Indian equity markets are expected to open higher on Friday, supported by positive global cues and investor activity. Gift Nifty Futures were trading 90 points higher at 23,204 at 7:20 am, indicating a firm opening for the Nifty-50.
The anticipated gains follow a sharp decline in the previous session. On Thursday, markets recorded a significant fall after Iran’s attack on energy installations in Qatar, leading to investor concern and an erosion of approximately ₹13 lakh crore in market capitalisation. This marked the largest single-day decline in the past 21 days.
HDFC Bank board development
HDFC Bank CEO Sashidhar Jagdishan stated that the bank’s board was surprised by the sudden resignation of part-time Chairman Atanu Chakraborty. He clarified that there were no serious concerns related to the resignation and that the bank’s fundamentals remain intact. He also stated that there were no internal differences within the bank.
Tata Elxsi offshore development centre
Tata Elxsi announced the establishment of a global offshore development centre for Terumo Corporation. The centre will support advanced cardiac and vascular solutions.
NTPC strategic agreement
NTPC signed a memorandum of understanding with Octopus Energy Group to explore strategic collaboration opportunities in the power and energy sector.
TCS and ABB collaboration
Tata Consultancy Services signed a memorandum of understanding with ABB to strengthen collaboration in IT infrastructure, artificial intelligence, and engineering solutions.
Wipro AI hub launch
Wipro launched a new hub in GIFT City, Gandhinagar, aimed at enhancing AI-led capabilities for global BFSI clients.
JK Cement limestone block
JK Cement has been declared the preferred bidder for the Itauri-Jharkua limestone block located in Panna district, Madhya Pradesh.
JSW Cement greenfield plant
JSW Cement commissioned a greenfield integrated cement plant in Nagaur, Rajasthan, marking its entry into the North India market.
ICICI Bank tax demand
ICICI Bank disclosed that tax authorities have issued a demand notice of ₹768.6 crore, alleging short payment of GST.
NBCC contract awards
NBCC (India) Ltd secured multiple domestic contracts worth approximately ₹319.78 crore across Assam, Meghalaya, and Bihar for housing, infrastructure, and institutional development projects.
Amber Enterprises rights issue
Amber Enterprises stated that its subsidiary IL JIN Electronics (India) Pvt Ltd has approved raising ₹328 crore through a rights issue of equity shares.
