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The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start for the broader index after Nifty closed 175 points higher at 24,044 on Thursday.

Ambuja Cements:

The company announces board approval for amalgamation of Adani Cementation, with Adani Enterprises to be allotted 8.7M shares.

Asian Paints:

The company’s Singapore unit has successfully completed the acquisition of a 23.4% stake in Egypt’s SCIB Chemicals for ?34 crore.

AU Small Finance Bank:

The company plans to raise up to ?50 billion through an equity issue. Additionally, it aims to raise up to ?60 billion via the issuance of debt instruments.

BHEL:

The company has secured a ?13,300 crore order to establish a 1600 MW thermal power project.

BPCL:

The company has received approval for the offer to acquire the entire stake held by Videocon Energy Brazil in IBV Brazil Petroleo Limitada, for a consideration of up to $270 million.

Ganesha Ecosphere:

The company has invested ?100 crore in the equity share capital of its unit, Ganesha Ecopet Private Ltd., by subscribing to 10 crore equity shares at par value.

Godrej Industries:

The company has recently approved the allotment of NCDs amounting to ?500 crore.

Hero MotoCorp:

The company’s new facility, to be set up at Bidkin in Aurangabad Industrial City (AURIC), will manufacture both electric two-wheelers and battery packs.

Reliance Industries:

Jio has increased tariffs by 12% to 25%.

RBL Bank:

The company plans to raise up to ?35 billion through a QIP. Additionally, it will issue debt securities worth up to ?30 billion on a private placement basis.

Route Mobile:

The company has recently entered into a new strategic partnership with Microsoft and Proximus Group to collaborate on digital communications and cloud services.

UltraTech Cement:

The company has announced that it will acquire up to 3.4% equity shares of India Cement Co. at a price of ?285 per share.

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