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*India Daybook – Stocks in News*


*Zydus Lifesciences:* Company receives final approval from USFDA for Apalutamide Tablets, 60 mg. (Positive)

*IMFA:* Company signed a Share Subscription and Shareholders Agreement with JSW Green Energy One Ltd & JSW Green Energy Seven Ltd. (Positive)

*Avenue Supermarts:* Company opened 2 new stores, 1 in Adoni, Kurnool and 1 in Haralur, Bengaluru, Total store count is now 398. (Positive)

*Bajaj Auto:* Company approves re-appointment of Rajiv Bajaj as MD & CEO for another 5 years from April 1. (Positive)

*Supreme Petrochem:* Company announced the acquisition of Xmotd Polymers Pvt. Ltd., acquiring 100% of its equity shares. (Positive)

*Steel companies:* DGTR recommends 12% safeguard duty on non-alloy & alloy steel flat products for 200 Days (Positive)

*Brigade Enterprises:* Company and Gruhas, the investment platform co-founded by Nikhil Kamath and Abhijeet Pai, announced the launch of a dedicated fund for property technology and sustainability-driven startup. (Positive)

*Dr Reddy’s Lab:* Alvotech & Dr Reddy’s announce FDA acceptance of biologic license application for AVT03. (Positive)

*BPCL:* Collaborates with BluJ Aerospace, ANERT, and CIAL to Launch the World's First Hydrogen-Powered VTOL Aviation Ecosystem (Positive)

*IndusInd Bank:* Ashok Hinduja: Will propose new CEO names to RBI from Sept (Agencies). (Neutral)

*Hindustan Zinc:* Company has been fined ₹5.42 lakh each by the BSE and the NSE for non-compliance with board composition norms. (Neutral)

*Bharti Airtel:* Company secures shareholder nod for infrastructure sale to Indus Towers. (Neutral)

*TVS Supply Chain Solutions:* Andrew Jones resigns as, CEO, Europe of TVS Supply Chain Solutions, UK w.e.f. May 31, 2025. (Neutral)

*L&T:* Company to consider fund raising by way of debt issue on March 21, 2025. (Neutral)

*Nazara Technologies:* Company acquired 8.97% equity shares of Absolute Sports for ₹69.17 Cr. (Neutral)

*JSW Infrastructure:* Company announced the redemption of Commercial Papers (CP) on their due date, March 18, 2025. (Neutral)

*GSS Infotech:* Company announced the appointment of Mr. Sonu Kumar as Chief Financial Officer. (Neutral)

*Canara Bank:* Raised ₹4,000 Cr through 7.46% Tier II bonds. (Neutral)

*Oriental Rail:* Company announced securing an order from Integral Coach Factory (ICF), Chennai, and Indian Railways. The order is valued at Rs 1.89 cr (Neutral)

*Mahindra & Mahindra Financial:* India Ratings & Research Pvt Ltd reaffirmed the company's credit rating on Mar 17, 2025. (Neutral)

*Dynamic Services:* Company announced a new work order from The West Bengal Power Development Corporation Limited. The total order value is Rs 3.74 Cr. (Neutral)

*Vadilal Industries:* Company announced the continuation of Mr. Rajesh R. Gandhi and Mr. Devanshu L. Gandhi as Managing Directors. (Neutral)

*Coromandel Agro Products:* Company announced the retirement of CFO Mr. Satyanarayana Kothuri, effective Mar 18, 2025. (Neutral)

*ESAF Small Finance Bank:* Bank to consider fund raising via issuance of NCDs (Tier II Bonds) on preferential basis on March 21. (Neutral)

*ZF Commercial:* Company announced the resignation of Mr. Hariprasad Rayapalyam, Vice President and Head – Legal, effective March 18, 2025. (Neutral)

*LIC:* Company Issues Clarification, Says Is In Advanced Talks With a Standalone Health Insurance Company to Acquire Substantial Stake. (Neutral)

