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Associated Alcohols and Breweries (AABL) outperformed market volatility, gaining 27% in three months. The companys focus on premium products, expanded proprietary brands, and new markets supports analysts forecast of 26% revenue and 40% profit growth by FY27.
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Spandana Sphoorty Financial posted a 440 crore net loss in Q3 FY24, its second consecutive quarterly loss, driven by 626 crore bad loan write-offs and higher provisions. Regulatory exemptions and lender discussions continue amid covenant breaches.
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It comes after critics warned the plans could prompt wealthy people to leave the UK.
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