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The Nifty 50 companies are expected to report robust year-on-year, double-digit earnings growth for the June quarter, helped by the stellar performance of select firms from sectors such as automobiles, banking and finance, and oil and gas.
Stock exchange-listed consumer-facing companies said the sequential moderation of inflation in the June quarter lifted consumer spending and demand though unseasonal rains in north India dented demand for summer products.
Mahindra & Mahindra, India’s biggest sports utility vehicle maker by revenue, is in advanced talks with British International Investment (BII) and some other global investors to raise up to ₹5,000 crore ($605 million) for its electric vehicles (EV) unit, multiple people aware of development told ET.
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