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Taking ahead the growing trend of consolidation in the financial sector a step further, Lakshmi Vilas Bank (LVB) will merge with Indiabulls Housing Finance Ltd in an all share-swap deal.
Reserve Bank of India (RBI) rejected the proposed merger between Chennai based Lakshmi Vilas Bank (LVB) and Gurugram based Indiabulls Housing Finance Limited (IBHFL).
In a contradictory move to separate two unrelated business & merging other unrelated business, Indiabulls Integrated Services announced a group restructuring involving 11 companies by demerging and transferring its Infrastructure Solution Business to the new company.
Engineering and construction major Larsen and Toubro (L&T) Thursday said it had won orders worth Rs.747 crore from Coal India, Indiabulls Power and Hindalco for projects involving construction of coal handling plants and an aluminium rolling mill.
Among the stocks to watch in trade on Thursday, 10-October include Indiabulls-Housing, Lakshmi Vilas Bank, TCS, IndusInd Bank and Bharti Airtel, in the light of their latest company updates:
Markets reached a new intraday high level....Check out major stock buzz on the latest updates of the companies: BHEL, Indiabulls, DHFL, ZEEL among others: