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NSE share market NEWS tomorrow (17 May, 2023). NSE stocks in NEWS (tomorrow)

NSE share market NEWS tomorrow (17 May, 2023). NSE stocks in NEWS (tomorrow) These are NSE stocks which will be in NEWS tomorrow as on 17 May 2023

Kaynes Technology was amongst the top gainers, currently trading at 1169.30 in NSE with 33.97 times change in volumes and 17.053% change in price. Other gainers included Amber Enterprises with 15.389% price change and 7.999 times volumes, Iifl Holdings with 5.57% price change and 1.091 times volumes, Exide Industries with 5.494% price change and 4.065 times volumes, and Suzlon Energy with 5.488% price change and 5.425 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.

Oberoi Realty was amongst the top losers, currently trading at 914.90 in NSE with 4.404 times change in volumes and -6.179% change in price. Other losers included Lic Housing with -6.144% price change and 2.172 times volumes, Jindal Steel with -5.05% price change and 3.05 times volumes, Idea Cellular with -4.082% price change and 0.616 times volumes, and Aurobindo Pharma with -3.406% price change and 0.295 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.

Deepak Fertilisers' Q4 profit after tax declines 9% to Rs 257 crore. Deepak Fertilisers and Petrochemicals Corporation (DFPCL) on Wednesday reported a 9 per cent decline in consolidated profit after tax (PAT) to Rs 257.37 crores in the March 2023 quarter. The industrial chemicals and fertilisers producer's PAT was Rs 282.91

Future Retail receives bids from 6 applicants in bankruptcy resolution. Debt-ridden Future Retail Ltd said on Wednesday it had received bids from six applicants in its insolvency resolution process

GlaxoSmithKline Pharma's pre-tax profit falls 8% on govt pricing caps. India's GlaxoSmithKline Pharmaceuticals Ltd reported an 8.6% fall in its pre-tax profit for the fourth quarter on Wednesday, hurt by the government's curbs on pricing of some essential medicines

Burger King's India operator posts bigger loss as costs of essentials rise. Restaurant Brands Asia , earlier known as Burger King India, reported a wider fourth-quarter loss, as it spent more on ingredients at a time when it is also expanding in India and Indonesia

India saw only 100 deals valued at bn in April, 47% dip in deal volumes. India saw only 100 deals valued at billion, with a 47 per cent decline in deal volumes and a steep 89 per cent decline in values compared to April 2022, a report showed on Wednesday

Thermax beats Q4 profit expectations on back of strong sales growth. Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.

Room rates, occupancy surpass pre-Covid levels for hotels, says report. Mahindra Holidays is aggressively expanding its inventory by acquiring properties and creating more resorts

Realty firm Group 108 signs MoU to invest Rs 2,000 crore in Noida. Realty firm Group 108 on Wednesday said it has proposed to invest Rs 2,000 crore to develop new projects in Noida and Greater Noida as part of its expansion plan. The company, earlier part of Bhutani Group and now re-branded as Group 108, is currently deve

SKF India's Q4 consolidated profit after tax rises 12% to Rs 122 cr. Auto parts maker SKF India on Wednesday reported a 12 per cent increase in consolidated Profit After Tax (PAT) at Rs 122.93 crore in the March 2023 quarter. The Pune-based company had posted a profit of Rs 109.48 crore in Q4 of FY22, as per a statement. Th

Jindal Stainless to raise upto Rs 5,000 cr through multiple instruments. Jindal Stainless Ltd (JSL) on Wednesday said its board has approved a proposal to raise up to Rs 5,000 crore through multiple financial instruments. The board of directors of the company at its meeting on Wednesday approved raising funds up to Rs 5,000 cro

Digital solutions company STL logs Rs 6,925 crore in revenue, PAT grows 51%. STL said it reported record revenue of Rs 6,925 crore, growing 27 per cent over the previous year along with 29 per cent in EBITDA (Rs 931 crore) and 51 per cent growth PAT (Rs 245 crore)

Hinduja group patriarch Srichand P Hinduja passes away at 87 in London. In the '80s, the brothers were accused of taking commission from manufacturers of Bofors guns, a charge the high court rejected

