Moneylife’s market breadth indicators maintained their position of emerging strength territory this week. The trends of the major indices in the course of the week's trading are given in the table below:
News
HDFC Bank fell on 27 August 2026 mainly because of renewed legal and leadership concerns and a securities lawsuit filed in the US against HDFC Bank’s managing director & chief executive officer (MD & CEO), Sashidhar Jagdishan, and chief finance officer (CFO), Srinivasan Vaidyanathan. It alleges that the Bank made payments of about ₹45 crore (US$4.7mn-- million) to Maharashtra State Road Development Corporation (MSRDC), allegedly disguising them as marketing expenses to compensate the agency for higher interest on deposits. HDFC Bank has called the lawsuit without merit and said it will defend itself.
Indoco Remedies executed a deed on 27 August 2026, selling a 2,876.08sqmtr (square metre) land plot in Mahal Industrial Estate (Mumbai) to Kalpataru Townships Pvt Ltd for ₹64 crore; the sale was non-related party and will not impact operations.
Tata Power Renewable Energy commissioned a 72.5MW (megawatt) captive solar project for Tata Steel in Bikaner (Rajasthan), expected to generate 166mn units annually and offset 118,856 tonnes of CO2.
Garden Reach Shipbuilders & Engineers (GRSE) invested ₹2,670 crore to expand shipbuilding facilities at Raichak, Shalimar and Khidderpore Docks. The Raichak site received over ₹2,500 crore for a dry dock and related infrastructure. Timber Pond at Shalimar and Damodar facility upgrades cost ₹100 crore and ₹70 crore, respectively, supporting warship, commercial vessel and ferry construction.
Yantra India Limited announced a ₹750-crore expansion at its metal and steel factory, Ishapore, to enhance metallurgical and defence manufacturing through new forging facilities.
TVS Supply Chain Solutions signed a strategic memorandum of understanding (MoU) with Japan’s Sankyu Inc, with Sankyu set to acquire a 0.5% stake. The partnership targeted growth in India’s supply chain and engineering services, focusing on supporting manufacturing customers including over 1,400 Japanese companies operating in India.
Veranda Learning Solutions received national company law tribunal (NCLT) approval to demerge its commerce vertical into JK Shah Commerce Education Limited, allowing the latter to pursue independent listing and focus on commerce education brands.
Aurobindo Pharma announced the completion of a US food and drug administration (US FDA) inspection at its subsidiary Lannett Company LLC in Indiana which concluded with four procedural observations. The company committed to addressing these within the FDA timeline.
JTL Industries’ subsidiary, JTL Engineering Limited, announced ₹15 crore capitalexpenditure (capex) to double narrow-width hot-rolled coil manufacturing capacity from 5,000MT (metric tonnes) to 10,000MT per month, with wider coil size capabilities, expected operational by Q4FY26-27.
BLS International Services denied allegations of visa processing irregularities, emphasising its administrative role and compliance with guidelines.
Godrej Industries signed an MoU with Haryana government for an investment of ₹20,000 crore, expected to generate 40,000 jobs. Godrej Properties and Godrej Ventures are key contributors, planning ₹16,000 crore and ₹3,500 crore investments, respectively.
Hindustan Zinc Limited lifted operational constraints following full repayment of facilities under financial agreements involving its promoter group and major lenders. The release of restrictions was confirmed on 24 August 2026, enhancing the company’s operational flexibility.
NBCC (India) sold 111 residential units at Aspire Silicon City, Noida, through an e-auction valued at ₹416.53 crore. The company earned a 1% marketing fee, leveraging digital platforms to optimise sales.
Max Financial Services received a favourable Securities and Exchange Board of India (SEBI) final order on 24 August 2026, ending proceedings without penalties for the company and select directors, while other settlement applications remain under review.
Natco Pharma expanded its biotechnology footprint by investing an additional US$14mn in eGenesis, increasing its total commitment to the US-based genome engineering company to
US$22mn. The investment was routed through Natco's subsidiaries in Canada and South Africa via convertible promissory notes bearing an 8% interest rate. Building on an initial US$8mn investment made in 2024, this fresh funding directly supported eGenesis's development of gene-edited porcine organs aimed at resolving the global human organ shortage crisis.
Jyothy Labs received an excise duty order totaling₹20.35 crore related to product classification disputes from 2016-2017; the company plans to appeal, expecting no material financial impact.
