March 7, 2026

Business

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Asian stocks today: Market performances mixed amid global rate cues and Venezuela developments; Nikkei, Hang Seng slip

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Asian markets had mixed performances in Wednesday’s sessions, tempering Wall Street’s recent historic records, while the interest rate trend in the global market, coupled with developments in Venezuela, caught the interest of most traders. Turning to foreign news, US troops reported the arrest of Venezuelan President Nicolas Maduro, while Trump claimed ownership of Greenland control.Japan’s…

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$45 billion worth of IPO lock-ins expiring over next few months; short-term volatility likely: Report

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A massive $45 billion worth of IPO lock-in periods are set to expire between January 6 and April 30, affecting 96 newly listed companies, according to a Nuvama report. This means pre-IPO shareholders, including promoters and early investors, will be free to sell their shares in the open market, potentially causing short-term price movements.The report,…

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Trump tariffs’ Supreme Court test likely Friday: Legality of emergency powers under scrutiny; global markets on edge

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The US Supreme Court is likely to announce its final ruling on President Donald Trump’s global tariffs on Friday, with regards to its legality that has put global economies on edge. According to Reuters, the court, which has a 6-3 conservative majority, will also address cases involving voting rights, conversion therapy bans, and future matters…

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After prolonged cloudy spell, sun set to shine on FMCG companies; benign inflation, lower GST rates expected to lift nos

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MUMBAI: After months of sluggishness, demand recovery is in sight for consumer goods companies, partly helped by GST cuts which drove down prices of a host of household essentials and left more money in the hands of shoppers. There have been some initial signs of revival on the ground already, firms said in their recent…

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IT firms brace for soft Q3, mid-caps to beat larger cos

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BENGALURU: Indian IT firms are expected to deliver a moderate performance in a seasonally weak Dec quarter, weighed down by furloughs (lesser number of working days in Dec). Demand remained subdued, with only limited recovery in discretionary spending, and growth was largely driven by clients’ cost-optimisation priorities. Brokerages estimate that enterprise technology spending is likely…

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