The NSE Nifty rose to a record high on Monday, moving closer to the 10,000 mark, as market heavyweight Reliance Industries Ltd continued to surge.
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An affiliate of buyout firm Carlyle will buy a 26 percent stake in each of two credit card joint ventures of State Bank of India, the top Indian lender said on Friday.
Mukesh Ambani's Reliance Industries Ltd (RIL) yesterday said its board approved transaction to pick around 25 per cent stake in Balaji Telefilms by acquiring 2.52 crore shares for about Rs 413 crore.
The Reliance earnings, combined with Wipro Ltd's $1.71 billion share buy-back plan and upbeat results, helped lift investor optimism.
The company's board has approved making investments in the equity shares of Balaji Telefilms Ltd for acquiring 2.52 crore equity shares constituting 24.92 per cent.
SBI is claiming recovery of Rs 4,295 crore from Bhushan Steel and $490 million for foreign currency loan.
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