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2025-01-08 08:51:49 am | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trends in GIFT Nifty indicate a negative start - 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 91 points higher at 23,707 on Tuesday.

CESC:

The company awarded a 150 MW wind-solar hybrid project, with an additional 150 MW greenshoe option, to subsidiary Purvah Green Power in India.

Confidence Petroleum India:

The company commissioned 5 new CNG stations in Bangalore, increasing its total to 45, aiming for 100 stations.

Edelweiss Financial Services:

The company announced a public issue of secured NCDs up to ?200 crore with tenures of 24-120 months and yields up to 11%.

M&M:

The company revealed pricing for premium EV variants, BE 6 Pack 3 at ?26.9 lakh and XEV 9e Pack 3 at ?30.5 lakh.

Maruti Suzuki:

The company unveiled its EV strategy ‘e For Me,’ featuring the e VITARA SUV and plans for charging infrastructure expansion.

NCC:

The company confirmed receiving a ?501 crore order from Rail Infra Development Co. for Bengaluru Suburban Rail, to be completed in 24 months.

Paras Defence:

The company secured a license to manufacture MK-46 and MK-48 LMGs with an annual production capacity of 6,000 units each.

Royal Orchid Hotels:

The company signed a property agreement in Khatoo, Rajasthan, near Shree Khatu Shyam Ji Temple, scheduled to open in February 2025.

RVNL:

The company signed an MoU with Dubai-based GBH International Contracting to explore civil infrastructure projects in GCC countries.

Shakti Pumps:

The company approved raising up to ?400 crore via QIP in tranches, with its Treasury Committee finalizing terms and postal ballot notice issued.

Tata Elxsi:

The company signed an MoU with CSIR-NAL to develop advanced air mobility solutions focusing on UAVs, UAM, and eVTOL for global markets.

Trident Techlabs:

The company secured a ?25.23 lakh domestic order from Ola Electric for an EV reliability analysis solution, to be delivered in 30 days.

WPIL:

The company’s subsidiary Gruppo Aturia acquired 100% of Italy-based MISA S.R.L to enhance its large pumps and turnkey solutions business.

 

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