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Oracle shares soared 41% on Nasdaq after unveiling an AI Center of Excellence for healthcare. The rally pushed year-to-date gains above 100% and lifted co-founder Larry Ellison past Elon Musk as the worlds richest man. The surge was amid high volumes as nearly 43 million shares changed hands around 10:06 AM ET (7:40 India time).
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Markets regulator Sebi on Wednesday cancelled the registration of 18 investment advisers for failing to pay renewal fees, a statutory requirement under its regulations.
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Infosys upcoming buyback proposal highlights why companies repurchase shares. Buybacks boost EPS, signal undervaluation, and stabilise stock prices. They return excess cash, offset ESOP dilution, and defend against hostile takeovers. Unlike dividends, they offer flexibility and can be tax-efficient. Investors view buybacks as confidence in fundamentals and growth.
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Nepal faces political turmoil as the prime minister's resignation, triggered by deadly anti-corruption protests sparked by a social media ban, has created uncertainty. The army is seeking talks with leaderless 'Gen Z' protesters while constitutional options, including forming an interim government or amending the constitution, are being explored.
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Despite the recent high-profile meetings between Xi Jinping, Vladimir Putin, and Kim Jong Un, analysts suggest a formal 'autocratic alliance' remains unlikely. While the gathering showcased unity against the U.S.-led system, differences persist on key issues like economic deals and North Korea's denuclearization.
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