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Bharti Airtel to slash direct stake in Infratel
Bharti Infratel Ltd said on Tuesday mobile carrier and its majority shareholder Bharti Airtel Ltd will lower its direct stake in the telecom tower company by more than a half.

Airtel's unit Nettle Infrastructure Investments will buy an up to 32 per cent stake in Bharti Infratel by March 18, Infratel said in an exchange filing.

Airtel will own an

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Boeing shares dive after second deadly 737 MAX 8 crash
Shares of Boeing Co slid 9 percent in pre-market trading on Monday as many airlines grounded the planemaker's best selling 737 MAX 8 passenger jet following the second deadly crash involving the plane.

A Nairobi-bound Boeing 737 MAX 8 operated by Ethiopian Airlines crashed minutes after takeoff from Addis Ababa on Sunday, killing all 157 on board.

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Buy ITD Cementation India, target Rs 142: Ruchit Jain
Ruchit Jain of Angel Broking has a buy call on ITD Cementation India with a target price of Rs 142.

The current market price of ITD Cementation India is Rs 133.30.

Time period given by the analyst is two weeks when ITD Cementation India price can reach the defined target.

Ruchit Jain recommended keeping a stop loss at Rs 112.

"Along with the

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Share market update: Auto shares in the green; Ashok Leyland up 2%
NEW DELHI: Auto shares were trading in the green in Tuesday's morning session.

Shares of Ashok Leyland (up 2.10 per cent) , Apollo Tyres (up 1.91 per cent) , Maruti Suzuki India (up 1.70 per cent) and Tata Motors (up 1.65 per cent) were the top performers in the index.

Tata Motors (up 1.13 per cent) , MRF (up 0.81 per cent) , Bosch (up 0.74 per

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IDBI Bank rises on turnaround plan, report of NPA asset sales
Shares of IDBI Bank rose as much as 4.8 per cent to Rs 45.45 on Monday.

IDBI Bank along with majority shareholder Life Insurance Corp of India is working out a turnaround plan by "leveraging" their "mutual business synergies", the state-run lender said on Sunday.

The plan included "rationalising" common subsidiaries in mutual funds and life

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Sensex jumps 250 points on pre-election rally; Nifty tops 11,100
NEW DELHI: Headline indices Sensex and Nifty opened with healthy gains on Monday even as Asian peers reflected sombre mood on concerns over the health of global economy.

Sensex jumped 250 points, a day after the Election Commission of India announced the dates for general elections 2019. Analysts say while Asian markets are down after US payrolls

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HDFC Life slips 4% as two-day OFS kicks off
NEW DELHI: Shares of HDFC Life Insurance Company slipped nearly 4 per cent on Tuesday morning as Standard Life, the joint venture partner in HDFC Life Insurance, was set to sell close to 5 per cent stake in the company to meet public shareholding norm.

"The share sale will fetch around Rs 3,570 crore to Standard Life. The floor price for the

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IRDAI seeks proposal from LIC on IDBI Bank stake reduction
New Delhi: Insurance regulator IRDAI Monday said it has sought proposal from Life Insurance Corporation of India (LIC) for paring its shareholding in the recently acquired controlling stake in IDBI Bank.

Insurance Regulatory and Development Authority of India (IRDAI) stipulates that insurers are allowed to hold only up to 15 per cent stake in any

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Buzzing stocks: Suzlon Energy, RIL, TCS, REC, NALCO
NEW DELHI: Suzlon Energy with over 0.99 crore shares changing hands was leading among the most traded stocks on NSE on Monday.

Shares of NALCO (number of shares traded: 0.52 crore) , REC (number of shares traded: 0.39 crore) , Reliance Power (number of shares traded: 0.32 crore) , FCS Software (number of shares traded: 0.20 crore) , Reliance

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Share market update: PSU Bank shares gain; Indian Bank rises over 3%
NEW DELHI: Shares of PSU banks were trading in the positive zone in Tuesday's morning session.

