Group 1: Market Developments - InterGlobe Aviation (IndiGo) will be included in the BSE Sensex index effective December 22, while Tata Motors Passenger Vehicles Ltd will be removed from the index due to its recent demerger [1] - Apollo Micro Systems Ltd received an export order worth $1,892,500 (₹16.98 crore), indicating its expanding international market presence [3] - Ayana Renewable Power secured a 140 MW capacity for renewable energy projects at a competitive tariff of ₹4.35/kWh, contributing to India's renewable energy sector [4] Group 2: Corporate Actions - Mobavenue AI Tech Ltd plans to raise approximately ₹100 crore through a preferential issue of equity shares to enhance its AI and data intelligence capabilities [5] - Mahindra & Mahindra Ltd finalized the acquisition of a 43% stake in Mahindra – BT Investment Company for ₹66.33 crore, reflecting the fair value of the assets [8] - Tata Chemicals Ltd approved investments of ₹135 crore and ₹775 crore to expand manufacturing capacities at its Mithapur and Cuddalore plants, respectively [10] Group 3: Legal and Regulatory Updates - Cognizant Technology Solutions requested a US court to dismiss Infosys' antitrust counterclaims, escalating their legal battle that began in August 2024 [2] - The US Court of Appeals upheld a $194 million fine against Tata Consultancy Services for misappropriating trade secrets from DXC Technology [7] - Lupin reported a US FDA inspection at its Goa facility, resulting in seven observations, which the company plans to address [6] Group 4: Project Developments - Rail Vikas Nigam Ltd emerged as the lowest bidder for a Northern Railway project, which will be completed over 24 months [11] - NBCC (India) Limited secured a contract from Canara Bank for constructing a new office building valued at approximately ₹45.09 crore [12] - H.G. Infra Engineering and Kalpataru Projects International were declared L-1 bidders for a project with a bid cost of ₹1,415 crore [13]
TCS, IndiGo, Tata Motors PV, Infosys, Apollo Micro, M&M, NTPC Green, Lupin, Adani Enterprises, HUDCO, Shilpa Medicare, HG Infra, RVNL, Mobavenue, NBCC, Natco Pharma will be in focus