🇮🇳 India Daybook: BSE Gets SEBI Nod for New Derivatives, Glenmark Secures USFDA Approval

📍 REGULATORY APPROVAL

• BSE: The exchange has received approval from SEBI to launch derivative contracts on the "SENSEX Next 30" index. These will be cash-settled monthly index futures and options, tracking the next 30 largest liquid companies in the BSE 100 that are not part of the main Sensex.

📍 USFDA APPROVAL

• Glenmark Pharmaceuticals: The company has received final USFDA approval for Fluticasone Propionate Inhalation Aerosol (44 mcg). Having been granted Competitive Generic Therapy (CGT) designation, Glenmark is eligible for 180 days of market exclusivity for this product, which targets a $520 million annual market.

📍 LAND ACQUISITION

• Godrej Properties: The real estate major has acquired a new land parcel in Gurugram for a residential project and successfully won a bid for a prime land parcel along the EM Bypass in Kolkata, further expanding its urban development pipeline.

📍 ORDER WIN

• Newgen Software Technologies: The company's subsidiary has secured a digital transformation contract valued at $1.49 million from a Caribbean-based insurance provider.

📍 ACQUISITION

• GE Shipping: The Great Eastern Shipping Company has announced plans to expand its fleet by acquiring a secondhand Kamsarmax dry bulk carrier.

📍 IPO & LISTING

• Omnitech Engineering: Shares of the precision-engineered components manufacturer are scheduled to list on the BSE and NSE today, March 5, 2026, following its book-building issue.
• Elfin Agro India: The company’s ₹25.03 crore fixed-price IPO opens for subscription today on the BSE SME platform at a price of ₹47 per share.

📍 CORPORATE UPDATES

• Polycab India: The company has received an Income Tax notice demanding a payment of ₹327 crore. Management believes the demand is inflated due to clerical errors and intends to seek rectification.
• Jio Platforms: Reliance Industries' digital arm has appointed Dan Bailey as President to lead its international business operations.
• Tata Consumer Products: The company reported that its official X (formerly Twitter) account was compromised; the team is working to regain control and confirmed no sensitive data was breached.
• Solara Active Pharma Sciences: The company has voluntarily deregistered its non-operational subsidiary based in Brazil as part of its corporate streamlining efforts.

📍 MEMORANDUM OF UNDERSTANDING (MoU)

• Paras Defence: The company has signed a Memorandum of Understanding (MoU) with Green Optics to collaborate on advanced optical solutions.
• Radisson Hotel Group: Partnered with the MBD Group to open up to 50 co-branded hotels in India over the next 10 years, focusing on the Radisson Red and Radisson Collection brands.

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