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⭐ KEC International bags new order
The infrastructure firm has secured a new order worth ₹1,560 crore. The new order comes from Power Grid Corporation and involves setting up transmission lines and substations.
⭐ Chalet Hotels acquires new properties
Chalet Hotels has announced the acquisition of two new companies. The hospitality firm will acquire a 82.2% stake in Dukes Retreat, which owns 80-room resort in Khandala. The deal is worth ₹81.7 crore. Meanwhile, Chalet Hotels will also acquire a 100% stake in Sonmil Industries for ₹74.6 crore.
⭐ India’s smartphone export rise in FY23
As per new industry data, India’s smartphone export is set to reach $10 billion in the ongoing fiscal year. According to the India Cellular and Electronics Association (ICEA), Apple and Samsung constitute 90% of total exports from India. Smartphone exports have doubled compared to last year, supported by production-linked incentive (PLI) schemes for domestic manufacturing.
Global markets (at 8:30 AM today)
| Indices | Today’s movement |
| SGX Nifty | ▼ 0.08% |
| Nikkei 225 (Japan) | ▼ 0.24% |
| Hang Seng (Hong Kong) | ▲ 0.87% |
| SSE Composite (China) | ▲ 0.11% |
| Dow Jones (US) (March 22) | ▼ 1.63% |
| NYSE (US) (March 22) | ▼ 1.75% |
| Nasdaq (US) (March 22) | ▼ 1.6% |
| S&P 500 (US) (March 22) | ▼ 1.65% |
Fact of the day
The US Federal Reserve hikes key policy rate by 25 basis points to 5%.
