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MCX shares slipped sharply as investors booked profits following a strong rally driven by robust Q1 earnings and a stock split announcement. The exchange posted record quarterly revenue and an 83% YoY jump in net profit, supported by higher trading volumes and product expansion.
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Ather Energy recorded a 97% year-on-year (YoY) increase in volumes in Q1, selling 46,078 units, driven by strong demand for its flagship Ather Rizta and an aggressive retail expansion push. The companys total income rose 83% YoY to Rs 672.9 crore in the June 2025 quarter.
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Trade relations between America and India face potential disruption. Donald Trump threatens to impose high tariffs on Indian goods. India has already responded with reciprocal tariffs. Negotiations are ongoing, with a U.S. delegation visiting India. Experts suggest a meeting between Narendra Modi and Donald Trump could de-escalate the situation. The situation is expected to continue for weeks or months.
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