*BMW Industries:* Company announced the resignation of Independent Director Mr. Dilip Kumar Mandal. (Neutral)

*Kerala Ayurveda:* Company announced the resignation of Ms. Jyothi Gulecha from the position of Company Secretary & Compliance Officer (Neutral)

*Ecoboard Industries:* Company’s board appointed Tanuja Anand Deshpande as Company Secretary & Compliance Officer on Mar 18, 2025. (Neutral)

*SAL Steel:* Company’s board meeting on Mar 18, 2025, appointed Radhika P. Soni as Company Secretary & Compliance Officer, effective Mar 18, 2025. (Neutral)
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India Daybook Stocks in News


*BEL:* Company receives Rs 2463 Crore order for Ashwini Radars from Indian Air Force. (Positive)

*BEML:* Company signs non-binding MoU with Siemens to explore opportunities in train & metro markets (Positive)

*NTPC Green:* Company declares full commercial operation of 105 MW Shajapur solar project. (Positive)

*Carysil:* Company entered into an agreement with Karran Inc. to Supply Quartz Sinks to major US Home Retail Chain (Positive)

*Unimech Aerospace:* Crisil Ratings has revised the outlook on Company’s corporate credit rating to "Positive" from "Stable", while reaffirming the rating at "Crisil A-". (Positive)

*Atishay Ltd:* Company has been awarded a new work order for printing and delivery of PVC co-branded Ayushman cards by the Government of Odisha. (Positive)

*Nahar Industrial:* CRISIL upgraded the credit ratings for Nahar Industrial Enterprises Ltd.'s bank facilities. (Positive)

*Premier Explosives:* Company has received an export order for Rs. 21.45 Cr for defence explosives. (Positive)

*Azad Engineering:* Company inaugurated a lean manufacturing facility for Mitsubishi Heavy Industries. (Positive)

*Infosys:* Expands Strategic Collaboration with Citizens for AI-led Transformation (Positive)

*Polycab:* Company enters into agreement for Rs 3003 cr with BSNL for Bharat Net (Positive)

*NACL Industries:* Coromandel International board approves acquisition of 53.13% stake (10.68 cr shares) in NACL Industries at ₹76.70/sh (Positive)

*Waaree Renewable:* Care Ratings Ltd. has upgraded credit rating for its banking facilities. (Positive)

*Swelect Energy:* Company secures 150 MW solar module orders, raises ₹290 crore to fund 1 GW expansion (Positive)

*Jubilant Pharmova:* Subsidiary has received an EIR with a Voluntary Action Indicated (VAI) status from USFDA (Positive)

*Yatra Online:* Company’s board meeting on Mar 12, 2025, noted the resignation of Rohan Purshottamdas Mittal as Group CFO (Neutral)

*Bajaj Electricals Ltd: Company received a favorable ruling from the Appellate Authority regarding a GST dispute. The Appellate Authority dropped a Rs. 11.06 Cr. (Neutral)

*Jamna Auto:* Company received a show cause notice from the GST Authority on Nov 30, 2024, related to a tax demand for Rs 2.36 crore. (Neutral)

*Beta Drugs:* Company amended its Memorandum of Association to increase its authorized share capital from Rs. 10.5 Cr to Rs. 11 Cr. (Neutral)

*Dynamic Services:* Company received a contract of Rs 1.89 crore from South East Central Railway for cooking and serving meals at the Bilaspur running room (Neutral)

*Medplus Health:* Company received a stay order from the Central Government Industrial Tribunal in Maharashtra. The CGIT halted a Rs. 1.88 Cr demand against the company. (Neutral)

*Panasonic Carbon:* Company announced the resignation of its Company Secretary, Mr. Shiva Prasad Padhy, and effective May 9, 2025. (Neutral)

*Shantai Industries:* Company announced the resignation of Komal Agarwal as Company Secretary & Compliance Officer, effective March 12, 2025 (Neutral)

*DCAL:* Company Board Approves Issue of Debentures Aggregating up to Rs 500 million (Neutral)

