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Tata Power, a Tata Group company, bagged a contract from the Ministry of Defence for air surveillance equipment. The company will work in partnership with foreign OEM, Indra Sistemas, Spain.

In a desperate attempt to rescue the cash-strapped Jet Airways, the beleaguered airline's lenders are formulating a revival plan through a change in its management.

Leading film exhibition company PVR Limited announced that it has launched six-screen multiplex in Hyderabad. This is the company's first launch in the calendar year 2019.

The stock of Aditya Birla Group controlled entity, Hindalco Industries broke out of the downward channel decisively on Wednesday. The stock has been trading above its crucial short-term moving averages, i.e. 20 and 50-day moving averages.

Power Finance Corporation (PFC) signed a share purchase agreement for the acquisition of 103.94 crore shares of Rural Electrification Corporation (REC) which constitutes 52.63 per cent of the paid-up share capital from the President of India. The acquisition is set to take place at a cash consideration of Rs. 139.50 per share with the total cost of acquisition coming to Rs. 14,500 crore. REC’s closing price on March 19, 2019, was Rs. 148.40 per share.