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Tuesday, May 13, 2014

Aurobindo Pharma hits new high
Aurobindo Pharma has surged 5% after the company said the Andhra Pradesh High Court has approved the deal between the company and its wholly-owned subsidiary Curepro Parenterals.

Adani group shares rally on exit poll results

Adani Group companies such as Adani Enterprises, Adani Ports and Special Economic Zone and Adani Power are, trading higher by up to 10% each, after exit polls showed that the Narendra Modi-led NDA could probably win the most seats in national parliamentary elections.

Bank of Baroda gains after robust Q4 numbers

Bank of Baroda gained over 5% after it announced a healthy set of Q4 numbers. The bank reported an uptick of 12.5% in its net profit of Rs 1,157 crore compared to Rs 1,028 crore in the year ago quarter.

Tata Steel plans to raise $1.24 bn

Tata Steel is planning to raise $1.24 bn overseas through the sale of bonds by one of its Singapore entities. This move is part of $7 bn debt refinancing initiative for Tata Steel Europe.

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