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Showing posts from November, 2024

More than 600 linked to terror financing identified this year: Eurasian Group

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The Eurasian Group identified over 600 people linked to global terrorist financing networks in 2023. The group discussed challenges in detecting and tracking these financiers, emphasizing risks across regions, including Afghanistan. They also addressed the complexities of regulating cryptocurrency in preventing terrorism funding. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4rVqKc6 >

Q2 GDP data disappointing, but see bright spots: Govt

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New-age cos look to reassess IPO timing

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Sensex tumbles 1,190 points, investors lose Rs 1.4 lakh crore

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Foreign investors aggressively sold Indian stocks, causing the sensex to plummet by 1,190 points to 79,044. All sensex constituents except SBI closed in the red, with investors losing Rs 1.4 lakh crore. Foreign funds were net sellers at Rs 11,756 crore. Market volatility was heightened by the expiry of derivative contracts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/BIAZfX3 >

Ahead of IPO, Suraksha Diagnostic collects Rs 254 crore from anchor investors

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Integrated diagnostic chain Suraksha Diagnostic Ltd raised Rs 254 crore from anchor investors before its IPO opening. The company plans to begin its Rs 846-crore public share-sale on November 29. The offering, solely an Offer for Sale, aims for a market capitalization of around Rs 2,300 crore. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/6vYSg4c >

Vedanta to invest $2 billion in Saudi copper projects

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No FCPA violation charge on Gautam, Sagar Adani: Group co

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Waaree Renewable Technologies bags solar project worth Rs 1,233 crore

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Waaree Renewable Technologies secured a ₹1,233.47 crore order to build a 2,012.47 MWp DC ground-mount solar PV project from a domestic renewable energy developer. The project is a significant step for Waaree in expanding its presence in the renewable energy sector. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3ENxgwp >

No need to apply, you will get e-version of PAN in mail ID

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Adani Green says it's not looking for fresh funds from investor Total

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Adani Green Energy stated it isn't seeking new funds from TotalEnergies after the French company paused further investments due to corruption allegations against Adani executives. TotalEnergies, a significant stakeholder in Adani Green, clarified its stance following a US indictment, emphasizing its commitment to ethical practices and awaiting clarification on the accusations. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/VPbYROZ >

Meesho launches voicebot to cut customer support costs by one-fourth

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Meesho launched a multilingual AI voice bot for customer service, initially supporting Hindi and English, with plans to expand to six more regional languages. This move aims to reduce costs and personalize support for its diverse user base. The bot currently handles 60,000 calls daily, resolving 95% of issues and cutting average handling time by half. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rbQBUeg >

Adani may find it tough to tap foreign funding: Investor GQG

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GQG Partners, a major investor in Adani Group, warns that US bribery allegations against Gautam Adani could hinder the conglomerate's access to international funding. While Indian banks continue lending, GQG notes any negative government action could significantly impact the group. The US indictment alleges Adani Green employees, including Gautam Adani, bribed Indian officials for solar contracts, impacting subsequent fundraising efforts. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ASX6uVY >

Cabinet's Rs 30,000 crore bank guarantee relief for telecom industry

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The Indian government has provided significant financial relief to telecom companies by removing the requirement for bank guarantees on past spectrum purchases. This move, exceeding Rs 30,000 crore in relief, will particularly benefit Vodafone Idea, which faced a substantial financial burden. While aiding the industry's financial health, certain conditions ensure protection against potential payment defaults. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/4hNgroL >

French energy giant Total puts Adani Group investments on hold

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French energy giant TotalEnergies has paused further investments in Adani Group following US bribery allegations against its founder. TotalEnergies, holding stakes in Adani's renewable energy and gas ventures, stated it was unaware of the US investigation. The company emphasized its zero-tolerance policy on corruption and clarified it wasn't directly implicated. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/XAkMW1P >

Adani US indictment: 'US regulator SEC has no jurisdiction to summon a foreign national'

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At Rs 27k crore, FPI selloff continues in November

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FMCG sector boosts hiring of freshers amid rapid growth in India's food processing industry: Report

