Monthly Archives: April 2024
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Bank of America: Continued intervention is needed to keep USD/JPY below 155
Bank of America said the Japanese authorities may have to continuously intervene in the foreign exchange market to curb the rise in the dollar against the yen.
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Philips rose more than 35% before the market opened, reaching a $1.1 billion settlement over accusations that ventilators cause cancer.
Gelonghui April 29 | Philips (PHG.US) U.S. stocks rose more than 35% before the market opened, at $28.52
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Tesla surges more than 5% before market opening
Gelonghui April 29 | Tesla (TSLA.US) rose more than 5% to US$177.48 before the market opened.
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Stocks research firm MarketsMojo plans to raise $20-50 mn
MarketsMojo, a stocks research and analysis firm, is planning to raise $20-50 million in Series A funding, with 10-15 per cent equity dilution as it ramps up its business, in the 21 countries where it provides its services, in the next 1-2 years.
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Techno Electric & Engineering secures new orders for ₹4,063 crore; stock surges 5%
Techno Electric & Engineering has bagged new orders for ₹4,063 crore. The stock surged 5.22 per cent on the NSE as of 1.21 pm to trade at ₹1,020.
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BSE stock plunges over 12%; here’s what analysts say
BSE stock plunged 12.86 per cent to trade at ₹2,797.60 as of 1.02 pm on Monday. The stock tanked 17 per cent in early trade after SEBI’s direction on regulatory fee. The regulatory body on Friday directed BSE to pay the regulatory fee on the annual turnover based on the notional value of the options contract, along with differential payment for past years with interest.
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Market valuation of six most valued firms rises ₹1.30 lakh crore; SBI, ICICI Bank top gainers
The combined market valuation of six of the top-10 most valued firms increased ₹1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities.
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MFs close in gap with bank deposit on back of strong growth, new investor addition
Thanks to uninterrupted bull run and renewed interest in equity investment, the quantum of assets under management of the mutual fund industry accounts for 26 per cent of the bank deposit as of March-end against 21 per cent logged in FY23.
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FPIs selling in equities continue unabated in April, withdrawing ₹6,300 crore till April 26
Foreign Portfolio Investors (FPIs) remained bearish on Indian equities going by the net outflows of ₹6,300 crore so far this month (till April 26) amid concerns around Mauritius Tax Treaty and US Bond Yield surge.
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Motilal Oswal bullish on telecom stocks amid tariff hike expectations
A recovery is in the offing in India’s telecommunications sector, with potential tariffs hikes and a shift to high-speed networks set to bolster revenue, according to a top-performing fund manager.