20-02-2024 08:56 AM | Source: ARETE Securities Ltd
The Markets are expected to open marginally lower today as trend in SGX nifty - Arete Securities
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The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start for the broader index after Nifty closed 81.55 points higher at 22,122.3 on Monday.
Godrej Consumer:
The company and its arm will divest its entire stake in its Mauritius-based unit Godrej East Africa Holdings to HKG Africa Weave for consideration of Rs 30 crore.
ONGC:
The shareholders of Cyprus-based step-down unit IEL have approved the merger of five arms with itself. The unit will have 3 step-down units in Cyprus post-merger.
Deepak Fertilisers & Petrochemicals:
The company entered into a long-term supply agreement for Liquefied Natural Gas with Equinor ASA, Norway.
LTIMindtree:
The company announced the launch of Navisource.AI, a GenAI powered autonomous sourcing platform. The platform aims to reduce overall procurement cost by 10-15%.
Kotak Mahindra Bank:
The company appointed Devang Gheewalla as the Chief Financial Officer and a Key Managerial Personnel of the Bank, and appointed Milind Nagnur as the Chief Operating Officer of the Bank.
Torrent Power:
The company will develop four projects of pumped storage hydro, green hydrogen, solar energy generation with investment of Rs 25,000 crore in Uttar Pradesh.
Whirlpool of India:
Promoter Whirlpool Mauritius will divest 24% stake at a floor price of Rs 1,230 per share, which indicates a discount of 7.6% to current market price.
Astra Microwave Products:
The company incorporated a wholly owned subsidiary Astra Space Technologies for Rs 10 lakh.
Orient Green Power:
Edelweiss (Plaintiff) has withdrawn from the suit filed against promoter SVL and the company before the High Court of Bombay.
ABB India, Elantas Beck India:
The two companies will announce their quarterly results on Tuesday.
Hikal:
The company appointed Dharmesh Panchal as the Chief technology officer.
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