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NSE share market NEWS tomorrow (16 August, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (16 August, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 16 August 2023

Kalyan Jewellers was amongst the top gainers, currently trading at 222.80 in NSE with 1.787 times change in volumes and 6.705% change in price. Other gainers included Jsw Energy with 5.976% price change and 0.744 times volumes, Uno Minda with 5.085% price change and 9.349 times volumes, Piramal Pharma with 4.767% price change and 2.533 times volumes, and Macrotech Developers with 3.934% price change and 1.825 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.

Crompton Gr was amongst the top losers, currently trading at 282.70 in NSE with 1.631 times change in volumes and -5.876% change in price. Other losers included Indus Towers with -5.81% price change and 3.287 times volumes, Bse with -4.557% price change and 1.703 times volumes, Coforge with -3.811% price change and 1.343 times volumes, and Interglobe Aviatio with -3.548% price change and 26.698 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.

Wipro partners with IIT Delhi to launch generative AI centre of excellence. IT major Wipro on Wednesday said it has launched a centre of excellence on generative artificial intelligence in partnership with the Indian Institute of Technology, Delhi. Set up on the premises of the Yardi School of Artificial Intelligence at IIT Delhi,

Shares of SBFC Finance gains 62% on trading debut, subscribed over 70 times. The company has 152 branches spread across 120 cities and 16 Indian states

Boeing commences production of AH-64E Apache choppers for Indian Army. As a part of transferring production of defence equipment from the US to India, Boeing and the Tata Group have formed a joint venture called Tata Boeing Aerospace Limited (TBAL)

Wipro and IIT Delhi launch centre of excellence for AI innovation. Wipro's researchers, the ScAI faculty members, and IIT Delhi will collaborate to design innovative solutions using AI, machine learning, and other cutting-edge technologies

Adani sells shares in Adani Power to GQG Partners, others for bn. Adani Power's shares closed 2.2 per cent lower to settle at Rs. 279.30 apiece on the BSE

Burger King stops using tomato in food preparations amid soaring prices. Fast food chain Burger King has stopped using tomatoes in its food preparations, joining the list of other quick service restaurant (QSR) chains like McDonald's and Subway, amid soaring prices of the staple kitchen item. Burger King, operated by Restaurant

Aurobindo Pharma to launch HIV drug for children in 123 countries. The pharmaceutical company will launch its HIV triple combination product for children living with HIV in low- and middle-income countries under voluntary licence from ViiV Healthcare

Future Retail resolution professional seeks insolvency deadline extension. The resolution professional (RP) of Future Retail Ltd has approached the National Company Law Tribunal (NCLT), seeking a further extension till September 15 to complete the corporate insolvency resolution process (CIRP) of the debt-ridden firm. The RP of t

Several Dunzo dark stores go offline in Bengaluru amid worker salary delays. Dunzo's salary deferrals come even as the firm raised million in funding through convertible notes in April this year, indicating its high cash burn rate

JSW Investments divests 1.27% in JSW Energy for Rs 717 cr via open market. Promoter JSW Investments on Wednesday pared a 1.27 per cent stake in JSW Energy for Rs 717 crore through open market transactions. GQG Partners, Washington State Investment Board, AustralianSuper, Reliance Trust Institutional Retirement Trust Series Twelve

Voda Idea to pay Rs 1,680 cr auction instalment with delay of 30 days. Debt-ridden Vodafone Idea has sought 30 days more time to pay around Rs 1,680 crore for spectrum auction instalment due on Thursday, a senior company official said on Wednesday. The company has proposed to pay the amount with interest. "We have submitted a

Vodafone Idea expects payment liabilities to ease from Q3, says CEO Moondra. He reassured that Vodafone Idea will launch 5G services once the funding issue has been resolved

DynamoFL raises .1 mn to scale compliance-focused GenAI solutions. DynamoFL's flagship technology enables customers to train Large Language Models (LLMs) securely on sensitive internal data

Shobha Gangwal sells 3% in InterGlobe Aviation stake, mops up Rs 2,802 cr. Shares of InterGlobe finished at Rs 2,458 on Wednesday, down 3.6 per cent over its previous day's close

