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“Non-corporate India which includes the unorganised sector and the MSMEs are still hurting quite badly. Since the bulk of employment and income generation in the country is driven by the non-corporate sector, this kind of growth will tend to start going towards stagnation a couple of years down the road because the consumption base would not be growing, ” says Sen in an interview with ETMarkets.com.

The consolidated results include the performance of the operating subsidiaries in USA (QEI, LLC) and in Sweden, Germany and Netherlands (Drives and Automation Europe) and other non-operating and holding subsidiaries, the filing said.

IIFL Securities estimates real GDP growth in FY23 to be 7.4 per cent and given recent trends, there can be upsides to this

The earnings before interest, tax, depreciation and amortization (EBITDA) decreased 17% YoY to Rs 290 crore. The EBITDA margins dropped by 540 basis points to 28.2%.

In the international market, gold was trading lower at $1,810 per ounce and silver was flat at $23.10 per ounce.

The total market cap of Shiba Inu has dropped to $11.35 billion. It was as much as thrice the current value during its golden days. However, the trading volumes of the token have remained healthy, thanks to its dirt-cheap price.

Firstly, blockchain technology and applications based on it, like NFTs and cryptocurrencies, allow athletes, clubs or sports teams to gain economic benefits. Secondly, it increases transparency as clubs and teams can also use this mode to transfer players’ salaries or transfer fees.

“People had invested knowing that this risk was there and we would not advocate taking money off the table at this point in time. But the next couple of months will see little ups and downs. Wherever there is comfort with a stock or a sector and one is getting more attractive prices, then this is as good a time as any to start dipping one’s toes in that space.”

“It is time to signal that the government wants to return to fiscal consolidation. I would recommend at least symbolically 0.5% to 1% reduction in the fiscal deficit from the current 6.8% level. But I also have in mind some reform agenda.”

The CSI Smallcap 500 Index and the start-up market ChiNext declined 2.6% and 3.6%, respectively.