CAPITALSTARS
DAILY CORPORATE NEWS
S&P BSE Metal index drops over 2%
S&P BSE Metal index declined on amid fears of slower growth in China, the world's second-largest economy
Fears of slower growth in China weighed on metal and mining stocks. Economic data this week showed that China's services sector grew at the weakest pace in 17 months in December. Another data showed that activity had slowed in the country's key factory sector. Another concern is of China's weakening currency.
Indigo announces launch of 24 new flights
Indigo announces launch of 24 new flights – Positive for Inter Globe Aviation
As per media reports, IndiGo announced the launch of 24 new flights on its domestic network which include first daily non-stop flight between Delhi and Thiruvananthapuram.
L&T hits 52-week low
Larsen & Toubro (L&T) slipped over 3% touching to Rs1200, on concerns that the slowdown in the Middle East due to the crash in crude oil prices could affect the company's revenues.
Lupin launches generic Ortho Tri-Cyclen Lo tablets
Lupin has announced that its US subsidiary Lupin Pharmaceutical Inc. has launched Ortho Tri-Cyclen Lo Tablets in US. It is indicated for use by women to prevent pregnancy.
Reliance challenges ONGC’s allegations
As per media sources, Reliance Industries has challenged the jurisdiction of a panel examining ONGC’s allegations that RIL pumped out gas from ONGC's field, and has argued that the dispute should be resolved by arbitration.
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