Key facts
- Dr Reddy's launched a generic version of Bosulif tablets in the US.
- JSW Energy is acquiring a 300 MW thermal power project.
- Adani Green Energy plans a 14 GWh battery storage system in Gujarat.
- KIMS approved issuing warrants at Rs 779 each.
- NLC India secured a critical mineral block in Telangana.
- Nestlé India denied claims of infestation in MAGGI noodles.
Indian stock markets saw a significant rebound on Friday, with the Nifty index defending the crucial 23,000 support level and reclaiming 23,500, signaling potential for further gains. This recovery was attributed to supportive global cues and a reduction in geopolitical concerns.
Several individual stocks were in focus due to specific corporate announcements. Dr Reddy's Laboratories announced the launch of its generic equivalent of Bosulif tablets (400 mg) in the United States, a drug used to treat adults with Philadelphia chromosome-positive Chronic Myeloid Leukemia. Bosulif had reported US sales of approximately $253.8 million in the 12 months ending April 2026.
JSW Energy has entered into a definitive agreement to acquire 100% equity shares of Maruti Clean Coal and Power, which operates a 300 MW thermal power project in Chhattisgarh. This acquisition is subject to regulatory approvals.
Adani Green Energy (AGEL) is planning to commission a 14 gigawatt-hour battery energy storage system (BESS) at Khavda, Gujarat, by the end of the current fiscal year. This initiative aims to mitigate clean energy wastage in a country still developing its energy storage infrastructure.
KIMS Hospitals' Board has approved the issuance of 77,02,182 warrants at a price of Rs 779 each on a private placement basis. These warrants can be exercised within 18 months of their allotment.
State-owned NLC India Ltd announced it has been declared the preferred bidder for a critical mineral block in Telangana, following auctions conducted by the Ministry of Mines.
Nestlé India publicly rejected allegations circulating on social media regarding infestation in its MAGGI noodles, stating that the claims were unverified and that product testing confirmed adherence to quality standards.