Rupee strengthens 22 paise at 71.80/$

The 10-year bond yields also softened to 6.41%.

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Markets open higher on RBI booster, positive global cues

Sectorally, Nifty PSU Banks rose 2.9% most likely on the RBI's sizeable surplus transfer in one go, followed by Nifty Metal and Auto which gained 1.5% and 1.1% respectively.

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Bank of Baroda approves raising up to Rs1,650cr via tier-1 bonds; stock climbs ~3%

Further, the bank said that issuance of Basel III Compliant Tier II Capital Bonds Compliant with Basel III Capital regulations of the Reserve Bank of India for aggregate total issue size not exceeding R500cr, with a base issue size of Rs250cr and a Green Shoe Option to retain oversubscription up to Rs250cr.

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Strides Pharma acquires USFDA approved manufacturing facility in the US

SPI has acquired the manufacturing facility under an asset purchase agreement with Micelle Biopharma, Inc. for a consideration of US$0.5mn and will invest up to US$10mn to build incremental capabilities and add additional dosage formats.

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NSE to exclude F&O contracts on Strides Pharma from November 1

NSE mentioned in the note that the company does not meet the enhanced eligibility criteria to remain in the derivatives segment.

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Broker Radar for August 27

Check out the stock commentaries and recommendations from brokerage houses.

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Pidilite Industries forms JV with Chetana Expotential for wall panels

The JV company will be responsible for deploying this innovative technology and other ancillary products in projects in India, Sri Lanka and Bangladesh, the company said in the filing.

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Nippon Life raises stake to 53.46% in Reliance Nippon Asset Management

It may be noted that with this additional acquisition of shares, the Company has now become a subsidiary of Nippon, in terms of section 2(87) of the Companies Act, 2013.

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Deutsche Bank, reeling from global job cuts, is hiring in India

The ambitions for India reflect Deutsche Bank’s wider focus on retail banking and wealth management.

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