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India's consumption tax cuts, hailed as a major reform, have yet to impress the stock market, overshadowed by concerns like US tariffs and implementation challenges. While some sectors like autos may benefit, broader investor sentiment remains cautious due to complexities in the new tax structure and uncertainties surrounding consumer spending and global economic headwinds.
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News and Media
Urban Company's Rs 1,900 crore IPO opens today, priced at Rs 98103 per share, featuring a fresh issue and offer-for-sale. GMP indicates a 35% premium, reflecting strong demand. Founded in 2014, the company connects customers with service professionals and reported Rs 1,144.5 crore revenue in FY25, turning profitable.
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News and Media
Gold prices remained steady on Wednesday. Investors are waiting for important inflation reports later this week. Expectations of a U.S. interest rate cut this month helped keep gold above $3,600 per ounce. The dollar index rose, making gold more expensive for other currency holders. Focus is now on U.S.
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News and Media
Asian stocks showed mixed performance as investors await key inflation data that could influence the Federal Reserve's rate cut decisions. Hopes for rate cuts were fueled by signs of a cooling US labor market, even as geopolitical tensions in the Middle East pushed oil prices higher. Traders are also monitoring potential trade actions and economic data from China.
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News and Media
Vedanta has won the bid for Jaiprakash Associates. The deal worth Rupees 12,505 crore may face hurdles. Legal battles over asset ownership are a concern. Disputes with Yamuna Expressway Authority are ongoing. There are issues with pledged shares in Bhilai Jaypee Cement. Promoter Manoj Gaur's guarantees add complexity. The resolution process could face court challenges.
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News and Media
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