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Indian markets extended gains as Nifty and Sensex rose for a second session, led by financials, auto and consumer stocks. Nifty crossed 25,800, reclaimed key averages and signalled bullish momentum, with analysts eyeing 26,000–26,200 while support holds near 25,650 zone.
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Consumer goods company Marico is expanding its international presence. It has acquired a 75% stake in Vietnamese direct-to-consumer beauty firm Skinetiq. This move strengthens Marico’s premium beauty portfolio and D2C strategy abroad. Vietnam is a key market for Marico due to its economic growth and evolving beauty sector. The company also recently acquired Indian plant-based...
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Zydus Lifesciences posted strong Q3 results with revenue up 30% to Rs 6,864.5 crore, driven by consumer wellness and overseas markets. Profit growth was muted by one-time costs, while EBITDA rose 31%, reflecting scalable operations and demand across geographies.
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Nifty closed higher for a second session as broad-based buying lifted financials, auto and consumer stocks. The index crossed 25,700, reclaimed key averages, and shows bullish momentum, with analysts eyeing 26,000–26,200 while support holds near 25,650 in the short term.
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Sebi on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE).
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Eli Lilly ​will buy Orna Therapeutics for up to $2.4 billion in ⁠cash, gaining access to a technology that allows patients’ own cells to generate therapies inside the body, without the need to extract them.
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Britain’s financial regulator wants to publish all trading data for London-listed shares in a bid to tackle the under-reporting of market liquidity ‌that has driven ‌some companies to shift their listing to the United States, the watchdog said on Monday.
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Alphabet ‍is looking to raise about $15 ​billion from a U.S. high-grade dollar bond ⁠sale, Bloomberg News reported on Monday, citing people with knowledge of the matter.
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Muthoot Microfin reported a sharp Q3 turnaround, with net profit jumping over sixteenfold to Rs 62.4 crore as provisions and credit costs fell. Asset quality improved, margins inched up, while loan growth remained steady amid sector recovery in India markets.
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Wall ‍Street’s ​main indexes opened lower ⁠on Monday after a week when ‌AI ‌disruption concerns caused technology ‌stocks to tumble, while investors awaited crucial economic data for ​insight into ​the U.S. ‌Federal ‍Reserve’s interest-rate path.
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