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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 325 points higher at 22,834 on Tuesday.

BPCL:

The company partnered with BluJ Aerospace, ANERT & CIAL for theworld's first hydrogen-powered VTOL aviation ecosystem and KPIT Techfor hydrogen mobility in Kerala.

Brigade Enterprises:

The company partnered with Gruhas to launch a Rs.300 crore Earth Fund,supporting PropTech and sustainability-focused startups in real estate andconstruction.

Coal India:

The company signed a non-binding MoU with NFTDC to collaborate ontechnology development and expertise enhancement in critical minerals.

Engineers India:

The company secured an EPCM services contract worth Rs.252.95 crorefrom Numaligarh Refinery for a 360 KTPA Polypropylene Unit project.

Insolation Energy:

The company secured Rs.372.20 crore orders, including a Rs.340.20 croreLOA from RREC and a Rs.32 crore module supply order from TeerthGopicon.

NTPC:

The company will issue Rs.4,000 crore unsecured NCDs on 20.03.2025 viaprivate placement at 7.26% p.a. for 15 years.

Shyam Metalics:

The company received NCLT Kolkata’s approval for amalgamation of itssubsidiary Shyam Metalics Flat Product with Shyam Sel and Power.

Sun Pharma:

The company’s subsidiary TARO Pharmaceuticals completed the 100%acquisition of Antibe Therapeutics, Canada, for CAD 4.5 million.

Zen Technologies:

The company completed the acquisition of a 45.33% stake in BhairavRobotics, making it an associate company.

Zydus Lifesciences:

The company received final USFDA approval to manufacture ApalutamideTablets, 60 mg, with $1,099.8 million annual sales in the US (IQVIA).

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