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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNIFTY closed 227 points higher at 24,946 on Monday.

Biocon

The company opened its QIP issue with a floor price of Rs.340.20 per shareand may offer up to 5% discount.

Godrej Properties

The company will develop a 14-acre residential project in Hoskote,Bengaluru with 1.5 million sq. ft. saleable area worth Rs.1,500 crore.

HCL Technologies

The company signed a multi-year deal with E.ON to manage cloud andnetwork operations globally and accelerate its product-basedtransformation.

Intellect Design Arena

The company’s iGCB unit implemented its eMACH.ai Lending debtmanagement solution at First Abu Dhabi Bank to enhance digital creditoperations.

JBM Auto

The company’s subsidiary JBM Electric Vehicles partnered with KazenMaierto deploy 100+ electric buses in Germany as part of EU expansion.

Lupin

The company signed a licensing and supply deal with Sino UniversalPharmaceuticals to commercialize Tiotropium DPI for COPD treatment inChina.

Omaxe

The company launched its New Amritsar township on 127 acres (total 260acres) near Golden Temple with Rs.1,000 crore investment and RERAapprovals.

Sterlite Technologies

The company launched next-gen data centre solutions including highperformance cabling and end-to-end connectivity to support AI-ledinfrastructure needs.

TCS

The company signed a long-term deal with Salling Group to support digitaltransformation and cloud adoption across 2,100 stores in six Europeancountries.

Zee Entertainment

The board approved issue of up to 16.95 crore warrants at Rs.132 each onpreferential basis to promoter group entities for Rs.2,237 crore.

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