As shown by the SGX Nifty, the equity benchmark is on track to open in the green on Monday, quoting 17,970 points, more than 30 points above the Nifty’s Friday close.

Globally, US stocks ended mixed on Friday. The Dow Jones edged up 0.4%, while the S&P 500 and Nasdaq fell 0.6%.

Asian markets were volatile this morning as China left its prime lending rate for one-year and five-year loans unchanged at 3.65% and 4.3%, respectively, in February.

HUL: The company has signed an agreement to sell its atta and salt brands Annapurna and Captain Cook to Singapore-based Uma Global Foods and Uma Consumer Products for Rs 60.4 crore.

Infosys: The IT services company has appointed Shaji Mathew as head of group human resources from March 22, 2023. Shaji will succeed Krish Shankar, who will retire on March 21, 2023.

United Breweries: The Supreme Court has accepted the appeal against the order of the National Company Law Appellate Tribunal (NCLAT), upheld CCI’s fine of Rs 873 crore against United Breweries (Rs 750 crore) and other brewers and stayed the proceedings to recover the fine, beer Manufacturers are required to pay an additional 10% penalty. On September 24, 2021, the CCI fined UBL, Carlsberg India, All India Brewers Association (AIBA) and 11 individuals over Rs 873 crore for forming a cartel in the sale and supply of beer. Rishi Pardal, the company’s managing director and chief executive officer, has resigned.

Rejig in NSE indices: As part of its semi-annual rebalancing exercise, NSE Indices announced the addition or removal of five stocks from the Nifty Next 50 Index. At the same time, the constituents of the Nifty50 Index remained unchanged. Adani Wilmar has been included in the Nifty Next 50 and Nifty 100 indices. At the same time, Adani Power will be part of the Nifty 500, Nifty 200, Nifty Midcap 100, Nifty Midcap 150, Nifty LargeMidcap 250 and Nifty Midsmallcap 400 indices. ABB India, Canara Bank, Page Industries and Varun Beverages have been included in the Nifty Next 50 index, while Bandhan Bank, Biocon, Gland Pharma, Mphasis and Paytm have been excluded. All index changes will be effective March 31.

Samvardhana Motherson International: The company announced that it would acquire SAS Autosystemtechnik (SAS), which manufactures automotive cockpit modules, from France’s Faurecia for Rs 4,790 crore.

Sun Pharma: The drugmaker will acquire up to 26% stake in Agatsa Software for Rs 30 crore in two tranches. Agatsa is an early-stage digital diagnostic equipment company. Sun Pharma will also acquire up to 27.39% stake in Remidio Innovative Solutions, which provides products for the early detection of eye diseases, for Rs 149.9 crore.

Dilip Buildcon: The company has secured orders worth Rs 1,947 crore.

Cipla: The USFDA has issued eight opinions on Form 483 against Cipla’s Pithampur manufacturing facility. It underwent a good manufacturing practice inspection from February 6 to 17.

RITES: The company has won new orders worth Rs 76.08 crore.

Marico: The company’s board of directors will meet on February 27 to consider and approve an interim dividend for the financial year.

KEC International: The company has won new orders worth Rs 3,023 crore.

Pennar Industries: The company has secured orders worth Rs 851 crore across its various business segments.

Bharat Forge: Kalyani Strategic Systems, a subsidiary of Bharat Forge, has signed an MoU with Rolls-Royce Marine North America to develop naval propulsion systems, including controllable pitch propellers and shafting systems.