Black+Decker announces licencing agreement with Indkal Technologies. Indkal's new collection of Black+Decker products will be available on amazon.in and flipkart.com, and in-store channels on June 3

Space Mantra, five other firms lead race to acquire Future Retail. The CoC had provided two options in the EoI and the last date for submission was April 7

Braithwaite revenue up 36.5% to Rs 1043 cr, eyes PDS foodgrain movement biz. State-run Braithwaite & Co Ltd achieved a 36 per cent revenue growth to Rs 1,043 crore in FY'23 and is eyeing the Food Corporation of India's foodgrain movement business to give impetus to its services vertical, a top official said. The company attained a

Auto parts firm Pricol moves CCI over Minda plan to buy 24.5% stake. Battle between the two firms began this February when Minda Corp bought 15.7% in Pricol for Rs 400 crore in the open market. Early this month, Minda sought CCI nod to buy 24.5% more in Pricol

JK Tyre reports nearly three-fold increase in Q4 profit to Rs 108 cr. BENGALURU (Reuters) - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost.

Walmart-owned Flipkart sees two top-level exits, both after eight years. Early this year, Flipkart told staff it won't be handing out increments to senior leadership in a 'difficult decision' that was expected to impact 4,500 personnel

Ex-Jet Airways executive Sanjiv Kapoor joins airline service Saudia Group. Aviation industry veteran Sanjiv Kapoor, who stepped down as the CEO-Designate of Jet Airways last month, has joined Saudia Group. Formerly known as Saudi Arabian Airlines, Saudia is the national carrier of Saudi Arabia. "I am thrilled to share that I have

TeamLease Services Q4 net profit dips by 22.92% to Rs 24.37 crore. Staffing company TeamLease Services on Wednesday reported a 22.92 per cent decline in consolidated net profit at Rs 24.37 crore compared to the same period in the previous financial year. The company's net profit stood at Rs 31.62 crores during the corresp

Promoter of Manyavar brand likely to sell 7% stake for Rs 1,962 crore. "The offer is being undertaken by the sellers, for achieving the minimum public shareholding of the company...," it said

Compensating employees with money cuts attrition rate to 5%: Report. The report was conducted to study the impact of research and recognition on attrition in India in 2022. Over 100 firms and one million employees participated in the project

NHPC bags 200MW project worth Rs 1,007.6 cr from Urja Vikas Nigam. State-run hydro power giant NHPC on Wednesday said that it has received a letter of intent to build a 200 MW solar power project worth Rs 1007.60 from Gujarat Urja Vikas Nigam. "Gujarat Urja Vikas Nigam Ltd (GUVNL) had issued a Letter of Intent dated 16.05

Google says in compliance with CCI order, pushes ahead with in-app billing. Google on Wednesday said its Google Play's payments policy is compliant with the anti-trust watchdog CCI's order and it is pushing ahead with plans to enforce the policy in the country. "In 2020, we clarified the requirements of our payments policy, and de

Vedant Fashions promoter plans to sell 7% stake for Rs 1,962 crore. Vedant Fashions Ltd (VFL), which owns the ethnic wear brand Manyavar, on Wednesday said one of its promoters plans to sell up to 7 per cent stake in the company for at least Rs 1,962 crore. Ravi Modi Family Trust, a promoter of VFL, proposes to sell up to

WeWork plunges as 'disruptive' CEO change prompts downgrade: Report. Mathrani's departure is the latest blow for WeWork stock, down 79% this year, as the company has struggled to cut costs and drive earnings

'Govt to issue notices to debar more cos found violating FAME-II norms'. The government will issue notices to more companies that have been found violating localisation norms under the Rs 10,000-crore FAME-II scheme seeking to debar them and recover incentives claimed by them since FY 2019-20, an official said on Wednesday. Als

Group 108 forays into NCR realty market, plans to invest over Rs 2000 cr. The project has a total built-up area of 40 lakh square feet and saleable area of 32 lakh square feet

Google to take 'necessary steps' to enforce new in-app billing policy. The Competition Commission of India (CCI) in October 2022 directed the company to make significant changes to its Play Store policies after it found several anti-competitive practices on the platform

