Markets are likely to start Wednesday’s trading on a calm note after signs of gloom in overseas markets. US markets closed slightly lower overnight after US Treasury yields rose.

In addition to this, today’s market could be volatile due to the monthly futures and options (F&O) expiration. Due to tomorrow’s trading holiday, the F&O is due a day early. SGX Nifty April futures were little changed at 17,080 at 7:10 am.

Adani Group: After yesterday’s poor performance in the stock market amid a buzz of undisclosed committed shares, Adani Group CFO Jugeshinder Ravi Singh termed reports that the company’s March 7 and 12 announcements did not match information available on stock exchanges as “deliberate misrepresentations”. He said the stock exchange would update the data on promoters’ share pledges at the end of the quarter.

Vedanta: On Tuesday, the Anil Agarwal-led Vedanta board approved the company’s fifth interim dividend for FY23 at Rs 20.50 per share. This will take the company’s total dividend payout for the current financial year to an all-time high of Rs 37,730 crore.

Reliance, Bharti Airtel: Mukesh Ambani promoted Reliance Jio has made a disruptive call in the fixed broadband space by offering entry-level unlimited 10 Mbps home broadband service for as little as Rs 198 per month.

Jindal Stainless: The stainless steel giant and Singapore’s Evergreen Hills-owned New Yaking Pte have agreed to build a nickel pig iron (NPI) smelter in Indonesia. Jindal Stainless will invest Rs 1,200-1,300 crore in giving it a 49% stake in the joint venture (JV), and New Yaking will hold the rest.

JSW Energy: Reliance, Tata Power Solar and JSW Energy have secured grants in different categories totalling Rs 13,937 crore under the second tranche of the solar PLI (Production Linked Incentive) scheme. Reliance alone received Rs 3,098 crore.

NHPC: Board of Directors of the company has approved debt raising of up to Rs 5,600 crore in FY 2023-24 through the issuance of secured/unsecured, redeemable, taxable, non-cumulative non-convertible corporate bonds in one or more series/tranches proposal.

PNB Housing Finance: The company’s board of directors has approved a rights issue worth Rs 2,494 crore. The company plans to issue 90.68 million paid-up share capital at Rs 275 each. The company has set Wednesday, April 5, 2023, as the equity registration date for determining shareholders’ eligibility to participate in the rights issue. Subscriptions for the rights issue will be open from April 13 to April 27, 2023.

Insurers: The government has approved the insurance regulator’s new rules on commission payments to intermediaries, paving the way for insurers to be given more autonomy to decide how much they want to pay.

RHI Magnesita India: The company’s board of directors is scheduled to meet on Saturday, April 1 to consider and approve the proposal to raise funds through a preferential issue of equity shares of Rs 200 crore.

Kintech Renewables: The company has scheduled a board of directors meeting on April 3, 2023, to consider the proposal to raise funds.

IFCI: The company plans a preferential issue of equity share capital totalling up to Rs 400 crore to the promoters (i.e., the Government of India) in FY23.

Tube lnvestments of India: The company’s subsidiary, TI Clean Mobility, has received Rs 266.67 crore investment from Multiples Private Equity Fund III and Rs 133.33 crore investment from the State Bank of India.

Mastek: The IT company has announced the opening a new office in Green Park in the Thames Valley region.