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Govt ready to draft policy for steel manufacturers: Modi
Gujarat Chief Minister Narendra Modi today said his government is ready to draft a separate policy for stainless steel manufacturers, provided they are willing to foray in gymnasium equipment and toys manufacturing as part of their corporate social responsibility (CSR).

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Markets end flat
The indices closed flat for the third consecutive session. In line with its Asian peers, the Sensex was down nearly 200 points in opening trades. But a recovery in the Japanese markets engineered a turnaround on Dalal Street. The Sensex finally ended at 16,356, lower by one point, and the Nifty closed at 4,906, up 24 points. Consumer durables, IT and auto sectors traded firm, while FMCG and banking were sluggish.

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Deutsche Securities hikes stake in Eicher to 5.17%
Foreign fund house Deutsche Securities Mauritius has hiked its stake in commercial-vehicle maker Eicher Motors to 5.17%, after purchasing fresh shares through an open-market transaction.
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10,000 units of Linea sold since January: Fiat India

Fiat India Automobiles (FIAL), a 50-50 JV between Fiat Group Automobiles (Fiat) and Fiat India Automobiles , has sold 10,000 units of its sedan, Linea, since its launch in January this year. Sensex ends up 35pts Fiat"s Grande Punto also witnessed a sale of over 5,000 units within three months of introduction. "Fiat has been deeply-rooted in the Indian psyche for many decades now and we want to see a lot many Fiat vehicles plying on Indian roads. The milestone achieved by Linea is a testimony that we are inching closer towards this goal," FIAL CEO Rajeev Kapoor said in a press statement issued here.


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