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Market Updates

The markets are expected to open marginally higher today astrends in GIFT NIFTY indicate a positive start for the broader indexafter NIFTY closed 265 points lower at 24,008 on Friday.

ACME Solar Holdings

The company’s subsidiary ACME Sikar Solar commissioned 52.5 MW of its300 MW solar project in Bikaner raising capacity to 2,592.5 MW.

ABB India

The company approved purchase of 10-acre land on long-term lease usinginternal accruals to expand its industrial operations.

Adani Power

The company received LoA from UPPCL to supply 1,500 MW power for 25years from a Rs.16,650 crore (≈$2 billion) thermal plant in UP

Coromandel International

The company’s wholly owned subsidiary, Coromandel Chemicals, enteredinto a JV with Sakarni Plaster for manufacturing Phospho-Gypsum-basedproducts with 60% stake.

Dixon Technologies

The company’s subsidiary Padget Electronics signed a contractmanufacturing agreement with NxtCell India to produce Alcatelsmartphones in India.

Dr. Reddy’s Laboratories

The company’s wholly-owned subsidiary incorporated Dr. Reddy'sLaboratories (Vietnam) Company Limited as a step-down subsidiary inVietnam.

Hero MotoCorp

The company completed a strategic investment in Euler Motors, acquiring34.10% stake (fully diluted) for Rs.510 crore, making it an associate company.

Kaynes Technology India

The company signed Share Purchase agreements to acquire 100% ofAugust Electronics, a Canadian EMS provider, through its subsidiaryKaynes Canada, enhancing its North American presence.

Oberoi Realty

The company completed a transaction with Alpha Wave Ventures II, LP,acquiring a 39.13% stake in I-Ven Realty after the allotment of Series ACCPS and equity shares.

Puravankara

The company entered a JV with KVN Property Holdings to develop a24.59-acre land in North Bengaluru with GDV over Rs.3,300 crore.

Time Technoplast

The company incorporated a wholly owned subsidiary Time Ecotech torecycle industrial plastic packaging with a Phase 1 plant in Gujarat.

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