While global capital flows exhibited caution, India’s domestic financial market displayed remarkable stability, driven by strong local participation. Domestic institutional investors (DIIs) extended an unprecedented 25-month buying streak, injecting Rs94,829 crore into Indian equities in August alone—the second-highest monthly inflow since October 2021. DIIs have pumped in Rs1.74 lakh crore, outpacing foreign institutional investors (FIIs) who added Rs1.20 lakh crore over the same period. Foreign portfolio investors (FPIs) have pulled out Rs33,200 crore from Indian equities in August, their steepest monthly outflow in seven months. The selloff brought total equity withdrawals for the year to Rs1.24 lakh crore (US$14.9bn-- billion), with cumulative dumping at Rs1.78 lakh crore (US$21.4bn) over the first eight months. The divergence between FII and DII activity highlights a key structural shift: India’s markets are no longer as susceptible to foreign flight, with robust domestic savings acting as a powerful buffer.
Foreign direct investment (FDI) inflows into the country rose to US$18.62bn in the April–June quarter of FY25-26, marking a year-on-year (y-o-y) increase of 15%. Equity inflows, which had declined 24.5% in the previous quarter, rebounded sharply. The United States emerged as the top contributor, nearly tripling its investment to US$5.61bn and accounting for approximately 30% of total inflows. Concurrently, the capital goods sector recorded a sharp uptick in July, with orders rising 29.1% y-o-y. Analysts attribute the surge in part to investor efforts to preempt potential tariff escalations amid rising trade tensions.
The trends of the major indices in the course of the week's trading are given in the table below:
News
Ceat Ltd introduced SecuraDrive CIRCL, India’s first road-ready passenger car tyre with up to 90% sustainable bio-based materials, featuring three patented innovations for eco-friendly performance without compromising safety or quality.
Tata Consultancy Services (TCS) completed the final phase of a large-scale digital transformation for Scottish Widows, migrating the life and pension heritage data of over 900,000 customers to its TCS BaNCS™ administration platform via subsidiary Diligenta. This brings the total number of Scottish Widows customers transitioned to the modern platform to more than 3.8mn (million), replacing multiple legacy systems. The upgrade is designed to streamline operations and deliver faster, simpler and more efficient services.
Aurionpro Solutions entered into a strategic partnership with Sri Lanka’s DFCC Bank PLC to jointly develop and deploy predictive and generative artificial intelligence (AI) solutions aimed at transforming the Bank’s digital operations. The collaboration will focus on enhancing customer engagement, streamlining service delivery and enabling data-driven decision-making.
Leveraging Aurionpro’s deep-tech capabilities through its subsidiary Arya.ai, the initiative will deliver scalable, customised AI tools aligned with DFCC Bank’s long-term digital strategy.
Lloyds Metals and Energy Limited (LMEL) commissioned a 360,000TPA (tonnes per annum) sponge iron plant at Ghugus (Maharashtra). The first of two kilns is operational and production is being gradually ramped up. The project was delivered on a turnkey basis by Lloyds Engineering Works. With this addition, LMEL’s total sponge iron capacity now stands at 700,000TPA, supported by captive iron ore resources. This commissioning follows two earlier completions in the current fiscal year: an 85km (kilometre) slurry pipeline and a 4 MTPA (metric tonnes per annum) pellet plant .
Neogen Chemicals Limited announced that its wholly-owned subsidiary, Neogen Ionics Limited (NIL), signed a joint venture (JV) agreement with Japan’s Morita Investment Limited (MIL), part of Morita Chemicals Industries. Under the deal, both parties will invest in Neogen Morita New Materials Limited (NML) — currently a wholly-owned subsidiary of NIL — which will focus on producing, developing and selling solid LiPF salt and other related materials. Solid LiPF salt is a critical raw material for manufacturing electrolytes used in lithium-ion batteries.
HEG Limited’s wholly-owned subsidiary, TACC Limited, entered into a technical collaboration agreement with Sri Lanka-based Ceylon Graphene Technologies (CGT), a subsidiary of LOLC Holdings PLC. The agreement aims to accelerate the commercialisation and adoption of graphene and its derivatives on a large scale.