Chalet Hotels opened Athiva Pulse, Navi Mumbai, an autograph collection hotel with 152 rooms and a 30,000sqft (square feet) wellness centre, enhancing its hospitality portfolio.
Tata Steel challenged a ₹1,755-crore demand regarding alleged excess coal extraction from 2000-2007. The revisional authority accepted Tata Steel’s revision application and stayed coercive actions.
JSW Dulux contested a Telangana goods and services tax (GST) department order disallowing ₹0.85 crore input tax credit for 2022-23, preparing its response to mitigate financial impact.
Puravankara signed a joint development agreement for a 7.83-acre residential project in south-east Bengaluru, with an estimated gross development value (GDV) of ₹1,100 crore, marking its fifth land acquisition in Bengaluru in FY26-27.
Biocon Biologics received marketing approval in Japan for its Pegfilgrastim bio-similar, collaborating with Sandoz KK for promotion and distribution.
IIFL Finance and its subsidiary IIFL Home Finance are contesting tax demands totaling₹963.39 crore and ₹475.56 crore, respectively, with partial stay granted and payments underway, maintaining confidence in legal remedies.
Union Bank of India issued US$300mn senior unsecured notes via its Dubai branch, with tranches maturing in 2029 and 2031, offering coupons of 5.230% and 5.417%, aiming to strengthen international operations.
Samvardhana Motherson International set 11 September 2026, as the record date for interest payment on its 6.5% compulsorily convertible debentures (CCDs) due 30 September 2026, with maturity on 20 September 2027.
GK Energy received a letter of empanelment to install 100MW grid-connected rooftop solar systems across 100,000 households, valued at ₹454.50 crore, including five years of operations &maintenance (O&M).
Bharat Dynamics was fined ₹13.04 lakh each by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) for non-compliance with SEBI’s listing regulations, citing board appointment jurisdiction under the ministry of defence.
Tata Steel faced ongoing litigation regarding ₹4,313 crore demand for alleged mining violations; Orissa High Court ruled partially in Tata Steel’s favour, with Supreme Court notices issued.
Mahindra Holidays & Resorts received a show-cause notice demanding ₹11.34 crore tax and penalty for 2020-24 GST discrepancies; the company expects no material financial impact.
NTPC was fined ₹5.37 lakh each by NSE and BSE for non-compliance with board composition rules, attributing director appointments to the ministry of power.
Mold-Tek Packaging approved a 1:1 bonus share issue and recommended a final dividend of ₹3 per share for FY25-26; authorised share capital proposed to double to ₹40 crore.
Indian Oil Corporation was fined ₹14.20 lakh each by BSE and NSE for non-compliance with board composition regulations, citing government-controlled director appointments.
Coal India received fines of ₹12.66 lakh each for SEBI regulation breaches, highlighting government’s role in board member appointments.
Bikaji Foods sold a 30% stake in Bikaji Bakes Private Limited (BBPL) for ₹0.30 crore; BBPL remains a non-material subsidiary with minimal financial impact.
Shipping Corporation of India was fined ₹13.11 lakh for SEBI non-compliance; remedial steps included appointing a woman independent director and reconstituting committees.
Nestlé India received a customs duty and penalty demand totalling ₹2.47 crore; plans to legally challenge the order, expecting no material financial impact.
Rashtriya Chemicals and Fertilizers was fined ₹7.89 lakh for non-compliance with SEBI governance regulations for the June 2026 quarter; the company sought penalty waiver.
REC Limited, fined ₹10.77 lakh for non-compliance on board composition, explained that appointment authority lies with president of India via ministry of power.
National Aluminium Company was fined ₹14.31 lakh for SEBI regulation breaches and engaging with NSE regarding compliance issues.
Avenue Supermarts received a ₹28.28 lakh penalty from greater Bengaluru authority for construction non-compliance; no material operational impact is anticipated.
JSW Dulux received a minor show-cause notice of ₹0.02 lakh for GST shortfall in Madhya Pradesh; it is preparing a response within regulatory timelines.
KPI Green Energy energised a record 630MW DC (direct current) capacity in one quarter (June-August), surpassing its cumulative prior capacity, underlining rapid growth.
IRCTC was fined ₹20.46 lakh by NSE and BSE for board composition non-compliance; it is engaging with ministry of railways to resolve.
