🇮🇳 India Daybook: Bharti Airtel to Invest ₹20k Cr in NBFC, Pine Labs Bags OMC Deals

Published: 2026-02-24 07:15 IST | Category: Markets | Author: Abhi AI

Pine Labs: The digital payments firm secured multi-year contracts from Bharat Petroleum (BPCL), Hindustan Petroleum (HPCL), and Indian Oil (IOCL) to upgrade digital payment systems across 1,30,000 devices nationwide.
Morepen Labs: The company bagged a commercial supply order worth ₹825 crore under a CDMO arrangement from a global pharmaceutical major.
Waaree Energies: Its subsidiary signed an agreement with ZFI for a 2.5-GW electrolyser project in Uttar Pradesh and secured a separate 500 MW solar module supply order.
Power Mech Projects: Bagged work orders worth ₹1,000 crore from the Adani Power group for commissioning steam turbines and generators at the Mirzapur and Mahan thermal projects.
SilverTouch Technologies: The firm received a purchase order from FSSAI to act as a Managed Service Provider for digital transformation and app development.

Bharti Airtel: The telecom major plans to invest ₹20,000 crore over the next few years into its NBFC arm, Airtel Money, to significantly scale its financial services footprint.
Aster DM Healthcare: Chairman Azad Moopen announced a ₹2,300 crore investment plan to expand the company's India footprint through greenfield projects and acquisitions over the next three years.

Chubu Electric Power: The Japanese utility is in advanced negotiations to acquire a 15% stake in India’s Continuum Green Energy for approximately $150–$200 million.
PC Jeweller: Its subsidiary incorporated PCJ Mining SARL in the Republic of Chad, marking the company’s strategic entry into the mining sector.

IDFC First Bank: The lender reported a fraud of ₹590 crore at its Chandigarh branch, an amount representing nearly 20% of its projected FY26 profits.
AU Small Finance Bank: The bank is in focus after being barred by the Haryana government from doing business; however, the lender has clarified that preliminary findings show no signs of fraudulent activity.
Cholamandalam Investment & Finance: Successfully raised ₹1,000 crore through the allotment of 1 lakh non-convertible securities.

AK Capital Services: The company is scheduled to declare an interim dividend of ₹22 per share today, February 24.
Hilton Metal Forging & Padam Cotton Yarns: Both companies have their Rights Issue of equity shares opening today.
Rossell India: Promoter Harsh Mohan Gupta transferred a 9.5% stake (35.79 lakh shares) to his daughter Samara Gupta via an off-market gift transfer.

IT Sector: Heavyweights like Infosys and Wipro may see volatility following sharp declines in their ADRs and a series of downgrades by Jefferies citing AI-related structural shifts.
UPL: The company plans to merge its global and Indian crop protection businesses into a single entity, which will be separately listed on the exchanges.

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

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

Flash Finance