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Economics Editor Faisal Islam on what was really behind the big rebellion about the government's welfare reform bill, after the government confirmed it will make major concessions.
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The deal will give the UK motor industry preferential treatment and cut aerospace tariffs to zero.
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Nilesh Shah of Kotak AMC remains optimistic about consumer discretionary spending, citing tax rebates, reduced EMI burdens, and the upcoming 8th Pay Commission. He favors midcap IT leveraging AI and consumer discretionary over staples, driven by increased focus on healthcare, travel, and QSR. While IPOs and promoter stake sales offer market supply, selective investment is crucial.
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