Four entities settle insider trading case in Poonawalla Fincorp with Sebi. Four entities on Wednesday settled with capital markets regulator Sebi a case pertaining to alleged insider trading in the shares of Poonawalla Fincorp Ltd, earlier known as Magma Fincorp Ltd, after paying Rs 10.97 crore towards the settlement fee. The ent

Bourses freeze Orchid Pharma promoters' shares for failing to meet norms. Orchid Pharma on Wednesday said stock exchanges have started freezing the shares of its promoters for the company's failure to comply with market regulator Sebi's minimum public shareholding norms within the stipulated time period. Under Sebi norms, listed

Go First tells pilots to resume work from May 27, training from tomorrow. It is mandatory to do a refresher training as the pilots haven't been flying since 3 May, according to media reports

Sebi slaps Rs 50 lakh fine on 10 firms for indulging in non-genuine trades. Capital markets regulator Sebi on Wednesday levied fines totalling Rs 50 lakh on ten entities for indulging in non-genuine trades in the illiquid stock options segment on BSE. In ten separate orders, the regulator imposed a fine of Rs 5 lakh each on Auropl

Rosneft planning to build greenfield refinery in India with state refiners. Indian Oil Corporation and Bharat Petroleum are expected to be likely candidates for the JV

Jindal Steel's Q4 profit down 70% as prices fall, cost of raw material rise. Jindal Steel and Power Ltd reported a 69.5% fall in quarterly profit on Tuesday, hurt by lower steel prices and higher costs of raw materials like iron.

Jio to cross 500 mn subscriber mark by FY26, maintain market leadership. Currently, Reliance Jio and Bharti Airtel command more than 80% of the country's mobile network business. Jio has a market share of 48%, whereas, Airtel has 35% of it

Suzlon gets order of 33 wind turbines from Vibrant for 99 MW energy project. The Vibrant Group said that a project of this size could provide electricity to 307,000 households and curb 292,000 tonnes of carbon emissions every year

Reliance Retail, Adani Group no longer bidding for Future Retail: Report. The new highest bid is from Space Mantra and five other companies have placed their bid for parts of the company

APSEZ sets new record, handles highest ever rail cargo of 121 MMT in FY23. In FY23, APSEZ generated around Rs 14,000 crore in revenue from rail cargo for Indian Railways

IBM confirms acquisition of Polar Security reportedly for million. Software giant IBM has acquired automated cloud data security and compliance provider Polar Security for an undisclosed sum. Reports claimed that the deal was valued at about million

Nadella disputes Musk's claim, says Microsoft not controlling OpenAI. The Microsoft CEO said OpenAI's board was steering the ship, contradicting Musk, who pulled out of the startup years ago and has advocated slowing AI development over potential ethical concerns

If AI goes wrong, it can go quite wrong: OpenAI CEO tells US lawmakers. Sam Altman, CEO of Microsoft-backed OpenAI, has admitted that if generative AI technology goes wrong, it can go quite wrong, as US senators expressed their fears about AI chatbots like ChatGPT

Apple's App Store stopped over bn in fraudulent transactions in 2022. Apple has announced that its App Store prevented over .09 bn in potentially fraudulent transactions in 2022, blocking nearly 3.9 mn stolen credit cards from being used to make purchases

IndiGo inducts 2nd Boeing 777 aircraft; to operate on Mumbai-Istanbul route. No-frills airline IndiGo on Wednesday said it has inducted a second wide-body Boeing 777 aircraft in its fleet, which it will operate on the Mumbai-Istanbul route. After operating a narrow-body Airbus fleet, in single-class configuration for over 16 years,

Nazara Technologies joins All India Gaming Federation as principal member. AIGF represent over 150 members including online gaming companies and game developers across all formats and genres

Bank of Baroda 'well protected' for switch to RBI's new loan-loss proposal. Its gross non-performing assets (NPA) ratio fell to 3.79% in the fourth quarter from 4.53% in the previous quarter, while its net NPA ratio fell to 0.89% from 0.99% for the same period

Zydus Wellness Q4 results: Net profit up 9.02%, final dividend announced. The revenue from operations rose 11.44 per cent to Rs 712.98 crore in the quarter

Adani-Hindenburg case: SC grants Sebi time till August 14 to submit report. While granting the extension, CJI DY Chandrachud said that the proceedings shall be listed after the summer recess

