Morning Glance 5th June 2026 - ARETE Securities Ltd
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The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start for the broader index after NIFTY closed 11 points higher at 23,416 on Thursday.
Aurobindo Pharma
The company received US FDA approval for Tofacitinib Tablets (5 mg & 10 mg), used to treat rheumatoid arthritis, psoriatic arthritis and ulcerative colitis, targeting a ~US$494 million US market.
AvenuesAI
The company’s step-down subsidiary Avenues World FZ LLC received in-principle approval from the Central Bank of the UAE for a Retail Payment Services Category III license, enabling expansion in the UAE digital payments market.
Ceigall India
The company signed definitive agreement to divest its stake in step-down subsidiary Ceigall Malout Abohar Sadhuwali Highways to Neo Infra Income Opportunity Fund for ~Rs 177 crore.
CG Power & Industrial Solutions
The company commissioned a new EHV switchgear manufacturing facility in Nashik, expanding EHV circuit breaker capacity by 80% for the 33 kV–245 kV range.
Hindalco Industries
The company launched Eternia’s flagship aluminium window systems experience centre in New Delhi, expanded manufacturing with Bilaspur facility and targets Rs 1,000 crore revenue by FY29.
IL&FS Engineering and Construction Company
The company was retained for the Jaipur Metro Phase-II MRTS project, with a Rs 414.05 crore contract value (49% consortium share) for construction of an elevated viaduct and 10 elevated stations.
Juniper Hotels
The company acquired 100% stake in JHAPL, making it a wholly owned subsidiary, to develop a 5-star hotel project on a 2.524-acre land parcel in Dwarka, New Delhi.
Maruti Suzuki India
The company launched India’s first flex-fuel car, Wagon R, capable of running on ethanol-petrol blends from E20 to E100.
Tata Consultancy Services
The company partnered with Nokian Tyres to modernize IT operations using AI-driven application management, development and support services.
TVS Supply Chain Solutions
The company formed a 51:49 joint venture with ALA Group to provide aerospace and defence supply chain solutions in India, targeting cumulative revenue exceeding Rs 2,000 crore by 2031.
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