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Stocks making the biggest moves midday: Advanced Micro Devices, Delta Air Lines, Coty and more

Passengers wearing protective masks wait to board a Delta Air Lines Inc. flight at Hartsfield-Jackson Atlanta International Airport in Atlanta, Georgia, U.S., on Wednesday, April 7, 2021.Elijah Nouvelage | Bloomberg | Getty ImagesCheck out the companies making headlines in midday trading.Infrastructure stocks — Industrial stocks got a boost after

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Shriram General Insurance expects Rs 750 crore underwriting profit this year

Jaipur-based Shriram General Insurance, which is primarily into motor insurance with over 90 per cent of the business coming in from this vertical, is expecting around Rs 750 crore underwriting profit this fiscal as its expects gross written premium income to touch Rs 2,200-2,300 crore. The Chennai-based Shriram Group

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RBI imposes curbs on Babaji Date Mahila Sahakari Bank; caps withdrawals at Rs 5,000

The RBI on Monday imposed several restrictions on Maharashtra-based Babaji Date Mahila Sahakari Bank, including capping withdrawals at Rs 5,000 for customers, amid deterioration in the lender’s financial position. The restrictions under the Banking Regulation Act 1949, will remain in force for six months from the close of business on

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Fed Vice Chair Clarida says another year of inflation like this one would not be ‘a policy success’

Richard Clarida, vice chairman of the U.S. Federal Reserve nominee for U.S. President Donald Trump, speaks during a Senate Banking Committee confirmation hearing in 2018. Bloomberg | Bloomberg | Getty ImagesFederal Reserve Vice Chairman Richard Clarida conceded Monday that inflation is running well above a level that the central bank

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Ethereum hits new all-time high, bitcoin inches toward record as cryptocurrencies rally

Representation of Ethereum cryptocurrency is seen in this illustration photo taken in Sulkowice, Poland on August 12, 2021.Jakub Porzycki/NurPhoto | Getty ImagesCryptocurrencies are starting the week on a positive note.Ether, the world's second-largest digital coin, surged more than 4% in 24 hours Monday to hit a new all-time high

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Padmaja Reddy alleges exorbitant salary for new Spandana CEO, wants curb on salary for MFI chiefs

Former Spandana Sphoorty Financial managing director Padmaja Reddy, who stepped down last week, has alleged lack of process in deciding the remuneration for the next incumbent and that the salary offered is exorbitant even as the microfinance industry is yet to recover fully from the pandemic-led stress. Reddy has called

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