ONGC‘ s arm ONGC Videsh has agreed to pay USD 2.64 billion to buy a 10 percent stake in a Mozambique gas field from Anadarko Petroleum Corporation.
Axis Bank has raised interest rates on FCNR dollar deposits of three-four years tenure by 100bps to 4.78 percent. On NRE deposits of tenure over five years has been raised to 5.56 percent against 4.56 percent earlier.
The Reserve Bank has notified the decrease in FII limit in IDFC to 54 percent from 74 percent earlier.
Watch out for BHEL , the empowered group of ministers on ultra mega power plants met in the capital and gave a fillip to the beleagured power sector. BHEL saw buying interest in Friday’s session after correcting as much as 27 pecent this month alone despite sitting on a Rs 1 lakh crore order book.
In the small cap universe, after several days of being locked in lower circuit, in a further negative forHanung Toys it is learnt that IDBI Trusteeship Services has sold 11.5 lakh shares at Rs 15.76/share in a bulk deal.
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