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FPIs pull out $1.35 bn from equities since February 5

Foreign portfolio investors (FPI) have been on a selling spree starting February 5, netting sales of $1.35 billion over the past 11 sessions. Market participants cited the global sell-off and problems in PSU banks as reasons for the sell-off. After…

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Ambuja Cement Q3 profit up 77% to Rs 478 cr

Ambuja Cement today reported 77.12 per cent increase in consolidated net profit to Rs 478.39 crore for the third quarter ended December 31, helped by volume growth and increased clinker production. Part of the Swiss cement giant LafargeHolcim, the company…

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Nasscom sees 7-9% growth in FY19

IT industry body National Association of Software and Services Companies (Nasscom) on Tuesday projected a growth rate of 7-9% in fiscal year 2018-19, slightly higher than the 7-8% expected in the current fiscal, while hiring is expected to remain muted….

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