The rupee depreciated 10 paise to 90.15 against the US dollar amid strong corporate and importer demand, with investors awaiting clarity from the US Federal Reserve. Market participants are in a wait-and-watch mode, anticipating the Fed’s stance on interest rates…
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Markets opened the week with a nearly 1% loss, erasing Friday’s gains and casting doubt on the recent recovery. Key support at 25,800 is crucial; a breach could lead to deeper consolidation. Siemens, IndiGo, Piramal Finance, M&M, and Torrent Power…
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PepsiCo is undertaking a significant review of its North America supply chain and plans aggressive cost reductions to fuel growth, following discussions with activist investor Elliott Investment Management. The beverage giant will streamline product lines, close manufacturing facilities, and enhance…
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US President Donald Trump said he may impose new tariffs on Indian rice and Canadian fertiliser to support American farmers. He criticised alleged dumping and suggested “very severe tariffs” if needed, as trade talks with both countries remain unresolved.
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ICICI Prudential Asset Management Company has applied to market regulator SEBI for approval to enter the private equity business through ICICI Ventures, Managing Director Nimesh Shah said at the company’s IPO press conference. The proposed foray, subject to regulatory nod,…
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Sebi has taken a significant step in refining the merchant banking sector by introducing new regulations aimed at ensuring robust financial practices. These rules focus on capital adequacy, liquid net worth, and establishing minimum revenue benchmarks. In a noteworthy twist,…
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