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Due diligence: On surrogate advertising
Curbs on surrogate advertising must avoid regulatory overreach
No takers: Public sector banks put 39,000 cr of bad loans up for sale again
Public sector banks offered many bad loans previously for sale. Nearly eighty percent of these loans were repeat sale attempts. Indian Overseas Bank and Indian Bank led these repeated offerings. Private sector banks showed a sharp contrast with few repeat sales. This highlights challenges in selling large legacy corporate accounts.
Indian companies have long played a major role in Dubais economy, with nearly 82,000 active Indian businesses registered with the Dubai Chamber of Commerce by end-2025. Rising bilateral trade and the India-UAE CEPA are deepening ties, while Dubais infrastructure, capital, talent and connectivity offer Indian firms a platform for global expansion.
LG Energy, once fixed on EV batteries, jumps to Plan B
LGENERGYSOLUTION-BATTERIES/STORAGE (CORRECTED, PIX):CORRECTED-LG Energy, once fixed on EV batteries, jumps to Plan B
SMBC investment strengthens Yes Bank's institutional positioning: Lender
SMBC's 24.9 per cent stake brings strategic value through enhanced corporate banking capabilities, governance practices, risk management and cross-border opportunities
KOZYNAP Accelerates Retail Expansion with Fully Customized Sleep Solutions
Kolkata (West Bengal) [India], August 19: Building on its rapidly expanding retail and hospitality presence, KOZYNAP, one of East India's fastest emerging mattress brands, is now entering its next phase of growth, strengthening its manufacturing ecosystem while expanding its footprint across India and preparing to enter newer international markets.
CBI books Gensol, BluSmart founders over alleged 672 crore loss
The CBI has registered a case against Gensol Engineering Ltd and the founders of BluSmart EV taxi service, Anmol Singh Jaggi and Puneet Singh Jaggi, over causing alleged loss of over Rs 672 crore to IREDA, officials said Wednesday. The action comes on a complaint filed by The Indian Renewable Development Agency (IREDA), which had alleged that it extended loans to Gensol Engineering Limited and its subsidiary, Gensol EV Lease Limited, for procuring Electric Vehicles for the BluSmart EV ride-hailing service, the FIR said. No immediate reaction was available from the companies or other accused persons. It alleged that funds were misappropriated and diverted for purposes other than those they were sanctioned for, resulting in a loss of Rs 453.77 crore on account of Gensol Engineering Limited and Rs 218.97 crore on account of Gensol EV Lease Limited, excluding interest and other applicable charges. Based on the complaint, the CBI registered a case against Gensol Engineering and its ...
Used car loans grew faster than auto loans in last five years despite higher stress: Report
Used car financing grew faster than auto loans over five years. The used car finance portfolio reached Rs 1.3 lakh crore by June 2026. Auto loans portfolio grew to Rs 9.9 lakh crore during the same period. Financiers funded used cars despite facing higher stress levels. Overall asset quality in the wheels finance segment is now stabilising.
Navis UPI growth fuels NBFC arms loan expansion
Navi Finserv plans to explore segments such as merchant financing and loans against mutual funds, says MD and CEO Abhishek Dwivedi.
SEBI fines two firms 3.7 crore for CAS manipulation
SEBI charged Copthall Mauritius Investment and Mansi Share and Stock Broking Private Limited as they manipulated the markets during the newly introduced closing auction session
Amazon 1 lakh fine: CCPA flags sale of sweets as Shri Ram Mandir Ayodhya Prasad
The CCPA said the phrase Shri Ram Mandir Ayodhya Prasad has a specific religious meaning for devotees, referring to food offered to and blessed by the deity at the Ram Mandir in Ayodhya.
Moderna co-founder Robert Langer is a billionaire once again as stock more than doubles
Moderna shares surged as much as 156% to about $161 on Wednesday after the company and Merck reported positive results from the first late-stage trial of an mRNA-based cancer therapy.
