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India’s Trent Posts 26% Profit Jump as Tax Cuts Drive Consumption Recovery

India’s Trent, the Tata Group’s retail arm, posted a 26 percent jump in quarterly profit on Wednesday, as India’s consumption tax cuts and rapid store expansion lifted demand. The company’s board also approved its first-ever bonus share issue and a fund raise of up to 25 billion rupees ($266 million), according to the company’s results […]