Business
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Rupee gains 46 paise to 78.94 against US dollar ahead of RBI policy outcome
Mumbai: The rupee appreciated 46 paise to 78.94 against the US dollar in early trade on Friday ahead of the Reserve Bank of India’s policy meeting outcome. At the interbank foreign exchange,…
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RBI retains FY23 inflation projection at 6.7 pc
Mumbai: The RBI on Friday retained its retail inflation forecast for current fiscal year at 6.7 per cent amid geopolitical developments and higher global commodity prices, hoping inflationary pressures to ease further.…
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Tesla to build 10-12 gigafactories in years to come: Musk
San Francisco: Tech billionaire Elon Musk has hinted that Tesla would probably build “at least 10 or 12 gigafactories” in years to come, teasing another gigafactory location to be chosen later this…
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JB Pharma records revenue growth of 30% to Rs 785 cr in Q1FY23
Mumbai: JB Pharma, one of the fastest growing pharmaceutical companies in India, announced its financial results for the first quarter ended on June 30, 2022. For the first quarter, the company recorded…
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Walmart lays off 200 corporate employees amid rising inflation
San Francisco: Retail giant Walmart has laid off at least 200 corporate employees as the economic downturn takes its toll on companies worldwide. Walmart described the layoffs as a way to “better…
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Odisha govt approves 11 investment proposals of Rs 2,253cr
Bhubaneswar: The Odisha government has approved 11 investment proposals worth Rs 2,253.15 crore which will create employment opportunities for 3,817 people, officials said on Thursday. The state level single window clearance authority…
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Sensex snaps 6-day rally ahead of RBI’s rate decision; bank stocks slide
Mumbai: The Sensex and Nifty snapped their six-session rally to close marginally lower on Thursday as investors booked profit in banking, finance and energy counters ahead of the RBI’s policy decision. The…
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Reliance Jio may launch 5G services in India on Independence Day
New Delhi: As the race to launch 5G services for millions of smartphone and internet users take steam, Reliance Jio may launch its 5G services on August 15. Earlier this week, Akash…
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Factors leading to rise in inflation in India
Mumbai: India has been witnessing a sharp rise in the inflation rate since September last year due to spike in crude oil prices in the international market and increase in commodity prices…
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Homegrown Polymatech to invest $1 bn in chip manufacturing in India
New Delhi: Domestic chip manufacturer Polymatech Electronics on Wednesday said it will invest $1 billion in the country towards semiconductor manufacturing by 2025. Polymatech has signed a memorandum of understanding (MoU) with…
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Kia India to offer six airbags as standard fitment in Seltos
New Delhi: Kia India on Wednesday said it will offer six airbags as standard fitment in its mid-sized SUV Seltos. The decision to provide six airbags on all the trims of the…
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Markets rally for 6th day: Investor wealth jumps over Rs 13.53 lakh cr
New Delhi: Investors have became richer by over Rs 13.53 lakh crore in six days, with equity benchmarks on a winning run amid foreign fund inflows and supportive global cues. The 30-share…
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Average inflation rate highest in 2022, at 6.82%, since 2014
New Delhi: Amid the debate over price rise and inflation in the country, a comparison of government data since the year 2014 discloses that the all India average inflation rate is highest…
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Domestic investor holding at all time high in June 2022 quarter
New Delhi: Share of domestic institutional investors (DIIs), which includes domestic mutual funds, insurance companies, banks, financial institutions, pension funds along with retail and High Net-worth Individual (HNI) investors reached an all…