|
|
|
February 25, 2026 LATEST NEWS >> 12:00 PM Coforge Limited announced that it has secured a
five-year contract valued at $158 million from a UK-based client. Services
under the contract are set to commence in April 2026, with revenue expected
to accrue evenly over the five-year duration. The company anticipates a
material expansion of ancillary revenue from the same client around this core
contract over the next five years. TOP NEWS HEG: Graphite electrode maker HEG Ltd said
its wholly owned subsidiary, TACC Ltd, has entered a long-term partnership
with INOX Air Products Private Ltd (INOXAP), for the supply of nitrogen.
Under the agreement, INOXAP will set up a dedicated onsite nitrogen plant at
TACC's upcoming greenfield manufacturing facility in Dewas,
Madhya Pradesh. The facility will produce lithium-ion battery-grade graphite
anode material. TACC, one of the leading players in advanced carbon
materials, specializes in developing battery-grade synthetic graphite anode
materials required for electric vehicles and energy storage systems.
Positive Tata Steel: Tata Steel will commence
operations at its new manufacturing plant in Ludhiana from March, providing a
major boost to industrial growth in the state. The project shows the
increasing confidence of industry in the state's policies and governance. The
plant, coming up near HiTech Valley, will have a
0.75 MTPA Electric Arc Furnace-based steelmaking facility, along with a rebar
mill. The project is spread over 115 acres. The initial investment of Rs
2,600 crore has now increased to Rs 3,200 crore, as reported. Positive Lupin Ltd. :
Company announced that it has received approval from the US Food and Drug
Administration (USFDA) for its Abbreviated New Drug Application (ANDA) for
Brivaracetam Oral Solution 10 mg/mL. Brivaracetam
is bioequivalent to Briviact Oral Solution 10 mg/mL
of UCB, Inc. and is indicated for the treatment of partial-onset seizures in
patients aged 1 month and older. Following the approval, Lupin has initiated
the launch of Brivaracetam Oral Solution in the United States. Biocon Limited: The company has secured U.S.
FDA approval for its Liraglutide Injection (gSaxenda?)
for chronic weight management, marking a significant regulatory milestone.
The GLP-1 therapy targets a US $127 million market opportunity and represents
validation of Biocon's complex formulation capabilities in the fast-growing
weight management therapeutic segment. Laurus Labs: The company received NCLT
approval for its composite scheme involving restructuring of wholly-owned subsidiaries. The scheme includes demerger of
Laurus Synthesis Private Limited's Unit-1 into Sriam
Labs and amalgamation of remaining operations with the parent company.
Creditor meetings are scheduled for April 2026 to complete the regulatory
process IRFC: The Government of India is set to sell
up to 26.13 crore equity shares (2 percent stake) on February 25–26, with an
option to additionally sell up to another 26.13 crore shares (2 percent
stake) through a separate window of the BSE and the National Stock Exchange
of India. The floor price for the offer for sale has been fixed at Rs 104 per
share. CMP Rs. 109,
so floor price is on discount by 4-5 pct so negative for the stock Powergrid: The
Cabinet Committee on Economic Affairs has increased the permissible equity
investment limit of Power Grid from the current threshold of Rs 5,000 crore
per subsidiary to Rs 7,500 crore per subsidiary, while retaining the existing
cap of 15 percent of the company’s net worth. The higher limit expands
Powergrid’s headroom to back capital-intensive transmission schemes,
particularly ultra high voltage alternating current
(UHVAC) and high voltage direct current (HVDC) corridors. Himadri Specialty
chemicals: Announced that the commercial operations of the expanded capacity
of 70,000 TPA has commenced at the company's manufacturing facility situated
at Mahistikry, Hooghly, West Bengal. Consequent to
the above expansion, the Company's total Carbon Black manufacturing capacity
stands enhanced to 2,50,000 MTPA, including Specialty Carbon Black capacity
of 1,30,000 MTPA at the Mahistikry site. Schaffler India:
Profit surges 35.9% to Rs 322.4 crore Vs Rs 237.3 crore Revenue grows 27.5%
to Rs 2,724.2 crore Vs Rs 2,136 crore Board recommends dividend of Rs 35 per
share for 2025. HG Infra: The
company has been declared the lowest bidder by NHAI for a project worth Rs 1,582
crore. The project involves the construction of a new six-lane,
access-controlled Capital Region Ring Road (Package-III) from Gobindpur (NH-55) to Tangi near Bandola Toll Plaza
(NH-16) in Odisha under the Hybrid Annuity Mode. RVNL: The company
has received a Letter of Acceptance (LoA) for an
order worth Rs 270.22 crore from Central Railway. The order involves the
design, supply, erection, testing, and commissioning of a 220/132/55 KV
traction substation, sectioning posts (SPs), and sub-sectioning posts (SSPs)
in a 2 x 25 KV traction system (Scott Connected Transformer) for the Daund–Solapur section of Central Railway. MACRO WRAP ·
The
DJIA, the S&P500, and the Nasdaq Composite Index rose 0.8%, 0.8%, and 1%
respectively. The Eurostoxx 50 was unchanged. The
Dollar Index edged up 0.1% to 97.84 The US 2Y yield rose 2bp to 3.46% and the
10Y yield was flat at 4.03%. The German 10Y yield was unchanged at 2.71%. The
UK 10Y yield dipped 1bp to 4.31%. ·
Brent
crude oil prices fell 1.0% to USD70.77. Gold fell 1.6% to USD5,144 after
climbing by over 8% in the past four sessions. Silver fell 1.2% to USD87.16.
