Avantel (BOM:532406) has secured an order worth 19.2 million Indian rupees from Bharat Electronics (NSE:BEL, BOM:500049), according to a BSE filing on Friday.
The contract for the supply of power amplifiers is an addition to Bharat Electronics' existing order value of 110.4 million rupees.
The project is expected to be completed by September.
The company's shares were up over 2% in recent trade.
Real estate developer Godrej Properties (NSE:GODREJPROP, BOM:533150) has partnered with engineering and construction company Tata Projects for three of its luxury developments in Gurgaon, India, according to a Friday filing to the Indian stock exchanges.Under the pact, Tata Projects has awarded a contract worth 11 billion Indian rupees. The order is for setting up the core and shell construction works across Godrej Properties' three upcoming projects, Godrej Sora, Godrej Astra, and Godrej Samaris in Gurgaon.The company said this is its largest single construction contract award to date.Godrej Properties' shares were up nearly 1% in recent trade.
Chengdu Shengnuo Biotec's (SHA:688117) unit, Chengdu Shengnuo Biopharmaceutical, completed the drug master file registration with the U.S. Food and Drug Administration for the active pharmaceutical ingredient, terlipressin acetate, according to a Shanghai bourse filing on Friday.The drug is used for treating bleeding in the gastrointestinal and genitourinary systems.The peptide drugmaker's shares rose by less than 3% at the close.
Electrification among China's heavy-duty trucks could pick up, which would heighten competition in the sector, S&P Global Ratings said in a recent release.Anchoring government policies, technological innovation, and reduced ownership costs will help accelerate electrification in the industry, S&P said.Increased competition could test traditional producers' capacity to shield their market share, the rating agency said.S&P also expects local heavy-duty truck sales volume to weaken in 2026, after strong demand in 2025 due to policy incentives.As a result, the rating agency projects the market to be mainly replacement-driven within the next few years.Manufacturers will increase their overseas expansion amid strong demand in emerging markets, offsetting the domestic slowdown, S&P said.