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Union Oil Minister Dharmendra Pradhan had earlier attributed the skyrocketing prices of fuels, to increased demand and assured that they will come down, as the winter season ends.

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The industry's GLP had stood at Rs 2,11,302 crore at the end of December 2019

The microfinance business' gross advance portfolio (GLP) became 10.1 percent to Rs 2,32,648 crore as on December 31, 2020, as per the information gathered by industry body Microfinance Institutions Network (MFIN). 

The business' GLP had remained at Rs 2,11,302 crore toward the finish of December 2019. 

The affiliation said 14 banks hold the biggest portion of the portfolio in miniature credit with an absolute advance exceptional of Rs 97,956 crore followed by non-banking monetary organizations microfinance foundations (NBFC-MFIs), with an advance remarkable of Rs 72,128 crore. 

Little account banks (SFBs) have a complete advance sum extraordinary of Rs 39,062 crore with an all out portion of 16.79 percent. NBFCs represent another 9.06 percent, and other MFIs represent 1.04 percent of the microfinance universe, it said. 

During the December 2020 quarter, the microfinance business' credit payment de-developed 3.86 percent to Rs 59,507 crore, from Rs 61,894 crore in the year-prior quarter. On a successive premise, the business' advance payment saw a development of 90.4 percent, the business body said. 

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MFIN is an industry affiliation containing 58 NBFC-MFIs and 39 partners including banks, little account banks (SFBs) and NBFCs. It delivered its Micrometer report for the second from last quarter of financial 2020-21. 

GLP of MFIN's NBFC-MFI individuals developed 11.1 percent at Rs 74,712 crore as on December 31, 2020, contrasted and Rs 67,255 crore a year ago in a similar quarter. It rose 5% in contrast with Rs 71,147 crore as of the end September quarter. 

GLP incorporates a claimed arrangement of Rs 63,710 crore and an oversaw arrangement of Rs 11,002 crore. 

NBFC-MFIs saw a 2.9 percent development in credit dispensing at Rs 19,696 crore in the second from last quarter of FY21 as against Rs 19,150 crore in the year-prior period. 

In any case, on a successive premise, their advance dispensing developed at gigantic 85.5 percent. In the quarter finished September 2020, NBFC-MFIs had dispensed advances worth Rs 10,617 crore. 

"It is encouraging that the green shoots seen toward the finish of Q2 (second quarter) have end up being valid and area distributions are coming to nearly at pre-COVID-19 levels sponsored by expanded interest for advances to restart vocations. 

"The payment during Q3 2020-21 are around 96% of Q3 2019-20, showing that it should arrive at ordinary levels by end of Q4 monetary 2020-21," MFIN CEO and Director Alok Misra said. 

NBFC-MFIs' normal advance payment per represent Q3 FY 2020-21 remained at Rs 34,070, which is an expansion of around 19% to Rs 28,620 every year prior, MFIN said. 

During the quarter, NBFC-MFIs got a sum of Rs 10,876 crore owing debtors financing, which is 0.5 percent not exactly the second from last quarter of 2019-20 and 10.4 percent more when contrasted with second quarter of 2020-21, the report said. 

Absolute value of the NBFC-MFIs developed by 16.6 percent to Rs 18,077 crore as on December 31, 2020, when contrasted with Rs 15,508 crore in the year-prior period, the affiliation said. 

"The banks and financial backers keep on showing full trust in the area as apparent by the obligation subsidizing going up 10.4 percent and value climbing 16.6 percent contrasted with comparing quarter a year ago," Misra said. 

Five top states as far as advance sum exceptional for MFIN individuals are Tamil Nadu, Karnataka, Bihar, Maharashtra and Odisha. They represent 51% of GLP and top 10 states represent 82% of the complete credit sum remarkable.

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Benchmark indices erase most of intraday gains and ended marginally higher breaking two-day of profit booking.

At Close, the Sensex was up 35.75 points or 0.07% at 50,441.07, and the Nifty was up 18.10 points or 0.12% at 14,956.20. About 1698 shares have advanced, 1382 shares declined, and 208 shares are unchanged.

UPL, GAIL, L&T, ONGC and SBI Life Insurance were among major gainers on the Nifty, while losers were Shree Cements, Bajaj Finance, UltraTech Cement, IndusInd Bank and Bajaj Auto.

