Diwali Special- Indian stock markets shine with impressive gains in past one year
Indian stock markets have a reason to celebrate this Diwali with indices surging over 6%. From Diwali 2022 to Diwali 2023, both the Nifty and Sensex have witnessed substantial gains, reflecting the resilience and growth of the Indian economy.
The National Stock Exchange’s benchmark index, Nifty 50, has climbed an impressive 7% during the past year, underlining the renewed investor confidence in Indian equities. Simultaneously, the Bombay Stock Exchange’s Sensex has recorded a significant gain of over 6%. These robust performances signify a buoyant market sentiment, bolstered by strong economic fundamentals and positive corporate results.
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Read moreRed Lobster Closing at Least 48 Locations
Dozens of Red Lobster locations are closing their doors amid financial difficulties for the restaurant chain, including several in New York and New Jersey, according to a restaurant liquidator.
At least 48 locations in 21 states will be shutting down, and TAGeX Brands will be conducting an online auction to sell inventory from the closures, including kitchen equipment and furniture. The auction, which began on Monday, is scheduled to continue until Thursday, May 16, the founder of TAGeX Brands posted to LinkedIn. “The Furniture, Fixtures, and Equipment from select Red Lobster locations MUST GO ASAP!,” Neal Sherman wrote.
The company, which currently has approximately 650 locations, has shut down locations in Buffalo, New York, Bridgewater, New Jersey, a…
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