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India saw a slowdown in demat account growth in August. Around 24.8 lakh new accounts were added, less than July's 29.8 lakh. Market caution affected investor enthusiasm. Total demat accounts are now over 20 crore, a fourfold increase since 2020. New investors are mainly young individuals from smaller cities.
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BSE cautions investors against unauthorized investment advice regarding Elegant Floriculture & Agrotech India and Spright Agro scrips disseminated through social media. The exchange warns against entities like Vijay Wealth Advisor and Pankaj Bhardwaj Way2laabh, operating via Telegram, offering investment tips without proper registration.
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August proved volatile for PMS funds, with several small and midcap strategies logging steep lossesValcreates Lifesciences fund plunged 10.19%. Yet, a few portfolios like Wallforts Avenue Fund and Valcreates Digital Disruption strategy posted modest gains, highlighting sharp performance divergence.
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Indias home textile sector faces a 510% revenue drop this fiscal after the US imposed 50% tariffs. While frontloaded orders, limited rival capacity, and new markets offer some cushion, profitability may shrink. Crisil warns of weaker credit metrics, though optimism over IndiaUS trade talks briefly lifted textile stocks.
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A recent poll indicates that Americans are concerned about President Donald Trump's increasing use of executive power. This includes deploying troops to cities and intervening in the economy. Most people favour limits on presidential power, the poll found. They disapprove of Trump's actions that break established norms.
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News and Media
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