Maruti Suzuki Subscribe now in Hydrabad and Pune
Fri, Aug 28, 2020 3:20 PM

Maruti Suzuki Subscribe now in Hydrabad and Pune

Maruti Suzuki has tied up with Myles Automotive Technologies to launch Maruti Suzuki Subscribe as a pilot project in select Indian cities – Hyderabad and Pune. With features such as zero-down payment, complete car maintenance, insurance, 24*7 roadside support and no resale risk, this all-inclusive subscription service will be a delight to the customers.

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NMDC share price hits upper circuit after proposed demerger
Fri, Aug 28, 2020 1:53 PM

NMDC share price hits upper circuit after proposed demerger

NMDC share price surged after the board approved to the proposal to demerge its NMDC Iron & Steel Plant in Nagarnar, Chhattisgarh. NMDC's turnover during the first quarter of this year was Rs 1,938 crore compared to Rs 3,264 crore during the corresponding quarter last fiscal year.

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SBI to hold interviews of candidates for the post of Chairman
Fri, Aug 28, 2020 12:10 PM

SBI to hold interviews of candidates for the post of Chairman

The Banks Board Bureau (BBB) is scheduled to hold interviews of candidates for the post of Chairman of the State Bank of India on August 28. According to sources, BBB is the headhunter for state-owned banks and financial institutions. The meeting would be held through video conferencing.

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250 stocks under Rs 25 surge up to 1,600% in 5 months
Fri, Aug 28, 2020 11:28 AM

250 stocks under Rs 25 surge up to 1,600% in 5 months

In this liquidity-driven bull market about 250 stocks that were available at prices below Rs 25 on April 1 have surged between 100 per cent and 1,600 per cent in just five months. The bull market is like the sunlight, which always stays somewhere. All you need is to remain observant and unbiased to see new leaders and new multibaggers even in the ruins of the Covid disruption.

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IDBI Bank plans to raise Rs 6,000 cr via share placement
Fri, Aug 28, 2020 10:57 AM

IDBI Bank plans to raise Rs 6,000 cr via share placement

It would be the first time in many years that IDBI Bank will be seeking funds from investors via a share sale, as the bank is planning to raise equity of about Rs 6,000 crore through a placement of shares with institutional investors, and is likely to go to the market in the second half of FY21.

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Dr Reddy's launches Wilson's disease treatment capsules in US
Thu, Aug 27, 2020 8:19 PM

Dr Reddy's launches Wilson's disease treatment capsules in US

Pharma major Dr Reddy's Laboratories on Thursday said it has launched generic Penicillamine capsules, used for treatment of Wilson's disease and Cystinuria, in the US market. Dr Reddy’s Penicillamine Capsules', USP is that - they are available as 250 mg capsules in a bottle count sizes of 100.

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FlipItClassroom - Offer For Sale (OFS)
Thu, Aug 27, 2020 5:51 PM

FlipItClassroom - Offer For Sale (OFS)

OFS (Offer for Sale) is a transparent process through which promoters of listed companies can sell their shares at the exchange. Companies should notify the stock market at least two banking days before the stake release. Clients need to bid for the stocks above the floor price, and they can also obtain a discount on the bidding value.

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Blue Star bags Rs 149-crore order from Mumbai Metro
Thu, Aug 27, 2020 3:56 PM

Blue Star bags Rs 149-crore order from Mumbai Metro

Blue Star Limited has won Electrical and Mechanical works (E&M) order valued at Rs 149 crore for ‘Mumbai Metro Line III, Package UGC-03’ for five underground stations. This is the second significant order won by Blue Star for Mumbai Metro.

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Zydus Wellness on track to raise up to Rs 1,100 crore
Thu, Aug 27, 2020 3:45 PM

Zydus Wellness on track to raise up to Rs 1,100 crore

FMCG company Zydus Wellness informed that its board has approved plans to raise up to Rs 1,099.98 crore. It will be raised through a combination of issuance of preference shares to its promoter Zydus Family Trust and other funding options, as decided by the board.

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USFDA's tentative nod to Alembic Pharma
Thu, Aug 27, 2020 2:27 PM

USFDA's tentative nod to Alembic Pharma

The US Food & Drug Administration (USFDA) provides Alembic Pharmaceuticals Limited (Alembic) tentative approval for its Abbreviated New Drug Application (ANDA) Empagliflozin and Linagliptin Tablets, 10 mg/5 mg and 25 mg/5 mg. With this Alembic has 113 final approvals and 17 tentative approvals from USFDA.

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Max India an arm of Max Group is set to relist on Friday
Thu, Aug 27, 2020 2:08 PM

Max India an arm of Max Group is set to relist on Friday

Max India, which got delisted in June, has announced its plans to invest Rs 300 crore over the next four years to develop a housing project for senior living in Noida, as well as in its new assisted-care services business. The opportunity to benefit from the senior care growth mega trend in India is USD 10-12 billion market across various value pools.

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FEL's board to meet on Saturday, to discuss raising funds
Thu, Aug 27, 2020 12:24 PM

FEL's board to meet on Saturday, to discuss raising funds

Last week, the Kishore Biyani-led Future Enterprises Ltd (FEL) said it has defaulted on interest payment of non-convertible debentures worth a total of ₹265 crore. A source said Reliance Industries will invest Rs 8,500 crore to own 50 per cent stake in the merged entity.

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Government to sell up to 15% stake in HAL via OFS on August 27-28
Thu, Aug 27, 2020 3:12 AM

Government to sell up to 15% stake in HAL via OFS on August 27-28

The government will sell up to 15 per cent stake in state-run aerospace and defence company Hindustan Aeronautics (HAL) through an offer for sale (OFS), at a floor price of Rs 1,001 per share. The offer could fetch the exchequer around Rs 5,020 crore. Through the OFS, the government proposes to sell 3,34,38,750 equity shares, constituting 10 per cent paid-up share capital of the company.

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FlipItFacts - Did you know that Master Blaster had huge impact on Indian Stock Market?
Wed, Aug 26, 2020 10:26 PM

FlipItFacts - Did you know that Master Blaster had huge impact on Indian Stock Market?

A study by economists Russell Smyth and Vinod Mishra of Monash University in Australia showed that the Nifty index was generally flat the day after India wins a match, but the day following a loss, the index dropped by an average of 0.231%. When Sachin Tendulkar is on the losing side, the loss on the stock market is almost 20% more.

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Sebi extends trading curbs to contain market volatility up to September 24
Wed, Aug 26, 2020 8:13 PM

Sebi extends trading curbs to contain market volatility up to September 24

SEBI said today it has decided to extend the regulatory measures to curb volatility up to September 24. On March 20, the markets regulator had imposed temporary restrictions on short-selling, increased margin requirements, and hiked penalties on violators, and they will remain in place till September 24, the regulator has said.

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