Today Indian stock market News & Results By Money CapitalHeight

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           The World Bank cut its outlook for global growth, saying the economy should expand more slowly this year than last as it cited a deeper-than-expected recession in Europe and a recent slowdown in some emerging markets.In its twice-yearly Global Economic Prospects report, the bank warned that large developing economies, which have driven global growth in recent years, will not experience the same boom as they did before the global financial crisis and will have to focus on structural reforms to keep expanding.

         Asian markets crashed on Thursday as the prospect of less stimulus from central banks depressed sentiment, while the US dollar fell further against the yen amid uncertainty over the Federal Reserve's policy outlook.

Here are stocks that are in news today:

Apollo Tyres (Stock was up 3 percent at close)
-To acquire Cooper Tire in all-cash deal for Rs 14,500 crore (USD 2.5 billion)
-Acquisition of Cooper Tire largest deal in industry in India 
-Cooper deal third major acquisition by company in last 7 years 
-Cooper acquisition to make company 7th largest tyre maker in world
-Apollo & Cooper had combined sales worth USD 6.6 billion 

MMTC offer for sale (OFS) today (CMP Rs 210) 
-Floor price set at Rs 60/share
-Alert: MMTC floor price set at 71.4 percent discount to current market price of Rs 210/Share 
-Alert: Govt to divest 9.33 percent stake via OFS today 

Other stocks and sectors that are in news today: 

·   Finance ministry sources say may announce measures for rupee today.

·   Political theater JD (U) to end alliance with BJP in next few days, Advani tries to allay fears.

·   United Spirits (USL) plans Rs 3000 crore capex BS.

·   Oil India to buy Assam Petro for Rs 230 crore BS. 

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