PG Electroplast, via its step-down subsidiary Next Generation Manufacturers, signed an MoU (memorandum of understaning) with the government of Maharashtra to establish a Rs1,000-crore greenfield consumer electronics manufacturing facility at Kamargaon in Ahilyanagar. Part of the state’s ‘Magnetic Maharashtra’ initiative, the plant will be highly vertically integrated, producing air-conditioners, washing machines, refrigerators and allied products, while strengthening the local components ecosystem.
Dreamfolks Services Limited announced that three key suppliers — Adani Digital, Semolina Kitchens and Encalm Hospitality — plan to terminate their service agreements in the coming months, with the first two ending ties on 15 September 2025 and Encalm on 1 November 2025. The company has requested these partners to reconsider and has filed a Section 9 petition in the Delhi High Court seeking interim injunctions against Encalm to maintain service continuity.
Adani Green Energy Limited (AGEL) commissioned a 125MW (megawatt) solar power project at Khavda (Gujarat), through its wholly-owned subsidiary Adani Renewable Energy Fifty Six Limited. The plant was brought online after receiving all necessary clearances, taking AGEL’s total operational renewable capacity to 15,990.5MW.
Ashok Leyland, the Hinduja group’s flagship commercial vehicle manufacturer, has unveiled a Rs5,000-crore investment plan over the next seven to 10 years to develop and manufacture next-generation batteries for automotive and non-automotive uses, including energy storage systems. As part of this push, it had signed a long-term exclusive partnership with China’s CALB group to localise battery production in India, initially focusing on its own and subsidiary, Switch Mobility’s, electric vehicle (EV) portfolio before expanding to wider market demand. The collaboration will also establish a Global Centre of Excellence for research & development (R&D) in battery materials, recycling, management systems and advanced manufacturing.
Glenmark Pharmaceuticals Inc, USA will launch Eribulin Mesylate Injection, 1mg/2mL (0.5mg/mL) single-dose vials, in September 2025 — its first complex generic in the institutional healthcare segment. Bioequivalent to Eisai Inc’s Halaven® injection, the product offers a cost-effective oncology treatment alternative for US hospitals while matching the reference drug’s therapeutic efficacy.
RateGain Travel Technologies Limited introduced the hospitality industry’s first model context protocol (MCP) integration for its booking engine, enabling AI assistants to offer conversational, real-time hotel search and booking.
Indraprastha Gas Limited (IGL) formed a JV with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) to set up a solar power plant in Rajasthan, marking its entry into the renewable energy sector. IGL will hold a 74% stake and operational control, with RVUNL owning 26%, as part of India’s broader clean energy push.
L&T Technology Services Limited (LTTS) entered a strategic partnership with Silicon Valley-based SiMa.ai to deliver advanced physical AI solutions across mobility, healthcare, industrial automation and robotics. The collaboration will integrate LTTS’ engineering expertise with SiMa.ai’s MLSoC™ ONE platform and software SDK to develop high performance, power efficient AI hardware and software, targeting applications such as in vehicle infotainment (IVI), advanced driver assistance systems (AD/ADAS), robotics and industrial automation.
Sarveshwar Foods Limited signed a strategic MoU with a German technology company to bring advanced solutions for rice storage, preservation and preparation. The partnership will introduce innovations such as CO -based storage systems, reusable cocoons to cut waste and smoke-generator technology.
Unichem Pharmaceuticals (USA) Inc, a subsidiary of Unichem Laboratories (-0.97%), initiated a voluntary nationwide recall in the US of one lot of cyclobenzaprine hydrochloride tablets USP, 10mg after discovering bottles labelled as the muscle relaxant actually contained meloxicam 7.5mg tablets, a non-steroidal anti-inflammatory drug (NSAID) used for arthritis treatment. The mislabelling poses potential health risks, especially for patients with NSAID allergies, those on blood thinners, or with certain pre-existing conditions, though no adverse events have been reported so far.