IKEA, HDFC to launch financing options to make products more affordable. The scheme offers consumers EMI options with a mix of no-cost and low-cost solutions ranging from three to 30 months

Suzlon bags 99-MW wind energy project from Vibrant Energy for 33 generators. Renewable energy solution provider Suzlon has bagged a 99-MW wind energy project from Vibrant Energy. "Suzlon Group has received an order from Vibrant Energy for 33 wind turbine generators featuring its new 3 MW (each) series with a Hybrid Lattice Tubular

Hyundai ties up with Shell to install 60 kW fast chargers at 36 dealerships. Hyundai Motor India on Wednesday said it has tied up with Shell India to install 60 kW fast chargers across 36 of its dealerships in the country. The company has signed a memorandum of agreement with Shell India Markets Pvt Ltd in this regard, the automake

KFC-operator India's Devyani's profit falls on expenses, demand slowdown. Revenue from operations surged 28% to 7.55 billion rupees as it opened 66 new stores. However, revenue slipped around 5% from the previous quarter

Jet Airways looks into abyss as JKC fails to renew its flying permit. Air operator's permit (AOP) is a prerequisite for any airline to commence commercial operations

NCLT to hear Spicejet insolvency plea on May 25 as talks with lessor fail. Tribunal gives SpiceJet a week to respond to Dublin-based Aircastle, which sought initiation of insolvency proceedings against the airline under IBC over unpaid dues of Rs 49 crore

Jubilant FoodWorks net profit for Q4 falls by 70% to Rs 28.54 crore. Jubilant FoodWorks Ltd on Wednesday reported a 70 per cent decline in consolidated net profit at Rs 28.54 crore in the March quarter, impacted by higher expenses and raw materials cost. The company had posted a consolidated net profit of Rs 96 crore in the

Out of 0.2 mn developers around 60 pay service fee above 15%: Google. Google defended its position on Play Store fee for developers and its stance on user choice billing policy, saying that service fees are actually lowest among major app stores

Reliance Chemotax board to meet on May 26, decide on dividend for FY23. The directors will also consider and deliberate on the audited financial results of the company for the March quarter of the previous financial year

Wipro is largest unsecured creditor of crisis-hit Vice Media, says report. The media group owes Wipro .9 million after the latter won an arbitration award

Saint-Gobain signs PPA with Vibrant Energy for 189 GW of green power. Construction and industrial products major Saint-Gobain has signed a power purchase agreement (PPA) in India with Vibrant Energy to provide wind-solar electricity to six local sites

MSME credit demand robust, but maintaining 46% growth a challenge: ABCL CEO. Loans to the sector are expected to get thrust with the Udyog Plus B2B platform launched by the NBFC arm, Aditya Birla Finance

Zydus Wellness net profit rise 9% YoY to Rs 145 crore in Jan-Mar quarter. Zydus Wellness Ltd on Wednesday reported a 9 per cent rise in consolidated net profit at Rs 145.33 crore in the fourth quarter ended March 31, 2023. The company had posted a consolidated net profit of Rs 133.3 crore in the year-ago period, Zydus Wellness s

Nights booked for international travel by Indians doubled in Q1: Airbnb. The nights booked for international travel by Indian guests more than doubled year-on-year in January-March this year, with the UK, US and various European countries emerging as the top destinations among domestic travellers, Airbnb said on Wednesday. Whil

Jindal Steel net profit falls 20% YoY to Rs 716 crore in Jan-Mar quarter. Jindal Stainless Ltd (JSL) on Wednesday posted a nearly 20 per cent decline in consolidated net profit to Rs 716.29 crore for the March quarter due to higher expenses. The company had clocked a net profit of Rs 894.93 crore during the January-March quarter

Tilaknagar Industries Q4 net profit more than doubles to Rs 59 crore. Leading Indian-Made Foreign Liquor (IMFL) manufacturer Tilaknagar Industries Ltd has reported an over two-fold increase in its consolidated net profit to Rs 59.09 crore for the March quarter, led by higher volumes. The company had reported a net profit of

