The Construction Arm Of L&T Has Secured Orders From Prestigious Clients

The Construction arm of L&T has secured orders from prestigious clients across different states in India in the range of Rs 1,000 to 2,500 crore.

Bank of Baroda in an exchange filing said the central government will infuse Rs 5,042 crore by way of preferential allotment of equity shares.

Shares of Unichem Laboratories rallied 3 percent after company received final approval for its ANDA, Tadalafil tablets from the United States Food and Drug Administration for a generic version of Eli Lilly’s Cialis.

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Benchmark Indices Are Trading Higher In The Pre-Opening Trade On Thursday

Benchmark indices are trading higher in the pre-opening trade on Thursday.

The Sensex is up 66.14 points or 0.17% at 38199.02, and the Nifty up 13.50 points or 0.12% at 11458.50.

Zee Ent, HCL Tech, Tech Mahindra, Infosys, Indiabulls Housing, Yes Bank, HPCL, BPCL, IOC, GAIL, Eicher Motors are among major gainers, while losers are Tata Motors, ONGC, JSW Steel, IndusInd Bank, Power Grid, Cipla, HDFC Bank and Tata Steel.

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Wall Street Ends Lower: US Stocks Eased On Wednesday

US stocks eased on Wednesday as Treasury bond yields fell again and a prolonged inversion in the yield curve fanned fears of a US economic slowdown.

Trends on SGX Nifty indicate a negative opening for the broader indices in India, a fall of 22 points or 0.19 percent. Nifty futures were trading around 11,424-level on the Singaporean Exchange.

Asian share markets were painted red on Thursday as recession concerns sent bond yields spiralling lower across the globe, overwhelming central bank efforts to calm frayed nerves.

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United Breweries Shares Rallied 6 Percent On Wednesday

United Breweries shares rallied 6 percent on Wednesday after a media report indicated that Heineken raised its stake in company.

Shares of Sheela Foam tanked 6 percent on March 27 after two promoters of the company decided to sell 8.68 percent stake in the company via offer for sale on March 27-28.

Shares of Wockhardt added 5 percent after company received clearance certificate from Ireland drug regulator.

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The Sensex Is Up 171.44 Points At 38404.85, While Nifty Is Up 40.50 Points At 11523.80

The Sensex is up 171.44 points at 38404.85, while Nifty is up 40.50 points at 11523.80. About 559 shares have advanced, 239 shares declined, and 31 shares are unchanged.

IOC, Yes Bank, IndusInd Bank, IOC, HDFC Bank, SBI, HUL are among major gainers on the indices, while losers are Rel Comm, REC, BPCL and HPCL.

Nifty Bank has reported a record high with index trading above 30000 level.

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Asian Shares Slipped On Wednesday, Giving Up Their Small Gains Made The Previous Day

Asian shares slipped on Wednesday, giving up their small gains made the previous day, as investors tried to come to terms with a sharp shift in US bond markets and the implications for the world's top economy.

US stocks gained on Tuesday, with financials snapping a five-day losing streak as Treasury yields stabilized above 15-month lows.

Trends on SGX Nifty indicate a flat to negative opening for the broader indices in India. Nifty futures were trading around 11,504-level, down 20 points, on the Singaporean Exchange.

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Jet Airways Shares Continued To See Buying Interest

Jet Airways shares continued to see buying interest, rising another 9 percent in morning after lenders took control of company's board and Naresh Goyal stepped down as Chairman.

Jet Airways founders Naresh Goyal and wife Anita Goyal have stepped down from the board of the cash-strapped airline on March 25. With this, Naresh Goyal ceases to be Chairman.

Apart from the Goyals, one nominee of Etihad Airways PJSC, Kevin Knight has also stepped down from the board, Jet Airways said in its BSE filing after its board meeting. Two nominee directors representing lenders have been inducted into the board.

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L&T Hydrocarbon Engineering Limited, A Wholly Owned Subsidiary Of Larsen & Toubro

L&T Hydrocarbon Engineering Limited, a wholly owned subsidiary of Larsen & Toubro, has won a large order from Tawfiq Coke Products-Oman, the company said in its filing.

The contract scope includes selection of technology licensor, FEED & EPC for a 2 x 225,000 TPA plant of calcined coke from green pet coke.

"This award will further reinforce L&T’s operations in Oman and provide an opportunity to contribute to the expansion of industrial facilities in Sohar," L&T said.

