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Protean eGov Technologies has secured a Rs 100 crore work order from the Bima Sugam India Federation to serve as the Technology Solution Provider for its unified digital insurance marketplace. The 72-month domestic contract involves end-to-end development, integration, and support of the platform, strengthening Proteans position in Indias Digital Public Infrastructure (DPI) ecosystem.
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News and Media
In the NSE Midcap pack, seven stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on June 9, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
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News and Media
Donald Trump faces criticism for pardoning January 6 rioters. He warns Los Angeles protesters against disrespecting law enforcement. Critics point to a double standard. They say Trump values law and order only when politically convenient. The National Guard is deployed in Los Angeles amid protests. This action sparks debate about presidential power and potential overreach.
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News and Media
Asian markets are expected to open higher following positive signals from US-China trade talks. US officials expressed optimism after the first day of negotiations, boosting investor sentiment. The market remains sensitive to trade headlines as investors await key inflation data and the Federal Reserve's upcoming interest-rate decision.
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News and Media
Samvardhana Motherson is preparing to compete with Strategic Value Partners (SVP) for the acquisition of Marelli Holdings. Motherson is reportedly raising $2 billion for the deal. Marelli's board is meeting to decide the company's future amidst financial struggles. Motherson has proposed a financial package involving KKR writing off its shares and Motherson acquiring new shares and debt.
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News and Media
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