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        <title><![CDATA[Latest News]]></title>
        <description><![CDATA[Latest News from MoneyMeister - Latest articles and updates]]></description>
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            <title>Latest News</title>
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            <title><![CDATA[The ER&D Inflection That Must Convert Into Cash]]></title>
            <description><![CDATA[Onward Technologies has posted stronger engineering revenue and margins, but receivable days are climbing. Can operating momentum turn into sustained cash returns?]]></description>
            <link>https://moneymeister.in/article/onward-technologies-erd-inflection-cash-20261021-103339-1000560</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Wed, 21 Oct 2026 10:33:39 GMT</pubDate>
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            <title><![CDATA[The Kavach Peak and the Tonbo Mirage]]></title>
            <description><![CDATA[HBL Engineering’s Kavach surge has transformed profits, but management warns of possible post-FY28 decline. Its Tonbo investment is a separate valuation question.]]></description>
            <link>https://moneymeister.in/article/hbl-engineering-kavach-peak-tonbo-mirage-20261021-103338-1000559</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Wed, 21 Oct 2026 10:33:38 GMT</pubDate>
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        <item>
            <title><![CDATA[The Incremental-ROE Trap]]></title>
            <description><![CDATA[Bajaj Finance is growing its loan book rapidly while planning ₹17,500 crore of new capital. The key question is whether fresh equity delivers sustainable per-share value.]]></description>
            <link>https://moneymeister.in/article/bajaj-finance-incremental-roe-trap-20261021-103337-1000558</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Wed, 21 Oct 2026 10:33:37 GMT</pubDate>
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        <item>
            <title><![CDATA[The Axle Integration Bet]]></title>
            <description><![CDATA[Revenue climbed nearly 80% and PAT more than doubled. But the real wealth-creation test is whether integrated axle manufacturing turns the earnings burst into cash.]]></description>
            <link>https://moneymeister.in/article/kross-axle-integration-bet-20261020-114032-1000557</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:32 GMT</pubDate>
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        <item>
            <title><![CDATA[The Price Of Battlefield Intelligence]]></title>
            <description><![CDATA[A ₹135.15 crore control transaction for a business with just ₹48 lakh in FY26 sales. The real question is not the headline multiple but what military procurement can actually pay.]]></description>
            <link>https://moneymeister.in/article/zen-technologies-battlefield-intelligence-20261020-114031-1000556</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:31 GMT</pubDate>
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            <title><![CDATA[The Optical Infrastructure Inflection]]></title>
            <description><![CDATA[Quarterly revenue more than doubled and profitability surged. But the earnings breakthrough collides with a historical negative free-cash-flow profile.]]></description>
            <link>https://moneymeister.in/article/hfcl-optical-infrastructure-cashflow-20261020-114030-1000555</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:30 GMT</pubDate>
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        <item>
            <title><![CDATA[The Great Banking Divide]]></title>
            <description><![CDATA[Private banks posted rapid loan growth while PSU lenders led the market. The divergence is not about ownership labels; it is about funding economics, credit costs and sustainable returns.]]></description>
            <link>https://moneymeister.in/article/banking-divide-india-psu-private-20261020-114029-1000554</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:29 GMT</pubDate>
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            <title><![CDATA[Tech Mahindra: The easy part of the turnaround may be over.]]></title>
            <description><![CDATA[Twelve quarters of better margins have repaired Tech Mahindra’s operating engine. The next test is whether genuine demand and AI pricing can keep it running.]]></description>
            <link>https://moneymeister.in/article/tech-mahindra-turnaround-demand-test-20261020-114028-1000553</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:28 GMT</pubDate>
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            <title><![CDATA[Persistent Systems: Twenty-six quarters. One enormous acquisition.]]></title>
            <description><![CDATA[Persistent’s long growth streak is meeting a fundamentally different business in Nagarro—and investors must value the financing, cash restrictions and slower acquired growth.]]></description>