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Asian Shares Were Shaky After US Treasury

Asian shares were shaky after US Treasury yields sank to their lowest since late 2017, further below short-term interest rates and adding to fears of a US recession.

MSCI’s broadest index of Asia-Pacific shares outside Japan was flat in early trade after two days of losses. Japan’s Nikkei rebounded 1.1 percent after a 3.0 percent fall on Monday.

Investors have been spooked by sharp falls in US bond yields and an inversion of the US Treasury yield curve, which is widely seen as an indicator of an economic recession.

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Indian Oil Along With Bharat PetroResources, A Subsidiary Of Bharat Petroleum

Indian Oil along with Bharat PetroResources, a subsidiary of Bharat Petroleum acting jointly as a consortium have been awarded 100 percent stake in the Abu Dhabi Onshore Block 1 Concession.

The Concession has been awarded by the Supreme Petroleum Council, on behalf of the Abu Dhabi government

The Indian Consortium will make an investment of $170 million for the exploration activities.

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Lupin Limited Announced That It Has Received Approval For Its Sildenafil Tablets

Lupin Limited announced that it has received approval for its Sildenafil Tablets USP, 25 mg, 50 mg, and 100 mg from the United States Food and Drug Administration to market a generic version of Pfizer Inc’s Viagra Tablets, 25 mg, 50 mg, and 100 mg.

Lupin’s Sildenafil Tablets USP, 25 mg, 50 mg, and 100 mg, is the generic version Pfizer Inc’s Viagra Tablets, 25 mg, 50 mg, and 100 mg. Sildenafil Tablets are a phosphodiesterase-5 inhibitor indicated for the treatment of erectile dysfunction.

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Benchmark Indices Are Trading Lower In The Pre-Opening With Nifty

Benchmark indices are trading lower in the pre-opening with Nifty below 11,450 level.

At 09:02 hrs IST, the Sensex is down 70.75 points at 38,093.86, while Nifty is down 22.50 points at 11,434.40.

SBI, ICICI Bank and RIL are trading lower, while Bharti Airtel, Bharti Infratel and HCL Tech are trading higher in the pre-opening session.

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The Investment Trust Of India Rallies 17% On ITI Reinsurance Share Buyback

Shares of The Investment Trust of India rallied 17 percent intraday on March 22 after the company on March 20 bought back equity shares worth Rs 54.36 crore of ITI Reinsurance Limited, making it a wholly-owned subsidiary of the company.

The Investment Trust of India in its BSE release said that the company has bought back 5,43,60,000 equity shares of Rs 10 each from ITI Reinsurance, a material subsidiary of the company.

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Trends On SGX Nifty Indicate A Flat Opening For The Broader Indices In India

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 8 points or 0.07 percent. Nifty futures were trading around 11,584-level on the Singaporean Exchange.

Asian shares advanced on Friday after upbeat data and optimism in the tech sector lifted Wall Street stocks, helping calm some of the jitters sparked by the Federal Reserve's cautious outlook on the world's biggest economy.

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The Market Remained Shut On Thursday On Account Of Holi

The market remained shut on Thursday on account of Holi.

The Sensex is up 126.22 points at 38512.97, while Nifty up 40 points at 11561. About 612 shares have advanced, 298 shares declined, and 40 shares are unchanged.

Indiabulls Housing, NTPC, Yes Bank, Grasim Industries, Bajaj Finserv, L&T, JSW Steel, Eicher Motors are among major gainers on the indices, while losers are Coal India, TCS, Maruti Suzuki, Adani Ports, HUL, Bharti Infratel and Wipro.

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Jet Airways In Focus: Lenders To The Airline Will Look For Equity Infusion

Lenders to the airline will look for equity infusion from a new investor to replace Etihad, reported CNBC-TV18, quoting sources. The new investor is likely to be an investment fund.

Banks may initiate talks with few investment funds that conducted due diligence on the company. Also lenders are looking at option of asking Etihad, Naresh Goyal to pledge their shares.

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The Sensex Is Up 9.74 Points At 38373.21, While Nifty Is Up 0.90 Points

The Sensex is up 9.74 points at 38373.21, while Nifty is up 0.90 points at 11533.30. About 391 shares have advanced, 235 shares declined, and 41 shares are unchanged.

Vedanta, Infosys, L&T, TCS and Axis Bank are the top gainers on the Sensex.

