The markets are expected to open marginally higher today as trends in GIFT NIFTY indicate a positive start - ARETE Securities Ltd
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 0 points lower at 23,644 on Tuesday
Ashoka Buildcon:
The company and Ashoka Concessions sold stakes in 11 SPVs for Rs.2,324 crores to Epic Concesiones 2 Private Limited and Infrastructure Yield Trust schemes, with completion expected by September 2025.
Bansal Wire Industries:
The company launched "Bead Wire," an industrial product for domestic tyre manufacturers, at its Dadri plant, Gautam Buddha Nagar.
IDBI Bank:
The Board approved the issuance of Long-Term Bonds worth Rs.210,000 crore in tranches, with Rs.25,000 crore to be issued by March 31, 2025.
Indo-Tech Transformers:
The company received a Rs.32.32 crore LOA for supplying 3 transformers, with delivery set for November and December 2025.
Infibeam Avenues:
The company unveiled the CCAvenue SoundBox, a tap-to-pay POS device with dynamic QR, offline functionality, and robust security features.
ITD Cementation India:
The company secured a Rs.1,648 crore marine contract for Near Shore Reclamation and Shore Protection at Vadhvan Port, Maharashtra.
Jupiter Wagons:
The company increased its shareholding in subsidiary Jupiter Electric Mobility from 60% to 75% through issuance of additional equity shares and transfer.
KP Green Energy:
The company secured new orders totaling Rs.165.70 crores across multiple sectors, including solar, transmission towers, and crash barriers, to be completed this fiscal year.
Mazagon Dock Shipbuilders:
The company secured a Rs.1,990 crore contract from MoD for constructing an Air Independent Propulsion Plug for DRDO's AIP system in conventional submarines.
Network18 Media & Investments:
The company reduced its stake in Viacom18 to 16.12% equity (13.54% diluted); Viacom18 is no longer its subsidiary.
Power Grid Corporation:
The company incorporated "Rajasthan Power Grid Transmission Company Limited" with 74% equity in a JV with RVPN for Rajasthan's Intra-State Transmission System.
Rail Vikas Nigam:
The company emerged as the Lowest Bidder (L1) for the Rs.404.4 crore Koraput-Singapur Road Doubling Project, including 27 major bridges and related works.
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