Sat, Jul 10, 2021 7:05 PM
Godrej Properties lined up $1 bn investment in upcoming years
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The non-life insurance industry recorded its slowest growth of the current fiscal in August, dragged down by a decline in premiums at large state-run general insurers. The GDPW for the industry increased by a paltry 4.22% YoY to Rs 24,554 crore. Non-life insurers comprise public and private general insurance companies, standalone health insurers, and specialised public sector insurers.
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Equity stakes worth Rs 254.3 crore in Suzlon Energy were sold through large deals in the morning trade on Tuesday, 10 September, amounting to 0.3 percent of the company’s shareholding. CNBC-TV18 reported that 3.7 crore shares of Suzlon changed hands at an average price of Rs 77 per share. Suzlon’s stock jumped 5% on Tuesday to surpass Rs 78, as Morgan Stanley maintained an 'Overweight' rating.
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Tata Power‘s share price was upbeat on Tuesday morning going up close to 2% to hit an intraday high of ₹425.80. What Happened: The stock is in the green today as the Tata Group company commenced the production of solar cells at its 4.3-gigawatt plant in Tirunelveli, Tamil Nadu, marking the launch of operations at India’s largest single-location solar cell and module manufacturing facility.
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