17-05-2024 09:07 AM | Source: ARETE Securities Ltd
The markets are expected to open marginally lower today as trendsin GIFT Nifty indicate a negative start for the broader index - 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 203 points higher at 22,403 on Thursday.

Reliance Industries:

The company has entered into a collaboration with ASOS to bring thelatter’s exclusive brands to the Indian consumer base. Reliance Retail, asubsidiary of Reliance Industries, will be the sole retail partner for ASOS,managing its presence across both online and offline platforms in India.

ITI:

The company has secured an order valued at ?375 million for solar streetlight systems in Bihar.

Info Edge:

The company is set to divest its 34.93% stake in Wishbook Infoservices. Thedivestment will be executed on a fully converted and diluted basis via itssubsidiary.

Artemis:

The company has raised ?3,300 million from IFC to fuel expansion andenhance healthcare operations.

Dixon Technologies:

The company has signed an MOU with AcerPure India for the production ofconsumer appliances, starting with advanced TVs, pending final agreements.

JK Paper:

The company has approved the acquisition of the remaining 15% equityshares of its subsidiaries, HPPL and SPPL.

Krishna Institute of Medical Sciences:

The company has announced that its Nashik unit is scheduled to commenceoperations in Q1FY25, while the Thane and Bangalore units are expected tobe operational by the end of FY25.

Jubilant Ingrevia:

The company has issued commercial papers amounting to ?1 billion.

Chemplast Sanmar:

The company’s Custom Manufactured Chemicals division has secured a fiveyear LOI to produce an advanced intermediate for a new active ingredient,with production expected to start in CY2025.

IIFL Securities:

The company has approved the issuance of secured or unsecuredredeemable NCDs up to ?10 billion on a private placement basis.

Infosys:

The company has partnered with Telstra for an AI-led engineeringtransformation, aimed at accelerating innovation and enhancing customerexperience.

GE Power India:

The company has received a purchase order from Torrent Power valued at?195.9 million

PB Fintech:

The company has divested a 29.30% stake in Visit Health Pvt Ltd, which washeld by its unit Docprime Technologies, for ?760 million.

 

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