News that may have an impact on prices of some stocks today, 10th July, 2025

Enviro Infra, AltoraPro enter joint venture

Company for the purpose of joint bidding and execution of a project has entered into a JV agreement with AltoraPro Infrastructure Private Limited in the name and style of Enviro Infra Engineers Limited AIEPL JV, wherein the Company is a lead member. It has won a Rs 395.5 crore (excluding taxes) JV order for pollution control CETP project from Maharashtra Industrial Development Corporation. It is to be executed over the next 24 months.

USFDA issues zero adverse observations after pre-approval inspection of Emcure Pharma facility

United States Food and Drug Administration (US FDA) had conducted Pre-Approval Inspection (PAI) of Company’s manufacturing facility (Oncology) at G.I.D.C., Taluka – Sanand, Ahmedabad-382110, Gujarat, from June 30, 2025 to July 08, 2025. The inspection concluded without issuance of Form 483 (zero observations).

OIL, GAIL to extend existing gas sale & purchase agreement for another 15 years

Oil India Limited (OIL) and GAIL (India) Limited, two leading Maharatna CPSEs have signed the agreement for extending the existing Gas Sale and Purchase Agreement for another 15-years, starting from 1st July 2025, to supply up to 900,000 Standard Cubic Meters per Day (SCMD) of natural gas from OIL’s Rajasthan Gas Fields. The sourced gas will be supplied to State run power plant M/s Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) for production of power.

India Oil – Adani Gas pvt ltd to raise Rs 1,378 crore through convertible bonds

IndianOil-Adani Gas Pvt. is planning to raise Rs 1,378 crore ($161 million) from the sale of convertible bonds. The company, a joint venture plans to raise the money in four tranches via compulsorily convertible debentures that will be converted into equity on a specified date.

Bharti Airtel, Ericsson partner for FWA rollout

Bharti Airtel and Ericsson have deepened their long-standing relationship with a new agreement to support Bharti Airtel’s rollout of Fixed Wireless Access (FWA) services in India with its core network portfolio. The deployment will enhance Airtel core capability and capacity for Fixed Wireless Access, thereby elevating the customer experience for Airtel FWA users.

TCS expected to report revenue growth of 3.7%

In rupee terms, TCS Ltd is likely to report 0.7% QoQ and 3.7% YoY revenue growth to Rs 64,935 crore. In US$ terms, revenue could rise by 1.7% QoQ and 1.1% YoY to US$7,586 mn in Q1FY26. Net profit could increase by 1.1% QoQ and 2.6% YoY to Rs 12,354 crore in Q1FY26. EBIT margin could increase by 10 bps QoQ and decrease by 40 YoY to 24.3%. The management commentary on demand environment in in the US and Europe region, updates on BFSI, Technology & Services verticals, TCV (Total Contract Value) include AI, data analytics, and digital innovation, status of BSNL deal, margins outlook, and update on wage hike cycle likely to watch out for.

GR infra subsidiary gets appointment date for NHAI project

GR Varanasi Kolkata Highway Private Limited, a wholly owned subsidiary of the Company has received a letter from National Highways Authority of India (NHAI) declaring appointed date w.e.f. 01st July 2025 for the project “Construction of 6-lane Greenfield Varanasi-Ranchi-Kolkata Highway under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package-7)”. Contract price is Rs. 1248 crore.

NIIT Learning Systems completes the acquisition of MST group

NIIT Learning Systems Limited, a global leader in managed learning services, has completed the acquisition of Munich, Germany-based MST Group, a leader in managed learning services in the DACH region (Germany, Austria, Switzerland). The company was acquired through NIIT MTS’ wholly owned subsidiary NIIT (Ireland) Limited for Euro 22.37 million, subject to certain adjustments as per the terms of the definitive agreements. Consolidated revenue as per German GAAP for the financial year ended December 31, 2024 was Euro 17.43 million.

Quality Power, Yash Highvoltage sign binding term sheet for acquisition of Sukrut Electric Company

Quality Power Electrical Equipments and Yash Highvoltage have jointly announced the signing of a Binding Term Sheet to acquire 100% stake in Sukrut Electric Company (SECPL), a Pune-based transformer component manufacturer with a legacy spanning over six decades. The transaction is expected to close over the next two quarters, subject to completion of customary regulatory and commercial formalities.

RailTel Corp gets new contract of Rs 17.47 crore

RailTel Corp has secured a Rs 17.47 crore contract from the Chhattisgarh government, marking its third major win this month. With this, RailTel’s total order value for July 2025 reaches Rs 130.32 crore.

Ambuja Cements subsidiary commissions 1.5 million tons grinding unit

The company announced that its subsidiary, ACC Limited, has successfully commissioned a 1.5 million tonnes per annum (MTPA) brownfield grinding unit at its Sindri plant in Jharkhand. This strategic expansion boosts Ambuja Cements’ total installed cement capacity to 104.45 MTPA, reinforcing its position in India’s infrastructure sector.

Waaree Energies subsidiary launches OFS

The company’s subsidiary, Indosolar Limited, has launched an Offer for Sale (OFS) of up to 10 lakh equity shares, representing 2.4% of its paid-up capital. The OFS will open for non-retail investors on July 10, 2025, and for retail investors on July 11 via the stock exchange route.

Indian government to divest stake in LIC through OFS

The Indian government has approved an Offer for Sale in LIC as part of its FY26 disinvestment push. With a 96.5% stake in the insurer, even a 1% sale could raise around Rs 6,000 crore, given LIC’s Rs 5.98 lakh crore market cap.

Lupin, Zentiva sign license & supply agreement for Lupin’s biosimilar

Lupin Limited and Zentiva Group have entered into a license and supply agreement for commercialization of Lupin’s biosimilar Certolizumab Pegol, across multiple markets globally. Lupin will be responsible for the development, manufacturing and supply of the product within the agreed territories. Zentiva will oversee commercialization activities outside USA and Canada, predominantly in Europe and CIS markets, where it will leverage its extensive European commercial infrastructure and regulatory expertise. Lupin will undertake commercialization in the remaining regions, including USA and Canada. Both parties will invest in the development of the new biosimilar. Lupin will receive an initial payment of US$ 10 million upon execution of the agreement and total development and regulatory milestone payments up to US$ 50 million. The profits from the defined markets will be shared between the two companies.

Tata Technologies, Emerson enter into strategic partnership

Tata Technologies and Emerson, an industrial technology leader of advanced automation solutions, today jointly announced a strategic partnership to innovate integrated testing and validation solutions for global OEMs in the automotive, aerospace and commercial vehicle sectors.

Titagarh Rail to issue 21.16 lakh warrants to promoter group

Company will issue 21.16 lakh warrants at Rs 945 to promoter group. It would raise Rs 200 crore through the said allotment. An amount equivalent to 25% of the consideration of the Warrants shall be payable at the time of application and the balance 75% of the total consideration shall be payable at the time of conversion of the warrants into Equity Shares.

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Source: HDFC Securities Prime Research