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Tuesday, October 28, 2014

Equity Tips
Maruti launches new Swift with better fuel efficiency
Country's largest carmaker Maruti Suzuki India (MSI) today launched refreshed version of its popular hatchback Swift with 10 per cent enhanced fuel efficiency, priced between Rs 4.42 lakh and Rs 6.95 lakh (ex-showroom Delhi).

SoftBank says will invest $627 million in Snapdeal
Japanese telecom and media group SoftBank Corp has agreed to buy a $627 million stake in online retailer Snapdeal, seeking to tap into India's growing e-commerce market.

Pharma companies' premium valuations to sustain
Pharmaceutical companies, which have outperformed the broader markets in the past month, are expected to continue to sustain this trend. Among the factors analysts say will help them, and consequently, their premium stock valuations, are strong growth in the US and a revival in India business.

Tata Steel faces tough choices in Europe
Tata Steel last fortnight announced it has initiated talks with Geneva-based Klesch Group to sell its European long products business. The assets include Scunthorpe steelworks, an engineering workshop and a design consultancy in the United Kingdom, as well as some units in France and Germany. Primary among these is Scunthorpe which accounts for roughly 26 per cent of Tata Steel Europe's production capacity.

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