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Britain's vehicle production plummeted in April, marking the worst start to a year since 2009, primarily due to sluggish export demand and the timing of Easter. The automotive industry faces challenges from global economic slowdown, U.S. tariffs, and intense competition.
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The government says its overhaul of retirement savings will boost growth and pension pots.
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InCred Equities has initiated coverage on Adani Power with an add rating and a target price of Rs 649, citing a potential 17.8% upside. The brokerage highlights APLs strong thermal power presence, stable PPAs, brownfield expansion plans, and deleveraging efforts. With capacity set to rise to 30.67 GW by FY30F, APL is well-positioned for growth.
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