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Figma Inc. witnessed a remarkable 250% surge on its IPO debut, marking the largest first-day increase for a US-traded company exceeding $1 billion in three decades. Despite subsequent volatility, its market value soared to $61.5 billion, surpassing expectations from its abandoned Adobe merger.
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News and Media
Amazon.com share price fell about 7% on Friday as the tech giant's results fanned investor fears its cloud unit was falling behind Microsoft and Alphabet in the artificial intelligence race.
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News and Media
ITC Q1 Results: FMCG major ITC reported a 3% year-on-year increase in its consolidated net profit for the June quarter at Rs 5,244 crore on Friday, compared to Rs 5,092 crore in the year-ago period. The profit after tax (PAT) is attributable to the owners of the company.
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News and Media
Indian shares plummeted on Friday, with the Sensex and Nifty falling sharply due to global headwinds and U.S. tariffs on Indian exports. Persistent foreign fund outflows and a strengthening dollar further pressured the market. Pharma stocks also suffered following concerns over potential U.S. price regulations. Technical analysis suggests a further downside, with key support levels being closely watched by analysts.
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News and Media
Zerodha CEO Nithin Kamath advises investors to avoid chasing top funds and instead focus on boosting their earning potential. He recommends low-cost multi-asset index funds as simple, effective investment tools. Zerodha AMC recently launched such a fund to simplify investing. This single fund gives investors exposure to large-cap and mid-cap equities, government bonds, and gold all in one place.
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News and Media
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