India Daybook: April 08, 2026

📍 REGULATORY APPROVAL

• Alembic Pharmaceuticals: The company received final USFDA approval for its generic Dapagliflozin tablets (5 mg and 10 mg), used for treating Type-2 diabetes. The approval grants Alembic 180 days of shared generic exclusivity in a market estimated at $10.5 billion.
• Aurobindo Pharma: Secured final USFDA approval for generic Dapagliflozin and Metformin Hydrochloride extended-release tablets, a generic version of AstraZeneca’s Xigduo XR. The company is also eligible for 180 days of shared generic exclusivity.

📍 ORDER WIN

• Deep Industries: The company has received a significant new work order from ONGC. The contract further strengthens its order book in the oil and gas services segment.
• Marine Electricals (India): Secured a strategic order valued at approximately ₹115 crore for the supply of electrical and automation solutions for the Tata Group’s semiconductor fabrication facility in Dholera, Gujarat.

📍 LOAN SANCTION

• IRFC (Indian Railway Finance Corporation): The company has officially sanctioned a term loan to MAHAGENCO (Maharashtra State Power Generation Company) to support its upcoming power projects and infrastructure requirements.

📍 CORPORATE ACTION

• Varun Beverages: The stock will trade ex-dividend today, April 8, following the board's recommendation of a final dividend of ₹0.50 per equity share for the financial year ended December 2025.
• Gravity India: Shares will trade ex-date today for its rights issue. The company is offering 23 equity shares for every 3 shares held by eligible shareholders at a price of ₹10 per share.

📍 MARKET WATCH

• RBI Monetary Policy: The Monetary Policy Committee (MPC) is scheduled to announce its interest rate decision today. Most analysts expect the repo rate to remain unchanged at 5.25%, though commentary on inflation and growth projections will be closely watched by the banking and realty sectors.
• GIFT Nifty: The index surged nearly 800 points in early trade, reflecting global optimism following reports of a potential two-week pause in US-Iran geopolitical tensions, which has also led to a sharp drop in crude oil prices.

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