Savings Effect

Akums Drugs: Guidance -- Concall Update Management expects CDMO to see strong double-digit volume growth in H1 FY '27, with API prices remaining at current levels, and similar margin profiles to current levels. The Zambia partnership is expected to commence commercial supplies of approximately $25 million from Indian facilities by the end of Q2 FY '27, with this being a two-year contract for $25 million each in FY '27 and FY '28, contributing to CDMO revenues at similar margins. The European CDMO contract, a fixed-price agreement until 2032, is expected to generate approximately EUR35 million on a MAT basis once supplies begin in the next fiscal year, with margins similar to or in the high teens compared to current CDMO margins. The domestic branded formulation business (Akumentis) is targeted to grow in line with IPM rates, expecting a double-digit top line growth driven by new launches, brand building, and field force productivity. The API segment's losses are expected to be sizably reduced in the current fiscal year, though still negative on a full-year basis, with a goal to achieve monthly EBITDA positive performance. The Trade Generics business is expected to maintain similar revenue and EBITDA levels, not meaningfully contributing to the group's top line or profitability, nor draining the P&L. CapEx for FY '27 is targeted at INR300 crores, primarily for expanding oral solid facilities and evaluating inorganic acquisitions in niche businesses. The effective tax rate is expected to be around 32% for FY '27, with a target of 29% overall, and a normal rate of 25% once most businesses become PAT positive.

Ratnamani Metals: Guidance -- Concall Update Standalone revenue guidance for FY27 is INR4,800 crores to INR5,000 crores, assuming market normalization. Ravi Technoforge (RTL) expects 10% to 15% growth in FY27, with new customer segments targeted next year. Ratnamani Finow Spooling Solutions (RFSS) anticipates 20% to 25% growth in FY27, with margins stabilizing at 20% to 25%. The Middle East plant project is expected to finish by March 2027, with a potential three-month spillover. Routine CapEx is INR150 crores to INR200 crores. The standalone business maintains a 16% to 17% margin outlook for FY27, contingent on the Middle East conflict resolving within 3-5 months.

ITC, GODFREY PHILLIPS HIKE PRICES OF SELECT POCKET PACK BRANDS • POCKET MARLBORO HIKED TO ₹85 FROM ₹70 • GOLD FLAKE SUPERSTAR HIKED TO ₹79 FROM ₹70

US TREASURY WILL KEEP SANCTION WAIVER TO ALLOW POOR COUNTRIES MORE TIME TO PURCHASE RUSSIAN OIL

U.S. TREASURY TO CONTINUE SANCTIONS WAIVER FOR RUSSIAN SEABORNE OIL BY 30 MORE DAYS

ZEE MEDIA CORP: CO BOARD APPROVES PREFERENTIAL ISSUE OF UP TO 14 CRORE FULLY CONVERTIBLE WARRANTS AT AN ISSUE PRICE OF ₹8.50 PER WARRANT, AGGREGATING UP TO ₹119 CRORE

MAX HEALTHCARE: CO COMPLETES THE ACQUISITION OF A ~58.28% EQUITY STAKE IN KALINGA HOSPITAL LIMITED FOR ~₹297.97 CRORE, TURNING THE 250-BED BHUBANESWAR-BASED MULTI-SPECIALTY FACILITY INTO A SUBSIDIARY

GE VERNOVA T&D INDIA: CO APPROVES A ₹55 CRORE INVESTMENT TO SET UP A NEW FACILITY IN VALLAM, TAMIL NADU, ESTABLISHING A BRAND-NEW MANUFACTURING LINE FOR DISCONNECTORS AND DRIVES FOR 362 KV DEAD TANK CIRCUIT BREAKERS

WAAREE RENEWABLE TECHNOLOGIES: CO BAGS A MASSIVE TURNKEY 350MW / 1400MWH BATTERY ENERGY STORAGE SYSTEM EPC CONTRACT

ONGOING DISCUSSIONS, INCLUDING OVER LIMITS TO IRAN'S NUCLEAR WORK || WASHINGTON HAS SO FAR ONLY AGREED TO UNFREEZE 25% OF IRAN'S FUNDS ON A PHASED TIMETABLE -RTRS

JPMORGAN CEO: AI WON’T JUST CHANGE BUSINESS — IT COULD “CURE CANCER”

Iran on Monday announced the creation of a new authority to oversee shipping and transit operations through the Strait of Hormuz, as negotiations continued with Oman on a mechanism for safe passage through the strategic waterway. Iran’s top security body said the newly formed Persian Gulf Strait Authority (PGSA) would regulate and administer transit operations in the Strait of Hormuz.

India has been buying Russian oil irrespective of US sanctions waivers, Sujata Sharma, a joint secretary in the petroleum ministry, said on Monday. "Regarding (the) American waiver on Russia, I would like to emphasize that we have been purchasing from Russia earlier ... I mean before waiver also, during waiver also, and now also," she told a media briefing.