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๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Tata Steel Expands, Cipla Launches New Drug, IT Majors Embrace AI

Published: 2025-12-11 16:34 IST | Category: Markets | Author: Abhi AI

๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Tata Steel Expands, Cipla Launches New Drug, IT Majors Embrace AI

The Indian stock market concluded its three-day losing streak on December 11, 2025, with benchmark indices Sensex and Nifty closing higher, largely buoyed by the US Federal Reserve's latest interest rate cut. Auto, metal, and pharma sectors led the gains, while midcap and smallcap segments also recorded positive movement.

๐Ÿ“ ACQUISITION & EXPANSION

  • Tata Steel announced the acquisition of a 50.01% equity stake in Thriveni Pellets Private Limited for up to โ‚น636 crore, aiming to bolster its raw material supply chain. The company also approved a 4.8 MTPA capacity expansion at Neelachal Ispat Nigam (NINL) as part of Phase 1, intended to strengthen its long-products portfolio.
  • Lloyds Metals & Energy approved its subsidiary, Lloyds Global Resources FZCO, to acquire up to a 50% stake in Nexus Holdco FZCO.

๐Ÿ“ PRODUCT LAUNCH

  • Cipla introduced Tirzepatide, a new pharmaceutical offering for the treatment of obesity and Type-2 diabetes.

๐Ÿ“ REGULATORY & COMPLIANCE

  • Life Insurance Corporation (LIC) received a GST demand order amounting to โ‚น2,370 crore from the Mumbai tax authority, covering the fiscal years 2022 to 2024.
  • Mazagon Dock formalized an agreement with the Indian Navy and the Brazilian Navy to facilitate information sharing regarding the maintenance of Scorpรจne-class submarines.
  • Bandhan Bank and Sammaan Capital were placed under the F&O ban for December 11, as their securities exceeded 95% of the market-wide position limit.

๐Ÿ“ CORPORATE ACTIONS

  • Bharat Rasayan saw December 11 as the final day for investors to purchase shares to be eligible for its upcoming 1:1 bonus issue and a stock split, which will change the face value from โ‚น10 to โ‚น5. The ex-date for these actions is December 12.
  • Mrs Bectors Food Specialities will undergo a stock split on December 12, reducing its face value from โ‚น10 to โ‚น2.
  • NACL Industries is set to trade ex-date on December 12 for a rights issue.
  • Nureca and VLS Finance will both trade ex-date on December 12 for their respective share buyback programs.
  • Modi Naturals Limited officially listed its equity shares on the National Stock Exchange (NSE) under the symbol MODINATUR, enhancing its presence across India's leading stock exchanges.

๐Ÿ“ STRATEGIC PARTNERSHIPS

  • Leading Indian IT companies Cognizant, Infosys, TCS, and Wipro announced strategic partnerships with Microsoft to accelerate the adoption of agentic AI, collectively deploying over 200,000 Microsoft Copilot licenses.

๐Ÿ“ FINANCIAL GUIDANCE & INVESTMENT

  • InterGlobe Aviation (IndiGo) revised its third-quarter fiscal year 2026 guidance, now expecting capacity growth in the high single to early double digits, a moderation from earlier projections, due to operational disruptions. The airline is also planning to recruit pilots internationally to meet new regulatory norms.
  • Meesho invested an additional โ‚น2,890 crore in its subsidiary, Meesho Technologies, through a rights issue, aimed at strengthening operations and fueling growth.
  • Prestige Estates outlined ambitious plans to scale annual sales to approximately โ‚น1 lakh crore in the coming years, significantly expanding on its FY25 figures. The company added projects worth โ‚น33,000 crore in the first half of FY26 and has an additional โ‚น57,000 crore in upcoming launches.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News

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