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Foreign investors reduced their stakes in Indian consumer stocks during the September quarter, despite a consumption tax cut aimed at boosting spending. While retail sales saw an 8.5% increase during the festival season, economists caution that pent-up demand and ongoing economic headwinds like slow income growth may temper the outlook.
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The proposed changes include a spending freeze and a reduction to the hike in fuel duty.
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News and Media
Fitch Ratings has taken a positive step by upgrading the outlook for Adani Ports and Adani Energy Solutions to Stable. This decision underscores the Adani Group's impressive access to a wide range of funding options.
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News and Media
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