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Monday, April 6, 2015

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RBI bi-monthly monetary policy on April 07
Reserve Bank of India ( RBI) bi-monthly monetary policy – On April 07, 2015. RBI will release its monetary policy review and as per Bloomberg survey, the repo rates may be kept unchanged.However market participants expect some easing in CRR ( cash reserve ratio) rates which will help in better transmission of rates by banks.

L&T Construction wins orders valued at Rs5492 cr
Larsen & Toubro ( L&T) announced that its construction arm won orders worth Rs 5492 crore across various business segments in March 2015.        
                                                                                                  Dr Reddy's to buy select UCB brands for Rs 800 cr
Dr Reddy's Laboratories, has entered into a definitive agreement to acquire a select portfolio of the established products business of UCB, a Belgian biopharmaceutical firm, in the territories of India, Nepal, Sri Lanka and the Maldives for Euro 118 million (close to Rs800 crore).

Aurobindo gains on USFDA nod for Sildenafil Injection
Shares of Aurobindo Pharma rose over to Rs1289.85, after the company said it received approval from the US health regulator to manufacture and market Sildenafil injection in the US market.

HSBC PMI: Services growth slowed in March
The HSBC Services Purchasing Managers' Index ( PMI) eased to 53.0 in March from February's eight-month high of 53.9. A reading above 50 indicates growth, and March was the 11th straight month of expansion.

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