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Steel Authority of India Limited shares dropped on Thursday. The company reported a significant profit decline for the July-September quarter. Total income and sales turnover saw an increase. Earnings before interest, tax, depreciation, and amortization also decreased. Morgan Stanley maintained an 'Equalweight' rating with a target price. The quarter included an exceptional loss.
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Indian investors are increasingly drawn to Dubai's real estate market for wealth creation, leveraging the Liberalised Remittance Scheme to build portfolios. Dubai offers a balanced and lucrative international market with steady rental yields from affordable housing and strong capital appreciation from luxury properties, fueled by a zero-tax regime and global migration.
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Hitting the new benchmark puts more emphasis on the upheaval being unleashed by an artificial intelligence craze thats widely viewed as the biggest tectonic shift in technology since Apple.
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