🇮🇳 India Daybook: Wipro Eyes Buyback, GAIL Green-lights ₹3,800 Cr Solar Push

📍 EARNINGS

• Wipro: The IT giant is set to announce its Q4 FY26 results today. Investors will closely watch for the board's decision on a proposed share buyback and management commentary on AI-led growth.
• ICICI Prudential Life: The insurer reported a significant 58% YoY increase in net profit, reaching ₹609 crore for the quarter ended March 2026, up from ₹386 crore in the previous year.
• HDB Financial Services: The NBFC posted a robust 41.4% YoY growth in profit after tax, totaling ₹751 crore for Q4 FY26.
• HDFC AMC & Others: Several major companies are slated to release their quarterly earnings today, including HDFC AMC, Angel One, CRISIL, and HDFC Life.

📍 INVESTMENT & EXPANSION

• GAIL (India): The board has approved a ₹3,800 crore investment to develop 700 MW of solar power projects in Uttar Pradesh and Maharashtra, significantly boosting its clean energy capacity from 147 MW to over 1,000 MW.
• Aurobindo Pharma: Expanding its biopharma footprint, its arm TheraNym Biologics will invest between $150–175 million in a greenfield project to support a contract manufacturing agreement with MSD Singapore.

📍 ORDER WIN

• H.G. Infra Engineering: The company has successfully secured the Mirzapur Thermal Project, adding to its growing infrastructure order book.
• Hindustan Zinc: Shares will be in focus as the company won a mineral block in Rajasthan through a government-led e-auction.
• Indiqube: The flexible workspace provider secured a contract worth ₹52 crore from a prominent Japanese e-commerce major.

📍 ACQUISITION

• Rubicon Research: The company has signed an agreement to acquire an 85% stake in Arinna Lifesciences for a total consideration of ₹176 crore.
• Varun Beverages: The FMCG major has further diversified its energy and infrastructure interests by acquiring a 29.99% stake in FPEL.

📍 CORPORATE ACTION

• Adani Enterprises: The board approved the allotment of 90.1 lakh equity shares to the shareholders of Adani Emerging Business as part of its ongoing business restructuring.
• Tata Communications: The company has issued commercial paper worth ₹400 crore to address short-term capital requirements.

📍 OTHER NEWS

• NSE: The National Stock Exchange received name reservation approval from the Ministry of Corporate Affairs for its proposed subsidiary, "National Coal Exchange of India Limited."
• GMR Airports: Reported a 0.9% YoY increase in passenger traffic, handling approximately 32 million passengers in Q4 FY26, with international travel showing steady recovery.
• SAMHI Hotels: The company signed a lease agreement for a 162-room hotel in Noida and entered a long-term deal with Ingka Group to develop an upscale hotel in a mixed-use project.

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