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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 109 points lower at 21,462 on Thursday

JSW Infrastructure:

The company clarified on media reports that it is leading the race to acquire Navkar Corp. The company said there are no specific proposals underway regarding the matter in the news.

Shalby:

The company will acquire an 87.26% stake in PK Healthcare for Rs 102 crore.

Lupin:

The company receives USFDA approval for Febuxostat tablets.

Bandhan Bank:

The lender received an RBI nod, appointing Rajinder Kumar Babbar as executive director for 3 years.

Wipro :

The company will acquire a 14% stake in Huoban Energy 11 to enhance renewable energy usage.

Power Finance Corp:

The company incorporated two special?purpose vehicles for developing transmission projects in Gujarat and Rajasthan.

Indian Bank:

The company received approval from the RBI for setting up a new unit for operations support.

Dhunseri Ventures:

The company made an investment of $1 million in DYL USA. The company's total investment stands at $3 million in DYL USA for a 79.68% stake.

State Bank of India:

The company raised Rs 5,000 crore through 10?year AT?1 bonds.

REC:

The company has been designated as the overall implementation agency for the rooftop solar programme of the Renewable Energy Ministry. The company aims to achieve a cumulative capacity of 40,000 MW from rooftop solar panels by 2026.

Earnings In Focus:

Reliance Industries, Hindustan Unilever, UltraTech Cement, Hindustan Zinc, Supreme Industries, One 97 Communications, Central Bank, CreditAccess Grameen, Hatsun Agro Product, RBL Bank, Tejas Networks, Atul, Wendt (India), CESC, and Avantel.

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