📢 **Update – 16th June** 📦 **New Orders & Contracts** * **United Drilling**: Bags ₹107.5 Cr order from ONGC for casing pipes; order book now at ₹250–280 Cr. * **Archies**: Secures ₹6.7 Cr export order from U.S. buyers; boosts gifting exports and omni-channel expansion. * **Mastek**: Wins cybersecurity training contract from NHS England in partnership with Templar Executives. 🧩 **Expansions & Acquisitions** * **Ethos**: Acquires Dubai-based Ficus Trading LLC to strengthen luxury retail presence in the Middle East. * **Omaxe Ltd**: To invest ₹1,000 Cr in a 127-acre township project near Golden Temple, Punjab. * **Ishan Dyes**: New sulphur derivative unit to start in 2–3 months, expected to drive growth. * **Hyundai Motors**: Starts engine production at Talegaon plant; vehicle rollout to follow in next phase. 🤝 **Technological Advancements & Strategic Partnerships** * **TCS**: * Partners with Denmark’s Salling Group for AI-led cloud transformation across 2,100 stores. * Inks deal with Council of Europe Development Bank for AI-powered TCS BaNCS rollout across 43 countries. * **Lupin**: Collaborates with Sino Universal to launch COPD drug (Tiotropium DPI) in China. * **HCL Tech**: Signs global cloud and AI-led IT services deal with E.ON to enhance automation. * **BikeWo Green Tech**: Ties up with Flipkart’s Instakart for last-mile delivery via 1,300+ EVs. * **Intellect Design**: Partners with First Abu Dhabi Bank to deploy AI-based eMACH.ai lending platform. 👔 **Leadership Changes & Appointments** * **IPCA Labs**: Appoints Dr. Nagaji Vekariya as President – CRD to bolster innovation and R\&D. * **Relaxo Footwears**: VP–Marketing Sachin Chhabra resigns; 3-month transition plan underway. * **Kings Infra**: Announces leadership changes along with plans for land monetization and expansion. * ⁠💰 **Fundraising Updates** * **Biocon**: To raise up to ₹4,500 Cr via Qualified Institutional Placement (QIP). * **Nazara Tech**: Allots ₹495 Cr worth of shares to Axana Estates via preferential issue. 🔁 **Stock Transactions (Buy/Sell)** * **Azad Engineering**: Nomura raises stake to 5.13% via open market purchase (June 13). * **Apeejay Surrendra Park Hotels**: MD Vijay Dewan buys shares worth ₹38.38 lakh; stake now 0.0351%. * **Vishal Mega Mart**: Kedaara Capital to offload 10% stake (\~₹5,000 Cr) via block deal at ₹110/share. 🧾 **Clarifications & Disclosures** * **United Spirits / Radico / Tilaknagar**: CIABC warns that Maharashtra excise hike will hurt sales and boost smuggling. * **Birla Corp**: Clarifies that WB incentive revocation is not final; remains committed to expansion. 🏛️ **Regulatory & Legal Updates** * **Hikal**: Jigani API facility gets ANVISA GMP certification from Brazil’s health regulator. 📊 **Credit Ratings & Analyst Opinions** * **Paras Defence**: ICRA upgrades outlook to ‘Positive’; reaffirms A- / A2+ credit ratings. 📈 **Operations & Performance Updates (Q4 Results)** * **Ram Ratna Wires**: Starts production at copper tube plant in Bhiwandi; targets 2x revenue in 2 years. * **Birla Corp**: Confident after recent mining auction win; brownfield expansion in focus. * **Prestige Estates**: Sells \~2,900 units worth ₹7,000 Cr; reports strong demand and luxury pricing surge. 🚀 **Innovation & Product Launches** * **Nazara Tech**: Launches Pokerverse VR game on Meta Quest and Apple Vision Pro. * **JBM Auto**: Rolls out ECOLIFE electric bus (400 km range); sets up EU HQ and German JV. * **Medicament Organics**: To launch 22 skincare products in Mauritius via subsidiary on July 11. * **Neopolitan Pizza**: Signs 2-year deal to open 36 new franchise outlets across India. * ⁠🏢 **Incorporation / Corporate Structure** * **PFC**: Incorporates SPV ‘Saswad Transmission Ltd’ to execute 400/220 kV project in Maharashtra. ⚖️ **Tax Orders** * **Steel Strip Wheels**: Wins ₹22.86 Cr GST case in Gujarat HC; full demand quashed with refund & waiver. 📌 **Other Updates** * **Marico**: Margins under pressure from rising coconut oil prices due to Indonesian supply issues. * **Tata Motors**: EU may accept 10% U.S. tariff; potential JLR margin impact to depend on final terms. * **NCC**: Merger meeting postponed to August 14; neutral short-term impact. * **Span Divergent**: Subsidiary Dryfruit Factory restarts operations at upgraded Ahmedabad plant. * **Laxmi Organic**: Bombay HC dismisses MSEDCL dues plea; matter shifted to MERC.