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NSE share market NEWS tomorrow (20 February, 2024). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (20 February, 2024). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 20 February 2024

One 97 was amongst the top gainers, currently trading at 376.25 in NSE with 0.837 times change in volumes and 4.995% change in price. Other gainers included Power Grid with 4.179% price change and 3.767 times volumes, Sona Blw with 4.074% price change and 7.16 times volumes, Glenmark Pharmaceuticals with 3.664% price change and 3.569 times volumes, and Himachal Futuristic with 3.308% price change and 1.138 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Federal Bank was amongst the top losers, currently trading at 154.40 in NSE with 2.206 times change in volumes and -5.247% change in price. Other losers included Hero Motocorp with -3.9% price change and 2.201 times volumes, Biocon with -3.384% price change and 0.358 times volumes, Coal India with -3.145% price change and 1.409 times volumes, and Cholamandalam Investment with -2.951% price change and 2.823 times volumes. These stocks are expected to continue this move in coming days also. You can take a position in these stocks tomorrow and hold the position for a few days with today's opening as stoploss.

Other stocks which made news headlines today and can be traded tomorrow are below.

Zee Entertainment reaches out to Sony to revive terminated merger. Zee Entertainment Enterprises Ltd (ZEEL) is seeking rapprochement with Sony Group as it makes a last-ditch effort to resurrect a USD 10 billion merger, according to industry sources. After the Japanese multinational firm pulled the plug on its USD 10 billi

Electric vehicle startup Vidyut raises mn from 3one4 Capital, others. Electric vehicle startup Vidyut on Tuesday said it has secured USD 10 million capital funding comprising equity and debt in Series A fundraising for expanding its bouquet of services. The Series A funding round was led by 3one4 Capital along with participa

Ramkrishna Forgings receives order worth 0 million in North America. Ramkrishna Forgings on Tuesday said it has secured a USD 220 million (about Rs 1,800 crore) order in North America. "The contract spans over a decade and marks the company's foray into a new vertical within the forging sector, focusing on supplying tier 1

Paytm users may take up to 6 months to shift to other service providers. Fintech giant is planning to apply for third-party application provider licence

ReNew Q3 results: Loss narrows to Rs 321 cr, revenue rises to Rs 1,929 cr. ReNew on Tuesday said its net loss narrowed to Rs 321.6 crore during the quarter ended December 31, 2023. It had posted a net loss of Rs 401.3 crore during the October-December period of the preceding 2022-23 financial year, the renewable energy firm said

NSE, Goa govt ink pact to facilitate fund raising for MSME sector. The National Stock Exchange (NSE) on Tuesday said it has collaborated with the Goa government to spread awareness among MSMEs of the state regarding fundraising through the IPO mechanism using its platform. As part of the pact, NSE with the support of the

Sun Pharma to acquire 16.33% stake in Surgimatix for .05 million. Sun Pharmaceutical Industries Ltd on Tuesday said it will acquire a 16.33 per cent stake in Surgimatix, Inc, a US-based firm for USD 3.05 million (over Rs 25 crore). Surgimatix is engaged in the business of developing a proprietary soft tissue fixation dev

Sebi takes steps to boost ease of doing biz, compliance reporting. With an aim to promote ease of doing business and compliance reporting, Sebi on Tuesday came out with measures for centralization of certifications under the Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS) at KYC Registration

ATR sees India as its biggest market in 10 years as air travel demand soars. ATR, a joint venture between Airbus and Leonardo, currently has around 1,400 aircraft operating globally

Mass production of LCD displays can start in India in 18-24 months: Innolux. A joint venture of diversified group Vedanta and Taiwan-based Innolux can begin mass production of LCD displays in India in 18-24 months after receiving government approval, a senior official of Innolux said. Vedanta has formed a joint venture with Innolux

Hindalco Industries subsidiary Novelis files draft papers for US IPO. Novelis will not receive any proceeds from share sale

NCLT allows Tata Steel's proposal to withdraw merger with TRF Ltd. The NCLT has approved Tata Steel's proposal to withdraw merger with TRF Ltd, according to an exchange filing. On February 7, Tata Steel had said that its board has decided not to pursue the amalgamation of TRF Ltd, as the associate company is witnessing a

