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Public sector undertakings (PSUs) have demonstrated significant financial improvement, with their share of net profit in the ET 500 rankings expanding sharply to 30.7% in FY25 from 17.9% in FY19. PSUs also outpaced non-PSUs in sales and profit growth, showcasing a robust financial turnaround.
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Shriram Finance shares surged to an all-time high after Japan's MUFG Bank announced its acquisition of a 20% stake. Analysts have raised price targets, citing the deal's positive impact on the NBFC's growth outlook and debt repayment confidence. The investment is expected to accelerate diversification plans and bring valuable expertise.
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It marks a first in this new era of weight-loss medications with Wegovy being the only so far to gain approval for a pill version of their shot.
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News and Media
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