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Meanwhile, Oil Marketing Companies have started tendering for ethanol supplies. Blue Star has received a demand notice from the Mumbai Stamps (NASDAQ:STMP) Collector, prompting further scrutiny into its operations.
On the investment front, Life Insurance Corporation has increased its stake in Housing & Urban Development Corporation. Aditya Birla Digital Fashion Ventures has taken a step to expand its portfolio by acquiring a stake in Styleverse Lifestyle Private Limited. Samvardhana Motherson made headlines with its recent acquisitions, though specific details remain undisclosed.
In earnings news, JSW Steel reported a net profit for the September quarter. Conversely, Amber Enterprises disclosed that its net loss has widened during the same period.
On Friday, significant losses were experienced by S&P 500, Nasdaq Composite, and Dow Jones due to rising 10-year Treasury yields. This led to a cautious sentiment among investors as they navigate through these turbulent market conditions.
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