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Rupee Opens Stronger Against US Dollar

Rupee Opens Stronger Against US Dollar The Indian rupee opened marginally stronger on Thursday, appreciating by 4 paise to trade at 85.90 against the US dollar, according to Bloomberg data. This modest gain comes amid a mixed global currency environment and cautious investor sentiment following overnight volatility in US markets.

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Tech Mahindra Shares Slide Post Q1 Results, Tepid Revenue Growth

Revenue Growth Remains a Concern Despite some operational improvements, the broader sentiment remained cautious, with major brokerages maintaining their ‘Underperform’ ratings on the stock. In the June quarter, Tech Mahindra reported a marginal dip in revenue, which came in at Rs 13,351.2 crore, slightly below Bloomberg’s estimate of Rs 13,422 crore.

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SBI Shares In Focus After Mega QIP Launch

SBI Launches Mega-QIP, Shares Trade Flat India’s largest lender, State Bank of India (SBI), has launched its Rs 25,000-crore qualified institutional placement (QIP), which opened on Wednesday. The bank has received necessary regulatory approvals and has set the floor price for the issue at Rs 811.05 per share, marking a 2.5% discount against the stock’s

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