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Nasdaq filed a new rule on Friday that would allow the exchange to block IPOs even when companies meet all listing standards if it detects red flags that could make a company’s stock vulnerable to manipulation.
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U.S. 10-year Treasury yields rose on Friday after two straight sessions of declines, as investors assessed commentary from a flurry of Fed speakers and a positive outlook on the economy.
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Usha Martin’s promoter, Peterhouse Investments India Limited, divested 23 lakh shares for Rs 99 crore in a block deal. Morgan Stanley and Bandhan Mutual Fund were among the buyers, acquiring shares at Rs 430 each. The transaction occurred as Usha Martin’s stock closed higher at Rs 440.45.
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LIC has reduced its stake in Adani Ports to 7.34% by selling nearly 3.9 crore shares since 2022, even as the stock outperforms benchmarks and posts strong quarterly revenue and profit growth.
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Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.
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Sebi has dropped insider trading charges against Pranav Adani and two others, ruling their Adani Green trades occurred after news of the SB Energy acquisition became public, making the information no longer price sensitive.
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Gold and silver prices surged to all-time highs on MCX as the rupee hit a record low, with global safe-haven demand, wedding-season buying and strong investor interest driving bullion’s sharp 2025 rally.
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The rupee closed at a record low of 90.41 amid strong importer dollar demand, Mexico’s tariff move, lack of the India-US trade deal, and continued FPI outflows, marking a 1% December drop and nearly 6% yearly depreciation.
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The S&P 500 and the Nasdaq opened lower on Friday as Broadcom’s latest results added to concerns about an AI-fueled bubble, dampening optimism stoked by the Federal Reserve’s less-hawkish-than-expected signals on 2026 rate cuts.
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Two officials who voted against the Federal Reserve’s decision to lower interest rates again this week cited a need for more economic data and too-hot inflation in explaining their decisions on Friday.
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