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Tuesday, November 18, 2014

Equity Tips
Adani's plan to build $7-billion coal mine gets clearance
As per media reports, the Adani group's proposed plan to build a $7-billion coal mine got cleared by Australia's Queensland state.This announcement, coupled with Adani's MoU with the State Bank of India for funding the development of the Carmichael Mine, reflects the confidence and could be sentimentally positive for Adani Enterprise.

Sugar stock hogs limelight
Shares of sugar manufacturers are in demand on reports that the government is likely to subsidise the production of ethanol for blending with petrol. Bajaj Hindusthan up by 7.78%, Balrampur Chini Mills jumped 8.26%, Dhampur Sugar climbed 6.88% and Shree Renuka surged 7.76%, at 11.53 am.

Sun Pharma recalls 68000 bottles of anti-depression drugs
Sun Pharma is voluntarily recalling 68,194 bottles of its Venlafaxine Hydrochloride Extended-Release tablets, used to treat major depressive disorder, in the US market. As per the information available on the USFDA website, Sun Pharma Global Inc, a unit of the company, is recalling the drug for failing “dissolution specification

Financial Tech announces sale of Bourse Africa, Mauritius
Financial Technologies (India) announced that the Board of FT Group Investments Mauritius ( FTGIPL), wholly owned subsidiary of Financial Technologies (India) ( FTIL) on November 17, 2014 approved the sale of 100% of its stake in Bourse Africa, Mauritius (together with its wholly owned subsidiary Bourse Africa Clear) to Continental Africa Holdings ( CAHL), Mauritius, for $ 40.5 million, subject to certain approvals in Mauritius and in India, as may be applicable.

Mangalam Cement trades higher
The stock has hit a 52-week high at Rs 335 in the late morning deals.Mangalam Cement continues to trade on a strong note for the second consecutive trading session on the BSE after India Capital Fund bought 2.26 per cent stake of the company through open market.

The stock has hit a fresh 52-week high at Rs 335 - up 6.3 per cent. Now, the stock has pared most of its earlier gains, but still trading higher by 3.5 per cent at Rs 362.

Apollo Tyres enters in partnership with football club Manchester United
Apollo Tyres in partnership with football club Manchester United has launched a co-branded tyre. Apollo is the club’s official tyre partner. The move would help to increase visibility for the Apollo brand in Europe and positive for the company.

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