A-I, Vistara merger in progress, awaiting approvals: Singapore Airlines. Singapore Airlines on Tuesday said the proposed merger of Air India and Vistara is in progress, and is awaiting foreign direct investment and other regulatory approvals. Vistara is a joint venture between Singapore Airlines and Tata Group. The merger of Vi

Walmart's International Q4 sales growth driven by Flipkart, Mexico, China. Walmart International comprises the retail giant's operations outside the US, including retail websites

Swan Energy's QIP opens with starting price fixed at Rs 703 per share. Swan Energy on Tuesday announced opening of its Rs 4,000 crore fund raise through a qualified institutional payment (QIP), with a starting price fixed at Rs 703.29 per share. In a stock exchange filing, Swan said pricing of the issue would be decided on Fe

Byju's investors call for EGM on Friday to ouster founder, family members. Amidst financial turbulence at Byju's, a group of key investors at the edtech have called for an extraordinary general meeting on Friday to oust its founder CEO Byju Raveendran and his family members over "mismanagement and failures" at what was once India

Paytm doubling down on banking partnerships to streamline business. The company is moving swiftly to finalise these partnerships after the Reserve Bank of India (RBI) extended the deadline for restrictions on deposit and credit transactions of Paytm PB to March 15

ABB India result: PAT grows to Rs 345 cr, revenue at Rs 2,757 cr in Dec qtr. Electrification and automation major ABB India on Tuesday posted around 13 per cent rise in profit after tax to Rs 345 crore in fourth quarter ended December 31, mainly on the back of higher revenues. It had clocked Rs 306 crore PAT (profit after tax) duri

TCS chief says no cutting down on hiring, but wants to end work from home. Tata Consultancy Services (TCS) on Tuesday ruled out cutting down on hiring, saying it has no plans of doing so but it may have to pace hiring according to the evolving demand scenario. TCS is the largest Indian software exporter in terms of headcount, rev

PNB Housing Finance offer limited period fixed deposit rates for 23 months. These interest rates are applicable on all new and renewed fixed deposits booked until March 31, 2024, with a minimum deposit amount of Rs 10,000

A third of withdrawn insolvency processes fully settled, says IBBI. IBBI said that the credible threat of the code that a company may change hands has changed the behaviour of debtors

Flipkart looking to buy Reliance-backed on-demand delivery co Dunzo: Report. The retail arm of Reliance Industries, which picked up a 26% stake in Dunzo in 2022 for 0 million, has not approved the deal yet, the report added

HDFC Life launches health cover for Indian students studying overseas. HDFC Life on Tuesday launched a new cashless health policy for desi students pursuing education overseas, the premium for which will have to be paid in US dollars. The global student healthcare plan is designed for students in the 12-40 age bracket present

CCI approves Minda Corporation's proposed 8.79% stake purchase in Pricol. The Competition Commission of India (CCI) on Tuesday said it has approved Minda Corporation's proposed 8.79 per cent stake purchase in Pricol. Minda Corporation is in the business of manufacturing of auto components and caters to Original Equipment Manufac

We don't see hiring going down due to generative AI: TCS CEO K Krithivasan. His comments come at a time when the hiring done by industry has come down significantly. For instance, in FY23 the industry added a total new headcount of 290,000. This has fallen to 60,000 in FY24.

MCA notifies leniency plus regime under the Competition Act 2023. The current Act already contains a leniency provision

Look forward to seeing our leaders steer us to new heights: Flipkart CEO. Krishnamurthy said that Flipkart's growth in the past decade would have been impossible without their contribution

Urban Company customises app to make it convenient for visually impaired. On-demand home service provider Urban Company has updated its app to make it convenient for visually impaired persons to book services. The update works with 'Voice Over' on iOS and 'TalkBack' on Android -- commonly used screen reading software by persons

Zee, Sony in discussions to save the called off billion merger: Report. Sony-Zee merger: Punit Goenka, managing director and chief executive officer at ZEEL, has agreed to Sony's demand of him not becoming the CEO of the merged entity

BSNL floats Rs 65,000 crore tender for phase-III BharatNet project. The last date for companies to seek clarifications is March 3. Companies will have till April 2 to submit their bids

