INVESTMENT GURU: December 2019

Realty Sector Yet To Reflect Impact Of Government's Measures: Report

According to a report by Anarock Property Consultants, a total of 2.61 lakh units were sold during the year, a year-on-year growth of 5 per cent. Out of the overall sales across seven major cities in...

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April-November Fiscal Deficit At 114.8% Of Budgetary Target

The Central government's total expenditure stood at Rs 18.20 lakh crore (65.3 per cent of BE) while total receipts were Rs 10.12 lakh crore (48.6 per cent of BE). ...

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Slowdown Continues: November Core Sector Growth Contracts By 1.5%

According to the Index of Eight Core Industries (ECI), barring refinery products, fertilizers and cement, all other sectors contracted in November. ...

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Current Account Deficit Narrows To 0.9% Of GDP In September Quarter

Trade deficit shrank to $84.3 billion in the first half of financial year 2019-20 from $95.8 billion last year, according to the RBI.

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Interest Rates On PPF, Other Small Savings Schemes Unchanged

Currently, the interest rates applicable to the nine schemes - which include theMonthly Income Scheme (MIS) and the Kisan Vikas Patra certificates - are revised by the government every quarter.

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Government Announces Rs 102-Lakh-Crore Infrastructure Project Pipeline

The economy is struggling against a growth slowdown due to low demand and thousands of job losses across sectors.

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Sensex Ends 304 Points Lower, Nifty Gives Up 12,200 On Last Day Of 2019

The Nifty Auto Index consisting of 15 auto and auto-ancilliaries fell as much as 0.9 per cent. Bajaj Auto, Hero MotoCorp and M&M lost around 1 per cent each. ...

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"Committed To India": China's Huawei After Receiving Nod For 5G Trials

"Huawei has been notified by the Indian government of permission to take part in the 5G trials," Cyril Xu, Senior Manager, International Media Affairs told PTI. ...

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Last Date To Link PAN With Aadhaar Extended For Eighth Time: 10 Points

December 31 is no longer the last date to link your Aadhaar card with PAN or Permanent Account Number. The last date to link both the personal identification numbers now is March 31, according to a...

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Sensex Falls Over 100 Points, Nifty Drops Below 12,250

On Monday, the domestic stock markets had ended on a mixed note. The S&P BSE Sensex ended 17.14 points - or 0.04 per cent - lower at 41,558.00 and the broader NSE Nifty benchmark settled at 12,255.85,...

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Sensex, Nifty Likely To Open Lower On Last Session Of 2019

Deadline For Linking PAN With Aadhaar Extended To March 31

PAN-Aadhaar deadline: Income Tax department has said that if the PAN is not linked with Aadhaar by the due date, the PAN will become inoperative.

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Billionaire Hinduja Brothers Preparing Bid For Jet Airways: Report

Creditors are seeking fresh bids for Jet Airways after earlier getting interest from only a single company, Synergy Group Corp.

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Reliance Jio Tops Subscription Race Despite Voice Call Charges

Reliance Jio added over 91 lakh new subscribers in October, taking its total subscriber base to 36.43 crore.

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PM Modi's Office Proposes Waiving Carbon Tax On Coal: Report

PM Modi's office has proposed waiving the carbon tax of Rs 400 per tonne that was levied on the production and import of coal.

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Huawei Gets Nod To Participate In 5GTrials

The government's nod to Huawei comes at a time when the global rollout of 5G technology has been complicated by U.S. sanctions against the company. The United States has been lobbying allies not to...

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RBI Issues Draft Norms On Exposure Limits For Cooperative Banks

The RBI circular stipulates that prudential exposure limits for UCBs for a single borrower and a group of connected borrowers will be 10 per cent and 25 per cent respectively

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Centre Will Give 5G Spectrum For Trials To All Players: Telecom Minister

"We have taken a decision to give 5G spectrum for trials to all players," Telecom Minister Ravi Shankar Prasad said.

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SBI Home Loans To Become Cheaper As Lender Lowers Benchmark Rate

The RBI's Monetary Policy Committee (MPC) had cut the benchmark lending rate (repo rate) by 25 bps to 5.15 per cent in October. However, after five consecutive rate cuts cumulatively amounting to 135...

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Sensex, Nifty End Little Changed; Banks Fall, Auto Shares Gain

Seven of 11 sector gauges compiled by National stock Exchange ended higher led by the Nifty Metal index's 1.2 per cent gain.

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December 31 Last Day To Verify Income Tax Return. Here Is How To Do It

Income tax return date: Income Tax rules state that a fine of Rs 5,000 is applicable if an individual files ITR after due date but before December 31.

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All You Need To Know About Linking PAN With Aadhaar Ahead Of Last Date

Aadhaar-PAN Link: December 31 is last date to link Permanent Account Number or PAN with Aadhaar issued by Unique Identification Authority of India.

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Prince Pipes Makes A Tepid Debut; Lists At A Discount of 10%

Prince Pipes and Fittings had fixed the IPO price band at Rs 177-178 per share. The Rs 500-crore IPO was open for subscription between December 18 and December 20. It comprised fresh issuance of...

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Sensex Falls Over 200 Points From Day's High: 10 Things To Know

Domestic stock markets gave up early gains tracking losses in Asian peers where equities receded from 18-month highs. The S&P BSE Sensex index declined as much as 257.06 points from the session's...

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Sensex Rises Over 100 Points, Nifty Tops 12,250

On Friday, the Sensex had ended 411.38 points - or 1.00 per cent - higher at 41,575.14 and the Nifty settled at 12,245.80, up 119.25 points - or 0.98 per cent - from the previous close.

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Sensex, Nifty Likely To Open Lower Today

On Friday, the S&P BSE Sensex index had ended 411.38 points - or 1.00 per cent - higher at 41,575.14 and the broader NSE Nifty benchmark settled at 12,245.80, up 119.25 points - or 0.98 per cent -...

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Diesel Prices Hiked For Fourth Straight Day In Metros

Currently, domestic petrol and diesel prices are reviewed by oil marketing companies such as state-run Indian Oil Corporation on a daily basis. Any revisions are implemented at the fuel stations with...

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Regulator IRDA Cancels Pledge Enforcement Of Reliance General Shares

IRDA said that the enforcement of pledge is null and void and not in accordance with law. The insurance regulator said its prior approval was not taken for the transfer.

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Economic Data, Crude Oil Price To Drive Markets In Week Ahead: Analysts

Global crude oil prices along with the expectations of a healthy third quarter (Q3) earnings season would also influence market movement, market observers pointed out.

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All You Need To Know About Sukanya Samriddhi Scheme

Post Office Sukanya Samriddhi Account: For the quarter ending December 31, the finance ministry retained the interest rates at existing levels in September 2019.

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Five Things To Know About National Savings Certificates (NSC)

Post Office Savings Account: For the quarter ending December 31, the finance ministry retained the interest rates at existing levels in September 2019.

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Looking To Invest In Post Office Kisan Vikas Patra Scheme? Read This

All You Need To Know About The Post Office Monthly Income Scheme Account

Investment In Senior Citizen Savings Scheme Fetches 8.6% Return

All You Need To Know About The 15-Year PPF Account In Post Office

Post Office Pays 6.9-7.7% Interest On One-Five Year Time Deposits

Want To Open A Recurring Deposit Account At Post Office? Key Details Here

Five Things To Know About The Post Office Savings Account

Government Says State-Run Banks Health Restored, 13 Banks Report Profit

Ministry noted that gross NPAs of the state-run banks have declined from Rs 8.96 lakh crore in March 2018 to Rs. 7.27 lakh crore in September 2019.

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Commercial Decisions Would Be Protected: Finance Minister To Bankers

Ms Sitharaman assured the bankers that a distinction would be made between genuine commercial failures and culpability.

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December 31 Is The Last Date Link PAN With Aadhaar. Here Is How To Do It

The Income Tax Department in September this year extended the due date for linking the PAN with the Aadhaar by three months.

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Small Savings Schemes Fetch 4-8.6% Return For Q3. Compare Rates Here

India Post - which comes under the ambit of Ministry of Communications - has a network of more than 1.5 lakh post office branches across the country.

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Sensex Snaps 3-Day Losing Streak, Surges Over 400 Points Led By Banks

All the 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's nearly 3 per cent gain.

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Sensex Surges Over 350 Points, Nifty Above 12,200; Banks Outperform

All the 11 sector gauges compiled by National Stock Exchange were trading higher led by the Nifty PSU Bank index's 3 per cent gain.

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RBI Suggests Finance Ministry To Align Small Savings Rate: Report

Small savings rates are revised every quarter and if there is no change in the rates, the finance ministry retains the existing rates.

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Petrol, Diesel Rates Hiked For Second Straight Day In Metros

With effect from 6 am on December 27, the price of petrol was Rs 74.74 per litre in Delhi and Rs 80.40 per litre in Mumbai, as against Rs 74.68 per litre and Rs 80.34 per litre respectively the...

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Bank Of India Pays 6.9% Interest On 1-Year FD. Read More Here

Bank Of India FD Interest Rate: Bank Of India offers 12 maturity options for retail fixed deposits (FDs). The bank pays a 6.4% return to the general public on one-year fixed deposits (FDs) up to Rs 2...

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IDFC First Bank Pays 7.5% Interest On 1-Year FD. Compare Other Rates Here

IDFC First Bank FD Interest Rate: IDFC First Bank offers 11 maturity options for retail fixed deposits (FDs). The bank pays a 7.5% return to the general public on one-year fixed deposits (FDs) up to...

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IDBI Bank Pays 6.95% Return To Senior Citizen On 1-Year FD. Read More

IDBI Bank FD Interest Rate: IDBI Bank offers 20 maturity options for retail fixed deposits (FDs). IDBI Bank pays a 6.95% return to senior citizens on one-year fixed deposits (FDs) up to Rs 2 crore.

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PNB Pays 6.8% Return To Senior Citizen On 1-Year FD. Read More

Punjab National Bank (PNB) FD Interest Rate: PNB offers 15 maturity options for retail fixed deposits (FDs). PNB pays a 6.8% return to senior citizens on one-year fixed deposits (FDs) up to Rs 2...

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Bandhan Bank Pays 8% Return To Senior Citizen On 1-Year FD. Read More

Bandhan Bank FD Interest Rate: Bandhan Bank offers 11 maturity options for retail fixed deposits (FDs). Bandhan Bank pays an 8% return to senior citizens on one-year fixed deposits (FDs) up to Rs 2...

