23. 10. 2025
*_Good Morning!!!_*
*Stocks in the news and to watch out for the day:*
HCL Technologies: DIB, the world's first Islamic bank and the largest in the UAE, has announced a strategic partnership with HCLTech to accelerate the adoption of Artificial Intelligence (AI) across its ecosystem.
Infosys promoters, including Nandan Nilekani and Sudha Murty, have decided not to participate in the company’s Rs 18,000-crore share buyback, according to a regulatory filing on October 22. The promoters collectively hold 13.05% of the company’s equity. The buyback, approved by the board on September 11, 2025, will see Infosys repurchase 10 crore shares at Rs 1,800 per share, representing 2.41% of the total equity. The move is part of the company’s capital allocation policy, which aims to return surplus funds to shareholders through dividends and buybacks.
Tata Motors Passenger Vehicles: said it delivered over 1 lakh vehicles during the festive period between Navratri and Diwali, marking a 33% growth over last year’s festive season. The surge in deliveries was led by SUVs, while electric vehicles also saw strong demand, according to Managing Director and CEO Shailesh Chandra.
Bharti Airtel: Shivan Bhargava has resigned as Director – Customer Experience of the company. Accordingly, he will cease to be a part of the senior management within 3–4 months.
Bharat Electronics: The company has received an order valued at Rs 633 crore from Cochin Shipyard for the supply of items required for various sensors, weapon equipment, fire control systems, and communication equipment.
NMDC: The company has revised prices of iron ore, effective October 22, with the price of Baila Lump (65.5%, 10–40 mm) at Rs 5,550 per tonne and Baila Fines (64%, –10 mm) at Rs 4,750 per tonne.
REC: reported a 9% year-on-year increase in net profit at Rs 4,414.93 crore for the July–September quarter, compared to Rs 4,037.72 crore a year earlier. According to the company’s exchange filing, total income rose over 10% to Rs 15,162.38 crore, driven largely by higher interest income, which stood at Rs 14,589.97 crore against Rs 13,484.82 crore in the same period last year.
LTIMindtree: Nachiket Deshpande has resigned from the position of Whole-time Director & President of AI Services, effective October 31, to explore new opportunities beyond LTIMindtree.
United Breweries: Heineken N.V. stated that in India, organic net revenue grew by a mid-single digit, while beer volume fell by a mid-single digit in Q3CY25, impacted by an unusually strong monsoon season. The price-mix expanded by a high-single digit, supported by pricing in key states and portfolio mix. Premium volume grew in the low teens, led by Kingfisher Ultra Max and the launch of Amstel Grande.
Punjab National Bank: has sold 10% of its stake in Canara HSBC Life Insurance Company, bringing its shareholding down from 23% to 13%. The sale was executed through an Offer for Sale (OFS) as part of Canara HSBC Life’s recent IPO, helping PNB raise approximately Rs 1,007 crore.
Dr. Reddy’s Laboratories: received a positive inspection outcome from the US Food and Drug Administration (USFDA) for its Srikakulam facility in Andhra Pradesh. The regulator issued a Voluntary Action Indicated (VAI) classification, confirming that the inspection is now officially closed. The company received the Establishment Inspection Report (EIR) on October 20, 2025.
Torrent Pharma: The Competition Commission of India (CCI) has approved Torrent Pharmaceuticals proposed acquisition of a majority stake in JB Chemicals and Pharmaceuticals. The clearance, however, is subject to voluntary modifications offered by the companies. The Rs 19,500-crore deal, first announced in June, marks Torrent’s major expansion move in the domestic pharma space.
Geojit Financial: Broking and financial services firm Geojit Financial Services posted a sharp 59% decline in net profit to Rs 23.5 crore in the second quarter of FY26, down from Rs 57.4 crore in the year-ago period. Revenue for the quarter also slipped 22% to Rs 169.8 crore.
