BSE replaces Wipro in Nifty 50 from Sept. 30. TCS and HCLTech flag data-safety probes. Lupin wins U.S. FDA approval for a hyperkalemia drug. Lemon Tree signs two hotels.
BSE, the bourse operator, will join the Nifty 50 effective Sept. 30 in a reshuffle that pushes Wipro out. The National Stock Exchange's half-yearly review also added Hitachi Energy India, Polycab India, Vedanta Aluminium Metal and Vodafone Idea to the Nifty 100. Indian Hotels, Lodha Developers, REC, Shree Cement and United Spirits exit that index. Wipro moves to the Nifty Next 50. LIC, Meesho, Bank of Maharashtra, Hindustan Copper, NLC India and REC enter the Nifty 200.
TCS said Monday it received threat-intelligence alerts about a possible leak of basic employee data. The company said there is no indication customer data, customer systems or its own operational systems were affected. Separately, HCL Technologies told exchanges that claims by a hacker group about potential exposure of limited data elements relate to information that may be dated a few years back. There is no evidence of a breach to the company's systems or client engagement, HCL said, adding that further investigation is underway.
Lupin won U.S. FDA approval for its generic Sodium Zirconium Cyclosilicate oral suspension, a treatment for hyperkalemia in adults. The drug is bioequivalent to AstraZeneca's Lokelma.
Lemon Tree Hotels signed for two new properties. One is Keys Select by Lemon Tree Hotels, Mcleodganj in Himachal Pradesh, pushing the group's portfolio in the state to 12 hotels. The second is Lemon Tree Premier, Madurai in Tamil Nadu. Both will be managed by Carnation Hotels, a wholly owned subsidiary.
Dilip Buildcon's board approved the sale of its stake in Mekhali Power Transmission Ltd and DBL Renewable Pvt Ltd to Alpha Alternatives Fund Advisors. The combined project cost is about ₹8,400 crore. The power transmission project is a 400-kV substation spanning roughly 470 circuit km in Belagavi, Karnataka.
Adani Cement Industries, a wholly owned unit of Ambuja Cements, commissioned a 1.2 million tonne per annum brownfield expansion of its cement grinding unit at Dahej, Gujarat. Ambuja's consolidated cement capacity is now 110.05 MTPA.
Prestige Estates' board approved a binding framework agreement with CPP Investment Board Private Holdings (4) Inc. and Prestige Hospitality Ventures. CPPIB proposes to invest up to ₹3,000 crore into PHVL for an aggregate equity stake of up to 28%.
Krystal Integrated Services, in consortium with LC Infra Projects, bagged two work orders from the Maharashtra Urban Development Department worth a combined ₹740.06 crore. The contracts cover sewage treatment plants, interception and diversion, and sewer networks under the Swachh Maharashtra Mission. Krystal holds a 40% stake, giving it a share of about ₹296.03 crore. Execution runs two years.
Bharat Electronics secured additional orders worth ₹541 crore since its last disclosure on July 31. The orders cover communication equipment, electro-optics, ammunition fuzes, CBRN systems, spares and services.
RailTel received a ₹119.86 crore order from the Department of Posts for cloud services for Postal Life Insurance.
Texmaco Rail signed an MoU with Belgium's The Signalling Company NV to develop European Train Control System solutions and advance train protection technologies including Indian Railways' Kavach system. The alliance is non-equity and does not create a joint venture or legal partnership.
Zen Technologies won a domestic contract valued at ₹295 crore from the Ministry of Defence to supply advanced simulators. Delivery is slated within one year.
APAR Industries launched a qualified institutions placement to raise ₹2,500 crore at an indicative price of ₹14,805 per share.
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