*Manali Petrochemicals:* Company Makes Further Equity Investment of Rs 88.2 million in Amplus IRU. (Neutral)

*NHPC:* Company to consider borrowing plan for raising of debt for FY 2025-26 on March 19. (Neutral)

*IndusInd Bank:* Shares worth ₹1,600 crore were sold by Mutual Funds in February, data shows. (Neutral)

*Ola Electric:* Company announces 'Holi flash sale' offer for S1 Range e-Scooters. Company is providing discounts of up to ₹26,750 on the S1 Air (Neutral)

*Zydus Lifesciences:* Zynext Ventures invests in Illexcor Therapeutics to advance novel oral therapy for sickle cell disease. (Neutral)

*Jaiprakash Associates:* Company assigns outstanding debt/ financial assets to National Asset Reconstruction Company (NARCL) (Neutral)
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*News Headlines from Business News Agencies :*

*Business Standard :*

Government not privatising telecom firms BSNL and MTNL, says minister

Riyadh Air plans to expand, eyes partnership with Air India and IndiGo

Russian oil supplies to India may recover in March after 3-month decline

Indian developers buy land parcels worth Rs 39,700 crore in 2024: JLL

India to see $600 bn in investments over next 3 yrs for startups: Experts

PFC board okays Rs 1.4 trn borrowing, Rs 3.5 per share interim dividen

Indian IT services sector to see 4-6% revenue growth in FY26: ICRA

Ola Electric eyes Ebitda breakeven in automotive by Q1FY26

Glenmark launches Empagliflozin for diabetes in India under Glempa brand

CG Power gets nod for $36 mn deal to acquire Renesas Electronics business

Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS

Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn


*Economic Times :*

India to launch auction for mineral exploration licenses for 13 blocks

ArcelorMittal Nippon sues India over raw material imports as fight escalates

Proposed law on oilfields won't take away states' rights: Govt in Lok Sabha

India holds talks with Congo for pact to source cobalt, copper, sources say

India's industrial production picks up in January, grows 5%

Indian mills sign contracts to export 600,000 metric tons of sugar

RBI tells IndusInd Bank board to suggest external candidates for CEO & COO position

India's steel secretary says industry does not expect major impact of US tariffs

Indian tea industry's export reaches decade high of 255 mn kg in 2024

SWELECT secures over 150 MW of solar module orders

Tanishq expands US presence with new stores in Seattle and Atlanta


*Mint :*

India's retail inflation hits seven-month low of 3.61% in February 2025

Moody's pegs India's FY26 GDP growth at over 6.5 per cent

Quick comm accounts for 70-75% of total e-grocery orders, up from 35% in 2022

Rebel Foods to boost Wendy’s India presence with ₹150 crore investment

Oil prices to remain around $70-75 per barrel, says Emkay

HUDCO announces ₹2,842.50 crore fundraising via private placement

EPA Terminates $20 Billion in Grants for Climate Projects

Adobe seeks to sell lawsuit-free AI models, expands Indian engineering hub

Bajaj Auto eyes market share gains with new electric 3-wheeler lineup

RBI probing banks' derivatives books amid IndusInd fallout, sources say

UST Expands India Presence with a New 1000-Seater Office in Pune
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India Daybook Stocks in News


Rail Vikas Nigam Ltd: Company is the lowest bidder for a highway project in Andhra Pradesh. The project worth Rs 554.64 crore (Positive)

Waaree Renewables: JV secures Rs 740 crore solar EPC order for 125 MWAC project (Positive)

Thomas Cook: Company announced the launch of a new product, the "Borderless Travel Card." (Positive)

Adani Green Energy: Company commissioned a 250 MW solar power project in Kadapa, Andhra Pradesh. (Positive)

Godrej Agrovet: Company to acquire 48.06% stake in Creamline Dairy for ₹930 crore. (Positive)

