Business
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Axis Bank raises Rs 10,000 cr via allotment of equity shares to QIBs
New Delhi: Private sector lender Axis Bank on Tuesday said it has raised Rs 10,000 crore through allotment of equity shares to qualified institutional buyers (QIB). Amid the COVID-19 pandemic,…
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Sensex up 270 points; metal, FMCG stocks surge
Mumbai, Aug 11 : The key Indian equity indices traded on a positive note on Tuesday morning, with the BSE Sensex trading over 270 points higher. Healthy buying was witnessed…
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Sensex up 300 points, Nifty above 11,300 mark
Mumbai, Aug 10 : The key Indian equity indices traded on a positive note on Monday morning with the BSE Sensex gaining over 300 points. Healthy buying was witnessed in…
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OMCs hold fuel prices, diesel price same for 9th day
New Delhi, Aug 9 : Oil marketing companies (OMCs) continued to keep automobile fuel prices unchanged on Sunday, with diesel prices across the four metros remaining untouched for the ninth…
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Uber suffers $1.78bn loss in second quarter due to COVID
California: Uber, an American ride-hailing company lost $1.78 billion in the second quarter as millions stay home to reduce the spread of the coronavirus. The company brought in $2.24 billion…
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Rupee settles nearly flat at 74.93 against US dollar
Mumbai: The rupee ended almost flat at 74.93 against the US dollar on Friday due to a caution prevailing in the forex market in view of mounting coronavirus cases and US-China…
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Equities close flat after a choppy session, Asian Paints up 4.6 pc
Mumbai: Equity benchmark indices ended flat after an extremely volatile trading session on Friday as the country’s coronavirus infections crossed 20 lakh mark. That left investors wondering how quickly the…
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LYRIQ leads Cadillac into Electric Future
Cadillac’s introduction of its electric portfolio begins today with the debut of the LYRIQ show car — a dynamic, modern and fully electric luxury crossover. The propulsion system and supporting…
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Gold, silver prices touch record levels
New Delhi: Gold and silver prices touched record levels in the national capital on Thursday and the yellow metal rose by Rs 225 to Rs 56,590 per 10 grams amid strong…
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Supreme Industries plans Rs 350cr Capex in FY21
Kolkata: Supreme Industries Ltd, a leading manufacturer of diversified plastic products, has planned a capital expenditure (Capex) of Rs 350 crore this year for capacity expansion of its plants, an official…
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Rupee settles flat at 74.94 against US dollar after RBI keeps rates on hold
Mumbai: The rupee pared initial gains and settled for the day on a flat note at 74.94 against US dollar after the Reserve Bank of India (RBI) on Thursday kept interest…
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Gold prices soar as COVID-19 concerns persist
Sruthi Vibhavari Amid the persisting concerns of the health crisis, domestic gold prices surged to a new high of Rs. 55,039 per ten grams on Wednesday. The new high is…
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Coke enters the immunity-boosting beverages category
New Delhi: Beverage major Coca-Cola India on Tuesday unveiled two new brands to mark its entry into the nascent immunity-boosting beverages category in India. Accordingly, the company under its master brand…
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CII confers Platinum+ rating to ITC’s Paperboards Unit at Bhadrachalam
Hyderabad: ITC’s Paperboards & Specialty Papers Business (PSPD) world-class integrated facility at Bhadrachalam has been conferred the GreenCo Platinum+ rating by Confederation of Indian Industry (CII) Green Business Centre, as part…
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Apple Pay partner Boon to discontinue its service on Oct 3
San Francisco: Mobile banking service and Apple Pay partner Boon has announced that it will discontinue its service on October 3. Boon has been an Apple Pay partner since 2016 for…
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India’s GDP could have shrunk by 5% YoY in July: MOFSL Report
New Delhi: The COVID-19 pandemic is taking a heavy toll on the Indian economy with estimates now suggesting that the country’s real GDP may have shrunk by 5 per cent in…
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RBI gives nod for Sashidhar Jagdishan as Puri’s successor at HDFC Bank
Mumbai: The Reserve Bank has confirmed the name of Sashidhar Jagdishan to succeed Aditya Puri as the chief executive and managing director of HDFC Bank, two sources said on Tuesday. Jagdishan,…
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BSE’s Q1 consolidated net profit at over Rs 32 cr
Mumbai, Aug 3 : Stock market major BSE on Monday reported a consolidated net profit of Rs 32.48 crore for the first quarter (Q1) of 2020-21. On sequential basis, the…
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Cristiano Ronaldo now owns a 75 crores Bugatti Centodieci
Portugal: Cristiano Ronaldo Portugal’s national footballer and Juventus star has purchased the world’s most expensive car Bugatti Centodieci. Ronaldo, who recently helped his club, the Italian giant Juventus, win the…
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NITI Aayog suggests the creation of Dak Bank
New Delhi: In a bid to further deepen financial inclusion in the country, the NITI Aayog has suggested the creation of a Dak Bank — postal bank — by merging the…
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Over 40 cr bank accounts opened under PMJDY
New Delhi: Six years after the launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY), there are over 40 crore beneficiaries of the scheme, according to government data. The financial inclusion…
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Bajaj Auto July sales drop 33 pc to 2.55 lakh units
Pune: Two- and three-wheeler manufacturer Bajaj Auto on Monday reported 33 per cent fall in its total July sales at 2.55 lakh units as compared to 3.81 lakh units in…
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Petrol, diesel prices unchanged on Monday
New Delhi, Aug 3 : After hefty Rs 8.38 per litre cut in diesel price in the national capital on Friday, the oil marketing companies have gone on a pause…
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Rupee slips 12 paise to 74.93 against US dollar in early trade
Mumbai: The rupee depreciated 12 paise to 74.93 against the US dollar in opening trade on Monday tracking negative domestic equities and strengthening American currency. The rupee opened on a…
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Sensex tumbles over 300 pts in early trade; Nifty slips below 11,000
Mumbai: Domestic equity benchmark Sensex tumbled over 300 points in opening session on Monday tracking losses in index-heavyweights Reliance Industries and HDFC twins amid weak cues from global equities. The…
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SBI’s Q1 profit surges 81 pc to Rs 4,189 cr
New Delhi: The country’s largest bank SBI on Friday posted an 81 per cent spike in standalone net profit at Rs 4,189.34 crore for the first quarter of current fiscal…
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Rupee settles 3 paise higher at 74.81 against US dollar
Mumbai: The Indian rupee settled 3 paise higher at 74.81 (provisional) against the American dollar on Friday tracking weakness in the greenback. At the interbank forex market, the rupee opened…
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Kia Motors India releases official images of all-new Kia Sonet
New Delhi: – Kia Motors India, a wholly-owned subsidiary of Kia Motors Corporation, has today released official images of the interior and exterior of its upcoming Sonet compact SUV. The production-ready Kia…
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Govt mulls longer lock-in to protect jobs post BPCL privatisation
New Delhi: To make the strategic sale of Bharat Petroleum Corporation Ltd (BPCL) less painful to its employees, the government is looking at a plan to provide longer job security…
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Tata Capital Growth to invest Rs 225 cr in Biocon Biologics
Bengaluru: Tata Capital Growth Fund will invest Rs 225 crore in Biocon Biologics India Ltd for an equity stake of 0.85 per cent. In a regulatory filing on Friday, Biocon Ltd…