Shares of Indian Bank (up 3.53 per cent) , Vijaya Bank (up 2.11 per cent) , IDBI Bank (up 1.56 per cent) and Union Bank of India (up 1.21 per cent) were the top performers in the index.

Bank of India (up 1.03 per cent) , Syndicate Bank (up 0.78 per cent)

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Share market update: Telecom shares rise; Bharti Airtel jumps 5%
NEW DELHI: The S-P BSE Telecom index was up in Monday's afternoon session with most of its components trading in the green.

Shares of Bharti Airtel (up 4.97 per cent), Vodafone Idea (up 4.63 per cent), GTL Infrastructure (up 4.26 per cent) and Bharti Infratel (up 3.84 per cent) were trading with gains.

Vindhya Telelinks (up 2.88 per cent),

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Mumbai: India is bracing for a bout of overseas inflow into debt securities with long-term foreign portfolio investors likely to pump in at least $5 billion this calendar year through the new Voluntary Retention Route (VRR), which comes into effect on Monday.

The offshore money expected through VRR, which offers higher operational flexibility

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Jet Airways rises 2% on Rs 4,000-crore rescue plan
NEW DELHI: Shares of Jet Airways rose 2 per cent on Tuesday morning on reports that 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 would step down from the board and all executive positions.

The scrip hovered at Rs 253.15, up 2.06 per

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Buy Eicher Motors, target Rs 25,450: Aditya Agarwala
Aditya Agarwala of YES Securities has a buy call on Eicher Motors with a target price of Rs 25,450.

The current market price of Eicher Motors is Rs 22,415.

Time period given by the analyst is two weeks when Eicher Motors price can reach the defined target.

Aditya Agarwala recommended keeping a stop loss at Rs 20,700.

"On the weekly chart, Eicher

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IDBI Bank puts its MF, insurance units on the block
Mumbai: IDBI Bank has put on the block its insurance and mutual fund businesses as it seeks to increase the capital base after Life Insurance Corporation acquired over 51 per cent stake in the bank.

The bank has taken several steps as part of the strategic alliance to create a ‘one-of-its-kind’ financial conglomerate in the Indian banking space wit

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Citadel Realty, Seasons Textiles among top losers on BSE
NEW DELHI: The domestic equity benchmark BSE Sensex was trading 321.73 points up at 37,375.83 on account of buying in frontline bluechip counters.

Shares of Seasons Textiles (down 12.27 per cent) , Tainwala Chemicals (down 10.27 per cent) , Arnold Holdings (down 9.93 per cent) , D - H India (down 9.76 per cent) , Ushdev International (down

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Birla Corp shares drop up to 14% following NGT order to stop mining at Chittorgarh
Shares of Birla Corporation slumped up to 14 per cent during intra-day trade on Monday after National Green Tribunal (NGT) ordered the firm to stop all mining activities being carried on within the municipal limits of Chittorgarh City. On BSE, the scrip after opening on a negative note further declined 14.11 per cent to Rs 485.10 during the day.

S

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Mumbai: The insurance regulator is set to revamp rules governing Ulip schemes for the first time in seven years as it tries to improve the product proposition. The regulator, Insurance Regulatory Development Authority of India (Irdai), is likely to tweak Ulips, pension plans and traditional products. It is likely to relax norms on buying annuity
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Sensex jumps 460 points, Nifty tops 11,300 on positive global sentiment
NEW DELHI: Not much changed for Indian equity market overnight as the equity benchmarks Sensex and Nifty witnessed a gap-up opening on Tuesday, a day after logging healthy gains due to across the board buying.

Indian equities, which is already going through the phase of a pre-election rally, got a boost from positive global sentiment after the

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Dalal Street may have just completed its longest rally in last 10 years, with BSE Sensex climbing some 345 per cent since March 2009, but investors have made money at a much slower pace compared with its previous spells.

