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Wednesday, June 10, 2015

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Bharti Airtel surges on raising 2G, 3G data prices
Shares of Bharti Airtel rose over 2%, touching to Rs 418.1, on reports that the telecom major has hiked data charges of 2G and 3G services sold on-line by 13-18% for its pre-paid customers.
The 3G charges for 1GB have been hiked to Rs299 against Rs255 earlier valid for a period of 28 days. Further, 2G charges for 1GB has been raised to Rs199 compared with Rs176 valid for a period of 28 days.
                                                                                     
L&T Finance gains on reports of stake sale plan
Shares of L&T Finance Holdings rose over 2%, touching to Rs61.7, on reports stating that the financial services unit of engineering major L&T is in talks to sell a minority stake to Bain Capital, one of the world's leading private, alternative asset management firms. On signing the deal, Bain Capital would have to pay approximately $350 million. The company desires to expand beyond business outsourcing and manufacturing and foray into financial services in India.

DLF to sell DT Cinemas business to PVR; stk up
Shares of DLF rose over 4%, to Rs115.4, after company's subsidiary, DLF Utilities, has entered into definitive agreements to sell DT Cinemas to PVR, on a slump sale basis. DLF announced that its subsidiary, DLF Utilities has entered into definitive agreements to sell its cinema exhibition business operated under the brand name of 'DT Cinemas', to PVR, on a slump sale basis for an aggregate consideration of Rs 500 crore approximately.

United Bank of India reduces base rates; stk up
United Bank of India rose nearly 3%, touching to Rs22.95, after the bank said it has reduced its base rate from 10% to 9.9% with effect from June 19, 2015.
                                                                                               
Pharma: Certain nutritional supplements rejected by FSSAI
Pharma: Certain nutritional supplements rejected by FSSAI (negative for Sun Pharma and Biocon) .Food Safety and Standards Authority of India ( FSSAI) rejects key brands like Re vital (Ranbaxy), Xtralgo (Sun Pharma) and Bromalain (Bioocon) on the ground of containing high levels of sugar, caramel, salt or heavy metals, caffeine and iron fillings.

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