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ETMarkets Morning Podcast: What s driving eye-popping gains in Indian Hotels, IndiGo, PVR?

ET Markets RadioTune in now for Markets news, views & cues ETMarkets Morning Podcast (ETMarkets.com) 04:58 Min | June 28, 2021, 8:41 AM IST Tune in as we tell you what s happening in the market, what s making news this morning, and look at some of the buzzing stocks. Tags Transcript Hi there, Good Morning. Welcome to ETMarkets Morning podcast, the show about money, business and markets. I am Sabari Saran. Let s start with the headlines first Golden Cross on RIL tech charts signal 10% upside Technical analysts project Nifty to top 16,000 mark this week FIIs have turn net short on stocks after 40 months Analysts see more legs in leaders of discretionary sectors

Wipro arm buys aerospace manufacturing facility in US for $31 million

Wipro arm buys aerospace manufacturing facility in US for $31 million © Provided by The Times of India BENGALURU: Wipro Givon USA, an arm of Wipro Infrastructure Engineering, is buying the Washington manufacturing facility of Boeing supplier TECT Aerospace Group Holdings for $31 million. Wipro’s bid for the manufacturing site was the only qualified offer submitted, TECT told the US Bankruptcy Court for the District of Delaware, a Bloomberg Law report said. The court gave the go-ahead for the deal. TECT Aerospace manufactures complex aerostructure components, parts, and assemblies. It produces thousands of assemblies and parts that are used in flight controls, fuselage/interior structures, doors, wings, landing gear, struts & nacelles, and cockpits. An email to Wipro Givon asking for a confirmation and details about the deal did not elicit a response.

Madras High Court orders Covid-related audit of Renault-Nissan plant

An Indian court on Monday ordered officials to inspect coronavirus-related safety protocols at Renault-Nissan s Tamil Nadu car plant, where workers are on strike over allegations that social distancing rules are not being followed. Workers at the southern Indian factory, jointly owned by Renault and alliance partner Nissan Motor, did not report for duty on Monday over COVID-related safety concerns, the workers union said. Nissan, which owns a majority stake in the plant, denied the workers safety allegations and told an Indian court it followed all guidelines. The company also said it would cooperate with the state government during the inspection and would reopen the factory gradually.

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