Tue, Sep 10, 2024 11:28 AM
Astrazeneca, Natco Pharma shares rally 4% after GST cut on cancer drugs
A Flip by Shubhangi Gupta
India's Petroleum Minister Hardeep Singh Puri expressed confidence in navigating potential energy challenges amid the escalating Middle East conflict, citing diversified oil suppliers and sufficient options to meet the country's energy needs. Crude oil prices surged to $78-79 per barrel due to concerns over Israel targeting Iran's oil infrastructure.
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For the sixth consecutive sessions, benchmark indices bore the brunt of heavy selling by foreign portfolio investors (FPIs). And despite domestic institutional investors (DIIs) putting in an all-time high investment of Rs 13,245.12 crore, indices fell by almost 1%. According to market experts, retail and high net worth individuals may also have started booking profits.
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Amazon Inc Chief Executive Officer Andy Jassy’s decision to bring back employees to the office full-time shows the executive’s concern that new recruits don’t understand the company culture, reported the news agency Bloomberg on Monday, October 7. Last month, Jassy surprised the employees with a memo instructing them to start coming to the office five days a week from January.
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