Domestic stocks will likely edge lower in Friday’s session as global sentiment turned sour after US wholesale price inflation rose to 6%.

The SGX Nifty fell to 17,981 by 7:15 am, down more than 50 points.

Globally, US markets closed lower overnight as wholesale inflation data fuelled fears of a rate hike. The Dow, S&P 500 and Nasdaq Composite closed more than 1% lower.

Ambuja Cements: The company has been selected as the “preferred bidder” for the Uskalvagu limestone block in Odisha state. Together with its subsidiary ACC, the company has a capacity of 67.5 million tonnes and has 14 integrated cement manufacturing plants and 16 cement grinding plants across the country.

HDFC: The company completed the sale of Rs 25,000 crore 10-year non-convertible bonds (NCDs), the largest domestic rupee bond issued by a company in India. These bonds carry an annualised coupon, an interest rate of 7.97%, that is paid periodically to investors.

Hindustan Zinc: CEO Arun Misra said the company planned to approach the mining ministry to resolve disagreements over acquiring holding company Vedanta’s overseas assets. However, asset valuation is one of several issues raised by the government.

Tata Steel: The steelmaker has signed an MoU with the Central Building Research Institute (CBRI), part of the Council for Scientific and Industrial Research (CSIR), to collaborate on research, academic development and sustainable solutions for the mining industry. Management said the agreement would pave the way for innovation and scientific research in the mining industry.

Hindustan Aeronautics: The company’s self-developed Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR) have received Indian Technical Standards Order (ITSO) approval from the Directorate General of Civil Aviation of India (DGCI).

Nestle India: The company’s net profit rose 65.5% to Rs 628.06 crore, while revenue rose 13.6% to Rs 4,256.7 crore. Management said they delivered their highest double-digit growth in a decade, driven by continued volume and mix-led growth, which drove strong value growth.

Greaves Cotton: Greaves Electric Mobility, the company’s electric vehicle business, has launched the Ampere Primus at Rs 1.09 lakh, entering the high-speed electric two-wheeler segment. According to management, the company continues to embody the ‘Make in India’ drive with highly localised and domestically sourced components.

RailTel Corporation: The company has secured an order from Bengaluru Metro Corporation to supply, install, test and commission IT network infrastructure worth Rs 27.07 crore and a comprehensive annual maintenance contract worth Rs 6.22 crore per annum for five years extendable to 10 years.

RPP Infra Projects: The company has secured new orders worth Rs 59.92 crore to construct integrated stormwater drainage works in Kovalam Basin M1 and M2 in Greater Chennai’s Sector 8 Extension, which covers various streets in Sector 14. The project is expected to be completed within 24 months from the specified date.

Angel One: CEO Narayan Gangadhar resigned on May 16, 2023. Dinesh Thakkar will lead the company’s day-to-day affairs as Chairman and Managing Director (CMD).