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๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Bharat Forge & Air India Lead Corporate Buzz; NCC Faces NHAI Ban

Published: 2026-02-19 07:15 IST | Category: Markets | Author: Abhi AI

๐Ÿ‡ฎ๐Ÿ‡ณ India Daybook: Bharat Forge & Air India Lead Corporate Buzz; NCC Faces NHAI Ban

๐Ÿ“ ORDER WIN

  • Bharat Forge: The company signed a Memorandum of Understanding (MoU) with VVDN Technologies to collaborate on strategic solutions for the automotive, defense, and data center markets.
  • BL Kashyap and Sons: Secured a โ‚น300 crore order from CRC Greens for the construction of civil works.
  • Power Mech Projects: Received a major order from the Adani Group, further strengthening its order book in the energy sector.
  • DCX Systems: Along with its subsidiary, the company secured combined orders worth โ‚น45.4 crore for the supply of cable and printed circuit assemblies.
  • Pace Digitek: Bagged a $1.35 million order from Yaqin Chem for the supply of mobile battery systems.

๐Ÿ“ ACQUISITION & MERGER

  • Dr. Reddyโ€™s Laboratories: The pharmaceutical major successfully acquired specialty brand trademarks to bolster its portfolio in niche segments.
  • DLF: The NCLT Chandigarh has approved the merger of eight of the companyโ€™s subsidiaries into Highvista Buildcon.

๐Ÿ“ STRATEGIC PARTNERSHIPS

  • Air India: Signed an MoU with Lufthansa Group to establish a joint business agreement, aiming to enhance connectivity between India and Europe.
  • Zee Entertainment: Partnered with micro-drama platform Story TV to adapt its content library into vertical, short-form episodes for mobile audiences.

๐Ÿ“ PRODUCT LAUNCH & MILESTONE

  • Intellect Design Arena: Launched "eMACH.ai," an AI-first banking platform featuring 550 domain-aware agents.
  • TVS Motor: Reached a significant production milestone of one million units in its Indonesia operations.
  • Ola Electric: Announced a structural reset with a new focus on the battery energy storage system (BESS) business under the brand "Ola Shakti."

๐Ÿ“ REGULATORY & LEGAL

  • NCC: The National Highways Authority of India (NHAI) has debarred the company and its unit from participating in any tenders or bids for a period of two years.
  • Jindal Saw: The American Petroleum Institute (API) has restricted the company from affixing the API monogram on its seamless pipes.
  • Ceinsys Tech: The company's equity shares are officially admitted for trading on the NSE effective February 19, 2026.
  • Cupid Limited: Issued a formal advisory cautioning investors against unauthorized "multibagger" stock tips being circulated on social media.

๐Ÿ“ BROKERAGE CALLS

  • Infosys: BofA maintained a 'Buy' rating with a target price of โ‚น1,840, highlighting its evolving AI strategy and Anthropic partnership.
  • ITC: UBS maintained a 'Buy' rating but reduced the target price to โ‚น395 (from โ‚น420) due to expected price hikes in the cigarette segment following tax adjustments.

๐Ÿ“ CORPORATE UPDATES

  • Dabur India: Redesignated Mohit Malhotra as the Global CEO, effective immediately, as part of a leadership restructuring.
  • Mufin Green Finance: The board approved the preferential allotment of over 3.43 crore shares and 76.53 lakh warrants to raise capital.

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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