Things I read yesterday as part of my stock research activities.
New Orders Received
🟢 Olectra Greentech’s associate Evey Trans secured a ₹1,800 Cr order from Telangana RTC for 1,085 electric buses (1,025 non-AC, 60 AC). The 12-year GCC contract includes supply over 20 months and maintenance.
🟢 Pace Digitek receives a ₹158.71 Cr purchase order from Reliance Industries Limited for Li-ion 48V battery packs.
🟢 Patel Engineering declared L1 for a ₹133.25 Cr irrigation project by Maharashtra Krishna Valley Development Corp with a company share of ₹67.96 Cr.
🟢 LTIMindtree wins a $100 million (₹900 Cr) deal with a European medtech company spanning seven years for product development and support for hearing solutions.
Partnerships, Investments & Acquisitions
🟢 Adani Enterprises’ Adani Defence & Aerospace and Embraer exchange an enhanced MOU on FAL and propose an E175 final assembly line in India.
🟢 Hindustan Zinc Limited signs a strategic MOU with Tripura Group to fast-track zinc park development in Rajasthan to create India’s first integrated downstream zinc industrial hub.
🟢 Intellect Design Arena and IDCUBE launch Purple Fabric-powered enterprise security teamspace to bring agentic AI into physical security and enterprise operations.
Core Business & Regulatory
🟢 Bharti Airtel to capitalise NBFC Airtel Money with ₹20,000 Cr with 70% funding from Airtel and 30% via Bharti Enterprises.
🟢 One MobiKwik receives BSE approval to launch stock broking business.
🟢 Urban Company's InstaHelp crosses 50,000 daily bookings in less than a year since its March 2025 launch, scaling across five major metros.
🟢 Axis Bank clarifies it has neither submitted nor intends to submit any bid for acquiring a stake in CreditAccess Grameen Limited.
🔴 Bharat Petroleum Corp receives a ₹1,816.65 Cr tax demand from the Commissioner of Central Tax and Central Excise.
Economy, IPO & Other
🟢 RBI Chief clarifies there is no systemic issue at IDFC First Bank and no systematic risk from IDFC First Bank fraud.
🟢 Tamil Nadu Cabinet cleared incentives for 46 projects worth ₹31,592 Cr including Dixon, SFO Technologies and Vikram Solar units.
🟢 The Cotton Corporation of India has procured cotton worth ₹12,823 crore from farmers in Telangana this season, supporting prices and farmer incomes amid delayed arrivals and surplus stock. To reduce inventory and boost mill buying, CCI has again cut its cotton sale prices to spur demand in the domestic market.
🟢 India’s mutual fund industry’s AUM has surged to 32% of total bank deposits. Also, Unique MF investors climbed 13% to 6.02 crore, signaling increasing retail penetration.
🟢 Star Health said new policy demand rose 50% after GST cut on health insurance.
🔴 Trump warns any country that plays games with the Supreme Court tariff decision will face much higher tariffs and worse consequences.
That’s it for today.
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Disclaimer: Anand Ganapathy K is a SEBI-registered Research Analyst with SEBI registration number INH000016630. This post is purely for learning purposes. We do not recommend buying or selling stocks mentioned in this newsletter. Securities market investments carry market risks. Kindly review all related documents before investing.