The subdued global sentiment will likely keep the domestic market tepid in Monday’s trading session. The SGX Nifty fell to 17,514 at 7:15 am, down nearly 30 points.

Globally, US markets closed lower on Friday, notching their worst week of 2023. The Dow, S&P 500 and Nasdaq Composite fell to 1.7%.

SpiceJet: The airline operator’s revenue for the October-December quarter (Q3FY23) jumped nearly five-fold to Rs 107 crore from Rs 23.28 crore a year earlier. Management said strong performances in the freight and passenger segments drove profits. Nonetheless, high oil prices and declines continued to weigh on overall performance.

IOC: The company will set up green hydrogen plants at all its refineries as it pivots to a Rs 2 trillion green transformation plan to achieve net-zero emissions from its operations by 2046. Management aims to expand refining capacity from 81.2 million tons annually to 106.7 million tons.

Interglobe Aviation: More than 50 IndiGo and Go First aircraft have been grounded following Pratt & Whitney engine failure amid ongoing supply chain headwinds. Airline operator IndiGo is considering options, including slowing redeliveries by extending leases and bringing the planes back into the fleet.

Mahindra Lifespace: The real estate company expects annual revenue from the industrial leasing business to reach Rs 500 crore by 2025, up from Rs 298 crore in the previous financial year. Meanwhile, in the residential segment, the company expects to grow to Rs 2,500 crore by 2025 from Rs 1,000 crore during the last financial year.

Granules India: The pharmaceutical major received USFDA approval for an Abbreviated New Drug Application (ANDA) for losartan potassium tablets – 25 mg, 50 mg and 100 mg. These tablets treat high blood pressure in adult and paediatric patients.

Adani Ports and SEZ: Management announced that the company’s cargo volume topped 330 million metric tons (MMT) in 329 days, beating last year’s milestone of 354 days.

ABB India: The company will invest Rs 1,000 crore in its Indian operations over the next five years for capacity expansion. The new facility in Nashik will help double gas-insulated switchgear (GIS) capacity and serve power distribution, smart city and other infrastructure developments.

Edelweiss Financial Services: The company won shareholder approval to demerge its wealth management business, paving the way for the listing of Nuvama Wealth Management. Management said the demerger allowed shareholders to participate directly in Nuvama’s growth journey.

The Phoenix Mills: The company’s wholly-owned subsidiary, Palladium Construction, has acquired a prime site in Alipore, Kolkata, for Rs 414.31 crore to develop high-end luxury residences. Management expects the project to be completed in 2028-29.

Tega Industries: The company will acquire McNally Sayaji Engineering to expand its product portfolio to serve global and Indian businesses. The acquisition is expected to close within the next two months and will be financed by an optimal mix of internal resources and debt.