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Shares of Cyient Ltd fell 18.58% after weak Q3 FY25 results and CEO resignation. The DET segment saw a drop in YoY profit, while revenue guidance for FY25 was revised downward. Leadership change and execution issues led to stock downgrades by JP Morgan and Emkay Global.
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Muhammad Yunus, head of Bangladesh's interim government, criticised the previous administration's allegedly fake economic growth and corruption. Yunus emphasised the importance of inclusive growth and reducing inequality. He called for the extradition of former Sheikh Hasina to Bangladesh to face charges, stressing strained India-Bangladesh relations.
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The move comes hours after the latest economic data showed prices rose last month at the fastest pace in 16 months.
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News and Media
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