            <link>https://moneymeister.in/article/persistent-systems-nagarro-acquisition-20261020-114027-1000552</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:27 GMT</pubDate>
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        <item>
            <title><![CDATA[Cyient DLM: The backlog is full. Where is the cash?]]></title>
            <description><![CDATA[₹2,814 crore of orders, a 12.9% selloff, and the industrial working-capital problem hidden beneath a growing aerospace electronics franchise.]]></description>
            <link>https://moneymeister.in/article/cyient-dlm-order-book-cash-conversion-20261020-114026-1000551</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:26 GMT</pubDate>
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        <item>
            <title><![CDATA[The ₹8,415 crore question no one can price yet.]]></title>
            <description><![CDATA[A Supreme Court ruling revived claims erased in the 2020 rescue. The stock lost 14.43% in a rising market. The bond principal is known; the loss to common shareholders is not.]]></description>
            <link>https://moneymeister.in/article/yes-bank-at1-bond-writeoff-valuation-20261020-114025-1000550</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:25 GMT</pubDate>
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        <item>
            <title><![CDATA[Profit doubled. Gross margins went the other way.]]></title>
            <description><![CDATA[Orient Electric reported a 124% PAT jump while losing 251 basis points of gross margin. Its cost savings are working. Whether this is a durable franchise turnaround is still unanswered.]]></description>
            <link>https://moneymeister.in/article/orient-electric-margin-recovery-20261020-114024-1000549</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:24 GMT</pubDate>
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        <item>
            <title><![CDATA[Profit rose 36%. The share price fell 7.5%.]]></title>
            <description><![CDATA[The profit-and-loss statement looks excellent. The less comfortable detail is hidden in the half-year cash-flow statement—and the multiple investors still have to pay.]]></description>
            <link>https://moneymeister.in/article/nestle-india-profit-versus-cash-20261020-114023-1000548</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:23 GMT</pubDate>
        </item>
        <item>
            <title><![CDATA[The ₹81 buyer. The ₹90 minority.]]></title>
            <description><![CDATA[The government approved a 60.72% control transfer to a Fairfax-backed buyer. What can a public shareholder rationally pay for the bank that emerges?]]></description>
            <link>https://moneymeister.in/article/idbi-bank-control-minority-valuation-20261020-114022-1000547</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:22 GMT</pubDate>
        </item>
        <item>
            <title><![CDATA[₹2.4 lakh crore of orders. How much becomes cash?]]></title>
            <description><![CDATA[A historic power-equipment ordering cycle has arrived. But a backlog is a promise of work — not an estimate of residual cash to shareholders.]]></description>
            <link>https://moneymeister.in/article/bhel-order-book-cash-conversion-20261020-114021-1000546</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:21 GMT</pubDate>
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        <item>
            <title><![CDATA[The $809m cheque. The $1.5bn enterprise.]]></title>
            <description><![CDATA[Tristar could double the scale of the story. But the seller’s headline valuation and parent-attributable cash economics are not interchangeable.]]></description>
            <link>https://moneymeister.in/article/aegis-logistics-tristar-acquisition-20261020-114020-1000545</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:20 GMT</pubDate>
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        <item>
            <title><![CDATA[Sugar stocks surged again. Where will the profits land?]]></title>
            <description><![CDATA[Sugar stocks surged on 13 October even as mill profit lags. A MoneyMeister investigative look at crops, policy, recovery and valuation.]]></description>
            <link>https://moneymeister.in/article/sugar-cycle-repricing-mill-profits-20261020-114019-1000544</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 11:40:19 GMT</pubDate>
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        <item>
            <title><![CDATA[Indian IT's reversal: who captures the AI dividend?]]></title>
            <description><![CDATA[HCLTech's earnings rally highlights rising AI revenue and bookings, while modest organic growth leaves the industry's productivity dividend unproved.]]></description>
            <link>https://moneymeister.in/article/indian-it-reversal-ai-dividend-20261020-095625-1000543</link>
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            <category><![CDATA[Research]]></category>
            <dc:creator><![CDATA[ARDEKO Research]]></dc:creator>
            <pubDate>Tue, 20 Oct 2026 09:56:25 GMT</pubDate>
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