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Wipro's June quarter exceeded muted expectations, driven by new deal traction and recent acquisitions. The company secured nearly $5 billion in total contract value, including $2.7 billion in large deals. While global uncertainty persists, Wipro anticipates sequential revenue to range from a 1% decline to a 1% increase for the September quarter, reflecting cautious optimism.
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FMCG companies anticipate a slight sales volume increase for the June quarter, with revenue growth varying due to pricing strategies and demand. While some firms may face margin pressure from rising material costs and advertising, Marico and Tata Consumer Products are favored by analysts. The Nifty FMCG index has recently outperformed broader market indices.
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Homeland Security Secretary Kristi Noem has hinted at possible changes to TSA's liquid restrictions.
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