This is the fourth quarter in a row Hero has managed to expand its Ebitda per vehicle on a quarter-on-quarter basis when industry volume growth is still 25% lower than the peak of FY19.
The government will sell a 3% stake in Hindustan Copper through an OFS at Rs 514 per share, with an option to divest another 3%.
Iran’s currency has plummeted to a staggering 2.02 million rials against the US dollar, reflecting deepening economic strain as Washington gears up for more sanctions.
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