SGX Nifty Signals Lower Open; Adani, Reliance, BoB, Jubilant Food In Focus

Reliance Industries: Reliance Consumer Products, the consumer goods arm of Reliance Retail Ventures, will relaunch the iconic beverage brand Campa with a fresh look. Also, Reliance Polyester, formerly known as Reliance Petroleum Retail, completed the acquisition of polyester business of Shubhalakshmi Polyesters and Shubhlaxmi Polytex.

Bank of Baroda: The board of the bank approved divestment of 49% stake in its wholly owned cards subsidiary BOB Financial Solutions.

Jubilant FoodWorks: Sameer Batra joined the company as president and chief business officer–Domino’s India with effect from March 9. He will be responsible for steering Domino’s Pizza India to its next phase of growth.

Ujjivan Small Finance Bank: The bank has received observation letters from BSE and NSE for the merger of Ujjivan Financial Services, enabling it to proceed with filing the scheme of amalgamation with the NCLT.

REC: The board has approved raising Rs 1.2 lakh crore from various debt instruments for the financial year 2023-24.

Wipro: The company has been selected by Menzies Aviation, the world’s largest aviation services company, to transform its air cargo management services.

Welspun Corp.: Welspun DI Pipes, a wholly owned subsidiary of the company, received the ‘Kitemark’ certificate from British Standards Institution, U.K. for size range of 100 to 1,000 DN against EN 545 and ISO 2531 standards. These are the international standards for ductile iron pipes used for transportation of potable water.

NBCC (India): The company has received order to construct new campus for Indian Institute of Foreign Trade at Kakinada for Rs 229.81 crore.

PNC Infratech: The company has been selected as the lowest bidder for two hybrid annuity highway projects for a cumulative bid project cost of Rs 2,004.43 crore.

Zydus Lifesciences: The company received final approval form the U.S. FDA for Erythromycin tablets, which are used to prevent and treat infections in many different parts of the body.

Infosys: The company collaborated with mobility specialist ZF to revamp its multi-echelon supply chain with SAP Integrated Business Planning and Infosys Cobalt.

IRB Infrastructure Developers: The company reported Rs 35.175 crore as toll collection revenue for February, up 27% year-on-year.

Glenmark Life Sciences: The board will meet on March 16 to consider and declare interim dividend for the current fiscal.

PSP Projects: The company has received work orders worth Rs 123.38 crore in institutional, industrial and residential categories based in Ahmedabad, Gujarat.