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Topic :- Time:3.10 PM

Nifty spot close above 14960 level will result in some pull back in coming session and if it closes below above mentioned level then some sluggish movement is likely to be seen. Avoid open positions for tomorrow.

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Topic :- Time:2.40 PM

Just In:

Easy Trip Planners IPO subscribed 1.46 times, retail portion booked 8 times on Day 1.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4888.If it manages to trade and sustain above 4895 level then expect some recovery in it and if it breaks and trade below 4875 level then some further decline can be seen in Crudeoil.

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Topic :- Time:2.00 PM

Nifty is losing its gains now. Nifty spot if breaks and trade below 14940 level then expect some further decline in it and if it manages to trade and sustain above 15000 level then some upmove can follow in the market. As Nifty is volatile now so traders are advised to trade in less quantity. Stock specific action is there in the market.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 199.10. If it holds above 197 level then expect it to rise till 204-205 levels quite soon. It is likely to show some decline if it breaks and trade below 197 level. Buy on every decline till it holds above 197 level is recommended in it.

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Topic :- Time:1.00 PM

Nifty is likely to turn volatile now. Nifty spot if manages to trade and sustain above 15000 level then expect some upmove and if it breaks and trade below 14980 level then some decline can follow in the market. 

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 682.60.If it manages to trade and sustain above 683.20 level then expect some upmove and if it breaks and trade below 680 level then some decline can follow in the COPPER.

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Topic :- Time:12.00 PM

Nifty is now trading in small range. Nifty spot if breaks and trade below 15000 level then expect some decline in it and if it manages to trade and sustain above 15040 level then some upmove can follow in the market.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex, Nifty off days high; PSU banks, metals in focus

2. Govt proposes to hike in LICs authorised capital to Rs 25,000 cr

3. Cairn wants India to pay $1.4 bn, shareholders to seek enforcement

4. Oil & Gas shares rally; ONGC, Gail surge up to 7%, hit 52-week highs

5. BEML surges 13% as report suggests Tata, Mahindra eyeing stake in firm

6. MFs withdraw Rs 16,306 cr from equities in February on profit booking

7. Amid rising bond yields, FPIs pull out Rs 5,156 cr in March so far

8. India needs a cohesive strategy to protect itself from cyber attacks

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Topic :- Time:11.00 AM

After positive start nifty is still trading in green zone but is losing some of its early gains. Nifty spot if breaks and trade below 15000 level then expect some further decline and above 15040 level some up move can follow in the market.

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Men make as many investment mistakes as women. They chase trends and do not invest with a structured financial plan

The vast majority of us feel that men are brought into the world with the information to oversee cash. Cooking as far as anyone knows works out easily for ladies. Please women, we scorn being generalized! As a monetary counselor and instructor, I meet a greater number of men than ladies and can advise you with power that men truly need your assistance in overseeing funds. 

Allow me to show you how with this discussion with Miss WWP, who is a working lady proficient. 

Men submit basic venture botches 

WWP: So for what reason do you accept men need assistance? 

Me: Men love pursuing patterns. They put resources into gold when it was Rs 55,000 for every 10gm (expecting that it will contact Rs 1,00,000 for each 10 gm). In any case, presently it is down to Rs 48,000 for 10gm – a drop of 13%. Indeed, you heard it right; gold costs can fall. At that point, they put resources into bitcoin. All cool fellows are doing it. On the off chance that Elon Musk can, for what reason right? 

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WWP: He has made a cool 50 percent return in a brief period and is taking a gander at contributing more. Such a virtuoso to put our cash where it develops quick. 

Me: Alas, Bitcoin isn't controlled in India and odds of it getting prohibited are extremely high. A concentrated openness implies a lot of cash is in danger in one instrument. 

WWP: Ok, however he is bringing in cash through stock exchanging. He is lastingly adhered to his gadgets, checking stock costs and having vivified conversations with his companions about it. 

Me: How much return does he make? To create steady long haul returns isn't simple for lay financial backers, who don't approach point by point data on an organization. The companions don't know better by the same token. The entirety of this is simply theory. Have you thought about putting resources into shared assets? There is an expert asset chief putting away your cash; you gain admittance to a lot more stocks and there are tax breaks too. 

WWF: But shared Funds are so confounding. How can one pick an asset and at any rate the profits are awful. All things considered, we have some drawn out protection approaches and the workplace gave cover. 

