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UltraTech Cement reported record quarterly profit and sales growth driven by efficiency gains from integrating India Cements and Kesoram Industries assets, improved margins, and higher realisations, while announcing a ₹240 per share payout and sustained capex-led expansion plans.
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Deepak Builders & Engineers approved a 1:10 stock split and raised authorised share capital to Rs 65 crore to enhance liquidity and accessibility. The move reflects efforts to strengthen its capital base and support future growth and investor participation.
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The Nasdaq Composite opened lower, lagging behind the S&P 500 and Dow, as investor confidence in the AI boom wavered. Concerns arose after OpenAI reportedly missed user and revenue targets, casting doubt on its ability to fund substantial data center expenditures. This news impacted technology stocks, leading to a significant drop in the Nasdaq.
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Chinese electric vehicle maker BYD’s quarterly profit fell at its fastest pace since 2020, a stock market filing showed on Tuesday, hit by sluggish sales at home and intensifying competition.
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