The Markets are expected to open marginally lower today as trend in SGX nifty indicate a negative start - Arete Securities
Market Updates
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 9 points lower at 19,664 on tuesday.
IndusInd Bank: The lender announced a multi-year global partnership with the International Cricket Council to provide a premium experience to customers, employees, and cricket fans. The bank will have access to a suite of branding and content assets.
Vedanta: Moody's downgraded Vedanta Resources' corporate family rating to Caa2 and maintained a negative outlook.
REC, Punjab National Bank: The two inked an agreement to co-finance projects in power, infrastructure, and logistics worth Rs 55,000 crore.
Century Textiles: Unit Birla Estates sold out phase 1 of Birla Trimaya in Bengaluru within 36 hours of its launch. With 556 units booked, accounting for Rs 500 crore in booking value, the company said it has solidified its position as a leader in the luxury residential real estate market of Bengaluru.
DCM Shriram: Unit Fenesta underwent a significant capacity expansion of uPVC extrusion at Kota, which will increase the annual production capacity of Fenesta uPVC profiles from 8,600 metric tonnes to 12,284 metric tonnes.
Shree Renuka Sugars: The company will acquire Anamika Sugar Mills for Rs 235.5 crore to establish a presence in Uttar Pradesh and cater to the markets of North and East India.
Shyam Metalics And Energy: The company has entered the energy storage sector with batterygrade aluminium foil, a critical component in lithium-ion cells. The customised battery aluminium foil has been tested and validated by third-party laboratories.
3i Infotech: The company received a Rs 39.55 crore contract from Ujjivan Small Finance Bank for end-user support services (workplace services). The contract is for a period of five years.
Infosys: The company has partnered with Microsoft for a generative AI solution. Infosys Topaz will use Microsoft's Azure OpenAI Service and Azure Cognitive Services to augment AI capabilities
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