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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

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.

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),

TOP CORPORATE NEWS- 9 OCT 2018

BHEL wins Rs2,900cr orders for emission control equipment from NTPC Bharat Heavy Electricals Ltd (BHEL) has bagged four orders for emission control equipment from NTPC Ltd. Valued at about Rs2,900cr, these orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx emissions at NTPC’s 3×660 MW North Karanpura, 2×500

CAPITALSTARS INDIAN EQUITY MARKET WRAP UP – 9 OCT 2018

Closing Bell: D-Street ends on a negative note, Nifty holds 10,300; Tata Motors down 13%. Shares resumed their downtrend after a brief pause from the selloff that was seen on Monday. The Nifty ended around 10,300, while the Sensex closed over 170 points lower. There was large-scale selling across automobiles, energy, and FMCG names, while

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