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SHRIRAM TRANSPORT FINANCE which opened at 732 or so on Friday and had a low of 725 or was hovering at that rate until 2.00 or so in the noon and there was a sudden spurt in volume and the stock closed at 769.20 up by almost 4.99 percent or 36.55 Rs.

The only news that came out is that “Shriram Transport Finance, small and medium commercial vehicles financer, is increasing fixed interest-rate loans and reducing the exposure to floating-rate loans as it sees interest rates moving up.”


LIC Housing Finance up by 8.5 Percent

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LIC Housing Finance went up by 8.57% to Rs 885.10. The stock topped the gainers in the BSE’s ‘A’ group. The stock saw a huge interest as there was buzz in the market that ILIC might foray in Bank Business , this created interest in the LIC Housing Finance stock.


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Larsen and Toubro informed the market that the company has received R1 approval for its general insurance venture from IRDA , which means they have to have 2 more approvals R2 and R3 which is the time where the IRDA monitors the Business model and Formation of the company , we can see the company opening its business anywhere from 3 to 6 Months.May be Larsen and Toburo might think of LNT Inurance IPO if it needs to tap more money for running the business.

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Sundaram Finance Ltd has informed the market that the wholly owned subsidiary of his company, Sundaram Business Services Ltd, have signed a joint venture agreement with BNP Paribas Securities Services, France, to provide security services in India. The company will be called Sundaram BNP Paribas Security Services.
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