Wipro launches GenAI centre of excellence in collaboration with IIT Delhi. Serving as a hub for research and development, the CoE will unite Wipro researchers with IIT Delhi's faculty members and graduate students, focusing on real-world problems on a large scale

Alibaba's Antfin transfers 10.3% stake to Paytm chief Vijay Shekhar Sharma. Chinese e-commerce major Alibaba group firm Antfin has transferred its 10.3 per cent stake in One97 Communications to the fintech firm's founder and CEO Vijay Shekhar Sharma, according to a regulatory filing. The deal turns One97 Communications, which oper

Wockhardt shareholders reject resolution on related party transaction. Shareholders of pharma firm Wockhardt Ltd have rejected a resolution on a related party transaction that seeks to allow the company to raise up to Rs 1,600 crore from its promoter group firm Khorakiwala Holdings and Investments Pvt Ltd. At the company's an

Parminder Chopra takes over as first full-time women PFC Chairman, MD. State-owned Power Finance Corporation (PFC) on Wednesday said Parminder Chopra has taken over as its first full-time women Chairman and Managing Director. "Parminder Chopra has been appointed as Chairman and Managing Director (CMD) of PFC by the Government

CCI allows Apax Partners to acquire 30% stake in IBS Software Pte. Fair trade regulator Competition Commission of India (CCI) on Wednesday said it has approved Apax Partners' proposed acquisition of the stake in IBS Software Pte. The proposed combination relates to the acquisition of approximately 30 per cent of the issue

Burman Family buys 7.5% stake in Religare Enterprises for Rs 534 cr. The Burman Family on Wednesday acquired a 7.5 per cent stake in diversified financial services group Religare Enterprises for Rs 534 crore through open market transactions. Following the stake purchase, shares of Religare Enterprises zoomed 6 per cent to c

Repco Home Finance expects around Rs 14,000 cr AUM this FY: MD & CEO. Housing loan finance company Repco Home Finance expects to manage assets under management (AUM) of around Rs 14,000 crore by the current financial year, a top official said. The Tamil Nadu-based company was managing AUM of around Rs 12,400 crore at the beg

OYO to facilitate skill training for youths at its vacation home biz abroad. Hospitality tech platform OYO on Wednesday said it will facilitate on-the-job training across its vacation home business in countries such as Denmark to selected youth from Haryana in conjunction with Vishwakarma Skills University. OYO signed a memorandum

IndiGo to start flights from Delhi to Uzbekistan, Kazakhstan next month. No-frills airline IndiGo on Wednesday announced the launch of its direct air services to Uzbekistan and Kazakhstan in Central Asia from Delhi next month, subject to regulatory approval. The four times a week air services between Delhi and Tashkent in Uzbek

Over 750 eminent citizens come out in support of NewsClick amid allegations. More than 750 eminent citizens, including historian Romila Thapar, economist Jean Dreze and actor Naseeruddin Shah, on Wednesday came out in support of a news website which is alleged to have received dubious funds to spread Chinese propaganda. The allegat

DynamoFL raises .1 mn to scale privacy-focused AI for enterprise. DynamoFL on Wednesday announced that it has closed a USD 15.1-million funding round. Nexus Venture Partners and Canapi Ventures led the latest round, which also saw participation from other investors, the company said in a release. "The round, co-led by Ne

Aptech CEO Dr Anil Pant passes away after battling health conditions. Aptech Managing Director and CEO Anil Pant died on Tuesday, the company informed in a regulatory filing. "The company regrets to inform about the sad demise of Dr. Anil Pant, Managing Director and CEO of the company on Tuesday, August 15, 2023. Dr. Pant's

Fairfax sells 5.9% stake in IIFL Securities for Rs 118 cr via open market. Canadian billionaire Prem Watsa-backed Fairfax Group on Wednesday pared a 5.9 per cent stake in brokerage firm IIFL Securities for Rs 118 crore through open market transactions. Hamblin Watsa Investment Counsel Ltd (HWIC) Asia Fund, an affiliate of Fairfax

India's no 2 tycoon Gautam Adani may avoid stepping on Mukesh Ambani's toes. A fresh blow arrived Saturday as Deloitte Haskins & Sells LLP, the auditor of Adani's ports unit, abruptly resigned the same week June quarter results showed record revenue and operating profit

