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Shares of Reliance Power and Reliance Infrastructure fell sharply after SBI classified Reliance Communications loan as fraud, implicating Anil Ambani. The move, based on a 2020 forensic audit, alleged diversion of Rs 12,692 crore. Ambanis legal team called the action ex parte and unjust, claiming it violates RBI norms and court rulings while ignoring his objections for nearly a year.
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News and Media
As the Dalai Lama approaches 90, concerns rise within the Tibetan community about the future after his passing. His successor's selection faces challenges, with China asserting its authority over the process. The global Tibetan community fears increased suppression of their culture and identity.
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News and Media
HDB Financial shares: The company debuted on the stock market on July 2, listing at a 12.84% premium over its issue price of 740. The shares opened at 835 on both the NSE and BSE, reflecting strong investor demand.
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News and Media
Tata Steel shares climbed more than 3% on Wednesday, following a global surge in steel futures driven by encouraging factory data from China, which pointed to a rebound in manufacturing activity. The upward momentum carried into Thursday, with the stock reaching an intraday high on the BSE.
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News and Media
Coromandel International shares: In a regulatory filing, the company announced that the Competition Commission of India (CCI) has granted approval for its planned acquisition of a majority stake in NACL Industries Limited.
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News and Media
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