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Tuesday, 16 September 2014

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Pre-market: Five stocks to watch out in trade today.

IndusInd Bank has become the first bank to reduce the interest rate on savings bank accounts, after it was deregulated by the Reserve Bank of India (RBI) in 2011.

Kotak Mahindra Bank's proposed Rs 459 crore deal to acquire 15 per cent stake in commodity bourse MCX on Monday got the approval of fair trade regulator CCI, making the financial sector conglomerate a major player in exchange business.

Hero MotoCorp Limited is likely to sign an MoU with the Andhra Pradesh government on Tuesday for setting up a motorcycle manufacturing plant in the state.

Bangalore-based and SeQuent Scientific, on Monday wrapped up two deals with global pharmaceutical major Gilead Sciences.

Tata Motors reported an 9.7% decline in global sales to 73,524 units in August.

L&T Construction said it has bagged orders worth Rs 2,050 crore across various business segments in August and September.

Wipro Arabia, a subsidiary of India's third largest IT firm Wipro, has bagged a contract from Saudi-based Saudi Electricity Company (SEC) for implementing and rolling out plant maintenance and project system functionality of SAP ERP application.

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