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Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 207 points lower at 24,039 on Friday.

Alembic Pharmaceuticals

The company commissioned a new formulations manufacturing facility atPithampur, MP, with an investment of Rs.205 crore.

Apollo Tyres

The company’s Netherlands subsidiary Apollo Tyres (NL) B.V. intends todiscontinue tyre production at its Enschede plant by summer 2026 due tohigh production costs, subject to local consultation and approval.

Bank of Maharashtra

The bank approved raising Rs.7,500 crore (subject to approvals) viaFPO/QIP/other modes and Rs.10,000 crore via long-term infra bonds in FY26.

Bharat Petroleum

The company began work on a Rs.340.15 crore LPG Bottling Plant in Bihar(180 TMTPA) with rail unloading siding, targeted for completion by FY27.

Mahindra & Mahindra

The company entered into an agreement to acquire 58.96% stake in SMLIsuzu for Rs.555 crore to strengthen >3.5T CV presence.

NTPC Green Energy

The company entered into an MoU with Honeywell UOP to exploresustainable aviation fuel production using CO2 emissions and greenhydrogen from NTPC’s plants in Andhra Pradesh.

RailTel

The company received a Rs.90.08 crore work order from Institute of RoadTransport for ERP system design and implementation, completion byOctober 2026.

Reliance Industries

The company entered into an agreement to acquire 100% stake in KandlaGHA Transmission from PFC Consulting for up to Rs.20 crore.

Shakti Pumps

The company received a Rs.122.14 crore order (incl. GST) from HAREDAunder PM-KUSUM for 3,511 solar pumps, to be executed in 120 days.

The Ramco Cements

The company approved resolutions to issue NCDs and commercial paperswith a borrowing limit of Rs.2,000 crore, without altering the overallborrowing limits.

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