Bharti Airtel: Elon Musk’s Starlink ties up with Airtel to come to India. Airtel and SpaceX to further explore how Airtel expertise in Indian market complements Starlink, expand Airtel’s offerings (Positive)

Zydus Life: Board approves block acquisition of 85.6% equity of Amplitude Surgical for €256.8 million (Positive)

Adani Ent: Adani Group bags Rs 36,000 cr redevelopment project in Mumbai: PTI (Positive)

Coromandel: Murugappa group promoted Coromandel International is in advanced talks to buy a controlling stake in Nagarjuna Agrichem (Positive)

Nykaa: Company incorporates wholly owned subsidiary 'Nykaa Essentials' for beauty & personal care (Neutral)

Canara Bank: Cuts lending rates on some tenures by 5-15 bps, effective March 12 (Neutral)

Kaynes Technology: Managing Director Ramesh Kunhikannan gets a Show-Cause Notice from the Securities and Exchange Board of India. (Neutral)

KPI Green Energy: Company appoints Surinder Kumar Negi as chief operating officer of the company. (Neutral)

Greenlam Industries: Shareholders approved increasing the authorized share capital to Rs. 30 Crore. (Neutral)

NDMC: Company unveils plan for 100% solar power by 2026, focuses on civic upgrades. (Neutral)

SRU Steels: Company announced the commencement of operations at its new infrastructure machinery unit in Rajkot on Mar 11, 2025. (Neutral)

Karur Vysya Bank: ICRA has reaffirmed its existing credit rating of ICRA A1+ for Bank’s Certificate of Deposit Programme worth Rs.5,000 Cr. (Neutral)

Sharika Enterprises Ltd: Company received credit ratings from CARE Ratings Ltd. for its bank facilities, CARE B+; Stable (Neutral)

Oriental Rail: Company secured a significant order from Indian Railways with Amount Rs 2.78 Cr. (Neutral)

Biofil Chemicals: Company announced the sudden death of its Chairman and Managing Director, Mr. Ramesh Shah. (Neutral)

Asian Granito India Ltd: Company incorporated a subsidiary company, PT AGL SURFACES INDONESIA, in Indonesia on Feb 7, 2025. (Neutral)

On Mobile Global: Company announced the closure of its Qatar branch, effective Mar 10, 2025. (Neutral)

Muthoot Capital Services: Company issued Rs. 25 Cr of Commercial Paper (CP) on Mar 11, 2025. (Neutral)

Swiggy: Company Announces Partnership with Sulabh International to Transition To 100% EV Delivery Fleet by 2030. (Neutral)

Swiggy/Zomato: Rapido in talks to challenge Swiggy and Zomato in food delivery space: Sources. (Neutral)

HCL Technologies: Company has been recognized as one ofthe World's Most Ethical Companies for 2025 by Ethisphere. (Neutral)

Binny Mills Limited: Company announced the resignation of its Company Secretary and Compliance Officer, Smt. K. Aarthi, effective April 30, 2025, due to personal reasons. (Neutral)

Union Bank: Fitch Ratings affirmed Union Bank of India's Long-Term Issuer Default Rating (IDR) at 'BBB-'. The outlook is Stable (Neutral)

Infosys: Company’s promoter Shruti Shibulal buys ₹494 cr shares amid IT stocks slump. (Neutral)

PB Fintech: Company to invest up to ₹696 crore in arm PB Healthcare. (Neutral)

TCS: Company to acquire Darshita Southern India Happy Homes for ₹2,250 crore to expand delivery center. (Neutral)

ICICI Bank/ ICICI Sec: Board of Directors set March 24, 2025 as the ‘Record Date’ for merger. Shareholders were set to receive 67 shares of ICICI Bank for every 100 shares of ICICI Securities (Neutral)
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Mkt. Updates :

