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Bernstein's Venugopal Garre is optimistic about quick commerce and organized retail, maintaining an overweight stance on both. Though Q-Commerce's impact on traditional retailers is expected to be limited in the near term, he sees potential for growth in tier II and tier III cities. Traditional sectors show signs of slowing, but banks are poised for growth with rate cuts.
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Hyundai IPO GMP Today: Hyundai India's IPO opens tomorrow with shares trading at a 3% premium over the issue price in the grey market. The automaker's parent, Hyundai Motor Global, will offload 17% stake. Despite a lower GMP, Hyundai aims to use proceeds for innovation and R&D.
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Some of the world's biggest firms have voiced confidence in the economy ahead of an investment summit.
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News and Media
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