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Thursday, September 11, 2014

Equity Tips
NTPC Board clears over Rs10,000-crore investment
NTPC has approved investment of over Rs10,000 crore for executing two plants Tanda super thermal project worth Rs9200 crore and Rammam Hydro Electric Project worth Rs1400 crore.

IDFC launches QIP Issue; stk rises
Shares of IDFC surged over 5%, after it has opened its qualified institutional placement (QIP) issue for subscription today (September 11, 2014).The company plans to raise Rs2,000 crore from share sale to institutional investors.

Motherson Sumi eyes 15-20% topline growth, 40% RoCE in FY15
Motherson Sumi Systems expects 15-20 percent topline growth along with a 40 percent return on capital employed in this fiscal. Motherson Sumi boasts of winning orders worth 7.7 billion euro worth over the last 3-4 years.

Sun Pharma down 6% on surprise audit by USFDA at Halol unit
Shares of Sun Pharmaceutical Industries fell as much as 6 percent in early trade on US drug regulator's surprise audit at the pharma major's Halol facility in Gujarat.

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