As shown by SGX Nifty, the equity benchmark was on track to open flat on Tuesday, quoting 17,870 points, more than 12 points above the Nifty’s closing price on Monday.

Globally, futures tied to Wall Street continued to fall this morning even as US stocks were closed on Monday for President’s Day. Dow futures, Nasdaq futures and S&P 500 futures fell 0.4%.

Adani Ports: Adani Group firm Adani Ports and SEZ has repaid a loan of Rs 1,500 crore and promised to repay more as the beleaguered conglomerate chalks out a comeback strategy after a sell-off following a damning report by US-based Hindenburg Research. It will also pay another Rs 1,000 crore of commercial papers due in March (per the payment plan).

Adani Green: Adani Green Energy (AGEL) has decided to review its capital expenditure (capex) plan of Rs 10,000 crore for the financial year 2023-24 (FY24). AGEL’s management said this was a tentative target in an earnings call with its bondholders after the third quarter and is still under review.

Tata Motors: India’s largest maker of electric passenger vehicles has signed a deal with ride-hailing company Uber to supply 25,000 electric vehicles (EVs), the company said. The agreement is the largest EV commitment between an Indian automaker and a ride-sharing platform.

Vedanta: A joint venture between Indian conglomerate Vedanta and electronics manufacturing giant Foxconn has finalized the Dholera Special Investment Zone near Ahmedabad in Gujarat state for setting up their semiconductor and display manufacturing plants, a report said.

Tata Steel: The board has approved raising Rs 2,150 crore through NCD issuance.

ACC, Ambuja Cement: ACC & Ambuja Cements will resume operations at its Gagal & Darlaghat plant in Himachal Pradesh from February 21. Two transporters in Himachal Pradesh have reached an amicable settlement over a freight dispute. This cleared the way for cement plants in Darlaghat and Barmana to reopen after 67 days.

Asian Paints: Its subsidiary Asian Paints (Polymers) Pvt Ltd has signed a Memorandum of Understanding (MoU) with the Gujarat government to set up a Vinyl Acetate Vinyl Emulsion (VAE) and Vinyl Acetate Monomer (VAM) manufacturing plant in Dahej, Gujarat.

BEL: Delhi Metro has launched India’s first self-developed signalling system (I-Ats), jointly developed with BEL, to operate its first corridor, the Red Line.

BEML: The company has signed an MoU with the DMRC-led Bahrain Metro SPV. As part of the MoU, BEML will be responsible for manufacturing and supplying metro vehicles. The DMRC will provide expertise in program development, budgeting and facilitating contractual obligations.

Blue Star: The company established a subsidiary in Japan called “Blue Star Innovation Japan LLC” to develop refrigeration cycles, control algorithms and control boards for residential and commercial air conditioners and cold/hot water chillers. The total investment is approximately Rs 2.46 crore.

Genus Power: The company incorporated a branch company under the name of “Genus Assam Package-3 SPV Limited” on February 19, 2023, to be engaged in the electricity infrastructure and electricity distribution industry/business.

GR Infraprojects: The company has emerged as the lowest bidder for 2 NHAI projects worth Rs 3,613 crore.

BPCL: The company plans to raise Rs 1,500 crore in FY23 through NCDs.

Marine Electricals: The company has won an order worth Rs 13.94 crore from the Goa shipyard.

JK Tyre: Its board of directors has approved the issuance to IFC of mandatory convertible bonds of Rs 240 crore at 6% per annum, which are convertible into equity in the company at a conversion price of Rs 180.50.

IFL Enterprises: Its board of directors will meet on March 9, 2023, to consider a proposal to subdivide the company’s shares and issue fully paid bonus shares to company members.