🇮🇳 India Daybook: RailTel Secures Western Coalfields Order, Aurobindo Pharma Clears USFDA Inspection — August 24, 2026

📍 ORDER WIN

• RailTel: The company has bagged a new contract from Western Coalfields for providing IT infrastructure and related services.
• Mankind Pharma: The pharmaceutical giant has announced the expansion of its insulin portfolio in India to strengthen its position in the diabetes care segment.

📍 ACQUISITION

• Info Edge: The Board of Directors has approved a strategic investment of ₹8.90 crore in Udyogtech Ventures to acquire an 18.58% stake.

📍 STRATEGIC MOU

• Kaynes Technology: The company has signed a Memorandum of Understanding (MoU) with Shenzhen-based Bosgame to launch and manufacture its computing products in the Indian market.

📍 REGULATORY

• Aurobindo Pharma: The US FDA inspection at the company's AuroPeptides facility concluded with one observation; the company stated there are no data integrity or GMP compliance concerns.
• JSW Cement: The company received a GST show-cause notice from the Guntur tax office proposing a demand of ₹81.03 crore plus interest and penalties.
• JSW Energy: MSEDCL has challenged an APTEL order in the Supreme Court regarding an ongoing dispute with the company.
• Vimta Labs: The company detected a cybersecurity incident affecting a portion of its IT infrastructure, though operations remain functional.

📍 CORPORATE ACTION

• Gillette India: The stock trades ex-dividend today for a final dividend of ₹60 per share.
• National Aluminium (NALCO): The company trades ex-dividend today for a payout of ₹1 per share.
• TD Power Systems: The stock undergoes a face value split (sub-division) from ₹2 to ₹1 per share effective today.
• Mayank Cattle Food: The company has announced a 1:1 bonus issue, with the stock trading ex-bonus today.
• Other Ex-Dividends: Senco Gold (₹1), India Pesticides (₹0.75), and Pudumjee Paper Products (₹0.60) are among the other stocks trading ex-dividend today.

📍 MANAGEMENT CHANGE

• Indraprastha Gas (IGL): Shareholders have approved the appointment of Kumar Shanker as the new Managing Director of the company.
• RITES: Rahul Mithal has been reappointed as Chairman, Managing Director, and CEO effective from October 2026.
• Finolex Cables: Ratnakar has been reappointed as a Whole-Time Director for a second five-year term.

📍 OTHER NEWS

• Tata Motors PV: The company has announced a price hike of up to ₹25,000 across its ICE and EV portfolio, effective from September 1, 2026.

TAGS: India Daybook, Stocks in News, Corporate News, Stock Market, Company News

Tags: India Daybook Stocks in News Corporate News Stock Market Company News