GIFT Nifty -40 pts (22550) from last trade 22590 ,

Nikkei +73 pts ,
Hangseng +77 pts ,

Dow -478.23 pts ,Nsdq -32.22 pts, S&P
-42.49 pts , Bovespa -1012 pts , Ftse -104 pts , Dax -292 pts , Cac -105 pts , Crude @ $66.59 brl (+0.34), Brent @ $69.89 brl (+0.33) , Gold @ 2919.60 (-1.30), Silver $33.29 (+0.14), Euro @ $1.0907, JPY @ $147.96, INR @ 87.145

US GOVT. 10-YR YIELD : 4.27%

Today's Corporate Action, 12 Mar Ex Date :

Altius Telecom Infrastructure Trust
Income Distribution (InvIT)


Today's Key Results/Board Meetings, 12-Mar-25

NIL


 SEC. IN F&O BAN FOR 12-03-2025 :

1. MANAPPURAM 2. HINDCOPPER 3. BSE 4. INDUIND BK. 5. SAIL

ADDITION : SAIL, INDUSIND BK.
DELETION : NIL
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India Daybook Stocks in News


*Tata Power:* Arm Tata Power Renewable Energy signs MoU with Andhra Pradesh Government to develop up to 7,000 MW of renewable energy projects. (Positive)

*Hindustan Tin:* Company has started commercial operations at its new manufacturing unit in Haryana, ahead of schedule. (Positive)

*RITES:* Company has received a Letter of Acceptance for a project of Rs 27.96 cr. (Positive)

*Biocon:* Company announces positive Results from Phase 3 Study of Yesintek Biosimilar to Ustekinumab for Chronic Plaque Psoriasis. (Positive)

*AstraZeneca:* Company received approval from the Central Drugs Standard Control Organisation to import and distribute Durvalumab solution for infusion for an additional indication. (Positive)

*Lupin:* Company launches Rivaroxaban Tablets in US, following the final approval from the US FDA (Positive)

*Railtel Corp:* Company has received an order from East Central Railway for Rs 47.5 crore. (Positive)

*Oriental Rail:* Company has received an order of Rs 42.9 crore for Vande Bharat. (Positive)

*JSW Steel:* Crude Steel Production: 24.07 Lakh Tonnes in February 2025, up 12% YoY from 21.50 Lakh Tonnes in February 2024 (Positive)

*KRBL/LT Foods/Chamanlal Setia:* 100% Broken Rice Export Allowed By India (Positive)

*GMR Airports:* Company hikes stake in Delhi Airport to 74% after acquiring Fraport's 10% shareholding. (Positive)

*IRB Infra:* February toll collections up 14.4% at Rs 528.7 crore vs Rs 462.2 crore (YoY). (Positive)

*Glittek Granites:* Company sold a land plot (3,967 sq m + 18,438 sq m) to YJLINK India Private Limited for INR 39 Cr (Positive)

*Medicamen Biotech:* Company has partnered with Major South African Conglomerate to Register and Market Its Products (Positive)

*Agarwaleye”* Dr Agarwal's Health Care Ltd has opened a new branch in Virar, Maharashtra (Positive)

*Patanjali:* Company announces that its mega food processing plant in Nagpur will commence operations (Positive)

*Inox India:* Company secures a 153-megawatt order for wind turbines in Tamil Nadu from a global clean energy company. (Positive)

*Lemon Tree:* Company announced the signing of two new license agreements for Keys Lite hotels in Madhya Pradesh. (Positive)

*Shyam Metalics:* Stainless steel sales grew by 110% YoY to 8,552 MT in February 2025, while stainless steel average realizations increased 10% YoY to Rs 1.29 lakh per MT (Positive)

*Nazara Technologies:* Board approved the sale of 94.86% equity stake in Openplay Technologies Pvt Ltd to Moonshine Technology Pvt Ltd for INR 104.34 Cr. (Positive)

*Amara Raja:* Company announced the settlement of equity shares of RNGalla Family Private Limited (RFPL) into four family trusts. (Positive)

*HFCL:* Company has secured a contract worth approximately INR 44.36 Crores from the Indian Army (Positive)

