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TCS announced a third interim dividend of Rs 7 per share. The record date for the dividend is January 20, and it will be credited by February 7.

Oil struggles to hold gains amid mixed demand view

Updated at : 2022-01-13 09:20:04

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Oil prices slipped on Thursday, trimming big gains from the previous two sessions, amid uncertainty over near-term demand as cases of the highly contagious Omicron variant of the coronavirus surge around the globe.

Buy United Spirits, target price Rs 965: IIFL

Updated at : 2022-01-13 09:20:04

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United Spirits Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 66465.64 Crore) operating in Beverages - Alcoholic sector.

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Last year in September, the union cabinet had given its approval for guarantees of Rs 30,600 crore to back security receipts issued by NARCL for acquiring stressed loan assets from banks.

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InvITs are special trusts created to facilitate participation of individual and institutional investors in infrastructure projects. In return, investors can earn a small portion of the income.

The dollar was below key support levels on Thursday, having hit new lows overnight, after data showing U.S. consumer prices rose at their fastest rate in nearly 40 years was not deemed worrying enough to change an already hawkish rates outlook.

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Gold prices on Thursday held near a one-week high hit in the previous session, as the U.S. dollar and Treasury yields retreated after inflation data came in line with expectations and reiterated the need for a quicker interest rate hike. Spot gold was flat at $1,824.55 per ounce by 0109 GMT. U.S. gold futures were down 0.2% to $1,824.00.

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Mining and manufacturing grew 5.0% and 0.9%, respectively, from the year earlier. The electricity sector expanded 2.1%. All sectors were below pre-Covid levels in November with overall IIP at 95.8% of what it was before the pandemic took hold.

The apex court also took note of the deduction in payments to be made to the homebuyers as directed by it last year and asked the realty firm to put its "house in order" or "face serious consequences".

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The fee collected by bankers through share sale proceeds was more than three times at Rs 776.7 crore compared with 2020.

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