HAL, DRDO to begin Rs 60,000 crore Sukhoi fighter jet fleet upgrade. The project aims to enhance the aircraft's capabilities with new radars, mission control systems, electronic warfare capabilities, and integration of new weapon systems for the Indian Air Force

Tata Group in talks with two Taiwanese companies for chip plant in Dholera. Tata Group has also reportedly finalised the details of the land and will break ground soon

Juniper Green Energy, Envision tie up to develop 300-MW wind project in Guj. Juniper Green Energy and Envision Energy have collaborated for the development of a 300-MW wind energy project in Gujarat. As per the partnership, Envision will supply 91 units of EN 156-3.3 MW WTGs (wind turbine generators) and oversee the installation, c

72% fewer Indian fintech startups incorporated in 2023 than in 2021: Report. There have been around 30 acquisition deals in the Indian fintech space in 2023 and 20 out of these were done by large companies with over 1,000 employees or funding of over million

Renault India partners BLS E-Services for enhancing sales in rural market. Automaker Renault India on Tuesday said it has partnered with technology-enabled digital service provider BLS E-Services to enhance availability and accessibility of its vehicles in rural India. The two partners have signed a memorandum of understanding (M

JSW Group, Volkswagen in talks for electric vehicle joint venture in India. This proposed project with Volkswagen would be distinct from the joint venture already underway with SAIC Motor Corp, wherein JSW Group holds a 35% stake

Zoomcar, SPARKCARS to develop EV self-drive, aim to add 1,000 cars in 2 yrs. Car sharing marketplace Zoomcar on Tuesday said it has partnered with electric vehicles self-drive rental firm SPARKCARS with a plan to introduce over 1,000 EVs on its platform across India within the next two years. The partnership will help increase the

Radisson to open second hotel in Ayodhya with EaseMyTrip, Jeewani Group. This comes just weeks after Radisson announced that it will make its debut in Ayodhya with Park Inn

Ashok Leyland lays foundation stone for electric bus plant in Uttar Pradesh. The primary focus will be on the production of electric buses while also having the capability to produce other vehicles powered by existing and other emerging alternative fuel

JSW Steel in talks with Australia's Whitehaven for coal mine stake. The miner acquired the Blackwater and Daunia mines from BHP Group in a .1 billion deal last October, and expects the acquisition to complete in early April

Samsung's campus programme at VTU to train 1,100 youths in AI, IoT domains. Samsung Semiconductor India Research has inaugurated its 'Samsung Innovation Campus' programme at the Visvesvaraya Technological University to upskill youth in future tech domains such as Artificial Intelligence (AI) and Internet of Things (IoT) and make t

Sun Pharma to acquire 16.33% stake in US-based Surgimatix for million. The transaction is expected to be completed by the end of February 2024, pending fulfilment of certain conditions

Pocket FM to invest million to bolster its online reading platform. Pocket Novel aims to play a pivotal role in unlocking opportunities and connecting writers with millions of readers, understanding immense potential within the underpenetrated novel market in India

TVS Supply Chain Solutions extends contract with Rolls-Royce for 5 years. The partnership extension is for the state-of-the-art Parts Distribution Centre (PDC) in Singapore serving the Asia Pacific markets for Rolls-Royce's Power Systems business unit

PayPal registers with FIU of India under anti-money laundering law. American online payments gateway service provider PayPal has registered its operations with the Financial Intelligence Unit of India, about six years after a protracted legal battle ensued between the two entities. Official sources told PTI that the compan

IPO-bound Unicommerce expanding oversees ops by client acquisitions. IPO-bound SaaS platform Unicommerce is expanding its overseas operations by onboarding more clients, a top official said on Tuesday. Unicommerce is already serving 46 clients in Singapore, the Philippines, Indonesia, the UAE, and Saudi Arabia and is now ex

Paytm fiasco: FM Sitharaman to meet heads of fintech firms next week. Amid the ongoing problem faced by leading fintech player Paytm, Finance Minister Nirmala Sitharaman has decided to meet heads of financial technology companies next week to persuade them to strictly follow regulatory norms. Paytm Payments Bank Ltd, an enti

