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NEWS

Posted On:
24-02-2024

Tata Steel shares trading near record high: Price targets, support, resistance, outlook and more

Tata Steel shares are trading near their record high of Rs 147.35 touched on February 7, 2024. The metal stock closed 0.24% lower at Rs 145.50 on Friday. Shares of Tata Steel Ltd have delivered single-digit returns in 2024. The Tata Group stock surged 4% compared to a surge of 1.42% or 384.73 pts in the BSE metal index this year. Tata Steel shares are trading near their record high of Rs 147.35 touched on February 7, 2024. The metal stock closed 0.24% lower at Rs 145.50 on Friday.
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Posted On:
26-02-2024

Paytm’s advisory panel chief M Damodaran on identifying issues with fintech firm

The advisory committee, formed by Paytm parent company One 97 Communications Ltd. after the Reserve Bank of India’s (RBI) action on the fintech firm’s payments bank business, has yet to identify any issue, head of the committee and former Securities and Exchange Board of India (Sebi) chairman M Damodaran told news agency PTI. While responding to a question w.r.t. RBI’s January 31 order on Paytm Payments Bank Limited and its impact on Paytm, Damodaran said at this point, the firm is dealing with the RBI. “We are an external regulator. At this point, they (Paytm) are dealing with RBI,” Damodaran said during the release of his biography ‘The Turmeric Latte’ compiled by his former Sebi colleagues.
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Posted On:
26-02-2024

Reliance, Disney sign binding merger pact, RIL to own 61% in merged entity

As per the pact, the media unit of Reliance and its affiliates are expected to own at least 61 per cent in the merged entity, with Disney holding the rest. Reliance Industries Limited (RIL) and Walt Disney Co have signed a binding pact to merge their media operations in India, Bloomberg reported on Sunday, citing people familiar with the matter. As per the pact, the media unit of Reliance and its affiliates are expected to own at least 61 per cent in the merged entity, with Disney holding the rest. The stake split between the partners may change, depending on how Disney’s other local assets are factored in by the time the deal is closed. The deal is likely to be announced early this week.
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Posted On:
27-02-2024

YES Bank shares fall over 7% in two sessions on Goldman's downgrade

Shares of YES Bank fell nearly 4% to the day's low of Rs.25.25 on Monday, extending their losses to the second straight session and falling over 7% following last week's downgrade by Goldman Sachs, where it issued a 'Sell' rating. The development comes ahead of YES Bank's analyst meeting with Jefferies India and Artisan Partners on Thursday. Yes Bank's stock is currently priced at ₹25.23, showing a decrease of 3.81% in percentage change. The net change is -1, indicating a decline in the stock price. On the last day, Yes Bank's BSE volume was 56,639,243 shares with a closing price of ₹26.23.
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Posted On:
27-02-2024

First US-India cybersecurity drive launched to strengthen IT partnership

The US Consulate, in collaboration with the Mahratta Chamber of Commerce, Industries and Agriculture (MCCIA), launched the first-ever US-India Cyber Security Initiative to strengthen IT connections between the two countries. US Consul General Mike Hankey, who was in Pune at the MCCIA Pune Business International Business Summit on Monday, said the initiative aims to unite top cyber security experts globally to create jobs and develop cutting-edge solutions. The initiative will lead the city into a mentorship model in cyber space and will also foster people-to-people ties in cyberspace, he said. The launch is timely, since digital technologies are advancing more rapidly than at any previous point in human history, he added. Hankey emphasized that a secure, resilient, and stable cyberspace is crucial for the development of both the public and private sectors, enabling people worldwide to benefit from the free flow of information online.
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