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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 338 points lower at 21,997.70 on Wednesday.

Tata Motors:

In an agreement with the Tamil Nadu government, the firm plans to establish a car production plant, committing to an investment of Rs 9,000 crore across five years.

Auto Industry:

The government has unveiled the Electric Mobility Promotion Scheme 2024 to boost electric vehicle use in India, allocating Rs 500 crore for electric bikes and trikes over a four-month span, succeeding a five-year initiative.

DLF:

The firm’s division is set to secure up to Rs 600 crore through NCDs on a private placement basis.

Azad Engineering:

The enterprise has entered into a strategic seven-year deal worth $35 million with GE Vernova’s steam power sector to provide advanced rotating airfoils for the nuclear, industrial, and thermal power sectors.

PC Jeweller:

The company’s one-time settlement offer for outstanding dues has been approved by the State Bank of India.

Power Mech Projects:

The corporation has established PMTS as a new fully owned subsidiary entity.

Indian Hume Pipe:

The firm has secured orders valued at Rs 230 crore from the Telangana government for executing water supply and sewerage projects.

KEC International:

The company has received a new order totaling Rs 2,257 crore spanning multiple business segments.

IIFL Finance:

The firm has sanctioned a capital raise of up to Rs 1,500 crore through a share issuance and an additional Rs 500 crore via NCDs, both on a private placement basis.

Cyient:

The business has inked a long-term service contract with Airbus concerning engineering for cabins and cargo.

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