Tarun Chhabra to replace Sanjay Malik as Nokia India country manager. Finnish IT and tech firm Nokia on Tuesday announced the appointment of Tarun Chhabra as its country manager in India with effect from April 1, 2024. He will replace Sanjay Malik who retires on March 31, 2024. "Tarun Chhabra will continue in his role of Hea

NBCC bags Rs 560 cr contract to construct permanent campus of NIT, Sikkim. State-owned NBCC on Tuesday said it has bagged a contract worth Rs 560 crore to construct a permanent campus of the National Institute of Technology, Sikkim. In a regulatory filing, NBCC informed that it has bagged a contract for the construction of the pe

EV startup Vidyut raises million, aims to expand to 40 cities. Vidyut to deploy new funds to scale its new offerings include EV insurance, lifecycle management, and EV resale

Debtors resolving cases before admission under insolvency law: IBBI. Over 27,500 applications for resolution process against corporate debtors have been withdrawn before their admission, with regulator IBBI emphasising that the credible threat of the insolvency law that ownership of debtors might change has changed the beha

Raymond Realty launches Bandra project with Rs 2,000 cr revenue potential. Raymond Realty, the real estate arm of Raymond Group, on Tuesday said it will develop a premium housing project at Bandra in Mumbai with an estimated revenue of around Rs 2,000 crore. In a regulatory filing, Raymond Ltd informed that the company has launch

Whirlpool sells 24% stake in India unit for 8 mn, now holds 51%. Whirlpool conducted the sale through its subsidiary in Mauritius, reducing its stake in the entity from 75% to 51%

JSW Group, Volkswagen begin talks to set up electric vehicle joint venture. The talks with JSW came within days of the German carmaker announcing that it would supply electric vehicle components and battery cells to Mahindra & Mahindra

Data breach: No impact on biz ops, says Motilal Oswal Financial Services. Cybercrime group LockBit had claimed the attack on MOSL on its dark web site, according to a report by news portal TechCrunch

Tesla Power India planning to hire over 2,000 people across verticals. Tesla Power India on Monday said it is planning to recruit over 2,000 employees across various verticals as part of its expansion plans. The planned recruitment drive will encompass positions across engineering, operations, sales, marketing, and support fu

Finolex Cables to double optic fibre cable capacity for Rs 580 cr capital. Finolex Cables on Monday signed an agreement with the Maharashtra industries department to invest Rs 580 crore to more than double its optic fibre cables capacity to 10 million fibre km per year as 5G rollout is leading to higher demand for last mile conne

Deepak Fertilisers ties up with Norway's Equinor for long-term LNG supply. Deepak Fertilisers and Petrochemicals Corporation Ltd (DFPCL) on Monday said it has entered into a long-term agreement with Norway's Equinor for supply of Liquefied Natural Gas (LNG). In a regulatory filing, DFPCL said the a long-term LNG contract will str

Conscious call not to accept high cost deposits, says HDFC Bank CEO. HDFC Bank shares came under pressure after the Oct-Dec earnings numbers due to slower than expected growth in deposits and compression in net interest margin

RenewSys to set up PV modules, cell manufacturing units in Telangana. RenewSys India Pvt Ltd on Monday signed an MoU with the Telangana government for setting up multiple PV modules and PV Cell manufacturing units in the state with a phased investment of around Rs 6,000 crores. RenewSys is a company headquartered in Singapor

Kotak Mahindra Bank announces key changes to its leadership team. KVS Manian to be joint MD, Shanti Ekambaram Dy MD; new COO, group CFO & CRO appointed

Whirlpool promoter likely to sell 24% equity stake through block deals. Total deal size may range between Rs 2,337 crore and Rs 3,739 crore

Meta doubling down on WhatsApp Business in India, says MD Devanathan. The company also enabled payment options within the chats from different platforms apart from its own. These platforms include UPI apps, debit and credit cards, among others

NCLT orders Mehul Choksi-promoted Gitanjali Gems' liquidation under IBC law. The National Company Law Tribunal (NCLT) has ordered liquidation of jewellery retailer Gitanjali Gems, promoted by absconding diamantaire Mehul Choksi, under Section 33 of the Insolvency and Bankruptcy Code, 2016. The bench also appointed Santanu T Ray as