Top headlines: Gangwal to sell IndiGo shares, India Inc's Q1 result review. Business Standard brings you the top headlines at this hour

Apple's supplier Foxconn begins iPhone 15 production in Tamil Nadu. A Foxconn Technology Group plant in Sriperumbudur is preparing to deliver the newest devices only weeks after they start shipping from factories in China

Hyundai signs deal to acquire General Motors' Talegaon manufacturing plant. Facility in Maharashtra has annual production capacity of 130,000 units

M&M expects to produce 200K EVs from upcoming Chakan plant by 2029: Nakra. Mahindra & Mahindra expects electric vehicle production at its upcoming plant in Chakan in Maharashtra to hit peak production mark of 2 lakh units per annum between 2027 and 2029, according to company President -Automotive Sector Veejay Nakra. The company

Coal India capex spending grows 8.5% to Rs 4,700 cr in Apr-Jul: Officials. Coal India Ltd's capital expenditure rose 8.5 per cent during April-July this fiscal to Rs 4,700 crore as it continued to invest heavily in evacuation infrastructure, land, and mining machinery, officials said. The capex spend during the first four months

Aurobindo Pharma gets USFDA nod to make, market generic Icatibant injection. Aurobindo Pharma on Wednesday said its wholly-owned arm Eugia Pharma Specialities has received final approval from the US health regulator to manufacture and market generic Icatibant injection used in treatment of hereditary angioedema. The approval grant

TVS, BMW in discussions to expand manufacturing network beyond India. Chennai-based TVS Motor Company and Germany's BMW Motorrad are in discussions to expand manufacturing network beyond India under their long-term strategic partnership, the companies said on Wednesday. In April 2013, the two firms had entered into a partner

Hyundai Motor's India unit to buy General Motors' Maharashtra plant. The South Korean firm said it intends to upgrade the existing infrastructure at the Talegaon unit and start manufacturing in 2025. The plant currently has an annual production capacity of 130,000 unit

Zoom walks back on new terms of service after backlash over user data. Online video conferencing platform had proposed using customer data for AI training

Padmaja Reddy's Keertana expects loans to grow to Rs 3,000 cr by Mar '25. Approaching RBI for NBFC-MFI license

Hatsun Agro inaugurates 200th outlet under IBACO brand in Hyderabad. Dairy products maker Hatsun Agro Products has set up its 200th outlet under the premium ice cream brand IBACO in Hyderabad on Wednesday. The store has been set up in Pragathi Nagar, Hyderabad and would offer various flavors including almond crunch, cotton

Adani Power has shares worth bn change hands in attempt to recover. The company's stock fell as much as 4.1% after the bunched trades to Rs 274.4 (.30) and based on the average price, the deals are worth billion, according to Bloomberg calculations

Amara Raja Batteries to expand into two-wheeler market to power growth. The company, which owns the Amaron battery brand, aims to penetrate into two-wheeler EV market first with chargers and eventually through battery packs as it expands its so-called 'new energy' segment

Foxconn spends more to accelerate global migration as China falters. What replaces Foxconn's former mega-factory strategy will have huge ramifications for multi-billion dollar industries, geopolitics, and the world's largest economies

Phi Capital exits Minda Corp, sells stake to institutional investors. Fund realises net consideration of Rs 329 cr at a trailing EV/EBITDA

HCLTech announces new digital transformation deal from Cricket Australia. IT services company enable Cricket Australia to deliver immersive digital services across the world

Infosys signs 5-year deal with Liberty Global estimated at .64 bn. Collaboration will enable London-based video and broadband company to realise run-rate savings of more than 9 bn

Bata re-enters premium segment, eyes 20% sales from online channels. With inflation cooling off, leading shoemaker Bata is re-entering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital savvy consumers, according to company Managing Director

Adani Green Energy targets 45 gigawatts of renewable energy by 2030. Billionaire Gautam Adani's renewable energy company is targeting to set up 45 gigawatts (GW) of renewable energy capacity by 2030, as it looks to cut emissions and help India meet its carbon neutrality target. Adani Green Energy Ltd has 8,316 megawatts (8.

