Why IDFC First Bank, AU Small Finance, Airtel, UPL, Prestige group, Lodha Developers, Adani Ports, Rail Tel others will remain focus on Monday?

IDFC First Bank Ltd disclosed a potential fraud incident, involving unauthorised activities worth ₹590 crore by certain employees at its Chandigarh branch, linked to Haryana Government accounts. The issue surfaced from a Haryana Government department’s account closure request, revealing discrepancies between stated balances and actual funds. Further probes from February 18 showed mismatches in other Haryana entity accounts at the branch. Preliminary review confirms the matter is isolated to specific government-linked accounts, not affecting other customers. Final impact depends on claim validation, recoveries (including liens on beneficiary accounts at other banks), and legal proceedings, the company said.

In a major crackdown, the Government of Haryana on Sunday barred IDFC First Bank and AU Small Finance Bank from handling government business with immediate effect over an alleged fraud to the tune of ₹590 crore. An official notice issued by the Finance Department stated that both banks have been barred from carrying out any transactions related to the Haryana government until further orders.

Telecom, IT stocks

Zscaler Inc along with Bharti Airtel has announced the launch of the AI & Cyber Threat Research Centre - India. This multi-stakeholder initiative aims to advance national cyber resilience, protect critical sectors like telecommunications, banking, and energy, safeguard digital users, and accelerate trusted AI adoption amid India’s rapid digital expansion.

Take Solutions Ltd, a global AI-driven healthcare company, has announced the integration of advanced artificial intelligence capabilities powered by Anthropic’s Claude. This strategic technology adoption marks a significant milestone in Take Solutions’ ongoing mission to build scalable, intelligent, and preventive healthcare platforms designed to improve outcomes, enhance efficiency, and enable data-driven healthcare delivery. The integration of Anthropic’s Claude advanced AI capabilities will strengthen Take Solutions’ upcoming platforms, including its AI-driven Preventive Healthcare Platform, One Minute Clinic, and its Unified AI Marketplace. These platforms are being designed to transition healthcare from a reactive treatment model to a predictive and preventive care ecosystem.

Realty stocks

Prestige Group has announced the signing of a landmark Definitive Agreement with Bangalore Metro Rail Corporation Ltd (BMRCL) to adopt and co-brand Bellandur Metro Station as “Prestige Bellandur Metro Station”. Under the agreement, Prestige Beta Projects Private Limited will invest ₹115 crore (excluding GST) towards station upgradation and enhancement, infrastructure support, and long-term partnership rights over a 30-year concession period. The orders are scheduled for execution during the forthcoming quarters.

Lodha Developers has partnered with Sahana Group companies to build projects on multiple land parcels over 10 acres in Mumbai, according to CRE Matrix. Real estate data analytic firm CRE Matrix has seen the registration document of Joint Development Agreement (JDA) between Lodha Developers and Sahana entities -- Sahana Properties and Resorts Pvt Ltd and Sahana Builders and Developers Pvt Ltd.

Hazoor Multi Projects has been awarded a Work Order by Tata Steel Ltd. The Work Order pertains to the design and engineering, execution, and handover of OPR & NOPR colony at TSSIJ, Bileipada, Joda, comprising apartment blocks G+9 structure for Employees as per Architectural scheme & bidder’s design approved by Tata Steel, with construction of such blocks Civil, Architectural, Electrical, Plumbing & Sanitary, fire fighting, water proofing, underground/overhead water storage tank including area development up to 5 metres all around the individual blocks and installation of automated elevated lift, fire fighting all complete.

Infrastructure players

Adani Ports and Special Economic Zone Ltd (APSEZ), through its subsidiary Adani Gangavaram Port Limited (AGPL), has signed a strategic Memorandum of Understanding (MoU) with NMDC Limited (A Government of India Enterprise) and Vale S.A. (Brazil) at the India-Brazil Business Forum Summit held in New Delhi. The MoU was signed during the official visit of H.E. Luiz Inácio Lula da Silva, President of Federative Republic of Brazil to India, and Shri Piyush Goyal, Minister of Commerce and Industry of India, underscoring the deepening India-Brazil strategic partnership.

RPP Infra Projects Ltd has received the new work order from Sports Development Authority of Tamil Nadu for Establishment of Global Sports City, Chennai. The value of work order is ₹205.89 crore (including GST @18 per cent).

RailTel Corporation of India Ltd in consortium with Ashoka Buildcon Ltd has received the Letter of Intent (LoI) from Inspector General Of Registration. As per LoI, the accepted rate per page is ₹24.75 (Page refers to a scanned single side page of a registered document). The consideration value is not stated in the LoI. The average no of pages scanned per year, over the last five years as per the RFP is 9.18 crore pages. Accordingly, the expected financial impact for the five-year contract period will be approx ₹1,136.18 crore.

