IGI Logo

Market Updates

The Markets are expected to open marginally higher today as trend in GIFT nifty indicate a positive start for the broader index after Nifty closed 50 points lower at 21,571 on Saturday.

JSW Group:

The Odisha government has sanctioned a special incentive package for JSW Group's electric vehicle and component manufacturing projects.

Tata Steel:

The steel manufacturer approved the allotment of 8.65 crore shares to eligible shareholders of Tinplate Co. The company will allot shares at an exchange ratio of 33:10.

Cyient:

The company's US?based unit agreed to settle a civil class action anti?trust lawsuit for $7.4 million.

Keystone Realtors:

The company will redevelop two societies in Malad, Mumbai, with a gross development value of about Rs 1,200 crore.

SML Isuzu:

The company won an arbitration award worth Rs 11.52 crore from Delhi Metro Rail Corp

Cigniti Technologies:

The company redesignated its non?executive director, Srikanth Chakkilam, as the executive director and chief executive officer.

Tata Consultancy Services:

The IT major enabled Euroclear Finland to integrate the core platform with ECB’s T2S platform. The integration is set to ease cross?border settlements for investors in Finnish securities.

Zee Entertainment Enterprises:

Sony Group Corp. has officially notified that it plans to call off the merger between its India unit and Zee. The Sony Group has invoked arbitration against Zee and sought a termination fee of $90 million on account of alleged breaches of the deal. 

Kotak Mahindra Bank:

The company approved the proposal to raise Rs 10,000 crore by way of the issuance of NCDs on a private placement basis.

Tata Motors:

The automaker increased prices by 0.7% on average across its personal vehicle portfolio, including EVs. The price hike is to be effective on Feb. 1.

Earnings In Focus:

Gandhar Oil Refinery, Axis Bank, Pidilite Industries, REC, Havells India, JSW Energy, United Spirits, CG Power and Industrial Solutions, Indus Towers, Tata Elxsi, L&T Finance Holdings, Sona BLW Precision Forgings, KEI Industries, Hitachi Energy India, Tanla Platforms

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM000012740