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India's food processing industry is booming, projected to double in size by 2025-26. This growth is fueling a surge in hiring within the FMCG sector, with a particular focus on fresh graduates. Companies are seeking talent to support their expansion into rural and semi-urban markets, creating opportunities in areas like supply chain management and market research. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cb9WGxj >

India invested $14 trillion since independence, over 50% in the last decade: Report

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India has experienced significant investment growth, reaching $14 trillion since independence, with $8 trillion invested in the last decade alone. This surge, driven by post-COVID economic measures and government spending, has boosted the investment-to-GDP ratio. Despite occasional short-term market fluctuations, India's stock market demonstrates resilience, yielding positive returns in 26 out of the past 33 years. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/OZ41Q0A >

Adani US indictment: SEC issues summons to Adani Group, nephew Sagar in bribery case

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US fund Advent to sell packaging company Manjushree for $1 billion

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Report: 93% Indian executives see rise in cyber budget next year

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Equity investors lose Rs 5.27 lakh crore as domestic markets slump

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Indian stock markets experienced a significant downturn, mirroring the decline in Adani Group stocks following accusations of fraud and bribery in the US. The BSE Sensex plummeted over 422 points, wiping out ₹5.27 lakh crore of investor wealth. Adani Ports suffered the most, hitting the lower circuit limit. Other Adani Group stocks also witnessed substantial losses. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/17m4tNf >

Loews Regency New York Hotel Celebrates Holiday Season with Curated Shopping Experiences

It is the most wonderful time of the year in New York City and iconic  Loews Regency New York Hotel  is celebrating the ho ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/8bpOko2

Asia's local fuel imports at multi-year high in Nov

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Bitcoin surges to record high near $95,000

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Bitcoin soared to a new all-time high near $95,000, fueled by reports of a potential acquisition of crypto trading platform Bakkt by Trump's social media company. This news, coupled with Trump's pro-crypto stance, has boosted investor confidence in a less regulated crypto environment. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/RSosF3X >

Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe

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Ford Motor Co. is slashing 4,000 jobs across Europe, primarily in Germany, by 2027. The automaker cites economic challenges, intensified competition, and lower-than-anticipated electric vehicle sales as reasons for the workforce reduction. Ford's European sales have declined significantly this year, mirroring the industry's struggles with shrinking markets and pressure from Chinese EV manufacturers. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/G3jpxc1 >

RBI flags governor's deepfake videos

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NTPC Green Energy IPO subscribed 33% on Day 1 of offer; retail portion oversubscribed

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NTPC Green Energy Ltd's IPO received bids for a third of the shares on its first day, with the retail portion oversubscribed. The company aims to raise Rs 10,000 crore to repay debt and fund growth. It plans to expand its renewable energy capacity significantly in the coming years, including pumped hydro projects. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/GEF1QwL >

Private banks misreporting complaints as queries: Shaktikanta Das

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French Sophistication Meets Caribbean Charm: Discovering Le Carl Gustaf, St. Barth

Perched elegantly on a hillside overlooking the glittering blue waters of St. Barthélemy, Hôtels Barri ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/RhCwzar

Hereâs Why Inn By The Sea Is The Perfect Maine Destination All Year Long

Let’s admit it. There is nothing quite like a New England vacation in the summer. From fresh lobster rolls best enjoyed seaside to late afternoon naps following a day at the beach, the popular season is a cherished time for families ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/xtuIpRi

Brazil's super rich tax proposal may get stuck

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Tatas to buy stake in Apple partner Pegatron's India business

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India calls out developed nations for climate inaction at COP29 conference

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At COP29, India criticized developed nations for delaying climate action and failing to provide adequate financial support to developing countries. They emphasized the need for substantial financial and technological assistance to address climate change effectively, highlighting the disproportionate impact on developing nations despite their minimal contribution to greenhouse gas emissions. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/cbIVWFe >

Tata goes big on Apple manufacturing by acquiring stake in Pegatron’s India biz

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Deal comes almost a year after it bought Taiwanese Wistron’s iPhone factory from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/QdXWDGZ >

Municipal corporations need to impose adequate user charges to provide better facilities: RBI report

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The Reserve Bank of India suggests that municipal corporations can improve their financial health by charging appropriate user fees for services like water and waste management. This, along with transparent governance, can lead to better public services and improved urban infrastructure. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rG6Phgl >

Sirius India Airlines looks to raise $100 million for expansion

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Sirius India Airlines is looking to raise USD 100 million to expand its fleet and services. The company plans to have 50 private jets by FY27 and expand into new markets such as the Far East, Southeast Asia, and East Africa. The funds are expected to be secured by March of next year. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/TAqryRQ >

Boeing appoints former Vanguard CEO Tim Buckley as new board member

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Boeing has appointed former Vanguard CEO Tim Buckley to its board, effective January 1st. Buckley, with over 30 years of experience at Vanguard, will join as the 12th director. This announcement coincides with Boeing's plan to lay off 17,000 employees by January as part of a company-wide restructuring effort to cut costs and streamline priorities. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/shl0PEx >

Loss-making companies pay royalty too: Sebi

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A study by SEBI revealed that some listed Indian companies prioritized royalty payments to promoters over shareholder dividends. The study, conducted over a 10-year period, found that 25% of companies paid over 20% of their net profit as royalty. Some companies paid royalty despite not declaring dividends or even making profits. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ilPoCJv >

Maruti drives in ‘next generation’ Dzire at Rs 6.8 lakh

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Bitcoin nears record $90,000

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Hyundai Motor India's Q2 profit drops 17% as sales decline

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Hyundai Motor India reported a 16.5% decrease in quarterly profits, marking its first earnings report since going public. The decline was attributed to reduced domestic sales and exports. The company's overall sales volume, including exports, experienced a 9% drop, resulting in a 7.5% decline in revenue, reaching 169.61 billion rupees. from Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News https://ift.tt/qTH6c2Z >

State-owned MTNL defaults on Rs 1,000 crore loan to Bank of India

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MTNL has defaulted on a Rs 1,000 crore loan from Bank of India, leading the bank to set aside Rs 200 crore to cover potential losses. This comes after SBI categorized its loans to MTNL as sub-standard. Despite the default, lenders are optimistic about recovery as MTNL is government-owned and some loans are backed by government guarantees. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pomhAHY >

Bitcoin surges past $84,000, up $16,000 after Trump win

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Bitcoin soared past $84,000, fueled by President-elect Trump's victory and his pro-crypto stance. The digital asset market celebrated Trump's win, having invested heavily in crypto-friendly candidates. Smaller cryptocurrencies like Dogecoin also surged, driven by optimism surrounding Trump's presidency. Meanwhile, FTX sued Binance and its former CEO, alleging fraudulent fund transfers. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/uZJcG4K >

India’s direct tax collection surges 15.4% to Rs 12.1 lakh crore by November

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India's direct tax collection witnessed a significant surge, reaching Rs 12.1 lakh crore between April 1 and November 10, reflecting a 15.41 percent increase. This growth was fueled by robust corporate and individual tax payments. Despite a substantial rise in refunds issued, net direct tax collection remained strong. The government aims to collect Rs 22. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZVkF8Q3 >

Coal import up 8% to 140.6 MT in April-Sept

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India's coal imports saw a 7.8% increase, reaching 140.60 million tonnes between April and September of this financial year. This rise comes despite a 10.09% dip in September's imports. The surge is attributed to robust stock positions and competitive domestic e-auctions, contributing to an anticipated moderation in overall import demand. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ZS4zRf7 >

Sebi looks to expand scope of info disclosed by listed companies

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To enhance transparency and investor protection, India's market regulator, SEBI, is proposing to broaden the definition of Unpublished Price Sensitive Information (UPSI). This includes events like fundraising, management changes, regulatory actions, and financial irregularities, aiming to provide a clearer framework for listed companies. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/zJpZW5s >

Foreign investors withdraw approximately Rs 20,000 crore in last 5 trading sessions

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Foreign investors are pulling out of Indian equity markets due to high valuations and shifting focus towards China. Despite this, new FPI registrations are on the rise thanks to relaxed regulations. The future of FPI investment hinges on upcoming earnings reports and the performance of the Chinese market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k2DTp4N >

