NIBE

** Shares of NIBE NIBE.NS jump 4% to 1,7127.8 rupees, eyes a 4-day rally

** NIBE, engaged in fabricating and machining of defence components, enters a technology collaboration agreement with Israel-based Elbit Systems

** Partnership will enable the manufacturing and supply of a defense system

** Stock up ~8.7% since listing on Feb 2025

(Reporting by Yagnoseni Das in Bengaluru)

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** Shares of NIBE NIBE.NS jump as much as 5.4% to a record high of 2,001 rupees, stock last up 4.6%

** NIBE, engaged in fabricating and machining of defence components, wins 233.3 million-rupee ($2.7 million) order from infra and defence co for supply of armour plates

** The order will be executed in tranches by May 31, 2026, says NIBE

** Trading volume is 346,466 shares as of 11:28 a.m. IST, twice the 30-day average, data compiled by LSEG shows

($1 = 85.5100 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

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Jan 10 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE - GRANTED MEGA PROJECT STATUS FOR MANUFACTURING FACILITY AT MIDC SHIRDI

• NIBE LTD - REVISED ESTIMATED COST OF PROJECT AT 8 BILLION RUPEES

Source text: ID:nBSE309rry

Further company coverage: NIBE.BO

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Nov 6 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE LTD - EXECUTION OF TERM SHEET WITH SIG SAUER, USA

• NIBE LTD - TO SET-UP JV IN INDIA TO MAKE WEAPONS FOR INDIAN MILITARY

• NIBE LTD - IN PROPOSED JV NIBE, SIG SAUER WILL HOLD IN RATIO OF 51:49

Further company coverage: NIBE.BO

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** Shares of defense machinery components maker Nibe NIBE.BO rise 4.4% to 2117 rupees, set for best session in a week

** Co gets 'mega project' status from Maharashtra government to manufacture aircraft parts at MIDC, Shirdi; Project for proposed investment of 12 billion rupees ($143.3 mln)

** Under the status, govt. will allot 300 acres of land to co

** Stock has more than tripled this year, on track for sixth straight year of gains

($1 = 83.7170 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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NIBE Ltd NIBE.BO:

• NIBE LTD - MEGA PROJECT STATUS FOR PROPOSED MANUFACTURING FACILITIES AT MIDC, SHIRDI

• NIBE - 300 ACRES OF LAND WOULD ALSO BE MADE AVAILABLE TO CO BY MIDC, SHIRDI FOR PROJECT

• NIBE - MANUFACTURING FACILITY AT MIDC TO MANUFACTURE AIRCRAFT PARTS

• NIBE - PROPOSED INVESTMENT FOR PROJECT AT 12 BILLION RUPEES

Source text for Eikon: ID:nBSE9pxYKv

Further company coverage: NIBE.BO

Aug 23 (Reuters) - NIBE Ltd NIBE.BO:

• UNIT ENTERS INTO CONSORTIUM WITH A INDIAN COMPANY

• AIM TO ESTABISH INDIA'S SOVEREIGN EARTH OBSERVATION SATELLITE CONSTELLATION

Source text for Eikon: ID:nBSE49W8v0

Further company coverage: NIBE.BO

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Aug 16 (Reuters) - NIBE Ltd NIBE.BO:

• GOT TWO PURCHASE ORDERS FOR A TOTAL CONSIDERATION OF 796.3 MILLION RUPEES

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** Shares of India's Nibe NIBE.BO up as much as 5% to hit session-high 1,575.60 rupees

** Weapon launcher maker reported Q4 consol net profit vs loss yr ago; revenue more than doubled

** Co also inked deal to provide equipment to Indian Navy

** Trading vols 7.6x 30-day avg

** YTD stock has surged 149% after a ~58% rise in 2023

(Reporting by Hritam Mukherjee in Bengaluru)

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May 21 (Reuters) - NIBE Ltd NIBE.BO:

• CO ENTERED INTO LICENSING AGREEMENT WITH DRDO

• AGREEMENT FOR TRANSFER OF TECHNOLOGY TO MANUFACTURE, SELL ANTI-TERRORIST VEHICLE IN INDIA

Source text for Eikon: ID:nBSE6FGS2z

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** Shares in Nibe NIBEb.ST rise 5%, having opened in the red, as optimistic outlook comments overshadow the Swedish heat pump maker's 70% slump in operating earnings

** Nibe expects demand to gradually improve in H2, and plans for its Climate Solutions business to be back at historical levels during 2025

** Kepler Cheuvreux says Q1 weakness was expected, but notes the company's positive commentary around the outlook

** The company also expands its cost savings programme

** Nibe's share fell more than 5% on Wednesday, ahead of the report, and are still down 15% YTD

($1 = 10.6730 Swedish crowns)

