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Monday, May 23, 2022

'Inflation fight will hurt growth, risks wider fiscal gap'

The export duty hikes and tax cuts will likely hurt economic growth and raise the chances of the fiscal deficit widening, but do little to bring down retail prices within the central bank's tolerance level, economists and industry officials said.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/romLOwU

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India Cements becomes subsidiary of UltraTech

UltraTech Cement has acquired a 55.5% stake in India Cements, making it a subsidiary. The acquisition adds 14.5 million tonnes of production...