Bitcoin surged towards $70,000, reaching $69,450, as investors monitor the upcoming U.S. presidential election, with analysts suggesting a Trump victory could positively impact the cryptocurrency market and regulations. Bitcoin approaches a psychological resistance point, with a potential interest rate cut by the U.S. Federal Open Market Committee also influencing the market.
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Gold price surged by Rs 750 to hit a record high of Rs 80,650 per 10 grams while silver skyrocketed by Rs 5,000 per kg in the national capital on Monday, according to the All India Sarafa Association. Amid the intensifying conflict in the Middle East, an interest rate cut by the People's Bank of China (PBoC) aided the rally in the yellow metal as investors moved towards the safe haven assets.
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Global investment firm CD&R on Monday announced an open offer to acquire a 26% stake in Sanofi Consumer Healthcare India Ltd for an aggregate of up to Rs 2,983 crore. The development follows Sanofi and Clayton, Dubilier & Rice (CD&R) entering into exclusive negotiations whereby CD&R Group has agreed to acquire a controlling stake in Opella, which holds a 60.4% stake in Sanofi Consumers.
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