Business
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HDFC to consider raising Rs 45,000 cr via issuance of NCDs
Mumbai: The HDFC’s Board will consider raising Rs 45,000 crore through issuance of secured redeemable non-convertible debentures (NCDs). Accordingly, the company’s Board will consider the issuance of NCDs on private placement basis…
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Key Indian equity market indices open in green
Mumbai: The key Indian equity market indices on Thursday opened higher despite a muted trend in Asian markets. The Sensitive Index (Sensex) of the BSE, which had closed at 35,891.52 points on…
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Chinese shares open lower, yuan weakens
Beijing: Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.14 per cent to open at 2,461.78 points. The Shenzhen Component Index opened 0.21 per cent lower at…
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Chinese yuan edges lower against US dollar
Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, weakened 149.00 basis points to 6.8631 against the US dollar Thursday, according to the China Foreign Exchange Trade System.…
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US dollar gains amid global growth fears
New York: The US dollar rose as weak economic data from some major economies caused concerns over global growth, sparking demand for safe havens. After accounting for seasonal factors, the IHS Markit…
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Global cues, fund outflows, auto stocks pull equity indices down
Mumbai: The Indian equity market ended in the red on Wednesday, in line with global indices, over fears of a worldwide slowdown in economic growth. In addition, outflows of foreign funds, a…
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Madras High Court lifts ban on online sale of medicines
CHENNAI: The Madras High Court on Wednesday allowed online pharmacies to sell drugs and cosmetics, staying an earlier order. A two-member bench of the court said the earlier direction to the Central…
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Cabinet nod for merging Dena Bank, Vijaya Bank with Bank of Baroda
NEW DELHI: The Union cabinet on Wednesday approved the merger of public sector lenders Dena Bank, Vijaya Bank with Bank of Baroda (BoB). Briefing reporters following the cabinet meeting, Law Minister Ravi…
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MERC nod to extend BEST, Tata Power agreement for 5 years
MUMBAI: The Maharashtra Electricity Regulatory Commission (MERC) has given the green light to BrihanMumbai Electric Supply & Transport Undertaking (BEST) to extend its existing power purchase agreement with Tata Power Co. Ltd.…
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Hyundai’s December sales up 4.8%; 2018 off-take higher by 4.7%
New Delhi: Automobile major Hyundai Motor India on Tuesday reported a 4.8 per cent rise in its overall sales, including exports, for December 2018. According to the company, the overall sales rose…
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Equity indices open in red, Sensex down over 100 points
Mumbai: The key Indian equity indices opened in the negative territory on Wednesday with the S&P BSE Sensex losing over 100 points. Auto and metal stocks witnessed heavy selling pressure on the…
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Chinese yuan edges up to 6.8482 against US dollar
Beijing: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 150 basis points to 6.8482 against the US dollar on Wednesday, according to the China Foreign Exchange Trade…
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Coal India production up 7.4%, off-take up 5.5% in 9 months
Kolkata: Coal India Ltd on Tuesday said its production grew by 7.4 per cent to 412.45 million tonnes (mt) during the first nine months of the current financial year, while its off-take…
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RBI allows restructure of defaulting MSME loans up to Rs 25 cr
Mumbai: In a measure of relief for the troubled micro and small industries segment, the RBI on Tuesday permitted a one-time restructuring of existing loans that are in default but “standard” as…
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GST collections slip to Rs 94,726 crore in December
New Delhi: Revenue collection under the Goods and Services Tax (GST) fell for the second straight month to Rs 94,726 crore in December from Rs 97,637 crore collected in November despite a…
