19-09-2024 09:24 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start - ARETE Securities Ltd

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The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 41 points lower at 25,377 on Wednesday.

Aurobindo Pharma:

The company has entered into a binding agreement to acquire 5.90 lakhequity shares (49%) of GLS Pharma Limited for INR 22.5 crores, making GLSa wholly owned subsidiary post-acquisition.

Awfis:

The company has launched a new center in GIFT City, Gandhinagar, offering30,221 sq. ft. of premium flexible workspace solutions in one of India's keyfinancial hubs.

Garden Reach Shipbuilders:

The company received an order for the construction and delivery of 4additional vessels worth $54 million.

Gujarat Fluorochemicals:

The company’s subsidiary, IGREL Renewables, has raised Rs 300 crore inequity capital to enhance its renewable power generation platform,targeting an installed capacity of 2 GW by FY27 with a cumulative capex ofapproximately Rs 12,000 crores.

Heritage Foods:

The company’s Board has approved the establishment of a new ice creammanufacturing facility at Shamirpet, Telangana, with a capital investment ofapproximately Rs. 204 crores, expected to be commissioned by November 2025.

Honasa Consumer:

The company’s brand, Mamaearth, has entered the Canteen StoresDepartment (CSD) under the Ministry of Defence, expanding its presenceand targeting a broader consumer base across India.

Inox Wind:

The company has received a Letter of Intent from IGREL Renewables for theexecution of 550 MW wind capacity on a turnkey basis over the next 24months across Gujarat, Rajasthan, and Madhya Pradesh, increasing its orderbook to over 3.5 GW.

Intellect Design Arena:

The company has launched WealthForce.AI, an AI-driven wealth platformfor the Middle East market, designed to enhance Relationship Managers'capabilities through hyper personalisation and advanced data analytics.

Power Grid Corporation:

The company was declared the successful bidder to establish an interstatetransmission system with a new 765/400/220kV sub-station at Kurawar.

Tata Consultancy Services:

The company has signed a two-year partnership with Golden ArchesDevelopment Corporation to digitize IT operations for over 760 McDonald'srestaurants in the Philippines.

Tata Motors:

The company, Tata Electronics, and Tejas Networks signed an MoU with ADIto enhance strategic and business cooperation.

Tata Power:

The company has secured a 400 MW hybrid project from MSEDCL, markingits largest renewable energy project in Maharashtra to date.

 

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