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Profits earned by Chinese industrial companies declined 8.8 percent in August from a year earlier due to rising costs and persistent falling prices, official data showed on Monday, adding to signs of weakness in the world’s second largest economy.

In a major relief to the Sun Group, the Madras High Court on Thursday directed the Centre to allow the embattled group to participate in mock auctions to renew FM licences as well as regular auctions commencing from July 27.