Equity benchmarks were likely to open flat to lower on Tuesday after snapping a nine-day winning streak in the previous session. As noted by SGX Nifty, quoted at 17,737 points, the Nifty could open around 30 points lower.

The Dow, S&P 500 and Nasdaq Composite rose 0.3% overnight on late buying.

Jubilant FoodWorks: Coca-Cola India has acquired a 15% stake in Hashtag Loyalty, an associate of Jubilant Foodworks, for Rs 104.68 crore. Hashtag Loyalty has entered into a securities subscription agreement with Coca-Cola India. As a result, Jubilant’s stake in Hashtag was reduced from 35% to 29.75%.

Avalon Tech: Avalon Technologies will be listed on the exchange today. The fully integrated Electronics Manufacturing Services (EMS) company provides end-to-end assembly solutions in India. The issue price was fixed at Rs 436 per share.

Angel One: The company’s profit in the fourth quarter of FY23 soared more than 30% from a year earlier to Rs 267 crore. The company’s revenue also improved, surging more than 20% to Rs 826 crore from Rs 681 crore a year earlier.

Just dial: The company’s revenue rose 39.5% YoY to Rs 232.5 crore, while its profit jumped 279% YoY to Rs 83.8 crore in Q4FY23.

Hathway Cable: The company posted a loss of Rs 14.62 crore in the fourth quarter of FY23, compared to a profit of Rs 28.35 crore last year. Its revenue rose 2.5% year-on-year to Rs 459.6 crore. EBITDA fell 31.7% year-on-year to Rs 63.1 crore, with a margin of 13.7% compared to 20.6% last year.

TV18 Broadcast: Net profit fell 75.5% to Rs 35.2 crore in Q4FY23 compared to Rs 144 crore a year earlier. Revenue fell 6% to Rs 1,406 crore.

Quick Heal Technologies: The company announced that Navin Sharma has resigned as Chief Financial Officer, effective April 18. The Board also approved the appointment of Ankit Maheshwari as Chief Financial Officer of the Company w.e.f. April 26, 2023.

Kolte-Patil Developers: The company’s board has approved the allotment of 20,650 non-convertible bonds to Japan’s Marubeni Corporation at Rs 206.50 crore. Funds from the offering will be used for the company’s general corporate purposes.

Samvardhana Motherson International: The company’s board of directors approved the acquisition of an additional 30% stake in Youngshin Motherson Auto Tech (YMAT) from South Korea’s Youngshin Components Co Ltd. After the completion of this transaction, the company will hold 80% of the shares of YMAT, and YMAT will become a subsidiary of the company.

3i Infotech: The company has received a Letter of Acceptance for the managed services contract from Indian Oil Corporation. This is part of the contract renewal for the new financial year. The total contract value is Rs 16.29 crore for 3 years.

Fabindia: The company has appointed Rajeshwari Srinivasan as chief executive officer.

Dredging Corporation of India: The company has appointed TK Ramachandran as chairman.

RattanIndia Enterprises: The company’s revolt motors has announced a low-cost electric motorcycle financing program with an annual interest rate of 5.99%.

Goa Carbon: The company’s Bilaspur plant at No. 34-40, Sector B, Sirgitti Industrial Estate, Bilaspur (Chhattisgarh), has resumed operations. The kiln has been ignited since April 15, and after the initial warming up and feeding, normal production is expected to continue on April 17.

SBEC Sugar: The board will meet on April 22 to consider and approve the acquisition of unsecured mandatory convertible bonds of SBEC Stockholding and Investment Limited from SBEC Bioenergy Limited.

Indo Rama Synthetics (India): The company said production was temporarily halted as one of the contract unions declared a strike, which was partially affected.

Subex: Vinod Kumar Padmanabhan has requested early retirement from the Office of Managing Director and Chief Executive Officer. He will step down at the close of business on May 1, 2023. Nisha Dutta will serve as Chief Executive Officer for one year, effective May 2, 2023.

IIFL Finance: The company will consider a proposal to raise capital through a private placement of non-convertible bonds and financial results for the three months and the year ending March 2023.