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Shares of Hathway Cable and Datacom jumped 20 percent after company entered in to partnership with Netflix to offer video streaming services to its subscribers.Netflix said that it has partnered Hathway Broadband to offer video streaming services to the latter's eight lakh subscribers. Under the alliance, Netflix will be offered through Hathway's set-top box that includes a remote with a dedicated Netflix button to allow users to launch the service directly.
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    Shares of Merck fell 5 percent intraday today after Competition Commission of India has approved the acquisition of 51.8 percent stake in the company by Procter & Gamble Overseas. CCI has passed an order approving the transaction involving the proposed acquisition by Procter & Gamble Overseas India B. V. of 51.8 percent equity share capital of the company.

   Shares of Tata Consultancy Services hit a new high of Rs 2,099 per share in intra-day trade, rising 2% on the National Stock Exchange (NSE), trading close to their share buyback price of Rs 2,100 per share. The market-capitalisation hit the Rs 8-trillion mark on Tuesday, the third time it has achieved this feat ever in intra-day. Company said the current buyback is a capital allocation decision taken with the objective of improving the company’s Return on Equity and increasing shareholder value in the longer term

    JSW Steel (JSW), one of India’s largest steel makers, scaled fresh all-time high of Rs 408.65 last week. The recent rise is driven by the company’s inclusion in the Nifty50 index, boosting Street sentiment and pushing fund managers to add the stock to their portfolios.Since the start of 2017, the stock has risen almost 2.5 times. Despite the gains, analysts believe that there are multiple triggers that will keep the stock prices elevated. The company has exhibited regular improvement in operating profit helped by rising steel realisations, better cost efficiencies, and capacity.
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