Markets Summary & Key Developments Across Companies

Updated: March 05, 2025 09:06

Image Source: The Secretariat News

Today's Market at 08:45am

US Market (Futures)

Nasdaq = +149.60

Dow Jones = +238.80

S&P 500 = +40.00

European (Futures)

Ftse 100 = -43.60

Cac 40 = -8.00

Dax = -11.70

Asian

Nikkei 225 = +132.50

ASX 200 = -70.90

Straits Times = +8.34

Hang Seng = +339.23

KOSPI = +18.85

Taiwan weighted = +269.51

China A50 = +12.73

Gift Nifty = 22132.00 (+62.00)

FII and DII Trading Activity for March 3, 2025 in Cash market:

FIIs: Net Sell of ₹3405.82 crore

DIIs: Net Buy of ₹4851.43 crore

Biocon: Biocon Pharma received final US FDA approvals for Lenalidomide capsules (for multiple myeloma, mantle cell lymphoma, and anemia) and Dasatinib tablets (for chronic myeloid leukemia). It also secured tentative approval for Rivaroxaban tablets, used for deep vein thrombosis and pulmonary embolism.

Coforge: Coforge signed an agreement with Sabre Corporation to enhance product delivery and develop AI-enabled solutions.

Adani Wilmar: The company is acquiring GD Foods Manufacturing (India), owner of the 'Tops' brand, in multiple tranches: 80% upfront and the remaining 20% over three years.

Ola Electric Mobility: Received a notice from IFCI regarding the non-achievement of a project milestone. Ola Cell Technologies is working under the PLI ACC scheme with the Ministry of Heavy Industries.

GE Vernova T&D India: Secured Rs 500 crore orders from Power Grid Corporation for transformer and reactor supply.

Power Grid Corporation of India: Won bids for three inter-state transmission projects under the BOOT model, including projects in Rajasthan and Kurnool.

Grasim Industries: Started commercial production of Birla Opus Paints at its Mahad plant. Now, 5 of 6 greenfield plants are operational, reaching a capacity of 1,096 MLPA.

RHI Magnesita India: Subsidiary Intermetal Engineers (India) acquired 100% of Ashwath Technologies for Rs 14 crore.

Apollo Hospitals Enterprise: Planning a comprehensive Oncology Centre featuring India’s first Proteus One Proton System at a cost of Rs 250 crore over three years.

Walchandnagar Industries: Acquiring a 60.3% stake in AiCitta Intelligent Technology, specializing in unmanned ground vehicles (UGVs).

Saint-Gobain Sekurit India: CFO Jeyendran Jayaseelan resigned, effective March 25, 2025.

ABB India: ABB Motion Ventures made a strategic investment in AI startup UptimeAI to improve industrial asset management.

Mindteck India: MD & CEO Anand Balakrishnan resigned, effective May 31, 2025.

Ambuja Cements: CCI approved its 72.8% stake acquisition in Orient Cement.

Welspun Specialty Solutions: BHEL (Trichy) selected Welspun as the L1 bidder for a Rs 231.77 crore contract to supply 4,050 tons of stainless steel seamless boiler tubes for supercritical thermal power projects.

Walchandnagar Industries: Acquiring a 60.3% stake in AiCitta Intelligent Technology, specializing in unmanned ground vehicles (UGVs).

Saint-Gobain Sekurit India: CFO Jeyendran Jayaseelan resigned, effective March 25, 2025.

ABB India: ABB Motion Ventures made a strategic investment in AI startup UptimeAI to improve industrial asset management.

Mindteck India: MD & CEO Anand Balakrishnan resigned, effective May 31, 2025.

Ambuja Cements: CCI approved its 72.8% stake acquisition in Orient Cement.

Oil and Natural Gas Corporation (ONGC): Subsidiary ONGC Green acquired PTC Energy for Rs 925 crore, gaining 288.8 MW wind generation capacity with 157 wind turbines.

JSW Energy: CCI approved its acquisition of KSK Mahanadi Power Company.

Rail Vikas Nigam: Received a Rs 729.82 crore contract from HPSEBL for power distribution infrastructure in Himachal Pradesh.

Force Motors: Reported 3,600 unit sales in February 2025, a 46.28% YoY growth.

Bulk Deals

Avanti Feeds: IIFL Facilities Services acquired 4.38% stake at Rs 728/share, worth Rs 435.15 crore.

Banswara Syntex: Cofipalux Invest S.A. sold 2.92% stake at Rs 121.66/share, worth Rs 12.16 crore.

SpiceJet: Plutus Wealth Management LLP acquired 0.7% stake at Rs 46/share, worth Rs 41.4 crore.

Source: Moneycontrol, Investing.com, NSEINDIA

Coforge: Coforge signed an agreement with Sabre Corporation to enhance product delivery and develop AI-enabled solutions.

Adani Wilmar: The company is acquiring GD Foods Manufacturing (India), owner of the 'Tops' brand, in multiple tranches: 80% upfront and the remaining 20% over three years.

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