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Swiggy shares slipped 4% after Q1 losses doubled, but Jefferies upgraded the stock to Buy with a Rs 500 target, citing a likely bottom in profitability. The brokerage expects easing competition and a pause in dark store expansion to aid recovery, though volatility may persist due to Swiggys low-margin base and high-risk profile.
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Ray Dalio has sold his remaining stake in Bridgewater Associates. He founded the hedge fund 50 years ago. Brunei Investment Agency has acquired a minority stake in the firm. Dalio resigned as CEO in 2017. He handed over control in 2022. Bob Prince is now Bridgewater's biggest individual partner. The firm is controlled by a group of employees.
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The president also announced sweeping tariffs on dozens of countries, as he continued his drive to remake how global trade operates.
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