The Nifty encountered initial resistance near its previous swing high of 22,526. Consequently, to sustain a continued rally, it must surpass the 22,525 level decisively. On the downside, 22,200 could serve as short-term support, says Rupak De, Senior Technical Analyst,…
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Zee Entertainment has halved its workforce at its Bengaluru Technology and Innovation Centre as part of cost-cutting measures recommended by a company-formed review panel. The decision, approved by MD and CEO Punit Goenka, follows suggestions from the committee, including reducing…
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Companies raised Rs 62,000 crore through initial share sales in fiscal 2024 and the pipeline looks equally strong. As much as Rs 70,000 crore worth of offerings are expected to hit the markets next fiscal with some big names in…
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With co-branded credit cards on the rise, there’s still an air of doubt on what co-branded credit cards are, how the business is like for banks, how profitable the business is, what banks should do amidst the regulatory glare in…
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Congress alleges bias by income tax dept with Rs 1,823.08 crore notice while BJP owes Rs 4,600 crore. The opposition party has levelled allegations against the ruling establishment, claiming they are employing “tax terrorism” tactics against the Congress ahead of…
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The combination of sturdy growth and decelerating inflation has raised hopes that the Fed is engineering a “soft landing” – taming inflation without causing a recession. The central bank has signalled that it expects to reverse policy and cut rates…
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