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Share Market Live: Sensex rises 900 points, Nifty at 14,785; M&M, ONGC, HDFC Bank, Tech Mahindra top gainers

Share Market Highlights: Sensex ends 749 points higher, Nifty at 14,761; ONGC, PowerGrid, Titan top gainers
Stock Market Updates Today: Sectorally, all the indices were rising, with 1.8% rise in media, financial services, PSU Bank and private banking indices.
BusinessToday.In | March 1, 2021 | Updated 18:46 IST
Share Market News: Here s a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Updates on March 1: Domestic equity benchmarks Sensex and Nifty registered significant gains on Monday and ended near day s high, tracking positive cues from positive global equities. Reversing from major sell-off during last week, Sensex ended 749 points higher at 49,849 and Nifty gained by 232 points to 14,761. The market also reacted to encouraging Q3 GDP data announced after market hours on Friday. Meanwhile, Markit Manufacturing PMI for February will be declared today, 1 March 2021. Last Friday, Sensex ended 1,939 points lower at 49,099 and Nifty fel ....

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Reliance Strategic Business Ventures subsidiary raises stake in skyTran Inc to 54.46 per cent

Reliance Industries MD Mukesh Ambani said that acquiring majority equity stake in skyTran reflects the company s commitment to invest in building futuristic technologies. ....

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Maruti Suzuki vehicle exports cross 20 lakh milestone : Bulletin: Business Today

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Maruti Suzuki vehicle exports cross 20 lakh milestone
Auto giant Maruti Suzuki India (MSI) announced on Saturday, February 27, that the firm has achieved the milestone of 2 million (20 lakh) cumulative product exports. The country s largest automaker crossed the mark after a batch of its products comprising S-Presso, Swift and Vitara Brezza left the Mundra Port in Gujarat for South Africa.
GoAir receives Rs 800 crore credit line from banks
Low cost carrier GoAir, owned by Indian business conglomerate Wadia Group, has reportedly received a Rs 800 crore credit line from banks. The bank credit will help the airline to ease financial strain caused by the COVID-19 pandemic. With the fresh credit line, GoAir will not require to restructure its loans. ....

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Auto stocks, RIL, Bharti Airtel, IOCL in focus

Auto stocks will be in focus today as sales data for the month of February will be released.
Reliance Strategic Business Ventures (RSBVL), a wholly owned subsidiary of Reliance Industries (RIL), announced that it has acquired additional equity stake in its investee company skyTran Inc. (skyTran) for a consideration of $26.76 million increasing its shareholding to 54.46% on a fully diluted basis.
Bharti Airtel informed that its wholly owned subsidiary Airtel Digital has agreed to subscribe to 5,000 equity shares (10%) in Ferbine Private Limited on February 25, 2021.
The board of Indian Oil Corporation (IOCL) at its meeting held on 26 February 2021 approved an investment of Rs 32,946 crore to expand the capacity of Panipat Refinery. This capital infusion is expected to increase the capacity of refinery to 25 MMTPA from 15 MMTPA. ....

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RIL acquires majority equity stake in skyTran

After the acquisition, RSBVL s shareholding in skyTran increased to 54.46% on a fully diluted basis.
skyTran is a technology company incorporated under the laws of Delaware, United States of America (USA) in 2011. skyTran has developed breakthrough passive magnetic levitation & propulsion technology for implementing personal transportation systems aimed at solving the problem of traffic congestion globally.
The technology has been developed by skyTran to create Smart Mobility Solutions. The proposed skyTran transportation systems would consist of computercontrolled passenger pods running on its state-of-the-art, patented Passive Magnetic Levitation technology and would use cutting edge IT, Telecom, IoT and Advanced Materials technologies to transport passengers in a fast, safe, green, and economical manner. It is also supported by notable global venture capital investors such as Innovation Endeavors. ....

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