Welspun Corp

The company has received two additional large orders in the USA, one each for HSAW and HFIW pipes, for the supply of coated pipes for a natural gas pipeline project. With the addition of these two new orders, the value of the cumulative orders received by its USA plant till date in Q3FY25 has exceeded Rs 7,000 crore. Execution of these orders will take place during FY25 and FY26. Hence, the outlook for the USA market remains extremely positive for the next couple of years.

One 97 Communications (Paytm)

The company's subsidiary, One97 Communications Singapore (Paytm Singapore), has approved the sale of stock acquisition rights (SARs) held in PayPay Corporation, Japan (PayPay). These SARs, acquired by Paytm Singapore in September 2020, will be sold to a SoftBank Vision Fund 2 entity for net proceeds of JPY 41.9 billion (Rs 2,364 crore). Through this deal, PayPay is valued at JPY 1.06 trillion. The transaction is expected to be closed in December 2024.

Easy Trip Planners

The company has entered into a share purchase agreement to acquire a 49.03% stake in Pflege Home Health Care Center LLC, and a 49% stake in Planet Education Australia Pty. It has also signed a share subscription agreement to acquire a 50% stake in Jeewani Hospitality. 

Suven Pharmaceuticals

The pharma company will acquire a 56% stake in US-based NJ Bio, Inc., an ADC specialist player, at a $100 million pre-money valuation, investing $64.4 million, including $15 million for growth initiatives. This acquisition strengthens Suven’s positioning as a technology-driven CDMO with end-to-end ADC/XDC solutions.

NLC India

The company has been declared the successful bidder by the Ministry of Coal for the New Patrapara South Coal Mine in Odisha. This is the third commercial coal mine for NLC India, and the company is committed to its capacity addition.

Bajaj Healthcare

The company’s API manufacturing site in Vadodara, Gujarat, has received approval from the Therapeutic Goods Administration (TGA), Australia. The site has already received approval from the USFDA and EU. With this recognition, the company expects to attract more CDMO contracts from existing and new clients. The TGA approval is valid for 24 months.

JSW Energy

The company's subsidiary JSW Neo Energy has received a letter of award from NTPC for setting up a 400 MW solar power project. Furthermore, its other subsidiary, JSW Energy (Utkal), has been the successful bidder for the BARTAP Coal Mine in Odisha, with an estimated geological reserve of 1,600 MT. It has executed the coal mine/block development and production agreement.

Wipro

The technology services and consulting company announced a collaboration with SIAM.AI, a member of the NVIDIA Cloud Partner program in Thailand. The companies will leverage NVIDIA accelerated computing and software to develop an AI-powered digital assistant for the Tourism Authority of Thailand.

RITES

The company has received a $9.7 million order from the Guyana government for the upgrading of the Palmyra to Moleson Creek highway.

Uno Minda

The company's 4W lighting plant at Khed, Pune, has started its commercial production. The same will be gradually ramped up going forward.

Linc

The company has fixed December 20 as the record date for the split of equity shares and the issue of bonus shares. It will split each equity share of face value of Rs 10 into 2 equity shares of face value of Rs 5 each, and further will issue bonus shares in the ratio of 1:1.

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