13July
Softbank share price rally delivers Masayoshi Son’s clear response to critics after WeWork disaster
SoftBank Group Corp. founder Masayoshi Son has delivered a clear response to critics who thought the twin disasters of WeWork and the coronavirus would bring down his empire: not just yet. The Japanese technology giant’s shares have more than doubled from their March low, propelled by buybacks and improving market conditions for its portfolio companies. They gained another 3.6% on Monday after the story was published. SoftBank bonds, which traded at less than 65 cents
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Leading stock exchange NSE on Friday said it will accept gold bars produced by the domestic refiners for settlement of the gold futures contracts traded on its platform. For this, the exchange launched NSE Refiner Standards (NRS) for BIS – Standard Gold- which will be effective from Friday, July 10. “The NSE Refiner Standards for BIS Standard Gold would enable the acceptance of gold bars produced by the domestic refiners in India, for settlement of
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After rallying for five consecutive sessions, the Nifty corrected on Wednesday from a high of 10848. The Nifty failed to test the 200-day SMA, which is currently at 10885. Zooming into the 15 minute intra charts, we can see that the Nifty has closed just above the intraday support of 10689. A close below this level could trigger a bigger correction that could see the Nifty moving down towards the next major support at 10560-10520
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Tata Consultancy Services (TCS) share price hit a fresh all-time high of Rs 2,301.85 apiece on BSE, a day after JP Morgan Funds bought TCS shares worth nearly Rs 247 crore through an open market transaction. TCS shares opened at Rs 2,269 and rose 1.7 per cent to touch a new 52-week high today, taking the market capitalisation to Rs 8,57,176 crore. TCS share price has rallied 10 per cent in just five trading sessions.
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06July
Warren Buffett might be treading with caution, but Dominion Energy bet shows he’s willing to pounce
Berkshire is digging deeper into a business that’s been facing increasing scrutiny amid the push for energy companies to shift away from fossil fuels. Warren Buffett finally found his next crisis-era deal. His Berkshire Hathaway Inc., which has stayed relatively quiet during the tumult of the coronavirus pandemic, broke its silence at the end of a holiday weekend with its biggest acquisition in more than four years. The agreement for Dominion Energy Inc.’s natural gas
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