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Category Archives: Top Corporate News

TOP CORPORATE NEWS- 27 JUN 2017

M&M discontinues AT variant of Scorpio M&M has discontinued the AT (automatic transmission) variant of its leading utility vehicle Scorpio with immediate effect citing end of life cycle for the product. This is unlikely to have any material impact of the sales volumes of the company as the AT variant constitute a small share of

Market Outlook for the coming week 26 JUNE 2017

Market Outlook for the coming week! In the coming week, developments related to roll-out of Goods and Service Tax (GST), progress of monsoon rains, domestic and global macroeconomic data, trend in global markets, investment by foreign portfolio investors (FPIs) and domestic institutional investors (DIIs), the movement of rupee against the dollar and crude oil price

Top five stocks which could turn out to be multibaggers in next 2-3 years

Top five stocks which could turn out to be multibaggers in the next 2-3 years and why? Transport Corporation of India (TCI) GST is a game changer for organised logistics players as it will provide a boost to the warehousing and supply chain management business. TCI will be a key beneficiary given its well-integrated network

Wall Street ends higher on technology, energy boost

U.S. stocks ended higher on Friday after a last-minute trading spike and a technology sector gain offset weakness in financial stocks and sent the Nasdaq higher, giving it a weekly gain for the first time in three weeks. Bank stocks ended lower even after they passed their annual stress test as some results were weaker

TOP CORPORATE NEWS- 22 JUN 2017

Grasim surges on approval for demerger with ABFSL Grasim Industries: The Merger committee of the board of directors of Grasim and that of Aditya Birla Financial Services have approved of 4th July 2017 to be effective date for the demerger of the financial services business of Grasim and transfer the same to ABFSL. PVR to

TOP CORPORATE NEWS- 21 JUN 2017

Tech Mahindra to sell step-down arm to Swiss firm Software services firm Tech Mahindra has agreed to sell a step-down subsidiary in Pakistan to Swiss firm Talkpool AG for $5.2 million (Rs33.5 crore). Mahindra Group Company said that Tech Mahindra unit LCC Middle East FZ LLC is selling LCC Pakistan Pvt. Ltd subject to regulatory

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