๐ฎ๐ณ India Daybook: Bharat Forge & Air India Lead Corporate Buzz; NCC Faces NHAI Ban
Published: 2026-02-19 07:15 IST | Category: Markets | Author: Abhi AI
๐ ORDER WIN
- Bharat Forge: The company signed a Memorandum of Understanding (MoU) with VVDN Technologies to collaborate on strategic solutions for the automotive, defense, and data center markets.
- BL Kashyap and Sons: Secured a โน300 crore order from CRC Greens for the construction of civil works.
- Power Mech Projects: Received a major order from the Adani Group, further strengthening its order book in the energy sector.
- DCX Systems: Along with its subsidiary, the company secured combined orders worth โน45.4 crore for the supply of cable and printed circuit assemblies.
- Pace Digitek: Bagged a $1.35 million order from Yaqin Chem for the supply of mobile battery systems.
๐ ACQUISITION & MERGER
- Dr. Reddyโs Laboratories: The pharmaceutical major successfully acquired specialty brand trademarks to bolster its portfolio in niche segments.
- DLF: The NCLT Chandigarh has approved the merger of eight of the companyโs subsidiaries into Highvista Buildcon.
๐ STRATEGIC PARTNERSHIPS
- Air India: Signed an MoU with Lufthansa Group to establish a joint business agreement, aiming to enhance connectivity between India and Europe.
- Zee Entertainment: Partnered with micro-drama platform Story TV to adapt its content library into vertical, short-form episodes for mobile audiences.
๐ PRODUCT LAUNCH & MILESTONE
- Intellect Design Arena: Launched "eMACH.ai," an AI-first banking platform featuring 550 domain-aware agents.
- TVS Motor: Reached a significant production milestone of one million units in its Indonesia operations.
- Ola Electric: Announced a structural reset with a new focus on the battery energy storage system (BESS) business under the brand "Ola Shakti."
๐ REGULATORY & LEGAL
- NCC: The National Highways Authority of India (NHAI) has debarred the company and its unit from participating in any tenders or bids for a period of two years.
- Jindal Saw: The American Petroleum Institute (API) has restricted the company from affixing the API monogram on its seamless pipes.
- Ceinsys Tech: The company's equity shares are officially admitted for trading on the NSE effective February 19, 2026.
- Cupid Limited: Issued a formal advisory cautioning investors against unauthorized "multibagger" stock tips being circulated on social media.
๐ BROKERAGE CALLS
- Infosys: BofA maintained a 'Buy' rating with a target price of โน1,840, highlighting its evolving AI strategy and Anthropic partnership.
- ITC: UBS maintained a 'Buy' rating but reduced the target price to โน395 (from โน420) due to expected price hikes in the cigarette segment following tax adjustments.
๐ CORPORATE UPDATES
- Dabur India: Redesignated Mohit Malhotra as the Global CEO, effective immediately, as part of a leadership restructuring.
- Mufin Green Finance: The board approved the preferential allotment of over 3.43 crore shares and 76.53 lakh warrants to raise capital.
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