WBIDC moves HC challenging arbitration award to TaMo over Singur plant. The West Bengal Industrial Development Corporation (WBIDC) on Monday moved the Calcutta High Court, challenging an arbitration award to Tata Motors Ltd on account of loss of capital in investments made in the abandoned car manufacturing plant at Singur. Th

We will add some Paytm's customers: PhonePe co-founder & CEO Sameer Nigam. Nigam was in conversation with Shradha Sharma, founder and CEO, YourStory at the Mumbai Tech Week 2024

Bidding pipeline in West Asia remains very strong: Larsen & Toubro. Analysts tracking L&T noted the company was an L1 bidder for a .5 billion contract related to this expansion project

A-I to upgrade Boeing 777, 787 fleet with Thales entertainment system. Air India's existing fleet of 40 Boeing 777s and 787s will be upgraded with Thales' inflight entertainment system. The fleet will be upgraded with AVANT Up inflight entertainment solution, according to a release on Monday. "Thales will upgrade and retrofit

Two entities divests 11.8% stake in Sula Vineyards for Rs 573 crore. Investment firm Verlinvest Asia Pte and Mousserena LP divested a total of 11.8 per cent stake in leading wine producer Sula Vineyards for Rs 573 crore through open market transactions. Verlinvest Asia Pte offloaded 70,42,275 shares representing 8.34 per ce

BCML announces Rs 2,000 cr capex in India's 1st industrial bioplastic plant. Balrampur Chini Mills Limited (BCML), a leading integrated sugar mill company on Monday announced a Rs 2000 crore forward integration project which will be the first-ever "industrial bioplastic" plant in India. The Kolkata-based company said this diversifi

Mitsubishi to enter Indian car market with over 30% stake in TVS Mobility. Leveraging TVS Mobility's existing network of approximately 150 outlets, the new venture will also establish dedicated stores for each car brand

Jefferies Financial stops coverage on Paytm until regulatory issues ease. Paytm has seen its shares lose more than half of their value since the banking regulator's surprise clampdown amid concerns over the continuity of its business model

Nvidia market rally: What's behind the US-based company's bull run?. The market data shows that the Nvidia's shares have rallied over 250 per cent in the last one year

Zomato plans D2C expansion of Blinkit to compete with ecommerce giants. This ambitious endeavour would involve building a dedicated supply chain infrastructure to directly source branded products and manage inventory, to compete with giants like Amazon and Flipkart

AI sales platform Kanlet raises 0,000 in pre-seed funding led by Suvan. Company that provides data and insights for B2B sales will use the financing for product development, marketing

Air India, Tata Advanced Systems to invest Rs 2,300 crore in Karnataka. Out of the total investment, Air India will invest Rs 1,300 crore to conduct maintenance, repairs, and overhaul of planes at the Bengaluru airport

Pure EV raises mn from consortium of investors in latest funding round. Electric two-wheeler firm Pure EV on Monday said it has raised USD 8 million (around Rs 66 crore) from a consortium of investors. The funding was led by Bennett Coleman and Company Ltd, Hindustan Times Media Ventures, alongside Ushodaya Enterprises Pvt Ltd

Prime Video, Sony launch 'Sony Pictures - Stream' in India at Rs 399. Sony Pictures - Stream will include blockbuster movies, classics, and popular TV shows, all available through Prime Video Channels, curated for an Indian audience

At 5 billion, Tata Group's market cap more than Pakistan's economy. The market capitalisation of Tata Group stood at 5 billion, while the IMF estimated Pakistan's GDP to be almost 1 billion

Power Grid approves investments of Rs 656 cr for transmission projects. State-owned Power Grid Corporation on Monday said its board has approved an investment worth about Rs 656 crore for implementation of electricity transmission projects in the country. "...its Board of Directors and 'Committee of Directors on Investment on

ED has not yet found forex breaches at Paytm Payments Bank: Report. Last week, India's Enforcement Directorate announced the investigation into overseas transactions by Paytm Payments Bank, a unit of One 97 Communications, popularly known as Paytm

Mitsubishi Corp to acquire 32% stake in TVS Vehicle Mobility for Rs 300 cr. TVS Mobility holds dealerships of major companies like Ashok Leyland, Honda, Mahindra and Renault among others, mainly in states like Tamil Nadu, Kerala, Karnataka, AP, Telangana and MP

