INDIAN
BENCHMARK open lower, amid weak
global cues, after global markets witnessed a sell-off on
lower-than-expected
manufacturing data in the US. Essar Group has
infused more than US$150 mn into
Trinity Coal Corp, helping the US-based subsidiary emerge from
bankruptcy.
FURTHER, Bharti Airtel
is looking at ways to hive off its South Asian towers business.
The company is
likely to sell about 70-80 percent in the tower arm. Tata Motors
introduced its new sub-four-metre sedan, Zest, powered by the
company’s new
Revotron gasoline engine, Ford India made the global premiere of
sedan Figo
Concept in New Delhi.
Trend
in FII flows: The FIIs
were net sellers of Rs.735cr in the cash segment on Monday while
the
domestic institutional investors (DIIs) were net sellers
of Rs. 70cr,
as per the provisional figures released by the NSE.
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