Finvezto Market Bytes, 09 Apr 2025
I share the most important stock market related news I read everyday in a bite-sized format. No Noise. No Ads.
PARTNERSHIPS, INVESTMENTS & ACQUISITIONS
🟢 Lemon Tree Hotels signed an agreement for a 63-room hotel in Siliguri, West Bengal, expanding their hospitality footprint in Eastern India.
🟢 Bharat Petroleum Corp and Sembcorp entered a joint venture agreement to explore renewable energy and green hydrogen projects across India, including green ammonia production and bunkering.
🟢 Sasken Technologies acquired Borqs International's hardware and software services business for up to $40 million. This move strengthens Sasken's IoT and 5G portfolio.
🟢 NBCC partnered with RailTel to develop data-centre projects, leveraging core competencies of both organizations.
CORE BUSINESS & REGULATORY
🟢 Godrej Pet Care launched 'Godrej Ninja' with a ₹500 crore investment, aiming to capitalize on India's growing pet ownership and untapped packaged pet food market, targeting significant growth opportunities in this expanding segment.
🟢 Route Mobile's Proximus Global launched 365guard, an AI-powered SMS spam and fraud protection solution, enhancing their security offering portfolio.
🟢 Concord Biotech received approval from the US FDA for marketing 7 mg and 14 mg Teriflunomide Tablets used for treating patients with relapsing forms of multiple sclerosis.
🟢 Cyient has allocated ₹860 crore ($100 million) for its new semiconductor subsidiary, focusing on customized silicon chip solutions for electric vehicles and discoms in global and domestic markets
OTHER
🔴 US Markets witnessed one of the biggest intraday u-turn from green to red yesterday. US Futures down further today.
🔴 Rupee hit two-week low at 86.26 against US dollar.
Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes to understand more about the business. It does not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.