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    CNBC-TV18's top stocks to watch out for on August 23

    CNBC-TV18's top stocks to watch out for on August 23

    CNBC-TV18's top stocks to watch out for on August 23
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    By CNBC-TV18  IST (Published)

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    Indian benchmark indices, the S&P BSE Sensex and NSE’s Nifty 50, are set to open little changed on Friday amid cautious trades in the global markets. On Thursday, the stocks plunged over 1.5 percent in the absence of any relief measures from the government. Meanwhile, Asian shares traded flat as investors await future rate cut guidance in a speech by the US Federal Reserve chairman Jerome Powell. At 7.10 AM, the SGX Nifty futures traded lower by 4 points, or 0.04 percent, at 10,715, indicating a flat start for the Sensex and the Nifty 50.

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    Future Retail: US-based online giant Amazon will acquire 49 percent stake in Future Coupons, a firm owned by Future Group promoter Kishore Biyani. The new deal structure will allow Amazon to effectively own about 9 percent stake in Future Retail. (Image: Reuters)

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    RCom: Anil Agarwal-promoted Twin Star Technologies is learnt to have pulled out as a bidder for telecom assets of debt-ridden Reliance Communications due to unknown reason, reported PTI, citing a source privy to the development. Mukesh Ambani-led Reliance Jio, Sunil Bharti Mittal-led Bharti Airtel, and TPG Asia, among others, have also expressed interest in buying assets of RCom. (Image: Reuters)

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    HDFC Bank: The bank is aiming to add two million credit and debit cards targeted exclusively at youngsters in the next two years. The offering launched for millennials includes a range of credit, debit, prepaid and EMI (earnest monthly instalments) variants. (Image: Company)

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    Alkem Labs: SBI Mutual Fund and Aditya Birla Sun Life Mutual Fund on Thursday bought shares of Alkem Laboratories worth around Rs 538 crore through open market transactions. According to NSE data, SBI Mutual Fund bought 24 lakh shares and Aditya Birla Sun Life MF purchased 7.5 lakh shares of the pharmaceutical company for Rs 1,708.45 apiece. (Stock Image)

    Dabur India
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    Dabur India: The homegrown FMCG major has acquired the management control of Sharjah, UAE-based Excel Investments (FZE) and made it the firm's wholly-owned subsidiary. The company also said that FZE "had acquired 99.99 percent shareholding stake of Dabur Pakistan and Asian Consumer Care Pakistan (Private) Ltd". (Image: Company)

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    Pidilite Industries: Pidilite Speciality Chemicals Bangladesh has commissioned its second manufacturing plant at Bhaluka in the neighbouring country. Pidilite has earmarked over Bangladeshi Taka 550 million (approximately Rs 46.77 crore) as an investment towards the plant, without divulging the manufacturing capacity. (Image: Company)

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    Infosys: The IT major announced a strategic partnership with the University of Illinois Urbana-Champaign (UIUC) to develop new technologies and systems in precision medicine.    Through this partnership, Infosys has also become a member of the Centre for Computational Biotechnology and Genomic Medicine (CCBGM). (Image: Reuters)

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    Lupin: The drug firm launched generic antidepressant Fluoxetine tablets in the American market. The product is a generic version of Eli Lilly and Company's Prozac tablets in the same strengths. The drug is used for the treatment of the major depressive disorder (MDD), obsessive-compulsive disorder (OCD), panic disorder and bulimia nervosa. (Image: Reuters)

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    NTPC: Shareholders approve a proposal to raise up to Rs 15,000 crore through issuance of bonds and to raise its borrowing limit to Rs 2 lakh crore in the domestic market. According to the AGM notice, the funds raised will be used for capital expenditure, working capital and general corporate purposes. (Image: Company)

    Gillette India
    10 / 12

    Gillette India: Q4 net profit rose 32.35 percent to Rs 45.82 crore. Gillette India's revenue from operations during the quarter under review rose 13.22 percent to Rs 463.97 crore. Total expenses increased 23.15 percent to Rs 450.59 crore in the June quarter. (Stock Image)

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    Shree Renuka Sugars: India Ratings and Research placed the company's Long-Term Issuer Rating of 'BBB+' on Rating Watch Negative (RWN). The RWN reflects the persisting uncertainty over the timeframe of resolution of the issue of reclassification of SRSL’s account as a non-performing asset (NPA) by its lenders. (Stock Image)

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    Rashtriya Chemicals and Fertilizers: ICRA assigned credit rating on the company's long term bank facilities worth Rs 5,100 crore at AA with a negative outlook. (Stock Image)

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