Bitcoin fell nearly 1% to USD64,047. ·
India’s dependence on imported crude oil climbed to
more than 88.5% during the first 10 months of FY26, FY25, the country’s
reliance on imported crude was 88.3%. negative for Inr.
·
US
consumer confidence increased by 2.2 points to 91.2 in February despite affordability
and labor market concerns, per Conference Board
data. It's still below the peak from November 2024. ·
The
S&P Case-Shiller 20-City Home Price Index rose 1.4% year-over-year in
December 2025, indicating a cooling housing market as gains lagged behind 2.7% inflation. Chicago led with a 5.3%
increase, while Tampa fell 2.9%. Sun Belt markets like Phoenix, Dallas, and
Miami also saw declines. Sentimentally positive for USD. ·
US
private employers added an average of 12,750 jobs per week in the four weeks
ending February 7, 2026, up from 11,500 previously, per ADP. This marks the
fastest hiring pace since late November, indicating accelerating job growth.
Sentimentally positive for USD. ·
The UK
CBI retail sales balance fell to -43 in February 2026, with sales described
as “poor.” Sentiment is low, leading to reduced investment and employment.
Retail prices grew normally, while online sales surged. Inventory management
is cautious amidst weak demand and rising costs. Sentimentally negative for
GBP. INVESTMENT CALL Sector
update: Q3FY26 Consumer Goods Review – On a recovery path
OTHER NEWS Lemon Tree Hotels Limited
(LTHL): The company announced the signing of a new hotel in Najibabad, Uttar Pradesh, marking its 25th property in
the State. LTHL currently operates 8 hotels in Uttar Pradesh, with 17 more in
the pipeline, including this latest signing. The upcoming Lemon Tree Hotel, Najibabad will be managed by Carnation Hotels Private
Limited, a wholly owned subsidiary of LTHL. The hotel will feature 100
well-appointed rooms, a restaurant, banquet hall, conference room and
recreational amenities including a fitness centre, swimming pool and spa. Positive Samhi Hotels: Duet India Hotels
(Navi Mumbai) Private Limited, Samhi's wholly owned
subsidiary, has signed operating agreements with Marriott Hotels. The brands
signed as part of the agreements include: - ~350 room Upper Upscale
hotel – Westin in Navi Mumbai - ~350 room Upper Mid-Scale
hotel - Fairfield by Marriott in Navi Mumbai. Positive Jindal Stainless: Acquisition of 815,607
equity shares worth Rs 6399.30 lacs by promoter group as company have
informed to exchanges. This transaction have
increased the promoter's holding. Positive Hindalco: Aditya Birla Group's metals arm,
Hindalco Industries Ltd announced that its wholly owned subsidiary, Novelis
Inc, has entered into a subscription agreement with AV Minerals (Netherlands)
NV. Neutral General
Insurance Corporation of India: The Financial Services Institutions Bureau
(FSIB) has recommended the name of Hitesh Rameshchandra
Joshi for the position of Chairman and Managing Director (CMD) at General
Insurance Corporation of India. 5Paisa Capital: The Board has approved the
raising of funds worth Rs 475 crore through the issuance of equity shares via
a rights issue. |
|
|
