Sridhar Balakrishnan 🇮🇳🏆💰

*Satin Creditcare:* Company has approved an increase in the limit for issuing Letters of Comfort or similar assurances for its wholly owned subsidiary. (Neutral)

*Banking Stocks:* RBI starts industry wide review of derivatives positions of Banks-Media. (Neutral)

*ICICI Sec:* Trading on exchanges to be suspended from March 24 (Neutral)

*MTNL:* Company has earned Rs 2135 crore up to January 2025 from monetisation of lands and buildings.. (Neutral)

*NLC India:* Production of its lignite production falls short of target for fiscal 2023-24 due to delays in land acquisition. (Neutral)

*Rattan India Power:* Company's Petition against Rs 115 Crore Arbitral Award to Bhel Was Dismissed By the Delhi High Court, and the Company Is Filing an Appeal. (Negative)

*D.S. Kulkarni Developers:* Company received a Rs. 24.33 Cr Income Tax demand on March 12, 2025. (Negative)

*🇮🇳India Daybook – Stocks in News*


*BEL:* Company receives Rs 2463 Crore order for Ashwini Radars from Indian Air Force. (Positive)

*BEML:* Company signs non-binding MoU with Siemens to explore opportunities in train & metro markets (Positive)

*NTPC Green:* Company declares full commercial operation of 105 MW Shajapur solar project. (Positive)

*Carysil:* Company entered into an agreement with Karran Inc. to Supply Quartz Sinks to major US Home Retail Chain (Positive)

*Unimech Aerospace:* Crisil Ratings has revised the outlook on Company’s corporate credit rating to "Positive" from "Stable", while reaffirming the rating at "Crisil A-". (Positive)

*Atishay Ltd:* Company has been awarded a new work order for printing and delivery of PVC co-branded Ayushman cards by the Government of Odisha. (Positive)

*Nahar Industrial:* CRISIL upgraded the credit ratings for Nahar Industrial Enterprises Ltd.'s bank facilities. (Positive)

*Premier Explosives:* Company has received an export order for Rs. 21.45 Cr for defence explosives. (Positive)

*Azad Engineering:* Company inaugurated a lean manufacturing facility for Mitsubishi Heavy Industries. (Positive)

*Infosys:* Expands Strategic Collaboration with Citizens for AI-led Transformation (Positive)

*Polycab:* Company enters into agreement for Rs 3003 cr with BSNL for Bharat Net (Positive)

*NACL Industries:* Coromandel International board approves acquisition of 53.13% stake (10.68 cr shares) in NACL Industries at ₹76.70/sh (Positive)

*Waaree Renewable:* Care Ratings Ltd. has upgraded credit rating for its banking facilities. (Positive)

*Swelect Energy:* Company secures 150 MW solar module orders, raises ₹290 crore to fund 1 GW expansion (Positive)

*Jubilant Pharmova:* Subsidiary has received an EIR with a Voluntary Action Indicated (VAI) status from USFDA (Positive)

*Yatra Online:* Company’s board meeting on Mar 12, 2025, noted the resignation of Rohan Purshottamdas Mittal as Group CFO (Neutral)

*Bajaj Electricals Ltd: Company received a favorable ruling from the Appellate Authority regarding a GST dispute. The Appellate Authority dropped a Rs. 11.06 Cr. (Neutral)

*Jamna Auto:* Company received a show cause notice from the GST Authority on Nov 30, 2024, related to a tax demand for Rs 2.36 crore. (Neutral)

*Beta Drugs:* Company amended its Memorandum of Association to increase its authorized share capital from Rs. 10.5 Cr to Rs. 11 Cr. (Neutral)

*Dynamic Services:* Company received a contract of Rs 1.89 crore from South East Central Railway for cooking and serving meals at the Bilaspur running room (Neutral)

*Medplus Health:* Company received a stay order from the Central Government Industrial Tribunal in Maharashtra. The CGIT halted a Rs. 1.88 Cr demand against the company. (Neutral)

*Panasonic Carbon:* Company announced the resignation of its Company Secretary, Mr. Shiva Prasad Padhy, and effective May 9, 2025. (Neutral)

