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In accordance with RBI regulations, the money will be obtained through external commercial borrowings, including the purchase of US dollar bonds.

The increase in shareholding raised LIC's equity shares in HUL from 11,74,63,555 to 11,77,18,555, representing a shift from 4.99% to 5.01% of the company's paid-up capital, as per a regulatory filing.

Tiger Global and Peak XV are leading the ongoing round, with participation from SoftBank, WestBridge Capital, and others as previously reported.

The USFDA flagged concerns about procedural inadequacies to prevent microbiological contamination and the absence of verification processes for data accuracy at the plant.

Pursuant to cut in growth expectations for Q4FY24 (Mgmt guides for QoQ drop in sales), including softness in Mobile EMS, analysts of IIFL Capital Services cut FY24 EPS by 7%. Ex-Mobile EMS, revenue is lowered by 4/7% and Ebitda by 8/10%, respectively for FY25/26, given analysts of IIFL Capital Services cautious view on rebound in consumption.

Anish Shah, CEO & MD of Mahindra Group, highlighted the project's role in addressing climate change and promoting green operations.

Strong show expected (over the year-ago quarter) on all key parameters.

Notable sectors such as Oil & Gas, Consumer Durables, FMCG, Auto, and Pharma witnessed gains, while the IT index faced the most significant decline, down by 1.60%.

Soft performance likely on growth and profitability.

The windfall tax on petroleum oil was increased by the government earlier on April 4 from ₹4,900 to ₹6,800 per metric ton.