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1. Tech Shares Gain in U.S., General Market Falls Tech shares gained in the day as investors turned defensive after the Federal Reserve announced future interest rate increases. Federal Chair Jerome Powell yesterday accepted that inflation is posing risks, and said they had begun a discussion about slowing down bond purchases. Powell denied risk of […]
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Union Cabinet approves additional Rs 14,775 crore for fertiliser subsidies The Union Cabinet has approved the proposal of the Department of Fertilizers for fixation of ‘Nutrient Based Subsidy Rates’ for Phosphatic and Potassic (P&K) Fertilizers for the financial year 2021-22. The subsidy rate on Di-ammonium Phosphate (DAP) fertilisers has been hiked by Rs 700 per […]
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Report of NSDL freezing accounts of FPIs are erroneous: Adani Group In a filing to the stock exchanges, the Adani Group clarified that reports of the National Securities Depository Ltd (NSDL) freezing the accounts of three foreign portfolio investors (FPIs) are “blatantly erroneous”. They stated that the report was meant to deliberately mislead the investing […]
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Adani Group enters into cement business; incorporates Adani Cement The Adani Group, which has a strong presence in the ports, airports, power, gas distribution, and other businesses, is all set to enter the cement sector in India. Adani Enterprises announced that it has incorporated a new wholly-owned subsidiary, Adani Cement, with an authorized share capital […]

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