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Market Updates

The markets are expected to open marginally lower today as trendsin GIFT NIFTY indicate a negative start for the broader index afterNifty closed 240 points higher at 24,708 on Thursday.

Adani Energy Solutions:

The company received a letter of intent from REC for a HVDC transmissionproject in Rajasthan's 20 GW Renewable Energy Zone, contingent onacceptance and further agreements.

Afcons Infrastructure:

The company completed a 2.65 km tunneling drive under Delhi MetroPhase IV using TBM AMRIT on the Tughlakabad-Aerocity corridor.

Aurobindo Pharma:

The company’s subsidiary Eugia Pharma received USFDA approval to marketPazopanib Tablets, 200 mg, with a market size of $106 million.

Eraaya Lifespaces:

The company’s subsidiary, EbixCash, has begun rolling out a Rs. 335 millionticketing solution for KSRTC, deploying over 10,000 devices for five years.Additionally, EbixCash secured a ?1,000 million contract from ITI Limited formanaging its Data Centre operations for five years.

Garden Reach Shipbuilders & Engineers:

The company signed a contract in Hamburg, Germany, for the second offour additional 7,500 DWT Multi-Purpose Vessels.

Hyundai Motor India:

The company will increase prices across its model range by up to Rs. 25,000,effective January 1, 2025, due to rising input and logistics costs.

Larsen & Toubro:

The company issued 1,50,000 NCDs worth Rs. 1,500 crore at 7.19% annualinterest, maturing on December 5, 2034, listed on NSE.

NBCC India:

The company’s wholly owned subsidiary, HSCC, received work orders worth Rs. 599.35 crore for healthcare projects in Maharashtra.

Tejas Networks:

The company selected to supply GPON equipment for Tamil Nadu'sBharatNet Last Mile Connectivity project, implemented by TANFINET andPolycab.

Waaree Energies:

The company’s Chikhli facility achieved NABL accreditation for its advancedPV Module Test Lab, enhancing quality testing for solar modules.

Zen Technologies:

The company signed an MoU with AVT Simulation to enhance defensetraining solutions, marking its strategic entry into the U.S. defense market.

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