Cafe Coffee Day logs Q1 net profit of Rs 25 cr, revenue at Rs 223.20 cr. Coffee Day Global Ltd (CDGL), which operates coffee chain CCD, has posted a net profit of Rs 24.57 crore for June quarter 2023-24. In the year-ago period, it incurred a loss of Rs 11.73 crore. Revenue from operations was at Rs 223.20 crore in the quarter u

Gangwal family likely to sell IndiGo stake worth Rs 3,730 cr via block deal. Offer floor price of Rs 2,400 per share is 6% discount to last closing price

IndiGo co-founder's family to sell shares worth up to 0 million. The offer floor price for the sale by Rakesh Gangwal and wife Shobha Gangwal is set at Rs 2,400 per share - nearly a 6% discount on the current market price

Bata bolsters premium portfolio, aims 20% sales from online channels: CEO. With inflation cooling off, leading shoemaker Bata is bolstering the premium price points with fresh portfolios while it increases spending on advertising and promotions to connect with young digital-savvy consumers, according to company Managing Director

Gangwal family to sell Rs 3.7K crore IndiGo shares; block deal likely today. Offer floor price of Rs 2,400 per share is 6% discount to last closing price

Indian per capita income to grow sevenfold by FY47, says SBI Research. The buoyancy in the number of tax filers earlier not reporting income also contributed to the upward push

IRCTC sounds alarm about fake mobile app campaign to trick customers. IRCTC, the catering and tourism arm of the railways, has warned its customers about the circulation of a malicious mobile app campaign prompting them to open IRCTC Rail Connect to trick them. Stating that it is a fake application, the Indian Railway Cateri

Riding on new OJA platform, M&M targets to double exports in 3 years. The Mahindra OJA 27 HP tractor will be priced at Rs 5.64 lakh, while the OJA 40 HP tractor will cost Rs 7.35 lakh - priced competitively against its competition

Mahindra looks to scale up global play; unveils new pickup concept. Mahindra & Mahindra on Tuesday said it aims to bolster its presence globally as it unveiled a pickup concept, which it plans to introduce in the international markets. The auto major, which also showcased the electric version of its sports utility vehicle

We will reinvent the motorcycle category for the world: Ola Electric CEO. Ola unveils e-bike, cheapest e-scooter

Claims worth Rs 45K cr against Bharti Airtel, subsidiaries under litigation. Telecom operator Bharti Airtel on Tuesday said claims worth Rs 45,286.76 crore against the company and its subsidiaries are under litigation in various courts across the country. The pending litigations include a demand of Rs 15,178 crore, the highest amon

Flying back into black, SpiceJet reports highest profit in 4 years. The jump in net profit can be attributed to a 17 per cent decline in the company's total expenses from Rs 2,504.7 crore in Q4FY23 to Rs 2,069 crore in the first quarter of the current financial year

LT Foods, ICAR-NCIPM ink initial pact to give sustainable farming training. LT Foods on Monday said it has signed an initial pact with the Indian Council of Agricultural Research-National Research Centre for Integrated Pest Management (ICAR-NCIPM) to train 10,000 farmers in four states on sustainable farming practices. As per the

Beyond estimates: ITC's profit puffs up over 16% to Rs 5,104. 93 crore. Cigarette, FMCG (non-cigarette), and hotel segment top performers

IRCTC, DMRC join hands to introduce 'One India-One Ticket' initiative. Passengers travelling by train or air will soon be able to "reserve tickets" in advance in Delhi Metro for their forward journey as the IRCTC and DMRC have joined hands to introduce the 'One India-One Ticket' initiative, officials said on Monday. However,

Brookfield India REIT Q1 net operating income rises to Rs 245 crore. Brookfield India Real Estate Trust on Monday reported a 4.5 per cent increase in net operating income to Rs 245.3 crore in the June quarter and announced distribution of Rs 164.16 crore to unitholders. Adjusted net operating income grew 4.5 per cent year-o

Aster DM posts 93% fall in Q1 profit on new hospital losses, taxes. Aster DM's new hospitals, including Aster Royal Hospital Muscat and Aster Narayanadri Tirupati, reported losses of Rs 2900 cr for the June quarter, the company said