*Bodal Chemicals:* Government of India has recommended imposing anti-dumping duty on imports of Trichloro Isocyanuric Acid (Positive)

*Omaxe:* Company has launched New Singapore in Faridabad, with a project value of Rs 600 crore. (Positive)

*NDR Auto:* Company has received an offer letter from Maharashtra Industrial Township (MITL), offering 26.39 acres of land in Chhatrapati Sambhaji Nagar, Maharashtra, for Rs 37.60 crore (Positive)

*BHEL:* Delhi High Court upholds interim order of Rs 115 crore award in favour of the company (Positive)

*CG Power:* Company announced the incorporation of a step-down wholly-owned subsidiary, Axiro Semiconductor Turkey (Neutral)

*Shilpa Medicare:* US FDA issues Form 483 with 1 observation for Raichur-based Unit-1 of its arm Shilpa Pharma Lifesciences (Neutral)

*APL Ltd:* US FDA issues Form 483 with 1 observation for Vadodara facility (Neutral)

*Kesoram:* Stock Trades Ex-Date for Spin Off as merger with Ultratech ex date today (Neutral)

*ONGC:* OPaL exits from Dahej SEZ, to operate as domestic tariff area unit. (Neutral)

*Sterlite Technologies:* Company announced the resignation of its CFO, Mr. Tushar Shroff, and effective Mar 31, 2025. (Neutral)
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*News Headlines from Business News Agencies :*


*Business Standard :*

IBS Software to explore more biz opportunities in India's airline industry

India eyes potential to become a hub for submarine cables, global backbone

Hyundai's Rs 31,526 crore related-party transactions under scrutiny

JSW group to raise Rs 1,487 crore for setting up EV unit in Maharashtra

Waiting for a fair wind: Shadow bank risks persist despite RBI relief

Alpha Tocol hands over first rear fuselage for LCA Mk1A to HAL: Centre

PepsiCo plans to double India revenue in 5 yrs, invest in boosting capacity

SolitAir to invest $25 mn in India's air cargo market this year: CEO

AC companies likely to raise prices by 4-5% due to component shortages

Insurance cos knock on Irdai door seeking more time to implement Bima-ASBA

USFDA flags Granules India for storage, equipment lapses at Telangana plant


*Economic Times :*

Global travel SaaS biggie seeks to spread wings in India, sets sights on airline loyalty programmes

Haier aims for $2 billion sales in India in next 3-4 years, to invest Rs 1,000 cr in manufacturing

Asus eyes 30 pc growth in consumer PCs driven by AI, gaming, content creation

SolitAir to invest $25 million in Indian market this year: CEO Hamdi Osman

DLF to invest Rs 6,000 cr to construct 75 lakh sq ft office, retail spaces in Gurugram

India’s EU trade deal faces a costly hurdle due to strict laws

Solar manufacturers demand duty protection from imported ingot, wafer

FHRAI urges govt to delink food and beverage GST rates from room tariffs

Maruti Suzuki partners with Hero FinCorp to expand car loan offerings

Religare Enterprises withdraws NCLAT petition against CCI order favouring Burman group's stake buy

JSW Energy completes KSK Mahanadi buyout ahead of May deadline


*Mint :*

Bankers Race to Catch Up With EU Defense Goals in Stunning Reset

BWH Hotels eyes growth in India with 100 properties in 5-7 years

NaBFID in talks with the World Bank to boost infrastructure financing

ONGC's OPaL exits from Dahej SEZ, eyes local market

EU's aggressive environmental regulations biggest hurdles of FTA talks with India: GTRI

Iraq fears power cuts as US ends sanctions waiver for electricity purchases from Iran

Worker unions continue to protest despite ongoing wage revision talks: NMDC

FHRAI urges govt to delink food and beverage GST rates from room tariffs

NCLAT dismisses plea against resolution plan approval for Duncans Ind

Playbook Partners to invest USD 20 million each in 12-15 companies over 2 years
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