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Another bullish day may lift Nifty above 15,300 - The Hindu BusinessLine


Another bullish day may lift Nifty above 15,300
May 25, 2021
Declining Covid cases, positive global cues to boost sentiment
Positive global cues coupled with declining Covid-19 cases will likely keep the bull momentum going for the Indian markets on Tuesday as well. However, according to analysts, markets will see heightened volatility due to expiry of May month derivative contracts on the NSE on Thursday. According to them, the current trend in F&O suggests better rollover of long positions.
The SGX Nifty futures is currently ruling at 15,333 (8 am IST) and indicates at least a 100-point gap-up opening for Nifty. The Nifty May and June futures on Monday closed at 15,202.65 and 15,230.95 respectively. ....

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Singapore tycoon Oei Hong Leong ups stake in Raffles Education to 14% for $1.2m


Singapore tycoon Oei Hong Leong ups stake in Raffles Education to 14% for $1.2m
Photo: Pixabay
May 3, 2021
Singapore billionaire Oei Hong Leong has spent about $1.2 million to raise his stake in listed private education provider Raffles Education to 14% from 13.5%, about eight months after he sued the company, according to a disclosure.
The filing, first reported by Bloomberg, showed that Oei purchased about 6.4 million shares to raise his stake to 14% of the company’s voting shares. He is currently the second-biggest shareholder of the education provider.
The acquisition comes after Oei sued Raffles Education Corp on September 30 over its plan to raise its stake in a Chinese property firm. Days later he dropped the suit and the shareholders of Raffles Education approved the proposed acquisition, with 78.6% voting in favour and 21.4% against. ....

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Budweiser confident of adding fizz to high-end market


Budweiser confident of adding fizz to high-end market
By Zhong Nan |
chinadaily.com.cn |
Updated: 2021-04-01 11:03
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A bartender serves customers at a CASA Corona store, opened by Budweiser Brewing Co APAC Ltd in Guangzhou, on March 30. [Photo provided to chinadaily.com.cn]
Budweiser Brewing Co APAC Ltd, a Hong Kong Stock Exchange-listed brewer, will continue to invest in premiumization, commercial expansion and digital transformation in China this year to accelerate its business recovery and seed future growth opportunities, said a senior executive.
Despite the challenges brought by COVID-19 pandemic, we have noticed a gradual recovery of domestic consumer market under a series of favorable policies, such as the new dual-circulation development paradigm that takes the domestic circulation as the mainstay while domestic and foreign markets support each other, said Jan Craps, co- ....

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