Equity benchmarks are looking to recoup some of the ground lost after Thursday’s crash in the previous session. As noted by the SGX Nifty, quoted at 17,615, the Nifty could open around 50 points higher.

Elsewhere, investors will be digesting hawkish messages from the minutes of the latest policy meetings of the Reserve Bank of India and the Federal Reserve, due to be released on Wednesday.

On Wall Street, the Dow Jones fell 0.26%, the S&P 500 lost 0.16%, and the tech-heavy Nasdaq rose 0.13% as Fed officials signalled that inflation was falling, but not enough to suspend the rate hike.

The MPC minutes also showed growing concern among most members about persistent inflationary pressures, with the rate-setting panel largely signalling that core inflation remained elevated.

Adani Green: Adani Green Energy Ltd approved two wind power plants for a total investment of $442 million on Wednesday, the Sri Lanka Investment Commission said in a statement. “The two 350-megawatt wind farms are scheduled to be commissioned within two years so that they will be connected to the national grid by 2025,” the statement added.

Tata Steel: The company has acquired 4.69 crore shares in its indirect subsidiary, Neelachal Ispat Nigam, at Rs 64 each, for a total first investment of Rs 300 crore.

Sonata Software: The company’s North American arm will purchase 100% of Texas-based IT services company Quant Systems Inc for an upfront payment of $65 million and will pay up to $95 million in achievement-based benefits over two years.

Zee Entertainment: Bankruptcy Court NCLT has admitted IndusInd Bank’s insolvency plea against Zee Entertainment. The order was in response to a petition filed by IndusInd Bank after Zee failed to meet its obligations under the SSA agreement.

H.G. Infra: The company has been announced by Rail Vikas Nigam as the lowest bidder (L-1) for a project worth Rs 535.15 crore. HG Infra bid Rs 466 crore.

Mahindra CIE: The company posted a consolidated loss of Rs 657 crore, compared with a profit of Rs 80 crore a year ago and Rs 171 crore in the preceding quarter. Its revenue rose 34.5% to Rs 2,246 crore from last year.

Orient Cement: The company has terminated its agreement with Adani Power Maharashtra to set up a cement grinding unit in Tiroda, Maharashtra. Orient Cement said Adani Power had asked it not to continue the joint venture because “due to certain legal issues, they were unable to obtain the required MIDC permission to sublease the land required for the cement grinding plant”.

Lemon Tree Hotels: The company has announced its latest signing for the Lemon Tree Hotel in Bhopal, Madhya Pradesh. The property is expected to be operational by December 2023 and will be managed by Carnation Hotels, a wholly-owned subsidiary and management arm of Lemon Tree Hotels.

Hero MotoCorp: Hero Moto’s emerging mobility brand VIDA has expanded its “hassle-free EV ecosystem” and launched public charging infrastructure in Bengaluru, Delhi and Jaipur.

Sarda Energy and Minerals: Southeastern Coalfields has issued a letter of acceptance to the company against its bid to reopen, salvage, rehabilitate, develop and operate the Kalyani underground mine in Chhattisgarh state with a 4.5% revenue share.

Sandur Manganese & Iron Ores: The Central Empowerment Committee (CEC), formed by the Supreme Court, has given the green light to the company to increase its manganese ore (Mn Ore) output from 286,000 tonnes to 582,000 tonnes. The company expects to receive an operating license from the Karnataka Pollution Board and approval from the SC Supervisory Board in due course and plans to start operations at a higher production level from the next financial year onwards.

Elantas Beck India: The Gujarat Pollution Control Board has approved the company to operate an additional capacity of about 25,000 metric tons/year.

Oxygenta Pharmaceutical: The board of directors will meet on February 27 to consider raising capital through a senior offering of securities, including equity and warrants, on a preferential basis.