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Life Insurance Corporation of India invested in Adani Ports. LIC purchased 5,000-crore non-convertible debentures. This investment supports Adani Ports' plan to refinance debt. The company aims for longer-term borrowings at lower rates. The 15-year bond has a 7.75% coupon. Adani Ports will use the funds for capital expenditure. Refinancing existing debt is another purpose.
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News and Media
Jetking Infotrain, an IT hardware training firm based in Mumbai, has invested in Bitcoin. The company raised 6.10 crore through a share sale. It then used these funds and existing cash to purchase Bitcoin. As of May 28, 2025, Jetking holds 21 Bitcoins valued at 13.6 crore.
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News and Media
Indian benchmark indices closed positively on Thursday, though gains lagged behind other Asian markets. Nifty rose 0.33% to 24,833.6, and Sensex increased 0.39% to 81,633.02, despite intraday dips. Underperformance was attributed to prior rallies and call writing at the 25,000 level, creating resistance. FPIs and domestic institutions were net buyers.
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News and Media
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