The SGX Nifty Index gapped to 17,031 at the open on Monday, up more than 100 points as of 7:20 am, amid mixed global trends.

During the holiday-shortened week, monthly derivatives expiry, crude oil prices, rupee movements and foreign fund flow actions will determine market direction.

Overnight, US stock futures edged higher, with the S&P 500, Dow and Nasdaq futures up as much as 0.5%.

Paytm: The Reserve Bank of India (RBI) has extended the time for Paytm Payment Services to resubmit its payment aggregation license application. While the company awaits Centre’s approval for past investments in its parent company One97 Communications, the RBI said it could continue its online payment aggregation business.

Crompton Greaves: The company merged with Butterfly Gandhimati Appliances to accelerate and smooth the realisation of the synergies of the combined business. After the merger, as of the equity registration date, for every 5 equity shares of Butterfly held by public shareholders of Butterfly, they will be exchanged for 22 equity shares of Compton.

Zydus Lifesciences: The pharmaceutical company has recalled more than 55,000 vials of a generic drug used to treat gout in the US market due to off-spec impurities. The affected batches were manufactured by Ahmedabad-based Zydus Lifesciences and marketed in the US by New Jersey-based Zydus Pharmaceuticals (USA) Inc.

Tata Steel: The steelmaker has acquired 460,000 shares in wholly-owned subsidiary Tata Steel Utilities and Infrastructure Services at Rs 10 crore each at a premium of Rs 205 per share.

Lupin: The drugmaker informed that UK’s medicines and healthcare products regulator successfully inspected the company’s Pithampur facility in India. Inspections are from March 20 to March 24.

Karur Vysya Bank: The RBI has fined the bank Rs 30 lakh for non-compliance with certain provisions of directions issued by the RBI.

IndusInd Bank: The private sector lender announced the appointment of Vikas Muttoo as Chief Operating Officer and Head of Member Services for its subsidiary Bharat Financial Inclusion.

Greaves Cotton: Greaves Electric Mobility, a company subsidiary, has partnered with Royal Challengers Bangalore as their official EV partner for the upcoming T20 season ‘Ampere Electric Two-Wheeler’.

NBCC (India): The company’s wholly-owned subsidiary HSCC (India) has secured a work order worth Rs 81.19 crore from All India Media Sciences in New Delhi to build the vertical expansion of the service block.

Bharat Electronics: The Ministry of Defence signed a deal worth Rs 3,000 crore with the defence company to supply the Indian Army with integrated electronic warfare systems.

ISGEC Heavy Engineering: The company has secured an order worth Rs 197.2 crore from Maharashtra State Power Generation for ESP retrofit and modernisation of Chandrapur Thermal Power Station in Chandrapur.

Khadim India: The footwear company entrusts full-time director Rittick Roy Burman with day-to-day management and overall operations. Rittick is a member of the group of promoters and a key company officer.

Welspun India: Credit rating agency India Ratings & Research affirmed the “stable” outlook on the company’s credit rating.