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Market Updates

The markets are expected to open marginally higher today astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 80 points higher at 24,274 on Wednesday.

Bajaj Steel Industries:

The company commenced commercial operations of its new plant atHingna, Nagpur, for Pre-Engineered Steel Buildings, with an annual capacityof 25,000 MT.

Bank of India:

The bank issued Rs.5,000 crore Long Term Bonds (Infrastructure) on privateplacement, oversubscribed 6.85x with 7.41% coupon rate for 5 lakh bonds.

CG Power and Industrial Solutions:

The company’s subsidiary G.G.Tronics secured a KAVACH order worth Rs.500-600 crore from Chittaranjan Locomotive Works for supply and installationof safety systems.

GHCL:

The company approved additional capex of Rs.350 crore for the developmentof the Zara Zumara Salt Field in Kutch, Gujarat.

Lloyds Engineering Works:

The company partnered with Fincantieri S.p.A. to jointly manufacture advanceddefence products, enhancing India's naval and aerospace capabilities.

Sonata Software:

The company secured a multi-million-dollar deal to modernize APAC operationsfor a global access solutions leader using D365 and Microsoft Fabric.

Suprajit Engineering:

The company signed an MoU with Chuo Spring Company for a 50:50 JV in India tomanufacture transmission cables, enhancing product range and market reach.

Surya Roshni:

The company secured Rs.214.68 crore orders (incl. GST), including Rs.106.01 crorefrom HPCL for API line pipes and Rs.108.67 crore for food-grade MS pipes.

TARC:

The company has sold a 50% stake in the TARC ISHVA project for Rs.1,350crore, a luxury development located in Gurugram with expansive amenities.

Talbros Automotive Components:

The company secured orders worth Rs.475 crore from leading OEMs forgaskets, heat shields, forging components, chassis, and hoses over 5 years,with exports boosting margins.

Thomas Cook:

The company, via Fairfax India Charitable Foundation, partnered with Indian Oiland NE governments to provide 130 haemodialysis machines under PMNDP.

Tube Investments of India:

The company entered into a share subscription agreement to acquire 67%of Kcaltech System India for Rs.62 crore.

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