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Amit Syngle, MD & CEO of Asian Paints, highlights the competitive environment with new market entrants and challenges like fluctuating crude oil prices affecting the industry. Asian Paints is launching new products, including an eco-friendly Ultima Suprema and a long-lasting waterproofing product, SmartCare Infinia, while keeping an eye on both demand recovery and material costs.
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News and Media
Info Edge Q3 Results: The company's revenue from operations rose 15.2% YoY to Rs 722.39 crore, up from Rs 627.12 crore in the same quarter last year. The company reported a 20.4% YoY increase in operating profit, reaching Rs 263.4 crore in Q3FY25, up from Rs 218.7 crore last year. Operating profit margins improved to 39.2% of revenue.
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News and Media
The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve Bank of India and strong dollar demand from importers. Despite a softer dollar aiding other Asian currencies, India's persistent foreign portfolio outflows added further pressure, resulting in nearly 0.3% depreciation on the day.
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News and Media
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