Gift Nifty indicates a positive start; US markets were closed for New Year; Asian markets traded higher

RailTel Corporation of India

The company has received a Letter of Acceptance (LoA) from the Assam Health Infrastructure Development & Management Society (AHIDMS) for the procurement, implementation, and maintenance of a Hospital Management Information System (HMIS). The estimated size of the order is Rs 56.71 crore.

Aurobindo Pharma

The company’s subsidiary, Auro Pharma, has approved the acquisition of the non-oncology prescription formulations business of Khandelwal Laboratories on a going-concern basis through a Business Transfer Agreement for Rs 325 crore.

Olectra Greentech

The company has declared December 31, 2025, as the commercial operation date (COD) for its greenfield electric vehicle (EV) manufacturing facility in Hyderabad, with an annual per-shift production capacity of 2,500 buses. This Phase-I capacity achievement of 2,500 buses per annum represents 50% of the planned per-shift annual capacity of 5,000 buses.

Time Technoplast

The company has received approval from the Petroleum and Explosives Safety Organization (PESO) and TÜV Rheinland (India) for the manufacture and supply of high-pressure Type-3 fully wrapped fibre-reinforced composite cylinders of 2-litre capacity for compressed gas applications.

Vodafone Idea

The company has received an order from the Office of the Additional Commissioner, Central Goods & Service Tax, Ahmedabad South, demanding a penalty of Rs 637.9 crore along with tax demand and interest on allegations of short payment of tax and excess availment of input tax credit. The company does not agree with the order and will take appropriate legal action against the same.

Source – Moneycontrol