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IRB Infrastructure shares rose sharply on Monday after the company bagged NHAIs Rs 9,270-crore TOT-17 project, its highest-valued 20-year monetisation award. The award covers 366 kilometres across the LucknowAyodhyaGorakhpur corridor on NH-27, along with a section of the LucknowVaranasi route on NH-731. The order win is being seen as a major boost to IRBs portfolio, toll revenue outlook and asset base.
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The group would add over 600 net new Pizza Hut stores annually over the next three years and expected to double operating profit in China for the brand by 2029 versus 2024.
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The global economy is entering a new era of regional trade and advanced technology. Innovation is no longer confined to the West, with China and India emerging as key players. Despite recent foreign investor exits, India's long-term structural story remains strong.
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