Tue, Jul 2, 2024 9:55 AM
Government increases guideline value by upto 10% in Chennai
A Flip by Riya Sharma
The BSE Sensex reached a new peak of 80,375, extending its rally for the second straight session, driven by strong global market sentiments on the US Fed rate cut buzz. The index has surged 10,000 points in less than seven months, with buying seen across segments, particularly in stocks like ICICI Bank, Infosys, and Tata Motors. Analysts expect the market to continue its upward trend.
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Saudi Aramco and ADNOC are considering bids for Australian gas producer Santos, with a market capitalization of $16.63 billion. Santos shares rose 6.5% following the report, with the company's LNG business and stake in PNG LNG attracting potential buyers. However, analysts doubt a deal, citing Santos' size and domestic assets as obstacles, and consider a bid at a material premium unlikely.
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The Noida district administration has begun taking possession of 1,365 acres of land for the second phase of the Noida International Airport, including an MRO hub and aviation hub, at a cost of Rs 4,898 crore. So far, 237 hectares of land have been acquired from six villages, with compensation distribution nearing completion.
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