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Jubilant Foodworks tanks over 4%

The share of Jubilant Foodworks tumbled by over 4% during Wednesday’s trading session on the back of reports that a customer found live bugs in Domino’s Pizza seasoning sachet.

On September 10, a customer from Delhi posted a video of bugs crawling out of a Domino’s Pizza seasoning packet on Facebook.

PSU bank merger should follow balance sheet clean-up: Rajan

The merger of PSU banks should be done only after balance sheets are cleaned up and they are nursed back to health with adequate capitalisation, said former RBI governor Raghuram Rajan while interacting with a national news agency.

He was responding to a question on the government’s push for consolidating public sector banks with an aim to create fewer and larger banks.

Bharat Forge fixes record date for bonus issue

Bharat Forge announced that the company has fixed September 30, 2017 as the record date and September 28, 2017 as the ex-date for the purpose of issue of Bonus Equity Shares of the company in the ratio of 1:1, subject to the approval of members through postal ballot.

SEBI appoints committee to curb non-compliance by listed companies

In a bid to tackle the exploitation of loop-holes by listed companies while appearing to be in compliant with regulations, markets regulator Securities and Exchange Board of India’s (SEBI) Corporate Governance Committee may put a cap on the number of subsidiaries of the listed companies.

The committee has expressed concern on the large number of subsidiaries that many listed companies hold.

Idea Cellular gains post block deal

Idea Cellular witnessed a block deal of 42 lakh shares traded on 3 blocks on BSE at Rs 80.25 – 80.70 per share.

Idea Cellular has attracted a total traded volume of 1, 02, 78,013 shares and traded value of Rs 8,240.91 lakh as of 1132 hours on Wednesday.

Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs 5 crore, executed through a single transaction, on the special “Block Deal window”.

ITC plummets despite plan to foray into vegetables segment

The stock witnessed a dip despite reports that the company may foray into vegetables domain by creating a new brand. The company is also planning to launch fruit pulps and juices in order to become top food company in India.

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