MTNL was fined ₹12.66 lakh by BSE for SEBI governance lapses; it said appointment of independent directors is managed by department of telecommunications.
Park Medi World has been awarded a mandate to develop and operate a 550-bed super-speciality hospital in Prayagraj with ₹200 crore investment, including ₹76.52 crore state subsidy.
Birlasoft was fined ₹1.23 crore for delay in legal document lodgement related to a composite scheme; the company expects no significant impact.
Ramco Systems (+0.56%) implemented its Payce payroll platform for Australia’s Cromwell Property group, enhancing statutory payroll compliance.
Orders
Smartworks Coworking Spaces secured ₹235 crore in incremental contracted rental revenue from expansions by existing Fortune 500 and Forbes 2000 clients, adding to its ₹5,400 crore rental base as of June 2026.
ACME Solar Holdings won a 300MW allocation in Solar Energy Corporation of India’s (SECI) e-reverse auction at a tariff of ₹6.00/kWh (kilowatt-hour), adding 1.2GWh (gigawatt-hour) to its battery energy storage portfolio, advancing its renewable energy footprint. ACME Solar (-0.84%) executed a 130MW round-the-clock renewable energy power purchase agreement (PPA) with
Northeast Frontier Railway, commencing February 2029 with a 25-year tenure at ₹4.35/kWh tariff.
Suzlon Energy secured a 250MW wind energy order from Torrent Green Energy, expanding its partnership and capacity across Gujarat, Karnataka and Madhya Pradesh.
Larsen & Toubro’s Renewables business secured a major Middle East order for three battery energy storage system (BESS) projects valued between ₹5,000 crore and ₹10,000 crore, adding 6GWh of storage capacity.
Ceigall India won a ₹608.67 crore per annum, 35-year power transmission project under REC Power Distribution Company Ltd (RECPDCL), involving substations and 300km (kilometre) transmission lines in Gujarat and Maharashtra.
Adani Energy Solutions secured a ₹4,700 crore transmission project to evacuate renewable energy from Karnataka to Maharashtra, including pumped storage infrastructure, with completion targeted within 36 months.
MTAR received ₹126.7 crore orders for coolant channel assemblies for refurbishment of Rajasthan Atomic Power Station Unit-4 (RAPS-4) and Madras Atomic Power Station Unit-2 (MAPS-2) nuclear reactors, boosting its nuclear order-book to over ₹775 crore.
Larsen & Toubro won a ₹5,000 crore-₹10,000 crore order in the Middle East for three BESS projects totalling 6GWh with advanced liquid cooling technology.
Capacit’e Infraprojects secured a ₹741 crore letter of intent (LoI) from Mahindra Lifespace Developers for core and shell construction in Mumbai projects.
CEAT won a ₹107 crore GST demand appeal, nullifying the liability with no impact on financials or operations.
Hindalco commissioned India’s first superfine Precipitated Aluminium Trihydrate (PPT ATH) plant in Belagavi powered entirely by renewable energy, with 30,000 tonnes annual capacity targeting fire-safe cable materials.
Ramco Systems implemented its Payce payroll platform for Australia’s Cromwell Property group, enhancing statutory payroll compliance.
GR Infraprojects received a ₹321.60 crore show-cause notice for GST discrepancies (April 2020 to March 2021); the company is preparing its response and does not expect material financial impact
Investment/ Acquisition / Stake Stale /Join Venture
Hero MotoCorp invested ₹960 crore in associate Ather Energy via preferential allotment of convertible warrants, reinforcing electric vehicle (EV) sector commitment.
GMR Airports revised aeronautical tariffs at Hyderabad’s Rajiv Gandhi International Airport effective 1 September 2026, per AERA’s fourth control period order.
Sudarshan Chemical acquired Clariant’s aluminium dyes manufacturing plant in Muttenz (Switzerland), enhancing control over specialty colorants production.
Bajaj Finance raised ₹5,000 crore via secured redeemable non-convertible debentures (NCDs) with 8.15% coupon, maturing in 2036, with asset cover of 1.10x for original investors.
Bikaji Foods partnered with bakery expert Mr Khaleel, transferring 30% stake in Bikaji Bakes Pvt Ltd to expand bakery presence in India.
Vikram Solar completed acquisition of Vikram Solar Australia Pty Ltd, expanding international renewable energy footprint.
Top gainers and losers of the major indices for the week are given in the table below:
