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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 59 points lower at 20,192 on monday.

Bank of Maharashtra:

The lender has signed an MoU with the Indian Renewable Energy Development Agency to promote and facilitate co-lending and loan syndication for a diverse spectrum of renewable energy projects across the country.

NBCC:

The company has won a Rs 150 crore order from the Khadi and Village Industries Commission to construct office buildings, residential campuses, and redevelop, repair, and renovate KVIC properties across India.

Blue Star:

The QIP to raise up to Rs 1,000 crore opened on Sept. 18. The floor price for QIP is set at Rs 784.55 per share.

JK Lakshmi Cement:

The company will acquire a 20.8% stake in Amplus Helios for Rs 21.6 crore to source 40 MWAC of solar power for its Durg unit under the captive power plant mode.

Tata Motors:

The automaker will increase the prices of commercial vehicles by up to 3% w.e.f. October 1. The price increase is to offset the residual impact of past input costs and will be applicable across the entire range of commercial vehicles.

Amber Enterprises:

The company's unit, Iljin Electronics India, entered into a joint venture with Nexxbase Marketing, owner of the 'Noise' brand, to design, manufacture, and sell electronic wearables, including smartwatches and earphones.

Prakash Industries:

The company received environmental clearance for its Chhattisgarh commercial coal mine from the government. The development of the mine is fast in progress, and the mining lease is likely to be executed by the next quarter.

RR Kabel:

The shares will be listed on the stock exchanges today. The Mumbaibased wire and cable manufacturer plans to raise Rs 180 crore via a fresh issue and Rs 1,784 crore through an offer for sale. The IPO was subscribed 18.69 times on its final day. The issue price is Rs 1,035 apiece

Ex-date Dividend: Likhitha Infrastructure, Garware Hi-Tech Films, Hindware Home Innovation, Southern Petrochemicals Industries Corporation, BEML, Century Plyboards (India), Balmer Lawrie & Company, Steel Authority of India, Filatex India, etc 

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