Latest News
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1:5 & 1:2 Split, Rs 6/Sh Dividend: Fertilizer Stock Coming Up With 600% Payout; Record, Payment Dates Fixed -
Cube Highways Trust Set to Acquire Seven Highway Assets Worth Rs 5,172 Crore -
1:10 Split, Rs 51 Dividend: Accumulate Tata Stock, TP Rs 170; Big Update On £1.25 Bn Investment -
Tech Mahindra Sets Three-Year Plan for Robust Growth and Market Leadership by FY27 -
Tech Mahindra Q4 Net Profit Falls 41%, Announces Growth Strategy -
3 Bonus, 1:2 Split, 38 Dividends: Rs 1,915 Midcap IT Stock To Pay 360% Dividend After Q4 Profit Rises -
EU Finds No New ETO Cases in Indian Organic Exports Post-Dec 2020 -
1:5 Stock Split Approved: Defence Stock To Be Cheaper Soon, Shares Zoom 507% In 1-Yr -
Edelweiss Alternatives Expands Portfolio with Bengaluru's MMTP Projects Acquisition -
1:2 Split, 1:1 Bonus, Rs 28/Sh Dividend: Mahindra's IT Stock To Pay 560% Dividend; Check Record, Payment Dates
Business News Round-Up For The Week Ending June 27
Here's a quick look at the business news round-up from India and abroad.
Benchmark stock indices saw a good rally in trade on the back of buying in IT and select private sector banking stocks. The indices closed higher for the second straight week, making gains of 1.15 per cent.
Chinese markets tank
Chinese markets fell sharply in trade as investors sold heavily. The Shanghai Composite has now fallen as much as 16 per cent during June.
Greece worries continue
Worries over a possible Greece default kept markets across the globe on the edge. An outcome of Eurozone ministers meeting is awaited later on Saturday. The Greece PM has called a referendum on creditors demands on July 5.
PM Modi launches a number of schemes
Prime Minister Narendra Modi launched the Smart Cities Mission, Housing for All by 2022 and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) schemes.
The expenditure on these projects is estimated at Rs 4,00,000 crores.
RBI extends the date for withdrawal of Pre-2005 series banknotes
The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes till December 31, 2015. It had, in December 2014, set the last date for public to exchange these notes as June 30, 2015.
Accenture raises forecast
According to a Reuters report Accenture Plc raised its full-year revenue forecast for the third time, reflecting rising demand for the company's consulting and outsourcing services from firms looking to cut costs.
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