Equity benchmarks are likely to open with nominal gains on Friday. As noted by the SGX Nifty, quoted at 17,640, the Nifty could open around 50 points higher.

Wall Street closed with tepid gains on Thursday. The Dow, Nasdaq Composite and S&P 500 closed up 0.7%.

Zee Entertainment: The media company has been barred from the futures and options (F&O) section of the National Stock Exchange (NSE) following the bankruptcy committee’s decision to place the media company in bankruptcy proceedings.

Furthermore, its MD and CEO, Punit Goenka, filed a complaint with the National Company Law Appellate Tribunal (NCLAT) on Thursday seeking relief from the order.

Adani Transmission: Fitch affirms the ‘BBB-‘ rating on the senior secured notes issued by Adani Transmission Restricted Group and says its outlook is stable. The credit assessment reflects the availability-based revenue of the project company under a supportive regulatory framework, with low technical complexity, reflected in a high level of availability. Entity operating performance is expected to remain stable.

Axis Bank: Private sector lender Axis Bank said on Thursday that the acquisitions of Citibank’s India consumer business and Citigroup’s NBFC business are expected to close on March 1.

SpiceJet: The company will release its December quarter results today.

Olectra Greentech/RIL: The company has a technology partnership with Reliance Industries to develop hydrogen-fuelled buses.

Bharat Forge: The company would bring all defence-related investments under one entity. It transferred its stake in Aeron Systems to another subsidiary, Kalyani Strategic Systems.

Alkem Labs: The USFDA has concluded its inspection of Alkem’s manufacturing plant in Indore and issued an Enterprise Inspection Report (EIR) for the unit. It was inspected between July 1, 2022, and July 7, 2022. In response to Form 483 issued by the USFDA containing one observation, it submitted a detailed corrective and preventive action (CAPA) plan to the regulator within the stipulated time frame.

Sanofi India: The company reported a 44.8% rise in net profit to Rs 130.9 crore in the December quarter. Its revenue fell 2.3% to Rs 671.9 crore compared to the previous year. The operating margin was 24.8%, compared with 18.5% a year ago.

West Coast Paper Mills: The strike by contract workers has been called off, and production at Dandeli’s paper and board unit has restarted, the company said.

Rail Vikas Nigam: The company has received the letter of award from M. P. Madhya Kshetra Vidyut Vitaran Co for the project worth Rs 196.77 crore.

Kanoria Chemicals & Industries: The company is setting up a new formaldehyde plant with a capacity of 300 TPD at GIDC’s existing manufacturing facility in Ankleshwar, Gujarat.

Isgec Heavy Engineering: The company has received an order to supply seven Waste Heat Recovery Boilers utilising the waste gases from the DRI Sponge Iron Kiln.

Taylormade Renewables: The company has won new work orders worth Rs 13.06 crore from Dodhia Chem-Tex Pvt Ltd.

OnMobile Global: The company’s branch in Ecuador was closed on December 15, 2022.

Knowledge Marine & Engineering Works: Syama Prasad Mookerjee Port of Kolkata has extended by six months the existing contract of the company’s subsidiary Indian Ports Dredging at an estimated cost of Rs 2.52 crore for “dredging of locks and approach jetties and dredging” of ships KPD and NSD Grooves, arcs for gates and dry dock doors”.

Tube Investments: It acquired a 50% stake in X2Fuels and Energy, an early-stage start-up developing thermochemical technologies to convert solid feedstock into storage liquid and solid fuels.

Vason Engineers: The company has secured a residential complex construction order worth Rs 95.92 crore from the Pune Metropolitan Region Development Authority.