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Canara HSBC Life Insurance is set to raise 2,518 crore via an offer for sale, reducing promoter stake to 62%. Despite a lower Value of New Business margin due to high operating expenses, the company's discounted valuation makes it an attractive prospect for long-term investors eyeing the insurance sector. Its embedded value has seen significant growth.
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Tata Consultancy Services is investing heavily in artificial intelligence and data centres. This move aims to build new capabilities for global companies. The company plans to create 1 gigawatt of data centre capacity. This initiative is a strategic response to slowing revenue growth. TCS is also acquiring ListEngage to boost its Salesforce platform.
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The Trump administration will purchase pesos in a bid to calm Argentina's economic crisis.
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News and Media
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