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JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.
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Indian markets turned cautious on tariff concerns and are expected to consolidate in a narrow range. Analysts recommend Oil India, MRPL, Thyrocare and PVR Inox, citing bullish reversal patterns, improving momentum and favourable technical indicators for short-term gains.
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Indian equities ended lower after a sharp intraday reversal, as global trade concerns, rising crude prices, weak rupee, FII outflows and cautious earnings outlook erased early gains despite supportive inflation data and resilient small-cap performance.
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Global brokerages expect Corporate America to deliver a strong ‍fourth-quarter earnings season, driven by ​a broadening of profit growth across industries ⁠as the U.S. economy remains resilient.
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The ‍S&P ​500 and the ⁠Dow opened near record highs on Tuesday ‌after ‌a largely in-line ‌inflation report sustained expectations of rate cuts this year, while investors weighed ​mixed ​quarterly results from ‌JPMorgan ‍and Delta ‍Air Lines.
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India’s ICICI Lombard ​General Insurance reported a decline in third-quarter profit on Tuesday, ⁠as higher payouts to agents and employees outweighed strong demand in retail health and motor insurance.
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Indian engineering research and development (ER&D) firm ‍Tata Elxsi reported a ​45.3% drop in third-quarter profit on ⁠Tuesday, primarily due to a one-time charge tied to the country’s new labour codes.
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U.S. senators late Monday night ⁠unveiled draft legislation that would create a regulatory framework for cryptocurrency which, if signed into law, would clarify financial regulators’ jurisdiction over the burgeoning sector, potentially boosting digital asset adoption.
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Bharat Coking Coal’s IPO drew record-breaking demand, with subscriptions nearing 147 times amid volatile markets, driven by scarcity value, strategic importance to steelmaking, reasonable valuation and confidence in its dominant, monopoly-like position.
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JPMorgan Chase said Tuesday that its fourth-quarter profits rose 9% on an adjusted basis, as the bank continues to benefit broadly from a strong economy in both its consumer and investment banking divisions.
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