Stock to watch: Tata Motors, IEX, Infibeam Avenues and more
Upstox
1 min read • Updated: March 5, 2024, 9:05 AM
Summary
GIFT NIFTY indicates a muted start for the Indian markets. Asian markets are trading in red, with Hang Seng is down 2.65%, while Nikkei 225 is trading 0.30% lower. Meanwhile, the US markets closed lower on Monday.
Tata Motors
Tata Motors said its board of directors has approved demerging its businesses into two separate listed entities, namely the commercial vehicles (CV) and passenger vehicles (PV) businesses.
Read more: Tata Motors to demerge its businesses into two separate listed companies
Indian Energy Exchange (IEX)
IEX, which operates an electricity trading platform, reported a 15.4% YoY increase in overall trading volume to 9,462 million units in February 2024.
NBCC
The infrastructure company through its wholly owned subsidiary, HSCC (India) has received a work order worth ₹92 crore. The order includes the appointment of an architectural consultant for comprehensive planning, designing, and monitoring and supervision of the construction of an extension block for the Advanced Eye Center and DDTC in front of the Drug De-Addiction Center at PGIMER.
Infibeam Avenues
The company has received final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator under the Payment and Settlements Systems Act, 2007 for the payment gateway brand – CCAvenue.