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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 256 points higher at 21,182 on Thursday.

Religare Enterprises:

The RBI has rejected the company's proposal to buy an 87.5% stake in Religare Housing Development Finance Corp., a subsidiary company of Religare Finvest Ltd., and asked it to submit a fresh application.

Exide Industries:

The company invested 100 crores in its unit, Exide Energy Solutions. The company’s total investment in its unit is Rs 1,780 crore

Infibeam Avenues:

The company announced its strategic foray into the capital markets and digital lending software market by acquiring a 49% stake in Pirimid Fintech for Rs 25 crore to solidify this strategic partnership

Jayaswal Neco Industries:

Kotak Strategic Situations India Fund to invest Rs 1,500 crore via NCDs as part of Rs 3,200 crore financing the company seeks for refinancing existing debt.

IRB Infra Trust:

The company emerged as the preferred bidder for the project of tolling, operation, maintenance, and transfer of the Kota bypass and cable stay bridge toll. The company will pay a Rs 1,683 crore upfront concession fee to NHAI.

Mazagon Dock Shipbuilders:

The company collaborated with NavAIt Kochi and launched the MDL solar electric boat, which is the nation's fastest solar?electric boat.

LTIMindtree:

The company opened a new delivery centre in Mexico City as part of expanding its presence in Latin America.

Satin Credit Care Network:

The company opened qualified institutional placement and set the floor price at Rs 242.81 per share, which indicates a discount of 2.31% to the stock's previous close of Rs 248.55 on the NSE.

Adani Enterprises:

Israel?based defence electronics company Elbit Systems Ltd. picked up a 44% stake in an Adani Defence Systems and Technologies Ltd. unit to develop and manufacture various autonomous aerial technologies and systems for defence applications.

Dr. Reddy’s Laboratories:

The company becomes the first Indian pharma company to debut on the Dow Jones Sustainability World Index.

Genus Power Infra:

The company's unit received a letter of intent worth Rs 1,026 crore for the appointment of advanced metering infrastructure service providers for the supply, installation, and commissioning of a million smart prepaid metres.

Jupiter Wagons:

The company received an order worth Rs 1,617 crore from the Ministry of Railways to manufacture and supply 4000 BOXNS wagons.

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