Future Consumer defaults on payment of Rs 133 crore towards debentures. Future Consumer Ltd (FCL) has defaulted on the payment of Rs 132.97 crore towards payment of principal and interest of Non-Convertible Debentures (NCD) issued by the company to CDC Emerging Markets. FCL had defaulted on payment towards interest amount of R

Air India, Tata Advanced Systems set to invest Rs 2,300 crore in Karnataka. The strategic move is expected to enhance Karnataka's aerospace ecosystem and help create over 1,600 direct and 25,000 indirect jobs in the state

Prime Video, Sony Pictures launch add-on service Stream at Rs 399. Prime Video has entered a distribution agreement with Sony Pictures Television (SPT), a division of Sony Pictures Entertainment (SPE), to launch a add-on subscription on the streamer for viewers in India. Sony Pictures Stream will offer SPE's movies and s

ITDC looking for new biz opportunities, strengthening regional offices: MD. State-owned India Tourism Development Corporation Ltd is looking for new business opportunities besides strengthening its existing verticals as it seeks to carry forward the momentum of record financial performance of last fiscal, according to its Managing

This brand beat Titan to lead as India's luxury goods maker on top 100 list. Deloitte's Global Powers of Luxury Goods rankings 2023 featured six Indian brands on the list of top 100 luxury goods makers globally

Arvind SmartSpaces sells 220 residential plots in Bengaluru for Rs 160 cr. Realty firm Arvind SmartSpaces Ltd on Monday said it has sold over 220 units in a residential plotted development project in Bengaluru for more than Rs 160 crore. In a regulatory filing, the company informed that "it has sold out the entire inventory relea

Plan to launch 'high-end luxury' models from this year, says China's BYD. BYD's Shenzhen-listed shares closed up 1.3% on Monday after stock trade resumed following the Lunar New Year holidays, while its Hong Kong-listed shares slipped 1.9%

MCA, Meta to curb AI-generated misinformation with WhatsApp helpline. The Misinformation Combat Alliance (MCA) and Meta have announced that a dedicated fact-checking helpline on WhatsApp - aimed at combating deepfakes and deceptive AI-generated content - will be available for the public in March 2024. The pledge to crack dow

Meta to introduce a fact-checking helpline on WhatsApp to fight deepfakes. The chatbot will offer multilingual support in English and three regional languages including Hindi, Tamil, and Telugu, said Meta.

You've money to buy Go First but not to pay Credit Suisse: SC to Ajay Singh. Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over outstanding debts of approximately million

Whirlpool set to sell 24% of India stake for up to 1 mn via market deals. Goldman Sachs is advising Whirlpool on the deal, the term sheet showed. Goldman and Whirlpool did not immediately respond to requests for comment

Coal India to bid for 3 mines in critical minerals auctions in February. The world's largest miner has also visited lithium mines in Australia and is in preliminary talks about operating them, Chairman said

Brokerage house Jefferies drops rating on Paytm amid uncertainties. Shares of Paytm gain for the second straight session

RVNL's order book touches Rs 65,000-cr mark, plans to add foreign projects. Public Sector Undertaking RVNL's order book has touched Rs 65,000 crore, 50 per cent of which are railway projects, the company has said. RVNL is also looking for new projects in off-shore markets including Central Asia and UAE and Western Asia, the manage

Confidential data breach in Motilal Oswal by ransomware gang LockBit. Last year, the LockBit group also attacked Indian pharmaceutical company Granules India and India's state-owned National Aerospace Laboratories, as per TechCrunch.

Adani Total Gas looks to increase adoption of LNG as primary fuel. With quicker adoption of liquified natural gas (LNG) becoming a centre point in government's gas policy and to control greenhouse gas (GHG) emissions, leading city gas distributor (CGD) Adani Total Gas Ltd has identified this super-chilled fuel to fuel its

Sundaram Alternates looks to raise Rs 1,000 cr from global investors. Sundaram Alternates Assets (SAA), the private equity arm of Sundaram Finance Group, plans to raise about Rs 1,000 crore from global investors to fund green real estate projects in India. "This move reflects our commitment to build on our own track record,

Harley-Davidson, Triumph blaze a trail, give Royal Enfield a tough ride. Make waves in above 350cc segment, growing demand spurs production growth

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