STOCK MARKET NEWS
Stock Updates
🔸General insurance industry reported a 13.3% YoY rise in gross written premium for Q1FY25, driven by strong demand for motor and health insurance.
🔸 As per media sources, Exide Industries is looking at aggressively bidding for battery solutions for Naval application (including submarines) – both domestically as well as globally.
🔸 As per the media sources, Bharat Electronics and Data Patterns have won the Techno-Commercial bids for the development of Distributed Aperture System-HD (DAS-HD) for the future fighter programs of the Indian Air Force.
🔸As per media sources, leading passenger vehicle players such as Tata Motors and M&M have reduced prices of some of their key models by up to ~₹ 2 lakh/vehicle
🔸 Further to its announcement of MoU with Vibrant solar energy, HG Infra informed that MOU has been entered to acquire the project development activities, which will be done through individual project companies.
🔸As per media sources, Vedanta will issue secured, rated, listed non-redeemable non-convertible debentures (NCDs) worth ₹1,000 crore later this week.
🔸Infosys announced a five-year partnership with Sector Alarm, a leading European security provider, to transform their enterprise systems using Microsoft Dynamics 365 Finance and Operations.
🔸As per media reports, TechM has entered into a partnership with Microsoft to transform workplace experiences through Copilot for Microsoft365.
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