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Mild Rebound Lifts India Stocks Higher, Vehicle Sales Display Strength
Jun 2 Stocks in Mumbai rebounded on the final day of a volatile week. Crude oil traded near its one-month low and the Indian rupee edged higher after the dollar eased.
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Momentum Lifts Averages Higher, Reports Confirm Tight Labor Market Conditions
Jun 1 Stocks advanced after private payrolls continued to expand in May and jobless claims remained depressed, signaling tight labor market conditions. Treasury yields edged lower but crude oil rebounded.
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Movers: Adani Enterprises, Coal India, Hero Motocorp, Maruti Suzuki, Spicejet, Tata Motors
Jun 2 Vehicle makers were in focus after unit sales in May showed sustained but muted gains. Coal India launched its stock sale for retail investors. adanient coalindia heromotoco maruti spicejet
- Movers: Coal India, MOIL, HDFC Life, Vedanta Ltd
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TCS Quarterly Earnings Growth Slowed
Apr 13 The largest tech services provider, TCS reported muted earnings and revenue growth in the March quarter and slowed new staff hiring in the final quarter of the fiscal year. tcs
- Earnings: TCS, Infosys, HCL Technologies
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IPCA to Acquire 33% Stake In Unichem
Apr 25 Ipca agreed to acquire a 33% stake in Unichem from its promoter and made an open offer to purchase an additional 26% stake from public shareholders. ipcalab unichemlab
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Reliance Retail to Buy Metro India at Significant Discount
Dec 22 Metro India agreed to sell its network of 31 wholesale stores at a significant discount after failing to attract buyers amid shifting landscape and rising competition from online stores. reliance
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GDP In March Quarter Accelerated to 6.1%
May 31 GDP accelerated at a faster pace in the March quarter because of faster increases in private consumption, manufacturing and services exports.
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Urban Unemployment Rate Dropped to 6.8% In March Quarter
May 30 Urban jobless rate declined to 6.8% in the March quarter after stagnating at 7.2% in the December quarter.
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China's Export Growth Slowed In April, Weak Domestic Demand Dragged Imports for 7th Month
May 9 China's goods exports rose for the second month in a row but the decline in imports deepened for the seventh month in a row in April on weak domestic demand.
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Singapore Doubles Property Stamp Duty for Foreigners
Apr 27 Singapore government doubled additional stamp duty levied on residences purchased by foreigners and also hiked for the second and third homes purchased by citizens and permanent residents.
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