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Grasim Industries witnessed a 66% decline in Q2 consolidated net profit, reaching Rs 389 crore, despite an 11% surge in revenue, reaching Rs 33,563 crore. This downturn is attributed to reduced profit margins in the cement sector and initial investments in the 'Birla Opus' paint business.
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Nifty may signal a trend reversal above 24,140, but stronger price confirmation is needed for aggressive bullish positions.
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Germany's troubled manufacturing firms say they are facing a number of significant problems.
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