22 stocks to watch: Pharma majors, Tata group, SBI, Kotak Mahindra Bank, Varroc, Thomas Cook, Vikram Solar
BusinessLine·2026-03-23 01:34

Generic Drug Launch - At least seven major drugmakers have launched generic versions of semaglutide following the expiration of its patent, with a total of eight branded generic versions announced for obesity and diabetes indications [1] Tax Demand Notices - State Bank of India has received an income tax demand notice of Rs 6,337.5 crore, which it plans to challenge [2] - Tata Capital has received a reassessment order demanding Rs 413.18 crore for the financial year 2017-18, including interest of Rs 202.72 crore [7] Investment and Fund Infusion - Kotak Mahindra Capital Company will divest 30.99% of its shareholding in Infina Finance for approximately Rs 1,294 crore [3] - Ashok Leyland's board has approved an investment of up to GBP 30 million (about Rs 375 crore) in its UK subsidiary, Optare Plc [8] - Devyani International DMCC has approved an investment of THB 1,210 million (Rs 347.3 crore) to strengthen the balance sheet of Restaurants Development Co Ltd [9] Expansion and Innovation - Wipro Ltd has launched its Wipro AI-Data Centre solution to accelerate AI adoption and modernize data center environments [4] - Infosys and Formula E have launched an AI-powered Race Centre to enhance the race-day experience for fans [5] - BharatRohan Airborne Innovations Ltd is expanding its dealer network to grow its drone services and bio-products business [12] - Varroc Engineering has initiated the Eureka Challenge 3.0 to engage engineering minds in solving mobility challenges [11] Mergers and Demergers - Thomas Cook (India) Limited has approved a proposal to demerge its Resorts and Resort Management business into Sterling Holiday Resorts Ltd [13] - Veranda Learning Solutions is moving forward with its proposed commerce vertical demerger and separate listing of J.K. Shah Commerce Education Limited [14] Order Wins - RailTel Corporation of India Ltd has received a Letter of Acceptance for a manpower outsourcing order valued at Rs 24.53 crore [17] - Airfloa Rail Technology has secured an order worth Rs 22.91 crore for the Chennai Metro Rail Project [18] - DCX Systems Limited has received an order for Maritime Patrol Radar Systems valued at Rs 563.45 crore [19] - Simplex Castings Ltd has won an order from SMS Group valued at Rs 23.13 crore [21] - Ceigall Infra Projects has emerged as the L1 bidder for a construction order from the National Highways Authority of India worth Rs 603 crore [22]