Markets decline in initial trade dragged by bank, IT stocks
From the Sensex, Tech Mahindra, Tata Consultancy Services, Infosys, ITC, ICICI Bank, Kotak Mahindra Bank, Sun Pharma and HDFC Bank were the major laggards. Source
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Sensex, Nifty rebound nearly 1% on value buying, global rally
Sensex and Nifty rise 1% on value buying in IT and oil shares, global rally, and Brent crude drop. Source
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TCS, Infosys, Other IT Stocks Surge As Cognizant Raises Outlook,
IT Stocks Today: Indian IT stocks rise as Cognizant beats Q1 estimates, lifts outlook; AI demand, BFSI rebound boost sector sentiment Source
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Zee to raise Rs 2,200 crore from promoter group entities
India Business News: Zee Entertainment Enterprises will raise Rs 2,237 crore from its promoters through convertible warrants to bolster growth plans after the failed Sony Source
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RBI proposes to ease AIF investment rules: What this means
RBI draft rules: These tweaks aim to strike a balance between risk control and capital flow into high-growth sectors. Source
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8 lesser-known motor insurance add-ons that can help cut costs
Here are some lesser-known but useful motor insurance add-ons. Source
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Congress seeks apology from I&B Minister after poster by DD
Doordarshan anchor Ashok Shrivastava, in a post promoting his discussion programme on X on May 6, put up a poster with photographs of Kharge and Masood and the text: ‘Bharat taiyyar par ghar me kitne gaddar? (India is ready, but how many are traitors in the country?).’ Source
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Why Abhishek Nayar’s sacking from the Indian team was imminent
Abhishek Nayar has been knownt to play the role of a personal coach to several Indian players, such as Dinesh Karthik, Shreyas Iyer, and KL Rahul amongst others. Source
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How AAP directed farmers’ ire onto itself
Punjab Farmers Protest: After winning Punjab with farmers’ support in 2022, AAP now faces their anger over unmet promises. Protests, MSP demands, water issues, and police action have deepened tensions. With the 2027 elections ahead, AAP’s recent moves, including farmer evictions, could impact its political future. Source
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India’s Digital Competition Bill on backburner due to trade talks
India may delay the Digital Competition Law due to ongoing trade talks with the US, amid concerns from American officials and industry groups. Source
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