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Poly Medicure – Poly Medicure announced the acquisition of 90% stake in Pendracare Group for an upfront equity consideration of ~Euro 11mn; inter-group loan liabilities of Euro 3.2mn as of June 30, 2025, to be repaid; total upfront payout of ~Euro 14.2mn.  

Certain earn-out payments are to be made subject to the achievement of certain milestones over the next 4-5 years. Balance 10% stake, held by Sander, to be acquired on a 2030 basis actual EBITDA of CY2029. For CY24, the company had registered Revenue of EUR 9.9 million, Gross Profit of EUR 7.3 million and EBITDA of EUR 1.4 million. It is into the Interventional Cardiology consumable business in Europe. 

UTI AMC – The Company announced that Mr. Imtaiyazur Rahman will be handing over charge as MD & CEO effective from the close of business hours on 31st January 2026. The Board of Directors has unanimously appointed Mr. Vetri Subramaniam, current CIO, as the next MD & CEO, effective from 1st February 2026. 

GST Changes – Finance Minister announced an exemption on individual health and life insurance, along with 33 lifesaving drugs and medicines. The insurance services that are currently under 18% will be exempted. Even individual health insurance policies, including family floater policies and policies for senior citizens, will be exempted. Exemption of GST would be on all individual life insurance policies, whether term life, ULIP, or endowment policies, and reinsurance.  

In the automobile sector, GST on small cars and motorcycles under 350cc has been cut from 28% to 18%. Three-wheelers and auto parts will now be uniformly taxed at 18%, while buses, ambulances, and trucks will also benefit from lower rates. EVs will continue to enjoy the existing concessional GST rate of 5%. GST rate on the cement sector has been brought down from 28% to 18%. The products like air conditioners, large-screen TVs, refrigerators and washing machines, which were taxed at the steepest 28%, will now shift to 18%. Tobacco products, aerated drinks, luxury cars and yachts will attract higher taxes of up to 40%.  

LTTS – L&T Technology Services Limited (LTTS) announced a strategic partnership with Silicon Valley’s SiMa.ai, a leader in Physical AI. This partnership aims to transform industries through cutting-edge AI-driven solutions in Mobility, Healthcare, Industrial Automation and Robotics.  

Coal India – Coal India Ltd. has sought bids to build 5 gigawatts of renewable projects, an effort to diversify its portfolio in view of a possible decline in future coal demand. 

Oil and Gas – Amid tensions between the two countries after Washington imposed a 50% tariff on Indian imports, US Congressman Brian Fitzpatrick, following a high-level intelligence visit to India, said that Indian refiners are signalling plans to cut their imports of Russian oil in response to sustained US pressure. 

ITC – ITC Limited is stepping up investments in its fast-moving consumer goods (FMCG) and agriculture businesses, said Chairman & Managing Director Sanjiv Puri. The ITC Chairman shared that the diversified conglomerate has committed Rs 20,000 crore in fresh capital expenditure, with a sharp focus on expanding its FMCG portfolio, strengthening its agriculture linkages, and scaling its paperboard operations. 

BHEL – BHEL has accepted a letter of intent (LoI) worth approximately Rs 2,600 crore, excluding GST, from MB Power (Madhya Pradesh) Limited for the supply of key equipment for its 1×800 MW Anuppur thermal power project in Madhya Pradesh.  

Swiggy – Swiggy has raised its platform fee for the third time in three weeks, taking the levy to Rs 15 per order — its steepest hike yet — as the food delivery firm looks to ride the festive season surge and shore up margins. The charge will continue to apply even for members of its subscription plan. 

Maruti Suzuki – Maruti Suzuki launched its new compact SUV, the Victoris, as the flagship model for its Arena dealership network. Positioned between the Brezza and Grand Vitara, the Victoris marks Maruti Suzuki’s second vehicle in the midsize SUV segment, following the 2023 Grand Vitara. 

ACME Solar – ACME Solar said it has secured a 50 MW Firm and Dispatchable Renewable Energy project from Tata Power-D. The FDRE tender was floated under tariff-based competitive guidelines (TBCB) for which an e-reverse auction was conducted on August 13, 2025, a company statement said.  

Arkade Developers – Arkade Developers is set to acquire a 3.54-acre (14,363.60 sq m) land parcel in Bhandup West, Mumbai Metropolitan Region (MMR), for Rs 148 crore. 

Inox Green Energy Services – Inox Green said it has inked pacts with multiple customers to provide operations and maintenance services for 189.1 MWp of operational solar projects. The pacts include 96.6 MWp with a global PE-backed Independent Power Producer (IPP) for their projects located in Maharashtra and 92.5 MWp with an IPP for their projects located in Gujarat and Madhya Pradesh. 

Redington – Redington announced a strategic distribution agreement with CrowdStrike, to bring the AI-native CrowdStrike Falcon platform to Redington’s customers and partners across India. This partnership strengthens Redington’s channel reach, expands CrowdStrike’s regional channel ecosystem, and ensures Redington’s partner base of leading resellers to drive vendor consolidation and prevent breaches with cybersecurity’s leading platform for the AI era.  

Netweb Tech – Netweb Tech said it has won an order worth Rs 1,734 crore for the supply of servers based on Nvidia’s Blackwell architecture. As part of the contract, Netweb Tech will deploy AI infrastructure facility using the latest GPU-accelerated platforms. The order will leverage Netweb’s latest GPU-accelerated platforms built on NVIDIA’s cutting-edge Blackwell architecture. Execution is scheduled between the last quarter of FY26 and the first half of FY27. 

Aptus Value Housing – WestBridge Capital is likely to sell its entire 16.46% stake in Aptus Value Housing Finance through block deals. Total block deal size could be Rs 2,600 crore, while the floor price is likely to be Rs 316 per share. 

Suraj Estate – Suraj Estate Developers has approved a plan to raise up to Rs 500 crore by issuing shares or other securities. 

RailTel – RailTel Corp received a significant work order valued at Rs 14.94 crore from the Ministry of Home Affairs (MHA). The order involves the Supply, Installation, Testing, and Commissioning (SITC) of IP-based CCTV surveillance systems. 

Campus Activewear – Campus Activewear has acquired land and building from Nainipanel Industries Private Limited for Rs 74.75 crore in an all-cash transaction to expand its footwear manufacturing capacity.  

Source: HDFC Securities Prime Daily, 4 Sept 2025 

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