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Reliance tops combined value chart
Reliance tops the combined value chart on both the BSE and the NSE with a total turnover of Rs 558.09 crore. It is followed by Suzlon (Rs 531.62 crore), Tata Steel (Rs 413.41 crore), DLF (Rs 390.68 crore) and Aban Offshore (Rs 372.79 crore).

OPTCL to invest Rs 2,000 crore in 3 years
The Orissa Power Transmission Corporation Limited (OPTCL) will execute projects worth Rs 2,000 crore for improvement of the power infrastructure in the state on a priority basis.

News of the day

IPO subscribed 1.27 times
The initial public offer (IPO) of Oil India Ltd (OIL), the second-largest state-run oil and gas company, was subscribed 1.27 times on the first day of its opening for subscription today. It is the third-largest IPO this year after NHPC and Adani Power Ltd, which raised around Rs 6,000 crore and Rs 3,000 crore, respectively.
Business Ideas

M&M erases gains, ends flat

Mahindra & Mahindra gave all its gains and slipped to a low of Rs 813. The scrip finally settled flat at Rs 820. The counter clocked volumes of 239,425 shares as compared to the two-week daily average traded volumes of 277,548 shares. ______________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 830 and soared to a high of Rs 844. The scrip is now trading at Rs 834, up over 1.5% from the previous close. The counter has clocked volumes of 52,437 shares. The company had entered into the two-wheeler sector with the acquisition of 80% stake in Pune-based Kinetic motor company for Rs 110 crore last year. The companay unveiled two-scooters- Mahindra Rodeo and Mahindra Duro. These are the first indigenously developed products of the company. Mahindra & Mahindra is open to alliance in the two-wheeler space which will give them either market or technology. Read here for more news: Mahindra expands scooter range with two launches


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