The hotel occupies a strategic location in the heart of the commercial district. This project is likely to be to be completed in 2022, subject to approvals.

The Nifty witnessed profit taking and took support around its 5-DEMA in Monday’s session. The level of 12,300 and 12,350 is likely to act as a resistance. Stocks in news: Hindalco Industries, Lemon Tree Hotels, HCL Technologies, IRCTC, Avantel, Chalet Hotels.

The trend on the SGX Nifty indicates a subdued start for the Indian markets, as, at the time of writing, the index was down by 15 points, trading at 12,263 levels. However, the markets may take support from the recent comment from the RBI Governor, Shaktikanta Das.

Reliance Infrastructure informed the exchanges on winning a major arbitration award of Rs 1,250 crore against Damodar Valley Corporation (DVC), which is a Government of India undertaking.

Glenmark received the marketing approval from the Therapeutic Goods Administration (TGA), Australia for Ryaltris. 

The company has received one order for an amount of Rs 34.18 crore from Satish Dhawan Space Centre SHAR, ISRO, for supply of subsystems of Wind Profiler Radar. The another order is of an amount of Rs 8.80 crore from the Government of India, Ministry of Defence, for the supply of satellite communication equipment.

After making a slightly negative start, key indices turned choppy, as traders remained cautious with Assocham president, Niranjan Hiranandani’s statement that the economy is facing a liquidity problem and demand recession, and it requires measures to lift consumption, including reduction in goods and services tax and personal income tax and improved credit flow, to revive.

The RBI's decision to execute an operation twist is expected to lower the long term bond yield, which may help in private sector investment and make the government’s borrowing cheaper. 

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The market opened in red on 23rd December, overall volumes in futures & options currently stand at 1,01 crore contracts with a turnover of Rs. 7,32,177.39 crore.