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Motilal Oswal Securities remains positive on India's consumer sector after a stable first quarter. The brokerage favors Hindustan Unilever, Godrej Consumer, and Marico. It anticipates a widespread recovery in fiscal year 2026. This recovery will be due to lower inflation and possible rate reductions. Tax advantages and robust festive season demand will also help.
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News and Media
ByteDance, the parent company of TikTok, is planning a new employee share buyback, valuing the company at over $330 billion. This decision follows a 25% year-on-year surge in second-quarter sales, reaching approximately $48 billion, primarily driven by its China business. The buyback offers employees liquidity without an IPO, highlighting ByteDance's financial strength.
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News and Media
Silver prices in New Delhi hit a record high of 1,20,000 per kilogram. This surge happened as investors sought safe-haven assets. The US tariff on Indian products has taken effect. Gold prices also increased, reaching 1,01,270 per 10 grams. Political uncertainty after Donald Trump's dismissal of Lisa Cook, a Federal Reserve Governor, further fueled the rise in prices.
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News and Media
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