Buzzing Stocks : TCS, Quess Corp, Power Grid Corporation, Eris Lifesciences, Omaxe, Kalpataru Projects, Biocon in focus on 7 March.
Tata Consultancy Services (TCS) : The IT services company has signed an expanded deal with Northern Trust, a global financial institution, to centralize and standardize its custody operations across 99 direct and global markets. TCS will deploy its comprehensive TCS BaNCSTM Global Securities Platform for Northern Trust, which has $17.4 trillion in assets under custody and administration as of December 2024.
Power Grid Corporation of India : Power Grid has been declared the successful bidder to establish an inter-state transmission system in Andhra Pradesh. It has received a Letter of Intent for the project, which comprises the augmentation of transformation capacity at the existing Kurnool-III substation and extension works at the existing C’peta substation, along with a 765kV D/C transmission line.
Quess Corp : The business services company has received the approval of the Composite Scheme of Arrangement for the demerger from the National Company Law Tribunal (NCLT), Bangalore, leading to the creation of three publicly listed entities. Upon the demerger, all Quess Corp shareholders on the record date will receive one equity share in each of the resulting companies for every equity share held in Quess Corp.
Tamilnad Mercantile Bank : The bank has revised its one-year marginal cost of funds-based lending rate (MCLR) to 9.60% from 9.75% earlier, and its repo-linked lending rate (RLLR) to 9.25% from 9.45% earlier, effective March 7.
NMDC : The Government of India has appointed Amitava Mukherjee as Chairman & Managing Director on the board of the company, effective March 6.
Eris Lifesciences : As part of Eris Group's internal restructuring of its holdings, the company has transferred 100% of its holdings in two entities—Eris Oaknet Healthcare and Aprica Healthcare—to its subsidiary Eris Therapeutics, for Rs 861.9 crore.
Jindal Stainless : The company has completed the divestment of its 26% stake in Jindal Coke for Rs 194.89 crore. With this, Jindal Coke has ceased to be an associate of the company.
Sudarshan Pharma Industries : Sachin Mehta has resigned as Chief Financial Officer of the company, effective April 1, 2025. However, he will continue as the Joint Managing Director of the company. The Board has appointed Manoj Lodha as Executive Director and Chief Financial Officer of the company, effective April 1.
Omaxe : The company's subsidiary, Omaxe World Street, has received RERA Registration Certificates from the Haryana Real Estate Regulatory Authority (HRERA) for two of its new commercial projects (New Singapore and Clarkee) in Faridabad, Haryana.
Brigade Enterprises : The company has launched a premium residential project—Brigade Altius—in Chennai, spanning 6.5 acres with a total development area of 1.4 million square feet. The project has a revenue potential of Rs 1,700 crore.
Rail Vikas Nigam : The company has received a Letter of Acceptance from South Western Railway for a project worth Rs 156.35 crore. The project involves engineering, procurement, and construction (EPC) for the design, supply, erection, testing, and commissioning of a 2X25 KV OHE & PSI system, including electrical general services, engineering, and telecommunication works between Rayadurga and Pavagada.
Kalpataru Projects International : The company has secured new orders worth Rs 2,306 crore in the transmission and distribution business in overseas markets, as well as in building projects in India. With these orders, its order intake to date in FY25 has reached around Rs 22,500 crore.
RITES : The company has received a Letter of Acceptance from South Central Railway for a project worth Rs 27.9 crore. The project involves carrying out a final location survey for the High-Speed Elevated Rail Corridor between Hyderabad-Bengaluru and Hyderabad-Chennai.
Laurus Labs : The board has approved an investment of Rs 83.3 crore in KRKA Pharma, a joint venture of the company. Further, KRKA d.d., Novo mesto, Slovenia (co-venturer), will also invest Rs 86.7 crore in KRKA. With this, they will maintain the existing shareholding ratio of 51:49 between KRKA d.d., Novo mesto, and Laurus Labs. The purpose of this investment is to acquire land and meet the initial cost of setting up a manufacturing facility for the production of finished products for new markets, including the Indian market.
Bharat Electronics : The company has secured additional orders worth Rs 577 crore since February 20. Major orders include airborne electronic warfare products, advanced composite communication systems for submarines, Doppler weather radar, train communication systems, radar upgrades, spares, services, etc. With these, the total accumulated orders received by BEL during the current financial year stand at Rs 13,724 crore.
Biocon : The company's subsidiary, Biocon Biologics, announced a strategic collaboration agreement with Civica, Inc. to expand access and affordability of Insulin Aspart in the United States. As per the agreement, Biocon Biologics will supply Insulin Aspart drug substance to Civica, Inc., which will use the drug substance to produce Insulin Aspart drug products, a rapid-acting insulin analog, at its manufacturing facility in Petersburg, Virginia.
InterGlobe Aviation : IndiGo, with its long-haul debut, announced non-stop flights to Manchester and Amsterdam. The service to Manchester will be the only direct route from India to the North of the UK. The operations are expected to commence during the summer schedule from July 2025.
Firstsource Solutions : The RP-Sanjiv Goenka Group company announced the launch of its Agentic AI Studio, a solution designed to transform the future of work.
TCPL Packaging : The company has inaugurated its new greenfield facility in Chennai, which will increase its capacity to manufacture paperboard cartons and strengthen its pan-India presence, enhance logistics, and improve service capabilities.
Avanti Feeds : IIFL Facilities Services acquired a 4.38% stake in the company at an average price of Rs 786 per share from Thai Union Asia Investment Holding, amounting to Rs 469.8 crore.
Campus Activewear : Fidelity India Fund and Fidelity Funds - India Focus Fund bought an additional 1.63% stake in the company at an average price of Rs 258.5 per share from promoter Hari Krishan Agarwal, valued at Rs 129.25 crore.
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