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Steel prices are expected to firm up by 6-10 per cent this month wiping out the current domestic discount to the landed cost of imports. (10-0)
3:30 pm Market Closing: Benchmark indices wiped out gains in last hour of trade after further correction in rupee that fell a percent intraday against the US dollar. (33-0)
3:30 pm Market Closing: Benchmark indices closed sharply lower amid brutal sell-off in last hour of trade. (40-0)
3:05 pm Market Update: Benchmark indices extended losses due to further selling pressure in banks, especially after Serious Fraud Investigation Office summons ICICI Bank MD & CEO Chanda Kochhar and Axis Bank MD Shikha Sharma in the Rs 12,700-crore PNB fraud case. (34-0)
1:48 pm Europe Update: European markets opened higher despite uncertainty following Italy's parliamentary election on Sunday which produced a hung parliament. (34-0)
12:20 pm Market Update: Benchmark indices continued to trade higher, but were off day's high due to volatility in banks stocks. (22-0)
11:45 am Crude Oil Update: Oil prices extended gains for the fifth straight day, underpinned by robust demand forecasts and prospects for informal contacts sought by OPEC with US shale oil producers at a key industry meeting in Houston this week. (11-0)
10:45 am Buzzing: Shares of Gitanjali Gems cracked another 5 percent after the Central Bureau of Investigation has detained Vipul Chitalia, Vice President (Banking Operations) of Gitanjali Group, in Mumbai in the Rs 12,700 crore Punjab National Bank fraud case. (9-0)
10:00 am Acquisition: Share price of JSW Energy added 3 percent on acquisition of JSW Electric Vehicles.
Share price of JSW Energy added 3 percent intraday Tuesday on acquisition of JSW Electric Vehicles.
JSW Electric Vehicles is part of diversification strategy of JSW Energy Ltd to foray into electric vehicles, energy storage systems and charging infrastructure, JSW Energy said in a BSE filing on Monday. In August last year, JSW Energy had announced about its venture in the electric vehicles, energy storage systems and associated business, directly or through one or more subsidiaries.
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Suresh P Iyengar Having lost the race to acquire the stressed assets of two Bhushan group companies, JSW Steel is all set to buy out Italy’s second largest steel producer, Aferpi, formerly known as Lucchini SpA, in a deal worth ₹600 crore. (11-0)
In an interview to CNBC-TV18, Prashant Jain, Joint MD & CEO of JSW Energy spoke about the latest happenings in the company and the sector.
3:01 pm Market Update: Benchmark indices wiped out gains in last hour of trade after the rupee extended losses to 64.85 against the US dollar, down 1 percent from previous settlement. (33-0)