Overview

• Mazagon Dock said negotiations with the Indian Navy have begun on the P-75(I) submarine programme following Defence Ministry approval to start cost discussions with Thyssenkrupp Marine Systems.
• Rail Vikas Nigam emerged as the lowest bidder for a West Central Railway traction-substation project worth about Rs 169.49 crore with SCADA integration between the Bina and RTA sections in the Bhopal division.
• Dr Reddy’s completed the acquisition of the Stugeron brand from Johnson & Johnson across 18 APAC and EMEA markets, with India and Vietnam identified as key markets.
• Jaguar Land Rover disclosed that some data may have been affected in a cybersecurity incident and said relevant regulators have been informed.
• Capital moves included 63SATS Cybertech raising Rs 180 crore and Keystone Realtors approving up to Rs 375 crore in NCDs, while Five-Star Business Finance shareholders cleared NCDs up to Rs 4,000 crore and IDBI Bank filed an NCLT insolvency plea against Zee over an alleged Rs 225.23 crore default that Zee disputes.