🇮🇳 India Daybook: Reliance Q3 Results in Focus, Zydus Lifesciences Bags USFDA Approval
Published: 2026-01-16 07:15 IST | Category: Markets | Author: Abhi
📍 Q3 EARNINGS & BOARD MEETINGS
- Reliance Industries: The energy-to-telecom conglomerate's board meets today to approve Q3 FY26 results. Investors are anticipating steady growth in the retail and telecom segments, while monitoring the impact of refining margins on the O2C business.
- Central Bank of India: The board will convene today to deliberate on Q3 financial results and a proposal for a third interim dividend for the financial year 2025-26.
- Smartworks Coworking Spaces: The company is scheduled to release its investor presentation today following its unaudited financial results for the December quarter.
📍 REGULATORY APPROVALS
- Zydus Lifesciences: The company has secured final USFDA approval for generic Eltrombopag tablets, used to treat low platelet counts. The drug serves a significant market, with US sales for the molecule exceeding $1.2 billion annually.
- Alembic Pharmaceuticals: Secured tentative USFDA approval for Bosutinib tablets (400mg), targeting a $251 million oncology market opportunity in the United States.
📍 CORPORATE ACTIONS
- HCL Technologies: Today, January 16, serves as the record date for the company's recently announced interim dividend of ₹12 per equity share.
- NLC India: The company has fixed today as the record date for its interim dividend of ₹3.60 per share, following its board's approval of a 36% payout.
- Kotak Mahindra Bank & Ajmera Realty: Both stocks remain in focus as they approach key record dates for their respective stock split corporate actions this week.
📍 STRATEGIC DEVELOPMENTS & ORDERS
- NLC India: The company has entered a pact with the Gujarat government for renewable energy projects, including solar and wind, with an aggregate investment potential of ₹25,000 crore.
- Interarch Building Solutions: Bagged a domestic order worth ₹130 crore for a pre-engineered steel building project, scheduled for execution over the next 17 months.
- Indus Towers: The company has issued a regulatory filing regarding a new acquisition, signaling further expansion in the telecom infrastructure space.
- TCS: Announced a strategic collaboration with AMD to drive AI-led transformation for global enterprises, focusing on enhancing cloud and data center performance.
📍 MARKET CUES
- Technical Outlook: Market experts anticipate a cautious, range-bound start for the indices. The Nifty 50 is expected to find support near the 25,500 level, while resistance is seen around the 25,800 zone amid continued FII selling.
TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News
Tags: India Daybook Stocks in News Corporate News Stock Market Company News