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Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally. Brent crude futures dropped $2.46, or 2.8%, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as much as 3%, the most since Dec. 20. The global benchmark touched $89.50 a barrel on Thursday, its highest since October 2014.

Time period given by analyst is Intra Day when Sun Pharma Advanced Research Company Ltd. price can reach defined target.

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Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Wall Street drops as bargain-hunting loses steam

Updated at : 2022-01-21 08:20:02

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The Dow Jones Industrial Average fell 313.26 points, or 0.89%, to 34,715.39, the S&P 500 lost 50.03 points, or 1.10%, to 4,482.73 and the Nasdaq Composite dropped 186.24 points, or 1.3%, to 14,154.02.

Moody’s: LIC IPO to boost transparency, governance

Updated at : 2022-01-21 08:20:02

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The listing of Life Insurance Corporation (LIC) and other government-owned non-life companies will bring about reforms in terms of better focus on underwriting & products, transparency, governance and risk management, according to Moody’s.

Robinhood to start rolling out crypto wallets

Updated at : 2022-01-21 08:20:02

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Robinhood, which benefited from a boom in retail trading during the pandemic, expects to expand the program to 10,000 customers by March.

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Netflix last week raised prices in its biggest market, the United States and Canada, where analysts say growth is stagnating, and is now looking for growth overseas.

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The shortfall prompted the Reserve Bank of India to announce an immediate borrowing window for Rs50,000 crore. The central bank’s move has underscored its commitment to ensuring liquidity needs even as it unwinds excess cash through Variable Reverse Repo Rate (VRRR) auctions amid the diminishing threat of coronavirus infections.

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The issue will be open for subscription by the public on January 27 and will close on January 31, Adani Enterprises said in a regulatory filing on Thursday.

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In another transaction Emerging India Growth Fund sold 80,000 shares of Mitcon Construction and Engineering Services at Rs 75.40 per share.

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