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📍 STRATEGIC COLLABORATION

• GMDC & NMDC: The two mining giants have entered into a strategic collaboration pact to explore and develop opportunities in the Rare Earth Elements (REE) sector, aiming to secure India's critical mineral supply chain.
• Cupid Limited: The company announced a strategic branding alignment of "Japanese Quality" for its "Made in India" products and is currently developing a specialized Nitrile female condom.

📍 ORDER WIN

• RVNL: The company has received a Letter of Award (LoA) worth ₹95 crore from NMDC for infrastructure-related works.
• Asian Energy Services: Vedanta has extended the company’s Operations & Maintenance (O&M) contract for an additional year at existing rates.

📍 REGULATORY APPROVAL

• Sun Pharma: The US FDA has accepted the supplemental Biologics License Application (sBLA) for ILUMYA (tildrakizumab-asmn) for the treatment of adults with active psoriatic arthritis.
• Zydus Lifesciences: Received approval from China's NMPA for Desidustat, an oral HIF-PHI treatment for renal anemia in non-dialysis Chronic Kidney Disease patients.
• Alkem Laboratories: The company’s Baddi facility has successfully received EU GMP certification, clearing the path for expanded exports to European markets.

📍 ACQUISITION & STAKE SALE

• Sagar Cements: The company has launched an Offer for Sale (OFS) to sell a 7.24% stake in its subsidiary, Andhra Cements, with a floor price set at ₹52 per share.
• Bharat Forge: PI Opportunities Fund has completed the acquisition of a 23% stake in JS Auto, a subsidiary of Bharat Forge, for a total consideration of ₹300 crore.
• CLC Industries: Promoter Manjeet Cotton Private Limited announced an OFS of 5.19 lakh shares (5% stake) starting today at a floor price of ₹17 per share.

📍 STOCK IN FOCUS: LOCK-IN EXPIRY

• Urban Company: A massive 940.9 million shares, representing approximately 66% of the company's outstanding equity, become eligible for trading today as the six-month IPO lock-in period expires.
• ICICI Prudential AMC: Shares representing 1% of the outstanding stake (7 million shares) are now eligible for trade following the expiry of the lock-in period.
• Fractal Analytics: Approximately 4% of the company's outstanding stock (6.9 million shares) enters the open market today post-lock-in expiry.

📍 PRICE HIKES & CORPORATE UPDATES

• Tata Motors: The company will implement a price hike of up to 1.5% across its commercial vehicle range starting April 1, 2026, to offset rising input and commodity costs.
• L&T Technology Services: The company has launched an Nvidia-powered "AI Lung Digital Twin" platform designed to provide advanced respiratory diagnostics and personalized treatment.
• Fino Payments Bank: Reported a record deposit balance of ₹2,900 crore as of mid-March, reflecting strong growth in its customer base.

📍 TAX & LEGAL

• Tata Consumer Products: The company has received an income tax demand of ₹98.03 crore for FY23 and has confirmed it will be filing an appeal against the order.

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

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