Dilip Buildcon is down over 3 percent, prompting the BSE to ask for a clarification from the company. The exchange has sought similar clarifications from Quadrant Televentures, Pro Fin Capital Services and Amrit Corp on significant price movement.

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Asian Shares Got Off To A Cautious Start On Wednesday

Asian shares got off to a cautious start on Wednesday, holding close to six-month highs on hopes the US Federal Reserve will stick to a dovish stance and unveil a plan to stop cutting bond holdings later this year.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a fall of 9.5 points or 0.08 percent. Nifty futures were trading around 11,566.50-level on the Singaporean Exchange.

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Mindtree Falls As L&T Announces Acquisition Of Company's Stake

Shares of Mindtree fell 1 percent in early trade on Tuesday after L&T said on March 18 it would buy 20.32 percent stake at Rs 980 per share in Mindtree for Rs 3,269 crore.

Larsen and Toubro also made an open offer for acquisition of up to 5,13,25,371 fully paid up equity shares having a face value Rs 10 of Mindtree representing 31 percent of the voting share capital at Rs 980 per share, as company BSE Release.

L&T has appointed Axis Capital and Citigroup Global Markets India as the managers to the open offer.

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Indian Indices Opened Higher On Tuesday With Nifty

Indian indices opened higher on Tuesday with Nifty hovering around 11,500 level.

The Sensex is up 108.79 points at 38203.86, while Nifty is up 18.80 points at 11481. About 557 shares have advanced, 296 shares declined, and 44 shares are unchanged.

Gainers include Sun Pharma, BPCL, RIL, Bharti Airtel, SBI, Axis Bank, PNB, Canara Bank, while losers are Maruti Suzuki, Eicher Motors, ICICI Bank, Hero Moto, M&M, Bajaj Auto and L&T.

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Wall Street Ends Higher: Banks And Tech Helped Lead

Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week's US Federal Reserve meeting for affirmation of its commitment to "patient" monetary policy.

Asian shares treaded water on Tuesday ahead of a US Federal Reserve policy meeting, hovering near six-month highs, while sterling was choppy as the speaker of Britain's parliament banned another vote on same Brexit deal.

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Shares Of Mindtree Gained More Than 2 Percent In The Early Trade

Shares of Mindtree gained more than 2 percent in the early trade on March 18 as company board is scheduled to consider the buyback proposal on March 20.

The share price of Grasim Industries fell nearly 3 percent on the back of notice from the Income Tax department.

The company received an order issued by the Deputy Commissioner of Income Tax raising a demand of Rs 5,872.13 crore on account of dividend distribution tax.

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Trends On SGX Nifty Indicate A Positive Start For The Broader Indices In India

Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 26.50 points or 0.23 percent. Nifty futures were trading around 11,500.50-level on the Singaporean Exchange.

Trends on SGX Nifty indicate a positive start for the broader indices in India, a gain of 26.50 points or 0.23 percent. Nifty futures were trading around 11,500.50-level on the Singaporean Exchange.

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Benchmark Indices Firm In The Pre-Opening Trading With Nifty

Benchmark indices firm in the pre-opening trading with Nifty above 11,450 level.

The Sensex is up 56.94 points at 38081.26, while Nifty is up 49.90 points at 11476.80.

Dish TV and MindTree gained in the pre-opening session, while Jet Airways and Grasim Industries fell 10 percent each.

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Yes Bank Shares Rallied Nearly 4 Percent In The Morning Trade

Yes Bank shares rallied nearly 4 percent in the morning trade on March 14 after global investment firm Deutsche Bank revised its price target for the stock upwards to Rs 300 from Rs 280 earlier.

The company today redeemed commercial papers amounting to Rs 50 crore and further will be redeeming commercial papers amounting to Rs 35 crore on March 14, 2019.

The company will be opening a new Digital Innovation Center in Bucharest, Romania. The center will focus on developing offerings for clients based on cutting-edge digital technologies including Cloud, Big Data, Artificial Intelligence and Machine Learning.

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The Sensex Is Up 131.80 Points At 37883.97, While Nifty Is Up 32.80 Points

The Sensex is up 131.80 points at 37883.97, while Nifty is up 32.80 points or 0.29% at 11374.50. About 566 shares have advanced, 268 shares declined, and 56 shares are unchanged.

