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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 130 points higher at 24,750 on Thursday.

BEL

The company received Rs.2,323 crore orders from MDL and GRSE for supplyof base and depot spares for missile systems on naval ships.

Central Bank of India

The bank entered the insurance sector by acquiring a 24.91% stake (35.06crore shares) in Future Generali India Insurance for up to Rs.451 crore.

Dr. Reddy’s Laboratories

The company entered a collaboration with Alvotech to co-develop,manufacture, and commercialize a biosimilar to Keytruda® (pembrolizumab)globally.

Garden Reach Shipbuilders & Engineers

The company signed a MoI with Carsten Rehder for 4 hybrid 7,500 DWTvessels and MoUs with Aries Marine and a global engine manufacturer.

Greaves Cotton

The company’s unit GEML converted Rs.94.85 crore loan into equity in BAPL,which continues as its wholly owned subsidiary.

Intellect Design Arena

The company secured an engagement with a leading South African bank todeploy its eMACH.ai Digital Engagement Platform across nine countries,enhancing customer experience and digital onboarding.

JSW Energy

The company commissioned 281 MW (215 MW solar + 66 MW wind), taking totalcapacity to 12,499 MW, and signed a 250 MW wind PPA with Adani Electricity.

MAN Industries

The company received an export order worth Rs 1,150 crore to supplyvarious large diameter pipes to an international customer, with completionexpected within 6 to 12 months, taking its unexecuted order book to Rs3,500 crore

Mphasis

The company inaugurated its first Financial Services Centre of Excellence inBuenos Aires, Argentina, focused on AI solutions for financial services.

RailTel

The company received LOI worth Rs.274.40 crore from Maharashtra MotorVehicles Dept. for implementing ITMS across Vidarbha Circle for 10 years.

Vedanta

The company allotted Rs.5,000 crore worth of NCDs in 3 series on a privateplacement basis as approved by its Committee of Directors.

Welspun Corp

The company received a repeat export order for 50 km of LSAW pipes andbends for a Middle East offshore project and cumulative new orderstotaling Rs.450 crore.

Zaggle

The company will acquire 100% stake in Greenedge Enterprises for Rs.27crore to enhance offerings in loyalty, rewards, and travel segments.

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