Vedanta, the mining giant, is exploring all possible legal solutions, including the option of filing a review petition against the top court’s decision that rejected its plea to restart operations at its copper smelter in Thoothukudi, Tamil Nadu. Meanwhile, Infosys has renewed its digital innovation partnership with the ATP Tour until 2026, focusing on driving AI-first innovations in professional tennis.
Hindustan Aeronautics has signed an amendment to the LCA IOC contract, revising the contract value significantly. Mahindra and Mahindra’s promoter Prudential Management and Services have offered to sell a portion of their equity in the company. Bajaj Finserv’s unit reported substantial premiums for both general and life insurance in February.
Asian Paints has entered into agreements to set up an ethylene storage and handling facility in Gujarat. Glenmark Pharmaceuticals has initiated the process of selling a majority stake in its subsidiary to Nirma. Life Insurance Corp. has increased its stake in LIC Mutual Fund through private placement.
In other news, Mukka Proteins will debut on the stock exchanges after a successful IPO subscription. RK Swamy and JG Chemicals also saw strong subscription numbers for their public offerings. Dollar Industries and Zomato were involved in block deals, while CarTrade Tech and RBL Bank witnessed bulk deals.
Insider trades, pledge share details, and trading tweaks were also reported in the market. Overall, the business landscape is dynamic and filled with various developments across different sectors.
