Domestic markets are set for a cautious start on Wednesday, with the Adjusted Nifty indicating a 63-point decline as of 7:30 AM IST, signalling a softer opening. Three companies — Meesho Limited, Vidya Wires Limited and Aequs Limited — are also debuting on the exchanges today, adding to the market’s action-packed session.
Key Corporate Developments
SolarWorld Energy Solutions has signed a BESPA for a 200 MW/400 MWh battery storage project in Gujarat worth ₹806.4 crore, strengthening its position in India’s clean energy transition.
GPT Infraprojects has emerged as the L1 bidder for a construction project valued at ₹199.17 crore.
SEPC, through its joint venture, has secured an aviation infrastructure project worth ₹86 crore at Bihta Airport in Patna.
EaseMyTrip has announced its partnership as the Official Travel Partner for the India debut of the World Tennis League.
AU Small Finance Bank has received approval to increase its foreign investment limit from 49% to 74%, marking a significant shift in ownership flexibility.
Zydus Lifesciences has entered into an exclusive licensing and supply deal with Formycon AG for the biosimilar FYB206 (Keytruda biosimilar) for the US and Canada markets.
NLC India declared Commercial Operation (COD) for Unit-2 (660 MW) of the Ghatampur Thermal Power Project, effective 9 December.
Blue Jet Healthcare has rolled out SAP S/4HANA 1.0 under its digital transformation project ‘LEAP’.
LG Electronics unveiled its new AI DD 2.0 washing machine lineup, featuring 10 upgraded models across washer–dryer and top-load categories.
Tata Power has commissioned the 400 kV Koteshwar–Rishikesh line, enhancing North India’s ability to evacuate 1,000 MW of hydropower.
Time Technoplast has partnered with Imperial Auto Industries and Poppe + Potthoff GmbH to advance hydrogen mobility systems.
Godrej Industries announced plans to invest over ₹10,000 crore in Telangana.
Oval Projects received a Letter of Award for setting up a 50-bed drug de-addiction centre in South Tripura.
Dilip Buildcon, in partnership with NALCO, secured the Pottangi bauxite mining project, with a base mining charge of ₹423/tonne for 25 years.
IRB Infrastructure reported November toll revenue of ₹716 crore, up 16% YoY.
Sri Adhikari Brothers signed a ₹4,000 crore MoU with the Telangana government to develop an AI and hyperscale green data centre campus.
Fabtech Tech Cleanrooms posted ₹45.27 crore worth of new orders in November.
Dhruv Consultancy secured an NHAI project worth ₹6.03 crore in Tamil Nadu.
Highway Infrastructure won a major NHAI contract worth ₹328.77 crore.
NTPC Green declared commercial operations of 6.6 MW from its 100 MW hybrid project in Bhuj.
Graphite India partnered with Kivoro to introduce graphene-based heat technology to India.
Krystal Integrated secured a ₹9 crore contract from Jindal Steel.
Sammaan Capital received CCI approval for Avenir’s stake acquisition.
Pine Labs’ Setu platform has enabled bill payments on ChatGPT and Claude AI.
Financials and Corporate Updates
Swiggy opened its QIP, setting a floor price of ₹390.51 per share.
InterGlobe Aviation (IndiGo) received a tax demand of KWD 448,793 (₹13.16 crore) from Kuwaiti authorities, which the company termed “erroneous.”
Reliance Communications said its accounts have been classified as ‘fraud’ by Union Bank of India.
Zaggle Prepaid Ocean Services acquired 100% of Greenedge Enterprises.
GEM Enviro Management saw top-level management changes with the resignation of its Managing Director.
Stratmont Industries completed the acquisition of 99% in Stratmont Coal and Commodity Pvt Ltd.
GMM Pfaudler had its credit ratings reaffirmed by ICRA.
Anupam Rasayan approved the $155 million acquisition of Monitchem Kansas Sàrl and subsidiaries.
CarTrade received a ₹14.8 crore GST show-cause notice.
HUDCO aims to raise up to ₹65,000 crore via bonds/debentures in FY26.
Sudeep Pharma extended a ₹40 crore unsecured loan to its subsidiary.
Jaykay Enterprises invested ₹2 crore into preference shares of JK Defence & Aerospace.
Equitas SFB had its ratings reaffirmed by India Ratings.
ACME Solar commissioned 16 MW wind power capacity in Gujarat.
JSW Energy saw GQG Partners offload nearly 1% stake for ₹677 crore.
Adani Enterprises’ ₹24,900 crore rights issue closes today.
Grasim will see GIP invest up to ₹3,000 crore for a minority stake in Aditya Birla Renewables.
TVS Supply Chain Solutions approved ₹100 crore investment in its 3PL arm FIT.
Regulatory, ASM & Corporate Actions
ASM Framework Updates
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Short-term ASM additions: Kesoram, Kaynes
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Ex-date today: Garodia Chemicals (Resolution Plan – Suspension)
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Ex-date Friday:
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Mrs Bectors Food (Stock split 10 → 2)
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Bharat Rasayan (Bonus 1:1; Stock split 10 → 5)
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NACL (Rights Issue)
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Nureca (Buyback)
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VLS Finance (Buyback)
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Aviation Spotlight
The government has ordered a 10% cut in IndiGo’s daily operations as scrutiny over compliance and processes intensifies.
Disclaimer: This report is compiled strictly from exchange filings, company announcements, and publicly available information. It is intended for news and informational purposes only and does not constitute investment advice or stock recommendations.
