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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 468 points higher at 23,290 on Friday.

Happy Forgings:

The company has approved the proposal to establish a solar power plant with a capacity of up to 25 MW for captive consumption, entailing an investment of up to ?120 crore.

UCO Bank:

The company has raised its 1-year MCLR rate to 8.9% from 8.85%, effective June 10.

Dalmia Bharat:

The company’s unit, Dalmia Cement, is set to acquire a 19.18% stake in Amplus Kaveri Solar for ?16.26 crore.

IDBI Bank:

The bank has received an order from the Income Tax Department, GOI, determining a refund of ?27.02 billion; the bank is currently assessing the implications of this order on its financial statements.

Bajaj Finance:

The company plans to sell shares worth ?30 billion in the Bajaj Housing IPO.

Borosil Renewables:

The company has approved a fundraise through a rights issue aggregating up to ?4.5 billion.

GRSE:

The company has emerged as the L1 bidder for the construction of a research vessel for DRDO, valued at ?500 crore.

Lancor Holdings:

The company has announced an update to the arbitration proceeding of the Sriperumbudur matter, where the arbitrator passed an award recording a settlement that resulted in approved plotted lands at Sriperumbudur over 11.50 lakh square feet.

Filatex Fashions:

The company has approved a stock split, sub-dividing each existing share into 5 shares.

Pharmaids Pharmaceuticals:

The company reports the acquisition of an additional 2.65% partnership interest in Anugraha Chemicals, bringing the total to 53.25%, with the acquisition costing ?72.5 million.

Railtel Corp:

The company has received an order valued at ?814.6 million from NICSI for the supply, installation, and maintenance of ICT infrastructure.

Sar Televenture:

The company has received approval from NSE for a proposed composite issue up to an issue size of ?4.5 billion.

KEC International:

The company has secured an order valued at ?10.61 billion.

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