Banking and interest-rate-sensitive sector stocks such as NBFCs, realty, automobile, and others will remain in focus as the RBI announces its interest rate decision today. The central bank is widely expected to hike the rate by 25 basis points.
JSW Cement expands grinding capacity in Rajasthan
JSW Cement Ltd, part of Sajjan Jindal-promoted diversified JSW Group, on Tuesday (October 6) said it has commissioned an additional 1 MTPA cement grinding unit in Nagaur, Rajasthan, taking its total cement grinding capacity to 25.1 MTPA.
PTC Industries launches ₹1,800 crore QIP
PTC Industries has launched a qualified institutional placement (QIP) to raise up to ₹1,800 crore, by offering around 5.7% of the company’s pre-issue paid-up equity capital. The indicative floor price for the issue has been set at ₹21,060 per share, as against Tuesday’s closing price of Rs 23,155.
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KIMS to acquire up to 51% stake in Insignia Healthcare
Krishna Institute of Medical Sciences Limited (KIMS) has announced that its Board of Directors approved a proposal to acquire up to a 51% equity stake in Insignia Healthcare Private Limited (KIMS-SIKHARA). The strategic acquisition will be executed as a creeping acquisition over an indicative timeline of 12 to 24 months, strengthening KIMS’ position as the target entity’s Operations and Maintenance (O&M) manager. Insignia Healthcare Private Limited, incorporated on July 02, 2018, is headquartered in Guntur, Andhra Pradesh. The company owns and operates a newly developed multi-speciality facility, KIMS-SIKHARA, equipped with advanced medical infrastructure, diagnostic equipment, and multiple operation theatres.
Endurance Technologies to acquire two European companies
Endurance Technologies has announced a key international acquisition in Europe. The company’s wholly owned step-down subsidiary, Endurance Overseas SpA, Italy (EOSpA), entered into a Share Purchase Agreement (SPA) to acquire a 100% equity stake in Anna Milena SpA and Fondalpress SpA for an agreed total consideration of €12.34 million. Although the gross acquisition consideration stands at €12.34 million, the target entities hold cash and cash equivalents of €10.10 million. Consequently, the effective net consideration for the acquisition translates to €2.24 million.
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Hinduja Tech appoints Faiz Ahmad as CEO
Ashok Leyland’s subsidiary, Hinduja Tech, on Tuesday announced the appointment of seasoned industry executive Faiz Ahmad as its Chief Executive Officer, effective November 1. Ahmed succeeds incumbent Kumar Prabhas, who retires on October 31 after serving in the position for nine years, the company said. To ensure a smooth and seamless transition, Prabhas and Ahmad will work closely together throughout October, it said.
Axis Solutions wins ₹43.51 crore hydrogen project
Axis Solutions Limited has bagged a project worth approximately €4.03 million (₹43.51 crore approximately) from John Cockerill Hydrogen – Belgium SA for the design, manufacturing and supply of 100+ Gas Analysers for the Kakinada project in India. The project covers Oxygen (O2) and Hydrogen (H2) analysers with sample handling systems for the project’s 32 gas separation units.
Container Corporation receives ₹87.15 crore railway order
Container Corporation has received an order worth ₹87.15 crores (Including GST), excluding the Free Supply Items from Southern Railway, Tiruchirapalli.
Gujarat Apollo Industries exits Credo Advanced Chemicals
Gujarat Apollo Industries has informed the exchanges that it has executed and completed the sale of its entire shareholding comprising 1,34,40,000 equity shares of ¥10 each, representing 17.92 per cent of the equity share capital of Credo Advanced Chemicals Limited (formerly known as Credo Mineral Industries Limited), an unlisted company. The shares have been sold for an aggregate consideration of ¥37,63,20,000. Accordingly, the Company no longer holds any shareholding in CACL.
CCI approves CPP Investments stake in Prestige Hospitality
The Competition Commission of India has approved Canada’s CPP Investments proposal to acquire a stake in Prestige Hospitality Ventures, a hospitality platform of Prestige Estates Projects Ltd (Prestige Group). Last week, Canada Pension Plan Investment Board (CPP Investments) announced a 441 million Canadian dollars (₹3,000 crore) investment in Prestige Hospitality Ventures to acquire a 27 per cent stake.
Sharvaya Metals commissions aluminium extrusion facility
Sharvaya Metals Ltd has announced the installation and commissioning of its state-of-the-art Aluminium Extrusion Facility at its manufacturing plant in Ahilyanagar, Maharashtra. The company formally inaugurated the facility on October 5, 2026. The milestone marks the completion of the company’s alloy-to-component value chain and expands its focus on value-added, technology-driven aluminium products. Dhanuka Agritech has received Entry Tax demand orders worth ₹55.53 crore cumulatively from the office of the Excise & Taxation Department, Gurugram, for 7 years starting from 2008-09 to 2014-15. Based on the Company’s assessment, the aforesaid demands are not maintainable, and the Company is evaluating all options, including filing a writ against the orders, it said.
Regaal Resources restores Bihar plant operations
Regaal Resources Limited has announced the successful restoration of operations at its manufacturing facility in Bihar. This announcement follows the company’s earlier updates on operational disruptions caused by damage to critical power equipment.
Om Power Transmission gets ₹60.48 crore GETCO LOI
Om Power Transmission Ltd has announced the receipt of a significant Letter of Intent (LOI) from Gujarat Energy Transmission Corporation Limited (GETCO). The contract entails the supply, erection, testing, and commissioning of 220kV and 66kV equipment and materials on a turnkey basis, along with civil works for the 220kV Kotda-Sanghani AIS Substation. The total consideration for the project is ₹60.48 crore, inclusive of Goods and Services Tax (GST).