Key Highlights: Stocks in News, Economic & Global Updates 22nd May 2026 by GEPL Capital Ltd
Stocks in News
• ADANI PORTS: The company completed the acquisition of Jaypee Fertilisers and announced that its arm has incorporated a new wholly-owned subsidiary, Astro Ship Management Angola.
• MARUTI SUZUKI: The automaker announced it will hike the prices of its models by up to Rs 30,000 across its portfolio effective June, passing on a portion of sustained input cost increases to the market.
• VARUN BEVERAGES: The bottler has inked a revised Exclusive Bottling Appointment (EBA) pact with PepsiCo India, extending the agreement by 10 years until April 2049. The revised pact removes restrictions, meaning Varun Beverages is no longer bound to act solely as an SPV for PepsiCo.
• ROSSARI BIOTECH: The specialty chemicals manufacturer has completed the sale of its arm Unitop Chemicals' office property for Rs 10.5 crore.
• ADANI POWER: The company successfully completed the acquisition of a 24% stake in Jaiprakash Power Ventures, effectively taking over its 180 MW thermal power plant.
• MPHASIS: The IT firm has partnered with the Indian School of Business to establish a dedicated AI hub. The Mphasis F1 Foundation will invest Rs 20 crore over the next four years in Phase-1 of the project.
• RAILTEL CORPORATION: The company confirmed the termination of an Rs 26.7 crore order, citing that it could not execute the work due to a steep price increase in OFC and HDPE pipes caused by the ongoing war crisis.
• LAURUS LAB: The pharmaceutical firm has been officially included in the prestigious Dow Jones Best-in-Class Indices.
Technical Snapshot
SEBI Registration number is INH000000081.
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