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Apollo Micro Systems

Foseco India to acquire 75% equity of Morganite Crucible India for ₹654 cr

 #JustIn | #LokeshMachines: Defence Min grants registration certificate for mfg capacity/capability for defence items pic.twitter.com/Yn72XZqIjc

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Ajit Mishra, SVP-Research, Religare Broking

Buy Cipla for a target price of ₹1,720 with a stop loss of ₹1,530

Buy Maruti Suzuki for a target price of ₹15,000 with a stop loss of ₹13,800

The Insurance Regulatory and Development Authority of India (IRDAI) is considering a move to cap annual health insurance premium hikes at both the product and portfolio levels. here

The US Food and Drug Administration (FDA) has issued a public health warning against certain imported cookware products after tests revealed they may leach hazardous levels of lead into food. The cookware, often made of aluminum, brass, or aluminum alloys marketed under names such as Hindalium/Hindolium or Indalium/Indolium, poses serious health risks when used for cooking, it said. here

IRCON has received a Letter of Acceptance (LoA) from the Meghalaya government for a project worth ₹510.5 crore.

Bajaj Auto overcomes global magnet supply lenge, and Chetak deliveries resume ahead of plan and the festive season

Prayagraj has witnessed a case of large-scale fraud in the implementation of the Pradhan Mantri Awas Yojana (PMAY). Over 9,000 beneficiaries reportedly availed themselves of financial assistance worth ₹1.20 lakh each under the scheme despite already owning houses, the report said. here

Gold prices edged lower on Friday (August 22) as a firm US dollar pressured demand, while investors turned cautious ahead of US Federal Reserve Chair Jerome Powell’s remarks at the Jackson Hole symposium that could shape expectations for future monetary policy. here

Kulgod is a 25-year-old cognitive scientist and grew up in Belgaum in a family of doctors—his father, Dr. Shashikant Kulgod, is a gastroenterologist surgeon, and his mother, Dr. Vijayalakshmi Kulgod, is a paediatrician.

Shares of Sunteck Realty Ltd. surged as much as 3% from the day’s low on Friday, August 22. The stock has gained in the last four trading sessions.

Anticipation of a possible Goods and Services Tax (GST) rate cut on automobiles has begun to weigh on sales momentum across the industry.

Market Watch: Aditya Agarwala, Head-Research & Investments Invest4edu

Akme Fintrade

The Board has, inter-alia, allotted 50000 (Fifty Thousand) Listed, Rated, Senior, Secured, Transferable, Redeemable, Non-Convertible Debentures (“Debentures”) of ₹10,000/- each aggregating to ₹ 50,00,00,000/- on private placement basis.

Shares of Divi’s Laboratories Ltd. gained over 2% on Friday, August 22, after brokerage firm Citi projected a 28.5% upside on the stock, saying that the recent weakness in the stock is a buying opportunity. here

Market Watch: Vinay Rajani, Senior Technical & Derivative Analyst, HDFC Securities

Dharmesh Shah, VP Head of Technical, ICICI Securities

Conrad Saldanha, Managing Director and Portfolio Manager at Neuberger Berman, believes that India’s equity markets are currently benefiting from several domestic tailwinds. Positive goods and services tax (GST) relief, good monsoons, and festive season demand have boosted sentiment, but as he cautions, “you got to sustain that, and it has to come through in earnings,” here

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