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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 135 points higher at 22,462.00 on Monday.

Auto Sector:

In March 2024, India’s auto sales saw mixed results. Ashok Leyland and Eicher Motors reported declines, Maruti Suzuki and Tata Motors saw increases, Hyundai Motor India achieved record annual sales, Mahindra Auto’s SUV sales grew while tractor sales dropped, and Escorts Kubota’s tractor sales declined amid agricultural challenges.

Aditya Birla Fashion:

The company has announced plans for a vertical demerger of its Madura Fashion and Lifestyle segment, which will result in the formation of a distinct, publicly traded company.

AU Small Finance Bank:

The board has declared the consolidation of Fincare Small Finance Bank into AU Small Finance Bank through a merger process.

IIFL Finance:

The firm has secured approval from NSE for the acquisition of shares totaling Rs 284.4 crore in the exchange from FIH Mauritius Investments via an off-market transfer.

Paisalo Digital:

The board is scheduled to convene on April 4 to deliberate on the proposal to raise funds via NCDs.

UNO Minda:

The company was notified by Honda Motorcycle and Scooter India about a worldwide bike recall due to oil leakage from the engine, linked to a component supplied by UNO Minda’s Bawal plant, with an estimated recall cost of Rs 76 crore.

Uflex:

The firm initiated the CPP Film production line’s commercial activities at Flex Films Rus LLC, Russia, boasting an annual capacity of 18,000 MT.

Infosys:

The firm was issued a tax demand notice for Rs 341 crore for the fiscal year 2020-21.

NTPC:

The state-owned enterprise reported a 55% increase in coal dispatch and a near 50% rise in production from its mines in FY 2023-24, with a commitment to continuous growth and sustainable practices.

Ultratech Cement Ltd.:

Company was charged with a Rs 21.13 crore demand order by the Chattisgarh government for not meeting the limestone production quota as per the MDPA.

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