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IndusInd Bank Pays 7.75% Return To Senior Citizen On 1-Year FD. Read More

IndusInd Bank FD Interest Rate: IndusInd Bank offers 19 maturity options for retail fixed deposits (FDs). IndusInd Bank pays a 7.75% interest rate to senior citizens on one-year fixed deposits (FDs)...

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HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

HDFC Bank FD Interest Rate: HDFC Bank offers 13 maturity options for retail fixed deposits (FDs). HDFC Bank offers a 6.8% interest rate to senior citizens on one-year fixed deposits (FDs) up to Rs 2...

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Kotak Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

Kotak Mahindra Bank FD Rates: Kotak Mahindra Bank offers 20 maturity options for retail fixed deposits (FDs). Kotak Mahindra Bank pays an 6.8% interest to senior citizens on one-year FDs up to Rs 2...

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Axis Bank Pays 7.05% Interest To Senior Citizens On 1-Year FD. Read More

Axis Bank FD Interest Rates: Axis Bank offers 29 maturity options for retail fixed deposits (FDs). Axis Bank pays an 7.05 per cent interest to senior citizens on one-year FDs up to Rs 2 crore.

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ICICI Bank Pays 6.85% Interest To Senior Citizens On 1-Year FD. Read More

ICICI Bank FD Interest Rate: ICICI Bank offers 16 maturity options for retail FDs. ICICI Bank pays an 6.85% interest to senior citizens on one-year FDs.

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SBI Pays Up To 6.75% Return On 1-Year Fixed Deposits. Compare Rates Here

SBI FD Interest Rate: State Bank of India (SBI) offers eight maturity options for retail fixed deposits, ranging from seven days to 10 years. SBI pays interest at the rate of 6.75 per cent to senior...

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Canara Bank Pays 6.9% Return To Senior Citizen On 1-Year FD. Read More

Canara Bank FD Interest Rate: Canara Bank offers 20 maturity options for retail fixed deposits (FDs). Canara Bank pays a 6.9% return to senior citizens on one-year fixed deposits (FDs) up to Rs 2...

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Home Sales In Mumbai Jump To Highest In 4 Years

Macrotech Developers, a Trump Tower developer in Mumbai, to Godrej Properties, controlled by billionaire Adi Godrej's family, are building more low-cost homes as the credit squeeze crimps demand for...

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GoAir Says Airbus Delay In Delivering A320Neo Jets Hit Flight Operations

GoAir delayed or canceled dozens of flights this week due to bad weather and disruptions from nationwide demonstrations against a new citizenship law.

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Mukesh Ambani's Retail Unit Bigger Than UK Giant Tesco After Share Swap

Billionaire Mukesh Ambani has promised to slash the group's net debt to zero by March 2021 after an investment spree of $76 billion in the past five years, bulk of it on its massively disruptive...

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Sensex Rises Over 150 Points In Early Trade, Nifty Firm Above 12,150

The S&P BSE Sensex index had ended 297.50 points - or 0.72 per cent - lower at 41,163.76 on Thursday, and the broader NSE Nifty settled at 12,126.55, down 88.00 points - or 0.72 per cent - from the...

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IL&FS Crisis: Sebi Fines ICRA, CARE Over Debt Ratings

The country's credit rating agencies have come under pressure from authorities and investors over their failure to proactively flag financial problems at IL&FS, one of the country's biggest...

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Sensex, Nifty Likely To Open Higher Today

SEBI Slaps Rs 25 Lakh Fines On ICRA, CARE In IL&FS Scam

Both ICRA and CARE were given 45 days each to pay the total amount of penalty for their failure to exercise due diligence.

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Railway Management Service To Offer Five Specialisations: Railway Board

The Cabinet on Tuesday approved big ticket reforms in the railways by merging its eight cadres and and departments into a single entity.

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RBI To Conduct Open Market Operations On Monday

The decision was taken on "a review of the current liquidity and market situation and an assessment of the evolving financial conditions", RBI said.

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100% FDI In Aviation Expected In Budget Speech: Report

In the last budget speech in July, Finance Minister Nirmala Sitharaman said the government proposed to hike the FDI limit in domestic air carriers from the 49 per cent.

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Air India Employees To Stall Privatisation Via Tribunal Or Strike: Report

The decision to consider either the National Company Law Tribunal (NCLT) route or the strike comes days after the airline's pilots and engineers demanded immediate payment of their dues.

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GoAir Expects Operations To Normalise By Weekend

GoAir flight news: The statement said that due to inclement weather in north India, GoAir experienced extensive flight delays and diversions leading to cancellations of flights.

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Government Allows FASTag Recharge Through BHIM App

Any BHIM UPI-enabled mobile app would now give vehicle owners the opportunity to recharge their FASTags on the go.

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Housing Sales Slump 22% Between July And December: Anarock

This slump in sales comes despite the slew of measures announced by the government in the past few months to ease liquidity and boost demand.

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How ITR Filing Process Has Evolved In Last 10 Years

The most important change in the development of e-filing in the country is the refunds, say tax experts.

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Sensex, Nifty Fall For Third Straight Day; Yes Bank Top Loser

The Sensex fell as much as 328 points and Nifty touched and intraday low of 12,119.

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Sensex, Nifty Extend Decline Ahead Of December Derivative Expiry

Nine of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank index's 1 per cent decline.

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Petrol, Diesel Rates Hiked

Sensex Falls Over 50 Points, Nifty Near 12,200

Foreign institutional investors net offloaded Rs 114.38 crore from the Indian capital markets, NSE data shows. Domestic institutional investors pulled out a net Rs 345.22 crore on the same day.

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Sensex, Nifty Likely To Open Flat Today

The 10-year benchmark bond yield closed at 6.58 per cent, while the rupee settled at 71.1505 to the dollar.

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Piramal Enterprises To Raise Rs 2,750 Crore By Issuing Bonds

The company's announcement comes close to the date by when the group needs to pay ASAN Corporate Solutions' debt of Rs 1,350 crore.

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Finance Ministry Notifies GST Grievance Redress Panel For Tax Payers

The Committee will examine and resolve all issues being faced by the taxpayers, including procedural difficulties and IT-related issues pertaining to GST.

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Sensex, Nifty On Course To Post Biggest Annual Gain In 2 Years

As of Monday's closing, the S&P BSE Sensex index has so far this year risen more than 15 per cent (year to date), which means the index is set to clock its best annual gain in past two years.

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Bharat Bond Exchange Traded Fund Mops Up Rs 12,400 Crore On Debut Offer

The funds raised would be utilised for capex of public-sector undertakings (PSUs). The base size of the issue was Rs 7,000 crore.

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RBI Introduces New Prepaid Payment Instrument

PPIs are financial instruments that facilitate the purchase of goods and services against the value stored on such instruments.

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Stock Markets Closed On Wednesday For Christmas Holiday

On Tuesday, the NSE Nifty 50 index closed down 0.39% at 12,214.55, while the benchmark S&P BSE Sensex ended 0.44% lower at 41,461.26.

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Cabinet Approves Ordinance For Amendment To IBC

"Under the amendments, the liability of a corporate debtor for an offence committed prior to the commencement of the corporate insolvency resolution process shall cease, and the corporate debtor shall...

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CBDT Extends Income Tax Returns Filing Deadline For J&K, Ladakh To Jan 31

"The Central Board of Direct Taxes (CBDT), in exercise of powers conferred under section 119 of the Income-tax Act, 1961 and in partial modification of CBDT's order under section 119 of the Act dated...

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GST's Inverted Duty Structure May Cost Centre, States Rs 20,000 Crore

The stakeholders have told the officers' panel that manufactured goods, such as fertilizers, mobile phones, footwear, renewable equipment and man-made yarns, which are in lower rates slab (5-12 per...

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RBI Sees Corporate Governance 'Fault Lines' At Some Lenders

In its annual report on Trends and Progress of Banking in India, the central bank highlighted the possibility of defaults rising in the retail lending space after the economy slowed to 4.5 per cent in...

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Bharti Infra-Indus Merger Deadline Extended To February 24

"The Board of Directors have further extended the long stop date till February 24, 2020, subject to the agreement on closing adjustments and other conditions precedent for closing, with each party...

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Rupee Settles 9 Paise Down At 71.27 Against US Dollar

Forex traders said the rupee traded in a narrow range, but was weighed down in the latter half of the session after reports emerged that the government might not be able to meet its disinvestment...

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Gross NPA Ratio Improves To 9.1 As Of September: RBI

"The gross NPA ratio of all banks declined in FY19 after rising for seven consecutive years, as recognition of bad loans neared completion," RBI said in its report on Trend and Progress of Banking...

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Cabinet Approves Trimming Of Railway Board: Piyush Goyal

Indian Railways will now have only one cadre -- Indian Railway Service, instead of the current eight services for various departments.

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Cabinet Clears Ordinance To Further Amend Insolvency Law

The bill, introduced in the Lok Sabha, seeks to remove bottlenecks and streamline the corporate insolvency resolution process, wherein successful bidders will be ring-fenced from any risk of criminal...

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Sensex, Nifty Fall For Second Straight Session; Energy Shares Lead Losses

Eleven of 19 sector gauges compiled by BSE ended lower led by the S&P BSE Energy index's 1.3 per cent decline.

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Substantial Structural Reforms Needed: IMF Tells India

The world financial body said,"We see several possible factors behind the slowdown". ...

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CBI Books Ex-Maruti Suzuki MD Jagdish Khattar For Bank Loan Fraud Case

After quitting Maruti Suzuki, Jagdish Khattar started Carnation Auto India Pvt Ltd and availed Rs 170 crore loan from Punjab National Bank.

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Opinion: Opinion: Differences Between PM Modi, Manmohan Singh In Economic Reform

Hundreds of millions were lifted out of poverty; the 1990-91 crisis became the starting point of two decades of rising prosperity.

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Sensex, Nifty Largely Flat; Yes Bank, Indiabulls Real Estate Rise

On the Nifty 100 index, Zee Entertainment Enterprises Ltd was the top gainer with a 2.4 per cent rise, while HCL Technologies Ltd fell the most.

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Sensex, Nifty Little Changed On Flat Asian Cues

Gains in HDFC, ICICI Bank, Larsen & Toubro, TCS and Maruti Suzuki were offset by losses in Reliance Industries, HDFC Bank, Infosys, Axis Bank and HCL Technologies.

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Asia Stocks Drift Lower As Holiday Lull Counters Trade Cheer

Blue-chip shares in China rose 0.29 per cent after Premier Li Keqiang said on Monday the government was considering more measures to lower corporate financing costs.

