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Indian benchmarks indices ended lower on Wednesday, as advances in heavyweight financials and oil and gas firms were offset by losses in consumer stocks. Investors stayed cautious ahead of the Reserve Bank of India's three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut.
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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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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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