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Intel invests $253 million in India’s Reliance Jio Platforms
Intel Capital, the investment arm of chipmaker Intel, has invested $253 million in India’s Reliance Jio in exchange for a 0.39% stake. This is the 12th investment in Reliance Jio... Read More
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How to deal with your financial fears
The best option is to not invest directly through stocks, but via mutual funds. If you do want to trade in shares, do not follow tips from friends and family... Read More
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Amazon to include 10k EVs in delivery fleet by '25
E-commerce major Amazon India on Monday said its fleet of delivery vehicles in the country will include 10,000 EVs by 2025. Amazon's rival, Flipkart had in June last year said... Read More
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'India's Mideast oil imports falls to 4-year low'
India's imports of Middle Eastern oil plunged to a four-year low in 2019, tanker data obtained from sources shows, as the energy-hungry nation diversifies its supplies to cut costs and... Read More
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Budget 2020: Things to know about 'halwa' ceremony
The official printing of the Union Budget 2020 documents starts with the 'halwa'-making ceremony. As part of the ritual, 'halwa' is prepared in a big 'kadhai' (large frying pot) and... Read More
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I-T searches premises of Lalit hotels promoter
The income tax (I-T) department has launched searches at multiple locations of the Bharat Hotels Limited group and a leading automobile dealer in connection with a tax evasion probe, officials... Read More
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We are cannibalising our own business: TCS COO
"The right thing for us to do is to disrupt ourselves. Revenue cannibalisation is integral to our growth strategy. If we don’t disrupt ourselves somebody else will,"TCS COO NG Subramaniam... Read More
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Too small to retaliate against India: Malaysian PM
Malaysia is too small of a nation to respond to India's boycott of palm oil with trade retaliation, Prime Minister Mahathir Mohamad said on Monday. "We are too small to... Read More
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'India's richest own 1% more than 4X of 70% poor'
India's richest 1 per cent hold more than four-times the wealth held by 953 million people who make up for the bottom 70 per cent of the country's population, while... Read More
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'Govt must reveal real fiscal deficit in Budget'
Amid calls for easing the fiscal deficit target to boost spending and accelerate growth, experts, including NITI Aayog, have urged the government to be transparent in revealing the actual deficit... Read More
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Sitharaman hints at status quo on GST rates
Union finance minister Nirmala Sitharaman on Sunday said she had sought an assessment of the full year collection of GST before rationalising rates, indicating that a proposal by a panel... Read More
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'1m jobs shouldn’t come at cost of several more'
"We value the one million jobs that are going to be created but that should not be at the cost of several million jobs that may be lost because their... Read More
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Govt moves to limit duty-free alcohol to 1 bottle
The commerce and industry ministry has proposed to reduce the number of alcohol bottles and cigarette packets that a passenger can buy at duty-free outlets when returning from an overseas... Read More
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'Announce convergence of all corp tax rates to 15%'
The Confederation of Indian Industry has urged the Centre to converge multiple corporate tax rates to 15 per cent by April 2023 without any exemptions, and make the announcement in... Read More
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Announce convergence of all corporate tax rates to 15% in Budget: CII
The Confederation of Indian Industry has urged the Centre to converge multiple corporate tax rates to 15 per cent by April 2023 without any exemptions, and make the announcement in... Read More
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HK airline forces passenger to take pregnancy test
A Hong Kong airline forced a Japanese woman to take a pregnancy test before allowing her on a flight to a Pacific island Saipan popular with mothers seeking US citizenship... Read More
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Too many obstacles to do biz in India: Chandra
India is fraught with micromanagement and suspicion, and upping the growth trajectory requires removing the obstacles that impede businesses, Tata Sons chairman N Chandrasekaran said. "We need to reimagine our... Read More
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Piramal sells health insight biz to US co for $950m
Piramal Enterprises (PEL) is divesting its healthcare insights and analytics business — Decision Resources Group (DRG) — to US-based Clarivate Analytics for $950 million (around Rs 6,500 crore). PEL had... Read More
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India 2nd largest in the world for app downloads
At 19 billion, app downloads in India in 2019 grew a whopping 195% from 2016 compared to worldwide growth of 45%. Download growth in the US was just 5% during... Read More
