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TOP CORPORATE NEWS- 18 JUNE 2019

Piramal Enterprises divests its stake in Shriram Transport Finance Piramal Enterprises (PEL) announced the sale of its investment of 9.96% in the fully paid-up share capital of Shriram Transport Finance Company Limited (STFCL).Piramal has a long-standing track record of shareholder value creation and has consistently leveraged the right opportunities at the appropriate time to deliver

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 18 JUNE 2019

Closing bell: Indices snap 4-day losing streak, Sensex gains 85 pts; banks, IT stocks lead. Benchmark indices ended volatile session marginally higher and snapped four-day losing streak, driven by select banks and IT stocks. The BSE Sensex rose 85.55 points to 39,046.34 and the Nifty50 gained 19.30 points at 11,691.50. The market breadth was in

TOP CORPORATE NEWS- 17 JUNE 2019

Cadila arm Alidac Pharma gets EIR for Ahmedabad unit Cadila Healthcare, in its press note to the exchanges, informed that the manufacturing facility of Alidac Pharmaceuticals Ltd (Alidac), located at Pharmez, Ahmedabad has received an Establishment Inspection Report (EIR).The USFDA had conducted a Pre-Approval Inspection (PAI) for Doxorubicin Liposomal, a complex oncological injectable at Alidac,

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 17 JUNE 2019

Closing Bell: Nifty ends below 11,700, Sensex falls 491 points; Tata Steel plunges 5%. Indian indices witnessed sharp fall on June 17 on the back of trade war fears which pulled the Sensex below 39,000 and Nifty below 11,700 level. At close, the Sensex was down 491.28 points at 38,960.79, while Nifty was down 148.40

TOP CORPORATE NEWS- 14 JUNE 2019

Hexaware acquires 100% shares of Mobiquity Softech Hexaware, in its filing to the exchanges on Friday, informed that the company has acquired 100% stakes of Mobiquity Softech Private Limited, a wholly owned subsidiary of Mobiquity Inc for a total consideration of ~ $182mn.This acquisition would help gain traction in banking and Pharma verticals, which are

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 14 JUNE 2019

Closing Bell: Nifty ends below 11,850, Sensex falls 289 points; IndusInd Bank slips 4%. Sharp fall in late trading pulled the indices to the low of the day on June 14 with Nifty ended below 11,850 level. At close, the Sensex was down 289.29 points at 39,452.07, while Nifty was down 90.70 points at 11,823.30.

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