*Shantai Industries:* Company announced the resignation of Komal Agarwal as Company Secretary & Compliance Officer, effective March 12, 2025 (Neutral)

*DCAL:* Company Board Approves Issue of Debentures Aggregating up to Rs 500 million (Neutral)

*Manali Petrochemicals:* Company Makes Further Equity Investment of Rs 88.2 million in Amplus IRU. (Neutral)

*NHPC:* Company to consider borrowing plan for raising of debt for FY 2025-26 on March 19. (Neutral)

*IndusInd Bank:* Shares worth ₹1,600 crore were sold by Mutual Funds in February, data shows. (Neutral)

*Ola Electric:* Company announces 'Holi flash sale' offer for S1 Range e-Scooters. Company is providing discounts of up to ₹26,750 on the S1 Air (Neutral)

*Zydus Lifesciences:* Zynext Ventures invests in Illexcor Therapeutics to advance novel oral therapy for sickle cell disease. (Neutral)

*Jaiprakash Associates:* Company assigns outstanding debt/ financial assets to National Asset Reconstruction Company (NARCL) (Neutral)

*News Headlines from Business News Agencies:*

*Business Standard*

📝 Government not privatising telecom firms BSNL and MTNL, says minister
📝 Riyadh Air plans to expand, eyes partnership with Air India and IndiGo
📝 Russian oil supplies to India may recover in March after 3-month decline
📝 Indian developers buy land parcels worth Rs 39,700 crore in 2024: JLL
📝 India to see $600 bn in investments over next 3 yrs for startups: Experts
📝 PFC board okays Rs 1.4 trn borrowing, Rs 3.5 per share interim dividen
📝 Indian IT services sector to see 4-6% revenue growth in FY26: ICRA
📝 Ola Electric eyes Ebitda breakeven in automotive by Q1FY26
📝 Glenmark launches Empagliflozin for diabetes in India under Glempa brand
📝 CG Power gets nod for $36 mn deal to acquire Renesas Electronics business
📝 Morgan Stanley sounds caution on Indian IT; downgrades Infosys, prefers TCS
📝 Vedanta repays $900 mn loan, deleverages balance sheet by $550 mn

*Economic Times*

📝 India to launch auction for mineral exploration licenses for 13 blocks
📝 ArcelorMittal Nippon sues India over raw material imports as fight escalates
📝 Proposed law on oilfields won't take away states' rights: Govt in Lok Sabha
📝 India holds talks with Congo for pact to source cobalt, copper, sources say
📝 India's industrial production picks up in January, grows 5%
📝 Indian mills sign contracts to export 600,000 metric tons of sugar
📝 RBI tells IndusInd Bank board to suggest external candidates for CEO & COO position
📝 India's steel secretary says industry does not expect major impact of US tariffs
📝 Indian tea industry's export reaches decade high of 255 mn kg in 2024
📝 SWELECT secures over 150 MW of solar module orders
📝 Tanishq expands US presence with new stores in Seattle and Atlanta

*Mint*

📝 India's retail inflation hits seven-month low of 3.61% in February 2025
📝 Moody's pegs India's FY26 GDP growth at over 6.5 per cent
📝 Quick comm accounts for 70-75% of total e-grocery orders, up from 35% in 2022
📝 Rebel Foods to boost Wendy’s India presence with ₹150 crore investment
📝 Oil prices to remain around $70-75 per barrel, says Emkay
📝 HUDCO announces ₹2,842.50 crore fundraising via private placement
📝 EPA Terminates $20 Billion in Grants for Climate Projects
📝 Adobe seeks to sell lawsuit-free AI models, expands Indian engineering hub
📝 Bajaj Auto eyes market share gains with new electric 3-wheeler lineup
📝 RBI probing banks' derivatives books amid IndusInd fallout, sources say
📝 UST Expands India Presence with a New 1000-Seater Office in Pune

CEMENT SHARES IN FOCUS

*Tamil Nadu Increases mineral tax on Limestone by Rs 160 per tonne*

Increase in mineral tax will lead to costs higher by Rs 16 per cement bag as per analysts

*Likely to impact companies like Dalmia Bharat, Ramco, Ultratech Cement (India Cement Acq)*

increased tax will be applicable from 20th Feb’25