News Highly Sensitive to Stock Price: March 06

Tata Elxsi

The company announced the launch of DevStudio.ai, an automotive multi-agentic solution purpose-built to accelerate the automotive software development lifecycle (SDLC) for OEMs, system suppliers, and semiconductor companies.

Dee Development Engineers

DEE Piping Systems (Thailand) Co has received a Letter of Intent (LOI) worth about Euro 1.9 million (approximately Rs 20 crore) from an international customer. The total value of the contract is estimated at euro 1.9 million, equivalent to around Rs 20 crore. The order is scheduled to be executed byMay 2027.

Petronet LNG

Petronet LNG, has issued a force majeure notice to supplier QatarEnergy and its domestic buyers after its vessels were unable to reach the Ras Laffan load port amid escalating tensions in West Asia

Jio Financial Services

Jio Financial Services said it has subscribed to 14.75 crore equity shares of Rs 10 each in its joint venture, Allianz Jio Reinsurance Ltd (AJRL), for cash at par, aggregating Rs 147.45 crore. The amount will be used by Allianz Jio Reinsurance Ltd to fund its business operations.

Transformers and Rectifiers

Transformer and Rectifiers (India)’s board has approved the appointment of chief financial officer (CFO), Mehul Shah, with effect from 5 March 2026. Chanchal S S Rajora has step-down from the position of CFO with effect from 5th March 2026. However, he will continue in his existing role as director (finance) and will remain designated as senior management personnel.

Patil Automation

The company announced that its subsidiary, MII Robotics, has secured multiple purchase orders worth Rs 12.67 crore from domestic companies in India. The projects are aimed at supporting automated manufacturing processes in the defence sector.The total contract value stands at Rs 12.67 crore.

TCS

Tata Consultancy Services Ltd., which just cut an agreement with OpenAI to build data centers for artificial intelligence in India, is nearing additional deals with other tech giants, signaling a commitment to reshaping its business model to capitalize on the emerging technology.

MRPL

Mangalore Refinery and Petrochemicals Limited (MRPL) issued a clarification over reports claiming the company had suspended fuel exports due to disruptions in crude shipments from the Persian Gulf amid the widening conflict in West Asia. The company said, “MRPL has not declared any ‘FORCE MAJEURE’ and is unaware about the mentioned news item and its source.

Oil and Gas

Indian refiners are now receiving Russian oil from ships waiting offshore. This move comes as Middle Eastern crude supplies are impacted. India’s energy security is a concern with limited crude stocks. Refiners are expediting purchases of Russian oil. This strategy helps manage supply shocks and potential tariff issues. Significant volumes of Russian crude are available in nearby waters.

Fractal Analytics

Q3FY26 Results: Profit grows 10.6% to Rs 102.6 crore Vs Rs 92.8 crore. Revenue jumps 20.8% to Rs 854.4 crore Vs Rs 707.2 crore

Dr Reddy’s Laboratories

The company has received the Establishment Inspection Report (EIR) from the United States Food & Drug Administration (USFDA) for its formulations manufacturing facility in Srikakulam, Andhra Pradesh. The USFDA has classified the inspection outcome as Voluntary Action Indicated (VAI) and concluded that the inspection is officially closed.

Bajaj Auto

KTM AG has pre-paid all the outstanding dues under the facility agreement to BAIH BV, resulting in the termination of the said agreement. The Facility Agreement was executed between Bajaj Auto International Holdings BV (BAIH BV), a wholly owned subsidiary of Bajaj Auto, and KTM AG, a step-down subsidiary of the company, for a secured term loan of Euro 450 million towards the restructuring process of KTM AG andits relevant subsidiaries.

Standard Engineering Technology

The company has entered into a Target-Based Conditional Distribution Agreement with API Pharma Pharmaceutical Trading LLC for the Middle East region as part of its export expansion strategy.

Zaggle Prepaid

The company has entered into an agreement with Blue Star to provide Zaggle Save (Employee Expense Management & Benefits).

GRSE

The company has entered into a Memorandum of Understanding (MoU) with Kalyani Strategic Systems to jointly develop and promote indigenous solutions for advanced naval systems, unmanned platforms, and other strategic maritime capabilities for domestic and global markets.

JK Tyre

The Board has authorised the signing of a Share Transfer and Shareholders Agreement for an investment of Rs 5.04 crore to acquire a minimum of 26% equity shares in Sunpulse Power, and Rs 1.53 crore to acquire 26% equity shares in FPEL Burning Bright.

Shilpa Medicare

The National Company Law Tribunal (NCLT) has approved the Scheme of Amalgamation of Shilpa Therapeutics, a wholly owned subsidiary, with Shilpa Medicare, its holding company.

Samhi Hotels

The hotel ownership and asset management platform said its board has approved the acquisition of a majority stake of 70% in RARE India. It expects to enter into definitive agreements by May 2026, marking Samhi’s entry into the experiential leisure segment through an asset-light platform investment.

Mazagon Dock Shipbuilders

In a clarification note on media reports of a Rs 99,000 crore defence deal, the company said CNC negotiations with the Government are completed. The proposal has been taken up for approval by the competent authority.

BMW Industries

The company has entered into a strategic partnership for the supply of piped natural gas (PNG) with Indian Oil Corporation (IOC).

DCX Systems

The company has received a purchase order worth Rs 68.05 crore from Hindustan Aeronautics for the manufacture and supply of custom-made antennas and power supplies for airborne applications.

Source: HSL Prime Daily, 06 March 2026