Me: The business' cover may not do the trick if there should arise an occurrence of an enormous medical problem. Likewise, Endowment, and cash back strategies don't give more than 4-5 percent return, which implies they don't beat swelling. Along these lines, your cash isn't developing. Shared Funds then again accompany lower cost and have given incredible returns in the long haul. 

WWF: Come on, I realize he is dealing with our cash well! Else, we wouldn't have the option to live well, take relaxes and send our children to the best schools. 

Basic items for retirement 

Me: So would you say you are putting something aside for retirement? 

WWF: Oh, that is 25 years away and the EPF will deal with our retirement. 

Me: If your month to month consumption is Rs 1 lakh, at that point you need a retirement corpus of Rs 6 crore and EPF alone will most likely be unable to cover that. Consequently, you need to begin contributing more for retirement. Can you say whether you can? 

WWF: No, I don't have a clue and should check with him. We have organized our accounts so that my compensation is principally utilized for costs and his compensation is utilized for speculations. 

Me: This implies you don't have a lot of cash in your name. Does that cause you to feel better? Consider the possibility that you need to help your folks or god disallow things don't work out between the both of you. Or on the other hand, on the off chance that you need to begin something of your own or accomplish something on your can list? Would you be glad to request cash from your mate despite the fact that you are acquiring? 

WWF: No I wouldn't care for that. So how might I begin being important for cash the board in the family? 

Me: Take a promise to be included. First rundown every one of the costs and perceive how they can be decreased. You ought to contribute at any rate 40% of your consolidated bring home compensation. Work with a monetary organizer or utilize an objective arranging device to sort out the amount you need to put something aside for monetary objectives like kids' schooling, retirement and so on Put resources into straightforward items: common assets, PPF and NPS for these objectives. At last, keep your monetary life straightforward and keep a beware of archives. 

Women, don't simply normally accept the men know everything. People commit regular speculation errors. 

They pursue patterns, don't follow an organized monetary arrangement, nor contribute for long haul monetary objectives, have an excessive number of advances, stay under insured – these are largely normal bumbles numerous men make. Similarly as you give the equilibrium in each part of life, do as such on account of family funds too. Be similarly included and submitted. 

Happy Women's Day 2021!

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Indian Stock Market Trading View For 08 March,2021:

Nifty to turn volatile and is likely to show some wild swings. Global cues will be trend setter.

Nifty spot if manages to trade and sustain above 14980 level then expect some upmove and if it breaks and trade below 14860 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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This special FD scheme was launched in May 2020 to safeguard the interests of senior citizens as the interest rates were falling rapidly amid the coronavirus pandemic. This scheme is available till March 31.

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The benchmark indices corrected for second consecutive session on Friday on weak global cues. The Nifty50 fell 142.70 points or 0.95 percent to close at 14,938.10, while the BSE Sensex was down 440.76 points or 0.87 percent at 50,405.32.

All sectoral indices closed in the red with PSU Bank index down 4 percent. The broader markets also corrected, underperforming benchmark indices. The Nifty Midcap 100 index was down 2.15 percent and the Smallcap 100 index declined 1.55 percent.

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Topic :- Time:1.30 PM

GOLD Trading View:

GOLD is trading at 44330.If it manages to hold above 44210 level then it is likely to show quick upmove and is expected to test 44500 levels quite soon. Buy on every decline till it holds above 44210 is recommended in it.

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Topic :- Time:1.10 PM

Nifty is trading in a range. Nifty spot if manages to trade and sustain above 15050 level then expect some further upmove and below 15000 level some decline can be seen in the market.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 680.70.If it breaks and trade below 680.40 level then expect some decline in it and it will face resistance to upmove at 683 level.

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Topic :- Time:12.00 PM

Nifty is trading in tight range. Nifty spot if breaks and trade below 15000 level then expect some further decline in the market and above 15020 level some upmove can be seen however 15050 spot will act as immediate resistance to watch out for.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Indices off early lows, Sensex down 150 pts; financials dip

