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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 93.65 points higher at 19140.90 on Monday.

Tata Motors:

The carmaker said an arbitration panel has ruled in its favour to recover Rs 766 crore with interest from the West Bengal Industrial Development Corp. for the Singur?Nano project that the company was forced to scrap.

Marico:

The board approved an interim dividend of Rs 3 per share

Power Grid Corp:

The company acquired Beawar Dausa Transmission via tariff?based competitive bidding for an aggregate value of nearly Rs 21.37 crore, subject to adjustment.

Filatex India:

Board?approved expansion project for manufacturing recycling ships with a capacity of 20,000 TPA from polyester and textile waste. The project is to be executed by a company or subsidiary at an estimated cost of Rs 150 crore.

JK Cement:

The company proposed to acquire shares of four companies under captive power plant mode through SPV.

Chemplast Sanmar:

The custom?manufactured chemical division signed an LOI with a global agrochemical innovator to manufacture a new pipeline of active ingredients for five years. Commercial supplies are expected to start in CY2025.

Colgate Palmolive:

The company received a transfer pricing order of Rs 170 crore from the Income Tax Authority for AY 2021–22. It will make an application before the Dispute Resolution Panel.

Earnings In Focus

Adani Total Gas, Bharti Airtel, Larsen and Toubro, Indian Oil, Tata Consumer Products, GAIL, Mankind Pharma, Jindal Steel and Power, Star Health and Allied Insurance Company, Vedant Fashions, Max Financial Services, Motherson Sumi Wiring India, KEI Industries, Ajanta Pharma, Five?Star Business Finance, Gillette India, Navin Fluorine International, Mangalore Refinery and Petrochemicals, Capri Global Capital, Birlasoft, Kaynes Technology India, V?Guard Industries, Nuvoco Vistas Corporation, Aether Industries, C.E. Info Systems, RITES, Amara Raja Batteries, Vardhman Textiles, Praj Industries, VIP Industries, PNC Infratechm, Archean Chemical Industries, Go Fashion (India), Gravita India, Reliance Power, JSW Holdings, Paradeep Phosphates, Arvind Ltd, Indiabulls Real Estate, DCB Bank, Thyrocare Technologies, CARE Ratings, ADF Foods, Balu Forge Industries, Yasho Industries, Cantabil Retail India, Dhampur Sugar Mills, NIIT, Kokuyo Camlin, Geojit Financial Services, Bigbloc Construction, Shiva Cement.

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