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November 28, 2025 TOP NEWS Ashoka Buildcon has received a Show
Cause Notice from NHAI regarding the girder collapse incident on the Aroor–Thuravoor NH-66 elevated corridor project, which resulted
in a fatality. NHAI has temporarily suspended the
company from participating in ongoing and future bids for one month or until
the expert committee completes its investigation. The notice was received on
November 26, 2025. Negative TCS: The IT company announced a five-year deal with SAP to drive
enterprise-wide Cloud and Generative AI transformation. Under the
partnership, the company will streamline SAP’s IT landscape, enable smoother
operations, and strengthen AI-led capabilities—aiming for faster development
cycles, lower costs, and better alignment between IT and business goals. Wipro: The company announced a multi-year deal with Odido Netherlands B.V. to modernise its IT landscape and
enhance customer experience across enterprise and consumer segments. The
partnership will use AI-led solutions to boost engagement, productivity
and operational efficiency. It also adopts a self-funded model, where
productivity savings are reinvested to support ongoing digital innovation. Lodha Developers: The Supreme Court has ordered the refund of
Rs.520.8 crore (plus interest) to Lodha Developers and confirmed Lodha as the
legitimate successful Resolution Applicant of V Hotels. The ED will have no
lien on VHL’s properties. Positive Eureka Forbes: The company targets Financial Year 2030 revenue
of Rs 5,400–5,600 crore and Ebitda of Rs 800–850
crore, aiming for over 2x revenue and 3x Ebitda
growth, with its robotics business projected to scale 25x by Financial Year
2030. Positive Zydus Life: The company has received tentative approval from the
United States Food and Drug Administration (USFDA) for Empagliflozin and
Linagliptin tablets, 10 mg/5 mg and 25 mg/5 mg.These tablets, used to improve glycaemic control
in adults with type 2 diabetes mellitus, recorded annual sales of $215.8
million in the United States (as per IQVIA MAT September 2025). Also, the company has signed a memorandum of
understanding to export medicines to Afghanistan. Over time, the company will
relocate its representative office to Afghanistan and begin domestic drug
production. Refex industries: The company receives a Rs 100 crore order from a
large business conglomerate for the supply of bottom ash and related
services. Positive Adani Enterprises: The company’s arms, Adani Defence Systems and
Horizon Aero Solutions, sign a pact to acquire a 72.8% stake in Flight
Simulation Technique Centre for an enterprise value of Rs 820 crore. Positive GAIL: long-awaited transmission tariff revision orders were
issued by the PNGRB. The new transmission tariff levy will be Rs 65.7 per
Million Metric British Thermal Unit (MMBtu), compared to the current Rs 58.6
per MMBtu. This implies a 12% (Street was expecting a 20% increase) increase
in tariffs from the current levels. However the
tariff is lower than Rs 78 / MMBTU expected by the company. Negative read
through for GAIL. Bandhan Bank: The Board has approved the proposal to sell
identified non-performing assets (NPA) amounting to Rs 3,212.17 crore and
written-off portfolios worth Rs 3,719.14 crore through a bidding process
involving Asset Reconstruction Companies (ARC) or permitted transferees. The
loan portfolios belong to the emerging entrepreneurs
business, including group loans, small business and agri
loans, and the aspiring business group of the bank. Sentimentally positive INVESTMENT
CALL Stock update: Jubilant Foodworks – Eyeing volume and store-driven growth Reco:
Buy
Reco. Price: Rs. 606
Price
Target: Rs. 750
Valuation
(Consolidated)
Rs. crore
OTHER NEWS Global
Health : Medanta has
expanded its NCR footprint with a new 550-bed super speciality hospital in
Noida. Located in Sector 50 with metro connectivity, the facility houses 200+
doctors and 25+ super specialities, along with advanced ICUs and operating
theatres. RVNL : The company has received a
Rs. 9.64 crore order from East Coast Railway to supply, install, test, and
commission IP-based video surveillance systems for rolling stock, to be
completed within 180 days. Mahindra
Lifespace : The company has received a Statement of Claim of Rs.
32.96 crore from Parekh & Brothers in an ongoing arbitration, which
includes Rs. 22.22 crore for alleged delay compensation. The company will
contest the claim and file counterclaims, and does
not expect any material financial impact since it believes it has a strong
case. Bajaj
Healthcare: The company has appointed industry veteran Shreekumar Shankarnarayan Nair as its Chief Operating Officer,
effective immediately. Approved via a board circular on November 27, his
appointment brings over 40 years of pharma leadership experience, including
senior roles at Alembic and Glenmark. Positive |
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