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The Markets are expected to open marginally lower today as trend in GIFT nifty indicate a negative start for the broader index after Nifty closed 32 points higher at 21,544 on Wednesday.

Shyam Metalics And Energy:

The company raised Rs 1,385 crore through qualified institutional placement at Rs 576 per share, which indicated a discount of 9.70% to the current market price.

Steel Strips Wheels: 

The National Company Law Tribunal approved the acquisition of the AMW Autocomponent. The company has also invested Rs 138.15 crore into AMW Autocomponent through a mix of equity for Rs 5 crore and an inter-corporate loan of Rs 133.15 crore.

Life Insurance Corp:

The company has increased its stake to 5% from 4.8% in Navin Fluorine.

KIOCL:

The company’s operations at the Mangalore pellet plant were suspended due to the non-availability of iron-ore fines.

Karnataka Bank:

The private lender partnered with Digivriddhi to offer a host of financial services catering to the needs of dairy farmers and milk societies.

Mahindra and Mahindra:

The company will collaborate with a US-based automobile technology company, Mobileye for software solutions and to explore building a full-stack autonomous driving system.

Power Finance Corp:

The company received a no-objection letter from the Reserve Bank of India for setting up a finance company in the International Financial Services Centre situated in GIFT City, Gujarat.

Polycab India:

The company denied media reports of tax evasion and said that it has not received any communication from the income-tax department regarding the outcome of the search.

Lupin:

The pharma major received approval from the USFDA for the launch of Bromfenac Ophthalmic Solution, 0.07% in the United States.

Earnings Q3FY24

Deltra Corp: Company's Consolidated Revenue was at Rs 231.7 crore vs Rs 273.4 crore, down 15.3%. Ebitda stood at Rs 55.7 crore vs Rs 102.3 crore, down 45.6%. Ebitda Margin was at 24.03% vs 37.41%. Net profit at Rs 34.5 crore vs Rs 84.8 crore, down 59.3% YoY.

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