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Adani Power share price at new 52-week high after Q1 profit rises 17-fold; should you buy, sell, hold?

Adani Power share price jumped nearly 4 per cent to a new 52-week high of Rs 354 apiece on BSE on Thursday, after the company posted a manifold jump in consolidated net profit to Rs 4,779.86 crore in Q1. The company had reported a consolidated net profit at Rs 278.22 crore in the corresponding quarter …

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Petrol and diesel price August 16: Fuel cost unchanged; Check prices in Delhi, Mumbai, other cities here

Petrol and Diesel Rate Today in Delhi, Bangalore, Chennai, Mumbai, Lucknow: The price of petrol and diesel has been left unchanged for the 83rd day by OMCs on August 16. The most recent price reduction had came in Maharashtra when the state government announced a cut in value-added tax (VAT) on petrol by Rs 5 …

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Bharti Airtel share price soars 2% on sixfold jump in Q1FY23 net profit; should you buy, sell or hold?

Bharti Airtel share price jumped 2% to Rs 719 apiece on BSE on Wednesday, a day after the telecom major’s on-year consolidated net profit soared sixfold in the first quarter of FY23, led by strong revenue growth and 4G customer addition. Bharti Airtel reported a on-year jump of 5.6 times in net profit to Rs …

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Andhra Pradesh: Two dead, 40 injured at Banni festival in Kurnool

Two persons died and around 40 people suffered injuries during the traditional stick fight festival, known as Banni festival, at Devaragattu village in Kurnool district of Andhra Pradesh. Kurnool Superintendent of Police (SP) G Krishnakanth told news agency PTI that the two persons died after they fell from the branch of a tree while trying …

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Not OTTs, but telcos’ users directly driving data traffic, says BIF

The Broadband India Forum (BIF), which represents major technology firms like Meta, Google, Amazon, and Netflix, has said that telecom operators are misleading the government with their arguments that OTTs (over-the-top players) are directly consuming majority of the bandwidths on their networks and therefore should pay a network fee. Infact, telcos’ own subscribers have deployed …

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These COVID-19-proof stocks may earn good returns if second coronavirus wave hits economy: INTERVIEW

BSE Sensex and NSE Nifty 50 have rallied 40 per cent from March lows, largely driven by overwhelming liquidity worldwide. However, rising coronavirus cases in India and elsewhere would limit further upside in the markets, says Ajit Mishra, VP-Research, Religare Broking. As the world fears the second coronavirus wave, there is huge uncertainty related to …

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Share Market Highlights: Sensex ends flat with negative bias at 58817, Nifty edges 10 pts higher to settle at 17534

Share Market News Today | Sensex, Nifty, Share Prices Highlights: Indian benchmark indices closed flat but in opposite directions on Wednesday. S&P BSE Sensex ended the day 35.78 points or 0.06% lower at 58,817 points while the NSE Nifty 50 index closed 9.65 points or 0.06% in the green to settle at 17,534. Bank Nifty …

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US Stocks: Futures fall as Fed rate hike worries sap risk sentiment

U.S. stock index futures fell on Friday after Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, while deliberating on how fast and how high to lift them. High-growth and technology stocks such as Amazon.com Inc and Alphabet Inc declined more than 1% in trading before the …

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Investment via P-notes declines to Rs 75,725 crore in July

Investment in the Indian capital markets through participatory notes declined to Rs 75,725 crore at the end of July, the lowest level in nearly two years, mainly in the wake of aggressive rate hikes by the US Fed. This also marks the third consecutive monthly decline in investment numbers. Also read: Stocks to buy: Kansai …

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Sebi gives in-principle approval for change in control of HDFC AMC

Capital markets regulator Sebi has granted in-principle approval for change in control of HDFC Asset Management Company along with change in one of the co-sponsors of HDFC Mutual Fund from HDFC Ltd to HDFC Bank. The change in control will happen following the merger of HDFC and HDFC Bank. Also Read| Nifty holds 17350 after …

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