🇮🇳 India Daybook: TCS Q4 Profit Jumps 29%, Lupin Gets USFDA Nod

📍 QUARTERLY RESULTS

• TCS: Reported a consolidated net profit of ₹13,718 crore for Q4 FY26, marking a 29% QoQ growth. Revenue from operations stood at ₹70,698 crore, up 5.4% sequentially.

📍 ORDER WIN

• KEC International: Secured multiple new orders worth ₹2,518 crore across its civil, transmission & distribution (T&D), and cables businesses.
• Saatvik Green Energy: Bagged a ₹109 crore order from EPC players for the supply of Solar PV Modules.
• Innovosion: Secured a ₹99 crore work order from NHAI for toll collection and facility maintenance.

📍 USFDA APPROVAL

• Lupin: Received USFDA approval for its Abbreviated New Drug Application (ANDA) for Dapagliflozin and Metformin Hydrochloride Extended-Release Tablets, a bioequivalent to Xigduo XR.

📍 ACQUISITION

• Ashiana Housing: Acquired 28.55 acres of land in Pune for a new project with an estimated sales value potential of ₹1,800 crore.
• Redtape: Acquired the rights to the 'Sprandi' footwear and apparel brand for markets in India, Nepal, Bhutan, and Sri Lanka.
• Bosch: Set to acquire Bosch Chassis Systems India for ₹9,069 crore from Robert Bosch, making it a wholly-owned subsidiary.

📍 STRATEGIC PARTNERSHIP

• NTPC: Signed an MoU with France’s EDF to jointly develop nuclear power projects in India.
• BHEL: Partnered with E2S for excitation systems to enhance power plant efficiency.

📍 CORPORATE ACTION

• Jash Engineering: Trading ex-dividend today for an interim dividend of ₹0.60 per share.
• R M Drip and Sprinklers Systems: Trading ex-bonus today following the approval of a 5:7 bonus issue.
• Puretrop Fruits: Trading ex-date today for its share buyback (₹200/share) and rights issue.

📍 BUSINESS UPDATES

• NHPC: Received Cabinet Committee on Economic Affairs (CCEA) approval for the ₹26,070 crore Kamala Hydroelectric Project in Arunachal Pradesh.
• JSW Steel: Reported total crude steel production of 30.14 MT for FY26, an 8% increase year-on-year.
• IRB Infrastructure: March toll collections rose 20.7% YoY to ₹784 crore; total FY26 collections reached ₹8,323 crore.
• Container Corp: Reported a 6% YoY increase in total throughput for Q4, reaching 1.4 million TEUs.

📍 FUNDRAISING / BUYBACK

• Wipro: Board meeting scheduled for April 16 to consider a proposal for an equity share buyback.
• HDFC Life: Board to meet on April 16 to consider raising funds through the issuance of equity shares.

📍 APPOINTMENT

• IndusInd Bank: Appointed Jagdeep Mallareddy as the new Head of Consumer Banking.

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