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Wednesday, September 9, 2015

Equity Tips
JSW Energy buys JP Power's projects for Rs9,700 crore
JSW Energy buys JP Power's 2 hydro projects for Rs9,700 crore - Positive for JSW Energy.JSW Energy bought two hydro power projects of Jaiprakash Power for Rs9,700 crore. The two projects are 300 MW Baspa-II and 1,091 MW Karcham Wangtoo in Himachal Pradesh. Besides, JSW Energy has also entered into a binding agreement with JPVL to acquire 500 MW Bina thermal power plant in Madhya Pradesh. This will increase capacity of JSW Energy while helping JP Power to reduce its debt.

M&M close to buy Italian design firm Pininfarina
Mahindra & Mahindra ( M&M) is close to buying Italian design firm Pininfarina as per media reports. The Indian company is in talks with the Pininfarina’s creditor banks.

Tara Jewels announces new orders worth Rs 53.44 crore
Tara Jewels Ltd’ announces new orders worth $8 million (Rs53.44 crore) for delivery to Walmart U.S.A., for the supply of diamond studded jewellery.
                                                                                                                                                                                                                                                   
M&M inks MoU with Govt. of Tamil Nadu
Mahindra & Mahindra( M&M) has announced that the Company is signing an MOU with the Government of Tamil Nadu wherein it commits to invest Rs2,000 crore including its investments in Mahindra Research Valley ( MRV), a new Test track for MRV and an automotive plant to meet the Company's future needs over the next 5 years.
                                                   
Hero MotoCorp up on launching first global manufacturing facility
Hero MotoCorp rose over 2%, touching to Rs2369.8, after the company said that its first global manufacturing facility at Villa Rica, in Colombia became operational yesterday, September 08, 2015.

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