19-02-2024 09:36 AM | Source: ARETE Securities Ltd
The Markets are expected to open marginally higher today as trend in SGX nifty indicate a positive start - Arete Securities

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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 129.95 points higher at 22,040.7 on Friday.

Tata Power:

The company received a letter of intent from REC Power Development and Consultancy to acquire Jalpura Khurja Power Transmission for Rs 838 crore.

Bajaj Auto:
The company fixed Feb. 29 as the record date for determining shareholders eligible to participate in share buyback.

NTPC, Nalco:
NTPC has inked an initial agreement with NALCO to supply over 1,200 MW of round-the-clock power for the aluminium maker's operations in Odisha.

NHPC:
The company laid the foundation stone for its 300 MW grid-connected solar PV project In Rajasthan.

Titagarh Rail Systems:
The company received an order worth approximately Rs 170 crore for the manufacture and supply of 250 specialized wagons from the Ministry of Defence.

Kaynes Technology:
The company incorporated a wholly owned subsidiary Kaynes Mechatronics Pvt.

Balrampur Chini Mills:
The company will enter new business of polylactic acid manufacturing for bioplastics, with an investment of Rs 2,000 crore, spread over a period of 2.5 years

Fineotex Chemicals:
The company raised Rs 280 crore from promoters, high net-worth individuals, and foreign institutional investors at a valuation of Rs 346 per share vs the current market price of Rs 438 apiece.

Life Insurance Corp:
The company announced the launch of a new product LIC’s Amritbaal for the Domestic market. The company also received an income tax refund worth Rs 21,740 crore for the assessment years 2012-13 to 2019-20.

ITI:
The company signed a Memorandum of Understanding with JandK Operations to manufacture and provide BharOS-enabled digital devices and services.

 

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