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Intel shares surged as much as 7.8% in early trading on Friday, hitting an 18-month high, as investors rallied behind CEO Lip-Bu Tan’s aggressive cost-cutting measures that helped the chipmaker surpass quarterly profit estimates and regain stability amid a flurry of high-stakes bets on future growth.
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Markets watchdog Sebi on Friday proposed changes to align regulations for entities issuing non-convertible securities, standardising the process for handling unclaimed amounts by allowing their transfer only after seven years from maturity.
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Life Insurance Corporation (LIC) increased its holdings in Tata Consumer Products to 8.65% and in Dabur India to 6.99%. The purchases, made between February and October 2025, signal renewed confidence in India’s FMCG sector amid steady consumption trends.
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Wall Street opened on solid ground on Friday, as investors welcomed a cooler-than-expected inflation reading, while Intel’s upbeat results offered a boost.
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Indian markets saw a strong rally on Friday. Cooler inflation data boosted hopes for Federal Reserve rate cuts. Intel’s positive earnings fueled momentum in AI-related stocks. Major indices like the Dow, S&P 500, and Nasdaq reached record highs. This surge marks a significant weekly gain for these indices. Investors are now looking towards upcoming meetings...
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Coforge Q2 Results: Coforge reported a stellar Q2, with net profit surging 86% year-on-year to Rs 376 crore. Revenue climbed 32% to Rs 3,986 crore, driven by strong order intake and new client acquisitions. The company’s robust performance and low attrition signal an exceptional fiscal year ahead, according to its CEO.
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Markets regulator Sebi on Friday introduced a streamlined process for transferring Portfolio Management Services (PMS) business from one portfolio manager to another, aimed at enhancing ease of doing business.
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