L&T Infotech IPO is set to open on July 11 and close
on July 13. The company contributes about 8 percent of the consolidated revenue
of the entire L&T business. CNBC-TV18's Kritika Saxena learns that this IPO
kicks of a series of consolidations that the L&T group is looking at doing.
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Gold slipped
below USD 1320 an ounce as buyers cashed in gains from the biggest two-day
rally in the metal since late 2008 made last week.
The Indian
rupee opened higher by 17 paise at 67.78 per dollar on Wednesday versus
previous close 67.95.
Taxi hailing
app Ola has signed an agreement with Haryana government to create over 10,000 entrepreneurs
in the state with an investment of Rs 350 crore over the period of five years,
the company said today.
The market
breadth was positive as about four shares advanced for every share declining on
Bombay Stock Exchange.
According to Angel Broking,
Rupee is likely to trade sideways to positive as yesterday’s robust release of
GDP and consumer confidence data from the US will keep the DX supported.
Hybrid
instruments include optionally convertible or partially convertible debentures,
Foreign Currency Convertible Bonds - which are intrinsically debt-instruments. The company has bought back
50,77,504 equity shares at an average price of Rs 3,090.92 per share. The
company has thus deployed Rs 1,569.41 crore against the maximum buyback size,
Dr Reddy's Laboratories said in a regulatory filing.
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