Savings Effect

🔹 Mankind Pharma: To acquire a 70% stake in Belgium-based Armed Cell Therapeutics (ACTx) for €48 million, approximately ₹511 crore. 🔹 Maruti Suzuki India: Received a favourable tax tribunal order covering eight financial years, with a positive tax impact of approximately ₹13,000 crore. 🔹 InterGlobe Aviation (IndiGo): Extended flight cancellations to Saudi Arabian cities until October 24 amid the evolving Middle East security situation. 🔹 Metro Brands: Q2 net profit rose 12% year over year to ₹77.28 crore, while revenue increased 12.15% to ₹730.27 crore. 🔹 NTPC: Partnered with Africa50 to explore power generation projects and cross-border electricity trading opportunities across Africa. 🔹 Emmvee Photovoltaic Power: Reported Q2 net profit of ₹382.04 crore, compared with a net loss of ₹237.86 crore a year earlier. 🔹 Indian Hotels Company: Signed an agreement to develop a 215-key Gateway hotel in Lucknow through a greenfield project. 🔹 Nestle India: Q2 net profit rose 35.81% year over year to ₹1,009.61 crore, while revenue increased 20.45% to ₹6,782.17 crore. 🔹 Tech Mahindra: Q2 net profit increased 32.74% year over year to ₹1,585.6 crore; the board recommended a 1:1 bonus share issue. 🔹 Indian Railway Finance Corporation: Q2 net profit rose 10% year over year to ₹1,958 crore, while total income reached ₹7,924 crore. 🔹 Persistent Systems: Q2 net profit declined 25.44% year over year to ₹351.51 crore. 🔹 Hero MotoCorp: Launched its Safe School Zone initiative across four schools in Delhi and Jaipur. 🔹 HDFC Asset Management Company: Q2 net profit rose 4.2% year over year to ₹749 crore, while revenue increased 14% to ₹1,170 crore. 🔹 Wipro: Q2 net profit declined marginally to ₹3,200.6 crore, while IT services revenue remained flat sequentially at $2.61 billion. 🔹 Zydus Lifesciences: Its joint venture with Sunshine Healthcare signed an agreement to establish a pharmaceutical manufacturing facility in Sri Lanka.