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CleanMax Enviro Energy Solutions is preparing for an initial public offering. The renewable energy company aims to raise 4,000-5,000 crore. The IPO will include both primary and secondary share sales. It values CleanMax at around 18,000-20,000 crore. Brookfield and other investors will sell stakes. The funds will support CleanMax's future growth. Axis Capital and other banks are managing the offering.
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News and Media
Indian benchmarks experienced a decline of over 1% on Tuesday, driven by uncertainty regarding near-term market prospects and profit-booking after a recent rally. Ebbing foreign inflows and a surge in Covid-19 cases across India and Asia further contributed to the cautious market sentiment. Traders are also adding short positions, suggesting limited upside potential in the near future.
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News and Media
While we are still going to end up with sizable tariffs on imports this year compared to the start of the year, it is important to look at where we were just five weeks ago. At that point, with tariffs at 145% on one side and 125% on the other, we were essentially facing a virtual embargo on trade between the two largest economies in the world.
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News and Media
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