🇮🇳 India Daybook: BSE to Join Nifty 50, Lupin Secures USFDA Approval

📍 INDEX REJIG

• BSE: The stock will be in focus as it is set to replace Wipro in the benchmark Nifty 50 index effective September 30, 2026. Analysts expect potential passive inflows of approximately $741 million into BSE, while Wipro could see outflows of $246 million.

📍 ORDER WIN

• Bharat Electronics (BEL): The defense major has secured multiple orders worth ₹541 crore since July 31, 2026, further strengthening its order book.
• Jupiter Wagons: The company has bagged orders worth ₹211 crore from JSW Port Logistics and Orissa Alloy Steel for the supply of specialized wagons.

📍 REGULATORY APPROVAL

• Lupin: The pharmaceutical company has received approval from the US FDA for its Sodium Zirconium Cyclosilicate for Oral Suspension, used in the treatment of hyperkalemia.

📍 EARNINGS

• Hindalco Industries: The company reported a strong quarterly performance with a statutory profit of ₹31.51 per share, beating analyst estimates by 18%.
• Electronics Mart India: The company's shares surged following quarterly results that met revenue targets at ₹24 billion, with analysts subsequently upgrading their earnings per share forecasts.
• Inox Wind: The company reported its Q1 results for the current fiscal year, remaining a key stock in focus for the renewable energy sector.

📍 FUNDRAISING & QIP

• TVS Motor: The company has successfully allotted Non-Convertible Debentures (NCDs) worth ₹1,000 crore through a private placement.
• APAR Industries: The company has launched its Qualified Institutional Placement (QIP) issue with a floor price set at ₹14,801.25 per share.

📍 CORPORATE ANNOUNCEMENT

• TCS: The IT giant clarified that it found no credible evidence of an employee data breach, reassuring stakeholders that no customer data or internal systems were compromised.
• Zaggle: The company has entered into an amendment agreement with APAC to modify existing service terms.

📍 MOU & PARTNERSHIP

• Texmaco Rail: The company signed a Memorandum of Understanding (MoU) with Belgium-based The Signalling Company NV to collaborate on ETCS and Kavach signaling technologies.

📍 CAPACITY EXPANSION

• JSW Energy: The company announced that its operational capacity has reached 14,920 MW, following the addition of 1,166 MW of renewable capacity and 300 MW of inorganic thermal capacity since April.

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