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All investment as per rules welcome: Piyush Goyal
A day after he said e-commerce giant Amazon was not doing India a favour by investing $1 billion here, commerce & industry minister Piyush Goyal on Friday said the government... Read More
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In relief for homebuyers, govt to take over Unitech
In a major relief to around 30,000 homebuyers, the Centre agreed to take over troubled real estate giant Unitech to streamline the management of the company which is in a... Read More
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Mallya lets French mansion rot, lender charges
Vijay Mallya’s palatial island home boasts 17 bedrooms, a cinema, private helipad and even its own nightclub. But one of the banks suing him for unpaid debts allege Mallya let... Read More
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RIL net profit rises 13.5% to Rs 11,640 cr in Q3
Reliance Industries (RIL) on Friday reported a 13.5 per cent rise in its consolidated net profit for the third quarter (Q3) ended December 2019 -- on the back of continued... Read More
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Forex reserves rise to record high of $461.21bn
The country foreign exchange reserves rose by $58 million to reach a life-time high of $461.21 billion in the week to January 10, according to the RBI data. In the... Read More
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TCS reports net profit of Rs 8,118 crore in Q3
The country's largest software exporter Tata Consultancy Services on Friday posted a marginal 0.16% increase in its net profit for Q3 ended Dec 2019. The company reported a net profit... Read More
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Great Wall Motors to acquire GM's Talegaon plant
Chinese automaker Great Wall Motor has agreed to buy General Motors' (GM) car plant in Maharashtra, two sources aware of the matter said, setting in motion its plan to build... Read More
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India's import curbs big blow to Malaysian palm oil
India’s move to restrict palm oil imports from Malaysia will create a huge challenge for the world’s second biggest producer of the edible oil. India has been Malaysia’s top import... Read More
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HDFC Bank Q3 net profit up 33% on loan growth
HDFC Bank Ltd, India's largest private lender, on Saturday posted a nearly 33% jump in standalone net profit for the quarter to December helped by growth in its loans portfolio. Read More
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$5tn eco goal difficult, not impossible: Gadkari
Union road transport and highways minister Nitin Gadkari said on Saturday that the goal of making India a $5 trillion economy by 2024 was "difficult but not impossible". Read More
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WEF 2020 in Davos: Goyal to lead Indian delegation
Commerce minister Piyush Goyal will lead the Indian delegation to the 50th World Economic Forum at Davos from January 20 to 24. Goyal will also participate in an informal WTO... Read More
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Former MD of PMC Bank sent to police custody till October 17
Former Managing Director of Punjab and Maharashtra Cooperative (PMC) Bank has been sent to police custody for 12 days till October 17 after he was produced in the Mumbai magistrate... Read More
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Markets ride exit polls euphoria: Sensex up 1442 points, sees biggest one-day rise in 6 years
Riding a wave of optimism, the Sensex Monday vaulted 1,422 points to close at a record 39,352.67 as investors cheered the exit polls predicting a clear mandate for the Narendra... Read More
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Rakesh Gangwal is not seeking control, says IndiGo
In a bid to dispel speculation and to curtail the rumour mills on the alleged rift between two IndiGo promoters Rakesh Gangwal and Rahul Bhatia, Interglobe Aviation Ltd or IndiGo... Read More
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Jet’s revival hope sinks as lenders struggle to find investor
Mumbai-based airline Jet Airways hit another roadblock on Tuesday after four senior officials including the company's CEO Vinay Dube resigned. Meanwhile, the lenders of Jet Airways now face a stringent... Read More
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ITC chairman YC Deveshwar passes away at 72, PM Modi expresses grief
ITC Executive Chairman and CEO YC Deveshwar passed away at the age of 72, after suffering from a prolonged illness. YC Deveshwar was at the helm of ITC for the... Read More
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It’s official, Anil Ambani-led RCom is bankrupt
The National Company Law Tribunal on Thursday admitted Anil Ambani-led Reliance Communications (RCom) for insolvency as it upheld the company's plea to exclude 357 days spent in litigation to get... Read More
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Indians buy 23 tonne gold on Akshaya Tritiya
Indians bought 23-tonne gold on the occasion on Akshaya Tritiya this year, a rise of four tonnes as compared to the previous year, said Surendra Mehta, National Secretary of the... Read More
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Jet Airways pilots move Supreme Court on lack of funding
Jet Airways' pilots' union has filed an appeal in the Supreme Court asking it to direct the State Bank of India to release interim funding to the grounded airline. Jet... Read More
