## Market News and Updates### Positive News- **Granules India Gains FDA Approval for Generic ADHD Drug:** The company's treatment has received the green light for release in the US market.- **MTNL's Bonds Upgraded by CARE Rating:** The rating agency has assigned positive ratings to MTNL's bonds, boosting investors' confidence.- **JSW Energy Teams Up with LG Energy for Battery Joint Venture:** A substantial investment of $1.5 billion will fuel the collaboration for electric vehicle and renewable energy storage battery manufacturing.- **Minda Corporation Forms New Joint Venture:** The automotive components manufacturer has partnered with HSIN Chong Machinery Works to establish Minda-HCMF Technologies.- **Sonata Software Unveils IntellQA:** This AI-powered test acceleration platform will streamline and enhance testing processes.- **Fermenta Biotech Sells Commercial Office Space in Mumbai:** The company has closed a deal worth Rs 400 million for its Worli property.- **Supriya Lifescience Expands Production Facility:** The state-of-the-art production block in Maharashtra strengthens the company's manufacturing capabilities.- **Aditya Birla Real Estate Acquires Land for Residential Development:** The subsidiary, Birla Estates, has secured a substantial land parcel in Boisar for a new residential project.- **Cellecor Gadgets Strengthens AC Production:** The partnership with Epack Durable Pvt. Ltd. bolsters the company's air conditioner manufacturing capacity.- **Gulf Oil Lubricants Extends Partnership with Piaggio India:** The exclusive collaboration has been renewed for eight more years.- **GIPCL Secures Major Solar Project Contract:** The company has won a 500 MW solar PV project, contributing to the growth of renewable energy in Gujarat.- **LTIMindtree Obtains Tax Order Stay:** The High Court of Karnataka has granted an interim stay on the tax order against the company, providing financial relief.- **Jindal Saw Acquires Stake in Renewable Energy:** The company expands its presence in the green energy sector by purchasing a significant share in Renew Green Energy.- **Indian Tourism Surges:** India has emerged as a leading destination for global tourism, experiencing record spending and increased luxury travel.- **Infosys Collaborates with Google Cloud:** The partnership aims to drive innovation in enterprise AI, fostering the development of new solutions.- **HCC's QIP Issue Fully Subscribed:** Strong institutional demand has fueled the successful completion of the company's fundraising initiative.- **Route Mobile Appoints New CEO:** Gautam Badalia takes over the leadership of the mobile messaging and communications provider.- **Chennai Petro Welcomes New Chairman:** Arvinder Singh Sahney assumes the part-time role on the board of directors.- **Ambuja Cement Merges with Subsidiaries:** The company consolidates its operations by merging Sanghi and Penna Cement Industries.### Neutral News- **Glenmark Life Changes Name:** The company has received approval for the name change to Alivus Life Sciences.- **Aurobindo Pharma Receives FDA Inspection Result:** The inspection concluded with two observations at the Apitoria Pharma arm.- **Oil India Appoints New Director:** Shri Trailukya Borgohain will join the company's board as Director (Operations) in 2024.- **Exide Industries Invests in Subsidiary:** The company remains the majority shareholder in Exide Energy Solutions after investing Rs 99.99 Cr.- **Elpro International Buys Healthcare Shares:** The company has acquired shares in Blue Jet Healthcare for Rs 75.4 million.- **IIRM Holdings India Plans Rights Issue:** The company seeks to raise up to Rs 44 Cr through an equity share issue.- **Sun TV Network's Merger Approved:** The scheme of amalgamation for south Asia FM and related companies has been approved by the NCLT.- **Brooks Laboratories to Issue Shares:** The company has plans to issue preferential shares at a price of Rs 141.5 per share.- **Bartronics' Shareholders Plan to Sell Shares:** Kinex India Private Limited intends to sell a portion of its shares in the company.- **SpiceJet Aims for Revival:** The company explores options for a Rs 3,000 Cr QIP after successful fundraise in September.- **Piramal Enterprises Considers NCD Issuance:** The company prepares for a potential debt offering in December.- **Aditya Birla Sun Life AMC CEO Resigns:** Vikas Gautam steps down from his role as CEO - International Business.- **Alembic Pharma Issues Corporate Guarantee:** The company provides a $10 million guarantee to HSBC Bank, Chile, for its Chile-based arm.- **Pondy Oxides Opens QIP:** The company sets the floor price for its qualified institutional placement offering.- **Muthoot Capital Plans NCD Issuance:** The company will consider issuing non-convertible debentures in December.- **Swiggy/Zomato Compete with Ola:** Ola enters the 10-minute food delivery market in Bengaluru, challenging established players.- **Shriram Finance in Multicurrency Loan Talks:** The company explores a potential $1.25 billion social loan.- **Adani Energy Establishes Transmission Arm:** The company incorporates a new subsidiary for power distribution and supply.### Negative News- **Va Tech Wabag Loses Desalination Plant Tender:** The company faces a setback as a major contract in Saudi Arabia is canceled.