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In the new rule, Indian government has allowed 100 percent investment under the automatic route for activities that includes manufacturing of components, systems and sub-systems for satellites.
Larsen & Toubro: Recorded a 15 percent year-on-year growth in consolidated net profit at Rs 2,947 crore during Q3. EBITDA margin dropped by 50 basis points to 10.4 percent for the quarter. Dr. Reddy’s: Saw a 10.6 percent year-on-year growth in consolidated net profit at Rs 1,378.9 crore, despite higher tax costs. SRF: Saw a 50.4 percent year-on-year decline in consolidated net