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Butter prices are soaring across Europe, impacting consumers and businesses alike. A global milk shortage, exacerbated by various factors including declining production and the war in Ukraine, is driving the increase. While some producers consider substitutes, others, like Parisian pastry chef Arnaud Delmontel, refuse to compromise on quality, absorbing the rising costs or adjusting portion sizes.
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Exide Industries shares rose 3.8% after its subsidiary, EESL, signed an MoU with Hyundai Motors and Kia to supply lithium-ion cells and battery packs for electric vehicles in India.
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Sagility India's shares surged 5% after Jefferies initiated coverage with a buy rating and Rs 52 target, citing strong growth potential and improved earnings outlook in the US healthcare sector.
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