Business
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Indices ends higher, Sensex up more than 300 points
Mumbai: India’s benchmark indices ended up on Monday with Sensex rising more than 300 points and Nifty ending over 90 points. At close, Sensex ended 300.44 points, or 0.51 per cent, up…
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SBI to raise upto Rs 4,000 cr via Basel-III Tier-II bonds
Mumbai: The State Bank of India (SBI) has planned to raise up to Rs 4,000 crore, which includes Rs 2,000 crore in greenshoe through Basel-III Tier-II bonds maturing in 15-years, dealers said.…
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Most Indian won’t use print-out at home service like offered by Blinkit
New Delhi: Only 14 per cent of consumers in India would use 10-minute delivery platforms to get print-outs delivered at home, a report said on Monday, as Zomato-owned Blinkit recently started printout…
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Ola laying off 500 employees from its software verticals: Report
New Delhi : As the sale of its electric two-wheeler declines, ride-hailing major Ola is reportedly laying off nearly 500 employees in another round, this time from its various software verticals of…
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Samsung logs record chip market share, Intel at distant second
Seoul: Samsung Electronics expanded its market share of the global semiconductor industry in the second quarter, maintaining its top spot, a research report showed on Monday. Samsung’s chip revenue for the April-June…
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Gross direct tax collections rise 30% in 2022-23, net direct tax collections up 23%
New Delhi: Gross direct tax collections till 2022-23 as on September 17 stood at Rs 8.36 lakh crore, witnessing a growth of 30 per cent over collections of corresponding period of last…
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How private 5G, satellite internet services can cost dearly to companies
New Delhi: As players like Elon Musk’s SpaceX, Hughes Communications India (along with ISRO) and Amazon ramp up efforts to provide affordable internet services via low-earth orbit (LEO) satellites, the business model…
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‘Make in India’ smartphones share reach 16% with 44 mn units
New Delhi: In order to meet the criteria for performance-linked incentive (PLI) scheme, ‘Make in India’ smartphone shipments grew 16 per cent year-on-year to reach 44 million units in the first quarter…
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Maha: FDA cancels Johnson & Johnson’s licence to make baby powder
Mumbai: The Maharashtra FDA has cancelled the baby talcum powder manufacturing licence of Johnson & Johnson (J&J), from its sole plant in the state at Mulund, officials said. The FDA said that…
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Adani becomes India’s second largest cement player
Mumbai: The Adani Family, through Endeavour Trade and Investment Ltd, a special purpose vehicle, has successfully completed the acquisition of Ambuja Cements Ltd and ACC Ltd. The transaction involved the acquisition of…
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Rupee falls 7 paise to close at 79.78 against US dollar on forex outflows
Mumbai: The rupee declined by 7 paise to close at 79.78 against the US dollar on Friday, tracking a strong dollar in overseas markets and losses in domestic equities. At the interbank…
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RBI article favours frontloading of monetary policy actions to tame inflation
Mumbai: An RBI article on Friday favoured frontloading of monetary policy actions, such as interest rate hikes, to contain inflationary pressures without sacrificing medium-term economic growth prospects. The article titled ‘State of the…
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Tim Cook greets first iPhone 14 buyers at iconic NY store
New York: Apple CEO Tim Cook on Friday visited the prestigious Fifth Avenue store in New York City to greet fans queued up to buy the new iPhone 14 series and Watch…
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RBI likely to increase repo rate by 50 basis points to 5.9% in Sep policy: Morgan Stanley
Mumbai: The Monetary Policy Committee in the September credit policy is likely to increase the repo rate by 50 basis points to 5.90 per cent and will keep stance unchanged, according to…