Here are the companies making headlines in the stock market before the opening bell:
Signature Global India
Delhi NCR-based affordable housing company, Signature Global India, is set to debut on the BSE and NSE on September 27. The issue price has been fixed at Rs 385 per share.
Sai Silks Kalamandir
Andhra Pradesh-based ethnic apparel and value-fashion products retailer, Sai Silks Kalamandir, is also set to list shares on the stock market on the same day. The final issue price is Rs 222 per share.
Infosys, the country’s second-largest IT services provider, has announced a collaboration with Microsoft to develop industry-leading solutions. The partnership aims to leverage Infosys’ Topaz and Microsoft’s Azure OpenAI Service and Azure Cognitive Services. Through this collaboration, both companies aim to enhance enterprise functions and accelerate the democratization of data and intelligence across multiple industries.
Container Corporation of India
Container Corporation of India has appointed Sanjay Swarup as Chairman and Managing Director (CMD) of the firm, with effect from October 1, 2023. Currently, Swarup serves as the Director (International Marketing & Operations) at CONCOR, and his appointment will be valid until July 21, 2026.
Air conditioner manufacturer Blue Star has invested Rs 49 crore to acquire 4.9 crore equity shares of its subsidiary, Blue Star Climatech, as part of its Qualified Institutional Placement (QIP) issue. This investment will help the subsidiary repay outstanding borrowings and support its expansion plans.
IT company 3i Infotech has secured a contract worth Rs 39.55 crore from Ujjivan Small Finance Bank for end-user support service (workplace services). The contract is valid for a period of 5 years, starting from October 1, 2023, with the option to extend it with mutual agreement.
Shyam Metalics and Energy
Kolkata-headquartered integrated metal producer, Shyam Metalics and Energy, has entered the energy storage sector to manufacture battery-grade aluminum foil for Lithium-ion cell production. The production of battery-grade aluminum foil is a critical component in the manufacturing of Lithium-ion cells.
Dilip Shanghvi and Associates have terminated their agreement with Suzlon Energy in accordance with the terms of the agreement. As a result, Hiten Timbadia, the investor group’s nominee director, resigned from the company’s board. The termination of the agreement will not impact the company’s operations.
Century Textiles and Industries
Subsidiary Birla Estates has sold out phase 1 of Birla Trimaya within 36 hours of its launch. The booking value of the 556 units booked amounts to Rs 500 crore. Birla Trimaya is a 52-acre land parcel located in North Bangalore and is a joint partnership with M S Ramaiah Realty LLP.
The GST Authority has conducted a search and seizure at Prataap Snacks’ manufacturing unit in Bengaluru under the Central Goods and Services Tax Act, 2017 (CGST Act). The company has fully cooperated with the officials and provided the necessary clarifications and details. The operations of the manufacturing unit were not affected and continued as usual.
– Signature Global India, Sai Silks Kalamandir: No source provided in the original article
– Infosys: No source provided in the original article
– Container Corporation of India: No source provided in the original article
– Blue Star: No source provided in the original article
– 3i Infotech: No source provided in the original article
– Shyam Metalics and Energy: No source provided in the original article
– Suzlon Energy: No source provided in the original article
– Century Textiles and Industries: No source provided in the original article
– Prataap Snacks: No source provided in the original article