DHFL gained 5 percent, followed by Lemon Tree, Lupin, Zee Ent, Indianbulls Housing, HCL Tech, Axis Bank, Yes Bank, Infosys are among the major gainers on the indices, while losers include Power Grid, BPCL, Tata Motors, Adani Ports and HPCL.

Among the sectors, FMCG, infra and energy are trading marginally lower, while IT, metal, pharma, and auto witnessing buying interest.

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Asian Shares Paused On Thursday As Investors Awaited Data From China

Asian shares paused on Thursday as investors awaited data from China for clues about the health of the world's second largest economy while the pound shot up to near nine-month highs as the risk of a no-deal Brexit receded following a late-night vote.

Trends on SGX Nifty indicate a flat opening for the broader indices in India, a gain of 7 points or 0.06 percent. Nifty futures were trading around 11,390.50-level on the Singaporean Exchange.

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Benchmark Indices Are Trading Higher In The Pre-Opening

Benchmark indices are trading higher in the pre-opening, with Nifty around 11,330 level.

The Sensex is up 103.20 points at 37638.86, and the Nifty up 30.10 points at 11331.30.

JSW Steel and Vedanta are trading lower in the pre-opening session, Asian Paints, DLF are trading higher.

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Trends On SGX Nifty Indicate A Flat To Negative Opening For The Broader Index

Trends on SGX Nifty indicate a flat to negative opening for the broader index in India, a fall of 18.50 points or 0.16 percent. Nifty futures were trading around 11,313.50-level on the Singaporean Exchange.

The S&P 500 and Nasdaq rose on Tuesday after tame inflation data underscored the Federal Reserve's dovish stance on rate hikes, but the Dow ended down as Boeing's shares sank for a second day after one of its planes crashed in Ethiopia.

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Jet Airways Gains 2% On Report Of Capital Infusion By Etihad

Jet Airways shares gained 2 percent on Tuesday morning after a media report indicated Etihad Airways and NIIF will invest nearly Rs 4,000 crore in the cash-strapped airline company.

The stock was quoting at Rs 254, up Rs 5.95, or 2.40 percent on the BSE, at 09:20 hours IST.

"Etihad Airways and a new partner will together invest nearly Rs 4,000 crore to revive beleaguered Jet Airways while founder-promoter Naresh Goyal and his wife will step down from the board.

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Benchmark Indices Are Trading Higher In The Pre-Opening Session

Benchmark indices are trading higher in the pre-opening session with Nifty at around 11,230 level.

The Sensex is up 167.02 points at 37221.12, while Nifty up 62.10 points at 11230.10.

Tata Motors, HCL Tech, JSW Steel, Vedanta, Indiabulls Housing, Bajaj Finance, Hero Moto are among major gainers in the pre-opening trade.

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Wall Street Ends Higher: US Stocks Jumped On Monday

US stocks jumped on Monday as the technology sector led a broad-based rebound following five straight sessions of losses, but a fall in Boeing's shares limited the Dow's advance after a deadly airline crash in Ethiopia.

The pound jumped on Tuesday and Asian shares rose after the European Commission agreed to changes in a Brexit deal ahead of a vote in the British parliament on a divorce agreement.

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Ashoka Buildcon's Subsidiary Ashoka Concessions Limited Has Received A Letter Of Award

Ashoka Buildcon's subsidiary Ashoka Concessions Limited has received a Letter of Award from National Highways Authority of India Hybrid Annuity Mode under Bharatmala in the State of Karnataka. The accepted Bid Project Cost is Rs1382 Crore.

GMR Infrastructure shares gained 1.5 percent after company's subsidiary GMR Airports received the formal letter of award from MIHAN India, the concessioning authority for the Nagpur Airport.

Shares of Dilip Buildcon rose 6 percent in the early trade on Monday after company declared as lowest bidder for the project in the state of Maharashtra.

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The Sensex Is Up 212.54 Points At 36883.97, While Nifty Up 68.90 Points

The Sensex is up 212.54 points at 36883.97, while Nifty up 68.90 points at 11104.30. About 739 shares have advanced, 208 shares declined, and 53 shares are unchanged.

Sadbhav Infra, GMR Infra, Jet Airways, Dilip Buildcon, SBI, ONGC, IOC, Titan, Dr Reddy’s Lab, Bharti Infratel, JSW Steel, Hero Moto, are some of the gainers on the indices, while lowers are Kotak Mahindra Bank, CG Power, Reliance Infra, TCS, Nalco and REC.

