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Hindalco Industries shares reached a new record on Monday. This surge is fueled by increasing global metal prices and positive sentiment around a potential U.S.-China trade deal. Investors are now anticipating the company's September quarter earnings. Hindalco's strong performance in India and its Novelis business are key drivers. The company is a major player in aluminium and copper production.
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"Flawed contracts" and "incompetent delivery" left the department unable to cope with demand for asylum accommodation, a report by MPs suggests.
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Coforge's stock took off following impressive quarterly performance. The IT services company enjoyed an 86% increase in net profit alongside a 32% revenue boost. Analysts are upbeat, with several brokerages not only holding onto their buy ratings but also increasing target prices. The companys robust order book, paired with managements reassurances on growth, points to exciting opportunities on the horizon.
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