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Market Updates

The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 30 points higher at 19,465 on wednesday.

One97 Communications:

Chinese e-commerce major Alibaba group firm Antfin has transferred its 10.3% stake to the fintech firm's founder and CEO Vijay Shekhar Sharma. The deal turns Paytm into a majorly Indian-owned company from being majorly owned by Chinese entities.

Cipla:

The company received an order of suspension of FDA license issued to its manufacturing unit in Patalganga, Maharashtra for 10 days in December for non-conformance of good manufacturing practices. The company is in the process of appealing the order to the state government.

Nava:

The company suspended silico manganese production at its Odisha plant after failure of raw material feeding infrastructure.

Lupin:

The drugmaker announced the launch of 'Jeet', its patient support program dedicated to heart-health. It also launched Tiotropium Dry Powder for inhaler for the treatment of chronic obstructive pulmonary disease in the U.S.

Aurobindo Pharma:

The drugmaker will launch HIV triple combination product for children living with HIV in low-and middle-income countries under voluntary license from ViiV Healthcare.

IRFC:

The government is planning to sell a part of its holding in the stateowned Indian Railway Finance Corp (IRFC) through an offer for sale (OFS) in the current fiscal, an official said on Wednesday. The government currently holds an 86.36 per cent stake in the financing arm of the Indian Railways.

Adani Power:

US-based boutique investment firm GQG Partners along with other investors on Wednesday bought an 8.1 per cent stake in Adani Power Ltd for over Rs 9,000 crore (USD 1.1 billion) as the marquee investor shrugged off damning report of a US short seller to invest in billionaire Gautam Adani's group. GQG Partners and other investors bought 31.2 crore shares of Adani Power in a block deal.

Ex-date Dividend:

V-Guard Industries, India Pesticides, Vedant Fashions, JB Chemicals & Pharmaceuticals, Jammu & Kashmir Bank, South Indian Bank, Heranba Industries, Bharat Electronics, IG Petrochemicals, Action Construction Equipment, Relaxo Footwears.

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