14-Feb-2025
?? Order Wins
- Premier Energies: Wins a ?1,234 crore order.
- BR Goyal: Wins an ?28 crore order for toll collection at Pandutala Fee Plaza on NH-30, Madhya Pradesh.
- Capacit’e Infraprojects: Wins a ?1,320 crore EPC contract from NBCC for a residential project in Greater Noida, including two years of operation & maintenance.
- Australian Premium Solar: Receives a Letter of Intent (LOI) under a 200 MW Tender from Bihar Renewable Energy Development Agency for grid-connected rooftop solar PV system installation across Bihar.
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?? Partnerships & MoUs
- GAIL & Cummins: Sign an MoU for clean energy collaboration.
- Mahindra & BEL: The U.S. and India launch the Autonomous Systems Industry Alliance (ASIA), strengthening defense industry ties.
- SCI & BPCL: Sign MoU and NDA to explore a strategic alliance in the shipping sector.
- Zydus Life & Zhuhai Beihai Biotech: Sign an exclusive licensing, supply, and commercialization agreement for BEIZRAY, a product used in treating various cancers.
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?? Clarifications and Announcements
- Glenmark Pharma: Glenmark Pharmaceuticals Inc., USA, launches Latanoprost Ophthalmic Solution, achieving annual sales of approximately USD 113 million.
- Vedanta Resources: Makes settlement for 2026 tender offers, paying $511.6 million for 2026 and 2028 bond tenders.
- Vodafone Idea: SC junks Bharti Airtel, Vodafone Idea pleas on miscalculation in AGR dues. CEO Akshaya suggests a second tariff hike after nine months.
- Aarti Drugs: The company is no longer subject to refusal of admission and has been removed from Import Alert 66-40 by the US FDA.
- Zydus Life: Receives Nil observations after USFDA’s routine surveillance inspection at Changodar, Ahmedabad.
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?? Acquisitions & Sales
- Fortis Healthcare: Acquires the entire business operations of Shrimann Superspecialty Hospital for ?461 crore, further bolstering its presence in Punjab.
- Bajaj Steel: Incorporates two wholly-owned subsidiaries in Brazil to expand its international presence.
- Landmark Cars: Signs a dealership agreement with PCA Automobiles (Stellantis) to sell and service Citro?n cars in Mumbai.
- Bondada Eng: Acquires a new AAC Blocks manufacturing plant in Telangana, increasing operational capacity to 50,000 CM per annum.
- Paytm: Completes the acquisition of a 25% stake in Seven Technology LLC, Delaware.
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?? Investments & Financials
- BPCL: Finalizes a significant LNG sourcing agreement with ADNOC Trading, enhancing energy security and competitiveness.
- Reliance Industries: HC rejects arbitral award favoring RIL in Krishna-Godavari-D6 Block case.
- Rama Steel: Defers FPO proposal due to market conditions and delays, exploring alternative funding options.
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?? Regulatory Updates
- Polymedicure: The U.S. welcomes India’s tariff cuts on various goods, including bourbon, motorcycles, ICT products, metals, and medical devices.
- Ingersoll Rand: Delays operations at Sanand facility to August 2025 due to extended monsoon rains and operational/logistical factors.
- Choice Broking: SEBI investigates Choice Broking on front-running suspicions; brokerage denies regulatory action.
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?? Miscellaneous
- Manorama Industries: Cocoa stockpiles plunge to record lows, as chocolate makers grab available reserves to counter global shortages.
- HEG: LNJ Bhilwara Group and Birla Cellulose collaborate to explore functional textiles with graphene.
- Goldiam International: Opens its fourth store for lab-grown diamond jewelry retail in Mulund, Mumbai under the brand name “ORIGEM”.
- Kwality Pharma: Successfully registers Cyclophosphamide 1gm for sale in Mexico, marking a milestone in its global healthcare efforts.
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