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IndiaTV Business: Google News Feed: Digest for July 20, 2023

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A Bengaluru-based tech startup founder and CEO took to Twitter to express his shock and wonder after receiving over 3,000 resumes in 48 hours for job postings on the company's website.
The pharmaceuticals industry is back in focus. After considerable underperformance, the sector is once again creating a buzz as Sensex and Nifty scale to new highs.
Tamil Nadu has pipped Maharashtra and Gujarat to arise as the top state in the Niti Aayog's Export Preparedness Index 2022 which surveys the preparation of the states regarding their product potential and execution. Gujarat had topped the graph in the last two rankings. The objective of the index is to evaluate the states' preparedness in terms of their export performance and potential. 
Adani Group chairman Gautam Adani addressed shareholders at the Annual General Meeting (AGM) on Tuesday and said, the Hindenburg report was a mix of designated deception and ruined claims.
Stock markets: Equity benchmark indices Sensex and Nifty continued their record-breaking rally on Tuesday, reaching new all-time high levels in early trade, amid fresh foreign fund inflows and buying in banking counters. A positive trend in the US markets on Monday also contributed to the domestic benchmark indices optimism.
The time to file income tax returns has arrived. ITR-1, ITR-2, and ITR-4, among others, have been made available online by the Department of income tax with pre-filled data. In a similar vein, some salaried employees will soon receive their Form 16, the additional essential document required to file returns. However, July 31 is the due date to document personal government forms for the assessment year 2023–24 (relating to FY23), so the perfect opportunity to begin the process is when you get your Form 16.
In an article published in its July bulletin, the Reserve Bank of India said that India could become a developed country by 2047 with an average annual real Gross Domestic Product (GDP) growth of 7.6 per cent over the next 25 years. Given the state of the infrastructure, capital stocks, and skill sets of people, the task, however, might not be easy, said the article titled 'India @ 100'. 
G20 meet: Finance Minister Nirmala Sitharaman on Tuesday met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency in Gujarat's Gandhinagar. According to reports, the talks between the two also included strengthening Multilateral Development Banks and global debt vulnerabilities. 

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Adani Group chairman Gautam Adani addressed shareholders at the Annual General Meeting (AGM) on Tuesday and said, the Hindenburg report was a mix of designated deception and ruined claims.
Stock markets: Equity benchmark indices Sensex and Nifty continued their record-breaking rally on Tuesday, reaching new all-time high levels in early trade, amid fresh foreign fund inflows and buying in banking counters. A positive trend in the US markets on Monday also contributed to the domestic benchmark indices optimism.
The time to file income tax returns has arrived. ITR-1, ITR-2, and ITR-4, among others, have been made available online by the Department of income tax with pre-filled data. In a similar vein, some salaried employees will soon receive their Form 16, the additional essential document required to file returns. However, July 31 is the due date to document personal government forms for the assessment year 2023–24 (relating to FY23), so the perfect opportunity to begin the process is when you get your Form 16.
In an article published in its July bulletin, the Reserve Bank of India said that India could become a developed country by 2047 with an average annual real Gross Domestic Product (GDP) growth of 7.6 per cent over the next 25 years. Given the state of the infrastructure, capital stocks, and skill sets of people, the task, however, might not be easy, said the article titled 'India @ 100'. 
G20 meet: Finance Minister Nirmala Sitharaman on Tuesday met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency in Gujarat's Gandhinagar. According to reports, the talks between the two also included strengthening Multilateral Development Banks and global debt vulnerabilities. 

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.
In an article published in its July bulletin, the Reserve Bank of India said that India could become a developed country by 2047 with an average annual real Gross Domestic Product (GDP) growth of 7.6 per cent over the next 25 years. Given the state of the infrastructure, capital stocks, and skill sets of people, the task, however, might not be easy, said the article titled 'India @ 100'. 
G20 meet: Finance Minister Nirmala Sitharaman on Tuesday met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency in Gujarat's Gandhinagar. According to reports, the talks between the two also included strengthening Multilateral Development Banks and global debt vulnerabilities. 

