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Varun Beverages' shares fell 3.4% after raising Rs 7,500 crore through a QIP at a 4.97% discount. The company reported strong Q3 profit and revenue growth.
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Europe is facing another winter of high energy prices as the luck of favourable weather and low Asian demand for LNG has run out. Despite efforts to diversify, Europe remains reliant on Russian gas, raising questions about its commitment to weaning itself off Russian energy while supporting Ukraine.
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Tata Power's shares dipped 2.6% after announcing a partnership with Bhutan's Druk Green Power Corporation to develop 5,000 MW of renewable energy projects in Bhutan. The collaboration will focus on hydropower and solar projects, leveraging Bhutan's resources and India's energy demands.
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News and Media
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