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Without admitting or denying the SECs findings, GQG agreed to be censured, to cease and desist from violating the whistleblower protection rule, and to pay a $500,000 civil penalty, it said in a release.
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Sugar stocks surged up to 8% following Food Minister Pralhad Joshi's announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balrampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the upcoming season.
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Shares of metal companies like National Aluminium and SAIL surged following China's 50 basis point cut in reserve requirements, aimed at boosting economic growth amid ongoing deflationary pressures.
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News and Media
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