Moneylife’s market breadth indicators have maintained their position in bullish territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
The Central Drugs Standard Control Organisation (CDSCO) in India has granted approval for Novo Nordisk's Wegovy, the 2.4mg (milligram) injectable formulation of semaglutide for the treatment of adults living with fatty liver disease.
This marks Wegovy as the first and only glucagon-like peptide (GLP)-1 receptor agonist cleared for this indication in the country. Emcure Pharmaceuticals is closely relevant to this development because it signed a distribution and promotion partnership with Novo Nordisk in November 2025 for Wegovy in India. Under this partnership, Emcure markets Wegovy as Poviztra in India. The drug is priced at approximately ₹8,790 per month, with a strategic distribution focus aimed explicitly at reaching consumers beyond metropolitan areas, helping to expand access to this treatment across a broader geographic market in India. This regulatory approval by CDSCO serves as the primary catalyst for the launch and expansion of Wegovy (Poviztra) in India, enabling Emcure to promote and distribute a novel treatment option for fatty liver disease in the country.
Adani Power signed a 25-year power supply agreement with Maharashtra State Electricity Distribution Company Ltd (MSEDCL) to supply 1,600MW (megawatt) from a new 2x800MW ultra-supercritical thermal power plant, securing coal linkage under the SHAKTI policy.
Billionbrains Garage Ventures announced Groww received a licence to offer US stock trading on its platform, currently in testing before wider rollout.
Suven Life Sciences will participate in the Alzheimer's Association International Conference 2026 in London, presenting five scientific posters on its neuroscience pipeline. Highlights include updates on phase-3 masupirdine and phase-2 usmarapride clinical programmes.
Adani Enterprises partnered with French company Dioxycle to develop low-carbon chemical production in India, starting with a pilot facility producing formic acid from captured CO2 and renewable electricity. The partnership aims to scale the technology commercially, demonstrating sustainable chemical manufacturing. It leverages Dioxycle’s tech and Adani’s clean energy infrastructure.
The Government of India (GoI) sold a 4.58% stake in Cochin Shipyard (-0.44%) through an offer for sale in July 2026, reducing its holding from 67.91% to 63.33%. The sale included shares to non-retail investors, employees and retail investors. The total equity share capital remained unchanged post-sale.
SEPC received a termination notice for an engineering-procurement-construction (EPC) sub-contract worth ₹521.46 crore related to a highway widening project in Uttar Pradesh, now referred to arbitration. The cancelled contract involved widening the Shahjahanpur–Bisalpur road to four lanes. The company awaits the original termination document for further action.
Pace Digitek’s subsidiary, Lineage Power, signed an MoU (memorandum of understanding) with Bondada Renewable Energy to supply integrated battery energy storage system (BESS) solutions. This strategic partnership supports Pace Digitek’s growth in India’s expanding BESS market. It aims to enhance collaboration with EPC firms and renewable energy developers.
TCS expanded its partnership with ABB to manage and transform ABB’s global network operations using artificial intelligence (AI) and network-as-a-service models. The multi-year deal includes designing, integrating, and operating ABB’s network ecosystem. This initiative aims to improve efficiency, cybersecurity and compliance worldwide.
LTM partnered with Anthropic to accelerate enterprise adoption of Claude AI models across software engineering and business workflows. LTM will integrate Claude into its AI delivery fabric and expand its AI talent enablement programmes. A dedicated Claude Center of Excellence will support AI governance and responsible deployment.
Gujarat Pipavav Port reported stable container volumes of 168,000TEUs (twenty-foot equivalent unit) in Q1FY26-27, with strong Ro-Ro cargo growth to 65,000 units year-on-year (y-o-y). Dry bulk and liquid cargo volumes declined marginally, while rail-linked container traffic also decreased. The Port continues to focus on operational efficiency amid mixed cargo performance.
Shadowfax Technologies Limited denied knowledge of any stake sale negotiations by Flipkart after stock exchanges queried a report linking Flipkart to a ₹700-crore stake sale.
