Wed, Jun 26, 2024 6:47 PM
US government awards $85 million to ease affordable housing development
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Indian stock market benchmarks, Sensex and Nifty 50, ended their four-day winning streak with losses on Friday. The Nifty 50 reached a record high of 24,174 but closed 0.14% lower at 24,010.60, while the Sensex hit a new record high of 79,671.58 but ended 0.27% lower at 79,032.73. Analysts recommend buying 📌Tata Motors, 📌Britannia Industries, and 📌ONGC stocks for Monday.
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Shankar Sharma is rallying Brightcom Group (BCG) shareholders to unite against the company's ongoing issues, including SEBI scrutiny for listing violations and accounting fraud. BCG understated expenses and overstated profits by Rs 1,280 crore over five years, and Sharma accuses the company of fabricating financial figures, pointing to inconsistencies and gaps in information.
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📌India's foreign exchange reserves increased by $816 mn to $653.7 bn as of May 21, 2024. 📌DEE Piping Systems shares listed at 67% premium. 📌Aasaan Loans' shares listed at 6% premium. 📌The IPOs of Stanley Lifestyles, Allied Blenders, & Vraj Iron and Steel were oversubscribed. 📌Several AMC, including Axis AMC and SBI AMC, launched NFOs for various index funds and ETFs.
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