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Adani stocks tank after Rs 34,900-crore petchem project suspension shows Hindenburg fallout still lingering on

Gautam Adani-led group suspended a Rs 34,900 crore petrochemical project at Mundra in Gujarat to focus on resources to consolidate operations. Adani Group stocks fell on Monday with Adani Enterprises.

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Credit Suisse says $17 billion of its debt now worthless, angering bondholders

By Pablo Mayo Cerqueiro, Chiara Elisei and Davide Barbuscia LONDON/NEW YORK (Reuters) – Credit Suisse said 16 billion Swiss francs ($17.24 billion) of its Additional Tier 1 debt will be.

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Share Market outlook today: Nifty, Bank Nifty may fall amid unfavourable global cues; check support, resistance

Nifty and Bank Nifty Today: Nifty first support is placed at 17070 and then 16951 and resistance is seen at 17258 and 17328. Bank Nifty first support placed at 39365,.

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Markets remain focused on US Fed’s rate hike decision; Petronet, MGL among top stocks to buy

Nifty has to hold above 17071 zones to witness a bounce towards 17171 and 17250 zones, while on the downside supports are seen at 16950 and 16800 levels. By Rahul.

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Reliance Industries, Pfizer among 245 NSE stocks to touch 52-week lows; 26 hit 52-week highs

Reliance Industries, HDFC Bank, Infosys, ICICI Bank and Adani Enterprises are the most active Nifty 50 stocks intraday.  Benchmark indices BSE Sensex and NSE Nifty traded snapped their two-day gaining.

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Walmart pumps $200 million in Indian fintech PhonePe in ongoing fundraise

BENGALURU (Reuters) – Indian digital payments firm PhonePe said on Friday it has raised $200 million from majority backer Walmart (NYSE:WMT) Inc at a pre-money valuation of $12 billion. PhonePe,.

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India’s TCS, Infosys have highest exposure to U.S. regional banks – J.P.Morgan

(Reuters) – Top Indian information technology firms Tata Consultancy Services and Infosys (NYSE:INFY) have the highest exposure to regional banks in the United States that are gripped by a financial.

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FedEx jumps after lifting profit view amid pressure on e-commerce parcel volume

(Reuters) – FedEx Corp (NYSE:FDX)’s shares rose as much as 11% in early trade on Friday, after aggressive cost cuts helped the freight bellwether lift its profit forecast despite falling.

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Microsoft offers EU remedies seeking OK on Activision deal

By Foo Yun Chee BRUSSELS (Reuters) – Microsoft Corp (NASDAQ:MSFT) has offered remedies in an attempt to gain EU antitrust approval for its $69 billion acquisition of Activision, a European Commission filing.

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Volkswagen to invest in mines in bid to become global battery supplier

By Victoria Waldersee BERLIN (Reuters) -Volkswagen plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers,.

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