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2024-05-23 05:24:08| The Economic Times

Andrew Holland, CEO of Avendus Capital Public Markets Alternate Strategies LLP, discusses the impact of FII selling on bank stocks and the upcoming market trends post-elections. Coming to pharma, Holland says the bottom was hit some months back for the whole sector and the prospects are starting to look better not just locally but overseas as well.


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2024-05-23 04:06:25| The Economic Times

Stocks that were in focus include names like Indian Bank, which fell 1.33%, Sun Pharma, which jumped 1.5%, and Hindustan Zinc, whose shares rose 4% on Wednesday.


Category: News and Media

 

2024-05-23 03:57:11| The Economic Times

Shares of global miner BHP Group fell more than 3%, a day after smaller rival Anglo American rejected its third takeover proposal and agreed to a one-week extension for the deadline to make a binding offer.


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2024-05-23 02:07:11| The Economic Times

The company in a filing with BSE said that the floor price for the issue is at 4,531.40 per equity share. In a recent interaction with ET, Sudhir Singh, the CEO, said that the company will shell out $220 - $250 million, (or about 1,826 crore - 2,081 crore) to acquire Hyderabad-based Cigniti Technologies even as the Noida-based IT firm launched an open offer to acquire an additional 26% stake in Cigniti. He had said that they would use QIP to acquire between 51% - 54% of the of Cigniti.


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2024-05-23 02:03:54| The Economic Times

Minutes from the two-day Federal Open Market Committee gathering ending May 1 showed that, while participants assessed that policy was "well positioned," various officials mentioned a willingness to tighten policy further if warranted.


Category: News and Media

 

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