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IndusInd Bank Ltd. reported a sharp fall in standalone net profit in the third quarter of the current fiscal, missing street expectations. Profit plunged to Rs 161 crore in the October-December quarter, compared to Rs 1,401 crore in the year-ago period, according to a stock exchange filing on Friday. Analysts’ consensus estimates compiled by Bloomberg…
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The Karnataka High Court on Friday lifted the ban on bike taxis, paving the way for the resumption of services across the state. Karnataka Transport Minister Ramalinga Reddy said he had not yet received a copy of the order and would comment after reviewing it. However, he said the division bench of the High Court…
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Four major steelmakers — Tata Steel, JSW Steel and State-run SAIL and RINL— disclosed their pricing plans to rivals and coordinated production cuts to reduce supplies, an antitrust investigation report seen by Reuters shows. In the most high-profile antitrust case involving the steel sector, an investigation by the Competition Commission of India found that 28…
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Even as silver has outperformed gold in percentage terms over the past year, billionaire investor and Bridgewater Associates founder Ray Dalio remains firmly constructive on gold, calling it a structural allocation rather than a speculative trade as the global monetary system comes under strain. After outperforming gold last year, silver’s price momentum has continued into…
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