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Asian Shares Pulled Back On Monday After US Employment Data Raised

Asian shares pulled back on Monday after US employment data raised doubts about the strength of the global economy while investor jitters ahead of crucial Brexit votes in the UK parliament this week weighed on the pound.

Oil prices rose on Monday, lifted by Saudi oil minister Khalid al-Falih saying an end to OPEC-led supply cuts was unlikely before June and a report of falling US drilling activity.

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Shares Of Zensar Technologies Gained 4 Percent After Company Selected As IT

Shares of Zensar Technologies gained 4 percent after company selected as IT transformation partner by US company.

The company has been selected by Vyaire Medical as their IT transformation partner to deliver a combination of IT Infrastructure operations and Cloud transformation, application maintenance and application development initiatives.

Shares of Suven Life Sciences gained 2 percent after company entered into a stalking-horse asset purchase agreement to buy the assets of Aceto Corporation’s Rising Pharmaceuticals and Rising subsidiaries through its joint venture partner Shore Suven ​Pharma, Inc.

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Tata Motors Falls 4% After Weakness In China Drags JLR Global Sales 4%

Tata Motors shares declined nearly 4 percent in morning on Friday after the Jaguar Land Rover's global sales performance dented by China.

US-based luxury car maker Jaguar Land Rover said its retail sales in February 2019 fell 4.1 percent to 38,288 vehicles, compared to February last year.

"Strong sales of I-PACE, E-PACE, refreshed Range Rover and Range Rover Sport were offset by overall weak customer demand in China as well as the run out of the old Range Rover Evoque," it reasoned.

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The Sensex Is Down 6.09 Points At 36719.33, While Nifty Is Down 14 Points At 11044.20

The Sensex is down 6.09 points at 36719.33, while Nifty is down 14 points at 11044.20. About 560 shares have advanced, 404 shares declined, and 61 shares are unchanged.

Wipro, Tata Motors, Tata Steel, Hindalco, Vedanta, Asian Paints, Maruti Suzuki, are among major gainers on the indices, while losers are M&M, ITC, HUL, Jet Airways, DHFL, Ashok Leyland and Bharti Infratel.

Among the sectors, auto, bank, metal and IT are trading lower, while FMCG, infra and pharma are witnessing some buying.

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L&T Has Secured Multiple Orders For Its Buildings & Factories

L&T has secured multiple orders for its Buildings & Factories, Metallurgical & Material Handling and GeoStructure Businesses. 

The orders are classified 'Large', they fall in the size bracket of Rs 2,500 to 5,000 crore.

Shares of HFCL added 3.3 percent in the early trade on Thursday after company bagged an purchase order worth Rs 117 crore from Tata Projects for supply of optical fibre cables for creating OFC network infrastructure under Bharat Net Phase-II Project in the state of Chhattisgarh.

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The Sensex Is Up 45.83 Points At 36681.93, While Nifty Is Up 4.40 Points

The Sensex is up 45.83 points at 36681.93, while Nifty is up 4.40 points at 11057.40. About 557 shares have advanced, 285 shares declined, and 45 shares are unchanged.

IndusInd Bank, Power Grid, HPCL, IOC, BPCL, Tata Motors, Titan, Zee Ent, Gail, Bharti Airtel are some of the gainers in the early trading session, while losers include Biocon, Indiabulls Housing, Tata Steel, Vendata, JSW Steel.

Among the sectoral indices, metal index is under pressure with 1 percent cut, followed by auto, pharma and PSU Bank, while some buying is seen in the energy, infra, FMCG and IT.

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Trends On SGX Nifty Indicate A Flat Opening For The Broader Index

Trends on SGX Nifty indicate a flat opening for the broader index in India, a fall of 1 points or 0.01 percent. Nifty futures were trading around 11,096-level on the Singaporean Exchange.

Wall Street's main indexes fell for a third session on Wednesday, with the S&P 500 posting its biggest one-day decline in a month, as healthcare and energy shares slumped and investors sought reasons to buy after the market's strong rally to start the year.

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Bharat Forge Shares Have Declined Around 2 Percent After The Steep Decline

Bharat Forge shares have declined around 2 percent after the steep decline in North America class 8 truck orders.

North American Class 8 truck orders for February remained subdued for the second consecutive months at 16,700 units, falling sharply by 58 percent compared to same month last year, FTR Transportation Intelligence said.

