Equity benchmarks will likely open modestly on Thursday, tracking losses in global markets after the Federal Reserve raised interest rates by 25 basis points overnight. As noted by the SGX Nifty, quoted at 17,110, the Nifty could open around 50 points lower.

US markets briefly pared gains after the Fed announced a rate hike. Treasury Secretary Janet Yellen said regulators do not intend to provide “blanket” deposit insurance or guarantee to stabilise the US banking system. The Dow, S&P 500 and Nasdaq Composite each fell 1.6%.

Hindustan Aeronautics: The government plans to sell up to 3.5% stake in aerospace and defence firm Hindustan Aeronautics (HAL) through an offer for sale (OFS) to raise more than Rs 2,867 crore, according to an exchange filing on Wednesday. It owns 75% of HAL.

Reliance Industries: Reliance Consumer Products (RCPL), the Fast Moving Consumer Goods (FMCG) division and a wholly-owned subsidiary of Reliance Retail Ventures, will expand its consumer packaged goods portfolio to nearby mom-and-pop stores (kiranas) following the splashy relaunch of iconic beverage brand Campa, Launches home and personal care products.

Hero MotoCorp: On Wednesday, Hero MotoCorp said it would raise prices on its model range by about 2% from next month to offset higher production costs to meet stricter emissions standards.

Nazara Technologies: On Wednesday, Sportskeeda’s parent company, Absolute Sports, acquired a 73.27% stake in Pro Football Network LLC (PFN) worth $1.82 million (roughly Rs 16 crore) through a capital injection and secondary share purchase. Sportskeeda is a subsidiary of the Indian gaming company Nazara Technologies.

Larsen & Toubro: The company has signed a long-term partnership agreement with France-based McPhy Energy. The latter will grant the former an exclusive manufacturing license for its pressurised alkaline electrolyser technology, including future product upgrades.

PNC Infratech: Sonauli Gorakhpur Highway, a subsidiary of the company, has been given an appointed date of March 6, 2023, for the four-lane section of the Sonauli-Gorakhpur section of the NH-29 national road in Uttar Pradesh.

Power Grid Corporation: The company has acquired six purpose-built vehicles from REC Power Development and Consultancy for Rs 80.23 crore. The SPV was set up primarily to construct transmission projects in the Khavda district of Gujarat.

Coromandel International: Board of Directors approves the company’s entry into contract development, manufacturing organisation business, and speciality and industrial chemicals. The board also approved the expansion of the company’s crop protection chemicals business.

HG Infra Engineering: The National Highways Authority of India has selected the company as the lowest bidder for constructing the six-lane greenfield Varanasi-Ranchi-Kolkata highway from Lepo Jharkhand to the Jharkhand-West Bengal border Kamlapur village. The estimated project cost is Rs 764.01 crore.

IGL: The company has signed an MoU with Bharat Heavy Electricals (BHEL) for developing, manufacturing and deploying Type IV cylinders, hydrogen mixing in city gas distribution (CGD) and fuel cell-based backup power systems.

GR Infraprojects: The company has emerged as the lowest bidder for six lanes of green land in Surat-Nashik-Ahmednagar-Solapur from Hasapur to Badadal in Maharashtra at Rs 872.17 crore. It has also been selected to construct civil works for the Dibang multi-purpose project in Arunachal Pradesh at Rs 3,637.12 crore.

Chalet Hotels: The company will acquire a 100% stake in Sonmil Industries and an 82.28% stake in The Dukes Retreat for Rs 74.65 crore. Sonmil owns the land in Khandala, and The Dukes Retreat operates a property.

Indiabulls Housing Finance: Due to low trading volumes, the company will delist 568,000 global depositary receipts, or 0.12% of its paid-up capital, from the Luxembourg Stock Exchange.