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Birkenstock shares fall as investors focus on profit warning in first post-IPO results

Executives on a call said Birkenstock planned to raise prices on its sandals and clogs this year after it had ‘underestimated the inflation effects’ in fiscal 2023 ....

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Puravankara: Puravankara pre-sales grew 56% to Rs 1,241 crore; to maintain 30% EBITDA margin: Group CEO

Abhishek Kapoor says: “Project to project, micro market to micro market, we will see different increases in prices. But the good part is as an industry, developers have not gone over the top and increased prices, but they are chasing volumes. I think that is good and healthy for both the consumers and the developing community.” ....

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Happy Forgings: Happy Forgings margins will be around 28-30% going forward: MD

Ashish Garg says: “Going forward as well, we plan to deploy 70% of the capex in the business of the cash flow and at the same time the primary fundraising will definitely boost this capex. So, going forward, we are adding forging lines. At the same time, we are adding machining lines. But all the capex is fungible.” ....

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BharatPe remains in losses in FY23 but revenues grow multi-fold

India Business News: Fintech unicorn BharatPe’s revenue from operations increased to Rs 904 crore in FY23 from Rs 321 crore in FY22, registering a year-on-year growth of 1 ....

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Corporate earnings solid, bank asset quality robust going into 2024: S&P

The ratings agency acknowledged that there are pockets of credit stress among lower rated corporates, but called them rare and company-specific rather than structural. ....

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