What is industry? Nine-judge Supreme Court Bench to pronounce verdict on terms ambit
U.P., Maharashtra, Punjab sought relook at 1978 judgments expansive definition of industry, which only excluded core sovereign activities; Bench considering whether state enterprises, schemes are industrial activities
Zulu Defence bets on integrated drone systems, scales up for global demand
Nagendran Kandasamy, Co-founder and CEO, announced plans to relocate from a 15,000 sq ft facility to a 45,000-50,000 sq ft unit to support expansion
Marvell Tech gives Google right to buy up to $12.2 billion in shares
Google may purchase up to nearly 59 million Marvell shares at a price of $206.58 apiece, Marvell said Wednesday in a regulatory filing.
Google Pixels reported exit from China to bring new tides to Indias manufacturing market
The move can help in putting India at the centre of Googles future hardware expansion plans in the AI age
Sweet Karam Coffee posts double digit m-o-m growth in Mumbai market
The company announced strong demand in the city for products like Andhra Spicy Murukku and Ghee Mysore Pak
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities extended losses for a seventh session as rising oil prices and US-Iran tensions heightened risk aversion. Nifty fell to 24,078, while Sensex declined 326 points. Analysts flagged 24,000-24,050 as crucial support, with weak breadth favouring bears.
Mahindra Lifespaces signs pact for housing society redevelopment in Chembur
The project covers 11,241.7 square metres across seven plots and involves redevelopment of nine existing buildings housing 133 members within 60 months
CtrlS, an Indian data centre firm, secured 250 crore from Nikhil Kamath and Sreeram Reddy Vanga to expand its infrastructure amid rising demand for AI and cloud services.
Sebi flags manipulative trades during CAS on Sensex expiry day, fines two entities
Sebi issued an interim order against Copthall Mauritius and Mansi Share and Stock Broking for manipulative trading during the August 13, 2026, Closing Auction Session. The regulator impounded Rs 3.67 crore in alleged wrongful gains from these two entities.
RBI deputy governor Murmu calls for focus on meaningful financial inclusion
Banks must measure financial inclusion by effective usage and informed decisions. Technology shifts and consumer behavior necessitate responsive banking systems. Digital inclusion deepens, and AI helps recognize capability across diverse groups. Institutions need skilled people to challenge models and oversee external providers. Prudence requires pooled intelligence and credible alternatives for system resilience.
Isthmus 44 sees untapped opportunity in Indias ultra-premium whisky market
Isthmus 44,operatedunder Tartan Paisley Bev Private Limited, is one of Indias first independent bottlers and curatorial houses for single cask Scotch whisky
Crackdown on food companies led to corrective action, accountability: FSSAI
Regulatory oversight continues to drive accountability across the food industry to protect consumer interests, it noted in a recent Instagram post
Navi raises $100 million from Prosus ahead of FY27 IPO filing
Navi said the new funds will be used to fuel its next phase of growth as the fintech prepares to file fresh documents for IPO
Swiggys inventory-led shift could give Instamart another margin lever as quick commerce gets tougher
Swiggys shareholders, on August 18, approved a 49.5 per cent cap on aggregate foreign ownership
Goldman Sachs backs D-street debutante Shiprocket, buys over 40 lakh shares
Shiprocket debuted on the NSE at 131, a 35% premium, closing at 143.10. Goldman Sachs India EQ Portfolio acquired 40.24 lakh shares post-listing. Analysts advise investors to book partial profits while holding remaining shares for long-term growth.
Investors making bigger bets on Indias health supplements sector
According to Traxcn data, equity funding for supplements companies stood at $70 million for 2026 (YTD)
BSE looks to launch MSCI-linked futures and options in India
BSE has partnered with MSCI to explore futures and options contracts linked to MSCI indexes in India, subject to regulatory approvals. The move could broaden BSEs derivatives offerings, strengthen index-based investing and provide investors additional tools to hedge India exposure.
Texas's popular Rio Red grapefruit originated from radiation-induced mutations in 1984. This variety, developed at Texas A&M University, offered vibrant pink flesh and improved hardiness. Early atomic research explored radiation's potential to alter living organisms and create beneficial mutations.
Quote of the day by Epicurus, He who has peace of mind disturbs neither himself nor another, explains how inner calm can affect daily life. The quote connects peace of mind with managing worry, desire, fear, anger and conflict. It also offers life lessons about self-kindness, contentment, friendship, external harmony and avoiding actions that disturb others around you.
