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Xi Jinping's recent symposium with top entrepreneurs came amidst China's economic challenges. The discussion highlighted the private sector's potential to boost the economy and Xi's conditional support, while concerns linger about government interference stifling innovation and competition. A new focus on AI, spearheaded by DeepSeek, brings cautious optimism.
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Over 400 smallcap stocks saw negative returns during the week, with 23 experiencing double-digit losses. Suratwala Business Group was the biggest loser at -53%, followed by Best Agrolife (-31%), Dee Development Engineers (-27%), and PTC Industries (-21%). Conversely, 52 stocks, including KDDL, Sandur Manganese, Pennar Industries, Taj GVK Hotels, IKIO Lighting, and Benares Hotels, yielded returns between 10-40%.
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Promoters of Alkem Laboratories sold shares worth 300.3 crore through Samprada & Nanhamati Singh Family Trust in a block deal on Friday, selling 641,000 shares at 4,680 each, representing 0.54% of the companys equity.
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