Business
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ICRA withdraws rating assigned to MEP’s Infrastructure programme
Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode (HAM) road portfolio.…
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Sensex down 63 pts, Nifty below 11,100
Mumbai: Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks. At 9.52 a.m., the Sensex was trading 62.53 points or…
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Cambodian Transport Sector Inks Deal with SRAM & MRAM
New Delhi: Continuing on its path to empower the developing world with green energy technologies, SRAM & MRAM Group in association with ELPRO Automobiles Pvt Ltd, India, has initiated talks…
ICRA withdraws rating assigned to borrowing program
Mumbai: Rating agency ICRA has withdrawn the rating for MEP Infrastructure Developers’ bank limit of Rs 50 crore due to slower than anticipated progress in six under-construction hybrid annuity mode…
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Sensex down 63 pts, Nifty below 11,100
Mumbai: Sensex and Nifty opened on a dull note on Wednesday owing to decline in metal, financial and banking stocks. At 9.52 a.m., the Sensex was trading 62.53 points or…
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Equity gauges in negative zone, metal stocks fall
Mumbai: Equity benchmark indices were volatile with a negative bias during morning trade on Wednesday in line with subdued Asian cues. At 10:15 am, the BSE S&P Sensex was down…
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Actual gain to Govt from RBI move is Rs 58K cr
Mumbai:Â The actual gain to the government from the RBI’s surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore, calculations reveal. The government has already budgeted Rs 90,000 crore…
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India should become software hub: IT Secretary
New Delhi:Â India should focus on becoming a major software producer, said Ajay Prakash Sawhney, Secretary for the Ministry of Electronics and IT, here on Tuesday. “It’s time for us to…
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‘GST shortfall may force RBI surplus use to meet fiscal deficit’
Mumbai: The transfer of Reserve Bank of India (RBI) surplus will only give marginal relief, while risk to the fiscal remains on account of the expected shortfall in Goods and…
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Rafael expands operations in India
Hyderabad: Astra Rafael Communication System (ARC), a Joint Venture between Astra Microwave Pvt Ltd and RAFAEL Advanced Defense Systems Ltd. of Israel, inaugurated their state-of-the-art facility at Hardware Technology Park…
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Droom launches electric wheelchairs
Gurugram: In a bid to enable freedom of transportation and access to mobility, Droom, India’s online automobile transactional marketplace, has launched an electric wheelchairs category on its platform. Along with the electric…
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NCDRC directs Unitech to refund Rs 1 Crore to two buyers
New Delhi: The National Consumer Disputes Redressal Commission (NCDRC) on failing to hand over the possession of the apartments despite six years, has directed the real estate giant Unitech Limited…
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Twitter reacts after RBI okays ₹1.76 trillion to govt
Twitter erupts in anger after Reserve Bank of India announced its decision to transfer 1.76 trillion rupees to government this fiscal. The Central Board of the Reserve Bank of India…
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RBI board okays transfer of Rs 1.76 lakh cr to govt
Mumbai: The Central Board of the Reserve Bank of India (RBI) on Monday accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus…
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Chinese shares open higher; yuan weakens
Beijing: Chinese stocks opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.56 per cent to open at 2,879.52 points. The Shenzhen Component Index opened 0.68 per cent…
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US dollar rises as risk appetite grows
New York:Â The US dollar rose in the late trading against Japanese yen and Swiss franc amid investors’ growing risk appetite. In late New York trading on Monday, the euro fell…
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US stocks close higher amid trade hopes, mixed data
New York: US stocks closed higher on Monday, kicking off the week in an upbeat note, as investors remained hopeful for the possible easing of US-China trade dispute and digested…
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‘Auto sector’s demand conditions likely to persist
Mumbai: The subdued demand conditions that led to weak performance by Indian automakers in the first quarter of 2019-20, will likely persist, adding to the challenges from the implementation of…
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Global investors keen on rupee denominated assets: RBI
Mumbai: Global investors have shown appetite for rupee denominated assets in recent times and this trend needs to be strengthened further by policy nudges, Reserve Bank of India (RBI) Deputy…
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Bajaj blames auto sector for slump, mediocre products
Mumbai: While most auto market players sought government intervention to support the sector, facing slowdown amid falling sales, Bajaj Auto Managing Director Rajiv Bajaj has divergent views and says the…
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Abolish income tax to eliminate economic crisis: Swamy
Swamy informed that he is also coming up next month with a book, suggesting steps to spur economic growth. Chandigarh: Batting for abolishing income tax, hiking interest rate on fixed…
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Sensex climbs 793 points amid relief measures
Mumbai: Equity benchmark indices erased early losses on Monday and traded with strong gains in the afternoon trade as investors awaited more government measures to perk up the domestic economy.…
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RBI Board meeting underway, focus on Jalan panel report
Mumbai: A meeting of the RBI Board is currently underway to consider the Bimal Jalan Committee’s recommendations on the Economic Capital Framework (ECF), or the quantum of reserves the central…
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Blue Tie Global Pvt. ltd expands to UAE
Mumbai: Â Mumbai-based Blue Tie Global Pvt. Ltd. on Monday announced the launch of its professional networking platform for Android and iOS users in the United Arab Emirates.Founded by entrepreneur brother…
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Sensex gains 375 points, Nifty financial services up 1.7 pc
Mumbai: Equity benchmark indices recouped early losses around noon on Monday despite global fall. This came after Finance Minister Nirmala Sitharaman announced a slew of measures last week to boost…
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Rupee starts the week lower at 71.98 for a US dollar
Mumbai: The Indian rupee opened the week lower and slipped by 32 paise at 71.98 per dollar in early trade on Monday against its previous close 71.66. The Indian currency…
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Chinese shares open lower; yuan strengthens
Beijing: Chinese stocks opened lower on Monday, with the benchmark Shanghai Composite Index down 1.60 percent to open at 2,851.02 points. The Shenzhen Component Index opened 1.93 percent lower at…
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Sensex opens 663 pts higher after govt boosters
Mumbai: After what experts termed as a mini-budget on Friday, the markets on expected lines opened on a strong note on Monday. The benchmark Sensex on Monday opened 663 points…
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Equity indices in the red during early trading, Nifty PSU bank
Mumbai: Equity benchmark indices were in the negative zone during early hours on Monday despite Finance Minister Nirmala Sitharaman last week announcing a slew of measures to spur the economy,…
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OnePlus’ first R&D centre in Hyderabad
Hyderabad: Premium smartphone brandOnePlus will start its first research and development facility in the country in Hyderabad on Monday. Pete Lau, founder CEO of OnePlus, TRS president KT Rama Rao…
