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30-04-2024 08:53 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally higher today astrends 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 astrends in GIFT Nifty indicate a positive start for the broader indexafter Nifty closed 223 points higher at 22,643.4 on Monday.

Tata Motors:

The Company has entered into a partnership with South Indian Bank, as pera recent MoU, to provide financing options for its commercial vehicleclientele and dealer network.

NMDC:

The Company has raised the price of lump ore by Rs 400 per tonne, nowcosting Rs 6,200 per tonne, and the price of fines has been increased by Rs200 per tonne to Rs 5,260 per tonne.

Coromandel International:

The Company has commenced the construction of its new phosphoric acidand sulfuric acid plants, with an investment surpassing Rs 1,000 crore,located in Kakinada, Andhra Pradesh.

Rail Vikas Nigam:

The Company, in a joint venture with KRDCL, has been granted a letter ofacceptance valued at Rs 439 crore for the redevelopment project of theThiruvananthapuram station.

Thomas Cook:

The Company, in collaboration with SOTC, has effectively launched its firstcharter flight to Bhutan from Bengaluru on April 27, achieving full capacity.

IDBI Bank:

The Company has been issued a tax order by the Maharashtra GSTauthorities, which includes interest and penalties, amounting to Rs 349 crore.

Wipro:

The Company has unveiled Lab45 Think Tank, dedicated to exploring theinfluence of emerging technologies on enterprises, society, and theenvironment.

KEC International:

The Company secured new orders totaling Rs 1,036 crore in diverse sectors,including transmission and distribution projects in the Middle East and the US.

Rites:

The Company has received a letter of acceptance from Bangladesh Railway,valued at $111 million, for supplying passenger carriages.

Rashtriya Chemicals and Fertilizers:

The Company has secured the Ministry of Chemicals’ approval for a revisedinvestment of Rs 2,170 crore in Talcher Fertilizers, a joint venture with GAIL,Coal India, and Fertilizer Corporation.

PC Jeweller:

The Company is in a position where SBI is looking to retract the petitionfollowing a consensus on the settlement terms.

GRM Overseas Limited:

The Company has obtained its inaugural government order from the Ministryof Agricultural, Fisheries Wealth & Water Resources, Sultanate of Oman, todeliver 4,500 MT of Premium basmati rice, valued at Rs 465 million.

 

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