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Winners and finalists for the 11th Edition of Aegis Graham Bell Awards (Virtual) declared

Winners and finalists for the 11th Edition of Aegis Graham Bell Awards (Virtual) declared
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rakesh jhunjhunwala: Commodity stocks are ridiculously valued, expect a huge upsurge in steel cycle, says Big Bull

Rakesh Jhunjhunwala, Partner, Rare Enterprises, in an interview with Nikunj Dalmia of ET NOW. Can I quote your favourite line, that bull markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria? I do not think these are my words. I think these are the John Templeton. But what he is saying is absolutely right. If this bull market is a journey from Churchgate to Borivali, where do you think this bull market has reached? I would say Charni Road. So it has a long, long way to go? Yes. Do you see the potential of a kind of raging bull market in India like we saw in America last decade?

Tata Consumer Products gains 3% on report Group could buy Big Basket

Tata Consumer Products rose 2.7 per cent in a weak market to Rs 645.5 on the BSE on Wednesday on report that the Tata Group is in the final stages of acquiring a majority stake of 68 per cent in Supermarket Grocery Supplies, which runs and operates online grocery brand BigBasket. The deal, which is expected to close in the next four to five weeks, will give exit to investors Alibaba, Abraaj Group and IFC. The top management, including co-founder and CEO Hari Menon, will continue to stay on board, the report added. The deal worth Rs 9,300-9,500 crore biggest in the online grocery space so far values BigBasket at Rs 13,500 crore (around $1.85 billion). This comes about 20 months after the Hari Menon-led Bengaluru company had entered the unicorn club (companies with valuation of at least $1 billion), it said.

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