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India’s key stock benchmarks closed at record highs amid choppy trade on Wednesday, bucking the bearish mood in other Asian markets, as merger-bound HDFC Bank and HDFC, as well as software shares, paced the gains.
Tesla founder Elon Musk said he had a very good conversation with Prime Minister Narendra Modi and he is confident the company, the world’s largest electric carmaker, will be in India “as soon as humanly possible” and that it is likely to make a “significant investment” in the country.
Punit Goenka, CEO & MD of Zee Entertainment Enterprises, has said that the ZEE-Sony merger will go through whether or not he is the CEO of the merged company, as it benefits 96% of stakeholders.