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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 242 points lower at 22,553 on Monday.

Biocon:

The company launched Yesintek™ (ustekinumab-kfce), a biosimilar toStelara®, in the US for treating Crohn’s disease, ulcerative colitis, plaquepsoriasis, and psoriatic arthritis.

Bharat Forge:

The company’s subsidiary Kalyani Powertrain partnered with AMD tomanufacture EPYC™ processor-based servers in India, enhancing AI, cloud,and data infrastructure.

Indegene:

The company launched Cortex, a GenAI platform tailored for life sciences,enhancing content supply chain, medical writing, and MLR reviews.

Nazara Technologies:

The company acquired a 60% stake in Funky Monkeys Play Centre for Rs.43.7crore, making it a subsidiary.

NBCC (India):

The company secured a Rs.264.16 crore PMC contract from NIT Kurukshetrafor academic, hostel, residential blocks, and external development underEPC mode.

NTPC:

The company signed MoUs with the MP government to invest Rs.2 lakh crorein renewable and non-fossil fuel projects, including 20 GW RE capacity.

ONGC:

The company to invest Rs.1,200 crore in ONGC Green via rights issue, fundingits 100% acquisition of PTC Energy and Rs.75 crore guarantee.

Texmaco Rail & Engineering:

The company signed an MoU with Nevomo to develop high-speed rail, AIdriven diagnostics, and autonomous freight solutions for India and globalmarkets.

UPL:

The company’s step-down subsidiary UPL Brazil invested $53.85 million inSinova, increasing its stake from 38.96% to 49.97%.

Welspun Corp:

The company incorporated a wholly-owned subsidiary, Welspun EuropeS.A., in Spain for expanding exports across business verticals.

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