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Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
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News and Media
Zinka Logistics shares: Quick Routes International, an early and significant investor in Zinka Logistics, fully exited its position on Tuesday by offloading its entire 9.01% stake through two bulk deals worth Rs 672 crore. NSE data shows that the investor sold more than 1.59 crore shares at prices ranging from Rs 420.06 to Rs 420.25 each.
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News and Media
Morgan Stanley's Chetan Ahya highlights India's growing advantage over China due to tariff differences. American companies are considering increased imports from India. Government policies are significantly boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India's manufacturing exports. Optimism in Indian equity markets aligns with positive economic fundamentals.
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News and Media
Wall Street saw gains on Tuesday. Nvidia and other chip companies helped boost the market. Investors are watching for possible trade talks between the U.S. and its partners. Trump and Xi are expected to speak soon. The market is reacting to new economic data. Wells Fargo is free from its asset cap.
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News and Media
Asian stocks experienced an initial surge following positive US labor market data, mitigating concerns about the impact of trade tensions. South Korean stocks notably led the gains after the election of a new president. Despite warnings from the OECD regarding the global economic downturn caused by trade policies, US markets demonstrated resilience, driven by encouraging economic indicators.
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News and Media
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