Mon, Nov 25, 2024 9:10 AM
Zomato shares in focus on Sensex inclusion, Rs 8,500 crore QIP approval
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Mahindra Lifespace Developers Ltd has announced the second phase of its industrial park, Origins by Mahindra, in Tamil Nadu, with a joint investment of ₹225 crore with Sumitomo Corporation, to develop a 307-acre park with state-of-the-art facilities, accelerating economic development and sustainable industrialization.
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Bernstein research firm believes that the market's negative reaction to REC and PFC shares due to US SEC allegations against Adani Group is misinformed, as REC's loan exposure to Azure Power is unrelated to the controversy. Bernstein remains optimistic on both REC and PFC, citing opportunities for financing renewable projects.
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Central Bank of India's shares surged 4.7% after the Reserve Bank of India approved its entry into the insurance business through a joint venture with Generali Group, subject to certain conditions. The bank's shares quoted Rs 54.8 per share, with PSU stocks also surging after the BJP-led alliance's victory in the Maharashtra Assembly elections.
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