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Charts suggest a steep surge in Nifty after Lok Sabha polls
If technical charts are to be believed, a steep surge after the general election is on the cards, very similar to the one markets witnessed after the UPA came to... Read More
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Raj Kapoor’s iconic RK Studios goes to Godrej Properties
Godrej Properties Ltd (GPL) on Friday said it has bought Mumbai's iconic RK Studios in Chembur for an undisclosed amount. The famous RK studios was founded by legendary film actor... Read More
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Activists want PepsiCo to compensate farmers for harassment
Aday after PepsiCo announced that it would withdraw cases filed against the potato farmers in Gujarat, activists and farmer leaders on Friday said the company must do it unconditionally and... Read More
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Amrapali’s lawyers given flats and penthouses as fees: Forensic auditors to SC
In yet another startling revelation, the embattled Amrapali Group gave away flats and penthouses as fees to lawyers representing it at various judicial forums, forensic auditors informed the Supreme Court... Read More
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Sebi orders do not affect functioning as an exchange, says NSE
Aday after Sebi passed orders against it in the co-location case, National Stock Exchange said on Wednesday the orders do not affect its functioning as a recognised stock exchange. The... Read More
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Videocon-ICICI loan: ED grills brother-in-law of Chanda Kochhar for third day
The Enforcement Directorate (ED) grilled Rajiv Kochhar, the brother-in-law of former ICICI bank chief Chanda Kochhar, for the third consecutive day in connection with the Videocon-ICICI bank loan case. Rajiv... Read More
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Jet employees’ consortium writes to SBI, seeks permission to bid for crisis-hit airline
As uncertainty continues over the fate of the shuttered Jet Airways, an employees' consortium has proposed to take over the airline with at least Rs 3,000 crore expected from outside... Read More
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What political leaders invest in: Mutual funds, Reliance shares and even Kingfisher Airlines
Fixed deposits and tax-free bonds seem to be among the most favoured financial investments for the political leaders fighting the 2019 Lok Sabha polls, while mutual funds and stocks also... Read More
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Damned if you do, damned if you don’t: Vijay Mallya lashes out at banks
Soon after over 74 lakh shares held by absconding businessman Vijay Mallya in United Breweries Holdings Limited (UBHL) were sold for over Rs 1,000 crore on Wednesday, he attacked PSU... Read More
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Sale of UBHL shares of Mallya fetch Rs 1,008 cr: ED
The sale of shares, held by absconding businessman Vijay Mallya in United Breweries Holdings (UBHL) Limited, by the Debt Recovery Tribunal has fetched Rs 1,008 crore, the ED said Wednesday.... Read More
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Karnataka government bans Ola Cabs for 6 months
The license of Ola Cabs in Karnartaka has been suspended for six months. The Karnataka government's transport department suspended app-based Ola Cabs's aggregator license for half a year. The order... Read More
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Jet Airways on verge of collapse, help us get pending salaries: Pilots write to PM Narendra Modi
The pilots of financially-strapped Jet Airways have urged Prime Minister Narendra Modi and Civil Aviation Minister Suresh Prabhu to intervene and instruct the management to release their pending salaries. "We... Read More
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Difficult for government to maintain 3.4% fiscal deficit in 2019-20: Moody’s
Observing that Indian government's debt is "stubbornly high" as a percentage of GDP, Moody's Investors Service Managing Director, Sovereign Risk Group, Gene Fang said it could be brought down only... Read More
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Arun Jaitley hints absence during Parliament debate on interim budget
Union Minister Arun Jaitley may not return to India in time to reply on the interim budget debate in the Parliament. Union Minister Arun Jaitley Sunday said his medical treatment... Read More
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Why Friday’s bank strike doesn’t mean all banks will remain closed
Bank employees -- including non-PSU banks -- not affiliated to association that gave strike call, are expected to work as usual. If you were losing your sleep over important banking... Read More
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Govt banks to get Rs 83,000 crore boost in upcoming months: Finance Minister Arun Jaitley
He said the move will increase the lending capacity of public sector banks and help some of them to come out of RBI's watchlist which imposes restrictions on their lending... Read More
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Sensex slumps almost 700 points as global weakness spooks investors
Key Indian stock market indices on Friday (December 21) fell sharply as investor sentiments dipped due to weaker global cues triggered by overnight weakness on Wall Street. BSE Sensex closed... Read More