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Mukesh Ambani, Asia's Richest, Added $17 Billion To His Wealth In 2019

The surge in Mr Ambani's fortune this year was fueled by a 40% jump in the shares of his Reliance Industries Ltd.

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How Income Tax Structure Has Evolved In India In the 2010s

The last 10 years stand out in evolution of the tax system as authorities have striven to strike the right balance between tax incentives and revenue generation, in order to stay on the path of fiscal...

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Boeing CEO Muilenburg Steps Down, Chairman David Calhoun Named Chief

The company pledged to "operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers." ...

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From Rail Vikas Nigam To IRCTC, A Look At Biggest IPOs So Far This Year

The IPO of IRCTC received a huge thumbs-up from the investors, going by the subscription figures of 111 times. This goes to show that brand recognition and brand recall plays a crucial role in the...

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Sensex Ends 39 Points Lower, Nifty At 12,263, Snapping 4-day Record Spree

The S&P BSE Sensex edged lower by 38 points at 41,642 and the broader NSE Nifty benchmark ended down 5 points from the previous close at 12,266 as losses in banking, energy and infrastructure shares...

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Sensex Drops Over 150 Points, Nifty Slips Below 12,250

Domestic stock markets struggled against mild losses on Monday taking a breather from a record-breaking spree that lasted four consecutive sessions. The S&P BSE Sensex declined as much as 155.69...

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Corporate Affairs Ministry Seeks Modification In NCLAT Order In Tata Case

The petition filed by the Registrar of Companies was mentioned on Monday before NCLAT, which has directed to list the matter on January 2, 2020 for hearing.

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Federal Bank Pays 6.5% Interest On 1-Year FD. Compare Other Rates Here

Federal Bank FD Interest Rate: Federal Bank offers 10 maturity options for retail fixed deposits (FDs). The bank pays a 6.5% return to the general public on one-year fixed deposits (FDs) up to Rs 2...

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IDFC First Bank Pays 7.5% Interest On 1-Year FD. Compare Other Rates Here

Sensex Falls Over 150 Points, Nifty Slides Below 12,250

The S&P BSE Sensex index had ended 7.62 points higher at 41,681.54 on Friday as the markets gave up most of intraday gains, and the broader NSE Nifty benchmark settled up 12.10 points at 12,271.80.

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China To Lower Import Tariffs On Over 850 Products

The move does not appear to be linked with the bruising US-China trade war, which has seen Washington and Beijing exchanging blows for more than a year.

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Sensex, Nifty Likely To Open Flat Today

Vistara Waives Charges For Lucknow, Delhi Passengers

"Due to the ongoing situation in Lucknow, Vistara announces free change to bookings and cancellation without any penalty for those booked to travel to and from Lucknow. Fare difference, if any, will...

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Government Mulling Premium On Petrol, Diesel Prices On Bs-Vi Switchover

Public and private sector oil marketing companies (OMCs) have appealed to petroleum ministry to support a plan to raise consumer prices of auto fuels to help them recover a portion of investments made...

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Centre Consults Large Corporates, MSMEs To Slay Slowdown

Besides, Goyal will meet representatives from aviation, road, textiles, food processing, renewable energy, tourism and mining industries along with these sector's concerned ministries. ...

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There Is A Limit To Lowering Interest Rates: State Bank Of India Chairman

"We can't lower the interest rates without lowering the interest rate for depositors and there is a threshold below which we cannot reduce the interest rate for deposits," SBI Chairman Rajnish Kumar...

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No Need To Mention Religion For Bank A/C, KYC: Finance Secetary

Banking and Finance Secretary Rajiv Kumar, in a tweet, said: "No Indian citizen has to disclose his/her religion for opening a bank account, for old account or for KYC formalities." He has asked bank...

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Jaypee Loses 1,000-Hectare F1 Circuit Land Over Non-Payment Of Dues

The decision was taken by the Yamuna Expressway Industrial Development Authority (YEIDA) in its 66th board meeting.

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Bharat Bond ETF Subscribed Nearly 2 Times, Fetches Rs 12,000 Crore

The ETF with a three-year maturity will follow the Nifty Bharat Bond Index-April 2023 and the one with a 10-year maturity will follow the Nifty Bharat Bond Index-April 2030.

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Forex Reserves Soar By $1.07 Billion In A Week To Record $454 Billion

The forex reserves rose by $1.07 billion during the week under review, official data showed on Friday.

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Bank Of India Pays 6.9% Interest On 1-Year FD. Read More Here

Canara Bank Pays 6.9% Return To Senior Citizen On 1-Year FD. Read More

Union Bank Of India Pays 6.3% Interest On 1-Year FD. Read More Here

Union Bank Of India FD Interest Rate: Union Bank Of India offers 15 maturity options for retail fixed deposits (FDs). The bank pays a 6.3% return to its customers on one-year fixed deposits (FDs) up...

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Bank Of Baroda Pays 6.25% Interest On 1-Year FD. Compare Other Rates Here

Bank Of Baroda (BoB) FD Interest Rate: Bank of Baroda offers 12 maturity options for retail fixed deposits (FDs). The bank pays a 6.25% return to its customers on one-year fixed deposits (FDs) up to...

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Diesel Rate Hiked For Third Day, Petrol Unchanged For Fourth Day

Petrol, Diesel Price Today: With effect from 6 am on December 21, the price of petrol was Rs 74.63 per litre and Delhi and Rs 80.29 per litre in Mumbai, up 20 and 21 paise per litre respectively...

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RBI To Simultaneously Buy, Sell Bonds To Curb Yields

The RBI said it had decided to conduct the special OMO after reviewing the liquidity and market situation and assessing financial conditions.

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Sundar Pichai To Get $240 Million Stock Package in 2020

Sundar Pichai has in the past led the development of Google Toolbar and then Google Chrome, which grew to become the world's most popular internet browser.

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Nirmala Sitharaman Holds Pre-Budget Consultation With Economists

There were suggestions for reforms in the small savings rate and boosting agricultural exports.

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Bankers, Insurers To Go On Strike On January 8

The strike has been called to protest against the anti-labour policies of the Central government and demanding job security, AIBEA General Secretary C.H. Venkatachalam said.

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India's Export Hub Dream Needs New Reforms: Gita Gopinath

About regulatory issues in the country, Ms Gopinath said that regulatory uncertainty in India is one of the reasons for the ongoing economic slowdown.

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Fitch Cuts India GDP Growth Forecast To 4.6% For Current Financial Year

The Fitch's FY2019-20 growth forecast is lower than 4.9 per cent projection by Moody's and 5.1 per cent by Asian Development Bank.

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Note Ban, GST, Mega Bank Mergers: A Recap Of Key Turning Points In 2010s

An array of developments, ranging from GST and demonetisation to corporate tax rate cut and banking reforms, has transformed the economic landscape of the country.

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From Coal India To IRCTC: These IPOs Saw Bumper Demand In 2010s

From Jubilant FoodWorks and Coal India in 2010 to IRCTC and Ujjivan Small Finance Bank in 2019, a number of companies have forayed into the Indian capital markets in the past 10 years. These...

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Industry Needs To Come Out Of ''Self-Doubt'' Mood, Says Finance Minister

Emphasizing that development and growth are the two priorities, she said this government remains committed to reform.

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After Sensex Soars Over 100% In 2010s, Analysts Eye More Money In Stocks

The surge in stock markets indicate that money invested at the start of 2010 in an index fund of Sensex, Nifty or Nifty 500 would have yielded a minimum return of 100 per cent.

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Sensex, Nifty End Flat; Government-Owned Banks Outperform

Eight of 11 sector gauges compiled by National Stock Exchange ended higher led by the Nifty PSU Bank index's over 2 per cent gain.

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Anand Mahindra To Step Down As Mahindra & Mahindra Executive Chairman

The change in the company's top management was in tandem with market regulator Sebis guidelines, Mahindra & Mahindra said.

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PM Modi Exhorts India Inc To Take Bold Investment Decisions

Speaking at an industry chamber Assocham event, PM Modi said a massive Rs 100 lakh crore will be spent in the coming years on building infrastructure.

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Working To Decriminalise Offences Under Companies Act: PM Modi

India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.

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India Will Emerge Stronger From Economic Slowdown, Says PM Modi

PM Modi said that the current government has cut the corporate tax rate and is lowest when compared with tax rate during the previous governments.

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As Economy Slows, Indian States Face Crunch Time For Their Finances

Any slippage could see India's overall public finances come under pressure and raise the risk of a downgrade by rating companies. Only last month, Moody's Investors Service cut the nation's credit...

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Asian Shares Hold Near 18-Month Highs, Up Over 1% So Far This Week

Trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month. MSCI's broadest index of Asia-Pacific shares outside Japan was a...

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Sensex, Nifty Open Higher

SensexOn Thursday, the S&P BSE Sensex index had ended 115.35 points - or 0.28 per cent - higher at a record closing high of 41,673.92 and the broader NSE Nifty benchmark settled at a record 12,259.70,...

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India's Top Banks Offer These Interest Rates On Fixed Deposit (FD)

FD Interest Rates 2019: The country's largest banks by market value - SBI, HDFC Bank, Kotak Mahindra Bank, ICICI Bank, Axis Bank, PNB, Bank of Baroda, IndusInd Bank, Bandhan Bank and IDBI Bank -...

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Sensex, Nifty Likely To Open Flat Today

On Thursday, the S&P BSE Sensex index had ended 115.35 points - or 0.28 per cent - higher at a record closing high of 41,673.92 and the broader NSE Nifty benchmark settled at a record 12,259.70, up...

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IDBI Bank Pays 6.95% Return To Senior Citizen On 1-Year FD. Read More

PNB Pays 6.8% Return To Senior Citizen On 1-Year FD. Read More

Bandhan Bank Pays 8% Return To Senior Citizen On 1-Year FD. Read More

IndusInd Bank Pays 7.75% Return To Senior Citizen On 1-Year FD. Read More

HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

Kotak Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

RBI Sees Room For Rate Cuts, Await Clarity On Inflation, Minutes Show

The Reserve Bank of India unexpectedly left its key repo rate unchanged earlier this month, even as it slashed its forecast for economic growth to its lowest in over a decade.

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Pre-Budget Meet: India Inc Seeks Ease Of Doing Business

During an interactive session lasting over two hours, prominent industrialists spoke about improving the regulatory environment to safeguard investments.

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NTPC Snubs Emissions Tech, Shuts Out GE, Others From $2 Billion Orders

Despite struggling with some of the world's worst air pollution levels, India has already pushed back a deadline to cut emission levels to up to 2022.