Highway Infrastructure has signed ₹254.59 crore deal for the operation and collection of user fees at Moti Naroli Fee Plaza in Gujarat. Besides, it has also entered into a contract worth ₹69.68 crore for the development of a road under Town Planning Scheme-08 from Kumedi to Lasudiya Mori (up to AB Road), Indore.

The board of NHPC has approved the investment proposal for implementation of Uri-I Stage-II HE Project (240 MW) in UT of Jammu & Kashmir at an estimated cost of ₹2,708.95 crore at completion level (start date as 01.03.2026) including ₹264.31 crore for IDC and grant of ₹26.20 crore for enabling infrastructure subject to the signing of implementation agreement by NHPC with Government of Jammu & Kashmir JKSPDC & other requisite approvals, if any.

Vikram Solar has entered into a strategic domestic cell procurement agreement worth ₹2,000 crore with Jupiter International to procure high-efficiency TOPCon solar cells and high-efficiency mono PERC solar cells, aggregating to 2 GW of ALMM-compliant crystalline solar cells.

UPL, Himalaya Food, R&B Denims

Fitch Ratings has maintained the credit rating of UPL Corporation at ‘BB/Stable’ after the proposed group reorganisation. It will not lead to any change in its creditworthiness or consolidated rating framework, it said. The reorganisation transfers UPL’s Indian and global crop protection businesses to a new listed entity, UPL Global Sustainable Agrisolutions through share swap. UPL is expected to retain a majority stake of around two-thirds post-reorganisation. Post the restructuring, promoters will hold 33.09 per cent in UPL and public shareholders 66.91 per cent. In UPL GSAL, promoters will hold 71.6 per cent while public shareholders will be 28.4 per cent.

Himalaya Food International Ltd has announced a landmark achievement in its North American growth strategy. The company has successfully completed product registration and secured approval with US Foods, one of the largest foodservice distributors in the United States. This approval significantly enhances Himalaya’s visibility across the vast US Foods distribution network, paving the way for future product listings and regional growth.

R & B Denims Ltd has secured confirmed Sales Orders aggregating to approximately ₹215.88 crore for the supply of approximately 12,000,000 metres of denim fabric products from established Merchant Exporters. This order inflow represents a significant commercial achievement and one of the notable order consolidations for the Company in recent periods. The scale and value of these orders underscore strong demand traction, sustained client confidence, and the Company’s expanding execution capabilities.

Biocon, Brazil deal

BahiaFarma, Biocon Biologics Ltd, and Bionovis have entered into a memorandum of understanding (MoU) for the development of a Pertuzumab, indicated for HER-2 metastatic breast cancer. The MoU was inked in the presence of visiting Brazilian President Luiz Inacio Lula da Silva and Commerce and Industry Minister Piyush Goyal at the Ficci’s India-Brazil Business Forum.

Another MoU was signed between NMDC Ltd, Vale SA, and Adani Gangavaram Port Ltd to increase cooperation in creating a facility under a Special Economic Zone (SEZ) regime at the Port of Gangavaram, intended for blending and selling iron ore fines.

Pine Labs has announced that its wholly-owned subsidiary, BrokenTusk Technologies Private Ltd has acquired 100 per cent stake in Agya Technologies Private Limited on February 20 for ₹13.9 crore in cash. Agya Technologies, an RBI-authorised Non-Banking Financial Company - Account Aggregator (NBFC-AA), specialises in online financial account aggregation. It had nil turnover for FY23-FY25 and paid-up capital of ₹1.34 lakh. BTPL increased its prior 25.40 per cent stake (9,540 shares) to full ownership by acquiring the remaining 10,000 shares.

Order wins by these companies

Kalind Ltd (Formerly Arunis Abode Limited) has received a Purchase Order from Dhiaani Rental Company Limited Water Street, Kono Junction, Sierra Leone, amounting to ₹14.84 crore.

Shri Balaji Valve Components Ltd has received a bulk export order from a reputed entity based in the Kingdom of Saudi Arabia approximately for $4.25 lakh. The order has to be executed within the mutually agreed delivery schedule over the next 8-to 12-week period. This order further strengthens the Company’s presence in the international market.

Sharika Enterprises has received a Purchase order from LS Cable India Private Limited for Supply of 48F OPGW Cable for a consideration of ₹64.47 lakh.

Mach Conferences and Events Ltd, one of India’s leading listed MICE and travel management companies, has secured a prestigious international MICE order valued at approximately ₹17 crore from a leading BFSI institution. The program, scheduled in the first week of April 2026, will involve the movement of approximately 600-650 delegates from India to Auckland, New Zealand for a 3-night engagement. The scope of services includes end-to-end travel management, accommodation consolidation, ground logistics, conference production, curated destination experiences, and gala event execution.

Artson Ltd (Formerly Artson Engineering Limited) has received a Letter of Commitment / Award from Reliance Industries Limited (RIL) for ₹13.20 crore, excluding taxes, for Supply of Storage Tanks.

Published on February 23, 2026