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Thursday, May 8, 2014

INDIAN BENCHMARK remains range-bound tracking mixed global cues. Bharat Forge announced that its German Subsidiary, Bharat Forge Aluminumtechnik GmbH & Co KG has won a multi-year contract worth Euro 250 million from a German OEM for supply of suspension components.

FURTHER, Tata Motors' Singapore-based subsidiary TML Holdings has raised $300 million (Rs 1,800 crore) through a debt securities issue. Bharti Airtel plans annual capital expenditure of $1 billion in the next few years and will focus on deepening investments in 17 African countries rather than entering new markets.

Trend in FII flows: The FIIs were net buyers of Rs 363cr in the cash segment on Thursday while the domestic institutional investors (DIIs) were net sellers of Rs. 119cr, as per the provisional figures released by the NSE.

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