Although Japan Stocks Recover Majority Of August Losses, JPM Stays Overweight

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JPMorgan analysts stated that despite a recent rally that saw Japanese markets recover the majority of their August losses, they were still overweight on the country’s stocks. Fund flow data also indicated some overseas purchasing. Nikkei 225 and TOPIX indices in Japan were trading at their highest points since August 1. Japan Stocks August Losses […]

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Zomato sees a block offer for 21 crore shares valued at Rs 5,438 crore

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After the transaction, Antfin Singapore Holding, which formerly owned a 4.3% share in Zomato, would be subject to a 90-day lock-in period before it may further reduce its equity. On Tuesday, Zomato’s shares, valued at Rs 5,438.50 crore, were sold in a block deal that was later expanded. A report published by Moneycontrol states that

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Rapid Multimodal Logistics IPO Date, Review, Price, Allotment Information

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The IPO date for Rapid Multimodal Logistics is set; it will begin on August 22 and end on August 27. A BSE SME, Rapid Multimodal Logistics is planning an IPO to raise ₹8.49 crores. With a market lot of 1600 shares, the Rapid Multimodal Logistics IPO price band is set at ₹84. Based in Chennai,

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Shares of Sunlite Recycling Industries list for 90% more than their IPO price

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Copper scrap is recycled by Sunlite Recycling, which specializes in producing copper rods, wires, earthing wires, earthing strips, conductors, and wire rods. On August 20, Sunlite Recycling Industries’ shares made a strong debut on the stock market. At that time, the share price was Rs 199.5, which was ninety percent more than the issue price

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Hopes for a rate drop boost Asian stocks, as PBOC gives no surprises, causing China to lag

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Tuesday saw gains in the majority of Asian stocks, following Wall Street’s overnight surge as investors welcomed the possibility of a reduction in US interest rates ahead of Federal Reserve Chair Jerome Powell’s major speech later this week.  However, as the People’s Bank maintained its benchmark loan prime rate steady as anticipated, surprising some traders

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Edgar Bronfman offers $4.3 billion to Paramount and National Amusements 

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A fresh contender is presenting a substitute proposal for the media behemoth Paramount Global. Edgar Bronfman Jr., a media investor and US billionaire, made a US$4.3 billion bid to purchase National Amusements, owned by Shari Redstone. The Wall Street Journal broke this story initially on Monday, August 19. According to media sources, the plan calls

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