Company shares rallied more than 12 percent in morning on Wednesday after North American fund manager CDPQ signed deal to invest $250 mn in the company's NBFC subsidiary.

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The Sensex Is Up 158.64 Points At 36601.18, While Nifty Is Up 47.10 Points

The Sensex is up 158.64 points at 36601.18, while Nifty is up 47.10 points at 11034.60. About 777 shares have advanced, 146 shares declined, and 43 shares are unchanged

Wipro, Indiabulls Housing, L&T, HPCL, BPCL, ITC, Vedanta, Grasim, DHFL, are the top gainers on the indices, while losers are Bharat Forge, Reliance Capital

All the sectoral indices are trading green, while midcap and smallcap also up 0.6 percent.

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Asian Stocks Clung To Tight Ranges On Wednesday

Asian stocks clung to tight ranges on Wednesday, as investors awaited fresh directional cues from US-China trade negotiations and a weaker Wall Street finish capped broader gains, while robust US economic data supported the dollar.

Trends on SGX Nifty indicate a flat opening for the broader index in India, a gain of 22 points or 0.20 percent. Nifty futures were trading around 11,055-level on the Singaporean Exchange.

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Shares Of Tata Motors Gained Over 2 Percent In The Early Trade On Tuesday

Shares of Tata Motors gained over 2 percent in the early trade on Tuesday despite company reported weak set of sales numbers for the month February 2019.

Glenmark PharmaceuticalsInc., USA has been granted final approval by the United States Food & Drug Administration for Telmisartan and Hydrochlorothiazide Tablets USP, 40 mg/12.5 mg, 80 mg/12.5 mg, and 80 mg/25 mg.

Water & Effluent treatment business of L&T Construction has secured orders from prestigious clients across varied states in India.

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Benchmark Indices Opened Marginally Lower On Tuesday

Benchmark indices opened marginally lower on Tuesday with Nifty below 10,850 level.

The Sensex is down 99.39 points at 35964.42, while Nifty is down 32.10 points at 10831.40. About 559 shares have advanced, 277 shares declined, and 90 shares are unchanged.

Vedanta, Axis Bank, Power Grid, Coal India, HPCL, BPCL, are among major gainers, while losers include Eicher Motors, L&T, Wipro, Bajaj Auto, Tech Mahindra, Bharti Airtel and Yes Bank.

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Wall Street's Major Indexes Fell On Monday

Wall Street's major indexes fell on Monday, weighed down by a weak US construction spending report and declines in healthcare shares, as an initial rally on optimism over a US-China trade deal faded.

Asian shares stepped back on Tuesday after China cut its economic growth target and pledged measures to support the economy amid growing challenges from rising debt and a dispute over trade and technology with the United States.

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Yes Bank Said Ravneet Gill Has Joined As Bank's MD & CEO Today

Yes Bank said Ravneet Gill has joined as bank's MD & CEO today.

His tenure as approved by RBI is 3 years from the date of his joining, i.e. March 1, 2019 to February 28, 2022.

"The appointment of Mr. Gill will be subject to approval of shareholders' at the ensuing Annual General Meeting of the Bank to be held in the month of June, 2019 on the terms and conditions including remuneration as approved by the Reserve Bank of India," the bank said.

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Auto Components Major Motherson Sumi Systems Said It Will Acquire Bombardier's UK

Auto components major Motherson Sumi Systems said it will acquire Bombardier's UK rolling stock electrical component and systems business in a transaction valued at 10.87 millions pounds.

The company's wholly-owned arm Motherson Rolling Stock Systems GB Ltd has signed a definitive agreement with Bombardier Transportation UK Ltd to acquire the latter's assets in connection with production and installation of electrical components and systems for applications in the rail industry, Motherson Sumi Systems Ltd said in a statement.

These assets also includes manufacturing of wiring harnesses, panel and cabinet build and electromechanical assemblies in Derby, UK, it added.

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Bajaj Auto Showed Strong Growth In February Sales Driven By Exports

Bajaj Auto showed strong growth in February sales, driven by exports.

The company sold 3.93 lakh units in month gone by, higher by 10 percent against 3.57 lakh units sold in same month last year.

Numbers were ahead of Nomura expectation of 3.88 lakh units.

Exports during the month increased 19 percent year-on-year to 1.71 lakh units and domestic sales rose 4 percent to 2.21 lakh units.

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