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Borrowing last month was the lowest July figure for three years, following rises in tax and National Insurance receipts.
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News and Media
Pankaj Pandey suggests a promising second half for Indian markets, anticipating Nifty levels around 27,000. Cement and auto sectors are poised for growth, fueled by GST benefits. While cautious on insurance due to margin pressures, AMCs like HDFC AMC and Nippon appear attractive. Real estate sees potential in tier-II players and home-building products, favoring DLF and Max Estates.
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News and Media
Novo Nordisk faces potential layoffs after a period of rapid expansion fueled by the success of Wegovy. The company's workforce nearly doubled in five years, but slowing sales and increased competition are now putting pressure on costs. A hiring freeze is in place, and analysts anticipate cuts, particularly in sales, as Novo seeks to regain market share and improve profitability.
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News and Media
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