In Tuesday’s session, domestic markets will likely intensify amid positive global sentiment. The SGX Nifty was at 17,491 at 7:30 am, indicating a lacklustre start for the bourse.

Globally, US markets rose overnight, with the Dow, S&P 500 and Nasdaq Composite up 0.6%.

SpiceJet: To reduce $100 million in debt, Carlyle Aviation Partners will acquire a 7.5% stake in the airline by converting outstanding dues and snapping up a stake in the cargo business. The airline will also raise up to Rs 25,000 crore using the Qualified Institutional Buyer (QIB) route.

Bharti Airtel: Chairman Sunil Bharti Mittal said the tariff hike would soon be rolled back by the middle of the year due to poor returns on capital in the telecom business. Despite a strong balance sheet, the industry has seen minimal returns on capital, backed by healthy capital injections, he said.

SAIL: The company’s subsidiary, Bhilai Steel Plant, receives orders from the UAE to supply large volumes of special quality plates. The plant has received an export order for 10,000 tonnes of panels that meet European and American specifications.

Wipro: Wipro announced four global strategic lines of business to deepen alignment with clients’ evolving business needs and tap emerging opportunities in high-growth market segments. The new model focuses on cloud, enterprise technology and business transformation.

Tanla Platforms: The company launched Wisely ATP, an innovative solution for SMS phishing, at Mobile World Congress (MWC) 2023 in Barcelona. Wisely ATP is a one-stop shop for comprehensively addressing the challenges of SMS phishing.

Brigade Enterprises: The company plans to expand its hosted office brand, BuzzWorks. According to management, BuzzWorks provides a value-added service for our office workers looking for flexible office space.

Mastek: The company signed an agreement with Netail to bring AI-led digital transformation to the retail and consumer industries. According to management, the collaboration will help e-commerce, and omnichannel retailers optimize their retail value chain to attract, convert and retain digital consumers.

Triveni Glass: The company will invest Rs 1,000 crore to build a solar glass manufacturing plant with a daily capacity of 840 metric tons in Andhra Pradesh. The glass manufacturer will set up a factory in Pangidi, East Godavari district, creating 2,000 jobs.