Yale researchers tracked 3,635 adults aged 50 and older over a twelve-year study. Their findings showed that regular book readers had a 23 percent lower mortality hazard. Active book readers reached an 80 percent survival milestone 23 full months later than non-readers. Deep cognitive engagement from daily reading strengthens brain function over time. Reading books regularly remains one of the most effective habits for living a longer life.
Commerce minister Piyush Goyal leads 70-member business delegation to Singapore
Commerce Minister Piyush Goyal is leading a large delegation to Singapore. This visit aims to strengthen trade and investment ties between the two nations. The delegation includes representatives from various key sectors like technology and finance. Singapore remains India's largest source of foreign direct investment. Bilateral trade has significantly expanded following a cooperation agreement.
A 1,300-year-old shipwreck off Croatia's Mljet island revealed over 600 grams of gold. This significant discovery includes a signet ring possibly linked to Emperor Heraclius. Gem-encrusted belts and coins bearing four emperors' names were also recovered. The vessel sank during a challenging period for the Byzantine Empire. This find offers a rare glimpse into maritime activity and elite life.
Jammu and Kashmir Chief Minister Omar Abdullah criticized the growing use of Gen Z as a threat. He stated this rhetoric could undermine goodwill associated with the younger generation. Abdullah compared the phrase to an old saying about parental influence. Using generational identity as a threat is counterproductive and damaging. This warning comes amid discussions on tourist treatment in Jammu and Kashmir.
Mumbai (Maharashtra) [India], August 19: In 1978, a single outlet in Bandra opened its doors with a simple promise: authentic Mughlai food, made without shortcuts. Fifty years, four outlets and a fifth in the pipeline later, that promise has made Persian Darbar one of Mumbai's most enduring names in Mughlai cuisine - and one that has never once turned to a franchise model to grow.
Only 1 in 15 Indians with active smartphone protection, even as 72% report damage
Average device prices in India have risen 4050 per cent in recent years, and the replacement cycle has stretched to approximately 40 months
Quick-commerce discounts settle at 19-20% as new entrants eye 1,200-1,500 dark stores
Indias quick-commerce sector is entering a more disciplined phase, with platforms increasingly balancing growth with profitability even as the entry and expansion of deep-pocketed e-commerce rivals raises the competitive bar
Novonesis to roll out 3,000-crore Maharashtra investment over next 24-36 months
Danish bio-solutions major Novonesis will begin rolling out its proposed 2,500-3,000 crore Maharashtra investment over the next two to three years, expanding its Patalganga manufacturing base
Delhi HC seeks Beco's response in disparagement suit filed by HUL
HUL alleges Beco's advertising campaign disparaged Surf Excel and Vim by linking chemicals in the products to skin irritation and allergies; court seeks response
Marvell shares jump 12% as Google eyes $12.2 billion stake in AI chip deal
Marvell shares surged 12% after Google secured the right to buy up to $12.2 billion in shares under an expanded AI chip deal.
The department of consumer affairs has been examining complaints registered through the National Consumer Helpline alleging defects in the smartphones including lines appearing on the screen.
Rs 3 crore to Rs 4,925 crore: Sebi order gives details on Dhenu Buildcon market cap surge
Sebis interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into equity. Despite negligible revenue, its market cap surged to Rs 4,925 crore. The regulator ordered restrictions while investigations continue.
Hindustan Zinc raises green power share to 22% of total consumption
Hindustan Zinc targets to achieve 70% of its overall power requirements through renewable energy by FY28
First Coffee raises $1.3 million from Japanese VC firm
The funds will be used to accelerate store expansion, build the corporate team, strengthen brand value and invest in product development
Notebook imports go up by 5 times in first half
Domestic industry calls for 10 per cent % safeguard duty to provide a level-playing field
IndiGo reservation platform issues disrupt some bookings, check-in
India's largest airline IndiGo said on Wednesday it was experiencing intermittent issues with its core reservation platform, as some customers faced problems booking tickets and checking-in online.