Lupin Limited (Lupin) received United States food and drug administration (US FDA) approval for its abbreviated new drug application (ANDA) for risperidone extended-release injectable suspension in 25mg, 37.5mg and 50mg single-dose vials. As the first product from its subsidiary Nanomi BV’s proprietary long-acting injectable (LAI) platform, it also carries a 180-day competitive generic therapy (CGT) exclusivity. The drug, bioequivalent to Risperdal Consta®, is used for treating schizophrenia and as maintenance therapy for bipolar-I disorder.
TCS partnered with the Indian Institute of Technology Kanpur (IIT K) under the AIRAWAT Research Foundation to drive AI-powered solutions for sustainable urbanisation in India. Backed by the ministry of education and the ministry of housing and urban affairs, the collaboration will use advanced technologies such as digital twins, remote sensing, and data-driven modelling.
Caplin Steriles Limited (CSL), a subsidiary of Caplin Point Laboratories Limited (+1.58%), received final US FDA approval for its ANDA for milrinone lactate in 5% dextrose Injection in 20mg/100mL and 40 mg/200 mL single-dose infusion bags. The product, a generic of PRIMACOR by Sanofi Aventis US LLC, is indicated for short-term intravenous treatment of acute de-compensated heart failure and had US sales of about US$1mnmillion in the year to July 2025.
Aarti Pharmalabs Limited (APL) inaugurated phase-1 of its greenfield manufacturing facility at Atali (district Bharuch, Gujarat), after securing all required approvals. The 80-acre site starts with a 440kL reactor capacity across 63 reactors and is designed for scalability, with potential to expand up to 8-10 times its current capacity.
Ester Industries (Ester), through its JV Ester Loop Infinite Technologies Private Limited (ELITe) with Loop Industries, has acquired land near Surat (Gujarat) to build India’s first Infinite Loop™ chemical recycling plant. The Rs1,600-crore greenfield facility will initially process 70,000MT (metric tonnes) of polyester textile waste annually into virgin-quality Polyethylene Terephthalate (PET) resin, with scope to expand by 100,000 tonnes, operating on about 80% renewable energy and targeting up to 80% lower carbon emissions than conventional PET production.
Zaakpay, a subsidiary of One MobiKwik Systems Limited (-3.32%), teamed up with Capital Region Urban Transport (CRUT), under the ONDC Network, to launch a WhatsApp-based bus ticketing service across Odisha. Developed with PeLocal as the integration partner and Zaakpay as the payment gateway, the system enables commuters to book, pay and receive digital tickets via chat—streamlining access for over 24mn annual users across nine cities including Bhubaneswar, Cuttack and Puri.
Solar Industries India reported a fatal explosion at its Chakdoh facility near Nagpur on 4 September 2025 during the crystallisation of an energetic material. Despite emergency protocols and safety systems being activated, the blast resulted in one death and eight injuries. Authorities have been notified, and a detailed investigation is underway to determine the root causes and implement corrective measures.
AbhiBus, the bus ticketing platform under Ixigo, expanded its reach by integrating seven new state road transport corporations (SRTCs)—ASTC, SBSTC, TSRTC, PRTC, KSRTC, SNT and UTC—into its network.
Tata Elxsi and Evergent launched subscription hub, a unified platform designed to help media and telecom operators streamline and monetise diverse subscription services—from entertainment and gaming to education and financial tools.
Vakrangee Limitedpartnered with SBI General Insurance Company Limited to offer a broad suite of general insurance products—motor, health, home, travel and personal accident—through its nationwide network of Vakrangee Kendras. The collaboration targets underserved tier-4 to tier-6 regions, aiming to improve financial protection and insurance accessibility for rural and semi-urban populations.
Orders
DEE Development Engineers Limited secured a Rs170-crore order from a leading Indian public sector undertaking (PSU) in the power sector to supply about 1,900MT of critical piping for two major projects. The work, scheduled over nine to 15 months, further strengthens the company’s reputation as a reliable, independent partner for large-scale engineering solutions.
