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Tuesday, October 21, 2014

Equity Tips
Government issues draft order to merge NSEL with FTIL
The government has issued a draft order causing the merger of scam ridden National Spot Exchange ltd (NSEL) with its holding company Financial Technologies ltd on account of public interest. In a release issued by the ministry of corporate affairs.

JLR sees 20% growth in China sales this year
British luxury carmaker Jaguar Land Rover Ltd sees sales growth in China roughly halving this year and decelerating even further next year due to a larger base of comparison and slower expansion of the world's largest auto market.

Fiat launches compact SUV Avventura priced up to Rs 8.17 lakh
Fiat Group Automobiles India today launched compact sports utility vehicle Avventura with price ranging from Rs 5.99 lakh to Rs 8.17 lakh (ex-showroom Delhi).

HDFC Bank Q2 net up 20% at Rs 2,380 crore, lags estimates
HDFC Bank Ltd, India's second-biggest private sector lender by assets, on Tuesday reported a 20% rise in quarterly net profit, lagging estimates, due to higher tax expenses and provisioning for loan losses.

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