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Oil prices saw a slight increase on Friday, breaking a three-day slump. Concerns over excess supply and weakening demand in the United States are impacting the market. Prices are still on track for a second consecutive week of decline. Major global producers are increasing output, contributing to the downward pressure. The U.S.
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Japan’s Nikkei index experienced a significant weekly decline, its largest since April, driven by a sell-off in heavyweight tech stocks mirroring U.S. market trends. Concerns over stretched valuations and disappointing corporate earnings impacted major players like SoftBank and Advantest. Despite a strong October rally, a cautious market sentiment emerged, with investors now closely watching upcoming company results for direction.
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Shining Tools, a precision carbide cutting tool manufacturer, launched its Rs 17.1 crore SME IPO on November 7. The company aims to boost manufacturing capacity and working capital. With strong recent financial growth and high profit margins, the IPO proceeds will fund new machinery and expansion, capitalizing on India’s growing manufacturing sector.
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Curis Lifesciences launched its Rs 27.5 crore SME IPO on November 7, aiming to raise funds for infrastructure expansion and working capital. The company, which focuses on contract manufacturing and exports, reported strong revenue and profit growth in FY25. The IPO will close on November 11, with shares set to list on the NSE SME platform on November 14.
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Investors have a final chance today to buy Power Grid Corporation of India shares for a Rs 4.50 interim dividend. The stock will trade ex-dividend from November 10. This dividend is for the financial year 2025-26. Eligible shareholders will receive the payout on December 1. Other companies also have ex-dividend dates soon.
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