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Vedanta: Company fixed as record date for scheme of arrangement of demerger of Vedanta into 4 companies effective from 1 May 2026.As part of the restructuring, Vedanta Aluminium Metal, and Vedanta Iron and Steel will emerge as independent entities aligned to specific business verticals. The company also noted that Talwandi Sabo Power and Malco Energy will be renamed Vedanta Power and Vedanta Oil and Gas, respectively, subject to regulatory approvals. This demerger event is a positive development for the organization.
TVS Motor: The company has entered into a Joint Development Agreement (JDA) with Hyundai Motor Company for the development, manufacturing, and commercialisation of electric micromobility three-wheelers (including their versions or variants). Additionally, the company announced its official entry into the Zambian market. To strengthen its African footprint, it has appointed Zamoto Manufacturing as its official distributor, ensuring a robust sales, service, and spare parts network across the country.
Hindustan copper: The company outlined a Rs 7,188.60 crore mine expansion plan and unveiled its Corporate Plan – Vision 2030 at its Annual Plan Meeting for FY27 and FY28. The expansion roadmap targets a rise in total ore production capacity from 4.21 million tonnes per annum (MTPA) in FY26 to 12.20 MTPA by FY30. Total milling capacity is projected to increase from 3.81 MTPA in FY26 to 12.20 MTPA by FY30.
E2E networks: Sharp operational perfromace improvement with revenue growing at 184% yoy led by demand for cloud and AI infrastructure services. EBITDA up by 336% yoy but profits are down by 53%. In this business profits remain to be effected as the installation of GPU’s increases the depreciation keeps on increasing effecting profits.
Aditya Infotech Ltd : The company has entered into a 50:50 joint venture with Orient Cables (India) Limited to manufacture electric cables, including LAN and CCTV cables. The JV aims to enable backward integration, improve cost efficiencies, and strengthen supply chain capabilities for the company.
Hindustan Copper: Codelco is in discussions with Hindustan Copper to form a joint venture aimed at developing unexploited copper deposits, wherein the Chilean state-owned miner would contribute one of its undeveloped assets in Chile, While Hindustan Copper would take on the associated capital commitments. Codelco is negotiating a copper venture with Hindustan Copper Ltd. as the Chilean state-owned miner turns to foreign partnerships to develop unexploited deposits.
Rubicon Research Limited: The company has acquired an 85 per cent equity stake in Ahmedabad-based Arinna Lifesciences Limited, marking its entry into India’s domestic formulations market, with a focus on the central nervous system (CNS) therapeutic segment. The transaction values Arinna at an enterprise value of Rs.200 crore on a cash- and debt-free basis. After factoring in net cash and other adjustments, the purchase consideration stands at approximately Rs.175.92 crore for the secondary acquisition, translating to ₹158.53 per share.
Aurobindo Pharmaceuticals : The company’s subsidiary, TheraNym Biologics Pvt Ltd, has expanded its collaboration with Merck Sharpe & Dohme Singapore Trading Pte Ltd (MSD) by signing an additional product schedule under their existing contract manufacturing (CMO) agreement dated May 2024.
Life Insurance Corporation of India: The Board has approved the issuance of bonus equity shares in the proportion of 1:1 to the existing shareholders as on the record date, which shall be announced subsequently. Post the proposed bonus issuance of 1:1, the paid-up equity share capital will increase to Rs 12,649.99 crore from the existing Rs 6,324.99 crore.
Anand Rathi Share and Stock Brokers Q4 (Consolidated YoY): Profit spikes 125.7% to Rs 41.5 crore Vs Rs 18.4 crore. Revenue grows 28% to Rs 255.65 crore Vs Rs 199.6 crore. Net interest income surges 58.3% to Rs 69.8 crore Vs Rs 44.1 crore