Overview
- Bharat Electronics and Safran Electronics & Defence signed a joint venture cooperation agreement to produce the HAMMER smart precision air‑to‑ground weapon in India.
- Dr Reddy’s Laboratories received European Commission approval for AVT03, a denosumab biosimilar to Prolia and Xgeva for osteoporosis and bone-related indications.
- Siemens Energy India reported Q4 revenue up 27% year-on-year to Rs 2,646 crore and net profit up 31% to Rs 360 crore, alongside a Rs 4 per share dividend.
- Diamond Power Infrastructure said it got a Letter of Intent from Adani Energy Solutions to supply 7,668 km of AL‑59 Zebra conductors for the Khavda project, valued at about Rs 276 crore.
- Indian benchmarks declined on Monday, with the Sensex closing at 84,900.71 (down 331 points) and the Nifty50 at 25,959.50 (down 108.65 points).