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Stock markets: Driven by foreign fund inflows and optimism in the US markets, equity benchmark indices Sensex and Nifty continued their dream run on Wednesday, reaching record-high levels in early trade. Buying in index majors Reliance Industries and HDFC Bank also helped the markets maintain their winning momentum.
In an article published in its July bulletin, the Reserve Bank of India said that India could become a developed country by 2047 with an average annual real Gross Domestic Product (GDP) growth of 7.6 per cent over the next 25 years. Given the state of the infrastructure, capital stocks, and skill sets of people, the task, however, might not be easy, said the article titled 'India @ 100'. 
G20 meet: Finance Minister Nirmala Sitharaman on Tuesday met her Chinese counterpart Liu Kun and discussed various deliverables under G20 India Presidency in Gujarat's Gandhinagar. According to reports, the talks between the two also included strengthening Multilateral Development Banks and global debt vulnerabilities. 

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Stock markets: Driven by foreign fund inflows and optimism in the US markets, equity benchmark indices Sensex and Nifty continued their dream run on Wednesday, reaching record-high levels in early trade. Buying in index majors Reliance Industries and HDFC Bank also helped the markets maintain their winning momentum.

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.

Piramal Pharma's Rs 1,050-cr rights issue gets Sebi's nod

Tuesday 18 July 2023 09:23 AM UTC+00
Piramal Pharma has received capital markets regulator Sebi's go-ahead to raise up to Rs 1,050 crore through rights issue of shares. The pharma firm, which filed draft papers with the regulator in March, obtained its observation letter on July 12, an update with the Securities and Exchange Board of India (Sebi) showed on Tuesday.
CRCS Sahara Refund Portal: In order to provide a major relief to Sahara depositors, Cooperation Minister Amit Shah on Tuesday launched the 'CRCS-Sahara Refund Portal'. According to the top leader of Bharatiya Janata Party (BJP), the portal has been launched aiming at a refund of the hard-earned money of crores of depositors in four cooperative societies of Sahara Group in about 45 days. Taking to Twitter, Shah said, "After registration of the depositors on 'Sahara Refund Portal' and verification of documents, the amount will be directly transferred to their bank account."
Fast-Moving Consumer Goods (FMCG) major Mishtann Foods shares have soared more than 80 per cent in just three months, according to BSE. Based out of Ahmedabad, the leading consumer goods giant has reported consolidated profit after tax in the April-June quarter of financial year 2023-24 at Rs 68.91 crore.
With the Modi government targeting to make India the global manufacturing hub, the foreign investment inflows continue to soar to new highs. Europe-based financial services group Societe Generale has picked up stake leading steel pipes maker Rama Steel Tubes.
In its latest report, the Asian Development Bank (ADB), on Wednesday maintained its prediction for India's economic growth at 6.4 per cent for the current fiscal year and 6.7 per cent for the next, noting that strong domestic demand will continue to support the region's recovery.

Indian Americans appointed to EXIM US advisory councils

Wednesday 19 July 2023 03:22 AM UTC+00
The Export-Import Bank of the United States (EXIM), which is the authority send out credit organisation of the nation, named new individuals, including numerous Indian-Americans, to its four advisory subcommittees. According to news agency, the subcommittees - - Council on Climate, Council on China Competition, Council on Advancing Women in Business and Council on Small Business -- advise EXIM on its drives as the agency attempts to propel key Biden-Harris organisation priorities.
Surat, which is known for producing 90% of all diamonds in the world, now has a remarkable building to house its thriving industry. A recently opened building in the diamond hub of Surat, Gujarat, has outperformed the Pentagon as the world's largest office building, as per a report in CNN.
Equity benchmark indices Sensex and Nifty continued their upward movement on Wednesday, ending at fresh record high levels, driven by foreign fund inflows and optimism in the global markets.
Reliance Foundation Chairperson Nita Ambani marked her presence at an event in New York and praised India for having rich culture. Her foundation was supporting an art exhibition titled "The Tree and the Serpent" at The Metropolitan Museum of Art. During her address, she said that India's rich culture is attracting people from around the world. 
World Bank president Ajay Banga, the first-ever Indian-American to head the top global financial institution, on Wednesday, praised India's economy saying India doing lot of things to stay ahead during global slowdown. India has come out strong from challenges posed by Covid and it needs to sustain the momentum, he asserted.
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