Monthly Archives: June 2024
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Tata Elxsi stock rises on collaboration with Red Hat to boost network monetisation for telcos
Tata Elxsi has collaborated with Red Hat, a provider of enterprise open-source solutions, to monetise applications and reduce operational expenditures on operations in 5G networks for telcos and enterprises.
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Adani Group’s Ambuja Cements stock surges on Penna Cement acquisition
Shares of Ambuja Cements hit a new high on Friday’s trade following the acquisition of Penna Cement.
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Marine Electricals hits 52-week high on ₹8.02 crore contracts
Shares of Marine Electricals have hit a 52-week high on the NSE of ₹145 after the receipt of contracts worth ₹8.02 crore from Udupi Cochin Shipyard Ltd and Schneider Electric India Pvt Ltd.
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Jindal Stainless to acquire remaining 46% equity stake in Chromeni Steels
Jindal Stainless board has approved the acquisition of the remaining 46 per cent stake in Chromeni Steels Private Limited (CSPL) for a cash consideration of ₹277.90 crore.
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Sensex, Nifty trade flat; Ambuja Cements, M&M, Shriram Finance, Bajaj Auto stocks hit new high
Benchmark indices traded flat after opening lower on Friday. BSE Sensex traded at 76,895.37, up by 84.47 points or 0.11 per cent as of 12.40 pm, and Nifty 50 traded at 23,435.55, up by 36.65 points or 0.16 per cent.
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Zydus Lifesciences gets USFDA approval for Azilsartan Medoxomil and Chlorthalidone tablets
Zydus Lifesciences has received tentative approval from the United States Food and Drug Administration (USFDA) to market Azilsartan Medoxomil and Chlorthalidone tablets, 40 mg/12.5 mg and 40 mg/25 mg.
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LIC stock surges 5% after increasing stake in Dr Reddy’s Laboratories
The stock of Life Insurance Corporation of India surged 5 per cent on Friday, a day after the corporation increased its shareholding in Dr Reddy’s Laboratories.
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EIH Associated Hotels to issue 1:1 bonus shares; stock jumps 7%
The board of EIH Associated Hotels has recommended the capitalisation of reserves by issuing bonus shares in a ratio of 1:1.
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Titagarh Rail Systems commences production for Bangalore Metro Phase 2
Titagarh Rail Systems Ltd (TRSL) has commenced the production of trainsets for Bangalore Metro Rail Corporation Ltd’s (BMRCL) Phase 2 Yellow Line project, as part of a contract with China Railway Rolling Stock Corporation (CRRC).
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Index Outlook: Sensex, Nifty 50: Near-term outlook is positive
Nifty 50, Sensex and the Nifty Bank indices are managing to sustain higher. The benchmark indices moved up last week, but gradually. The indices were up in the range of 0.4-0.75 per cent.