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Sensex, Nifty Close At Records Highs For Third Day in A Row

Twelve of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Telecom index's 2.2 per cent gain.

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GST Council Fixes 28% Uniform Tax Rate For Lottery

Briefing reporters after the meeting of the Council, Revenue Secretary Ajay Bhushan Pandey said the new rate for lottery will come into effect from March 2020.

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Room For Strong Growth For Microfinance In India: KPMG

Eastern and northeastern regions of the country have played a key role with the highest share of loan portfolio at 35 per cent.

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India Ratings Downgrades Yes Bank To A, Places on Rating Watch Negative

Ind-Ra said the bank is likely to face balance sheet expansion challenges over short-to-medium term as it implements new strategies.

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Oyo Says Softbank's Yahoo Japan Exits Japan Apartment Venture

Oyo, which is also backed by SoftBank Group Corp, said it has bought back the shares in Japanese apartment rental company Oyo Life held by internet firm Yahoo Japan, now known as Z Holdings, for an...

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Sensex, Nifty Recoup Losses; Sensex Claws Back Above 41,600

The top gainers on the BSE were Hero MotoCorp was trading at Rs 2368, higher by 2.4%, M&M was at Rs 535, higher by 2.3% and Hindustan Unilever was at 1964, up 1.8 per cent. Tata Motors and TCS gained...

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UK'S Richest Woman Gets $422 Million Pay From Betting Empire

Her salary of 276.6 million pounds from the closely held firm makes her one of the world's best-paid bosses. It also strengthens her status as the UK's richest woman, adding to a fortune already among...

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Sensex, Nifty Edge Lower As Markets Give Up Early Gains

Losses in banking, financial services and infrastructure stocks pulled the markets lower however gains in information technology shares limited the downside.

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Ruling On Cyrus Mistry Leaves Tata "Rudderless" As It Faces Key Decisions

Tata can appeal the ruling to the Supreme Court. But the turmoil couldn't have hit at a worse time for a $110 billion conglomerate whose products range from salt to software.

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Asian Shares Ease From Highs, Reaction To Donald Trump Impeachment Muted

Market reaction, however, has so far been limited as the Republican-controlled Senate is widely expected not to vote to remove Trump from office.

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Sensex, Nifty Likely To Open Lower Today; Tata Group Shares In Focus

The S&P BSE Sensex had risen 206.40 points or 0.50 per cent - to end at a record 41,558.57 and the broader NSE Nifty benchmark climbed 56.65 points (0.47 per cent) to a closing high of 12,221.65.

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GST Council Fixes 28% Tax Rate On Lottery, Says Revenue Secretary

GST Council decided to exempt long term lease on industrial plots to facilitate setting up of industrial parks.

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GST Council Votes First Time, Settles Uniform Lottery Rate

This is the first time since the launch of the new overarching indirect tax that the Council has taken a decision through the voting route.

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Tribunal's Orders Goes Beyond Relief Sought By Appellant, Says Tata Sons

Cyrus Mistry was restored as the executive chairman of Tata Sons today by the National Company Law Appellate Tribunal (NCLAT).

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How Tata Stocks Reacted To Cyrus Mistry's Return As Executive Chairman

Tata Motors surrendered all its gains to end at 174.70, down 3%, Tata Chemicals gave up all its early gains to end at Rs 643.30, down 1.6%, and Tata Global ended at Rs 311.80, down 4.1% and Voltas...

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Cyrus Mistry Restored As Tata Sons Chairman: Here Is Chronology Of Events

Cyrus Mistry-NCLAT News: The National Company Law Appellate Tribunal (NCLAT) on Wednesday restored Cyrus Mistry as executive chairman of Tata Sons.

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Cyrus Mistry Restored As Tata Sons Chairman, Here Is His Profile

Mistry family owns about 18.5 per cent in Tata Sons, since the past six decades, making them the largest non-promoter shareholder in the group.

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Sensex, Nifty Close At Record High For Second Consecutive Day

Gains in steel and select bankng stocks pushed the markets higher. Analysts awaited the outcome of a key meeting of the GST Council due later in the day for domestic cues.

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Cyrus Mistry restored as Tata Group Executive Chairman by Company Law tribunal NCLAT: news agency PTI

The NCLAT restored Cyrus Mistry as executive chairman of the salt-to-software conglomerate, Tata Group.

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Prince Pipes and Fittings IPO Opens. Here Is All You Need To Know

Prince Pipes IPO Share Price: Prince Pipes has fixed IPO price band at Rs 177-178 per share, a premium of Rs 167-168 per share over face value of Rs 10 per share. Bids can be placed for a minimum of...

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Why Asset Managers In India Are Beating Most Of Their Global Rivals

Retail investors piled into mutual funds after the government ban on high-value currency bills in 2016 hurt returns from gold and property.

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Opinion: $680 Million Question of What Anil Ambani Knew

The $680 million is the amount Industrial & Commercial Bank of China Ltd. is seeking to recover from the former Indian billionaire by invoking what they say is a personal guarantee he gave in 2012 to...

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What Is Propelling Indian Shares To All-Time Peaks

The Nifty was up 0.15 per cent at 12,183.50, as of 9:26 am, having touched an all-time high of 12,197.65 earlier in the session.

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Budget Likely To Cut Tax Rates For Individual Taxpayer: Report

Prime Minister Narendra Modi earlier this year cut corporate tax rates to 15 per cent for new manufacturers and to 22 per cent for existing companies, from about 30 per cent.

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Telecom Stocks Mixed Post Telecom Regulator's Decision To Defer Zero-IUC

"For wireless to wireless domestic calls, termination charge would continue to remain as Re 0.06 (paise six only) per minute up to 31st December 2020. From 1st January, 2021 onwards the termination...

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Infosys Settles Tax Fraud Charges In US, Shares Rise Over 1%

The allegations pertain to the period between 2006 and 2017, when approximately 500 Infosys employees were working in California on Infosys-sponsored B-1 visas rather than H-1B visas, California...

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Sebi Notice To PC Jeweller Managing Director Over Insider Trading

"In light of the alleged violations by Balram Garg, this order shall be treated as a notice calling upon him to show cause as to why direction shall not be passed against him to restrain him from...

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Sensex, Nifty Clock All-Time Highs

Sensex

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Infosys To Pay Rs 56 Crore To Settle Alleged Tax Fraud

This misclassification resulted in Infosys avoiding California payroll taxes such as the unemployment insurance, disability insurance, and employment training taxes.

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Sensex, Nifty Likely To Open Higher Today; GST Council Meeting In Focus

The Sensex had ended 413.45 points - or 1.01 per cent - higher at 41,352.17 and the broader Nifty settled at 12,165.00, up 111.05 points - or 0.92 per cent - from the previous close.

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Trai Defers Zero IUC For a Year To January 2021

The regulator in September had issued a discussion paper on deferring the implementation of the zero-interconnect usage charges (IUC) regime, saying that consumers are yet to migrate completely to...

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Onion Prices Hit New High Amid Disrupted Arrivals

The arrival of onion has decreased significantly as farmers have stopped harvesting new crop after recent rainfall in the several parts of the country increased the moisture in soil, said trade...

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Finance Ministry Sets Monthly GST Target Of Rs 1.1 Lakh Crore: Report

Mr Pandey also specifically urged the officers to ensure that no taxpayers are over-reached or troubled during field enforcement drives and visits, the source said.

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Industry Demands Export Promoting Measures, Simplification Of Labour Laws

Ficci President Sandip Somany said the meeting delved into infrastructure bottlenecks in terms of the rules, regulations which can help free up business.

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Sensex, Nifty Surge To Record Highs On Global Trade Optimism

Sensex surged as much as 463 points to hit an all-time high of 41,401.65 and the NSE Nifty 50 index climbed as much as 129 points to hit a new record high of 12,183.

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Sensex, Nifty Hit Record Highs On Global Trade Optimism

The metal index galloped by 3% at 2,673, with Tata Steel, Vedanta, Hindalco and JSW Steel surging by 2-5% each. Tata Motors, HDFC and Infosys were the other significant gainers on the NSE.

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RBI To Provide Free Round-The-Clock NEFT Payment Service

The facility is used to electronically transfer funds from one account to another of banks which are members of this system.

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Anil Ambani's Loan Testimony "Implausible, Highly Unlikely": London Judge

Judge David Waksman on Monday also said there is "a plain case" to issue an order against Anil Ambani after the banks asked for him to deposit funds.

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Sensex Rises Over 250 Points Hits Record High On Strong Global Cues

Risk sentiment was supported by the "phase one" China-US trade deal and Wall Street's run to all-time highs.

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Bankruptcy Recoveries From 4 Firms To Give Banks Rs 54,000 Crore Boost

Lenders are expected to benefit from the recovery process from four failed companies -- Essar Steel, Prayagraj Power, Ruchi Soya and RattanIndia Power.

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Sensex Rises Over 100 Points Led By Reliance Industries, Kotak Bank

Reliance Industries, Kotak Mahindra Bank, Infosys, ITC, ICICI Bank and Maruti Suzuki were among the top movers in the Sensex.

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ArcelorMittal Forms Joint Venture With Nippon Steel To Run Essar Steel

Essar Steel, which had debts of nearly Rs 50,000 crore, was among twelve large steel and infrastructure companies that were referred to bankruptcy court in 2017.

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Asian Stocks Ride Wall Street Momentum To Eight-Month Peak, Pound Slips

The mood carried MSCI's broadest index of Asia-Pacific shares outside Japan up 0.4 per cent to its highest since April.

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GST Council's 38th Meeting On Wednesday. Here's All You Need To Know

The GST Council, chaired by Finance Minister Nirmala Sitharaman, is due to meet on Wednesday. Economists, analysts, corporates and market participants will look out for any major announcements on GST...

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Global Car Sales Expected To Decline For Third Straight Year: Moody's

According to Moody's, the global demand for light vehicles will remain sluggish amid weakening economic growth in key markets.

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Centre Releases Rs 35,000 Crore GST Compensation To States, UTs

The GST Council, the highest decision making body of the indirect tax regime, is slated to hold its meeting on December 18.

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What is Economic Survey? 10 Things To Know

The first section is the most crucial part of the Survey as the CEA shares his perspective on the economy, provides insights on government's plans, delineates the policy challenges faced by the...

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RBI Governor Reiterates There Is More Scope To Cut Rates

The monetary policy committee (MPC) surprised markets and analysts this month by holding rates steady after trimming the key interest rate by 135 basis points since the beginning of the current rate...

