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GTPL Hathway reported a 27% decline in net profit, reaching Rs 10.5 crore for the quarter ended June, while revenue increased by 7% to Rs 909.1 crore. The cable TV business saw a slight revenue dip, but the subscriber base remained stable at 9.6 million. Broadband ARPU rose, and data consumption surged, with network expansion continuing.
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News and Media
The S&P 500 eased from a record high the day before, with caution prevailing after Trump on Thursday imposed 50% tariffs on Brazil and as the European Union braced for a possible letter from Trump with details on fresh tariffs.
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News and Media
Housing finance companies (HFCs) are anticipated to reveal modest earnings for the June quarter, supported by an 8% year-on-year rise in loan disbursals. However, margins are expected to face pressure from bank competition and rate cuts. Provisioning costs might increase due to slower recoveries, potentially leading to flat profit growth after tax.
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News and Media
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