Urja Global has entered into an agreement with Tesla Power India Private Limited for the purpose of manufacturing and supply of batteries under the Tesla Power USA brand. However, Tesla Power USA has nothing to do with carmaker Tesla, which is owned by Elon Musk.

Midcap IT stocks saw fresh buying from the institutional side in today's trading session. 

Laurence Balanco's insights provide valuable perspectives on the Indian stock market's recent performance. The strong growth witnessed in midcap and smallcap indices, coupled with Balanco's positive projection for the midcap index, indicates promising opportunities for investors seeking to capitalize on the market's upward momentum. However, it is important to remain cautious, as the Nifty faces resistance at the 18,800 level and may undergo a period of consolidation.

Rakesh Gangwal had resigned from the company's board of directors in February last year, stating that he would gradually reduce his equity stake over the next five years.