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The Indian rupee declined to 87.28 per US dollar on Monday.
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A sharp run-up in the stock, a long-time investor’s exit with windfall gains and a dramatic slump—the Thrissur-based company is a lesson in how not to flog an idea.
Going by the FMCG giant’s stated intent and need, fans of the little over four-year-old, digital-first skincare brand have no reason to worry.
Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.