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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 after Nifty closed 27 points lower at 24,194 on Tuesday.

Akums Drugs and Pharmaceuticals:

The company’s subsidiary Maxcure collaborated with Jagdale Industries tomanufacture and pack non-milk-based aseptic RTD wellness and nutritionproducts in India.

Bharat Global Developers:

The company secured a Rs.156 crore order from UPL Agro for 3 lakh tons of oilgrade groundnuts, with phased delivery over six months.

HCLTech:

The company launched DataTrustShield, a data and cloud security solution incollaboration with Intel, to protect sensitive data using trusted executionenvironments like Intel® TDX and Trust Authority.

Exide Industries:

The company invested Rs.99.99 crore in its wholly owned subsidiary Exide EnergySolutions via rights issue, taking total investment to Rs.3,052.24 crore.

ICICI Lombard:

The company approved a Rs.50 million investment in Bima Sugam for equityshares, aiming to develop a centralized insurance electronic marketplace in India.

L&T Finance:

The company partnered with Amazon Finance India to develop innovative creditsolutions, enhancing affordability for Amazon's eligible customers and merchants.

Lumax Auto Technologies:

The company, via subsidiary Lumax Resources, acquired a 60% stake inGreenfuel Energy for Rs.153.09 crore, making it a step-down subsidiary.

Mindspace Business Parks REIT:

The company raised Rs.500 crore through the private placement of 50,000 NCDs,each valued at Rs.1 lakh, with a 7.54% annual coupon.

NTPC:

The company incorporated a 50:50 JV, Mahagenco NTPC Green Energy PrivateLimited, with Mahagenco to develop renewable energy parks in Maharashtrawith an authorized capital of Rs.10 lakh.

Rail Vikas Nigam:

The company received a Letter of Acceptance from South Central Railway foran EPC contract for the doubling of tracks (58.06 Kms) between Parbhani andParli stations in Maharashtra, with a project cost of Rs.625.08 crore.

RateGain:

The company partnered with Kamat Hotels to enhance direct bookings, brandvisibility, and guest acquisition across 18 luxury properties in India.

Sealmatic India:

The company inaugurated a Rs.6.80 crore, 25,000 sq ft Kaman–Vasai facility,boosting production capacity by 65% to 3,150 units/month.

Waaree Energies:

The company received an order to supply 600 MWp of solar PV modules from arenowned domestic renewable power project developer, with delivery set forFY 2025-2026.

Wipro:

The company extended its partnership with Marelli for a four-year IT infrastructureproject focusing on cloud migration, covering Marelli’s Milan Data Centre and localservers, with enhancements in operationalefficiency and innovation.

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