Godawari Power & Ispat temporarily halted operations at its 2.0mnt (million tonne) iron ore pellet plant due to natural gas supply cuts and rising costs, impacting Q2FY26-27 profitability.
Raymond Realty Limited entered south Mumbai with a joint development agreement for a premium residential project in Parel, valued at ₹8,500 crore, its largest outside Thane.
Patanjali Foods Limited witnessed a ₹195-crore block deal for 54.24 lakh shares on 15 July 2026 amidst heavy selling; the company confirmed no material events requiring disclosure.
AnupamRasayan India signed a non-binding LoI (letter of intent) with BASQUEVOLT, SA for potential specialty chemicals supply for solid-state lithium batteries, with revenue potential up to US$300mn (million) over 10 years.
Indian Energy Exchange associate, Indian Gas Exchange, filed a draft red herring prospectus (DRHP) for an initial public offer (IPO), including an offer for sale of 1.67 crore shares, pending regulatory approvals.
Tata Consultancy Services inaugurated an Industrial AI solutions lab in Bengaluru with NVIDIA, aimed at accelerating AI adoption in mobility and manufacturing sectors.
Seamec Limited signed a US$5.21mn charter agreement with Lamprell Energy for its barge 'Seamec Glorious' to support offshore projects in Mumbai High and West Coast.
Lemon Tree Hotels opened a new hotel in Jorhat (Assam), marking entry into the Northeast with a 70-room property managed by its subsidiary Carnation Hotels.
India’s directorate general of trade remedies (DGTR) recommended imposing a countervailing duty on calcium carbonate filler master-batch imports from Vietnam due to alleged subsidisation impacting domestic producers.
AstraZeneca Pharma secured CDSCO approval to import and market benralizumab (Fasenra) for Hypereosinophilic Syndrome in patients aged 12 and above, expanding its therapeutic indications.
Swiggy Limited confirmed its collaboration with HPCL to pilot India's first on-demand liquefied petroleum gas (LPG) cylinder delivery via Instamart in Bengaluru, formalised through an MoU.
ABB India parent ABB Ltd reported 81% y-o-y growth in India order inflows for Q226-27, outperforming market expectations significantly.
Biocon Limited’s Malaysia facility received approval for a new Semglee insulin fill-finish line, expected to start supplies to Europe in Q2FY26-27, strengthening its global bio-similar insulin portfolio.
HCL Technologies expanded its partnership with Guardian Life Insurance, acquiring Guardian’s India operations for US$10.5mn and committing to AI-led modernisation across Guardian’s businesses.
JNK India Limited has said that its incinerator package order for TA'ZIZ salt project in Abu Dhabi was cancelled due to lack of project licensor approval, with no impact on company revenues.
Gaudium IVF and Women Health inaugurated a fertility centre in South Extension, Delhi, featuring AI-powered embryology labs as part of its 19-centre expansion plan.
LTM partners with Glean to accelerate AI adoption in enterprises by integrating fragmented knowledge and enabling secure, AI-powered information access for faster decision-making.
Orders
Capacit'eInfraprojects secured a ₹482-crore contract for civil works on Tower T5 in Mahalaxmi (Mumbai), strengthening its order-book in high-rise construction.
Sun Pharmaceutical Industries obtained South African approval to market a generic semaglutide injection for type-2 diabetes, expanding its global complex generics reach.
DelhiveryLimited’s subsidiary, Delhivery Financial Services, received RBI (Reserve Bank of India) approval for a certificate of registration as a type-2 non-banking financial services company (NBFC), subject to document submission.
EMS received a ₹102.85-crore order from UP Jal Nigam for sewer network and house connection works in Varanasi, to be completed within 24 months.
NBCC (India) secured new work orders worth ₹501.45 crore across education, defence and CSR projects, including a ₹430.69-crore contract for science labs in Rajasthan.
Apollo Micro Systems secured orders worth ₹134.35 crore from DRDO, Indian Navy, public sector units (PSUs) and others, bolstering its defence sector presence.
