Indian markets are set to keep a close watch on a few major companies this week as important developments unfold across the technology, banking, pharmaceutical, and electric vehicle sectors.
Tech Mahindra announced a significant step towards strengthening its European presence. Its step-down subsidiary, Pininfarina S.p.A., has raised its stake in Signature S.r.l. from 24 percent to 84 percent for EUR 132,500. With this deal, Signature has officially become a subsidiary of Pininfarina and consequently, a step-down subsidiary of Tech Mahindra.
This move is expected to expand the company’s design and innovation footprint across international markets.
In the banking sector, two of India’s biggest names—State Bank of India (SBI) and ICICI Bank—received rating actions from S&P Global Ratings. SBI saw its issuer credit rating upgraded to BBB/Stable/A-2 from BBB-/Positive/A-3, a development that reflects the bank’s improving credit profile and stability.
Similarly, ICICI Bank’s credit rating and outlook were revised to BBB/Stable/A-2 from BBB-/Positive/A-3. In addition, the bank’s stand-alone credit profile (SACP) was affirmed at A-, highlighting the institution’s solid fundamentals despite global uncertainties.
Alembic Pharmaceuticals was also in the spotlight after securing final approval from the US Food and Drug Administration (USFDA) for its Abbreviated New Drug Application (ANDA) of Tretinoin Cream USP, 0.025 percent. According to IQVIA data, this cream has an estimated market size of USD 94 million for the twelve months ending June 2025. This approval strengthens Alembic Pharma’s US portfolio and is expected to contribute meaningfully to its revenue in the coming quarters.
Meanwhile, Ola Electric made several big announcements under its ‘India Inside’ vision at Sankalp 2025. The company has integrated the 4680 Bharat Cell, India’s first indigenously developed lithium-ion cell, into its vehicles. This move is a major milestone for the Indian EV ecosystem, reducing dependence on imported battery cells.
Ola also entered the sports scooter segment with the launch of the S1 Pro Sport, which will be available in 5.2kWh and 4kWh battery packs powered by the 4680 Bharat Cell. Additionally, Ola unveiled India’s first indigenously developed ferrite motor that operates without rare-earth magnets, a significant achievement in sustainable and cost-efficient EV technology.
Together, these developments showcase the diverse momentum in India’s corporate landscape—from IT and design innovation to banking stability, pharmaceutical growth, and advancements in electric mobility. Investors are expected to keep a close eye on these stocks as they could influence market sentiment in the short to medium term.
