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Zen Technologies secures annual maintenance contract worth Rs 46 crores from Ministry of Defence; stock drops 2%
Zen Technologies secures annual maintenance contract worth Rs 46 crores from Ministry of Defence; stock drops 2%
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The Chinese government has recently announced a stimulus package aimed at driving economic growth, resulting in strong stock market returns in the last few days, as valuations were lower compared to other emerging markets. However, the sustainability and effectiveness of this stimulus are uncertain, given that previous attempts to achieve a higher growth trajectory have not yielded significant results. The latest policy measures focus on reviving the property market, including interest rate reductions and the unification of minimum down payments for home loans. These initiatives could theoretically boost consumer spending and reduce early repayment trends in housing loans.
The Chinese government has recently announced a stimulus package aimed at driving economic growth, resulting in strong stock market returns in the last few days, as valuations were lower compared to other emerging markets. However, the sustainability and effectiveness of this stimulus are uncertain, given that previous attempts to achieve a higher growth trajectory have not yielded significant results. The latest policy measures focus on reviving the property market, including interest rate reductions and the unification of minimum down payments for home loans. These initiatives could theoretically boost consumer spending and reduce early repayment trends in housing loans.
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