🇮🇳 India Daybook: Lupin Completes European Acquisition, BHEL Bags Mega ₹13,500 Cr Order

📍 MARKET HOLIDAY

• The Indian stock exchanges, including the BSE and NSE, are closed today, April 3, 2026, for Good Friday. Trading across all segments, including equities, derivatives, and commodities (MCX), will remain suspended and will resume on Monday, April 6, 2026.

📍 ACQUISITION

• Lupin: The pharmaceutical major has announced the completion of its acquisition of VISUfarma B.V., a prominent European specialty ophthalmic company. The deal adds over 60 innovative eye health products to Lupin's portfolio and establishes a strong commercial footprint in Italy, Spain, Germany, and France.

📍 ORDER WIN

• BHEL: Bharat Heavy Electricals Limited has secured a landmark order valued at over ₹13,500 crore from NTPC. The contract is for the development of the Telangana Stage-II Supercritical Thermal Power Project and reinforces BHEL's leadership in the thermal power infrastructure sector.
• Zaggle Prepaid: The SaaS fintech firm has entered into a five-year agreement with Fanuc India Private Limited. Under this deal, Zaggle will provide its "Zaggle Save" employee expense management and benefits program.

📍 REGULATORY & TAX

• Infosys: The IT services giant has received assessment orders from the Income Tax Department and expects a cumulative tax refund of ₹1,745 crore, including interest. The company is currently evaluating the impact of these orders on its financial statements for the fiscal year ended March 31, 2026.
• Lupin: In addition to its acquisition, the company received tentative USFDA approval for Sugammadex Injection (200 mg/2 mL and 500 mg/5 mL), which is used to reverse the effects of neuromuscular blocking agents.

📍 CORPORATE UPDATES

• Bansal Wire: The company reported a significant growth in its sales volume for the full financial year 2025-26, which surged 32.88% year-on-year to 4,58,054 metric tonnes.
• Rezolve AI: Insider confidence was highlighted as an entity linked to the CEO acquired 9 million shares of the company. The firm also raised its 2026 revenue guidance to $360 million, driven by global expansion of its AI-driven commerce platform.

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

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