27-08-2024 08:56 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start - ARETE Securities Ltd

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The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index afterNifty closed 187 points higher at 25,010 on Monday.

Adani Power:

The company incorporates a unit named "Adani Power Middle East Ltd" inAbu Dhabi.

Arihant Foundations & Housing:

The company group has signed a JDA for Rs.500 crore commercialdevelopment adjacent to Hilton Chennai.

BHEL:

The company secured a Rs.11,000 crore contract with Adani Power andMahan Energen for three 2x800 MW Supercritical Thermal Power projects,with completion timelines of 49, 52, and 55 months.

Cyient:

The company has incorporated its subsidiary, Cyient Semiconductors.

Exicom Tele-Systems:

The company has entered into a loan agreement with Axis Finance for asecured loan of up to Rs.1.25 billion to acquire Australian EV chargermanufacturer Tritium's assets.

Jio Financial Services:

The company received approval from the Department of Economic Affairsfor a 49% foreign investment limit on its paid-up capital.

KPI Green Energy:

The company received Letters of Intent for a 13.30 MW solar power plantunder its CPP segment.

Lemon Tree Hotels:

The company signs a new property in Ayodhya, Uttar Pradesh.

Mangalam Drugs and Organics:

The company has been awarded a $274,800 grant by Medicines for MalariaVenture for research on pyronaridine.

Max Estates:

The company secured Noida approval for the "Delhi One" commercialproject and is proceeding with NCLAT ratification for the resolution planimplementation.

Piramal Enterprises:

The company’s unit, Piramal Capital & Housing Finance, held liable for Rs.466crore penalty by Income Tax Dept over a voluntarily withdrawn claim of Rs.3,698 crore related to Dewan Housing Finance merger.

Ultratech Cement:

The company has raised US$500 million via a sustainability-linked loan withsix banks.

Vedanta:

The company readies Rs.30,000-crore war chest for further deleveraging andgrowth.

 

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