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2024-12-13 08:56:26 am | Source: ARETE Securities Ltd
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 31 points higher at 24,641 on Wednesday.

Aurionpro Solutions:

The company secured an order from one of Saudi Arabia's largest banks to modernize corporate banking technology using its iCashpro+ platform, enhancing digital offerings and customer relationships.

Bharat Global Developers:

The company secured an annual supply contract worth Rs.650 crores with TATA Agro & Consumer Products to supply premium agricultural commodities, enhancing its market position.

BEML:

The company secured a Rs.136 crore contract to supply indigenously designed High Mobility Vehicles (HMV) 8x8 for the Battle Field Surveillance System (BFSS), enhancing India’s defence capabilities.

Cyient:

The company launched a new office in Parramatta, Sydney, reinforcing its commitment to the Australian market and enhancing its capabilities in the connectivity sector.

DEE Development Engineers:

The company secured a purchase order for prefabricated pipe spools from a new customer, valued at approximately $16.5 million, to be executed by December 2026.

Greaves Cotton:

The company’s Board approved an Offer for Sale of equity shares in Greaves Electric Mobility Limited as part of its proposed IPO, with the final share quantum contingent on market conditions and regulatory approvals.

Inox Wind:

The company’s parent, INOXGFL Group, announced its foray into solar with Inox Solar, targeting 5 GW solar modules and 2.5 GW cell capacity by 2026.

Shakti Pumps:

The company received a Letter of Empanelment from Maharashtra State Electricity Distribution Co. for 25,000 Off-Grid DC Solar PV Water Pumping Systems, valued at Rs.754.30 crore, to be executed within 60 days.

Shriram Pistons & Rings:

The company, through SPR Engenious, is acquiring TGPEL Precision Engineering for Rs.220 crore to expand into non-ICE parts and de-risk operations.

Tata Power:

The company has partnered with Tivolt Electric Vehicles to enhance EV charging infrastructure for commercial vehicles across India via a MoU.

Tech Mahindra:

The company announced the merger of its wholly-owned step-down subsidiary, Eventus Solutions Group, LLC, with Tech Mahindra (Americas) Inc., subject to regulatory approvals.

 

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