Indo Tech Transformers Limited (Indo-Tech) received a Rs78.39-crore purchase order from Avaada Clean Project Private Limited for the manufacture and supply of nine 125 Megavolt-Amperes(MVA) transformers. Delivery is scheduled in phases—two units by March 2026 and three each in April and May 2026—with no related-party involvement.
Puravankara Limited secured a redevelopment project for the Samrat Ashok Co operative Housing Society Ltd in Mumbai’s Malabar Hill, through its subsidiary Purva Blue Agate Private Limited. The 1.43 acre site offers 700,000sqft (square feet) of development potential, expected to generate about Rs2,700 crore in revenue from premium homes for residents and saleable units.
Ganesh Infraworld Limited won a Rs708-crore, 24 month contract for the operation and maintenance (O&M) of heavy mining equipment at the Nigahi Mine in Singrauli (Madhya Pradesh).
Adani Power secured a letter of award (LoA) from MP Power Management Company to develop an 800MW ultra-supercritical thermal power plant in Anuppur (Madhya Pradesh), under the design, build, finance, own and operate (DBFOO) model. Valued at around Rs10,500 crore, the project is among the state’s largest recent power sector investments and will supply electricity at a final tariff of Rs5.838/kWh (kilowatt hour).
Premier Energies announced that its subsidiaries — Premier Energies Photovoltaic, Premier Energies Global Environment and Premier Energies International — have collectively secured fresh orders worth Rs2,703 crore for the supply of solar photovoltaic (PV) modules and cells. The contracts, received from new and existing customers, represent a total capacity of 2,059MW. The orders will be executed over FY25-26 and FY26-27.
AXISCADES Technologies announced that its subsidiary, Mistral Solutions< won a key defence contract from the Combat Aircraft Systems Development & Integration Centre (CASDIC), DRDO, for the Su-30MKI ‘Super-30’ upgrade programme. The order covers the design and development of 10 electronic control units (ECUs) for the aircraft’s cooling system in a prototype phase valued at about Rs3 crore, to be completed within 18 months. On successful trials, the project is expected to move into full-scale production of around 600 units over a three- to five-year period, taking the total contract value to approximately Rs150 crore.
ACME Solar Holdings Limited (ACME Solar) won a 50-mw firm and dispatchable renewable energy (FDRE) project at a tariff of Rs4.43/unit under Tata Power Company Limited’s distribution arm, Tata Power D. Awarded via tariff-based competitive bidding and an e-reverse auction, the 25-year power purchase agreement (PPA) requires a minimum 40% annual capacity utilisation factor and four hours of peak hour supply with 90% monthly availability, to be delivered through a solar plus battery energy storage system (BESS) within 24 months of signing.
Bharat Heavy Electricals Limited (BHEL) accepted a Rs2,600-crore letter of intent (LoI) from MB Power (Madhya Pradesh) Limited for the supply of boiler, turbine, generator and associated auxiliaries for the 1×800MW Anuppur thermal power project. The project will utilise supercritical technology, with equipment manufactured at BHEL’s Trichy and Haridwar plants and is scheduled for completion in 58 months.
Investment/ Acquisition / Stake Stale
Zydus Wellness Limited announced its first overseas acquisition, with wholly-owned subsidiary, Alidac UK Limited, signing a definitive agreement to acquire UK-based Comfort Click Limited and its subsidiaries in Ireland, US and India. The deal, valued at £239mn (subject to customary adjustments), marks Zydus’ entry into the fast-growing vitamins, minerals and supplements (VMS) segment. Comfort Click, a leading digital consumer platform in the VMS space, reported unaudited FY24-25 revenues of £134mn with a five-year compounded annual growth rate (CAGR) of 57% and an adjusted operating profit of £21mnmillion. The acquisition is expected to strengthen Zydus’ global footprint and expand its consumer health portfolio.
Mukka Proteins Limited acquired a 51% stake in FABBCO Bio Cycle and Bio Protein Technology Private Limited (FABBCO) for about Rs6 crore, integrating its black soldier fly (BSF) larvae-based waste-to-protein technology into its operations.
Top gainers and losers of the major indices for the week are given in the table below:
