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The Jhunjhunwala family invested 195 crore in the Knowledge Realty Trust REIT IPO, set to earn 13.65 crore annually at a 7% projected yield, surpassing prevailing bank FD rates. Investor response has been strong, with the IPO subscribed 6.91 times.
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Sandeep Tandon of Quant Mutual Fund believes India is decoupling from developed economies, particularly within the Asia-centric emerging market. He highlights the pharma sector as a key beneficiary in the current economic climate, dismissing concerns about significant US tariffs on Indian generics. Tandon advocates investing in pharma funds, viewing it as a straightforward and promising strategy.
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The former Labour prime minister says hitting the "undertaxed" sector could pay for benefits rises.
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