PVR Pictures renamed as PVR INOX Pictures after merger with Inox Leisure. PVR Pictures has been renamed as PVR INOX Pictures following the merger of PVR and Inox Leisure. The merged entity is operating 361 cinemas with 1,689 screens across 115 cities till the end of FY23 in India and Sri Lanka. PVR Pictures was the film producti

Ramco Systems posts consolidated Q4 net loss at Rs 454.03 million. Enterprise software player Ramco Systems reported a consolidated net loss at Rs 454.03 million for the fourth quarter ending March 31, 2023, the company said on Wednesday. The city-based firm had reported a consolidated net loss of Rs 264.50 million in the

Meta India executive Manish Chopra resigns, 4th major exit in 6 months. Meta's director and head of partnerships in India Manish Chopra has quit the company. He joined the social media giant in January 2019. Chopra took to LinkedIn to announce his departure. However, he will help in the transition over the next few weeks. "The

Tesla plans to build EV plant in India for domestic sales, exports. Senior Tesla executives are in India this week to meet the government to discuss local sourcing of parts and other issues, Reuters reported on Tuesday

Audi's ex-chief pleads guilty in automaker's diesel emissions scandal. The former head of Volkswagen's luxury division Audi pleaded guilty Tuesday to charges tied to the automaker's diesel emissions scandal, becoming the highest-ranking executive convicted over cars that cheated on emissions tests with the help of illegal sof

NASDAQ-listed firm MakeMyTrip posts .4 million profit for Jan-Mar quarter. Online travel service provider MakeMyTrip Ltd on Tuesday reported a profit of USD 5.4 million in the fourth quarter ended March 31, 2023. The NASDAQ-listed firm had posted a loss of USD 4.1 million in the same quarter of the previous fiscal, MakeMyTrip Ltd

India Inc offers higher stipends to apprentices, shows TeamLease report. TeamLease on Tuesday released its 'Stipend Primer Report' for FY22, which suggests that a 2% increase was witnessed in 2022 in average stipend payouts, as against the previous fiscal

Air India Express hires 280 pilots, 250 crew in recent recruitment drive. Low-cost international carrier Air India Express on Tuesday said it has hired over 280 pilots and 250 cabin crew during a recent recruitment drive conducted across Delhi, Mumbai and Bangalore. Approximately 300 pilots actively participated in the selection

Paytm appoints Bhavesh Gupta as president and chief operating officer. Bhavesh Gupta will continue reporting to Vijay Shekhar Sharma, managing director and chief executive officer of the company

Murugappa's Coromandel International plans Rs 2K cr investment by 2025. Murugappa Group firm says government's 'One Nation, One Fertiliser' scheme has no impact on its business

HAML invites global tenders for EPC contractor for Hyderabad Airport Metro. Global tenders have been invited for selection of the Engineering, Procurement and Construction (EPC) contractor for the Hyderabad Airport Metro project

Oberoi Realty Q4 results: Consolidated net profit rises 106% to Rs 480 cr. Oberoi Realty to issue non-convertible debentures worth Rs 1,500 crore by way of private placement

Bank of Baroda makes Rs 500 crore provision for Go First exposure. Out of this exposure, about Rs 1,000 crore is collateralised by tangible securities and by way of corporate guarantees

Zomato begins its own UPI offering, Flipkart expected to follow soon. The report citing sources added that e-commerce platform Flipkart is also hopping on the bandwagon and has started its work for UPI offerings

Ministry of corporate affairs notifies timelines for fast-track M&As. Experts however said that while the government move is a step in the right direction, on the ground the implementation would be hard

Chemplast Sanmar Q4 results: Net profit declines 80% to Rs 46 crore. For the full year, revenues were lower by 16% as compared to the last year - however, sales volumes of almost all the products were higher on a Y-o-Y basis

US investor Baron Capital slashes Swiggy's valuation by 34% to .1 bn. In January last year, Swiggy raised 0 million in a funding round that was led by Invesco and saw participation from a host of investors including Baron Capital Group

PVR-INOX plans to shut down around 50 cinema screens over next 6 months. Leading cinema exhibitor PVR INOX plans to close around 50 loss-making screens, having an accelerated depreciation. "The company plans to shut down approximately 50 cinema screens over the next 6 months," said PVR INOX in its investor's update for the four

