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Discord at India’s Tata Sons is escalating, potentially jeopardizing its $300 billion empire. A family feud over a 18.4% stake held by the Mistry family fuels resistance to a public listing, a move seen as the logical solution. This internal conflict risks impacting major business ventures and the group’s esteemed reputation.
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Indian defence stocks such as BEL, HAL and BDL fell up to 3% even as escalating tensions in the Middle East boost investor interest in the sector. Analysts say strong government spending, growing order books and rising geopolitical uncertainties could continue to support long-term growth prospects for defence companies.
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Japanese stock markets experienced a sharp decline on Monday. The Nikkei index dropped significantly, reaching a two-month low. This downturn was driven by a surge in oil prices, sparking concerns about inflation and a potential economic slowdown. Investors are now reassessing market prospects amid ongoing geopolitical tensions in the Middle East.
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