Finance & Economy
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Precious Metals Ease as PPI Data Lifts Rate Hike Expectations
Price Movement – Gold and silver came under selling pressure on Wednesday as traders booked profits following a stronger-than-expected US PPI print, which reinforced expectations that the Federal Reserve could raise interest rates. Attention now…
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World’s largest active fund manager, Capital Group, bets big on Sri Lotus Developers as promoter sell stake
Mumbai: Sri Lotus Developers & Realty Limited has emerged as a focus of investor attention with Capital International, the world’s largest active fund manager picking up a stake in the company, even as promoter Anand…
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SBI Mutual Fund announces the launch of Aarambh
Mumbai: SBI Mutual Fund today announced the launch of Aarambh, an assisted digital onboarding service designed to make it easier for first-time investors across India to begin their mutual fund journey with confidence. The service…
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Nifty50 snaps losing streak, but Global headwinds keep recovery under pressure
The global headwinds and surging crude oil prices continued to weigh on Indian equities. The benchmark index once again showcased weakness, rather remained largely range-bound throughout the session, with repeated attempts to stage a meaningful…
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Kanohar Electricals Limited’s IPO receives overwhelming demand, Issue Subscribed 90.59 Times on Final Day of Bidding
Mumbai: The Initial Public Offering of Kanohar Electricals Limited was subscribed 90.59 times on the final day of bidding. The issue received bids of 1,05,92,88,437 equity shares against the offered 1,16,93,326 equity shares, according to…
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Orient Technologies Expands Cybersecurity Business with USD 3.15 Million
Additional investment to support ~100 cybersecurity hires, partner enablement and a targeted 12% expansion in Orient’s cybersecurity customer base Mumbai: Orient Technologies Limited is going ahead with the expansion of its cybersecurity business following the…
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