10-05-2024 08:53 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today as trends in GIFT Nifty - ARETE Securities Ltd

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The markets are expected to open marginally higher today as trends in GIFT Nifty indicate a positive start for the broader index after Nifty closed 345 points lower at 21,957 on Thursday.

Brigade Enterprises:

The company has finalized a deal for a residential project on Old Madras Road, Bengaluru, with a development potential of 0.69 million square feet and a Gross Development Value of ?660 crore.

Adani Enterprises:

The company, through its Mauritius-based subsidiary Adani Global, has acquired a 49% stake in UAE-based Sirius Digitech for $24,500.

Tata Steel:

The company has increased its stake in its subsidiary, The Indian Steel & Wire Products Limited, to 98.61%.

Life Insurance Corp.:

The company has been ordered to pay GST, interest, and penalties worth Rs 127 crore, which includes interest of Rs 114 crore.

Solara Active Pharma Sciences Ltd:

The company is set to raise ?450 crore through a rights issue.

Dynamic Services & Security:

The company has secured orders from Indian Railways valued at ?68.3 million.

Signatureglobal (India):

The company is set to purchase land measuring approximately 5.94 acres, with an overall potential developable area of approximately 90,000 square feet.

WIPRO:

The company’s Infrastructure Engineering’s Hydraulics Business has entered into a definitive agreement to acquire Mailhot Industries.

PNC Infratech:

The company’s unit is set to receive ?3.99 billion from NHAI as a ‘one-time settlement’ under the ‘Vivad Se Vishwas II (Contractual Disputes)’ scheme of the Government of India.

BPCL:

The company is planning an expansion to increase its refining capacity to 45 MMTPA and to add 4,000 new fuel stations by FY2029.

UGRO Capital:

The company’s board has approved the allotment of commercial papers amounting to ?100 million.

 

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