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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 557 points higher at 23,907 on Friday.

Central Bank of India:

The company received RBI approval for entry into insurance via JV withGenerali, subject to IRDAI nod and compliance conditions.

Ganesh Housing Corporation:

The company was levied a penalty of Rs.7.11 lakh by RBI for delays in transferof shares and remittance of shortfall in consideration.

Godrej Industries:

The company allotted 1 lakh unsecured NCDs in two series, aggregating Rs.1,000crore, for business, investment, loan repayment, and corporate purposes.

Hind Rectifiers:

The company incorporated a wholly-owned subsidiary, Hirect FZ-LLC, in UAEwith AED 125,000 capital to focus on international market growth.

Insolation Energy:

The company's subsidiary signed an MoU at Rising Rajasthan GlobalInvestment Summit 2024 for Rs.10,000 crore in solar projects by 2030.

Maithan Alloys:

The company acquired 0.003% (11,400 shares) of Power Finance Corporationfor Rs.5.01 crore, 0.013% (51,850 shares) of State Bank of India for Rs.10.10 crore,and 0.011% (49,990 shares) of Nuvama Asset Management for Rs.6.75 crore.

MTNL:

The company informed that due to insufficient funds, it could not fund theESCROW Account for the 04th semi-annual interest on 7.87% Series VII-Bbonds due on 1st December 2024.

National Fertilizers:

The company will launch a cutting-edge nano urea variant at its Nangalplant, manufacturing 1.5 lakh 500ml bottles daily.

NLC India:

The company emerged as H1 bidder for New Patrapara South Coal Mine inOdisha, with 720.87 MT reserves and 12 MTPA peak capacity.

Puravankara:

The company’s subsidiary, Provident Housing, launched 'ProvidentBayscape' in Kelambakkam, Chennai, featuring 676 2/3-BHK units withsustainability and modern amenities.

Rail Vikas Nigam:

The company’s JV with SCPL received a Letter of Acceptance from EasternRailway for multi-tracking BG line construction (205 km to 260.2 km) at aproject cost of Rs.837.67 crore.

Zaggle Prepaid Ocean Services:

The company signed a 3-year domestic agreement with Golden Jasraj MusicPlatforms for a co-branded Cultural & Tourism Prepaid Card program.

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