India and Sri Lanka have taken a significant step forward in their bilateral relations, marking the first-ever defence cooperation pact between the two nations. This agreement, finalized on Saturday, underscores the growing interdependence between India and Sri Lanka, with both countries emphasizing the importance of shared security interests. Prime Minister Narendra Modi and Sri Lankan President Anura Kumara Dissanayake highlighted the strategic nature of the pact, which includes agreements in defence, energy, and infrastructure.

Ola Electric has reported impressive sales of 23,430 units in March 2025, according to the VAHAN portal, signaling robust demand in both urban and rural markets. Despite facing temporary disruptions due to a shift to in-house vehicle registrations in February, the company has made significant progress in clearing the backlog. Ola Electric is also ramping up production of its Gen 3 portfolio, with deliveries already underway.

In its latest research note dated March 11, 2025, Geojit Financial Services upgraded Eicher Motors Ltd (EML) from ‘Hold’ to ‘Buy’ with a revised 12-month target price of Rs. 5,665, indicating a 14% upside from the current market price of Rs. 4,985. The upgrade is driven by robust growth in the motorcycle and commercial vehicle segments, rising exports, new product launches, and strategic expansion into international markets. The company’s foray into electric mobility and solid financial performance provide a compelling investment case in India’s evolving automotive landscape.

The latest recommendation from ICICI Securities reflects confidence in Sun Pharma’s specialty growth strategy, underpinned by its acquisition of Checkpoint Therapeutics for a total potential outlay of USD 355 million. This acquisition secures access to Unloxcyt (cosibelimab)—an FDA-approved anti-PD-L1 monoclonal antibody for treating advanced cutaneous squamous cell carcinoma (cSCC), the second most common form of skin cancer. With annual deaths from advanced cSCC touching 15,000 in the U.S.

In a bold step toward industrial transformation, Uttar Pradesh is set to develop two world-class Integrated Manufacturing Clusters (IMCs) in Agra and Prayagraj at an estimated investment of ₹1,046 crore. Designed to attract private capital, create employment, and foster innovation, these IMCs will host advanced infrastructure, research facilities, and incubation centers.

Inox Green Energy Services has significantly expanded its presence in the solar operations and maintenance (O&M) sector, securing new contracts covering 285 megawatt-peak (MWp) of solar capacity for two major renewable energy firms. This milestone elevates the company’s managed solar portfolio to 1 gigawatt (GW) within just one month of entering the segment.