Kernex Microsystems (India) received a ₹100.53-crore order from Integral Coach Factory, Chennai, for the supply and commissioning of KAVACH train safety equipment, due by March 2028.
NBCC’s subsidiary HSCL won four new educational infrastructure contracts in Odisha worth approximately ₹158.95 crore. The largest contract is ₹70.59 crore for a mega education complex in Keonjhar district. All projects follow the PMC model and are part of regular business operations without related-party involvement.
Ion Exchange secured an international contract from Hyundai Engineering & Construction valued at US$52.83mn (~₹503 crore) for supplying filtration units in the Middle East. The contract spans 18 months and involves no related-party transactions.
Kirloskar Brothers Limited's UK subsidiary, SPP Pumps Ltd., secured a contract worth ₹149.59 crore from Saipem Offshore Construction SPA for supplying vertical pumps and spares, with execution to complete within 52-60 weeks.
Welspun Corp Limited won new pipe supply orders valued at ₹1,400 crore for oil and gas export projects, expanding its global order-book to ₹23,650 crore. Emcure Pharmaceuticals Limited (+0.94%) acquired the 12.05% minority stake in Gennova Biopharmaceuticals Limited, making it a wholly-owned subsidiary focused on biologics and bio-similars.
PDS secured a multi-year contract to manage sourcing operations for a leading French retailer across multiple countries, overseeing over US$250mn in annual apparel sourcing.
PTC Industries wins a major order from BrahMos Aerospace for a strategic missile sub-system, marking its entry into systems integration and high-value defence manufacturing.
Time Technoplast secured a ₹38.14-crore order from HPCL for lightweight, safe Type IV Composite LPG cylinders, supporting faster consumer delivery via quick-commerce platforms.
PNC Infratech signed a ₹3,483-crore concession agreements with NHAI for two 4-lane highway projects in Uttar Pradesh under hybrid annuity mode, spanning 24 months construction plus 15 years operation.
Mergers/ Acquisitions / Fund-raise / Stake Sale
Alkem Laboratories acquired 79.37 crore equity shares of its subsidiary Alkem Medtech at ₹13.86 per share for ₹1,100 crore through a rights issue, consolidating its stake in the medical device firm.
Samvardhana Motherson International subsidiary acquired an 11% stake in Shinnichi Kogyo Co, Ltd from Honda Motor Co for JPY330mn, advancing its automotive components strategy.
Sigma Advanced Systems announced the acquisition of UK-based Bromford Precision Solutions Limited for approximately ₹153 crore to enhance its aerospace manufacturing capabilities.
Aditya Birla Group acquired Shell's India renewables arm, Sprng Energy, for US$1.8bn (billion), making it one of India’s largest renewable energy players with a 9.3GWp (gigawatt peak) portfolio.
Alkem Laboratories acquired 79.37 crore equity shares of its subsidiary AlkemMedtech at ₹13.86 per share for ₹1,100 crore through a rights issue, consolidating its stake in the medical device firm.
ITC Hotels acquired 100% equity of GHK Hospitality in Ahmedabad for ₹155 crore to expand its owned hospitality portfolio, with completion expected in Q2 FY27.
AurumPropTech acquired 100% of Housing.com owner Locon Solutions for ₹458 crore via an all-share deal, aiming to integrate real estate marketplace and transactions on a unified AI platform.
Earning
Bajaj Consumer Care reported a 84.8% year-on-year (y-o-y) increase in profit after tax (PAT) to ₹70.7 crore for Q1 ending 30, June 2026. The company's consolidated revenue grew by 28.3% y-o-y, reaching ₹341.4 crore.
Landmark Cars reported a 22.47% y-o-y revenue rise to ₹1,733 crore in Q1FY26-27, driven by strong vehicle sales and after-sales services with new model launches.
The decline reflects soft demand and margin compression impacting performance.
Top gainers and losers of the major indices for the week are given in the table below:
