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The consumer goods giant’s performance has been in a funk for a long time. Fund managers need to stop giving it a long rope.
After the derivatives hedging fiasco triggered the resignations of top executives, indications are that the regulator expects the private lender’s board to do a thorough cleanup.
Indians are buying lots of gold, just not jewellery. This is hurting margins of retailers, who are in turn resorting to all sorts of tricks to grow.