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Breaking India News Today | In-Depth Reports & Analysis – IndiaNewsWeek > Economy > Sensex and Nifty Begin Week with Modest Gains amid Lingering Tariff War Concerns
Economy

Sensex and Nifty Begin Week with Modest Gains amid Lingering Tariff War Concerns

Economy Desk By Economy Desk March 6, 2025 4 Min Read
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Zydus Lifesciences has obtained approval from the USFDA to sell generic leukaemia tablets, marking a positive development for the company. In another positive move, TCS has partnered with Vantage Towers to enhance Telecom Site Management in Europe. Galaxy Surfactants has entered into a strategic collaboration with a global customer for providing EPC Services, adding to its positive news. Wipro has launched TelcoAI360 to transform operations for telcos through AI, another positive development in the industry.

GHV Infra has secured a Rs. 363.00 Cr EPC order for a 100 MW solar power project in Gujarat, reflecting a positive trend in the renewable energy sector. R Systems has launched an IoT Smart C2C Connector on AWS, simplifying smart home device integration. Jaykay Enterprises’ subsidiary has received possession of 5 acres of land for a manufacturing unit, signifying progress for the company.

Cellecor Gadgets has partnered with Zepto, a leading quick commerce platform in India, to expand its online sales channels. Medplus Health’s subsidiary, Optival Health Solutions Pvt Ltd, has received two suspension orders for drug licenses at Bangalore stores. IOL Chemicals has received a Certificate Of Suitability for its API Product “Quetiapine Fumarate” from the European Directorate For The Quality Of Medicines & Health Care, indicating positive growth.

RPP Infra has received a letter of acceptance (LoA) for a new contract worth Rs 80.98 crore, showcasing growth opportunities for the company. Route Mobile has partnered with Proximus Global, BICS, and Telesign to explore network API solutions in collaboration with Nokia. Auto ancillaries have received a one-month tariff exemption from the US President for vehicles complying with the United States-Mexico-Canada Agreement, promoting growth in the sector.

Brent oil sustaining below $70/bbl is positive news for oil downstream companies. MosChip has launched “MosChip DigitalSky GenAIoT” to accelerate the development of Next-Gen Connected, Intelligent Products. FMCG Stocks are expected to benefit from softened edible oil prices due to China’s imposition of an extra 10% import duty on US Soya.

Zaggle has entered into an agreement with Tech Mahindra Limited, expanding its opportunities in the market. Walchand Nagar’s Chief Financial Officer, Sandeep Kumar Jain, has resigned, marking a neutral development for the company. ACME Solar plans to invest Rs 17,000 crore on capital expenditure by 2026, positioning itself neutrally in the industry.

Vimta Labs has appointed Siva Rama Krishna Kambhampati as CFO of the company, effective March 6, 2025, a neutral move for the company. P N Gadgil has opened a new store in Pimpri Chinchwad, Maharashtra, on Mar 05, 2025, maintaining a neutral stance in the sector. RCC Cements has announced the resignation of its Chief Financial Officer, Mr. Rajesh Kumar, indicating a neutral development.

Manoj Vaibhav Gems & Jewellers is opening a new jewelry store, “Vaibhav Jewellers,” in Palasa, Andhra Pradesh on March 07, 2025, a neutral move in the industry. Orient Electric Ltd has announced the resignation of Ms. Jyotsana Balasubramanian, Head of Internal Audit, effective March 7, 2025, maintaining a neutral position. Amber Enterprises has received a Show Cause Notice from the Principal Commissioner of Customs regarding an incorrect claim of preferential duty, contributing to a neutral stance in the industry.

LIC Housing Finance’s board has approved a borrowing budget of up to ₹1.22 lakh crore for FY26, positioning itself neutrally in the financial market. Hindustan Zinc has scheduled a Committee of Directors meeting on March 10, 2025, to evaluate fundraising through the issuance of listed non-convertible debentures, marking a neutral stance in the industry.

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