Today’s top morning headlines - 31st August 2023

Markets are trading in the red as of 12:30 pm, with the NIFTY50 trading around the 19,300 level. Here are the top stories of the hour. Let us know what you think in the comments below!

Top gainer: Jio Financial: 242 ▲ 11 (+4.9%)
Top loser: Adani Ports: 797 ▼ 21 (-2.5%)

:star: Adani Group share tanks on new allegations
Shares of Adani Group companies fell in the range of 2% to 3% in early trade. This comes after the George Soros-backed Organised Crime and Corruption Reporting Project (OCCRP) released a report with several allegations against the Group. Meanwhile, Adani Group has denied these allegations.

:star: RVNL rises on order win
Shares of the railway infrastructure company gained over 2% intraday after emerging as the lowest bidder for a new project worth ₹256 crore. This new project comes from Maharashtra Metro Rail Corporation and involves various works related to Nagpur Metro.

:star: Zen Technologies bags new defence order
Zen Technologies, a leading military training and anti-drone solution provider, saw its shares rise over 3% today after securing a new order worth over 72 crore. This new order comes from the Defence Ministry.

:star: Aeroflex Industries makes strong debut
Aeroflex Industries listed on the exchanges at a 83% premium today. Shares of the metallic tubes and hose maker opened at ₹190 on NSE, against the issue price of ₹108 per share. Its ₹351 crore initial public offer (IPO) was subscribed over 97 times.