Honda and Nissan Scrap $50 Billion Merger Plan

A $50 billion merger between Honda Motor and Nissan Motor, which would have established one of the world’s largest auto groups, has been called off. In December, Japan’s second- and third-largest automakers said they were exploring plans to combine their operations with the goal of sharing costs and jointly developing next-generation vehicles. Both companies said…

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Trade Setup for February 13: Nifty can rebound to 23,600 only on sustaining above a key level

The Indian equity market demonstrated resilience in a highly volatile session, though ultimately closing marginally lower. After showing a sharp decline in the last five sessions, the Nifty witnessed high volatility and a smart upside recovery on Wednesday. The index extended its downward trend for the sixth straight session, but the day’s trading pattern revealed…

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