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Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said, gold inched higher after a fall in the previous session.

The rupee declined to 81.6850 from 81.65 in the previous session, taking its losses for the week to 1.1%. The rupee fell each day this week, except for a slight uptick on Tuesday.

Data as of June and October 2022 shows that AIFs witnessed a staggering growth of 42.5% YoY, with assets growing to Rs 6.94 lakh crore (from Rs 4.87 lakh crore) across all three categories. The total size of Portfolio Management Services (PMS) in India witnessed a healthy rise of 23.2% year-on-year (YoY), with assets growing to Rs 4.89 lakh crore from Rs 3.97 lakh crore.

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The brokerage said the company’s EBITDA margin had been largely in line with estimates, benefiting from lower raw material prices or good sales at 9.5% (-260bp q-q), similar to peers.The company reportedly plans a capex of Rs 6,000 crore for a 12 GWh Li-ion plant in 2 phases. It plans to supply to all vehicle segments and has multiple chemistries and cell types.

"The dividend shall be paid on or before December 17, 2022, to those members, whose names appear on the Register of Members or in records of depositories as beneficial owners of the shares as of the closure of business hours of Friday, December 2, 2022, which is the Record Date fixed for the purpose," said the company filing.

In a sense, the metaverse’s impact on the financial services sector embodies the next evolutionary stage in banking and fintech industry

“I believe the biggest opportunity lies in the smallcaps. Right now, it is a very interesting time to look out for high quality franchise in the smallcap and midcap space, which possibly have more inclination towards domestic businesses which are available at attractive valuations. There could be good alpha generating opportunities for the investors.

“Once somebody has made an open offer, it has to get allowed to be completed. There is no stay order from Delhi High Court, there is nothing which prevents the open offer to go ahead. Why should the minority shareholders, rather the retail shareholders be allowed to suffer like this? Not allowing the open offer to proceed is completely against the interest of the retail shareholders.”

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