(Reporting by Greta Rosen Fondahn)

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April 22 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE LTD - RESIGNATION OF CFO HEMANT DILIP WANI

• NIBE LTD - APPOINTED RAVI KUMAR PAREEK AS CFO

Source text for Eikon: ID:nBSE6LKS16

Further company coverage: NIBE.BO

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** Goldman Sachs initiates Nibe NIBEb.ST with "sell" as it warns of continuous hurdles in the European market for the troubled Swedish heat pump maker

** Though challenged growth outlook in Europe has pushed consensus expectations downwards, GS views analysts' estimates on growth and outlook as still too high

** The broker forecasts 2024/25 sales 2/4% below consensus, citing its cautious outlook on Nibe's Element and Stoves businesses

** Nibe said in February it expected a weak first half of 2024 as a slowdown in the construction sector had weighed on demand for heat pumps

** GS sets TP at SEK 43, while Nibe shares slide 2.5% in morning trade on Tuesday to SEK 48 and are down 32% year to date

(Reporting by Boleslaw Lasocki)

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April 11 (Reuters) - NIBE Ltd NIBE.BO:

• RECEIVED PURCHASE ORDER FROM ORDEFENCE SYSTEMS

• RECEIVED PURCHASE ORDER WORTH 3.08 BILLION RUPEES

Source text for Eikon: ID:nBSE6RQtlm

Further company coverage: NIBE.BO

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March 18 (Reuters) - Larsen and Toubro Ltd LART.NS:

• NIBE LTD - RECEIVED PURCHASE ORDER FROM LARSEN AND TOUBRO

• NIBE LTD - RECEIVED PURCHASE ORDER WORTH 218.3 MILLION RUPEES

Source text for Eikon: ID:nBSE89LMnD

Further company coverage: LART.NS

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Feb 29 (Reuters) - NIBE Ltd NIBE.BO:

• ENTERED INTO LICENSING AGREEMENT WITH DIRECTOR, DEFENCE INSTITUTE OF PHYSIOLOGY AND ALLIED SERVICES

• LICENSING AGREEMENT FOR TRANSFER OF TECHNOLOGY OF SOLAR HEATED SHELTERS

Source text for Eikon: ID:nBSE8cQjTy

Further company coverage: NIBE.BO

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Jan 16 (Reuters) - NIBE Ltd NIBE.BO:

• STATE GOVERNMENT OF MAHARASHTRA APPROVED ASSOCIATION OF CO AS KNOWLEDGE PARTNER FOR ORGANISING MAHARASHTRA DEFENCE EXPO-2024

Source text for Eikon: ID:nBSE6wt8YC

Further company coverage: NIBE.BO

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Jan 8 (Reuters) - NIBE Ltd NIBE.BO:

• ACQUIRES 5% STAKE IN ANSHUNI COMMERCIALS

Source text for Eikon: ID:nBSE7J98wc

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Jan 5 (Reuters) - NIBE Ltd NIBE.BO:

• COMMENCED COMMERCIAL PRODUCTION OF 16 MTR. VMC MACHINE

Source text for Eikon: ID:nBSE4hf94m

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** Shares of weapon launchers maker NIBE Ltd NIBE.BO up 2.2% at 648 rupees

** Co signs memorandum of understanding with private firm Munitions India to develop ammunition

** Over 68,000 shares traded, 1.5x the 30-day avg volume

** Stock rose ~58% in 2023

(Reporting by Nandan Mandayam)

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Jan 1 (Reuters) - NIBE Ltd NIBE.BO:

• NIBE LTD - SIGNED A MEMORANDUM OF UNDERSTANDING WITH MUNITIONS INDIA LIMITED

• NIBE LTD - SIGNED MOU TO DEVELOP NEW GENERATION AMMUNITION, UPGRADE CONVENTIONAL AMMUNITION AND EXPLORE EXPORT OPPORTUNITIES

Source text for Eikon: ID:nBSE8q0xXc

Further company coverage: NIBE.BO

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Nov 9 (Reuters) - NIBE Ltd NIBE.BO:

• NAMED BALAKRISHNAN SWAMY AS CEO

• SACHIN RAOSAHEB SHINDE RESIGNS AS CEO

• INDIA'S NIBE LTD SEPT-QUARTER CONSOL NET PROFIT 28.4 MILLION RUPEES VERSUS 11 MILLION RUPEES

• NIBE LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 411.8 MILLION RUPEES VERSUS 172.2 MILLION RUPEES

Source text for Eikon: ID:nBSE6gCHD

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Nov 1 (Reuters) - NIBE Ltd NIBE.BO:

• PURCHASE AGREEMENT FOR ACQUISITION OF 5% STAKE IN ANSHUNI COMMERCIALS

Source text for Eikon: ID:nBSE3zLwzr

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Sept 18 (Reuters) - NIBE Ltd NIBE.BO:

