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YES Bank shares have surged 10% over the past three sessions, touching a fresh 52-week high, as investors pile in ahead of quarterly earnings and amid renewed optimism following Japanese lender Sumitomo Mitsui Banking Corporations (SMBC) stake purchase.
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News and Media
UK-based Investec initiated coverage on Adani Ports with a buy rating and a target price of Rs 1,715, implying 23.5% upside from the previous close. The brokerage highlighted strong organic growth potential, efficient operations, a robust balance sheet, and deleveraging, projecting 15% revenue CAGR over FY2530. Adani Ports integrated logistics and marine services further enhance long-term growth prospects.
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Global finance chiefs are facing renewed US-China trade war fears as President Trump threatens 100% tariffs, shattering hopes for a thaw. The IMF and World Bank meetings are now dominated by concerns over escalating tensions, despite the global economy's surprising resilience. This volatility has injected uncertainty into crucial economic discussions.
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