🇮🇳 India Daybook: NBCC Bags ₹500 Cr Order, Adani & Bajaj Finance Set for Q3 Results

📍 ORDER WIN

• NBCC (India): The state-owned construction major has secured new work orders worth over ₹500 crore, continuing to benefit from the government's aggressive urban development and infrastructure push.
• HBL Power Systems: The company won a ₹575 crore KAVACH order from Integral Coach Factory; management expects KAVACH-related revenue to reach approximately ₹1,880 crore for FY26.
• Dell Technologies: The tech giant has been selected to supply core AI infrastructure for India's first and largest dedicated AI factory in partnership with NxtGen AI Pvt Ltd.

📍 ACQUISITION

• Reliance Industries: The company has officially disclosed the acquisition of a 50.1% equity stake in Sikhya Entertainment Private Limited to bolster its content portfolio.
• Devyani International: The board is meeting today to consider the issuance of non-convertible preference shares to fund the acquisition of an additional equity stake in its subsidiary, Sky Gate Hospitality.

📍 EARNINGS

• Adani Enterprises: Scheduled to announce its third-quarter financial results today, with investors closely monitoring performance across its infrastructure and energy segments.
• Bajaj Finance: The NBFC major is set to report its Q3 earnings today; market participants are focusing on loan growth projections, net interest margins, and liquidity ratios.
• Varun Beverages: Expected to release its Q3 results today, with a focus on volume growth and updates regarding its international expansion strategy.
• Bajaj Housing Finance: Reported a 21% jump in Q3 net profit to ₹665 crore, while its Net Interest Income (NII) rose 19% year-on-year to ₹963 crore.
• PB Fintech: The parent company of Policybazaar reported that its quarterly profit more than doubled due to surging demand for health and life insurance products.

📍 IPO & LISTING

• Brandman Retail: The Initial Public Offering for this premium international brand distributor opens today, February 4, aiming to raise ₹86.09 crore for retail network expansion.

📍 CORPORATE ACTION

• Gillette India: Today is the record date for a substantial ₹180 interim dividend, which includes a regular dividend of ₹120 and a one-time special payout of ₹60 per share.
• ITC & Indian Energy Exchange (IEX): Both companies have set today as the record date for their respective interim dividend payouts to eligible shareholders.

📍 PHARMA UPDATE

• Lupin: The pharmaceutical major has launched generic Dasatinib tablets (a cancer medication) in the United States and recently reached a new 52-week high of ₹2,249.3 on the exchanges.

📍 ANALYST MEET

• Star Health Insurance: The company has scheduled an analyst and institutional investor meeting with ICICI Prudential AMC today in Mumbai to discuss business exigencies and strategic updates.

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