• APPROVED PROPOSAL FOR FUND RAISING UPTO 900.9 MILLION RUPEES

Source text for Eikon: ID:nBSEc2qf5S

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Sept 12 (Reuters) - NIBE Ltd NIBE.BO:

• TO CONSIDER PROPOSAL FOR FUND RAISING THROUGH PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS

Source text for Eikon: ID:nBSE8j8T6F

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Aug 29 (Reuters) - NIBE Ltd NIBE.BO:

• SIGNED DEFINITIVE AGREEMENT TO ACQUIRE 51% STAKE IN KARMAYOGI MANUFACTURING

Source text for Eikon: ID:nBSE3v64vQ

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For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window

Updated at 1200 GMT

By Ankika Biswas and Shashwat Chauhan

Aug 17 (Reuters) - European shares dropped on Thursday, with a slew of downbeat earnings weighing on sentiment as well as rising bond yields on further signs major central banks will keep interest rates higher for longer.

The pan-European STOXX 600 .STOXX closed 0.9% lower, hitting the lowest in over a month during the session.

Benchmark 10-year government bond yields rose across the euro area, a day after the U.S. Federal Reserve's July meeting minutes revealed division over whether more rate hikes were needed.

"Hawkish expectation towards central banks to keep rates higher for longer have intensified, with some pricing in a September Fed hike after all… even strong UK wage growth figure this week fed concerns over stickier-than-expected inflation that would be much harder to bring down to target," said Andreas Bruckner, European equity strategist at Bank of America.

The industrials index .SXNP led the overall market decline, down 2.8%, dragged by a 39% tumble in Dutch payments processor Adyen NV ADYEN.AS, which missed first-half earnings estimates. The stock was the top STOXX 600 laggard.

Technology .SX8P, construction & materials .SXOP and travel & leisure .SXTP were other slumping sector indexes.

Luxury sector .STXLUXP shed 1.9% to a near five-month low, with China-exposed LVMH LVMH.PA and Hermes International HRMS.PA losing over 2% each, among major drags on STOXX 600, on continued worries over the Chinese demand outlook.

"The debt sustainability issue in China is also weighing because Europe is more reliant on the global growth cycle as it has an open economy and is more geared towards China than other equity markets," Bruckner added.

The benchmark STOXX 600, dented by signs of slowing growth in China, has underperformed its U.S. peers this year, with its 6.8% gain well below the 14.7% jump in the S&P 500 index .SPX.

Further, Norway's benchmark Oslo stock exchange .OSEAX eased 0.2% after the country's central bank raised its benchmark rate by 25 basis points to 4.0%.

Danish hearing aid and audio solutions maker GN Store Nord GN.CO dropped 9.4% after missing second-quarter sales estimate and narrowing full-year guidance, while Swedish heat pump maker Nibe NIBEb.ST lost 5.7% on lower-than-expected second-quarter results.

Second-quarter earnings for European firms are expected to decrease 4.6% from a year earlier, slightly less than the 4.8%-drop estimated last week, according to Refinitiv data on Tuesday.

BAE Systems BAES.L shed 4.7% after Britain's largest defence company said it agreed to buy Ball Corp's BALL.N aerospace assets.

Meanwhile, Swedish games developer Embracer EMBRACb.ST topped the STOXX 600 with a 12.6% advance after reiterating full-year guidance, saying its restructuring programme was on track.

(Reporting by Shashwat Chauhan and Ankika Biswas in Bengaluru; Editing by Varun H K, Sohini Goswami and David Gregorio)

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May 22 (Reuters) - NIBE Ltd NIBE.BO:

• GETS PURCHASE ORDER FROM DYMAC GLOBAL FOR $75,245

Source text for Eikon: ID:nBSEbF4gvk

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Corrects to add dropped word in headline

** Shares of NIBE Ltd NIBE.BO rise 5% to 377.50 rupees

** Co bags order worth 168 mln rupees from Larsen & Toubro Ltd (L&T) LART.NS

** Order pertains to manufacturing of bridge centre module structure used in construction

** Trading volume is ~30,600 shares as of 12:38 p.m. IST, twice the 30-day avg - Refinitiv data

** Including session's gains, stock down 5.6% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

May 11 (Reuters) - Larsen & Toubro Ltd LART.NS:

• RECEIVED SEVEN PURCHASE ORDERS FROM LARSEN & TOUBRO

• ORDER FOR MANUFACTURING OF BRIDGE CENTER MODULE STRUCTURE

• GETS ORDERS WORTH 168 MILLION RUPEES

Source text for Eikon: ID:nBSEn9Z0H

Further company coverage: LART.NS

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