The Nifty futures contract traded on the Singapore Exchange indicates a positive start to domestic equities. The contract was trading at 17,146, up 55 points or 0.32 per cent from the previous close.
Coffee Day Enterprises: Capital markets regulator Sebi imposed Rs 10 crore penalty on the company for ‘aiding and abetting’ in the diversion of funds to the tune of Rs 3,535 crore. As per the order, the company was directed to pay the fine within 45 days.
L&T: The company’s power transmission and distribution business bagged new orders in the domestic and overseas markets. While the company has bagged orders in Rajasthan, Gujarat, and Chhattisgarh, it has bagged international orders in Saudi Arabia and Malaysia.
Reliance Capital: The debt-laden company decided to go for a second auction on April 4 in their bid to maximise recovery as part of the resolution process. According to reports, IIHL of Hinduja Group told the CoC that they would retain Rs 9,000 crore bid upfront cash.
Aditya Birla Capital: The company decided to sell its entire stake in Aditya Birla Insurance Brokers to Edme Services for an undisclosed amount. The proposed deal included sale of 25 lakh equity shares of Rs 10 each held by the company.
Tata Motors: The company inked pact with clear energy solutions provider Gentari to deliver 5,000 units of e-commercial vehicles. Through its affiliate entity, the MoU was signed for a period of three years.
IDFC First Bank: The private sector lender signed agreement with Swedish company Crunchfish to pilot a project to demonstrate offline retail payments.
Tata Communications: The company brought JAMVEE, a cloud-based application with an integrated and simplified voice calling solution, to enhance employee experience, and productivity.
KEC International: Ratings agency ICRA reaffirmed credit ratings to Rs 21,850 crore line of credit and $20 million ECB facility of the company.
PNC Infratech: The company was declared lowest (L-1) bidder in a Ministry of Road Transport & Highways project, which involves construction of 4-lane highway, with paved shoulders, in Uttar Pradesh on HAM for Rs 819 crore.
Gati: Allcargo Logistics signed share purchase agreement with KWE-Kintetsu World Express and KWE Kintetsu Express (India) to acquire 30 per cent stake of KWE held in Gati-Kintetsu Express, a material subsidiary of Gati.
Dilip Buildcon: The company was declared L-1 bidder for new HAM project ‘Bengaluru-Vijayawada’ under Bharatmala Pariyojana Phase-1 in Andhra Pradesh worth Rs 780.12 crore.
Vedanta: The Board meeting of the company is scheduled today to consider and approve the fifth interim dividend on equity shares. The company has fixed April 7 as the record date for the same.
HDFC: Mortgage lender HDFC Ltd said that its board has approved a proposal to raise Rs 57,000 crore via non-convertible debentures (NCDs) on a private placement basis.
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