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06-03-2024 09:29 AM | Source: 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 - 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 49 points lower at 22,356.30 on Tuesday.

 

IRCTC:

The company signed a MoU with Swiggy to provide pre-ordered meals via IRCTC e-Catering Services.

Sonata Software:

The company plans to establish a delivery center in Poland in response to increasing demands from its global clientele.

Centum Electronics:

The company has secured an order valued at Rs 187 crore from DRDO for the development of space-based EW payloads.

Bharti Airtel:

The telecom company has authorized the allocation of 56.8 lakh shares to FCCB holders at a conversion rate of Rs 518 per share.

REC:

The board will meet on March 16 to consider an interim dividend.

Indian Hotels:

The company invested Rs 35 crore in its unit through the right issue.

Havells India:

The company plans to expand its product portfolio by incorporating kitchen appliances, opting to outsource the entire product range and cater to the domestic market.

CESC:

Crescent Power, a subsidiary of the company, has completed the acquisition of Purvah Green Power, obtaining a 100% stake in the company.

Bank of India:

The bank injects Rs 60.35 crore into the National Asset Reconstruction Company through preferential share issuance, maintaining its 9% stake in NARCL post-allotment.

ONGC:

The board approved an additional investment of Rs 99 crore in unit ONGC Green.

Aditya Birla Fashion:

Caladium Investment has opted to convert all 6.6 crore warrants into equity shares.

Bharat Forge:

The company had injected Rs 179.9 crore into its subsidiary, Bharat Forge Global Holding.

 

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