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The rate of unemployment stood at 4.3% in the three months to September, up from 4% the previous quarter.
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Asian Paints faced a challenging second quarter with muted demand due to uneven rainfall and a slowdown in metro cities. Despite price hikes, competitive intensity remains high. The company is cautiously optimistic about single-digit volume growth in the coming quarter while closely observing AkzoNobel's strategic review of its India business.
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After refiling their IPO documents in August, the companies gained regulatory approval between November 4 and 8. Their shares will be listed on the BSE and NSE
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