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Asian shares and US stock-index futures declined as trade tensions escalated, prompting investors to seek safe-haven assets like gold. President Trump's threat to double tariffs on steel and aluminum imports heightened concerns about a potential economic recession. Market participants are also monitoring a sweeping tax bill that threatens to burgeon US deficit.
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Sun Pharma anticipates revenue growth for fiscal year 26, building on an 8% increase in fiscal year 25. However, increased spending on marketing specialty products may impact profitability. Net profit declined in the March quarter due to higher taxes. The company plans to launch new drugs like Leqselvi and Unloxcyt.
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Banks' mutual fund investments jumped 91% year on year to Rs 1,19,863 crore as on March 21, 2025, from Rs 62,499 crore on March 22, 2024, data from the Reserve Bank of India (RBI) bulletin showed. Banks MF investments had grown 28% in the previous year.
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