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Swiggy's IPO is set to launch on November 6, with bidding open until November 8. The company has seen declining grey market demand, pricing the IPO between Rs 371-390 per share. The GMP has dropped from Rs 25-30 to Rs 18, suggesting investors are currently willing to pay about Rs 415 for a share.
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The signs of De-dollarization are evident in the commodities space, where energy transactions are increasingly priced in non-USD currencies, highlighted a report by JP Morgan.
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Canara Bank is focusing on alternative funding sources to reduce dependence on costly deposits. They are also expanding their deposits and launching new products in the CASA segment to boost growth. The bank has seen significant increases in savings accounts and has improved yields on advances. There is cautious optimism regarding future growth in various segments.
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