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18-07-2024 09:22 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT - ARETE Securities Ltd

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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 26 points higher at 24,613 on Tuesday.

 

Ashok Leyland:

The company says its unit Hinduja Tech signed a definitive agreement to acquire Tecosim Group GmbH in a deal for an enterprise value of about EUR 21 million.

Bharti Airtel:

The company added 12.5 lakh mobile users in May compared to 7.5 lakh added in April, according to TRAI.

Indian Oil Corp:

The company issued non-convertible debentures aggregating to INR 25 billion on a private placement basis.

LTIMindtree:

The company received approval to set up an entity by its unit in Brazil, with an initial investment of $1 million.

Maruti Suzuki:

The company announced Suzuki's technology strategy for the next 10 years, including lightweight and safety body, lean-battery BEV/HEV (Battery Electric Vehicle/Hybrid Electric Vehicle), and high-efficiency ICE/CNF technology.

Moneyboxx Finance:

The company approved an equity shares issue on a preferential basis for INR 1.59 billion and approved a convertible warrant issue for INR 1.12 billion.

Nazara Technologies:

The company stated that OpenPlay Technologies received a tax notice for INR 8.46 billion, while Halaplay Technologies received a tax notice for INR 2.74 billion.

ONGC:

The company has commenced production from the Coal Bed Methane (CBM) block in Bokaro, Jharkhand, stating it's a humble beginning with initial production of 1,70,000 Standard Cubic Meters per Day (SCMD), expected to ramp up to 3,00,000 SCMD by the end of the current fiscal year.

Reliance Industries:

Jio added 22 lakh mobile users in May compared to 26.9 lakh added in April, according to TRAI.

Sanofi India:

The company announces the expansion of its Global Capacity Centre in Hyderabad.

UltraTech Cement:

The company announced the acquisition of 26% equity share capital of Amplus Omega Solar in a deal for an equity investment of up to INR 243 million.

Vodafone Idea:

The company lost 9.24 lakh mobile users in May compared to 7.35 lakh lost in April, according to TRAI.

Zensar Technologies:

The company will acquire 100% membership interest in Bridgeview Life Sciences with a deal at $14 million upfront payment and an additional payment of up to $11 million.

Zee Entertainment Enterprises:

The company's shareholders approved the issue of securities up to INR 20 bn.

 

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