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⭐ Godrej Agrovet plans to set up edible oil unit
Agri-business firm has proposed to invest ₹100 crore to set up an edible oil refinery plant in Andhra Pradesh. The proposed plant will have a refining capacity of 400 tonnes per day. The company already has 45,000 hectares of palm oil plantations in the same state.
⭐Sonata Software joint hands with Sinequa
IT services and solutions provider has signed an agreement with enterprise search leader Sinequa. The partnership will enable Sonata Software to offer intelligent search solutions to its clients and help develop customised domains and applications.
⭐ India’s gems and jewellery export dazzle
India’s gems and jewellery exports surged by over 23% YoY to ₹28,832 crore in February, as per Gem & Jewellery Export Promotion Council (GJEPC) latest report. The export rise was partly due to strong demand from China during the lunar new year festivities. Also, the Middle East market reported high demand after India-UAE signed an economic pact last month.
Global markets (at 9:15 AM today)
| Indices | Today's movement |
| SGX Nifty | ▼ 1.37% |
| Nikkei 225 (Japan) | ▼ 1.57% |
| Hang Seng (Hong Kong) | ▼ 2.53% |
| SSE Composite (China) | ▼ 1.16% |
| Dow Jones (US) (March 09) | ▼ 1.66% |
| NYSE (US) (March 09) | ▼ 0.22% |
| Nasdaq (US) (March 09) | ▼ 2.05% |
| S&P 500 (US) (March 09) | ▼ 1.85% |
Fact of the day
US initial jobless claims increased by 21,000 to 211,000 for the week ended 4 March
Source: CNBC