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On Vi, it maintained its sell rating, while raising the price target to 2.5 from 2.2, implying a downside of 81.4% from Friday's closing of 13.43. Vodafone shares plunged 11% on Friday.
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The regulations require overseas investment vehicles to provide granular details of all entities holding any ownership, economic interest, or exercising control, failing which they must liquidate their domestic holdings.
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The Tata Group's aviation business, including Air India and Vistara, reduced losses to 6,337 crore from 15,414 crore. Air India saw a 24% revenue increase to 51,365 crore. Tata Digital's business grew 148%, but net losses widened. Tata Sons' net profit rose 57% to 34,654 crore.
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News and Media
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