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Vistara Chief Commercial Officer Sanjiv Kapoor Resigns

He will step down on Dec 31, the full-service airline said in a statement on Monday.

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Sensex, Nifty End With Negative Bias; ITC, Hindustan Unilever Top Losers

Eight of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Metal and Nifty FMCG indexes over 1 per cent decline.

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IDBI Bank Pays 6.95% Return To Senior Citizen On 1-Year FD. Read More

Bank Of Baroda Pays 6.25% Interest On 1-Year FD. Compare Other Rates Here

RBI Saw Slowdown, Acted Ahead Of Time By Cutting Rates: Shaktikanta Das

The RBI chief hoped that the US-China truce on trade tariffs, announced over the weekend, would last as he pitched for coordinated efforts to push global growth

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Essar Steel Resolution To Boost December Quarter Profitability: SBI Chief

Essar Steel was auctioned under the Insolvency and Bankruptcy Code to recover Rs 54,547 crore of dues of financial lenders and operational creditors.

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What Is Budget? Key Terms Needed To Follow Budget Developments

The Union Budget is also known as annual financial statement as it is a yearly statement of estimated receipts and expenditures of the Government of India. It outlines estimates of the government's...

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Wholesale Inflation Rises 0.58% In November

Wholesale or headline inflation - the rate of increase in wholesale prices - is gauged by the Wholesale Price Index (WPI).

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FASTag Is Mandatory For Your Car. Here Is How You Can Buy FASTag

FASTag news updates: Vehicles without a FASTag will be charged double the fee in cash for passing through a FASTag-only lane.

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India's Economy Constrained By Weakening Household Consumption: Moody's

Moody's has lowered its GDP growth projection for India for the fiscal year ending March 2020 to 4.9 per cent from 5.8 per cent.

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Sensex, Nifty Turn Flat; ITC, Sun Pharma Top Losers

Mid- and small-cap shares were trading with mixed as Nifty Midcap 100 index fell 0.15 per cent and Nifty Smallcap 100 index advanced 0.3 per cent.

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Sensex Opens Over 100 Points Higher, Nifty Bank Hits Record High

The S&P BSE Sensex rose as much as 175 points and the NSE Nifty 50 index advanced 48 points to hit an intraday high of 12,086.70.

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Asian Shares Up As 'Phase One' Trade Deal Boosts Confidence

Australia's S&P/ASX 200 led the way as it jumped 1.24 per cent, while shares in Taiwan and South Korea added about 0.1 per cent.

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Mother Dairy Hikes Milk Price In Delhi From Today

The milk price component in wholesale price index has shown an upward trajectory for the past seven years.

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Stagflation Concerns To Steer Sensex, Nifty In Coming Week: Analysts

Lately, macroeconomic data on inflation and industrial production spooked investors as they indicated that the country's economy has entered into a phase of stagflation.

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PNB Pays 6.8% Return To Senior Citizen On 1-Year FD. Read More

Bandhan Bank Pays 8% Return To Senior Citizen On 1-Year FD. Read More

IndusInd Bank Pays 7.75% Return To Senior Citizen On 1-Year FD. Read More

India's Top Banks Offer These Interest Rates On Fixed Deposit (FD)

Fixed Deposit (FD) Interest Rate News: Five of the country's largest banks by market value - SBI, HDFC Bank, Kotak Mahindra Bank, ICICI Bank and Axis Bank - provide interest rates to the tune of...

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HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

HDFC Bank FD Interest Rate: HDFC Bank offers 13 maturity options for retail fixed deposits (FDs). HDFC Bank pays an 6.8% interest to senior citizens on one-year fixed deposits (FDs) up to Rs 2 crore.

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Kotak Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

Axis Bank Pays 7.05% Interest To Senior Citizens On 1-Year FD. Read More

ICICI Bank Pays 6.85% Interest To Senior Citizens On 1-Year FD. Read More

SBI Pays Up To 6.75% Return On 1-Year Fixed Deposits. Compare Rates Here

How To Apply For SBI Chip And PIN-Based Card To Exchange Magstripe Card

SBI EMV Chip And Pin-Based Debit Card: Those holding SBI Magstripe debit cards need to apply at their home branch by December 31 to get a new EMV chip and pin-based debit card. SBI said it will...

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December 31 Last Date To Link Aadhaar With PAN. How To Do It Online

Aadhaar-PAN Linking Last Date: The government in September this year extended the due date for linking the PAN with the Aadhaar by three months, marking the seventh extension in the due date for the...

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CCI Approves Stake Buy In SBI General Insurance By Napean

SBI General Insurance is engaged in the business of providing general insurance products in India. The insurance products offered include motor, health, personal accident, travel, home, aviation,...

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SpiceJet Grounds 3 Aircraft Citing Defects

According to the company's statement, "During an internal examination of IAI's manufacturing facilities, a potential defect was discovered in the process used to manufacture the 9G rigid barrier...

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Global Growth In 2020 To Stabilize Commodity Prices: Report

The report points out three key drivers of the commodity reflation. "US Dollar is beginning to rollover. A weaker US Dollar is likely to ease global tightness and trigger a commodity rebound," the...

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After Several Cancellations, Government To Allot 6 Coal Mines Soon

These mines will add more than 5mt coal per annum,boost the coal production in the country and reduce the dependence of industries on imported coal. This will also generate about Rs 15,000 crore...

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7th Economic Census Expected To Be Completed By March 2020

"For the first time, the entire Census is being conducted on a digital platform with the use of an application that will ensure high accuracy and data security. In Delhi, the entire process will take...

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RBI Central Board Discusses Policy Structure For Cooperative Banks, NBFCs

The NBFC sector has been under pressure since Infrastructure Leasing and Financial Services (IL&FS) went burst in 2018. This created a liquidity crunch for the banking sector as it affected banks that...

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More Formal Jobs Created In FY18: Krishnamurthy Subramanian

"The labour laws have been streamlined into four laws. The Code of Wages 2019 was notified in August 2019, Code on Occupational Safety, Health and Working Conditions Bill, Industrial Relations Code...

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Government Steps To Boost Consumption Showing Impact: Economic Advisor

Stating the government is focusing on increasing consumption to boost economic growth, he said the government and PSU dues were cleared in two stages; up to Rs 61,000 crore previously and dues of 32...

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Record High: India's Forex Reserves Rise To Over $453 Billion

The RBI's weekly data showed that the value of the country's gold reserves went up by $430 million to $27.07 billion. Similarly, the SDR value inched up by $5 million to $1.44 billion and the...

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RBI To Provide Liquidity Facility To Make NEFT System 24x7

The Reserve Bank of India (RBI) has decided to provide an additional collateralised intra-day liquidity facility for smooth operation of National Electronic Funds Transfer (NEFT) payment system on a...

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Policy Intervention In Economy To Continue When Needed:Nirmala Sitharaman

"Till now, sectors that have demanded some kind of intervention, we have responded to them. I'll be keen to see whether these steps are meeting the expectations of the sectors. If not, I may want to...

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Centre Keeping Vigil On Onion Prices: Finance Minister Nirmala Sitharaman

Replying to a query on the rising onion prices, the minister replied: "Onion prices have started to fall in some places from their peak levels, although they have not declined as per requirement."

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Government Says Committed To Doubling Farmers' Income By 2022

Describing the data of agricultural production, he said production of foodgrains rose at 8.40 per cent annually during 2014-19, during the discussion on 'Crop loss and its impact on farmers.'

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Gold Sold At Discount As Wedding Demand Disappoints

"Demand is modest from jewellers, but there is ample supply from refiners that are aggressively selling in the market," said Harshad Ajmera, a gold wholesaler in Kolkata. India's gold imports in...

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I-T Department Tax Refunds Up At Rs 1.57 lakh Crore: Revenue Secretary

He said "By December 15, the advanced tax for Q3 will come and at that stage we will get an idea of what is going to be the impact of corporate tax reduction announced in September. Each company will...

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Budget Likely On February 1, Economic Survey On January 31: Report

"Tradition will continue," Parliamentary Affairs Minister Prahlad Joshi said earlier on Friday when askedwhether the government would continue with the tradition of presenting the budget on the first...

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November Trade Deficit Narrows To $12.12 Billion

Merchandise exports fell 0.34% to $25.98 billion in November, compared with a year earlier, while imports were down 12.71% at $38.11 billion, the data showed.

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Government's Stimulus Report Card Says FDI Inflows At Record Levels

"Continuous liberalization has resulted in record FDI inflows of $35 billion in H1 2019-20 as against $31 billion in H1 2018-19," showed a presentation by the ministry.

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No Comments On 'Stagflation': Finance Minister Nirmala Sitharaman

Several economists have expressed concerns after the official data on Thursday showed that retail inflation soared to 5.54 per cent in November, a steep rise of 92 basis points from the inflation...

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'Spent 66% Of Rs 3 Lakh Crore Budgeted Expenditure On Infra'

CPSEs have undertaken capital expenditure of Rs 1 lakh crore and are likely to further undertake capital expenditure of Rs 60,000 crore

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Sensex Rises Over 400 Points, Ends Above 41,000 For First Time In 2 Weeks

The Sensex ended 428 points or 1.05 per cent to 41,009 and the Nifty 50 index was up 0.9 per cent or 115 points at 12,086. This is the biggest single-day gains in point terms since November 25.

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RBI Buying Dollars Via State-Run Banks: Traders

Earlier in the session, the rupee touched 70.51, its strongest level since September 30.

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Sensex Holds 350 Points Lead, Nifty Above 12,000 On Strong Global Cues

Seventeen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal index's 2 per cent gain.

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Rising Retail Prices Stokes Worries Of Stagflation

Annual retail inflation increased to 5.54 per cent last month, faster than the 4.62 per cent rate in October.

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Pound Powers Higher As Expected Tory Win Clears Brexit Doubts

The early UK poll results suggest the election will relieve almost four years of uncertainty about when Brexit would take place.

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Sensex Rises Over 250 Points, Nifty Reclaims 12,000

Buying was visible across sectors as 17 of nineteen sector gauges compiled by BSE were trading higher led by the S&P BSE Metal index's over 2 per cent gain.

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100% Stake Sale In Air India Approved, Says Hardeep Singh Puri

To improve aviation sector, government has given in-principle approval for leasing of six airports of Airports Authority of India, Mr Puri said.

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Nestle Fined Rs 90 Crore For Not Passing On GST Rate Cut

National anti-profiteering agency has penalised the FMCG giant for not passing on the benefit of the goods and services tax reduction to consumers.

