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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 33 points lower at 19,783 on Tuesday.

TCS:

The U.S. Supreme Court rejected the company’s petition to appeal an earlier court verdict. The company will make a $125 million provision in its third?quarter earnings related to a case involving Epic Systems Corp.

Maruti Suzuki India:

The company will consider the allotment of 1.23 crore equity shares of the company to Suzuki Motor Corp on a preferential basis on Nov 24

Jio Financial Services:

The company denied news reports that it is planning its maiden bond issue. It has no plans to raise money by way of bond issuance or otherwise, and the news circulated is "speculative", it said.

Adani Enterprises:

Unit Adani Defence Systems and Technologies signed a shareholders' Shanghai 3,062.1 5.8 0.19% Nikkei 225* 33,566.5 +212.36 +0.64% Hang Seng* 17,718.0 ?11.5 ?0.06% *As at 8.30 am Commodity Price (USD) Change (Pts) Change (%) Crude Oil WTI 77.7 ?0.1 0.0 Unit Adani Defence Systems and Technologies signed a shareholders agreement and share subscription agreement with Israel?based Elbit Systems. Pursuant to this, ESL will be subscribing to a 44% stake in Atharva Advanced Systems and Technologies.

KEC International:

The company bagged multiple new orders worth Rs 1,005 crore.

Lupin:

The pharma major received tentative U.S. FDA approval for its Dapagliflozin tablets. Dapagliflozin is a generic of Farxiga tablets.

Texmaco Rail & Engineering:

The board approved the opening of QIP on Nov 21. The floor price of QIP is set at Rs 135.9 apiece.

Life Insurance Corp:

The company's has increased shareholding in Bank of Baroda. The current stake stands at 5.031%

Bharti Airtel:

The Department of Telecommunications, Madhya Pradesh, imposed a penalty of Rs 1.31 lakh for an alleged violation of subscriber verification norms. The company's OneWeb also received a regulatory nod to launch its commercial satellite broadband services in the country.

BPCL:

The board will meet on Nov. 29 to consider the proposal of declaring an interim dividend for FY24 and fixing the record date.

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