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Coforge shares: Coforge’s Q2 net profit surged 86% YoY to ₹376 crore, while revenue rose 32% to ₹3,986 crore, driven by strong operational performance.
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Oil prices saw an increase early Monday. This rise followed positive developments in U.S.-China trade talks. Economic officials outlined a framework for a deal. This eased worries about global growth. New sanctions on Russia also contributed to the price hike. Market expectations have improved significantly. Concerns about oversupply have lessened.
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The US dollar is gaining against the yen as global trade talks and central bank meetings begin. President Trump meets Japan’s Prime Minister and China’s President this week. The US Federal Reserve is expected to cut interest rates. Markets will focus on the Fed Chair’s comments. Japan’s central bank may consider rate hikes.
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Gold prices declined on Monday, influenced by a strengthening dollar and easing U.S.-China trade tensions, which diminished the metal’s safe-haven appeal. Investors are now anticipating key central bank meetings later in the week, particularly the Federal Reserve’s interest rate decision.
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Jayesh Logistics is launching its Rs 28.63-crore IPO on Monday, aiming to raise funds for fleet expansion and working capital. The logistics firm, specializing in Indo-Nepal trade and cargo movement, reported strong revenue and profit growth. With a modest grey market premium, investors anticipate limited listing gains as the SME segment sees selective investor interest.
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