INDIAN BENCHMARK is a positive start.
The RBI kept the Repo rate and CRR unchanged at 8% and 4% respectively. The National
Stock Exchange has approved the United Spirits Ltd’s proposal for
transfer of a distillery in Tamil Nadu to Chennai- based Enrica Enterprises.
FURTHER, Aurobindo
Pharma Limited stated it had completed the acquisition of certain commercial
operations of NYSE-listed Actavis plc in western Europe. Bharti Airtel is
planning to raise a further around US$2bn through a series of bond issues in
the current financial year, a move aimed at refinancing the telecom
major’s existing debt and lowering finance costs.
Trend in FII flows: The FIIs
were net buyers of Rs.385cr in the cash segment on Tuesday while the
domestic institutional investors (DIIs) were net sellers
of Rs. 247cr, as per the provisional figures released by the NSE.
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