Bharti Airtel Q4 results: Net profit surges 50% to Rs 3,006 crore. Its revenue witnessed a 14.3 per cent YoY rise and reached Rs 36,009 crore in Q4FY23

Experion to invest Rs 50 cr in global expansion, hire 1,500 IT employees. IT company Experion Technologies on Tuesday said it plans to invest Rs 50 crore in the next 12 months to expand its international operations and build capacity in Japan, the Nordic region as well as in existing markets including the United States, Australi

Bombay Burmah Trading Corp's Go First exposure falls to Rs 65 crore. Bombay Burmah will also make a claim with the resolution professional appointed by the National Company Law Tribunal. If the airline restarts early, the losses of the banks would reduce, say corporate

73% job seekers prefer large corporates over start-ups, says report. With the current economic uncertainties and the recent challenges faced by the startups ecosystem, 73 per cent of job seekers interviewed said they prefer large corporations over start-ups, a report said on Tuesday. Around 73 per cent job seekers prefer st

Triveni Turbine net profit grows 68% to Rs 55.6 cr. in March quarter

Engine Leasing Finance moves to NCLAT against Go First's insolvency. After three aircraft lessors, Engine Leasing Finance BV has moved the National Company Law Appellate Tribunal (NCLAT), opposing the insolvency resolution proceedings initiated against Go First. Ireland-based Engine Leasing Finance is a leading engine finan

Mondelez International names Samir Jain as president of India business. Jain joins Mondelez International from Bunge India, where he led the business as managing director for the last 10 years

Agraga raises Rs 70 crore in funding round led by IvyCap Ventures. Digital logistics start-up Agraga has raised Rs 70 crore in a funding round led by IvyCap Ventures with participation from Alteria, the company said on Tuesday. The funds will enable Agraga to expand operations across India from its current presence in thr

LIC's new business premium drops 50% to Rs 5,810.1 crore in April. LIC's group single premium declined 65.76% to Rs 2899.63 crore in April while individual single premium dropped by 23.07% to 1014.47 crore

Zomato inks partnership with ICICI Bank to launch its own UPI offering. Currently, Zomato UPI has been rolled out to select users only. Further expansion of the service will hinge on the initial customer response

Paytm appoints Bhavesh Gupta as COO, President amid profitability push. The fintech giant, in its Q4 results for FY23, managed to narrow its losses to Rs 168 crore. This compares to losses of Rs 392 crore a quarter ago and Rs 761 crore in the year-ago period

ZestMoney sets up new leadership team, a day after founders resign. ZestMoney's founders have resigned, several weeks after fintech giant PhonePe decided to halt its proposed acquisition of the buy now, pay later (BNPL) platform

With growing user base, ONDC can start a price-war in ecomm market: Report. However, the new e-commerce platform has a long way to go before it can match the technological and service capabilities of companies like Amazon, Flipkart, Swiggy, Zomato, and others

HDFC Life declares highest ever bonus of Rs 3,660 cr on participating plans. 2.31 million policyholders are eligible for this bonus

Go First: Aircraft lessor moves Delhi HC to take back its leased plane. As Go First undergoes insolvency resolution proceedings, an aircraft lessor moved the Delhi High Court seeking directions to the authorities to release the plane leased to the crisis-hit airline. Besides, two more aircraft lessors have moved the National C

LIC Housing Finance Q4 result: PAT up 5% to Rs 1,180 cr, dividend declared. LIC Housing Finance reported a jump of 5.5% in its consolidated net profit, which came in at Rs 1,180.3 crore, as against Rs 1,118.6 crore in the corresponding period of the previous year

VIL still needs additional liquidity to survive, says Vodafone Group. Vodafone Group owns 32.29% stake in VIL while Aditya Birla group owns 18.07% stake in VIL after the government picked up 33% stake in the loss-making company

JK Paper Q4 results: Consolidated net profit rises 64.7% to Rs 280 crore. The company's consolidated total income rises by 29.22 per cent to Rs 1,760 crore for the March quarter as compared to Rs 1,362 crore in the year-ago period

Latest stock market News for tomorrow Access previous news reports: 646647648649650651652653654655656657658659660661662663664

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