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Broker’s call: UltraTech Cement (Buy)

Target: ₹13,000 CMP: ₹10,420.65 The board of UltraTech Cement has announced the company’s entry into the wires and cables segment with a planned capex outlay of ₹1,800 crore over the next 2 years. The plant will be set up near Bharuch, Gujarat, and the company aims to commission it by Dec’26. On full ramp-up, we...
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IPO News Today Live Updates on February 28, 2025 : IPO lock-in expiry for Hexaware Tech, Ajax Engg, 2 other companies to release over $250 million worth of shares in March

IPO News Today Live Updates: Navigate the dynamic world of initial public offerings with our dedicated IPO News section. Here, we bring you the latest updates on companies stepping into the public market, offering insights into their financial strategies, valuation, and market reception. Whether you’re an investor looking for new opportunities or simply curious about...
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DPIIT-Paytm Partnership To Boost Innovation In Manufacturing and Fintech Startups

New Delhi, Feb 27 (KNN) The Department for Promotion of Industry and Internal Trade (DPIIT), Government of India, has entered into a strategic partnership with Paytm (One97 Communications Limited) through the signing of a Memorandum of Understanding (MoU) aimed at fostering innovation and accelerating growth in India’s manufacturing and fintech startup sectors. This collaboration will...
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Insurance reforms: Govt to further relax foreign investment rules while raising FDI limit to 100%

The government plans to further liberalise foreign investment rules for insurance companies by removing the condition that mandates the presence of Indian residents in the boards and top management of insurance entities, said top finance ministry officials. The insurance reforms bill will be introduced in the ongoing budget session of parliament, one of these officials...

When consumption push and fiscal consolidation go hand in hand

The budget this year came in the background of an economic slowdown led by weak urban consumption and lower government capex. Hence, finance minister (FM) Nirmala Sitharaman was expected to stimulate growth while continuing on the path of fiscal consolidation. The budget has delivered on this by incentivizing urban consumption through tax cuts while continuing...

Kerry Washington invests in wedding marketplace Cheersy

Kerry Washington is expanding her angel investment portfolio, serving as lead investor in the pre-seed round of the wedding marketplace Cheersy.  Cheersy, which was founded in 2024 by Amy Shack Egan, helps couples find day-of service wedding coordinators and has raised a total of $550,000, from other investors including Christina Tosi, the founder of Milk...

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