Sat, Sep 5, 2020 11:01 PM
Tata Motors MD calls for collaboration among stakeholders
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Shares of Advanced Micro Devices and Super Micro Computer sank on Wednesday, sparking a selloff in chip stocks, after their earnings disappointed investors who have piled into the sector on hopes rising AI investments would boost demand. AMD was down more than 6% in premarket trading, and is on course to lose more than $16 billion in market value.
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U.S. stocks closed mixed on Wednesday after the Federal Reserve left its key interest rate unchanged, as expected, and indicated that while its next move will likely be a rate cut, continued progress on inflation is not assured. The S&P 500 and the Nasdaq ended lower while the Dow Jones Industrial Average notched a modest gain.
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The Adi Godrej faction of the Godrej Group led by brother Nadir Godrej, Tanya Dubash, Nisaba Godrej and Pirojsha Godrej have announced an open offer to acquire up to 50.99 lakh equity shares of Astec Lifesciences Ltd., according to an exchange filing. The number of shares proposed to be acquired is equivalent to a 26% stake in the company. Price for the Open Offer has been fixed at ₹1,069...
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