Proofpoint sets up Hyderabad CoE amid India expansion; to hire 200+ engineers
The company currently has about 100 employees in India, in addition to more than 550 extended team members at its Pune CoE
Wheels India Board approves preferential issue of 180 crore
Also approves enhancement of fundraising limits approved by the members of the company from 400 crore to 450 crore
Indian women set to inherit 73 lakh crore, but only 23% have a wealth transfer plan
Wealth creation emerged as the primary investment objective for 86 per cent of respondents, challenging the long-held assumption that women investors tend to be more conservative
Siguler Guff raises $500 mn fund to invest in India's mid-market firms
The fund will focus on high-growth, founder- and family-owned businesses benefiting from domestic consumption across consumer, health care, financial services and technology
EID Parry eyes quarterly break-even in CPG business in 4-5 quarters
The absolute margin pool has grown given the companys focus on a more margin-accretive product mix
VW to select India partner this yr to share risk, drive growth: Skoda CEO
Volkswagen expects to sign a deal with a local partner in India this year, the CEO of its Skoda brand, Klaus Zellmer, said, as the German group struggles to build scale in the Indian car market.
The capital will support CtrlSs infrastructure expansion and capacity build-out to meet growing enterprise and hyperscaler demand across India
VC fund Caret Capital invests Rs 12 crore in Yantra Packs
Yantra Packs secured Rs 12 crore in seed funding from Caret Capital. This capital will fuel expansion across India and enhance technology capabilities. The company aims to scale its reusable packaging assets for enterprise customers. Yantra Packs offers reusable packaging solutions as a service to businesses. Their platform Trakkia provides crucial asset tracking and supply chain visibility.
RBI noted in its monetary policy minutes that as of June 2026, fuel inflation has remained modest because the sharp spike in international energy prices has had limited pass-through to domestic retail prices. CPI inflation has crossed the 4% target by small margin. However, core inflation was still below 4%. Core inflation excluding precious metals remained much lower at 2.5 per cent. These numbers suggest limited pass-through so far of the terms-of-trade shocks (due to a sharp escalation in crude prices and a weakened INR) the economy experienced over the last two quarters.
Reserve Bank of India (RBI) released minutes of sixty second meeting of the Monetary Policy Committee (MPC) held during August 3 to 5, 2026 today. MPC member Nagesh Kumar noted that the Indian economy has displayed remarkable resilience in the face of challenging headwinds stemming from the ongoing conflict in West Asia, especially the volatility in crude oil prices, trade policy uncertainties, and agricultural risks arising from El Nio affecting the monsoons. The concerns arising from the West Asia conflict and the blockade of the Strait of Hormuz have not receded, even as India has made efforts to deal with the situation by diversifying the sources of supply. Trade policy uncertainties have been aggravated.
Healthy forex inflows to support INR stability: RBI minutes
RBI notes in the minutes of its August monetary policy that RBI has built a substantial dollar cushion to defend rupee. The central bank stated that the June 05th joint package of reforms by the RBI and the Ministry of Finance has received enthusiastic responses. In response to these incentives, as of July 31, 2026, a total of $36.725 billion has already been received under the FCNR(B) swap facility. Additionally, the bond market has witnessed healthy Foreign Portfolio Investment inflows through FAR. These forex inflows will support INR stability and help limit the impact of imported inflation, RBI stated.
INR slips further amid sharp rise in global crude oil prices and negative local equities
The Indian rupee fell 2 paise to close at 95.76 (provisional) against the US dollar on Wednesday as a sharp rise in global crude oil prices amid heightened tensions in West Asia kept markets on edge. A sharp decline in domestic equity markets put further pressure on the local unit, while possible RBI intervention and foreign fund inflows lent support. Local shares ended lower on Wednesday to extend losses for a seventh straight session as elevated oil prices and rising global bond yields amid an apparent impasse in Middle East peace talks dented investors' appetite for riskier assets. The BSE Sensex dropped 325.78 points (0.42%) to close at 76,909.68, while the Nifty 50 shed 76.60 points (0.32%) to finish at 24,078.30. At the interbank foreign exchange, the rupee opened at 95.72 and traded in a very narrow range of 95.72-95.76. It eventually settled at 95.76 (provisional), down 2 paise from its previous close.
Horizon Industrial Parks (HIPL) IPO subscribed 1.45 times
The offer received bids for 36.37 crore shares as against 25.13 crore shares on offer.
Lalithaa Jewellery Mart IPO subscribed 62.97 times
The offer received bids for 395.21 crore shares as against 6.27 crore shares on offer.
