Today's key corporate developments were largely positive.
TCS reported an inline Q1 performance with strong deal wins of US$9.5 billion, although margins softened due to wage hikes. ONGC received in-principle approval to develop petroleum reserves in Mangalore, supporting its long-term production outlook. POWERGRID secured the Bhadla–Kanpur transmission project, strengthening its execution pipeline. DIXON received government approval for its 51:49 joint venture with Vivo, a significant positive for its smartphone manufacturing business. Meanwhile, HAVELLS entered the battery energy storage segment through a strategic partnership with Pixii AS, marking its expansion into a high-growth clean energy market.
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