TOP MARKET NEWS UPDATES - 31 JULY 2015

1.  RBI releases restructuring norms for NBFCs
As per RBIs norms revisions of the date of DCCO and consequential shift in repayment schedule for equal or shorter duration will not be treated as restructuring subject to certain conditions.

2.   Sun Pharma to seek USFDA approval for 2-3 innovative products
Sun Pharma is hinted that it is close to fling approvals for three New Chemical Entities (NCE) or innovative products developed by its subsidiary SPARC and are in final stages of clinical trials.

3.  Thomas Cook India acquires Sri Lanka-based Luxe Asia
The acquisition of Luxe Asia reiterates delivery of our strategic intent of establishing a global destination management presence. Luxe Asia will continue to focus on its core domain of inbound tourism across key global source markets.

4.  M&M rallies on plans to launch ‘TUV3OO’ in September
Shares of Mahindra & Mahindra (M&M) gained over 3% to Rs1364 on NSE on back of plans to launch its compact SUV ‘ TUV3OO’ in September; positive for the company Utility Vehicle segment market leader M&M unveiled its plans to launch a compact sports utility vehicle (SUV) later in the year.

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TOP 4 MARKET NEWS FOR TODAY

1. Ahluwalia Contracts bags Rs318 crore orders
Ahluwalia Contracts has secured new orders aggregating Rs317.65 crores for construction of Institutional/Residential building, including Electrical, Plumbing and firefighting services.

2. Eros to fetch Rs100 crore from ‘Bajrangi Bhaijaan’ release
Eros International: Eros’s much anticipated film of the year ‘ Bajrangi Bhaijaan’ hit the theatres and the film had an excellent first and second day at the Box Office. As per the trade sources, box office collection of the movie will cross Rs100 crore in the first weekend. Positive read-thru for Eros International.

3. Maruti Suzuki plans to hire 2,500 relationship managers for Nexa outlets
Maruti Suzuki planning to hire 2,500 relationship managers for its Nexa outlets; company plans for a premium buying experience with Nexa .  Domestic passenger vehicle market leader ie Maruti Suzuki plans to hire upto 2,5000 relationship managers for its upcoming Nexa otlets.

4. Government planning to start work on 10 express highways
Government planning to start work on 10 express highways – Positive for IRB Infrastructure, IL&FS Transportation, Ashoka Buildcon, Sadbhav Engineering, KNR Constructions among others As per media reports, the government is planning to start work on 10 world class express highways on the pattern of Mumbai Pune express highways. These include Nagpur-Mumbai, Bangalore-Chennai, Baroda-Mumbai, Katra-Amritsar and Ludhiana-Delhi.

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