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Important news, must-read stories on NDTV Profit on Monday.
TCPL will buy 75% stake in Capital Foods for Rs 5,100 crore, with the remaining to be bought over three years. In the case of Organic India, the company will buy 100% stake for Rs 1,900 crore.
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The stock's target price was raised by Citi Research and Nomura Holdings Inc., citing revenue growth and margin expansion outlook.
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The Wholesale Price Index rose 0.73% during the month, as compared with 0.26% in November.
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The 30,000 sq. ft. facility will have a capacity of building over 20 satellites simultaneously, which can be turned around within six months.
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The company's loss spiked to Rs 674 crore from Rs 439 crore, according to company filings accessed via TheKredible.
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The company's standalone net profit increased 27.8% year-on-year to Rs 65.4 crore for the quarter-ended December.
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The trade gap narrowed to $19.8 billion in December, as compared with $20.6 billion in November.
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