ITC board fixes share entitlement ratio at 1:10 for demerged hotels biz. Diversified entity ITC Ltd on Monday said shareholders will get one equity share of ITC Hotels for every 10 shares held in the demerged company (ITC Ltd), according to the entitlement ratio. At the board meeting of ITC Ltd held on Monday, it was decided th

Ashok Leyland acquires OHM to house E-MaaS business, will invest Rs 300 cr. Electric mobility as a service 'important part' of commercial electric vehicle business, says conglomerate

Ford lures Apple executive to run new unit selling software subscriptions. Ford has hired away a key Apple executive to run a new business unit that will sell software-related subscription services to vehicle owners. The Dearborn, Michigan, automaker said Monday it hired Peter Stern, who was Apple's vice president of services. He

Through mutual fund lens, Adani group stocks are in line of sight. Exposure remains less than 3% in most companies

Jio rolls out 5G service in 26 Ghz band, claims top speed of 2 gbps. Reliance Jio Infocomm on Monday said it has rolled out 5G services in 26 gigahertz millimetres across India and has claimed a record top speed of up to 2 gigabits per second. The millimetre wave is a short-length radio wave that almost works like a dedicat

ideaForge gets Rs 88 cr surveillance quadcopters order for Indian forces. The drone manufacturer launched its initial public offering (IPO) in June this year at a 94 per cent premium to the issue price of Rs 638 to Rs 672

Byju's hires Infosys veteran Richard Lobo to steer human resources function. Lobo joins Byju's after a 23-year career at Infosys, where he held various leadership roles, most recently serving as its EVP and Head of HR

ITC board approves demerger of hotel business; listing in 15 months. Trademarks jointly used by ITC's other businesses and hotels business would be licensed to ITC Hotels, on mutually agreed terms

Byju's ropes in former Infosys senior exec Richard Lobo for HR functions. Edtech major BYJU's on Monday said it has roped in former senior executive of IT company Infosys, Richard Lobo, to drive the company's human resource functions. Lobo joins BYJU's after a 23-year career at Infosys, where he held various leadership roles, mo

Adani Ports for minimum 50 yrs of concession period in PPP projects. Adani Ports and Special Economic Zone (SEZ) on Monday emphasised the need for an "extended" concession period of at least 50 years and a comprehensive dispute resolution mechanism in the Public-Private Partnership (PPP) model in infrastructure projects. Th

Vodafone Idea Q1 net loss widens to Rs 7,840 cr, revenue up by 2.3%. Debt-ridden telecom operator Vodafone Idea on Monday said its consolidated net loss widened to Rs 7,840 crore in the first quarter ended June 30. The company had posted a net loss of Rs 7,295.7 crore in the same period a year ago. The consolidated revenue

Vodafone Idea Q1 loss widens 7.5% to Rs 7,837 crore on high expenses. The company suffered higher expenses due to a spike in finance cost

Tobacco-to-soap conglomerate ITC approves hotel business spin-off. The decision to spin off its upmarket lodging arm had been widely anticipated by analysts and investors

Intuit executive Alex Chriss to become president and CEO of PayPal. Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulm

Supreme Court defers execution proceedings by Reliance Infra against DMRC. DMRC had moved a curative petition asking the apex court to reconsider its 2021 order upholding the arbitral award in Reliance Infra's favour

HDFC Bank merger helped boost credit offtake to 19.7%: Care Ratings. The merger of HDFC with HDFC Bank has pushed credit offtake by an incremental 500 basis points to 19.7 per cent for the fortnight to July 28, excluding which the system-wide lending growth was only 14.7 per cent on-year, according to a report. The largest

Vodafone Idea gets Rs 2,000 cr fund support assurance from promoter group. Debt-ridden Vodafone Idea has received funding assurance of up to Rs 2,000 crore from a promoter group entity, the company said in a regulatory filing on Monday. The company has reported gross debt of Rs 2.11 lakh crore as on June 30, 2023. "The Company ha

Sebi bars Punit Goenka from holding key post in Zee-Sony merged entity. According to Sebi's order, Goenka will remain barred from holding key positions in the merged entity too

Deloitte exit triggers sell-off in Adani stocks; m-cap down by Rs 25k cr. Stocks sink 2-4 per cent, leads to Rs 25,000-crore hit on m-cap

Sunil Munjal to exit Hero MotoCorp as part of family agreement in 2016. The management and control of listed entity vested with the family Group and Sunil Kant Munjal resigned as joint managing director in the listed entity

Adani Group agrees to buy remaining stake in Quintillion Business Media. Quint Digital Media is the parent group of Quintillion Business Media. Adani Group already has a 49% stake in Quintillion Business Media.

