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Several Nifty 200 companies including Apollo Hospitals Enterprise, JSW Steel and Asian Paints reported lower promoter pledges in the December quarter, a signal of improving financial stability and stronger promoter confidence in business prospects.
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U.S. Energy Secretary Chris Wright said on ​Thursday global oil prices are unlikely to hit $200 a barrel even as crude tankers remained stalled in the Strait of Hormuz and the U.S. and ‌Israeli war ⁠with Iran ⁠widened.
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The number of Americans filing new applications for jobless benefits fell ​last week, which could help to ​assuage fears of a labor market deterioration after an unexpected decline ​in employment in February.
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Bank of Baroda on Thursday said it has raised USD 500 million five-year syndicated term loan facility through its IFSC Banking Unit in GIFT City, attracting participation from investors across key Asian markets.
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Despite private banks lagging the Nifty 50 and BSE Sensex recently, market veteran Gurmeet Chadha sees strong value in banking stocks, citing attractive valuations and a shift from LDR to LCR that could boost credit growth by 3–7%.
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