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Tuesday, August 8, 2023

Wall Street ends lower after bank rating cuts spark wider sell-off

Moody's downgrade of several lenders, and placing six banking giants including Bank of New York Mellon, US Bancorp, State Street, and Truist Financial under review for potential downgrades, triggered a broad sell-off in Wall Street.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HR92e4S

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India Cements becomes subsidiary of UltraTech

UltraTech Cement has acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production...