Nifty futures on the Singapore Exchange traded 48 points, or 0.26 percent higher at 18,366, indicating Dalal Street was headed for a positive start on Monday.
In the primary market, Kfin Technologies’ Rs 1,500 crore IPO opens for subscription today in the price range of Rs 347 to Rs 366. The offering closes on December 21.
Tata Power: The company has requested the Maharashtra Power Sector Regulatory, Maharashtra Electricity Regulatory Commission (MERC), to lower the cap on fuel adjustment costs to recoup the purchase cost of electricity.
M&M, Tata Motors: Competition in the EV space is likely to intensify as Ola Electric is poised to enter the commercial vehicle space with the launch of three- and four-wheel electric small commercial vehicles (eSCVs). Earlier in May, Tatas had launched the electric Ace EV, a four-wheeled eSCV, and is expected to be delivered soon.
Spandana Sphoorty Financial: The company’s board of directors will meet on December 21 to consider and approve fundraising through a private placement bond issuance.
Specialty Restaurants: The company has scheduled a board meeting for December 21 to consider and approve proposals to raise funds through the issuance of stock or other eligible convertible securities.
Paisalo Digital: The company’s board of directors will meet on December 22 to consider and issue unlisted, unsecured, unclassified non-convertible bonds via private placement.
Tata Steel: The steel major carried out the implosion of two aging coke plant facilities at Jamshedpur Works on Sunday, paving the way for new coke oven batteries with the latest technology and higher efficiency.
Jindal Steel and Power: The company plans to spend Rs 7,930 crore under the PLI special steel scheme to produce high-performance alloys in India, said general manager Bimlendra Jha.
Adani Enterprises: The Gautam Adani-led group plans to invest up to Rs 10,700 crore for the expansion of Lucknow airport to take the annual passenger handling capacity from 4 million passengers per annum (MPPA) to 39 MPPA.
Ashoka Buildcon: The company’s subsidiaries, Ashoka Concessions & Viva Highways, have entered into a share purchase agreement with National Investment & Infrastructure Fund & Jaora Nayagaon Toll Road for the sale of 100 percent share capital of JTCL, from ACL & VHL to NIIF for a fee of Rs 691 crore.
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