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Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 99 points lower at 19,365 on thursday

Zydus Lifesciences:

The company got final approval from the USFDA for Doxepin tablets used to treat insomnia. Doxepin tablets, 3 mg and 6 mg had annual sales of $43.4 million in the U.S.

Adani Green Energy:

Its associate company, Mundra Solar Energy, has received approval for its solar photovoltaic manufacturing plant at Mundra, Gujarat from the Solar Energy Corp. of India. The plant has capacity of 2.0 GW per annum.

LTI Mindtree:

The company is selected by U.S.-based Aflac as digital transformation partner for application modernization and cloud transformation. The company will rearchitect Aflac’s on-prem applications that are currently deployed on an out-of-support-platform.

Jain Irrigation Systems:

The board has approved preferential allotment of 1.6 crore equity share warrants to promoters’ corporate entity. It also approved preferential allotment of 2.64 crore equity share warrants to nonpromoter entities belonging to Alpha Alternatives Structured Credit Opportunities Fund associates

NTPC:

The company inked business transfer agreement to sell its coal mining business to unit, NTPC Mining. It will transfer all six coal mines to NTPC Mining.

Adani Energy Solutions:

The company signed a deal with Megha Engineering & Infrastructures to acquire KPS 1 Transmission. It will buy 100% equity shares of KPS 1 at face value of Rs 10 apiece. KPS 1 aims to implement KPS1-Khavda PS GIS (KPS2) 765 kV double circuit line and augment Khavda PS1.

Astral:

Its U.K. unit Seal IT Services has incorporated one new step-down subsidiary to distribute, transmit and sell building chemicals from U.K. into Ireland as an EU-entity for importer responsibilities covering REACH, CPL packaging regulations and related safety responsibilities.

Ex-date Dividend:

Whirlpool of India, Tega Industries, JK Paper, AVT Natural Products, LIC Housing Finance, ONGC, Tata Metaliks, Somany Ceramics, Apollo Hospitals, Sirca Paints India, D-Link (India), Petronet LNG, Godawari Power And Ispat, Jindal Steel & Power, Coal India, IFGL Refractories, RBL Bank, Focus Lighting and Fixtures, Greenply Industries, Prudent Corporate Advisory Services, IRCTC.

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