2. GST can make fuel cheaper by up to Rs 20 and Rs 25 per litre

3. Cognizant announces bonus higher than 2019, promotes 24,000 employees

4. Coronavirus LIVE: India cases at 11,173,761; more than 10.8 mn vaccinated

5. Issuers cancel planned bond sales as yields surge over rise in govt borrowings

6. China hikes defence budget to $209 billion, 6.8 per cent increase

7. Heranba Industries lists at 44% premium over issue price of Rs 627

8. UltraTech crosses Rs 2 trillion m-cap, zooms 77% in 6 months

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Benchmark US Treasury yields rose toward last week's highs as Federal Reserve Chair Jerome Powell spoke, and the dollar hit a three-month high.Money Street drooped on March 4 and worldwide securities exchanges declined after US Federal Reserve Chair Jerome Powell echoed his vow to keep credit streaming until Americans are once again to work, invalidating financial backers who have straightforwardly questioned he can adhere to that guarantee once the pandemic passes. Benchmark US Treasury yields rose toward a week ago's highs as Powell talked, and the dollar hit a three-month high. Oil costs spiked to their most elevated in longer than a year as OPEC and its partners consented to expand most oil yield cuts into April, subsequent to concluding that the interest recuperation from the pandemic stayed delicate. 

With COVID-19 antibodies carrying out and the public authority financial taps open "there is valid justification to figure we will gain more headway soon" around the Fed's objectives of greatest work and 2 percent supported expansion, Powell told a Wall Street Journal gathering. 

In any case, "regardless of whether that happens it will require some investment," Powell added. 

The Dow Jones Industrial Average fell 345.95 focuses, or 1.11 percent, to 30,924.14, the S&P 500 lost 51.25 focuses, or 1.34 percent, to 3,768.47 and the Nasdaq Composite dropped 274.28 focuses, or 2.11 percent, to 12,723.47. 

"This market has effectively been powerless and was searching for another pardon to sell," said Dennis Dick, head of business sectors structure and a restrictive merchant at Bright Trading LLC in Las Vegas, refering to fear in values markets for as long as nine months. "Presently, Powell gives them that pardon also." The container European STOXX 600 list lost 0.37 percent and MSCI's measure of stocks across the globe shed 1.62 percent, its third day of misfortunes. 

Developing business sector stocks lost 2.61 percent. MSCI's broadest file of Asia-Pacific offers outside Japan shut 2.63 percent lower, while Japan's Nikkei lost 2.13 percent to its most reduced since February 5. Stresses over loftier US security yields have likewise hit worldwide offers. 

Powell said the expansion was "remarkable" however he didn't think of it as a "messy" move, or one that pushed long haul rates so high the Fed may need to mediate to cut them down. 

Benchmark 10-year notes last fell 21/32 in cost to yield 1.5432 percent, from 1.47 percent late on March 3. They prior contacted their most elevated levels since a one-year high of 1.614 percent set a week ago on wagers on a solid monetary recuperation supported by government boost and progress in immunization programs. The expense of acquiring U.S. Depositories in the short-term repurchase arrangement, or repo market, went negative on March 4, experts said, in the midst of the security market auction, which highlighted pressure in currency markets. 

The 10-year UK Gilts yield was last at 0.733 percent, in the wake of contacting 0.775 percent on March 3, close to a week ago's 11-month high of 0.836 percent. 

Germany's 10-year yield was down 2 premise focuses to - 0.33 percent subsequent to rising 5 premise focuses on March 3. 

Many Fed authorities have made light of the ascent in Treasury yields lately, in spite of the fact that Fed Governor Lael Brainard on Tuesday recognized that worries over the chance of a fast ascent in yields could hose monetary action. 

The dollar flooded to three-month highs after Powell neglected to communicate worry about a new auction in US. Depositories as certain dealers had expected, bringing about higher security yields and interest for the greenback. 

The dollar list rose 0.562 percent, with the euro down 0.77 percent to $1.1969. 

The Japanese yen debilitated 0.83 percent versus the greenback. Dollar/yen rose to 107.89, about a seven-month high, while real was last exchanging at $1.3893, down 0.43 percent on the day. 

Rising Treasury yields pushed non-premium bearing gold down 0.9 percent. Spot gold dropped 0.7 percent to $1,698.70 an ounce, yet at the same time almost a nine-month low. 

The US Senate decided on March 4 to take up President Joe Biden's $1.9 trillion Covid help charge, setting up what is probably going to be a days-in length banter. 

Oil costs rose briefly straight meeting. U.S. unrefined as of late rose 4.72 percent to $64.17 per barrel and Brent was at $67.16, up 4.82 percent on the day.

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Indian Stock Market Trading View For 06 March,2021:

Nifty to turn volatile and is likely to show some wild swings. Global cues and Reliance stock movement will be trend deciding factors.

