Indian Stocks Market Updates from Leading Business News Agencies and Regulatory Updates of Few Stocks

Stock Updates:

JSW Energy: signs a PPA with Amazon for 180 MW wind power.

Gensol Engineering: secures a ₹967.98 crore order for a 245 MW solar PV project at Khavda RE Power Park, Gujarat, including three years of O&M.

BEL: wins contracts worth ₹10,147 crore from the Ministry of Defence for enhancing the Indian Army's firepower with the PINAKA system.

IRCON: wins a ₹532 crore order in a JV with AMRIL for road construction in Manipur.

Engineers India Ltd: wins a ₹54 crore PMC contract for Phase-I of the Paradip Petrochemical Complex from IOCL.

Redington: Turkish regulators approve Paynet’s 100% sale to Iyzi Payment.

Cummins:  Board approves the 100% sale of CSSPL to PAL SVAM Power for ₹56.5 crore.

Dreamfolks appoints: Mr. Sanyam Nagpal as Vice President (VP) Business, effective February 7, 2025.

Delhivery: Vani Venkatesh, former Global CEO of Airtel, to join as Chief Business Officer.

Raymond: announces its 5th major Joint Development Agreement for a ₹1,800 crore residential project in Mahim West, Mumbai, boosting its MMR expansion.

Kolte Patil: signs a 22-acre joint development project in Pune with an expected GDV of ₹4,000 crore.

Garware Hi-Tech Films: receives approval for a ₹118 crore TPU extrusion plant at Waluj, Maharashtra.

KP Green Engineering: commences delivery for its first export order to the USA.

Other Updates:

I. Solara Active: incorporates a wholly-owned subsidiary related to the demerger of its CRAMS and Polymers businesses into an independent listed entity.

II. DP Abhushan: approved up to ₹600 crore fund raising via equity.

III. Aurobindo Pharma: US FDA classifies its API manufacturing unit in Telangana as VAI (Voluntary Action Indicated) after inspection closure.

IV. Shakti Pump: invests ₹3 crore in its wholly-owned subsidiary, Shakti EV Mobility Private Limited.

V. Goa Carbon: resumes operations at its Goa unit after kiln lighting and raw material feeding.

VI. INFOSYS: clarifies reports on mass layoffs; confirms that freshers are subject to internal assessments, with up to three attempts to clear.

VII. MTNL: Government affirms that India will honor sovereign guarantees for MTNL; no new funds infusion proposed.

VIII. Thomas Cook India MICE: sets its focus on Malaysia, successfully hosting a corporate outreach engagement in partnership with Tourism Malaysia.

IX. DP Abhushan: approved up to ₹600 crore fundraising via equity.

Regulatory Updates:

i. E2E Networks has been empanelled by IndiaAI to provide AI cloud services, including compute, network, and storage, supporting AI adoption and digital economy growth.

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