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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 219 points higher at 24,768 on Friday.

Ambuja Cements:

The company commissioned a 200 MW solar power project in Khavda,expected to save 70% in power costs, enhancing EBITDA.

Ashok Leyland:

The company announced a price increase of up to 3% on its entire range ofcommercial vehicles, effective January 2025, due to inflation and highercommodity prices.

Astra Microwave Products:

The company's JV, Astra Rafael Comsys, secured an order worth Rs.255.88crores from the Ministry of Defence for 93 SDR sets for Su-30 MKI aircraft.

Brookfield India Real Estate Trust:

The company raised Rs.3,500 crore through a qualified institutionalplacement, with strong demand from investors including the InternationalFinance Corporation and LIC.

G E Shipping:

The company delivered its 2005 built Medium Range product tanker “JagPadma,” bringing the fleet total to 39 vessels.

Hindustan Aeronautics:

The company signed a Rs.13,500 crore contract with the Ministry of Defence forprocurement of 12 Su-30 MKI aircraft, to be manufactured at its Nasik division.

ICICI Bank:

The company approved the sale of 19% stake in ICICI Merchant Services for Rs.1.60-1.90 billion, with completion expected by June 2025.

Indus Towers:

The company signed a PPA with JSW Green Energy Eight for renewableenergy procurement and will invest Rs.38.03 crore in equity shares of the SPV.

Premier Energies:

The company approved a 1 GW Solar PV TOPCon Module manufacturingfacility in Telangana, to be completed by March 2025.

SpiceJet:

The company cleared Rs.160.07 crore in pending PF dues, alongside otherstatutory liabilities, reflecting improved financial health post-QIP.

TCS:

The company has partnered with Landis+Gyr to deliver energy-efficiencysolutions for utilities, integrating TCS Clever Energy with smart meteringtechnologies to optimize energy usage and sustainability.

Wardwizard Innovations & Mobility:

The company launched new 'Made in India' electric three-wheelers underJoy e-rik and Joy e-bike, including the high-speed scooter 'Nemo' at Rs.99,000.

Welspun Corp:

The company’s subsidiary, Welspun Tubular, held a groundbreaking ceremonyfor a $100 million expansion at its Little Rock facility, adding 175 jobs.

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