Market capitalisation of six of top-10 most-valued firms decline Rs 1.55 lakh crore last week

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India's stock market witnessed a mixed performance last week, with six of the top ten companies experiencing a combined market value decline of ₹1.56 lakh crore. Reliance Industries took the biggest hit, while TCS and Infosys emerged as gainers. Despite the fluctuations, Reliance Industries retained its top position, followed by TCS and HDFC Bank. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/k0NxLST >

In boost to MSMEs, FM Nirmala Sitharaman pushes for Rs1.5L cr extra PSB loans in FY25

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Finance Minister Nirmala Sitharaman raised the lending target for public sector banks to MSMEs by nearly 35% for this financial year. She set a new target of Rs 5.7 lakh crore, emphasizing that no small business should be denied funding. Sitharaman urged public sector banks to take the lead in lending to MSMEs, aiming for greater growth in the sector. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/iR9Sw7u >

Kempinskiâs Guide to the Best Christmas Markets in the Most Festive European Destinations

There’s something magical about the holidays in Europe, where visitors (and locals alike) can savor the wonder of the holidays. With backdrops of snow-capped mountains and twinkling lights, the wonder of Christmas is brought to life around t ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/cI0zNJP

Irdai chief bats for 100% FDI in insurance to boost reach

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Debashish Panda, chairman of the Insurance Regulatory and Development Authority (Irdai), advocated for raising the foreign direct investment (FDI) ceiling in the insurance sector to 100% from the current 74%. He believes this move will attract more foreign players, bolster the industry's capital base, and help achieve the government's target of 'insurance for all' by 2047. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/YDbBVQE >

India should be part of RCEP, CPTPP: Niti CEO

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Niti Aayog CEO BVR Subrahmanyam stated that India should join the Regional Comprehensive Economic Partnership (RCEP) and Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to benefit its MSME sector, which contributes 40% of India's exports. He believes that joining these trade agreements will boost India's participation in the 'China plus one' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/Zqiw0bj >

Trump presidency seen as mixed bag for Indian markets

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Economists and market analysts believe that a return of Donald Trump to the White House could bring both opportunities and challenges for the Indian market. While some sectors like software and pharmaceuticals might benefit, others could face tariff barriers. Despite potential volatility, India is expected to attract foreign investment due to its favorable policies and the 'China +1' strategy. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/ocn3gvZ >

Sensex soars 1,200 pts from day’s low despite FPI selling

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The Sensex staged a remarkable recovery on Tuesday, surging nearly 700 points after plunging over 1,200 points earlier in the day. This volatile session saw banking and metal stocks leading the rally, fueled by speculative buying and short covering. Despite heavy selling by foreign investors, domestic funds provided crucial support, buoyed by positive domestic economic indicators. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/rxaKWyq >

Lisbon Hotel Blends Vintage And Modern

Opening our balcony doors at Lisbon’s Bairro Alto Hotel during the day, my companion and I enjoyed the excited hustle and bu ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/xKpk9W4

This Luxurious Antigua Boutique Hotel Is Officially Open For The Season

With cold winter temperatures fast approaching, it’s time to start planning your next warm-weather escape. Thankfully, The Inn at E ... via JustLuxe.com from JustLuxe: LuxuryTravel News https://ift.tt/JY1tH4C

No slowdown in tech spends: Microsoft India head

Microsoft sees robust technology spending in India, with rising AI momentum driven by Copilot and increasing use cases. Puneet Chandok, the company's India and South Asia president, highlighted a positive shift in AI perceptions and emphasized Microsoft's commitment to regulatory compliance. India remains a key growth market. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/pTmbHUL >

FMCG firms worry over high inflation, squeezing urban market; hint price hike

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Leading FMCG companies reported declining margins in the September quarter due to higher input costs and food inflation, slowing urban consumption. Firms like HUL, Dabur, and Nestle India noted muted demand, while rural markets showed growth. Companies plan price hikes to counter rising input costs. from Business News: Latest News Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/HlqrsGD >