Daily Bulletin 29-May-25
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📍 ORDER WIN
* STERLING & WILSON: Wins 225 MW solar EPC order in Gujarat.
* TEXMACO RAIL: Bags ₹140.55 Cr wagon order from the Railway Board.
* WAAREE ENERGIES: Secures \$176M order for 586 MW solar modules from U.S. developer.
* RAJSHREE POLYPACK: Wins ₹1.85 Cr order for plastic rigid sheets.
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📍 ACQUISITION
* RELIANCE: Joins bid to acquire Castrol’s lubricant business.
* ULTRATECH CEMENT: Completes 100% acquisition of Wonder WallCare Pvt Ltd.
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📍 COLLABORATIONS / PARTNERSHIPS / DEALS
* WARDWIZARD INNOVATIONS: Lease deal to supply 7500 Wolf+ scooters to Xicon International.
* PANORAMA STUDIOS: Production deal with Digital 18 Media for *Drishyam 3*.
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📍 LEADERSHIP / GOVERNANCE / LEGAL
* INDUSIND BANK: Board advised to file police complaint in insider trading case.
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📍 NEW PROJECTS / FACILITIES / EXPANSION
* VARUN BEVERAGES: Starts commercial production at Meghalaya facility.
* NTPC JV (W/ BHEL, POWER MECH): Gets nod for 2800 MW atomic power project at Mahi Banswara.
* REC: Incorporates subsidiary for UP power evacuation project.
* IGI: Sets up 100% subsidiary in Dubai for lab expansion.
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📍 FUNDRAISING / CAPITAL PLANS
* YES BANK: To consider fundraising via equity or debt on June 3.
* MAN INDUSTRIES: ₹600 Cr capex planned in Saudi Arabia.
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📍 STAKE / OWNERSHIP CHANGES
* MAN INDUSTRIES: Allots 25 lakh shares to promoter group; stake rises to 48.21%.
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📍 CREDIT / RATINGS / ESCROW / BONDS
* MTNL: Funds escrow account for June 1 interest payment on 7.87% Bond Series VII-B.
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📍 IPO / LISTING / CAPITAL MARKET
* *(No specific IPO or listing activity noted in the news list.)*
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📍 SUBSCRIBER DATA
* BHARTI AIRTEL: Adds 1.70 lakh subscribers in April (down from March).
* VODAFONE IDEA: Loses 6.48 lakh subscribers in April (vs March).
* RELIANCE JIO: Adds 26.44 lakh subscribers in April (up from March).
* BSNL: Loses 1.55 lakh users in April (vs gain in March).
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📍 USFDA / REGULATORY APPROVALS
* ASTRAZENECA: Indian approval for new use of Tagrisso in Stage III NSCLC.
* ORCHID PHARMA: Receives USFDA EIR with VAI status post inspection.
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📍 CLARIFICATIONS / LEGAL PROCEEDINGS
* VEDANTA: NCLAT stays NCLT rejection of reorganization scheme.
* CEIGALL INDIA: DRB rules ₹7.2 Cr in favor, ₹1 Cr against in NH-54 dispute.
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📍 INCIDENTS / ACCIDENTS
* ELECTRONICS MART: Fire incident disrupts godown operations in Andhra Pradesh.
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📍 SHUTDOWNS / SUSPENSIONS
* ANDHRA SUGARS: Shuts Tanuku unit and suspends Bhimadole operations.
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📍 CAPEX / EQUIPMENT PURCHASE
* CROWN LIFTERS: Orders 150 MT crawler crane worth ₹3.54 Cr; FY25 crane capex hits ₹10.03 Cr.
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📍 PRODUCT LAUNCH / INNOVATION
* COFORGE: Launches Quasar GenAI Central & Quasar Marketplace.
* WIPRO: Launches Wipro Innovation Network, opens AI innovation lab.
* TVS MOTORS: Launches Jupiter 125 Dual Tone SXC with new features.
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📍 GOVERNMENT & POLICY
* SHIPPING CORPORATION (SCI): Govt reports robust growth in shipping sector.
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