FDA temporarily suspends CEAT's license to procure Methanol
The Suspension order is yet to be effective. The Company has made alternate arrangements to procure Methanol in compliance with the applicable Rules. The issues raised in the suspension order have already been addressed. Accordingly, no material adverse impact is anticipated on financial position, operations, or overall business activities.
Indian equities extended losses for a seventh session, with Nifty falling 0.32% and Sensex 0.42% ahead of US FOMC minutes. IT stocks gained, but broader markets weakened. Analysts flagged 24,000 as crucial Nifty support amid persistent sell-on-rallies sentiment.
Tech holds the crown, but defensive positioning grows: BofA survey
Technology remains investors top choice, but Asia fund managers are turning defensive, with 59% hedging AI downside through value, cyclical and defensive sectors. Asia ex-Japan optimism rose, while Japan exposure remains concentrated in banks and semiconductors amid policy expectations and weaker semiconductor sentiment.
Hyundai Motor India to hike vehicle prices by up to 1% from September
Hyundai Motor India said on Wednesday it will increase vehicle prices by up to 1% across its portfolio from September this year, with the extent of the hike varying by model and variant.
Crompton targets 250-300 crore revenue from super-premium Rhion brand
CFO says Rhions debut product, Water Biofier, will initially be piloted in select Tamil Nadu cities and Bengaluru before scaling to other locations
Crompton targets 250-300 crore revenue from super-premium Rhion brand
CFO says Rhions debut product, Water Biofier, will initially be piloted in select Tamil Nadu cities and Bengaluru before scaling to other locations
India's SpiceJet bankruptcy cases to be reheard in setback for lessors
The National Company Law Tribunal had prepared a judgment covering eight petitions against SpiceJet, but said the withdrawal of one of the petitions following the settlement meant the ruling needed to be rewritten
India's SpiceJet bankruptcy cases to be reheard in setback for lessors
The National Company Law Tribunal had prepared a judgment covering eight petitions against SpiceJet, but said the withdrawal of one of the petitions following the settlement meant the ruling needed to be rewritten
Hyundai Motor India to raise car prices by up to 1% from September
The latest increase marks Hyundais third price hike announcement of 2026
Onida announces settlement agreement with workers' union at Wada factory
Onida Electronics announced that an understanding has been reached between the Company and one of the permanent workers' unions representing the majority of workers employed at the Company's factory situated at Kudus, Wada, Palghar District, Maharashtra, for mutual settlement.
Benchmarks extends slide as crude, geopolitical risks keep investors cautious
Key benchmark indices extended their losing streak on Wednesday as elevated crude oil prices, higher global bond yields and persistent geopolitical uncertainty kept investors cautious. The Nifty settled below the 24,100 level. The broader market remained under pressure, with both midcap and smallcap indices ending lower. Most sectoral indices closed in the red, led by weakness in defence and energy stocks, while IT shares bucked the trend and gained amid bargain hunting. Brent crude remained elevated near $92 a barrel as uncertainty over the US-Iran conflict and the Strait of Hormuz kept supply concerns in focus.
Quick Wrap: Nifty Energy Index falls 1.18%
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B-Right Real Estate Outlines Vision 2033
Mumbai (Maharashtra) [India], August 19: B-Right Real Estate Group outlined its long-term roadmap at its Vision 2033 event, with the company sharing plans to develop approximately 4.7 million sq. ft. of real estate in Mumbai by 2033. The company reiterated that its future growth will remain focused on Mumbai, where it has built its presence around redevelopment-led projects.
HUL moves Delhi HC against Beco parent over Surf Excel, Vim ad campaign
Hindustan Unilever approached the Delhi High Court against Kwick Living (I) Private Limited over advertisements targeting Surf Excel and Vim, alleging product disparagement and trademark infringement
Japanese shares slide as tech selloff deepens
The decline was led by semiconductor and technology stocks, following heavy selling in AI-related chipmakers on Wall Street overnight. Rising global bond yields and higher oil prices also weighed on investor sentiment. Japan's 10-year government bond yield reached a 30-year high this week, adding to concerns about borrowing costs.
