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TOP CORPORATE NEWS- 17 OCT 2018

NIIT Tech spurts 5% on favorable Q2FY19 numbers Shares of NIIT Tech jumped 5% in the afternoon session on Wednesday after posting better than expected numbers for the second quarter of FY19. The company reported better than expected numbers for Q2FY19 on all fronts. Revenue grew 10% qoq to Rs907cr against the median consensus estimate

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 17 OCT 2018

Nifty likely to open High. Indian Indices: Market Live: Strong start on D-Street in pre-opening, Nifty above 10,650; Infosys down 2%. Global Market: • Asian markets: Japanese shares are higher today as the Nikkei 225 gains 1.59%. The stock markets in Hong Kong and Shanghai are closed at this time. • US Markets: North and

TOP CORPORATE NEWS- 16 OCT 2018

Piramal Enterprises mulls selling of pharma biz Piramal Enterprises gained 3% on Tuesday after media reports said that the company is mulling sale of its contract pharmaceutical operations, which may fetch the company $1bn. As per reports, Ajay Piramal, Chairman of the Piramal Group, is working with advisers to weigh interest in its contract development

TOP CORPORATE NEWS- 15 OCT 2018

Dr. Reddy’s gets final approval for gAggrenox Dr. Reddy’s Lab has received final USFDA approval for Aspirin and Dipyridamole Extended-Release tablet. This is a generic copy of Boehringer Ingelheim Pharma’s drug Aggrenox, which is used to lower the risk of stroke in people who have had a mini-stroke or stroke due to a blood clot.

CAPITALSTARS- INDIAN EQUITY MARKET OUTLOOK – 15 OCT 2018

Market Live: Nifty above 10,550 in pre-opening, sensex up 250 points; rupee opens at 73.80/USD. Indian Indices: Avenue Supermart is down, while Yes Bank, HDFC, TCS, Indiabulls Housing, Dhampur Sugar, Praj Industries are among the major gainers in the pre-opening trade. Global Market: • Asian markets: Asian markets are lower today as Japanese and Hong

TOP CORPORATE NEWS- 12 OCT 2018

M&M subsidiary forms JV with Sumitomo Corporation for Crop Care Business India’s business conglomerate Mahindra and Mahindra Limited (M&M), announced that its subsidiary has set up a joint venture (JV) with Sumitomo Corporation (Sumitomo) of Japan for the crop care business. M&M will invest in the JV through its subsidiary, Mahindra Agri Solutions Limited (MASL),

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