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Following a disappointing profit report, shares of the food delivery company Eternal fell sharply. In a surprising twist, however, their revenue soared significantly. Brokerage analysts are issuing mixed reactions with varying target price adjustments. On a promising note, Blinkit, their fast-commerce segment, is scaling up swiftly and is expected to hit breakeven shortly.
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News and Media
The dollar is on a downward trend, fueled by escalating global trade disputes and indicators of a sluggish U.S. economy. This shift bolsters the argument for the Federal Reserve to consider lowering interest rates. As a result, investors are gravitating towards safer assets such as gold and cryptocurrencies.
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News and Media
In the latest market session, Indian shares slipped as concerns loom over regional banking stability and complex trade dynamics with the US and China. Notably, Zions Bancorporation and Western Alliance faced hefty losses, dragging down the tech sector as well.
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News and Media
Asian shares declined Friday as US bank bad loans and credit market concerns dampened investor sentiment. Gold and silver hit record highs amid US economic fears and US-China tensions. The Bank of Japan signaled continued tightening, while the White House is set to ease auto tariffs.
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News and Media
India's food and beverage sector is set for a 9,000 crore IPO wave from over a dozen companies, signaling robust consumption growth and investor confidence. Major players like Milky Mist Dairy Food and Prestige Hospitality Ventures are leading the charge, with others like Curefoods India and Infifresh also planning significant public offerings.
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News and Media
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