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Wall Street ends week on down note after jobs report

Updated at : 2022-05-07 09:30:02

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Wall Street ended lower on Friday amid concerns about rising Treasury yields and the prospect of more Fed rate hikes. "Ninety-five percent of the driver of the market right now is long-term interest rates," said Jay Hatfield, founder and chief executive of Infrastructure Capital Management in New York.

"Once you know your profile then accordingly you can adopt a strategy like a rajasik investor has to learn technicals, importance of stop loss and a satvik investor will use fundamental principles and tamsik obviously has to control his behavior and slowly move towards rajasik/satvik. There are also vrittis which we know as biases in modern terminology which affects your investing behaviour."

Goyal said he plans to liquidate less than 10% of these stock options in the first year and the rest over the next few years.

The transaction is subject to shareholder and regulatory approvals. Mindtree, with market cap of Rs 57,840 crore will merge into LTI with market cap of Rs 83,620 crore.

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The regulator also said that investors which will be acquiring or holding 5% or more shareholding in the bank after merger need prior regulatory approval within one month from now.

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ENIL incurred an expense of ₹6.3 crore towards its strategic initiative in digital platforms. Without that, its Ebitda for the quarter would have been ₹23 crore and net profit ₹2.4 crore.

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Wood, who was recently in New Delhi, said the message from those working for the Prime Minister Narendra Modi-led government is that the administration remains committed to its reform agenda despite the inevitable setbacks triggered by Covid.

RIL became the first-ever company in India to report over $100 billion in annual revenue. The company reported a record annual consolidated revenue at Rs 7,92,756 crore ($104.6 billion), which rose 47 per cent year-on-year (YoY).

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Revenues for the quarter came in at Rs 20,901 crore against an ET NOW poll projection of Rs 20,715 crore.

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Revenue from operation of the company stood at Rs 50,834 crore, up 23.1 per cent from Rs 41,296 crore in the same quarter last year. Ebitda from operation was up 16.3 per cent at Rs 3,584 crore. Ebitda margin came in at 7.1 per cent compared to 7 per cent in December quarter and 7.5 per cent in the same quarter last year.

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