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Thursday, July 11, 2019

Tata Motors shares decline nearly 3%
Shares of Tata Motors yesterday fell by nearly 3% after the company said its British arm Jaguar Land Rover's sales were down 9.6% in June this year. The scrip declined 2.79% to close at Rs 151.40 on the BSE. During the day, it dropped 4.23% to Rs 149.15. On the NSE, shares of the company fell 2.50% to close at Rs 151.90. In terms of traded volume, 21.38 lakh shares of the company were traded on the BSE and over three crore on the NSE. Jaguar Land Rover's sales were down 9.6% to 47,060 units in June this year.

InterGlobe Aviation shares plummet over 11%
Shares of InterGlobe Aviation plummeted over 11% yesterday wiping out Rs 6,423 crore from its market valuation following a spat between co-promoters over governance issues. The scrip tanked 10.73% to close at Rs 1,397.75 on the BSE. During the day, it plunged 17.54% to Rs 1,291. During the trade, it tanked 19.24% to Rs 1,264.85. Led by the sharp fall in the scrip, the company's market valuation also declined by Rs 6,422.6 crore to Rs 53,765.40 crore on the BSE.

Airtel now offers free access to Shaw Academy's online courses
As part of the fast expanding range of exciting benefits under its refreshed #AirtelThanks program, Airtel has now partnered with Irish and India based global EdTech, Shaw Academy to offer popular online courses to its mobile customers. Shashwat Sharma, Chief Marketing Officer, Bharti Airtel said “We are delighted to partner with Shaw Academy as part of our #AirtelThanks vision and bring to our customers the opportunity to learn and upskill. This alliance once again highlights the wide range of exclusive benefits we will bring to our customers through our strong focus on building win-win partnerships.” Founded in 2013, Shaw Academy provides online interactive courses focused on building practical skills.

The Best of ASCO (BOA) India 2019
The Best of ASCO an annual licensed educational initiative that condenses highlights from ASCO's Annual Meeting was held by Dr. Purvish Parikh (Group Oncology Director, Shalby Cancer & Research Institute) Dr. Nilesh Lokeshwar, Medical Oncologist from Asian Cancer Institute, Somaiya Hospital and Dr. Bharat Bhosale, Medical Oncologist from Bombay Hospital. Selected abstracts of high impact were chosen by the scientific committee and presented based on its relevance, impact on day to day practice and the needs of oncology professionals in India. Dr. Kumar Prabhash, Head of Medical Oncology at TMH, Parel presented his team’s research on combining chemotherapy with targeted therapy in EGFR positive lung cancer.

Pvt lenders fast replacing PSBs as lead-banks to corporates
Private sector lenders are fast becoming the lead bankers to large corporate groups as state- run lenders continue to struggle with issues of their own, says a report. The findings of the report yesterday by the advisory firm Greenwich Associates come at a time when greater thrust is being given to relationships in banking. The advisory firm said in 2018, only 15 percent of large corporate respondents in a survey used a state-run lender as its lead corporate bank, which was down from 20% in 2016.

OYO says it is world's 3rd-largest hotel chain by room count
Hospitality firm OYO yesterday said it has emerged as the world's third largest hotel chain as per room count with 8,50,000 rooms in its portfolio. In a span of six years, the company has expanded its presence to over 800 cities, more than 23,000 OYO-branded hotels and 8,50,000 rooms, OYO said in a statement. "I am humbled to see the love and support of our customers and real estate owners that have helped us in emerging as the third-largest hotel chain on basis of the number of rooms," OYO Hotels & Homes founder and CEO (Group) Ritesh Agarwal said.

Govt to launch 6th tranche of CPSE ETF on July 18
The govt is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on July 18, an official said. The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) -- ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.

MeriPheri to connect Buyers with PheriWalas
Meripheri, is the latest mobile app available on the Google play store, a unique app that connects the consumers with their neighborhood Pheriwala and makes their life easier. The application which is free and available for download, is India’s first mobile app that connects the consumers/ buyers with the local hawkers commonly known as PheriWala’s in India. On the occasion of the product launch and interaction Aryan Bhatia said “The Meripheri app is a need based application, which will give a tremendous boost to the business of these unorganized players. We expect the app being user friendly, will benefit both the consumers and the vendors at the same time”.

Aditya added further that there is tremendous market in whole of South East Asia in countries like India, Bangladesh, Nepal, Sri Lanka, Malaysia and China and App shall be used by lacs of Pheriwalas and millions of Buyers.

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