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Cabinet approves Rs 6,322 crore PLI scheme for specialty steel The Union Cabinet has approved a Production Linked Incentive (PLI) scheme for specialty steel. Incentives worth Rs 6,322 crore will be provided to eligible manufacturers over five years. The scheme is expected to bring in investments of approximately Rs 40,000 crore and capacity addition of […]
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1. U.S. Markets Rebound; Financial Stocks Move Up  Buyers kicked in the dip with last week’s worst-performing stocks now moving back up. S&P 500 found support near its 50-day moving average.  Industrial, financial and small-cap firms are leading the rally. Tech shares underperformed as they had not fallen anyway. We will have to watch if […]
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1. Global markets in red Stocks across global markets fell and bonds moved up as concerns of Covid-19 once again took hold of the market. All major sectors in the U.S. market moved down led by financial and industrial companies. Airline and travel stocks also fell with the expectation of more restrictions around the country.  […]

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