Tue, Feb 6, 2024 3:04 PM
Why have half of India’s payments banks shut shop?
A Flip by Shubhangi Gupta
Borosil Renewables' shares surged 40% in 6 weeks, locked in a 5% upper circuit for the third consecutive day, after the company announced a 50% expansion in its solar glass manufacturing capacity, driven by the government's move to impose a "reference price" on imports from China and Vietnam, aimed at curbing cheap and dumped imports.
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Stock Market Today: Manappuram Finance share price gained 6% in the morning trades on Thursday. Company announced post market hours on Wednesday that the Reserve Bank of India is lifting curbs on a subsidiary Asirvad Micro Finance Ltd. Manappuram Finance share price that opened at ₹188.80 on the BSE on Thursday, almost 5% higher than the previous close of ₹180.05.
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Marco Papic, Chief Strategist at BCA Research, predicts the dollar index will peak at 111 by year-end due to US fiscal policy and tariff negotiations, before reversing. He advises sticking with US assets for now, but seeking entry points in non-US assets, including India, which he expects to perform well once hurdles are cleared.
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