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February 21, 2025
- MARKET THIS WEEK ; Benchmark Indices Fall For The 2nd Straight Week, Midcap Outperforms
- Auto & Pharma Stocks Are The Worst Performers For The Week On Trump Tariff Concerns
- Nifty FMCG Down Nearly 2% For The Week On Consumption Slowdown Concerns
- Nifty Metal Up More Than 5%, On Hopes Of New US, China Trade Deal
- M&M Posts Worst Weekly Performance In Nearly 3 Years, Down More Than 9%
- M&M, Bharti Airtel, TCS Are Top Nifty Losers
- Bharat Dynamics, Coforge, Biocon Are Top Midcap Loser
- JTL IND : JTL Industries signed an MOU with RCI Industries to produce up to 200 MT/month of copper and brass alloys on a job-work basis.
- RCI, a listed company with a ₹9 crore market cap, operates a 15,000 MTPA plant in Baddi, Himachal Pradesh.
- JTL's strategic acquisition aligns with its expansion into defense supplies, supporting India's "Make in India" initiative.
- Upon NCLT approval, the plant will be fully owned by JTL and is expected to boost revenue by FY27.
- POWER STOCKS ; Power Minister Says Power supply to rural & urban India has reached 22.6 hrs & 23.4 hrs per day, respectively in 2025 - ETNOW
- India will add 42 GW new renewable energy capacity by 2026
- Govt is making all possible efforts to increase transmission capacity
- Land for transmission projects will now be acquired at market rates instead of circle rates
- Have plans to invest ₹40,000 cr on under Sea transmission cables to export electricity
- Power Minister Says Avg AT&C losses have decreased to 16.2% in 2025
- Have set a target to reduce AT&C losses to 10% by 2030
- States have been advised to list DISCOMs on stock exchanges, it is crucial for their fin viability
- No plans to increase the installed capacity of gas-based power plants
- Gas-based power plants to remain at 24,000 MW by 2030
- India aims to launch carbon market around mid-2026
- RVNL ; Rail Vikas Nigam Ltd. emerged as the lowest bidder for a South Western Railway EPC contract involving 2x25 KV OHE, PSI systems, and telecom works between Rayadurga and Topavagada.
- UJJIVAN SFB ; Bank's board committee approved the sale of ₹364.51 crore in NPAs and written-off loans to an ARC, with a 66.51% provision on the pool.
- OPTIEMUS INFRACOM: Approved the acquisition of 2.38 crore equity shares in BIGTech through a rights issue for ₹23.8 crore.
- Note ; BIGTech is setting up its manufacturing facility in Tamil Nadu for manufacturing of finished cover glass for use in mobile consumer electronic devices, and other cover glass applications, to meet the needs of next-generation mobile consumer electronic devices.
- LUPIN ; Lupin received an Establishment Inspection Report (EIR) from the U.S. FDA for its Somerset, New Jersey facility after a January 2025 inspection.
- ADANI GREEN ; Adani Green's subsidiary Adani Green Energy Twenty Four Limited (“AGE24L”) commissioned a 250 MW solar project in Jaisalmer, raising AGEL’s total renewable capacity to 11,916.1 MW.
- MEDICAMEN BIOTECH; BOARD MEET ON 26 FEB TO CONSIDER FUND RAISING VIA EQUITY SHARES
- NIVA BUPA ; An anonymous sender claims to have Niva Bupa's customer data.
- An investigation is underway, with measures to mitigate risks.
- MoS Satish Chandra Dubey Says Govt Aims To Put Max Number Of Critical Blocks On Auction By 2031 - PTI
- BSE , ANGEL ONE , 5 PAISA, CDSL : SEBI Official Says No plan for any more restrictions on F&0 trade
- BHARTI AIRTEL ;Airtel Africa Mauritius Limited (AAML), a Bharti Airtel subsidiary, is increasing its stake To Upto 5 % in Airtel Africa, where it currently holds 57.29%.
