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PRE MARKET
Gift Nifty indicates a flat to negative start for the broader index in India, with a loss of 19 points or 0.08 percent. The Nifty futures were trading around the 24,940 level.
US stocks ended moderately lower on Thursday, with most S&P 500 sectors down as economic data increased uncertainty over the outlook for interest rate cuts from the Federal Reserve.
The Dow Jones Industrial Average fell 173.96 points, or 0.38%, to 45,947.32, the S&P 500 lost 33.25 points, or 0.50%, to 6,604.72, and the Nasdaq Composite lost 113.16 points, or 0.50%, to 22,384.70.
Asian stocks retreated after concerns about lofty valuations and mixed signals from Federal Reserve officials on rate cuts stalled a record-breaking rally on Wall Street.
Japan’s Nikkei, Hong Kong’s Hang Seng, and the Taiwanese weighted index went down 0.16, 1.03, and 1.66 percen,t respectively.
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RITES
The company has received a Letter of Award from Talis Logistics, South Africa, for the supply and commissioning of overhauled in-service Cape gauge ALCO diesel-electric locomotives. The order is worth $18 million.
Ceigall India
CIL–JSPPPL, the joint venture between Ceigall India and JSP Projects (JSPPPL), has received a Letter of Award from the Greater Mohali Area Development Authority (GMADA) for the construction of internal roads of Pocket B, C & D of Aerotropolis, SAS Nagar. The project is worth Rs 509.2 crore. Ceigall India and JSP Projects hold 80% and 20% stakes in the joint venture, respectively.
Tata Motors
Through a statement on the cyber incident, Jaguar Land Rover (JLR) informed colleagues, suppliers, and retail partners that sections of its digital estate are now up and running. The foundational work of its recovery programme is firmly underway, and the Global Parts Logistics Centre is running at full operation.
Nuvoco Vistas Corporation
The company has received a show cause notice from the Joint Commissioner (Prev), CGST & Central Excise, Raipur, alleging invoicing by carrying and forwarding agents (C&FA) without the supply of cement during the period FY 2019-20 to September 24 of FY 2024-25, and hence demanding tax and penalty of Rs 112.48 crore.
Supreme Petrochem
The company has commissioned its first line of the ABS project with an installed capacity of 70,000 TPA at its Amdoshi Plant, Maharashtra, with the technical support of Versalis, Italy. The plant commenced production on September 25.
Source – Moneycontrol