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S&P Global raised the Tata Group company’s credit grade for four reasons

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According to S&P Global Ratings’ notice, the company has also been taken off of the “CreditWatch with positive implications” where it was listed on June 13, 2024. The ratings improvement that is currently in effect is expected to be “positive.”  The potential for “extraordinary support” for Tata Power from parent company Tata Sons, which is […]

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Focus is on Jackson Hole, Fed minutes, and mixed US stocks

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US equities dropped on Thursday following indications in the Federal Reserve’s (FED) minutes that interest rate reductions would soon start. US business activity reached a low point for the fourth month. The S&P 500 sank 0.63 percent to 5,585 points, the Nasdaq Composite slid 1.13 percent to 17,716 points, and the Dow Jones Industrial Average

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Genius Power Infrastructure Wins Orders Worth Rs 3,608 Crore

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Genus Power Infrastructures’ stock rose to an all-time high as the maker of smart meters announced that orders totaling Rs 3,608.52 crore had been placed with its fully owned subsidiary. The multibagger stock was trading on the BSE on Wednesday at its record high of Rs 438.35, trapped in the upper 5% range from the

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As Recession Worries Fade, Wall Street Closes Out Its Greatest Week Of The Year

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As investors turned their attention from fears of an impending economic slump to the Jackson Hole Economic Symposium next week, US markets closed higher on Friday, maintaining their largest weekly percentage gains of the year. The S&P 500 as well as the Nasdaq saw gains for the seventh straight day as equities recovered from two

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Trump Media Shares Continue To Decline As DJT Reaches A Post-Merger Low

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The price of Trump Media’s shares dropped to the lowest level since the merging of the social media company owned by Donald Trump over five months ago. The preferred social messaging app of the Republican former president, Truth Social, is owned by Trump Media, which saw its share price close more than 3.5% lower at

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In A Matter Of 7 Days, OLA Electric’s Shares Doubled In Value, Outpacing Tesla In Terms Of Valuation

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On Tuesday, Ola Electric’s shares shocked investors by rising by an extra 8% and setting a new record of Rs 157.53 on the BSE (Bombay Stock Exchange). According to reports, a big deal involving 2.3 crore shares, or 0.5% of the company’s equity, took place during Tuesday’s trading session. The deal was valued at Rs

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Alibaba Subsidiary Antfin To Sell 1.54% Stake In Zomato

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In an effort to collect about INR 34,000 million, Antfin Singapore Holding Pte. Ltd., a subsidiary of the Chinese corporation Alibaba Group, is expected to sell a 1.54% share in online meal delivery aggregator Zomato Limited through block agreements on August 20, 2024. Antfin Selling Zomato Shares The bankers Goldman Sachs and Morgan Stanley released

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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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