The rally tested investors’ patience all through, and garnered an average of 0.70 per cent return a week, the least compared w

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Nifty enjoys crucial support at 10,585 and 10,534 levels
By Sameet Chavan Technical charts suggest an upward trend towards 11,300–11,350 levels for the benchmark Nifty; while stocks such as Hero MotoCorp, Maruti, Lupin, Biocon, Equitas and MCX are expected to see potential upsides of over 5%, according to analysts.

Where are We After an extended weekend, our markets opened flat despite SGX Nifty suggest

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European shares bounce back helped by bank merger talk
MILAN: European shares recovered on Monday with merger talk lifting the battered banking sector and helping offset lingering worries over a slowdown in the global economy, while a crash of a Boeing 737 MAX hit shares in its French engine maker Safran.

The pan-European STOXX 600 index was up 0.3 per cent by 0831 GMT, having hit its lowest since

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Nikkei bounces after 4 days of losses, growth worries limit rise
TOKYO: Japan's Nikkei share average snapped a four-session losing streak on Monday, although gains were limited as much weaker-than-expected US job data dimmed the outlook for the global economy.

The Nikkei ended the day up 0.47 per cent at 21,125.09. The index crawled back towards a three-month peak of 21,860.39 scaled a week ago.

"Stock prices

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Trading MMT in Wall Streetgreat unknown
By Brian Chappatta

There’s no avoiding it: If you work on Wall Street, you should probably have an opinion on modern monetary theory.

Just this week alone, BlackRock Inc. Chief Executive Officer Larry Fink weighed in, calling it “garbage,” while former New York Federal Reserve President Bill Dudley reiterated that it’s a “crackpot theory.” Larry Sum

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China stocks rebound on central bank's policy boost hopes
SHANGHAI: Chinese shares rebounded on Monday, after suffering heavy losses in the previous session, after the central bank governor pledged more support for a slowing economy.

The Shanghai Composite index closed up 1.92 per cent at 3,026.99 points. The blue-chip CSI300 index was up 1.98 per cent, with its financial sector sub-index higher by 0.64

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This bank with worst asset quality is waging a war on bad loans
By Anto Antony

IDBI Bank, the lender with India’s worst bad-loan ratio, is seeking to curtail its soured debt by selling Rs 100 billion ($1.4 billion) of stressed assets and stepping up efforts to recover dues from delinquent borrowers.

“We have set up a war room to focus on recovering the non-performing loans while another team is keeping a check o

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Buy InterGlobe Aviation, target Rs 1,300: Manas Jaiswal
Manas Jaiswal of manasjaiswal.com has a buy call on InterGlobe Aviation Ltd. with a target price of Rs 1300. The current market price of InterGlobe Aviation Ltd. is Rs 1243.9. Time period given by the analyst is Intra Day when InterGlobe Aviation Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 1210.
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Indian Overseas Bank, Central Bank jump over 4% on rating upgrades
NEW DELHI: Shares of Indian Overseas Bank and Central Bank Of India jumped over 4 per cent on Monday after ratings agency Moody's upgraded their long-term local and foreign currency deposit ratings to Ba2 from Ba3.

Shares of Indian Overseas Bank closed at Rs 15.01 up 3.23 per cent while Central Bank Of India stood 3.33 per cent higher at Rs 34.10

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Share market update: OMCs trade in the green; HPCL, BPCL among top gainers
NEW DELHI: OMCs were trading in the green in Monday's afternoon session with their sectoral index on BSE in the positive zone.

Shares of Hindustan Petroleum Corporation (up 5.43 per cent), Bharat Petroleum Corporation (up 4.26 per cent), Indian Oil Corporation (up 3.73 per cent) and Oil India (up 2.24 per cent) were the top gainers in the index.

P

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Indian markets have turned positive for the first time since the beginning of 2019. After a 250-point rally last week, supported by a 1 per cent jump in the rupee against the US dollar, the Nifty has returned 1 per cent since January 1 compared to a negative 2 per cent a week ago. In rupee terms, the index is up 1.1 per cent for the year till
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