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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 90 points lower at 20,906 on Tuesday.

Shalby:

The company is availing of an enhanced and renewed SBLC facility of Rs 1,700 million from ICICI Bank to guarantee the scheduled principal and interest payments of the step?down subsidiary of the company under the working capital facility arrangement sanctioned by IBG? New York Branch.

Zydus Wellness:

The company's arm, Heinz India, gets an assessment order worth Rs 5.66 crore from the Punjab Tax Authority for FY2016–17.

Axita Cotton:

The company has fixed Dec. 25 as the record date for the issue of bonus shares in the ratio of 1:3.

Life Insurance Corporation of India:

The company increased its stake in Atul from 4.997% to 5.117%

Allcargo Terminals:

The company's November CFS volume stood at 47.1 TEUs, up 2% year?on? year.

Infibeam Avenues:

The company announced that its flagship payment gateway brand, CCAvenue, is gearing up to introduce Bandhan Bank's EMI facilities to over 10 million merchants.

Indian Bank:

The bank opened its qualified institutional placement to raise up to Rs 4,000 crore. The floor price for the QIP is set at Rs 414.44 per share, which indicates a discount of 5.28% to the stock's previous close of Rs 437.55 on the NSE

Reliance Industries:

The company invested Rs 418 crore in five subsidiaries of Mercury Holdings. Mercury Holdings is a joint venture between Brookfield Infrastructure and Digital Realty.

Shilpa Medicare:

The company received approval from TGA, Australia, for the manufacturing, labelling, packaging, and testing of medicinal oral mouth?dissolving films.

UNO Minda:

The National Company Law Tribunal has sanctioned the scheme of amalgamation of Minda iConnect Private with itself, formerly known as Minda Industries Ltd.

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