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Stocks making the biggest moves midday: Moderna, Zynga, Lululemon, Tilray and more

Pedestrians seen walking past Canadian athletic apparel retailer Lululemon in Shanghai.Alex Tai | SOPA Images | LightRocket | Getty ImagesCheck out the companies making headlines in midday trading.Zynga, Take-Two Interactive — Shares of the mobile gaming company Zynga soared by more than 41% after Take-Two Interactive, another gaming company, revealed

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Non-life insurance companies register over 7 pc rise in gross premium at Rs 18,953 cr in Dec 2021

The gross direct premium underwritten by non-life insurance companies grew by 7.3 per cent to Rs 18,953.09 crore in December 2021, data from Irdai showed on Monday. The non-life insurance companies had underwritten gross premium valuing at Rs 17,662.32 crore in December 2020. In a break-up, the 24 general

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Goldman predicts the Fed will hike rates four times this year, more than previously expected

Federal Reserve Chairman Jerome Powell testifies during the House Financial Services Committee hearing titled Oversight of the Treasury Department's and Federal Reserve's Pandemic Response, in Rayburn Building on Wednesday, December 1, 2021.Tom Williams | CQ-Roll Call, Inc. | Getty ImagesPersistently high inflation combined with a labor market near full

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Stocks making the biggest moves in the premarket: Zynga, Lululemon, Apria and more

Take a look at some of the biggest movers in the premarket:Zynga (ZYNG) – The online game maker's shares soared 48.2% in the premarket after it agreed to be acquired by video game maker Take-Two Interactive (TTWO) for $9.86 per share in cash and stock, implying a total deal

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Indian entrepreneurs find recognition for dynamic work

Entrepreneur CA Harsh Patel awarded for legal achievements. The Economics Times held the ‘Leaders of Change’ awards ceremony in December 2021 to honour entrepreneurs from varied fields. One proud name amongst them – Mr. Harsh Patel was awarded for his work in finance and legal advisory.

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Axis Bank issues first LC on dedicated govt-backed platform

Axis Bank issued industry’s first letter of credit (LC) on the Secured Logistics Document Exchange (SLDE), a government-backed blockchain-enabled platform, in what could be a signal that the regulator and the government are adopting a positive stance on blockchain technology though they are averse to cryptocurrencies. The deal involved ArcelorMittal

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Edelweiss group partners Indian Bank for co-lending to priority segment

Diversified financial group Edelweiss on Monday said Edelweiss Housing Finance Ltd (EHFL) and ECL Finance Ltd (ECLF) have entered into co-lending partnership with for lending to priority sector areas. Agriculture, micro enterprises and advances to weaker sections of the society are amongst the categories that form the priority

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