Tea stocks soar as prices spike due to heatwave and floods, reaching new highs. India’s struggling tea industry could benefit from the surge, but financially weak producers still face challenges.
IIFL Finance will raise Rs 6,414 crore through a capital infusion led by Blackstone, which will invest Rs 5,000 crore for an approximately 16% stake.
Cochin Shipyard Ltd reported a 50% decline in consolidated net profit for the September quarter of FY27. The company’s net profit fell to Rs 53.77
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