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Markets open mixed amid global trade tensions; tech sector drags while auto, banking show resilience

Markets opened on a mixed note Wednesday morning, with the benchmark Sensex trading at 74,123.35, up marginally by 0.03 per cent, while Nifty slipped slightly to 22,486.90, down 0.05 per cent from previous close. The cautious opening follows volatile global cues triggered by escalating trade tensions and geopolitical developments. Technology stocks faced significant selling pressure...
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Alkem launches generic empagliflozin low-cost diabetes drug in India

Mumbai-based Alkem Laboratories announced today the launch of generic empagliflozin and its combinations in India under the brand name “Empanorm.” The medication, which treats type-2 diabetes, chronic kidney disease, and heart failure, will be priced approximately 80 per cent lower than innovator products. The shares of Alkem Laboratories Limited were trading today at ₹4,709 down...
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Top gainers & losers intraday March 12, 2025: IndusInd lead gains, IT stocks Infosys, Wipro, Tech Mahindra drag

Shares of IndusInd Bank, Kotak Mahindra Bank, Tata Motors, HDFC Bank and Sun Pharma traded among top gainers of Nifty 50. IT stocks faced significant sell-offs due to US economy growth concerns. Infosys, Wipro, Tech Mahindra and HCL Technology were among which laggards, including Adani Enterprises. The broader index faced heavy volatility. Sensex depreciated 393.86...
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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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