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U.S. Markets Jump Back Up; Omicron Variant Worries Stocks in the U.S. markets moved up and bonds fell as the global market bounced back from Friday’s sell-off. Investors are currently reassessing their worst-case scenarios for the next virus outbreak. The S&P 500 is now in green for the month of November, led by gains in […]
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Asian Paints to invest Rs 960 crore to expand Gujarat unit Asian Paints Ltd has signed a Memorandum of Understanding (MoU) with the Govt of Gujarat, commencing the proposed expansion of manufacturing capacity at its Ankleshwar unit at a total investment of about Rs 960 crore. The manufacturing capacity of paint will go up from […]
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U.S. Markets Crash Following Others U.S. stocks crashed on opening after a holiday for Thanksgiving. The selloff was spread from global markets with fears that a new coronavirus variant identified in South Africa could pause economic recovery.  Haven assets rallied. Gold moved up, Japanese Yen moved up as the dollar weakened. Stoxx Europe is down […]
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U.S. Markets closed for Thanksgiving; Futures Gain Global stocks and U.S. index futures moved up with signs of a solid recovery in the world’s largest economy in yesterday’s jobless claims report.  Trading volumes are down around the globe as the U.S. traders celebrate the Thanksgiving holiday. The turnover in Asia’s equity benchmark was 17% lower […]
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JSW Energy’s board approves rejig of renewable, thermal businesses The Board of Directors of JSW Energy Ltd has approved the reorganisation of its green (renewable) and grey (thermal) businesses. All existing and upcoming renewable energy businesses will be housed under JSW Energy Neo Ltd, a wholly-owned subsidiary of the company. This move will help JSW […]
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U.S. Markets Move Down Again; Tech Stocks Once more in Red U.S. stocks fell in the first after the market tried to understand data of how the least jobless claims since 1969 will affect inflation. Personal spending also rose more than expected.  The tech-heavy NASDAQ 100 underperformed other benchmarks again this week as higher Treasury […]
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BPCL to build India’s largest green hydrogen unit Bharat Petroleum Corporation Ltd (BPCL) is planning to build India’s largest green hydrogen plant, as it aims to achieve net-zero emissions for its operations by 2040. The company will set up a 20 megawatts (MW) electrolyzer at its refinery in Bina, Madhya Pradesh, to produce green hydrogen. […]
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TVS Motors to invest Rs 1,200 crore in future technologies and EV TVS Motor Company Ltd has signed a Memorandum of Understanding (MoU) with the Govt of Tamil Nadu to invest Rs 1,200 crore in future technologies and electric vehicles (EVs) over the next four years. The investment would be for the design, development, and […]

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