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Government Not To Waive Interest On Adjusted Gross Revenue Dues

The telecom companies have filed review petitions in the Supreme Court on AGR dues, seeking waiver of penalties and interest charges.

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November Retail Inflation Accelerates To 5.54%, Here's What Experts Say

November inflation was higher than 5.26 per centforecast in a Reuters poll of analysts.

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Disinvestment Of Air India Should Improve Competition: Airlines Body

IATA said that the Jet Airways' bankruptcy - which happened in April this year - does raise questions on the sustainability of the Indian aviation sector.

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Industrial Output Contracts 3.8% In October

The cumulative growth in April-October over the corresponding period of the previous year was 0.5 per cent.

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Saudi Aramco Market Value Tops $2 Trillion On Second Day Of Trading

Since its trading debut on Wednesday, Aramco's share price has already soared 20.6 per cent from the 32 Riyals.

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Consumer Inflation At Over Three-Year High Of 5.54% In November

Consumer inflation came in at 5.54 per cent in November accelerating from 4.62 per cent in the previous month, official data showed on Thursday. High food inflation driven by a continued surge in...

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Government Rules Out BSNL, MTNL Disinvestment

State run BSNL's losses for the year 2018-19 has doubled to nearly Rs 15,000 crore from 2017-18 and revenue has also dwindled to Rs 19,321 crore in fiscal 2019.

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Saudi Aramco Market Value Tops $2 Trillion

Aramco's stock sale is the cornerstone of Prince Mohammed's ambitious strategy to overhaul the oil-reliant economy by raising funds to pour into mega projects and non-energy industries such as tourism...

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Sensex, Nifty End Higher Led By Gains In Metal, Banking Shares

Sixteen of 19 sector gauges compiled by BSE ended higher led by gains in S&P BSE Metal index's 2.4 per cent gain.

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Infosys Faces Class Action Lawsuit In US For False Financial Statements

According to the complaint, Infosys made false and misleading statements to the market and used improper recognition of revenue to boost short-term profits.

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Sensex Rises Over 300 Points, Nifty Reclaims 12,000

Sixteen of 19 sector gauges compiled by BSE were trading higher led by the S&P BSE Metal index's 2.7 per cent gain.

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India's Economy To Grow At 4.3% In December Quarter: Nomura

Nomura remains concerned about growth prospects, saying cyclical factors that were responsible for the slowdown look to persist well into 2020.

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Ujjivan Small Finance Shares Make Strong Market Debut

Ujjivan Small Finance Bank Share Price Today: In a blockbuster IPO which concluded last week, Ujjivan Small Finance Bank - an arm of Bengaluru-based financial company Ujjivan Financial Services - saw...

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Cabinet Clears Amendments to IBC: Key Things To Know

The IBC (Second Amendment) Bill, 2019, is likely to be introduced in the current session of the Parliament. The measure will streamline the insolvency resolution process and protect last mile funding,...

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Sensex Rises Over 150 Points, Nifty Touches 11,950 Mark

Domestic stock markets are started Thursday's session on a positive note tracking gains in Asian peers which rose to a one-month high. The S&P BSE Sensex index moved up as much as 153.06 points to...

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Sensex, Nifty Likely To Open Higher Today

The S&P BSE Sensex index had on Wednesday ended 172.69 points - or 0.43 per cent - higher at 40,412.57 and the broader NSE Nifty benchmark settled at 11,910.15, up 53.35 points - or 0.45 per cent -...

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Cabinet Approves Indo-Japan Pact In Steel Sector

The 'India-Japan Steel Dialogue' envisages enhancement of mutual understanding to secure sustainable growth in the steel sector.

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Automakers Focus On Exports To Prop Up Sales, Reduce Inventory: Experts

The overseas sales of three-wheelers in November rose by 2.04 per cent to 47,827 units.

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Government Eases Lending Rules For Weak Shadow Banks

The government said it would allow state-run banks to get partial guarantees against the purchase of BBB+ rated securities of these shadow banks.

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Walmart, Flipkart Jointly Invest In Ninjacart Startup

Ninjacart offers business to business (B2B) supply chain infrastructure and technology solutions with traceability feature.

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Infosys Projected As Top Employer In Asia Pacific Region

Software major Infosys has been projected as a top employer in Australia, Japan and Singapore across the Asia-Pacific region in 2020.

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Budget Documents Explained: How Budget Documents Are Categorised

Budget for financial year 2019-20, for example, will compare the estimates given earlier with actual expenditure that occurred - known as "Actuals" in the annual document - as well as the forward...

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Netflix Tests Cheaper, Yearly Subscription Plan In India

New users of Netflix in India may have the option to choose from three-, six- and 12-month plans at discounts of up to 50 per cent.

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Latest Interest Rates Charged By SBI On Home Loans

SBI's marginal cost-based lending rate or MCLR, the rate to which all of its home loans are linked, now stands at 7.90 per cent for the one-year tenor, down from 8.00 per cent earlier, according to...

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Sensex Ends Over 150 Points Higher Led By Gains In HDFC, Kotak Bank

Thirteen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Utilities index's 1.5 per cent gain.

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Saudi Aramco Shares Begin Trading After Raising World's Biggest IPO

Aramco has priced its IPO at 32 riyals ($8.53) per share, the high end of the target range, surpassing the $25 billion raised by Chinese retail giant Alibaba in its 2014 Wall Street debut.

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Sensex Falls Over 250 Points From Day's High

Domestic stock markets gave in to losses in volatile trade on Wednesday amid selling pressure in banking, metal and infrastructure stocks. The S&P BSE Sensex index fell as much as 287.77 points from...

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How Is Budget Prepared? Here Are Key Things to Know

The Budget also proposes and enhances expenditure outlay of various welfare schemes run by the government of India such as Mahatma Gandhi National Rural Employment Guarantee Scheme

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Reserve Bank Of India February Rate Cut On A Knife's Edge: Poll

With economic growth at its weakest in over six years, 49 per cent of economists, 33 of 67, in a snap poll taken after the Monetary Policy Committee's decision, predicted that would be a temporary...

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ADB Cuts India Growth Forecast To 5.1% For Fiscal Year 2019

The ADB also lowered its forecast for South Asia's largest economy India for fiscal years 2019 and 2020 to 5.1 per cent and 6.5 per cent, from its September estimates of 6.5 per cent and 7.2 per cent,...

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Byju, Swiggy, Zomato, Myntra May Lead Next Wave Of Unicorn Listings

One of the companies is Byju, creator of an education app, in which Pai's Aarin Capital Partners owns a stake. The other companies that he expects to list in the markets in the next few years include...

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Government Targets New Bilateral Deals After Exiting China-Backed RCEP

New Delhi is working to strengthen trade deals with the ASEAN group, as well as South Korea and Japan, Commerce Minister Piyush Goyal, told lawmakers in Parliament on Tuesday.

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Sensex Gains Over 100 Points, Nifty Firm Above 11,850

The Sensex had on Tuesday ended 247.55 points - or 0.61 per cent - lower at 40,239.88 and the Nifty settled at 11,856.80, down 80.70 points (0.68 per cent) from the previous close.

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Sensex, Nifty Likely To Open Flat Today

Here's How Much You Pay For Petrol, Diesel In Your City Today

Tata Motors Group's November Global Wholesales Down 15%

The global wholesales of all passenger vehicles in November 2019 declined by 12 per cent on a YoY basis to 58,641 units.

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Electricity Demand Falls For Fourth Straight Month

Electricity demand fell to 94.60 billion units in November, from 98.84 billion units during the same period last year.

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IDBI Bank To Divest Stake In Two Subsidiaries

According to a regulatory filing, the lender will divest its stake to the extent of 49 per cent to prospective investors in ICMS and IIL.

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Yes Bank Delays Decision On Erwin Singh Braich's Investment Offer

A lack of enthusiasm was seen among investors after bank last month declared the list of investors who have offered to invest in Yes Bank.

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Rupee Ends Higher At 70.92 Against Dollar

Forex traders said the rupee gained ground on the back of foreign fund inflows, stable crude oil price and a weaker dollar index.

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GoAir Launches Flights On These Routes, Tickets From Rs 9,999

GoAir's flight G8 33 will depart from Delhi at 10:35 amand arrive Maldivesat 14:15 pm, and flight G8 34 depart from Maldives at 15:15 pmand arrive Delhi at 7:45 pmon Monday, Wednesday and Saturday,...

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SBI Under-Reported Bad Loans Worth Rs 11,932 Crore In 2018-19

After adjusting for divergence in provisioning, the bank had incurred notional loss of Rs 6,968 crore as against the reported profit of Rs 862 crore in financial year ended March 2019.

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Former Infosys CEO Vishal Sikka Joins Oracle's Board Of Directors

Oracle Chairman and CTO Larry Ellison said Mr Sikka is one of the world's leading experts in Artificial Intelligence and Machine Learning.

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Sensex, Nifty Resume Decline After A Day's Pause; Yes Bank Slumps 10%

Mid- and small-cap shares also witnessed selling pressure as the S&P BSE MidCap and S&P BSE SmallCap indexes dropped over a per cent each.

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Car Sales Fall 11% in November, Passenger Vehicle Production Up 4%: SIAM

Total passenger car sales in the domestic market fell nearly 11 per cent last month, data from industry body SIAM or Society of Indian Automobile Manufacturers showed on Tuesday. Sales of passenger...

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Sensex Falls Over 200 Points, Nifty Below 11,900; Yes Bank Drops 10%

Mid- and small-cap shares were also witnessing selling pressure as the S&P BSE MidCap index declined 0.9 per cent and the S&P BSE SmallCap index dropped 0.8 per cent.

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Auto Slowdown Continues, Sales Plunge By 12% In November

Two-wheeler sales declined by 14.27 per cent to 14.1 lakh units compared to 16.45 lakh units in the year-ago month.

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November Passenger Vehicle Production Rises, Says Industry Body

Sales of passenger vehicles were only marginally lower at 263,773 vehicles, compared with 266,000 vehicles last year, the report showed.

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Billionaire Behind Yes Bank Bid Claims Netflix Wants To Do Series On Him

Erwin Singh Braich says he has the money for the investment and has provided documentation to Yes Bank's Chief Executive Officer Ravneet Gill on his ability to pay.

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After Record Rally, Inflows Into Equity Funds Fall As Investors Reassess

A gush of cash from global funds drove a record-breaking rally in the nation's main equity indexes last month as investors bet the worst of the economic slowdown may have passed.

