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Fidelity has increased Lenskart's valuation to $6.1 billion, a 21% rise from its previous $5 billion valuation. The omnichannel eyewear retailer is preparing for a potential $1 billion IPO at a $10 billion valuation. Lenskart's FY24 net loss decreased significantly, while operating revenue and EBITDA saw substantial growth, highlighting its strong financial performance.
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News and Media
Richard Harris from Port Shelter Investment discusses market fragility amidst geopolitical tensions, particularly between Iran and Israel. While markets have shown resilience, factors like upcoming tariff deadlines and concerns about unemployment contribute to instability. Harris suggests gold as a potential safe haven asset, anticipating short-term market reactions to global events before a likely return to normalcy.
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News and Media
ONGC share prices rose over 3% on Friday after Brent crude surged more than 12% amid rising geopolitical tensions following Israels airstrike on Iran. With oil prices climbing to multi-month highs, ONGC stands to benefit from improved realisations, boosting earnings from its upstream operations.
Category:
News and Media
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