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The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start for the broader index after Nifty closed 65 points lower at 24,413 on Wednesday.

Bikaji Foods:

Q1 EBITDA increased 44.7% to INR 930 million with a margin of 17.08% vs 13.46% YoY. Q1 revenue rose 13.2% to INR 5.4 billion, and net profit grew 35.4% to INR 605 million.

Craftsman Automation:

The company announces the acquisition of a 100% stake in Craftsman Germany GmbH and has approved an infusion of up to INR 600 million in Craftsman Germany.

DISH TV India:

The company has been granted in-principal approval to explore and initiate the process of raising funds up to INR 10 billion.

HUDCO:

The company signs an MoU with the Government of Rajasthan to provide assistance for housing and urban infrastructure, totaling INR 1 trillion over
5 years.

Kolte-Patil Developers:

The company has agreed to sell its 20% equity stake in Snowflower Properties for INR 83.8 million.

Larsen & Toubro:

The company reported a 15.4% increase in EBITDA to INR 56.15 billion for Q1, with a slight margin rise to 10.19%. Revenue grew by 15.2% to INR 551.2 billion, and net profit increased by 11.7% to INR 27.86 billion.

Mahindra Lifespace:

The company achieved pre-sales of INR 1,019 crore in its residential business.

Nestle India:

The company forms a 49:51 joint venture with Dr. Reddy's Lab for collaboration on nutraceuticals portfolios in India and other territories.

RVNL:

The company has secured an order valued at INR 191.5 crore.

Vishnu Prakash R. Punglia:

The company has been awarded a contract by North Western Railway with a total value of INR 886.2 million.

Welspun Living:

The company plans to expand with a jacquard towel facility in Anjar (INR 400 crore revenue by FY26) and a pillow facility in Ohio (USD 50 million revenue by FY27), both operational by late 2024.

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