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Sensex Falls Over 50 Points, Nifty Near 11,900 Amid Choppy Trade

On Monday, the S&P BSE Sensex index had ended 42.28 points - or 0.10 per cent - higher at 40,487.43 and the broader NSE Nifty benchmark settled at 11,937.50, up 16.00 points - or 0.13 per cent - from...

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Sensex, Nifty Likely To Open Higher Today; Financial Stocks In Focus

Workers At State-Run Firms Oppose Privatisation Of Bharat Petroleum

BPCL operates three refineries with a combined capacity of 702,000 bpd in Maharashtra, Kerala and Madhya Pradesh.

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Walmart Had Good Dialogue With Government On Policy

Both the e-commerce majors, Walmart-run Flipkart and Amazon, have been facing criticism and protests by the Confederation of All India Traders (CAIT).

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10 Things To Know About First Budget Of Independent India

Finance Minister Nirmala Sitharaman will present the full-year Budget for 2020-21 on February 1, 2020. The budget is an annual financial statement of a government, detailing its revenue and...

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Rupee Advances 16 Paise To 71.04 Against Dollar

The dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.13 per cent to 97.57.

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Pressure On Finance Companies Due To Shadow Bank's Crisis: Moody's

Moody's Investors Service's outlook for the banking industry in Asia Pacific is negative over the next 12 months.

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Petrol, Diesel Prices Raised Across Four Metros. Check Latest Rates Here

Cumulatively, petrol price has been increased by Rs 2.30 per litre in the last one month. Diesel prices, however, have been moderate in their movement.

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Gold Price At Rs 37,790 Per 10 Grams In Delhi. Details Here

Spot gold was last seen 0.2 per cent up at $1,462.10 per ounce. US gold futures rose 0.1 per cent to $1,466.50.

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Sensex, Nifty End Marginally Higher Led By HDFC, Reliance Industries

Six of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty Realty index's 1.6 per cent fall.

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Sensex Jumps Over 200 Points, Nifty Crosses 11,950 As Markets Rebound

Domestic stock markets recovered early losses on Monday amid volatile trade following gains in Asian peers. The S&P BSE Sensex index rose as much as 200.48 points to touch 40,645.63 on the upside and...

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Vistara Signs Codeshare Agreement With Lufthansa

Sales under the codeshare pact opened on all channels for flights starting December 16, Vistara said.

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SBI Home Loan Borrowers To Pay Lower EMIs From December 10

The move marked the eight consecutive reduction in MCLR by SBI so far this financial year.

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SBI To Deactivate These Debit Cards By December 31. Here's What To Do

The Reserve Bank of India (RBI) had last year directed commercial banks to migrate their customers from Magstripe cards to the EMV chip and PIN-based cards.

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Sensex Falls Over 100 Points, Nifty Drops Below 11,900

The Sensex had ended 334.44 points - or 0.82 per cent - lower at 40,445.15 on Friday and the Nifty settled at 11,921.50, down 96.90 points - or 0.81 per cent - from the previous close.

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As Giants Reliance, ICICI, HDFC Bank Lead Rally, Investors Weigh Options

The S&P BSE Sensex has risen about 12 per cent from a low in September, with three members -- Reliance Industries Ltd., ICICI Bank Ltd. and HDFC Bank Ltd. -- accounting for 61 per cent of all the...

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China's Potential Growth Below 6% Over Next 5 Years: Central Bank Adviser

The economy could grow between 5 per cent and 6 per cent from 2020 to 2025, Liu Shijin, a policy adviser to the People's Bank of China, said at a conference in Beijing, according to an article he...

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Analysts See More Upside After Sensex, Nifty Register Weekly Loss Of 1%

The Nifty Bank registered a loss of 1.89 per cent for the week, after moving higher for eight consecutive weeks.

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This Is How Much You Pay For Petrol And Diesel Today

Petrol Price Today, Diesel Rate Today: The price of petrol remained at Rs 74.86 per litre and that of diesel at Rs 65.84 per litre in the national capital on Sunday. In Mumbai, the price of petrol was...

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Inflation, Factory Activity Data To Drive Equity Markets: Experts

In terms of macroeconomic data, investors will look forward to the release of industrial production, retail and wholesale inflation figures next week.

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LPG Becomes More Expensive, Price Up Rs 120.5/Cylinder Since August

LPG Cylinder Price This Month (November 2019): Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. For any additional purchases, the consumer has to bear...

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Kotak Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

Kotak Mahindra Bank FD Rates: Kotak Mahindra Bank offers 20 maturity options for retail fixed deposits to its customers, ranging from seven days to 10 years.

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ICICI Bank Pays 6.85% Interest To Senior Citizens On 1-Year FD. Read More

ICICI Bank FD Rates: ICICI Bank offers 16 maturity options for retail fixed deposits to its customers, ranging from seven days to 10 years.

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HDFC Bank Pays 6.8% Interest To Senior Citizens On 1-Year FD. Read More

HDFC Bank Interest Rate: HDFC Bank offers 13 maturity options for retail fixed deposits to its customers, ranging from seven days to 10 years.

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Axis Bank Pays 6.75% Interest To Senior Citizens On 1-Year FD. Read More

Axis Bank FD Interest Rates: Axis Bank offers a total of 29 maturity options for retail fixed deposits to its customers, ranging from seven days to 10 years.

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SBI Pays 6.75% Interest To Senior Citizens On 1-Year FD, Details Here

SBI FD Interest Rate: State Bank of India (SBI) offers eight maturity options for retail fixed deposits, ranging from seven days to 10 years.

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Government Mulls More Measures To Boost Economy: FM

Asked if there could be more measures to bolster economic activity, she said, "If I say yes, it will be when and if I say yes it's also going to be back to me saying are you not too close to the...

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Government To Set Up Panels To Sort Out Startups Issues: DPIIT Secretary

"The apex committe will be chaired by the Commerce and Industry minister. I will chair one committee. We will soon call a meeting on inter-ministerial discussion with department of revenue, department...

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Government to Examine Pension Fund Investment In Startups:DPIIT Secretary

"This issue has been raised by the industry before the Minister and at the Venture Capital meet in Goa. At a conceptual level, the idea looks like a very attractive opportunity because it brings a lot...

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Nirmala Sitharaman Invites Suggestions On 'GST Feedback Diwas'

As per the arrangement, people with suggestions can approach GST offices across the country and give their suggestions. In a statement on Friday, the Ministry of Finance said: "All GST stakeholders...

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Auto Component Industry's Turnover Falls Over 10% In April-September

The Automotive Component Manufacturers Association of India said subdued vehicle demand, recent investments made for transition from BSIV to BSVI emission norms, liquidity crunch, lack of clarity on...

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India's Forex Reserves Rise To Over $451 Billion

According to the Reserve Bank of India's weekly statistical supplement, the overall forex reserves increased to $451.08 billion from $448.59 billion reported for the week ended November 22.

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RBI To Make NEFT System Available 24x7 From December 16

The facility is used to electronically transfer funds of banks which are members of this system, from one account to another. "The system will be available on all days of the year, including...

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Rupee Settles 9 Paise Up At 71.20 Against US Dollar

The local unit opened at 71.30 and shuttled between a high of 71.19 and a low of 71.43. It finally finished at 71.20, lower by 9 paise.

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Key Things To Know About SBI Public Provident Fund (PPF) Scheme

The PPF scheme, which was introduced by the National Savings Organization in 1968 to mobilize small savings, offers an investment avenue with decent returns coupled with income tax benefits, according...

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Jio's New 1.5 GB/Day Data Plans: Prices, Validity, Other Benefits Here

Jio recharge offers: Reliance Jio is currently offering four different recharge plans for usage 1.5 GB of high speed internet data. Jio's recharge plans also offer local, STD voice calls and SMSes...

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Sensex Ends Over 300 Points Lower As Markets Fall For Second Straight Day

All the 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank index's over 4 per cent fall.

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Maruti Suzuki Recalls 63,493 Units Of Ciaz, Ertiga, XL6

Earlier in the week, the company announced to increase the prices of its vehicles from January 2020, which it attributed to the rise in the input costs.

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Saudi Aramco Raises $25.6 Billion In World's Biggest IPO

The state-owned oil giant set the final price of its shares at 32 riyals ($8.53), valuing the world's most profitable company at $1.7 trillion.

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Sensex Drops Over 500 Points From Day's High on Broad-Based Selloff

All the 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty PSU Bank index's 4 per cent fall.

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Tatkal Ticket Booking Rules, Timings, Charges And Other Details Here

Bookings for Tatkal train tickets open on the IRCTC website and mobile application as well as at the Railway Reservation centres at 10:00 AM for air-conditioned (AC) classes

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India's Top Five Banks Offer These Interest Rates On Fixed Deposit (FD)

Vodafone Idea To Close If No Relief From Government: Kumar Mangalam Birla

A Supreme Court ruling on the adjusted gross revenue (AGR) in October came as a huge setback for telecom companies, as it allowed the telecom department to recover dues worth Rs 1.33 lakh crore from...

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Sensex, Nifty Edge Lower Amid Choppy Trade: 10 Things To Know

Domestic stock marketsturned volatile by late-morning deals on Friday after startingthesession on a positive note. The S&P BSE Sensex rose as much as 172.54 points to touch 40,952.13 on the upside...

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Jio Launches New "All-In-One- Plans", Offers 300% More Benefits

Reliance Jio now offers 11 recharge plans priced from Rs 129 to Rs 2,199 with a validity period ranging from 28 days to 365 days.

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Sensex Rises Over 100 Points, Nifty Touches 12,050 In Early Trade

Domestic stock markets started Friday's session on a positive note amid gains in Asian peers. The S&P BSE Sensex index rose as much as 118.21 points to touch 40,897.80 on the upside in the first few...

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Sensex, Nifty Likely To Open Higher Today

The S&P BSE Sensex index had declined 70.70 points (0.17 per cent) to end at 40,779.59 on Thursday, and the broader NSE Nifty benchmark settled at 12,018.40, down 24.80 points (0.21 per cent) from the...

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Saudi Aramco Raises $25.6 Billion In Largest-Ever IPO

Saudi Aramco is considered the pillar of the kingdom's economic and social stability, and produces about 10 per cent of the world's oil, so investors are betting on the continued rise in oil prices.

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Corporate Lending Witnessing Lack Of Demand: SBI

Asked about the status of non-performing assets (NPA), SBI MD said that gross NPAs declined by 1.5 per cent to 7.2 per cent as on September 30.

