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Resident Ram Nath Kovind has given his assent to a Bill that will deter fugitive economic offenders from evading the legal process in India and fleeing the country.
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     The government will soon invite fresh bids for a 100 per cent stake sale in Pawan Hans as ONGC i ready to sell its entire stake in the company, an official said. Helicopter services provider Pawan Hans is a joint venture between the government, which holds 51 per cent stake, and state-owned ONGC, which owns the remaining 49 per cent. HDFC AMC listed at approx. 60% premium.
   Shares of Britannia Industries gained 1.6 percent on the back of strong June quarter numbers. The company has reported June quarter consolidated profit growth of 19.4 percent year-on-year to Rs 258.1 crore with double digit volume growth. Profit in the first quarter of last year was at Rs 216.1 crore.
   HDFC Asset Management Company (HDFC AMC) took its strong market debut forward as shares climbed 66 per cent to hit a high of Rs 1,832 on the BSE today. The Rs 2,800-crore initial public offering (IPO) ran on July 25-27 and was subscribed 83 times. This was strikingly similar to the response received by the issue of peer firm Reliance Nippon Asset Management for its Rs 1,542 crore issue last year which had listed at 17 per cent premium.
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