Stocks in news: Adani Ports, SJS Enterprises, Federal Bank, RIL, Tata Motors PV
The Economic Times·2025-12-24 00:41

Company Developments - Adani Ports and Special Economic Zone (APSEZ) has raised its earnings and cargo volume outlook after acquiring Australia's North Queensland Export Terminal, revising its FY26 EBITDA guidance to Rs 22,350–23,350 crore from Rs 21,000–22,000 crore, and increasing cargo volume guidance to 545–555 million metric tonnes from 505–515 million tonnes [2][9] - Federal Bank received clearance from the fair trade regulator CCI for US-based Blackstone's proposal to acquire a 9.99% stake through warrants [4][9] - Aurobindo Pharma will acquire an additional 20% stake in its China-based joint venture for $5.12 million, entering into a binding agreement with Shandong Luoxin Pharmaceutical Group [5][9] - Biocon Biologics Ltd has secured full and exclusive global rights for the biosimilar Hulio (Adalimumab) from Fujifilm Kyowa Kirin Biologics, assuming end-to-end responsibility for manufacturing and commercialization [7][10] - SJS Enterprises executed a Technology License cum Supply Agreement with BOE Varitronix Limited for the optical bonding and assembly of automotive display systems in India, aligning with its strategic expansion plans [8][10] - Shree Cement has withdrawn the lockout at its Baloda Bazar cement plant after reaching an amicable settlement with workers [6][10] - Tata Motors Passenger Vehicles outlined an aggressive electric vehicle expansion plan, targeting a market share of 45-50% in India's EV segment by introducing five new EV nameplates by FY30 [5][10] Market Overview - Analysts expect some consolidation in the index after a recent rebound, but the overall market tone is anticipated to remain positive [1][9] - Markets traded in a subdued manner on the weekly expiry day, ending almost unchanged, with global cues dictating market direction [9]