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Sensex Nifty Today, Stock Market LIVE Updates: Sensex, Nifty set for flat opening amid global weakness
Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Global Weakness Weigh on Sensex Nifty: Stock Market LIVE Updates
Economy

Global Weakness Weigh on Sensex Nifty: Stock Market LIVE Updates

Economy Desk By Economy Desk March 5, 2025 6 Min Read
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GE Vernova announced that it has secured three orders from Power Grid Corp. worth ₹500 crore, bringing in a positive outlook for the company.

In another positive development, Shalby received reaffirmed credit ratings of [ICRA] A+ (Stable) from ICRA Limited for its long-term fund-based and non-fund-based facilities.

Power Grid declared as the successful bidder for three projects to establish an inter-state transmission system on a build, own, operate, and transfer (BOOT) basis, further boosting its prospects.

Welspun Specialty emerged as the L1 bidder for a project worth Rs 231.77 crore by BHEL, signaling a positive trend for the company.

ABB India made a strategic investment in UptimeAI, an AI startup, showcasing a positive move towards technological advancements.

Star Cement was declared the preferred bidder for a Limestone Block in Assam, which has 192.36 million tonnes of resources, indicating a positive growth trajectory for the company.

Adani Wilmar announced its acquisition of G.D. Foods, the owner of Tops, marking a positive move for the company.

RVNL received a letter of acceptance from HPSEBL for developing distribution infrastructure in Himachal Pradesh’s Central Zone, with a project value of Rs 729.82 crore, enhancing growth prospects for the company.

Adani Ports saw an upgrade in ESG risk rating by Sustainalytics, ranking second in the marine ports subindustry, showcasing a positive shift in its risk profile.

Biocon received final approvals from the US FDA for Lenalidomide Capsules and Dasatinib Tablets, indicating positive developments in its pharmaceutical business.

IFCI allocated 8.07 crore equity shares to the Government of India through the President of India on a preferential basis, signaling a positive move for the company.

Refex Industries’ eVeelz announced the expansion of its EV Fleet with 1000 electric cars in a Strategic Partnership with a leading ride-hailing platform, marking positive growth potential for the company.

Piramal Enterprises’ promoter group purchased 2,40,000 equity shares, showcasing confidence in the company’s prospects.

Force Motors reported a 46.3% increase in sales in February, with 3,600 units sold compared to 2,461 units the previous year, indicating positive sales growth.

PTC India announced the expansion of its renewable energy footprint through the acquisition of PTC Energy by ONGC, reflecting a positive move towards sustainability.

Oil downstream companies saw Brent oil prices slipping below $70/bbl for the first time since October, signaling positive developments in the oil market.

RDB Infrastructure sold a non-agricultural land plot for Rs. 60 crore, indicating positive liquidity for the company.

JSW Energy received approval from the Competition Commission of India (CCI) for the acquisition of KSK Mahanadi Power Company, maintaining a neutral stance on the company’s prospects.

IKIO Lighting changed its name to IKIO Technologies Ltd, effective March 4, 2025, reflecting a neutral development for the company.

Dr Reddy’s sold a 14-drug portfolio to Senores Pharma for US market expansion, marking a neutral move for the company.

Viceroy Hotels received a demand notice for cross-subsidy surcharge from Southern Power Distribution Company of TS Ltd, holding a neutral stance on the company’s financials.

Coforge’s board approved a stock split in the ratio of 1:5, indicating a neutral move for the company.

Grasim Industries commenced commercial production of Birla Opus Paints plant at Mahad, Maharashtra, showcasing a neutral development for the company.

Paramount Cosmetics received credit ratings from CARE Ratings Ltd. for its banking facilities, indicating a neutral stance on the company’s creditworthiness.

Hubtown Ltd is on track to complete its major Ghatkopar project, reflecting a neutral stance on the company’s project completion.

Saint-Gobain’s Chief Financial Officer resigned, marking a neutral development for the company.

Ashiana Ispat’s Secretary and Compliance Officer resigned, indicating a neutral move for the company.

Avenue Supermarts opened a new store in Kodad, Telangana, bringing its total stores to 392, marking a neutral expansion for the company.

Walchandnagar approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to Rs 16 crore, reflecting a neutral move for the company.

APL Apollo Tubes saw reaffirmed ratings from CARE Ratings of ‘CARE AA; Positive, indicating a neutral stance on the company’s creditworthiness.

Rajoo Engineers’ board approved raising up to Rs. 225 crore through QIP, reflecting a neutral move for the company.

Apollo Hospitals plans to commission a comprehensive Oncology centre at a cost of ₹250 crore, signaling a neutral move towards healthcare expansion.

Pentagon Rubber appointed Mrs. Priyanka Sharma as Company Secretary, Compliance Officer, and Key Managerial Personnel, reflecting a neutral development for the company.

Suryoday Small Finance Bank announced the resignation of its Chief Business Officer, Mr. Himanshu Mishra, marking a neutral move for the bank.

Ambuja Cements’ acquisition of Orient Cement was cleared by CCI, reflecting a neutral development for the company.

MEP Infrastructure saw the resignation of its Company Secretary & Compliance Officer, Mr. Vikram Mukadam, marking a neutral move for the company.

Hinduja Global Solutions’ credit rating was downgraded by CRISIL from CRISIL A+/Stable to CRISIL A/Stable, reflecting a negative outlook for the company.

Ola Electric Mobility received a letter regarding a milestone not being met in the PLI ACC scheme, working with authorities to respond, marking a negative development for the company.

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