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Sula Vineyards CEO Rajeev Samant raises stake to 23.27% with Rs 3 crore share purchase, marking his first buy since the 2022 listing. The shares bought by the promoter would be worth more than Rs 2.7 crore.
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US stock markets surged on Monday as US President Donald Trump announced a postponement of strikes against Iran. This decision followed productive conversations with Tehran. Markets had previously fallen due to Iran’s threats. The US President’s comments led to a sharp recovery in global stocks and a drop in oil prices. This marks a significant improvement in investor sentiment.
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Gift Nifty sharply surged 3.6% to 23,275 in the post market hours of Monday, following Trump’s announcements, after escalations in the war between Iran and US-Israel led to a massive selloff earlier during the day.
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The ​U.S. president had warned that Iranian power ⁠plants would be destroyed if Tehran failed to “fully open” ​the Strait of Hormuz to all shipping ​within 48 hours, setting a deadline of around 7:44 p.m. EDT (2344 GMT) on Monday. His comments sparked threats of retaliation from Iran’s Revolutionary Guards, which said they would attack Israel’s power plants and those supplying U.S. bases across ‌the...
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