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Oil prices saw a significant increase. This happened after OPEC plus countries decided to increase oil production. The increase was less than expected. Geopolitical tensions involving Ukraine and Iran also contributed. OPEC plus agreed to a daily supply increase for July. However, some members like Russia had reservations. Banks are divided on future production hikes. Brent crude prices also increased.
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News and Media
Lendingkart Finance, backed by Temasek, faced losses before tax in 2024-25, breaching a covenant on its 75 crore bonds. The company is seeking a waiver from bondholders, who are likely to grant it given the guarantee from Lendingkart Technologies and Temasek's increased stake. Despite the losses and a shrinking loan book, investors are comforted by Temasek's commitment and past investments.
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News and Media
The Nifty 200 Momentum 30 Index has recently underperformed compared to the Nifty 50, potentially offering aggressive investors an opportunity for gradual investment. Experts suggest that this underperformance is temporary, and a systematic investment approach over the next 3-6 months could be beneficial as the market regains its rhythm.
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News and Media
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