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Novelis Inc, the wholly-owned subsidiary of Hindalco Industries, has reported a 36% year-on-year fall in its net income for the June quarter at $96 million. Excluding special items, the bottomline was 43% lower compared to the previous year at $116 million.
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The US will hold its levy on Chinese imports at 30%, while China will keep a 10% tariff on American goods.
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Data suggests companies are not recruiting or are holding off replacing people who have left.
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News and Media
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