
The domestic equity indices, Sensex and Nifty, also surged on Friday, driven by global market rallies. The Sensex gained 1,359.51 points, reaching a new lifetime high of 84,694.46.
Several key developments have emerged from major companies, influencing market sentiments. Here’s a summary of the updates:
- HDFC Bank: The board of its subsidiary, HDB Financial Services, has approved plans for an IPO, including a fresh issue worth ₹2,500 crore along with an offer for sale (OFS) from existing shareholders.
- Mankind Pharma: The company is planning to raise up to ₹10,000 crore through non-convertible debentures and commercial papers on a private placement basis.
- BHEL: Secured a notification of award worth ₹6,100 crore from NTPC for an 800 MW thermal power project.
- Tata Steel: Commissioned India’s largest blast furnace at Kalinganagar, Odisha, investing ₹27,000 crore. The crude steel capacity is expected to expand from 3 MTPA to 8 MTPA.
- ONGC: Signed a significant deal for non-associated gas resources in Azerbaijan’s ACG fields, with estimated resources up to 4 trillion cubic feet.
- Vodafone Idea: Concluded a $3.6 billion deal with Nokia, Ericsson, and Samsung for network equipment, marking the first step in the company’s capex rollout plan.
- Glenmark Pharma: The US FDA issued a Form 483 with zero observations for the company’s Aurangabad facility.
- Aarti Drugs: Received a Form 483 with seven observations from the US FDA for its API manufacturing unit in Maharashtra. None of the issues were related to data integrity.
- HFCL: Signed a strategic partnership with General Atomics Aeronautical Systems Inc. to develop and supply sub-systems for advanced unmanned aircraft systems.
- Hind Rectifiers Limited: Secured an order worth over ₹200 crore from Indian Railways.