Three major Indian companies have made significant announcements across steel production, pharmaceutical compliance, and artificial intelligence partnerships, highlighting diverse developments in the corporate sector.

Tata Steel Achieves Strong Production Growth

Tata Steel Limited has reported robust operational performance with consolidated output reaching 8.33 million tonnes in the December quarter, marking an 8% increase from 7.71 million tonnes recorded in the corresponding period of the previous year.

| Production Metric: | December Quarter | Previous Year | Growth || | ---: | :--- | :--- | :--- | | Consolidated Output: | 8.33 million tonnes | 7.71 million tonnes | 8% |

The production figures notably exclude contributions from the company's UK operations, where Tata Steel is currently constructing an electric arc furnace (EAF) based steel plant with capacity exceeding 3.2 million tonnes as part of its green transition strategy. During this transition period, Tata Steel UK continues serving customers through downstream processing of purchased substrate materials.

Infosys Announces Strategic AI Partnership

Infosys Limited, the global digital services and consulting leader, has entered into a strategic collaboration with Cognition, the company behind Devin, recognized as the first AI software engineer. This partnership aims to scale Devin's capabilities across global enterprises and integrate advanced AI solutions into business operations.

The collaboration encompasses several key components:

• Deployment of Devin across Infosys' internal engineering ecosystem
• Integration into client engagements worldwide
• Utilization of Infosys Topaz Fabric, a purpose-built agentic services suite
• Creation of a multi-layer AI fabric unifying infrastructure, models, data, applications, and workflows

The collaboration combines Infosys Topaz Fabric's secure, modular architecture with Cognition's advanced agentic and autonomous engineering capabilities. The partnership targets accelerated time-to-market, enhanced developer productivity, and reduced modernisation timelines for enterprises.

Cipla Addresses FDA-Related Media Reports

Cipla Limited has issued clarifications regarding media reports concerning inspectional observations from the US Food and Drug Administration related to its supply partner Pharmathen International SA. The pharmaceutical company received communication from stock exchanges requesting clarification on reports about FDA inspectional observations recorded in Form 483.

These corporate developments reflect ongoing operational excellence, technological advancement, and regulatory compliance efforts across different sectors of the Indian business landscape.

Markets concluded Wednesday's session on a subdued note, continuing the ongoing corrective phase as the Nifty moved closer to its first line of support at the 20-day DEMA. Analysts expect the index to find near-term support in the 26,000–26,100 zone, with stronger base around 25,800. Several major companies are drawing investor attention due to significant corporate developments and regulatory actions.

Angel One Delivers Strong Performance Metrics

Angel One reported robust business growth in December, demonstrating strong momentum across key operational parameters. The brokerage firm's latest performance metrics highlight significant expansion in both client base and funding operations:

The company's board of directors will convene on January 15 to deliberate on a stock split proposal and declare the company's first interim dividend for financial year 2025-26. The meeting will also coincide with the announcement of December quarter earnings. Angel One has established January 21, 2026 as the record date for determining eligible shareholders, though the interim dividend payment remains subject to board approval.

Tata Steel Achieves Record Production

Tata Steel delivered exceptional operational performance in Q3, achieving its best-ever quarterly crude steel production milestone. The steel major's production metrics demonstrate strong operational efficiency:

The production surge enabled Tata Steel India to cross the 6 million-ton delivery mark for the first time, representing the company's best-ever quarterly deliveries. The improvement was primarily driven by higher output at the Jamshedpur and Kalinganagar facilities.

Regulatory and Compliance Developments

The Competition Commission has initiated information gathering from IndiGo and aviation regulator DGCA to assess whether the country's largest airline engaged in unfair business practices. This regulatory review follows massive flight cancellations that occurred last month, prompting scrutiny of the airline's operational practices.

Eternal, the parent entity of Zomato and Blinkit, faces a goods and services tax demand totaling ₹3.69 crore. The demand order, which includes interest and penalty components, covers the period from April 2019 to March 2020 and was issued by the Additional Commissioner of State Tax (Appeals), West Bengal.

Corporate Restructuring and Product Launches

Shriram Finance has secured support from three proxy advisory firms for all proposals ahead of its extraordinary general meeting scheduled for January 14. The EGM will seek shareholder approval for a significant fund infusion arrangement:

United Breweries Limited, part of alcobev maker Heineken, expanded its product portfolio with the launch of Kingfisher Smooth, a strong beer targeting next-generation consumers. This launch strengthens the Kingfisher portfolio within India's mainstream strong beer segment.

Gland Pharma received approval from the United States Food and Drug Administration for its Abbreviated New Drug Application for Olopatadine Hydrochloride. The generic injectable and ophthalmic focused pharmaceutical company's product is therapeutically equivalent to the reference listed drug Pataday Once Daily Relief, 0.7%, manufactured by Alcon Laboratories Inc.