to sell up to 20% of its stake in Billion Dream Sports Private Limited to HRX Group. This is in the finance and investment sector.
- Russia and India: Russia is expected to increase crude oil exports to India due to lower domestic refining rates caused by Ukrainian attacks and refinery maintenance.
- Jindal Worldwide Limited: Has approved a corporate guarantee of Rs 70 crores to Aegios Polyfilms Private Limited for additional working capital facilities. This is in the textile sector.
- CG Power and Industrial Solutions Limited: Its subsidiary, CG Semi Private Limited, has launched its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. This is in the electric equipment sector.
- AGI Infra Limited: Has announced the acquisition of a 60% stake in WorldNext Realty LLP by investing Rs 30.00 crores. This is in the construction and real estate sector.
- Aayush Wellness Limited: Has incorporated two wholly owned subsidiaries: “AAYUSH LABS PRIVATE LIMITED” and “AAYUSH VENTURES PRIVATE LIMITED.” This is in the pharmaceuticals and drugs sector.
- Muthoot Finance Limited: Plans to infuse additional equity in Muthoot Money Limited, its subsidiary, to strengthen the capital base and improve the capital adequacy ratio. This is in the finance and NBFC sector.
- SEBI: Has approved the IPO issue of Broker Groww. This is a finance-related development.
- Lemon Tree Hotels Limited: Has signed a license agreement for the Lemon Tree Hotel in Mohkampur, Dehradun, which will be managed by Carnation Hotels Private Limited, a wholly-owned subsidiary. This is in the hotel and resort sector.
- Majestic Auto Limited: Has received another tranche of consideration towards the sale of its entire 80% shareholding in Emirates Technologies Private Limited. This is in the business support sector.
- Elcid Investments Limited: Has entered into an agreement to subscribe to Compulsory Convertible Preference Shares and Equity Shares of ‘Nexon Omniverse Limited’. This is in the finance and investment sector.
- NTPC Limited: The Board of Directors has approved the Revised Cost Estimate-I (RCE-I) for the Rammam-III HEPP (3×40MW) project at a cost of Rs2865.56 Crore. This is in the power generation/distribution sector.
- Adani Power Limited: Has secured a contract for a 2400 MW Thermal Power Project from Bihar State Power Generation Company Limited. This is also in the power generation/distribution sector.
- Samvardhana Motherson International Limited: The Board of Directors has approved the acquisition of 81% stakes with voting rights in Yutaka Giken Co., Ltd. and 11% stake in Shinnichi Kogyo Co., Ltd. This is in the auto ancillary sector.