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Capital goods sector feels slowdown pinch
Under strain due to a reduced order inflow and falling margins, capital goods majors Crompton Greaves and Siemens reported a nearly 70 per cent drop in profits in the October-December quarter of the current financial year, according to results announced on Tuesday. Crompton Greaves’s third-quarter profits at Rs 77 crore were 66.8 per cent lower over the same period the previous year. The power
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