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Anil Ambani group stocks fly like rocket! RCom share price jumps 65%, Reliance Naval surges 34%

Shares of Anil Dhirubhai Ambani Group companies posted a massive surge in the dealings on Thursday with the stock of Anil Ambani’s telecom form Reliance Communications (RCom) and defence equipment manufacturer Reliance Naval and Engineering (RNaval) surging up to 65%. Shares of ADAG’s telecom company Reliance Communications (RCom) have been declining since last several days on

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Sensex, Nifty end in red on uncertain Karnataka, negative Asian cues; PNB slips 12%, RCom trips 15%

The domestic equity markets finished lower in a rangebound trade on Wednesday with headline indices Sensex and Nifty closing in red after diving nearly 1% each in the early dealings following the subdued activity of most of the regional stock market and the rip-roaring outcome of Karnataka Elections 2018. Shares of HUL, Wipro, ITC and Yes

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Karnataka win or not! Modi magic continues to charm even after 4 years

It was a turf of the Congress— and yet, Narendra Modi-led BJP has emerged as the biggest party in Karnataka. Perhaps, Narendra Modi realised early on the potential of his popularity and increased the number of election rallies from 15 to over 21. Even as the magic 112-mark seems to be eluding Modi’s BJP at present,

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PNB fraud: CBI names 2 EDs, ex-CEO Usha Ananthasubramanian in charge sheet

Central Bureau of Investigation (CBI) found their involvement in the Rs 140 billion fraud related to group of companies belonging to Nirav Modi and Mehul Choksi. The Union government cracked the whip on three top former and incumbent Punjab National Bank (PNB) executives after the Central Bureau of Investigation (CBI) named them in its charge sheet in

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Week ahead: F&O expiry to keep market volatile; banks, autos key

Banking and financial stocks will be in focus towards the end of next week, especially ahead of RBI’s fourth bi-monthly policy statement that scheduled to be announced on October 4. Equities could continue to remain choppy in the week ahead, mainly due to expiry of September derivative contracts. Market was volatile with a downward bias