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Market Updates

The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start for the broader index after Nifty closed 121 points higher at 19,811 on wednesday.

TCS:

The IT major's board approves a buyback of 4.09 crore shares (1.12%) at Rs 4,150 apiece, aggregating to Rs 17,000 crore. An interim dividend of Rs 9 per share was also approved by the board, with Oct. 19 as the record date. 

Larsen & Toubro:

The company received a Rs 64.98 lakh penalty order from the GST authority for disallowance of the transitional credit claimed.

Maruti Suzuki:

The auto manufacturer started exporting the Indian-manufactured off-roader Jimny 5-Door to Latin America, the Middle East, and Africa, among other destinations.

Adani Enterprises:

The company raised Rs 700 crore through an allotment of 70,000 NCDs on a private placement basis. 

RVNL:

RVNL emerges as the lowest bidder for the supply, installation, testing and commissioning of tunnel communication systems in Assam. The order is worth Rs 28.73 crore for a period of one year.

Signatureglobal (India):

The company posted its best ever H1 FY24 pre-sales of Rs 1,851.39 crore, up 37.57% year-on-year. Collections grew 64.9% to Rs 1,327.45 crore in H1. In Q2FY24 it witnessed pre-sales at 981.6 crore, up 4.10% year-on-year and collections rose 36.73% to Rs 723.60 crore.

Bhagiradha Chemicals & Industries:

The Board approved the Rs 340.18 crore issue of convertible warrants to promoters and certain identified non-promoters. The government granted a patent for "Novel Process for Preparation of Ethiprole" for 20 years, starting Jan. 12, 2021.  

Praveg:

The company received a work order from the tourism department of Daman & Diu for the development and operation of the Damanganga Garden Kachigam project in Daman for a period of 7 years, extendable by 3 years. 

EMS:

The company has been awarded a contract worth Rs. 270.82 crore from Jaipur Heritage's Municipality for providing, laying, jointing, testing and commissioning of sewerage systems and all ancillary work for a period of 10 years.

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