Indian markets saw gains, with Apollo Tyres becoming the Indian cricket team's jersey sponsor. JSW Paints will acquire a stake in Akzo Nobel India, while Dr. Reddy's launched a new molecule for gastrointestinal issues. Mahindra Lifespace is set to redevelop housing societies, and Coal India has been named the preferred bidder for a rare earth element exploration block.
Markets staged a strong advance on the weekly expiry day of Nifty contracts, gaining over half a percent. In today's trade, shares of Apollo Tyres, Akzo Nobel, Dr Reddy's, Mahindra Lifespace, Coal India among others will be in focus due to various news developments.
Apollo Tyres
Following the exit of Dream11 as the Indian cricket team's jersey sponsor, the BCCI confirmed Apollo Tyres as the new lead sponsor of Team India.
Akzo Nobel
The CCI approved acquisition of up to 75% shareholding in Akzo Nobel India by JSW Paints
Dr Reddy's
Dr Reddy's launched Novel Molecule Tegoprazan in India, which is a novel patented Molecule Indicated for acid-related gastrointestinal disease
Mahindra Lifespace
Mahindra Lifespace to redevelop two housing societies in Chembur; Combined development potential at Rs 1,700 crore.
Blue Dart
Blue Dart arm received show cause notice from GST commission worth Rs 365 crore.
Coal India
Coal India (CIL) has been named the preferred bidder for the Ontillu-Chandragiri Rare Earth Element (REE) Exploration Block, according to a regulatory filing by the company.
RailTel
RailTel secured an order worth Rs 106 crore from the Bihar Education Project Council (BEPC) for the supply, procurement, and installation of smart classrooms in the state.