📢 **Update – 17th June** @everyone 📦 **New Orders & Contracts** * **POLYCAB**: Wins ₹6,447 Cr BharatNet broadband project from BSNL across Karnataka, Goa & Puducherry. * **SIEMENS**: Secures ₹1,230 Cr share in ₹4,100 Cr Bullet Train consortium deal for Mumbai–Ahmedabad corridor. * **RAMINFO**: Bags ₹474 Cr rooftop solar order from Rajasthan Renewable Energy Corp via SPV. * **CG POWER**: Wins record ₹641 Cr order from PGCIL for 765kV transformers. * **NBCC**: Gets ₹172.46 Cr order to construct UCO Bank HQ in Kolkata. * **EMS LIMITED**: Emerges L-1 bidder for ₹183.81 Cr UP Jal Nigam sewerage project. * **BRAHMAPUTRA INFRA**: Wins ₹24.33 Cr orders from NHAI and Assam Water Dept. * **ITCONS**: Bags ₹62.66 Lakh manpower services order from Wipro, execution till Nov 30, 2025. * **RAILTEL**: Receives ₹43.99 Cr LOI for Mizoram Fibre Grid Network from Zenics. 🧩 **Expansions & Acquisitions** * **METROPOLIS HEALTHCARE**: Completes acquisition of Dr. Sharma’s Scientific Pathology. * **DRC SYSTEMS**: To acquire 50.1% in Inexture Solutions for up to ₹1 Cr in cash. * **MAITHAN ALLOYS**: Buys 0.001% stake in GAIL for ₹1.25 Cr (financial investment). * **PNB**: Sells 20.9% stake in India SME ARC to Authum Investment for ₹34.05 Cr. * **BHAGYANAGAR INDIA**: Divests 21.42% stake in Surana Electrix for ₹1.33 Cr. * **RASHI PERIPHERALS**: Exits 51% stake in Znet Technologies for ₹2 Cr. * **TRIDENT**: Exits wholly-owned unit Trident Home Textiles for ₹1.07 Cr. * ⁠🤝 **Technological Advancements & Strategic Partnerships** * **HCL TECH**: Partners with Spain’s ASISA to digitally transform Iberian healthcare. * **RATEGAIN**: Air Montenegro adopts AirGain platform for dynamic airfare pricing. 📈 **Operations & Performance Updates (Q4 / Business)** * **YES BANK**: Receives ₹78 Cr from Security Receipts Trust—above book value, positive recovery. 💰 **Fundraising Updates** * **SAKAR HEALTHCARE**: Completes preferential issue by converting warrants worth ₹8.64 Cr. 🔁 **Stock Transactions (Buy/Sell)** * **HFCL**: Promoters sell 2.79% stake (June 5–16) via open market. * **HIND ZINC**: Promoter Vedanta to sell up to ₹7,500 Cr worth shares via block deals – CNBC. 🏛️ **Regulatory & Legal Updates** * **NELCO**: Gets 10-year DoT license for VSAT-VNO services—boosts satellite-based communication. 🚀 **Innovation & Product Launches** * **MARUTI SUZUKI**: Launches 2025 Grand Vitara S-CNG with 6 airbags at ₹13.48 lakh. * **PN GADGIL**: Launches ‘Litestyle’ lightweight jewellery brand; eyes 100 stores by 2030. * **ALLIED BLENDERS**: Launches Russian Standard Vodka in India. * **VEERHEALTH**: Launches Ayuveer brand on Myntra; targets ₹35–40 Cr FY26 revenue. 🏢 **Incorporation / Corporate Structure** * **CENTRAL BANK**: To form insurance JV with Generali; 4,541 branches to assist in distribution. * ⁠📌 **Other Updates** * **SEAMEC**: JV acquires vessel ‘Chennai Valarachi’ for \$7.88 Mn; 42-month charter to fetch \$9.15 Mn. * **RANE (MADRAS)**: To sell 3.48 acres land in Chennai—capital unlock for growth. * **DELHIVERY**: CCI approves acquisition of 99.44% stake in Ecom Express. * **MAHINDRA**: Gets CCI nod for SML Isuzu acquisition. * **DAVIN SONS**: Relocates Gurugram warehouse due to lease expiry; ops unaffected. * **ONGC**: Gas leak at Assam well ongoing for 4 days; relief measures underway. * **BAAZAR STYLE**: Resumes operations at Dhuliyan store post disruption; insurance claim filed. * **ELECTROSTEEL CASTINGS**: Starts 10–12 day planned shutdown at Khardah unit. * **INTERGLOBE AVIATION**: IndiGo to start Assam–Delhi flights from Sept 20.