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100% return in 11 days: Anil Ambani’s RCom shares dazzle as NCLAT seals the deal with Mukesh Ambani’s Jio

Shares of Anil Dhirubhai Ambani Group’s telecom company Reliance Communications (RCom) have doubled the money in just 11 days returning as much as 100% as NCLAT on Wednesday allowed RCom to proceed with the asset sale to Mukesh Ambani-controlled Reliance Jio Infocomm and Brookfield. Further, NCLAT (National Company Law Appellate Tribunal) had stayed the order of NCLT (National

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Week ahead: F&O expiry to keep market volatile; banks, autos key

Banking and financial stocks will be in focus towards the end of next week, especially ahead of RBI’s fourth bi-monthly policy statement that scheduled to be announced on October 4. Equities could continue to remain choppy in the week ahead, mainly due to expiry of September derivative contracts. Market was volatile with a downward bias