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1. Global Markets Move Flat as Vaccinations Pick-up Speed US Markets opened flat keeping aside inflation fears. Dow Jones Industrial Average celebrates its 125th birthday. Amazon has agreed to buy James-Bond and Tom&Jerry franchise owner MGM for $8.5 Billion(~Rs 62,000 crores) as streaming wars heat up. Dow Jones is up 0.08% NASDAQ is up 0.46% […]
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Covid-19 Second Wave Poses Increased Risk For India’s Economic Recovery: Fitch Credit rating agency Fitch on Friday said that the second wave of COVID-19 currently soaring in India poses an increased risk for its economic recovery. It cited concerns regarding the MSME sector and the Banking Sector, both of which are still recovering from the […]
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1. U.S. Stocks Fluctuate; Crude Oil Declines U.S. stocks fluctuated as investors weighed the budding economic recovery and progress on vaccines against the risks of rising inflation. The benchmark Treasury yield was little changed. The benchmark S&P 500 swung between gains and losses, with utilities and consumer staples higher, while the energy sector declined. The […]
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1. Stocks Rise, Bonds Dip Amid Hope for Stimulus Deal Global stocks approached another record high as hopes for a U.S. stimulus deal countered fears about resurgent coronavirus cases. Benchmark Treasuries and the dollar slipped for the first time this week. Health-care and banking shares led gains in Europe after equities rose across much of […]
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CCI approves Future Group-Reliance Retail deal Competition Commission of India (CCI) has approved the much-anticipated Future Group-Reliance Retail deal. Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of Future Group by Reliance Retail Ventures Limited and Reliance Retail and Fashion Lifestyle Limited.” Commission approves acquisition of retail, wholesale, logistics & warehousing businesses of […]

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