Adani probe comes to end as Sebi tightens disclosure for big firms. Sebi had sought more time to complete the probe, but the court - amid a slump in Adani shares following a damaging report published in January by US shortseller Hindenburg Research

Union Bank of India begins probe into RCom loan, seeks firm's response. The Union Bank of India has started examination of a loan sanctioned to Reliance Communications (RCom) from the angle of fraudulent practice and has sought the company's response, according to a regulatory filing. The company is undergoing an insolvency re

Samsung to get Rs 600 crore under PLI scheme for smartphones: Report. Samsung had claimed incentives of about Rs 900 crore for generating revenues of about Rs 15,000 crore from smartphone sales in 2020-21

LS Digital buys Social Panga in 3rd acquisition after Langoor, F1 Studioz. The new creative agency will be India's largest integrated marketing platform

Adani group stocks fall as Deloitte resigns as auditor for Adani Ports. Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a

Back to the theatre: PVR Inox made over Rs 100 cr this blockbuster weekend. Between August 11 and 13, the number of viewers in various PVR Inox cinemas crossed 3.36 million. This highest-ever weekend viewership helped the company earn gross revenue of over Rs 100 crore

L&T Construction to build cricket stadium in Varanasi with 30,000 capacity. The B&F Business has secured another order from the Bangladesh Hi-Tech Park Authority to construct hi-tech IT parks across four districts of Bangladesh

Sebi seeks 15 days more in Adani-Hindenburg probe, investigates 24 matters. Markets regulator's application before Supreme Court says it has 'progressed substantially' in investigation

SpiceJet back in black; posts Rs 205 crore profit in June quarter. No-frills carrier SpiceJet on Monday reported a net profit of Rs 205 crore in the three months ended June, helped by strong air travel demand. The airline, which is facing multiple headwinds, had recorded a net loss of Rs 789 crore in the year-ago period.

Vikas Lifecare Q1 net profit jumps to Rs 13.31 cr on back of higher income. Recycling player Vikas Lifecare has posted a manifold jump in its standalone net profit at Rs 13.31 crore during the June quarter, on account of higher income. It had clocked a net profit of Rs 2.33 crore in April-June period of the preceding 2022-23 fisca

Go First seeks emergency funding of Rs 100 crore from creditor banks. The funds will go towards operational costs such as insurance and repairs that could keep the airlines afloat

IRB Infrastructure toll revenue grows 14% to Rs 365 crore in July. IRB Infrastructure Developers Ltd (IRB) on Monday said its revenue from toll collection grew by 14 per cent to Rs 365 crore in July 2023. Toll collection stood at Rs 320 crore in same month last year, IRB said in a statement. Out of the 12 tolls, the IRB M

Capital Small Finance Bank Q1 total business grows 15.58% to Rs 12,584 cr. Capital Small Finance Bank Limited on Monday said its total business grew by 15.58 per cent to Rs 12,584 crore for the quarter ended June 2023. The Jalandhar-headquartered bank's total business was Rs 10,888 crore during the first quarter of the last finan

MRPL to phase out exports in next 2-3 years as it adds retail outlets. MRPL's exports, previously 2-3 cargoes each of diesel and jet fuel monthly, have suffered in the last six months as maintenance shutdowns at other refiners raised demand for its fuel

SK Hynix denies negotiation, collaboration with SRAM & MRAM for chip plant. South Korea-based SK Hynix on Monday said that the company neither had any negotiation with SRAM & MRAM Group, nor has any plans to collaborate with it for a semiconductor manufacturing or testing unit in India. UK-based SRAM & MRAM Group chairman Sailesh

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