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India’s manufacturing sector showed signs of slowing in March, as growth in activity moderated amid a mix of rising costs, competitive pressures and global uncertainty, according to the HSBC India Manufacturing PMI report released on Thursday. The Purchasing Managers’ Index (PMI) fell to 53.9 in March from 56.9 in February, signalling a softer expansion.The reading…
MUMBAI: Thanks to the war in West Asia and the ensuing oil price-led shock that the Indian economy is currently facing, top foreign brokerages and analysts have cut earnings estimates for India Inc as well as targets for Nifty by nearly 12%. They also warned that if the war continues for long and the oil…
DraftKings has unveiled a new standalone app for real-money prediction markets, becoming the latest major player to enter a field that includes crypto-native platforms like Polymarket and Robinhood’s event contracts. The product, called DraftKings Predictions, lets users trade on the outcomes of real-world events, starting with sports and finance, the company announced on Friday. It…
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Stablecoin issuer Tether’s dreams of a full takeover of Italian soccer club Juventus appear to have been dashed. Majority shareholder Exor’s board of directors has unanimously rejected Tether’s binding, all-cash bid to purchase the firm’s 65.4% stake in Juventus, stating in a Saturday press release that it has “no intention of selling any of its…
