Stocks to Keep an Eye on: Adani Group, Alongside Twelve Other Corporations, on Friday, September 19
Business News Roundup
SEBI has cleared the Adani group of stock manipulation allegations made by US short-seller Hindenburg Research, finding no evidence that the conglomerate used related parties to route funds into its listed companies.
In a separate development, the Adani group has been declared the preferred bidder for the Punnam manganese block in Andhra Pradesh, after qualifying in the initial bid stage and participating in the state government's e-auction process.
Meanwhile, Oil India has received dividends amounting to $942 million from its Russian assets, representing over 91% of its original investment.
In the technology sector, the government of India has selected 8 players including Tech Mahindra, Fractal Analytics, BharatGen, and Avataar AI for building LLMs as part of the IndiaAI Mission.
Sasken Technologies Limited has formed a strategic partnership with VicOne, a subsidiary of Trend Micro, to enhance in-vehicle and fleet-wide cybersecurity for global OEMs and Tier-1 suppliers in the automotive industry.
Metropolis Healthcare Limited has completed its fourth acquisition in the last 10 months, with Dr. R.S. Patil's Ambika Pathology Laboratory in Kolhapur joining its network.
The board of Waaree Energies has approved a subsidiary to subscribe 76% of the share capital of Racemosa Energy (India) Private Ltd for about ₹53 crore. Racemosa Energy, it should be noted, is in the business of manufacturing smart meters.
UGRO Capital has received approval from the Reserve Bank of India (RBI) for its proposed acquisition of 100% shareholding of Profectus Capital Private Ltd.
Markolines Pavement Technologies Ltd has secured a ₹3.51 crore order from NCC Ltd for earth piling works to be completed at Malad in Mumbai.
In the financial sector, One MobiKwik Systems has confirmed a technical issue on September 11-12, 2025, caused certain failed transactions to be incorrectly marked as successful, resulting in unauthorized payouts to some merchants in and around the Nuh district, Haryana.
Arfin India Ltd has secured a significant order from JFE Shoji India Private Limited for the local supply of Aluminium Ingots, Aluminium Wire Rods, and Aluminium Cubes/Shots.
The Hyderabad Metropolitan Water Supply and Sewerage Board (HMWSSB) has executed a Concessionaire Agreement with Mallannasagar Water Supply Ltd (A Subsidiary of Ramky Infrastructure Ltd) for the execution of "HMWSSB - Godavari Drinking Water Supply Scheme - Phase-II & Phase-III - Filling of Osmansagar & Himayathsagar Reservoirs with Godavari Water for Rejuvenation of Musi River, under Hybrid Annuity Mode of Contract - Including Manning, Operation and Maintenance of Project - Package II."
Lastly, Radhakrishna Damani's family has picked up a 0.5% stake in Eternal, which owns Blinkit and Zomato, although the specifics of this acquisition remain unclear.
As always, stay tuned for more updates on the business world.
Read also:
- Quantum Computing Market in the Automotive Sector Forecast to Expand to $6,462.13 Million by 2034
- List of 2025's Billionaire Video Game Moguls Ranked by Fortune
- VinFast Accelerates Globally, Leveraging Vingroup's Technological and Financial Foundation
- Transformation of Decarbonization Objectives in the Iron Ore Pellets Sector
