Sun, Aug 16, 2020 3:20 PM
FPIs invest Rs 28,203 cr in Aug so far; turn net investor in debt after 5 months
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After failing to attract buyers in its previous tender, the Yamuna Expressway Industrial Development Authority (YEIDA) has reintroduced its group housing scheme and put on sale six plots in sector 22D along the Yamuna Expressway near Noida International Airport. According to officials, the authority is looking at a revenue of at least Rs 450 crore from the allotment of these group housing plots
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India’s telecom companies, Vodafone Idea, Bharti Airtel and Reliance Jio are likely to benefit from expected tariff hikes in the next three years and chances of a reduction in Adjusted Gross Revenue liability, analysts at IIFL Securities said. The debt-laden Vodafone Idea has launched its Follow-on Public Offer (FPO) to raise ₹18,000 crore from the primary market.
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Massachusetts Institute of Technology (MIT) has bought a 1.45 percent stake or 66 lakh shares in smallcap Pharma player, Markans Pharma. This is a reasonable chunk of the company acquired through block deals on April 15. As per data available on the exchanges, MIT picked up this stake through its investment management company at Rs 158 per share.
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