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Market Updates

The Markets are expected to open higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 46 points higher at 18,534 on friday

Minda Corporation:

The company will raise Rs 600 crore through further issuance of securities through public and/or private offerings including preferential issue, qualified institutions placement, further public offer or any of the permissible modes.

Zydus Lifesciences:

The U.S. FDA inspection of the company’s animal health drug manufacturing facility at SEZ, Ahmedabad was closed with nil observations.

NTPC:

The company declared on commercial operation the fifth and last part of 300 MW Nokhra solar PV project of NTPC Green Energy at Bikaner, Rajasthan with 50 MW capacity.

PI Industries:

The company completed acquisition of 100% stake of Therachem Research Medilab (India) and Solis Pharmachem, as well as acquisition of certain identified assets of TRM U.S. by PI Health Sciences U.S.A.

Indian Overseas Bank:

The Reserve Bank of India imposed a monetary penalty pf Rs 2.20 crore on the bank over regulatory non-compliance.

Tech Mahindra:

The company’s subsidiary Comviva Technologies and step-down subsidiary Comviva Technologies B.V. have agreed to sell 0.04% and 99.96% shareholding, respectively in Comviva Technologies do Brasil Indústria, Comércio, Importação e Exportação to Druid Internet Systems Comércio E Serviços for an upfront payment of $20,000 and deferred payment of $1.42 million.

Mahindra Lifespace Developers:

Japan-based Omron Healthcare will start operations at Origins by Mahindra industrial cluster in Chennai by March 2025.

Greenply Industries

The company approved disposal of Greenply Industries (Myanmar) assets due to difficulty in continuing its operation on account of political developments resulting in adverse business environment in Myanmar.

Lemon Tree Hotels:

The company started two hotels in Agra and Bhopal, that will be managed by its subsidiary Carnation Hotels.

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