Reserve’s first rate cut of 2025, bolstered sentiment. However, Trump’s H-1B cloud is likely to impact markets today. Shares of TCS, Infosys, Wipro, YES Bank, Shipping Corp, GRSE among others will be in focus due to various news developments.
YES Bank
Japanese lender SMBC’s decision to buy nearly 25% stake in YES Bank should be seen as a vote of confidence and also creates “possibilities” of a rating upgrade. The nearly Rs 16,000-crore bet from Sumitomo Mitsui Banking Corporation (SMBC) is a strategic one from an investor of global repute and it will help improve Yes Bank’s ability to raise capital.
TCS, Infosys, Wipro, HCL Tech
Shares of TCS, Infosys, Wipro, HCL Tech and other IT companies will be in focus as US President Donald Trump announced that new H-1B visas would now attract an annual fee of $100,000. A White House official clarified this would apply only to fresh applications, but the signal was enough to spook investors.
NTPC
NTPC, which is diversifying into clean energy generation, looks to acquire uranium assets overseas to ensure fuel availability for its future nuclear projects, according to a company official. The country’s largest power generator has an installed capacity of 83,026 megawatt at group level based on fuel sources like coal, gas/liquid fuel, hydro, and solar, according to the NTPC website.
ONGC
State-run oil explorers ONGC and Oil India are planning to begin a Rs 3,200 crore stratigraphic drilling campaign in untapped offshore areas early next year, as part of efforts to discover new hydrocarbon reserves and cut reliance on imports, officials said.Ceigall india
The company has emerged as the lowest (L-1) bidder in auction for establishment of grid-connected ground-mounted solar photovoltaic (PV) project with BESS at Morena Solar Park through a tariff-based
competitive bidding.
Shipping Corp
As part of the government initiative, Shipping Corporation of India has signed a memorandum of understanding (MoU) with BPCL, HPCL, and Indian Oil. The purpose of this collaboration is to build and operate fleet together that will support the vision of Atmanirbhar Bharat, strengthen India’s shipping capacity, and improve country’s energy security.
Redington
Redington subsidiary Arena Bilgisayar Sanayi entered into a definitive agreement with Datagate Bilgisayar Malzemeleri Ticaret for the assignment of a device distribution and supply agreement. The agreement will be effective from October 1, 2025 and the value of the deal is about $8 million.
Lupin
US FDA has conducted a product-specific pre-approval inspection at the company’s Pune Biotech facility from September 08 to September 19. The inspection closed with four observations.
GRSE
Garden Reach Shipbuilders & Engineers (GRSE) said it has signed a contract worth $62.44 million with a Hamburg-based company for the construction of four hybrid multi-purpose vessels.
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The company has received the purchase order for the supply of Tyrone AI GPU accelerated systems. The estimated order value is about Rs 450 crore.