Indian equity markets closed lower on Thursday with Sensex declining 829.29 points to 76,034.42 and Nifty falling 227.70 points to 23,639.15. According to The Hindu BusinessLine, the market decline was accompanied by mixed movements in commodities, with crude oil rising ₹699 to ₹8,806 and gold falling ₹1,555 to ₹1,60,234. Silver also declined ₹217 to ₹2,68,274 during the trading session.
Balaji Amines is experiencing significant production disruptions due to the ongoing West Asia conflict severely impacting global shipping, logistics, and supply chains. As reported by The Hindu BusinessLine, key ammonia suppliers have invoked force majeure due to liquefied natural gas (LNG) shortages, halting ammonia deliveries essential for manufacturing methylamines, ethylamines, and derivatives. Several company plants are currently non-operational with financial and operational effects remaining unquantifiable at present. The company is actively negotiating alternatives with suppliers while monitoring the crisis closely.
Zydus Lifesciences announced its new offering in the companion diagnostics portfolio with the launch of Diasens and GlucoLive, next-generation Continuous Glucose Monitoring (CGM) devices. According to The Hindu BusinessLine, the CGM system combines artificial intelligence-powered insights and integrated remote care capabilities, designed to monitor glucose with an integrated AI layer to provide analytics and enable a closed-loop care ecosystem. Natural Biogenex Private Limited executed definitive Framework and Contract Manufacturing Agreements with Fermbox Bio Private Limited for fermentation-based CDMO services worth up to ₹60 crore at NBPL's Tumkur facility.
Kalpataru Ltd secured a prestigious redevelopment project of Shree Mahalakshmi CHS at Veera Desai Road, Andheri West, spanning 3 acres with estimated Gross Development Value of ₹1,400 crore. As reported by The Hindu BusinessLine, the project has a total potential carpet area of 0.4 million square feet. JK Lakshmi Cement was declared the 'Preferred Bidder' for the Juipahar New Umrangso Limestone Block (A and B) in Assam covering 405 hectares. Hazoor Multi Projects received a ₹27.16 crore order from NHAI for user fee collection at Chowlaggere fee plaza on NH-48 in Karnataka.
Max Financial Services approved a comprehensive capital raising plan worth up to ₹2,000 crore through Qualified Institutional Placement (QIP) and authorized share capital increase from ₹70 crore to ₹75 crore. According to The Hindu BusinessLine, the funds will primarily support subsidiary Axis Max Life Insurance Limited's business growth. Manorama Industries approved a proposal to raise up to ₹500 crore through equity shares, non-convertible debt instruments with warrants. Gravita India entered into definitive agreements to acquire 41,08,639 equity shares (98.95% stake) of Rashtriya Metal Industries Ltd for ₹559.08 crore in cash.
