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11-06-2024 08:57 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

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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 31 points lower at 23,259 on Monday.

 

NLC India:

The company has approved raising a foreign currency loan to the extent of $600 million and has given in-principle approval to invest up to ?9.95 billion in its unit, NLC India Renewables.

Seacoast Shipping Services:

The company has approved fundraising through the issuance of equity shares for up to ?490 million on a rights basis.

Prime Securities:

The company has approved the commencement of a wealth management business through its unit and a capital investment of up to ?100 million for the business.

Rail Vikas Nigam:

The Siemens-RVNL consortium has received a letter of acceptance from Bangalore Metro Rail Corp for a project costing ?3.94 billion.

Raymond:

The company’s realty division has secured its second redevelopment project in Bandra (East), projected to generate revenue exceeding ?20 billion over the project period.

GAIL:

The company plans to establish a 1500 KTA ethane cracker project in Madhya Pradesh, with a projected investment of ?60,000 crore.

AXISCADES Tech:

The company has commenced the delivery of advanced counter-drone systems under a significant order worth ?100 crores from the Indian Army.

Jubilant FoodWorks Ltd.:

The company announces that Domino’s Pizza has reached a significant milestone, crossing the 2,000-store mark in India.

PTC Industries Ltd.:

The company has partnered with a ‘Make in India’ SPV for a ?530 million defence testing facility in Lucknow, funded 75% by the government.

Jeena Sikho Lifecare Ltd.:

The company has made an investment, acquiring an 80% stake in the equity share capital of Saatviksuddhi Ayurlife.

APL Apollo Tubes Ltd.:

The company, Blupine Energy, will construct a 61.65 MW solar plant in Chhattisgarh for APL Apollo Building Products.

 

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