Despite the solid global signals, the SGX Nifty opened on a muted note at 17,254 at 7:35 am on Friday.

Globally, US markets rallied overnight as fears of a banking crisis receded amid fresh buying in tech stocks. The Dow, Nasdaq Composite and S&P 500 rose 0.7%.

Reliance Industries: The group’s lenders and shareholders have spun off the company’s financial services. Hence, this is expected to create a big player in the NBFC space with a net worth of Rs 2,585.1 crore. Reliance Strategic Investments’ stake will be named Jio Financial Services after the demerger.

JSW Energy: The company’s wholly-owned subsidiary JSW Neo Energy has acquired 1,753 MW of renewable energy assets from Mytrah Energy (India) for over Rs 10,000 crore. This is the largest acquisition since the company was founded.

Tata Power: The company reappointed Praveer Sinha as the company’s chief executive officer (CEO) and managing director. He is reappointed to the office for four years, from May 1, 2023, to April 30, 2027.

HPCL: The company signed an agreement with BPCL’s Mumbai refinery as part of synergies through the purchase and sale of hydrogen. This partnership between the two oil marketing companies will enable mutual assistance in hydrogen exchange and uninterrupted supply emergencies.

Shakti Pumps: Rating agency India Ratings and Research has assigned the pump company an ‘IND A’ rating with a stable outlook. Some rating drivers are a stable revenue profile, a strong distribution network, and a solid market position.

Hero MotoCorp: The two-wheeler company has appointed Niranjan Gupta as CEO. Gupta is currently the CFO of Hero MotoCorp and played a key role in forming partnerships with Harley-Davidson and Zero Motorcycles.

Bharti Airtel: Nxtra Data, a subsidiary of the telecom operator, has signed an agreement to acquire an additional 5.4% stake in Avaada MHAmravati under the Electricity Act for captive power consumption.

Bharat Dynamics: The defence company has secured an order worth Rs 8,161 crore from the Ministry of Defence to produce and supply the Akash weapon system for the Indian Army.

Rail Vikas Nigam: The company has received a Letter of Acceptance (LoA) from the Ministry of Railways for the manufacture and maintenance of Vande Bharat trainsets, including upgrading the government’s manufacturing unit and trainset depot.

Mahindra Logistics: The company entered into a business transfer agreement with its wholly-owned subsidiary MLL Express Services (MESPL), to sell or transfer the express network business to MESPL on a low-price exchange basis from April 1, 2023.