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Manoj Jewellers from Chennai is launching its Rs 16.20 crore SME IPO. The IPO will open on May 5, 2025, with a fixed price of Rs 54 per share. It will close on May 7, and listing on BSE SME is expected on May 12. The company aims to use the funds to reduce debt and for general corporate needs.
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The Q4 earnings season gains momentum with 41 companies set to announce results on Monday, including M&M and IHCL. M&M is projected to report a net profit surge of 16-21%, driven by strong volumes, potentially reaching 2,312-2,411 crore. Revenue is expected to rise by 18-22%, ranging from 29,742-30,744 crore.
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The president blamed foreign-made movies for the American film industry's "very fast death".
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