Positive Developments
- Tata Power: Signs an MoU with ADB to explore financing options for energy infrastructure projects worth $4.25 billion.
- SJVN: Enters into an MoU with the Rajasthan Government to develop 5 GW pumped storage and 2 GW solar projects.
- ACC, NLC, JSW Energy: Among the five companies awarded coal blocks during the 10th round of coal mine auctions.
- Mphasis: Announces a multi-year technology partnership with MoneyGram Haas F1 Team.
- Afcons Infra: Declared the lowest bidder for a ₹1,274 crore project by the Uttarakhand Project Development Corporation.
- Man Industries: Plans to sell, divest, or monetise assets of its subsidiary Merino Shelters, with revenue of ₹203 crore expected within three months.
Negative Developments
- Infosys: Faces a tax penalty and demand worth $3.3 million for the period from Q3CY19 to Q1CY24.
- Protean eGov: NSE Investments to sell 20.31% stake via OFS at a floor price of ₹1,550 per share.
- Apollo Micro: Some investors back out from the company’s preferential offer, raising concerns.
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