- BRIGADE ENT ; Brigade Group Submits EOI Worth ₹ 1500 Cr at Invest Kerala Global Summit
- To generate 12,000+ employment in the State; Projects to be completed by 2030
- Brigade plans to expand in Kerala with a second WTC, a residential project in Kochi, and a luxury island resort in Vaikom, aiming for completion by 2030.
- It recently signed an MoU with Technopark for a WTC in Thiruvananthapuram and is expanding WTC Kochi.
- The total investment is around ₹1,500 crore.
- DHUNSERI INVESTMENT: CO. to Sell “Hatibari Tea Factory” To M/s. Hatibari Tea Company For Rs 6.3 Cr
- KROSS ; MR. SUDHIR RAI, PROMOTER AND CHAIRMAN & MANAGING DIRECTOR OF THE COMPANY, HAS ACQUIRED 0.025 % STAKE TODAY VIA OPEN MARKET
- FIEM IND ;Company has received a sum of Rs. 20 Crores as 2nd interim payment / ad-hoc payment from the Insurer.
- The final assessment of the claim is under process and will be updated in due course of time.
- Power Sec Says Discussing issues related to power purchase agreements with the states
- We have held meetings with the northern states
- States like Uttar Pradesh and Madhya Pradesh are signing power purchase agreements
- However, various states are coming out with their own bids
- States like Gujarat and Rajasthan are making their own arrangements
- These states are making their own arrangements and not approaching SECI
- Power Ministry will write to states to ensure sufficient agreements to maintain adequacy
- States must ensure an adequate power supply to consumers
- GREAVES COTTON; Mr. Narinder Pal Singh has been appointed as Business Head – E-Powertrain in the Company w.e.f. today i.e., 21st February, 2025.
- Mr. Singh has over 21 years of total experience in the automotive industry. He has worked at various organisations including Varroc Engineering Limited, Gabriel India Limited, Lifelong India Limited, Motherson Sumi Systems Limited.
- SOLARA ACTIVE: Resignation of Mr. Poorvank Purohit as the Chief Executive Officer & Managing Director of the Company
- Appointment as an Additional Director - Managing Director (“MD”) and Chief Executive Officer (“CEO”) on the Board of Directors of the Company with effect from February 21, 2025 for a term of 3 year
- SOLARA ACTIVE: Mr. Sandeep Rao Appointed as an Additional Director - Managing Director (“MD”) and Chief Executive Officer (“CEO”) on the Board of Directors of the Company with effect from February 21, 2025 for a term of 3 year
- GMR AIRPORT: PROMOTER BOUGHT ADDITIONAL 0.02 % STAKE ON 19 FEB VIA OPEN MARKET
- VEDANTA: The Madhya Pradesh Geology & Mining Department invited bids for the Kauhari Diamond Block via e-auction on Nov 25, 2024.
- The Company participated and was declared the 'Preferred Bidder' on Feb 20, 2025, with a highest Final Price Offer of 1.10%. The block, at G4 exploration level, spans 643.4169 hectares.
- AMI ORGANICS: BOARD APPROVED STOCK SPLIT OF 1 SHARE INTO 2 SHARES
- FUSION FINANCE: ICRA Limited, the Credit Rating Agency, has downgraded its credit rating To [ICRA]A-(Negative); Downgraded from [ICRA]A(Negative)
- JAGSONPAL PHARMA; Company had received the warning letter dated February 05, 2025 from USFDA regarding observations during the inspection of contract manufacturing facility of Jagsonpal.
- Sale of INR 3.5 Cr. (1.46% of sales) till date in current fiscal year
- The company supplies only one OTC API to US and has zero pipeline of products.
- MAHINDRA EPC ; WINS RS 11.1 CR ORDER
- Company has been awarded contracts for Supply of Micro Irrigation Systems for 2223 H A approx.