Chinese stocks fall sharply as chipmakers lead selloff
The selloff was led by semiconductor stocks. Rising government bond yields, persistent inflation, high fiscal spending and heavy debt issuance have increased concerns about borrowing costs. Geopolitical tensions and fears of energy supply disruptions added to worries that inflation could stay high.
The UK pension pot question: Why 2026-27 is the year to decide
Starting April 2027, UK pension pots will be subject to inheritance tax, prompting a reevaluation of legacy planning strategies. For Indians holding UK pensions, transferring them to Indian QROPS before this deadline becomes vital. This process involves specific forms and an exact completion sequence. Indian pension schemes present a variety of investment options tailored to different risk profiles.
Escorts Kubota to set up new plant in UP for 2,000 cr
Escorts Kubotas UP plant to be one of its largest manufacturing facilities across the globe
AI in finance: From crunching numbers to making decisions, how far can it go?
Artificial intelligence is increasingly assisting in financial tasks and decision-making. Organisations report improved decision quality and faster processing with AI integration. Routine finance work like bookkeeping is being automated by AI systems. However, complex decisions still require human judgment and professional expertise.
Expect to create 6,440 jobs via 1,166 crore investment on 2 units in YEIDA: Spark Minda
The two new units at Sector-10 and Sector-24, YEIDA, extend that same Gautam Buddh Nagar industrial cluster rather than starting a footprint from scratch
Market ends lower; Nifty settles below 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex dropped 325.78 points or 0.42% to 76,909.68. The Nifty 50 index lost 76.60 points or 0.32% to 24,078.30. The Sensex declined 1.49% in four consecutive trading sessions, while the Nifty fell 2.05% in seven consecutive trading sessions.
Govt eyes foreign capital inflows, deeper corporate bond mkt: Alok Tiwari
DEA Joint Secretary Alok Tiwari says the government is working to attract overseas capital and improve depth, liquidity and participation in corporate bonds
EPSRR, Axton Capital in pact to develop F&B concept in Sri Lanka, Oman
The companies plan to collaborate via J M Robertson & Company Limited, a subsidiary of Axton, to develop and expand F&B concepts in both markets
Oil India vs ONGC vs OMCs: What JM Financials $80 Brent call means for oil stocks
Brent crude may stay near eighty dollars a barrel for twelve months. Analysts favor Oil India and ONGC due to expected earnings growth. Oil India's refinery capacity expansion will drive future output increases. Oil marketing companies face pressure from lower integrated gross margins. Valuation and earnings concerns persist for HPCL, BPCL, and IOCL.
Novo Nordisk tests low-dose Wegovy pill in new weight-loss study
The study reflects growing interest in lower-dose obesity treatments as patients balance weight-loss benefits, costs and potential side effects
BCCL stops mining at New Akashkinaree Colliery in Dhanbad after DGMS directive
DGMS revoked permission under the Coal Mines Regulations, 2017, effective August 17, 2026, due to safety concerns from land subsidence
Vedanta invests over $1 billion in net-zero transition initiatives in FY26
Mining major Vedanta on Wednesday said it invested more than USD 1 billion in net-zero transition initiatives in FY26, with renewable energy, lower-carbon fuels, energy efficiency and technology-led interventions driving its decarbonisation efforts. As part of this transition, the group's renewable energy utilisation went up 52 per cent year-on-year to 4 billion units (400 crore units) in 2025-26, equivalent to the annual electricity consumption of around 3 crore Indian households. Vedanta now has nearly 2,000 MW of installed and contracted renewable energy capacity and is targeting 2.5 GW round-the-clock renewable energy capacity by 2030. These initiatives, alongside other decarbonisation interventions, helped avoid approximately 3 million tonne of carbon dioxide equivalent emissions in 2025-26, while greenhouse gas emissions intensity across the group's metals and mining production declined by approximately 14 per cent from the 2020-21 baseline, the company said in a ...
Rahul Gandhi supports tribals protesting the Ken-Betwa river-linking project. He will visit the protest site to pressure the government. Tribals claim the project will displace thousands and harm the Panna Tiger Reserve. They allege administrative harassment and seek parliamentary intervention. Gandhi pledged his and Congress's solidarity with the affected communities.
Pound near three month high, GBP/INR approaches 130 mark
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