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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 19 points higher at 20,926 on Wednesday.

Signature Global India:

The company completed the purchase of a 19% stake in Gurugram Commercity as part of its first tranche. It had acquired a land parcel measuring 25.14 acres in Gurugram with a development potential of approximately 5.49 million square feet.

South Indian Bank:

During a preliminary internal investigation, certain fraudulent acts were committed in one of the branches by an employee of the bank, involving an amount of Rs 28.07 crore.

Gokul Agro Resources:

Unit Maurigo Indo Holdings acquired a 25% stake in Indonesian palm oil processing company PT. Riya Pasifik Nabati to expand business.

Dreamfolks Services:

The company approved the proposal for voluntarily striking off the name of its unit, Dreamfolks Hospitality, which has been inoperative since FY17.

PNC Infratech:

The company accepted the Rs 394 crore offered by NHAI to settle a dispute raised by its subsidiary.

Biocon:

The company unit Bicara completed $165 million in Series C funding. Post? funding, the company’s shareholding in Bicara on a fully diluted basis will fall below 20% and thereby, Bicara will cease to be an associate company of Biocon Ltd.

Indian Railway Catering and Tourism Corporation:

The company eyes major expansion in the non?railway catering business pan?India. It has already signed MoUs with various governments and autonomous bodies.

Religare Enterprises:

The Securities and Exchange Board of India suspended the company's unit, Religare Commodities, as a commodities derivatives broker for three months.

State Bank of India:

The lender will be signing a 70 million Euro line of credit with KfW (German Development Bank) for supporting solar PV projects in India.

NBCC:

The company received an order worth Rs 1,500 crore from the National Cooperative Development Corporation for the construction of 1,469 warehouses and other agri?infrastructure across India.

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