Nifty spot if manages to trade and sustain above 15140 level then expect some up move and if it breaks and trade below 15040 level then some decline can be seen in the market. Please note this is just opening view and should not be considered as the view for the whole day.

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Benchmark indices ended lower and broke the three day gaining streak on March 4 on the back of selling seen in the metal stocks.

At Close, Sensex was down 598.57 points or 1.16% at 50,846.08, and the Nifty was down 164.80 points or 1.08% at 15,080.80. About 1580 shares have advanced, 1350 shares declined, and 183 shares are unchanged.

JSW Steel, Hindalco Industries, HDFC, Tata Steel and Tata Motors were among the top Nifty lowers, while gainers were UltraTech Cement, Shree Cements, Adani Ports, Grasim Industries and Dr Reddys Labs.

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Topic :- Time:2.30 PM

CRUDEOIL Trading View:

CRUDEOIL is trading at 4484.If it manages to hold above 4460 level then expect some upmove in it and it is likely to test 4540 level quite soon and if it breaks and trade below 4460 level then some decline can be seen in it.

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Topic :- Time:2.15 PM

Just In:

MTAR Technologies IPO Day 2: Issue subscribed 6.36 times, HNIs portion booked 2.3 times.

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Topic :- Time:2.00 PM

Nifty is highly volatile. Nifty spot 15200 will act as major resistance to watch out for. If nifty spot fails to trade and hold above 15200 level then it is likely to slide.

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Topic :- Time:1.30 PM

NATURALGAS Trading View:

NG is trading at 205.10. If it holds below 206.70 level then it is likely to test 201-200 levels quite soon. Sell on every rise till it holds below 206.70 is recommended in it.

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Topic :- Time:1.00 PM

Nifty spot is trading at 15170.If it manages to trade and sustain above 15200 level then expect some further upmove in the market and if it breaks and trade below 15140 level then some decline can follow in the Nifty.

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Topic :- Time:12.30 PM

COPPER Trading View:

COPPER is trading at 692.If it holds below 694.50 level then expect it to decline towards 688-686 levels quite soon above 694.50 level some pull back can be seen in it.

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Topic :- Time:12.00 PM

Nifty is trading in red however it is showing some recovery now.Nifty spot if manages to trade and sustain above 15160 level then expect some further upmove in the market and if it breaks and trade below 15120 level then some decline can be seen.

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Topic :- Time:11.30 AM

News Wrap Up:

1. Sensex off lows, still down 350 pts; broader indices outperform

2. ED slaps money laundering case on Franklin Templeton MF

3. Adani Ports to acquire 31.5% in Gangavaram Port for Rs 1,954 crore

4. Govt non-committal on Jet Airways historical rights on flight slots

5. Adani Enterprises becomes third group firm to hit Rs 1-trn market cap

6. Japanese Yen near seven-month low, Asian shares fall as bond yields rise

7. Equitas SFB hits highest level since listing, zooms 71% against issue price

8. RCTCs shares pick up speed on marked revival in travel activity

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Topic :- Stocks under F&O ban on NSE

1. Indiabulls Housing Finance

2. Sail

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Topic :- Nifty Opening Note

Indian Stock Market Trading View For 4 March,2021:

Cautious approach is required from current level. Nifty is likely to turn volatile. In commodities Basemetals are highly volatile.

Nifty spot if manages to trade and sustain above 15280 level then expect some further upmove in the market and if it breaks and trade below 15200 level then some decline can be observed in the market. Please note this is just opening view and should not be considered as the view for the whole day.

Stocks in the news

Indian Bank: CRISIL revised banks Tier 1, Tier 2 and Infrastructure Bonds ratings to stable from negative.

IRCON International: The government to sell 6% additional stake via offer for sale on March 4. The company bagged letter of award worth Rs 187.80 crore from Railway Ministry.

VST Tillers Tractors: The company will invest $1.5 million in Zimeno Inc.

IRCTC: The company will operate trips through Golden Chariot from March 14.

Union Bank of India: ICRA assigned AA+(HYB)/Negative as credit rating to the banks proposed Basel III Compliant Tier-II bonds aggregating up to Rs 2,000 crore.

Techno Electric & Engineering Company: SBI MF reduced stake in the company to 6.13% from 7.12% via open market sale.

Bajaj Electricals: The company and Mahindra Logistics signed an agreement for innovative logistics optimisation and outsourcing arrangement.

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