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Adani Power's stock is rising. This is due to a new hydroelectric project in Bhutan and the company's first stock split. Adani Power signed an agreement with Druk Green Power Corp for the Bhutan project. The stock split aims to improve liquidity. GST reforms are also expected to boost Adani Power's margins. Technical indicators suggest short-term strength for the stock.
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News and Media
Indian IT stocks continued their rebound on Tuesday, with the Nifty IT index posting gains for the second straight session. Broad-based buying lifted both large- and mid-cap stocks, driven by renewed sector optimism.
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News and Media
Larry Ellison surged closer to surpassing Elon Musk as the worlds richest person after cafter-hours shares jumped over 26%, potentially boosting his net worth by $70 billion. The 81-year-old co-founders fortune is heavily tied to Oracle, whose stock has risen 45% this year, while Tesla shares have fallen 14%, trimming Musks wealth.
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MTAR Technologies shares rose sharply after the company secured Rs 386 crore in clean energy orders from Bloom Energy. The deals, valid till June and March 2026, are expected to strengthen MTARs revenue, with analysts giving a Strong Buy rating.
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News and Media
Novo Nordisk, the maker of Wegovy, plans a major restructuring. The company will cut 9,000 jobs globally. This move aims to save 8 billion Danish crowns annually. The restructuring will simplify the organisation. It will also speed up decision-making. Novo Nordisk faces increasing competition from Eli Lilly.
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News and Media
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