IGI Logo

Market Updates

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 360 points lower at 23,914 on Thursday.

GAIL:

The company, through subsidiary GMPL, re-engaged with Process LicensorINEOS to revitalize its 1.25 MMTPA PTA manufacturing plant in Mangalore.

BEML:

The company secured a Rs.3,658 crore contract from Chennai Metro Rail fordesign, supply, and maintenance of metro rolling stock and depot machinery.

Vardhman Textiles:

The company approved a Rs.350 crore investment to expand processed fabriccapacity by 31 million meters per annum at Budhni, MP, within two years.

RattanIndia Enterprises:

The company’s subsidiary, Revolt Motors, launched its RV400 and RV400BRZ models in Sri Lanka, with plans for 11 new dealerships nationwide.

Paisalo Digital:

The company approved the issuance of 7.5% Secured FCCBs worth up to $75million, with a 5-year maturity and a floor price of Rs.45.33 per equity share.

NTPC:

The company declared commercial operation of the 55 MW capacity (out of105 MW) of the Shajapur Solar Project in MP through its subsidiary NTPCRenewable Energy.

Ajmera Realty:

The company repaid Rs.100 crore of its corporate debt using funds from itsrecent Rs.225 crore equity offering, reducing outstanding debt to Rs.693 crore.

Aarti Drugs:

The company's subsidiary, Pinnacle Chile SpA, incorporated Pharma Go SpA,a 100% step-down subsidiary in Chile, focused on marketing pharmaceuticalformulations.

AU Small Finance Bank:

The company entered a strategic bancassurance partnership with BhartiAXA Life Insurance to provide comprehensive life insurance and financialsolutions to its customers.

Oriental Rail Infrastructure:

The company secured an order worth Rs.2.15 crore from Rail Coach Factory,Kapurthala for manufacturing and supplying seats for LHB coaches, to beexecuted by May 2025.

Abbott:

The company launched PneumoShield 14, a Pneumococcal ConjugateVaccine offering broader protection against 14 strains of pneumococcalbacterial infections for children aged 6 weeks and above.

EaseMyTrip:

The company launched EMT Desk, an all-in-one corporate travel platformoffering streamlined booking, cost optimization, and 24x7 support forenhanced employee satisfaction and travel management.

RateGain Travel Technologies:

The company’s AirGain platform was selected by Vietjet Thailand to providereal-time competitive pricing insights, enhancing its dynamic pricingstrategies and supporting sustainable growth.

Please refer disclaimer at http://www.aretesecurities.com/

SEBI Regn. No.: INM00001274