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Sadly, consumers don't seem to mind that Chinese firms are accused of stealing US designs, as long as the price is right.

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The company also said that it faced a one-time cost of Rs 164 crore in the third quarter owing to Centre's new labour codes.

Jefferies noted that AUM growth moderated to 12% year-on-year to Rs 1.15 lakh crore, reflecting a mixed lending environment.

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