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Stocks In News

 

INDIAN HOTELS COMPANY

Rights Issue to open on October 13

Issue Price set at Rs 75/Sh

GODREJ INDS

Godrej Agrovet IPO opens October 4

DEEPAK FERTILIZER

To set up Isopropyl Alcohol (IPA) Plant at Taloja

Set Plant for an investment of Rs 450 Cr

GSK PHARMA

Board approves sale of 60 Acre Land in Thane

Deal with Oberoi Realty for Rs 555 Cr

SHOPPERS STOP

Amazon picks up 5% stake in Shoppers Stop

Stake for Rs 180 Cr

Amazon Deal to help tap buyers in Non-Metros

  • SENSEX

    31,626.63 295.81   (-0.93 %)
  • NIFTY

    9,872.60 91.80   (-0.92 %)
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News In Brief

 

    Vodafone launches startup kit for entrepreneurs

    Mumbai: Second largest telco Vodafone has launched a ‘start-up kit’ for entrepreneurs with a dedicated team for sales, solution, service, and on-boarding apart from access to solutions that will help the new businesses with visibility, manageability, and control over various business assets.

    “Dynamic innovation needs strong technology support and trusted partners for sustainable growth. The kit brings forth Vodafone’s global experience as an enabler of start-ups and reinforces our commitment to this community,” its MD and CEO Sunil Sood said.

    (PTI)

    BDL to supply MRSA Missiles to Indian Army

    Hyderabad: Bharat Dynamics Limited (BDL), a defence PSU today said it signed contract with Research Centre Imarat (RCI) for supply of Medium Range Surface-to- Air Missiles (MRSAM) to Indian Army.

    According to a statement issued by BDL, the contract was signed for production, deliveries and product support of MRSAM system for the Indian Army, it said.

    Directors and senior officials from BDL and senior scientists from Defence Research and Development Organization (DRDO) were present on the occasion, it added.

    (PTI)

    WDM witnesses trade worth Rs 1,961.01 cr on NSE

    Mumbai: Wholesale debt market segment of the National Stock Exchange today witnessed a total turnover of Rs 1,961.01 crore in 54 trades.

    Top securities (non-repo) traded at the WDM: The 317-day Treasury Bills (Issue No:150318) traded at Rs 471.61 crore at weighted yield of 6.20 per cent, the 312-day Treasury Bills (Issue No:160318) traded at Rs 360.00 crore at weighted yield of 6.20 per cent and the 8.30 per cent Government security maturing in CG2042 traded value of Rs 200.00 crore at weighted yield of 7.32 per cent, an NSE release said.

    (PTI)

    UK's opposition Labour pledges to take control of all 'PFI' deals: Spokesman

    Brighton: Britain’s opposition Labour Party said it would bring all existing ‘Private Finance Initiative’ deals - which fund public infrastructure with private capital - under government control if they are able to unseat the Conservative government.

    “We’ll bring existing PFI contracts back in house,” Labour’s finance spokesman John McDonnell told the party’s annual conference in the English town of Brighton.

    (Reuters)

    Siemens likely to pick Alstom for rail merger: sources

    Munich/Frankfurt: German industrial group Siemens (SIEGn.DE) is likely to decide on Tuesday to pursue a rail merger with French rival Alstom (ALSO.PA) rather than Canada’s Bombardier (BBDb.TO), two sources familiar with the matter told Reuters.

    “I think Alstom will make it,” one of the people said on Monday. The second person said the Siemens supervisory board would decide the matter on Tuesday, also describing Alstom as the frontrunner. A Siemens spokesman declined to comment on the matter, while Alstom was not immediately available to comment.

    (Reuters)

    RBI has been intervening to stem rupee's appreciation: Arvind Subramanian

    New Delhi: The Reserve Bank of India has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramanian said on Monday.

    Subramanian said there was a “big” appreciation of the rupee between January and April which had adversely impacted Indian exports and the country’s import-competing sectors. 

    (Reuters)

    Unilever to buy majority stake in Carver Korea for $2.9 billion - Seoul Economic Daily

    Seoul: Unilever has agreed to buy a majority stake in South Korean cosmetics firm Carver Korea for $2.9 billion (2.14 billion pounds) from a consortium of Goldman Sachs and Bain Capital Private Equity, Seoul Economic Daily reported on Monday.

    The deal to buy the 60.39 percent stake was signed on Friday, the report said, citing investment banking sources. Carver Korea, Bain Capital and Goldman Sachs were not available for comment.

    (Reuters)

    Japan Abe to order $17.8 billion stimulus package: sources

    Tokyo: Japanese Prime Minister Shinzo Abe will order cabinet ministers on Monday to compile a stimulus package worth around 2 trillion yen ($17.80 billion) to increase spending on child care and education, two government sources told Reuters.

    Abe is expected to announce a snap election on Monday to take advantage of improved ratings and disorganised opposition parties, and the stimulus package could be a way to lure voters during the election campaign. However, Abe has drawn criticism that he is using the election to distract voters from two cronyism scandals that rattled his government earlier this year.

    (Reuters)

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