Business
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RBI lifts restrictions on HDFC Bank’s ‘Digital 2.0’ plan
New Delhi: The Reserve Bank of India has lifted the restrictions on the business generating activities planned under HDFC Bank’s ‘Digital 2.0’ programme. “We wish to inform you that the RBI vide…
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Global True Wireless Stereo market reaches 300 mn units in 2021
New Delhi: The global True Wireless Stereo (TWS) hearables market shipments in 2021 grew 24 per cent in unit sales to reach 300 million and 25 per cent in terms of value,…
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Here is how close relatives helped Grover siphon off BharatPe funds
New Delhi: Amid the hullabaloo over Ashneer and Madhuri Jain Grover and their tussle with BharatPe, the admin head at the fintech firm who was Madhuri Jain’s close relative and allegedly involved…
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Higher cost, supply side constraints dent Feb auto sales
New Delhi: Higher cost along with supply side constraints, impacted India’s domestic auto sector sales in February 2022 on a year-on-year basis. Accordingly, the sector’s February off-take of passenger cars, two-and-three wheelers…
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RBI asks Paytm Payments Bank to stop opening new accounts
Mumbai: The RBI on Friday asked Paytm Payments Bank to stop opening new accounts amid “material supervisory concerns” observed in the bank. “Reserve Bank of India has today, in the exercise of…
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Delhi HC directs DMRC to pay DAMPEL’s entire arbitral award amount
New Delhi: In a major setback to the DMRC, the Delhi High Court on Thursday asked it to pay the entire arbitral amount to the Delhi Airport Metro Express Pvt Ltd (DAMEPL)…
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BharatPe ready for any preliminary govt probe, to comply with law
New Delhi: After reports surfaced that government regulators may expand their probe into BharatPe’s financial books after the Ashneer-Madhuri Grover saga that rattled the startup ecosystem, sources close to the developments said…
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India’s GDP growth expected at 7.8% next fiscal: Crisil
New Delhi: India’s gross domestic product (GDP) growth is expected to come in at 7.8 per cent in fiscal 2023, said ratings agency Crisil. According to the ratings agency, any potential upside…
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Patna HC seeks SEBI reply regarding payments to Sahara’s investors
New Delhi: The Patna High Court has directed Securities and Exchange Board of India (SEBI) to file its response, in writing on or before March 25, on the matter pertaining to repayment…
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Hyderabad-based MEIL set to handover 15 oil, gas rigs to ONGC by May
Bhimavaram (Andhra Pradesh): Hyderabad-based Megha Engineering and Infrastructures Limited (MEIL), which has bagged a contract to supply 47 oil and gas drilling rigs to the Oil and Natural Gas Corporation (ONGC), is…
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Ukraine war, FII sell-off push gold price to Rs 55K per 10 gm
New Delhi: Inflationary fears as well as Russia-Ukraine conflict pushed gold prices to Rs 55,000 per 10-gram on Tuesday. The fears of supply shortages due to the Russia-Ukraine conflict along with robust…
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Rising nickel prices put a spanner in Musk’s dream of affordable EVs
New Delhi: The rising nickel prices, owing to the Russian invasion of Ukraine, have thrown a spanner in Elon Musk and other automakers’ dream of introducing affordable electric cars soon. Nickel prices…
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Meet women ‘Covidprenuers’ who used lockdowns to launch their own businesses
New Delhi: Opening a new venture in the chaotic times of Covid when even the long established ones faced a serious threat of shutting down, seemed crazy, if not suicidal, to most…
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We see clear advantages in a central bank driven digital currency”: Nirmala Sitharaman
Bengaluru: Union Finance Minister Nirmala Sitharaman on Tuesday said the ‘Digital Rupee’ is a conscious call taken in consultation with the Reserve Bank of India (RBI) and the government sees clear advantages…