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Bajaj Hindusthan to sell 449 MW capacity spread over 14 locations to group company, Lalitpur Power Generation. pic.twitter.com/m06JmbcDzH
— BloombergQuint (@BloombergQuint) December 20, 2016
#BQSpotted by @shraddha_babla | Loyal Equipments is locked in the 20% upper circuit for 2nd straight day. https://t.co/Lmwi4mkM29 pic.twitter.com/EWlRhbU6Me
— BloombergQuint (@BloombergQuint) December 20, 2016
Shares of the secure cloud solutions and managed services provider jumped as much as 9 percent to Rs 702 after it announced the acquisition of U.S. healthcare information technology firm Cornerstone Advisors Group LLC for $10,250,000 (about Rs 70 crore).
The payment will be made as a combination of cash and stock from its U.S. subsidiary, the company said in a BSE filing.
The acquisition is subject to customary closing conditions and is expected to be over in the quarter ending March 31, 2017. Cornerstone Advisors Group LLC is a privately held firm based in Georgetown, Connecticut.
#BQSpotted by @AgamVakil | State Trading Corporation snaps its 5-day losing streak. Read | https://t.co/A3uYjyncEH pic.twitter.com/lpOLOmFcpe
— BloombergQuint (@BloombergQuint) December 20, 2016
Movers & Shakers: Tata Coffee, Granules India, Wockhardt And More
#BQSpotted by @soumeet_sarkar | Cords Cable is running up for the 2nd straight session. Read | https://t.co/x6RfRmzynq pic.twitter.com/RN55i1Pxzq
— BloombergQuint (@BloombergQuint) December 20, 2016
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Good Morning!
The Nifty futures on the Singapore Stock Exchange, an early indicator of Nifty’s performance in India, fell 0.1 percent to 8,124.
Asian shares declined this morning, as tensions flared after the assassination of Russia’s ambassador to Turkey and violent incidents in Germany and Switzerland. The incidents added to a sense of geopolitical uncertainty after China last week seized a U.S. naval drone and fighting escalated in Syria.
The Bank of Japan left its monetary policy unchanged a short while back, after meeting to assess the economy and market conditions for the first time since Donald Trump’s election victory. The decision was expected by all 39 economists surveyed by Bloomberg.
The Japanese yen climbed 0.4 percent against the dollar after the decision was announced.
U.S. stocks ended slight higher on Monday, amid thin volumes before the December holiday season. In economic news, the flash U.S. Markit PMI services for December was 53.4, down slightly from 54.6 in November.
Oil rose 0.4 percent to $52.11 a barrel in New York, while gold advanced for a second day on a weaker dollar.
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