** 🇮🇳 India Daybook: Landmark $2.6B India-Canada Uranium Deal; Tech Mahindra Eyes Global Pivot

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📍 STRATEGIC PARTNERSHIPS & DEALS

• India-Canada Uranium Pact: Prime Minister Narendra Modi and Canadian PM Mark Carney have signed a landmark $2.6 billion agreement. Under the deal, Canada’s Cameco will supply 22 million pounds of uranium ore concentrate over nine years to fuel India’s civil nuclear energy expansion.
• Tech Mahindra: The IT major has entered exclusive negotiations with Orange Business for a non-equity, global strategic partnership. The deal focuses on digital transformation and includes Tech Mahindra taking over certain global customer support and post-sales operations.

📍 PHARMA & REGULATORY UPDATES

• Caplin Point Laboratories: Its subsidiary, Caplin Steriles, received final USFDA approval for Desmopressin Acetate Injection. The product, a generic version of DDAVP, has an estimated annual US market size of $26 million.
• Zydus Lifesciences: The company secured final USFDA approvals for Ivermectin Tablets (3 mg) and Dapsone Tablets (25 mg and 100 mg), strengthening its anti-parasitic and anti-infective portfolio in the US.
• Lupin: The pharma major received an Establishment Inspection Report (EIR) from the USFDA for its Goa facility. The inspection closed with a "Voluntary Action Indicated" (VAI) status, clearing a path for future product launches from the site.
• Aurobindo Pharma: The USFDA issued four observations following a recent inspection at the company's manufacturing unit in Telangana.

📍 ENERGY & INFRASTRUCTURE

• GAIL India: The PSU gas giant announced plans to invest ₹1,736 crore to develop a wind power project in Maharashtra. This move is part of GAIL’s broader strategy to diversify into renewable energy and reduce carbon footprint.
• Brigade Enterprises: The real estate developer launched a new residential project in Chennai with an estimated Gross Development Value (GDV) of ₹1,700 crore, citing strong housing demand in the metro’s IT corridors.

📍 MINING & METALS

• Vedanta: The company has been declared the "Preferred Bidder" for a strategic bauxite block in Odisha. This acquisition is expected to secure long-term raw material supplies for its aluminum smelting operations.

📍 MARKET STATUS

• Holiday Notice: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are closed today, March 3, 2026, on account of Holi. Trading will resume tomorrow, Wednesday, March 4. The Multi Commodity Exchange (MCX) will remain closed for the morning session but will open for the evening session (5:00 PM – 11:30 PM).

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