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Rupee Ends Higher At 71.29 Against Dollar After RBI Policy Announcement

The rupee strengthened by 24 paise to settle at 71.29 against the dollar on Thursday after the RBI promised to continue with "accommodative" stance in its monetary policy. The central bank, however,...

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Gold Price At Rs 38,180 Per 10 Grams In Delhi, Check Latest Rates

Spot gold was last seen 0.2 up at $1,477.69 per ounce. US gold futures were up 0.2 per cent at $1,483.00 per ounce.

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Still Room For Another 50-Basis-Point Cut In Current Rate Cycle: Analysts

The Reserve Bank of India (RBI) acknowledged that it does have room to cut rates, but said it was concerned about inflation in the near term. The surprise status quo on rates came despite a worrying...

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Forex Reserves Cross $450-Billion Mark For First Time

RBI Governor Shaktikanta Das that the forex reserves have gained by $38.8 billion since the beginning of the current fiscal year as of December 3. The reserves have been surging to new highs every...

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RBI To Tighten Governance Rules For Urban Co-Operative Banks

The RBI will also bring large urban co-operatives under the Central Repository of Information on Large Credits (CRILC) framework.

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Jio's New Plans: How It Compares With Packs Of Airtel, Vodafone Idea

While Airtel and Vodafone have already launched their new plans, Jio will increase tariffs of its all-in-one mobile prepaid plans from December 6.

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Sensex, Nifty Fall On RBI's Surprise Status Quo On Rates

The Reserve Bank of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to project the weakest growth in seven years.

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RBI Sharply Lowers Growth Projection To 5% For 2019-20

The rate setting Monetary Policy Committee noted that economic activity has weakened further and the output gap remains negative.

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Can't Keep Cutting Policy Rates "Mechanically" Every Time: RBI Governor

The sharp decline in growth had many analysts assuming the RBI will deliver a rate cut on Thursday.

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Satisfied With Pace Of Monetary Transmission:Governor Shaktikanta Das

Reserve Bank Governor Shaktikanta Das further said that monetary transmission, which was bothering the central bank for a long time, is expected to improve with the introduction of linking loan...

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Government's Loan Melas Seen A Temporary Salve And A Long-Term Pain

Reviving a practice not used in three decades, government in September ordered state-run banks to hold more than 400 loan "melas" across the country.

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RBI Raises Inflation Projection For Second Half Of 2019-20

The central bank had earlier estimated headline inflation at 3.5-3.7 per cent for the second half of the ongoing fiscal.

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Rupee To Not Recover Lost Ground For A Year At Least: Poll

The Reserve Bank of India (RBI) has cut its key interest rate by 135 basis points so far this year to support a slowing economy. The year ahead outlook was the most the pessimistic for the rupee since...

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RBI Leaves Key Lending Rates Unchanged. Read Full Statement Here

After five consecutive cuts in interest rates this year, the six-member monetary policy committee (MPC) headed by RBI Governor Shaktikanta Das unanimously voted to hold the key repo rate at 5.15 per...

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RBI Keeps Key Lending Rate Unchanged, Lowers GDP Forecast From 6.1% To 5%

RBI Governor Shaktikanta Das-led Monetary Policy Committee on Thursday left the repo rate unchanged at 5.15 per cent, surprising economists. The central bank, however, lowered its GDP growth forecast...

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RBI Keeps Repo Rate Unchanged At 5.15%

The repo rate - which is the interest rate at which the RBI lends short-term funds to commercial banks - stays at 5.15%.

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Interest Rate-Sensitive Stocks Subdued Ahead Of Credit Policy

The RBI is widely expected to cut its interest rates for the sixth consecutive time in its sixth bi-monthly review meeting under Governor Shaktikanta Das, due at 11.45am. The meeting of the six-member...

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RBI To Release Fifth Monetary Policy Statement Of 2019-20 Soon

The RBI has already reduced the repo rate by 135 basis points (1.35 percentage point) so far this year.

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Sensex Rises Over 100 Points, Nifty Crosses 12,050 Ahead Of RBI Decision

Gains in banking, auto and energy shares pushed the markets higher however losses in IT and pharma stocks limited the upside.

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RBI Likely To Announce Sixth Rate Cut Of The Year Today: 10 Points

The Reserve Bank of India's Monetary Policy Committee will today release the outcome of its sixth bi-monthly review meeting under Governor Shaktikanta Das. Many economists expect the central bank to...

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Sensex, Nifty Likely To Open Lower Ahead Of RBI Decision

Analysts will closely monitor the decision and commentary by the Reserve Bank of India due at 11:45 am.

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RBI May Announce 6th Straight Rate Cut, Revise Growth Forecast: Analysts

The RBI has cut borrowing costs by 135 basis points so far in 2019 to a nine-year low of 5.15 per cent.

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Total FDI Inflows Into India Rose To $62.00 Billion In 2018-19

The minister said the total FDI inflow was $62.00 billion in 2018-19, as against $60.97 billion in 2017-18, $60.22 billion in 2016-17 and $55.56 billion in 2015-16.

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State Bank Of India To Trim Stake In UTI Mutual Fund Via IPO

SBI, Life Insurance Corporation of India, Bank of Baroda and Punjab National Bank each hold an 18.24 per cent stake in the company.

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Bharti Airtel To Raise Up To $3 Billion Via Debt, Equity

Airtel said it will raise $2 billion via qualified institutional placement and $1 billion via bonds and debentures.

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Online Glitch At HDFC Bank Hits Business For Third Day

An unknown number of the Mumbai-based lender's 49 million customers have been locked out of its online banking platform for the past three days.

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Amid Economic Slowdown, This Survey Says The Worst May Be Over

The rise in the services index followed data earlier this week showing manufacturing also improved in November, resulting in the composite PMI index jumping to 52.7 from 49.6.

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Gold Price At Rs 38,540 Per 10 Grams In Delhi: 10 Things To Know

Gold prices were last seen at Rs 38,540 per 10 grams in the national capital on Wednesday, according to industry body India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3...

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Bharat Bond Exchange-Traded Fund Likely To Hit Markets This Month

The New Fund Offer (NFO) of this ETF is expected be to launched in December itself. Bharat Bond ETF would be the first corporate bond ETF in the country.

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L&T Construction Bags Significant Contracts For Various Businesses

In the United Arab Emirates, the business has secured an order for the design, supply and construction of a 132 kilovolt substation project.

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Sensex, Nifty Rebound On Report Of US, China Moving Closer To Trade Deal

Equities across the globe cheered the move with the UK's FTSE 100 index advancing 0.2 per cent, Germany's DAX rising 1.1 per cent and France's CAC 40 index climbing 1.2 per cent.

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Services Industry Returns To Growth In November On Strong Demand: Survey

The Nikkei/IHS Markit Services Purchasing Managers' Index rose to 52.7 last month from 49.2 in October, above the 50-mark separating contraction from growth on a monthly basis.

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Over 92,000 Staff Of BSNL, MTNL Opt For Voluntary Retirement: Minister

The Communications Minister told the Lok Sabha that the merger of BSNL and MTNL will have pan-India foot print, synergy in operations, reduction of fixed costs and overheads, among others.

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How To Plan Your Gold Investments

Gold has become synonymous with wealth creation as its price trends upwards over the long run. Jewellery is regarded as a traditional store of wealth in rural India and this hinterland accounts for...

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FASTag: How To Use, Benefits, Charges, Other Details

The government has decided to declare all lanes at toll fee plaza on national highways as 'FASTag lanes' from December 15. The FASTags were supposed to be implemented across the country by December 1...

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Cabinet Clears Bharat Bond Exchange-Traded Fund

The Cabinet on Wednesday cleared an umbrella bond exchange-traded fund programme, called Bharat Bond Exchange-Traded Fund. Finance Minister Nirmala Sitharaman said the Bharat Bond ETF will h...

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Why India's Diesel Demand Is Contracting, And What It Means

India consumed 83.5 million tonnes of diesel in the 2018/19 fiscal year, according to Ministry of Petroleum and Natural Gas data.

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Sensex, Nifty Fall On Dimming US-China Trade Deal Hopes

Yes Bank , down about 3 per cent, was the top loser on the Nifty. Bharti Infratel gained 1.83 per cent and was the top gainer on the blue-chip index.

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CSB Bank Makes A Stellar Debut; Lists At 41% Premium

The Rs 410-crore IPO was opened for subscription between November 22 and 26, and was priced in a band of Rs 193-195 per share. CSB Bank is one of the oldest private sector banks in India with a...

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Sensex Recovers Over 200 Points From Days Low, Nifty Hits 12,000

The S&P BSE Sensex index rose as much as 245.3 points from its day's low of 40,544.82, and the broader NSE Nifty benchmark climbed to touch 12,026.50 on the upside, rebounding 74.95 points from its...

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Bad Loans Spike At Mumbai-Based Shadow Lender As Crisis Deepens

Bad loans at Altico Capital India spiked to 23.8 per cent of its loan book in the quarter ended September from 1.8 per cent in the previous quarter.

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India's Diesel Demand Growth Seen Stuck In Low Gear Until Mid-2020

Analysts expect various policy measures aimed at stimulating industrial activity to kick in and soak up excess fuel.

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Sensex Falls Over 100 Points, Nifty Near 11,950

Domestic share markets tracked weakness in Asian peers amid waning optimism about US-China trade talks.

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Sensex, Nifty Likely To Open Lower Today

On Tuesday, the S&P BSE Sensex index had ended 126.72 points - or 0.31 per cent - at lower at 40,675.45 and the broader NSE Nifty benchmark settled at 11,994.20, down 54.00 points (0.45 per cent) from...

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Google CEO Sundar Pichai Takes Helm Of Parent Company Alphabet

Larry Page and Sergey Brin co-founded the company 21 years ago.

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S&P reaffirms India's rating, retains outlook at ''stable''

"S&P has reaffirmed sovereign rating of India at BBB- with stable outlook. They have stated that India's economy continues to achieve impressive long-term growth rates despite a recent deceleration,"...

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Government Mulls Diluting FDI Rules Ahead Of Air India Sell-Off: Report

The present FDI rules allow up to 100 per cent FDI in domestic carriers but the investment by a foreign airline is capped at 49 per cent. Further, substantial ownership and effective control has to be...

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State-Run Banks Disburse Rs 4.9 Lakh Crore Loans In October-November

Under the direction of Finance Minister Nirmala Sitharaman, outreach camps or loan melas were conducted across 374 districts across the country to improve credit delivery and support the needs of the...

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November Gold Imports Jump To 5-Month High As Prices Retreat: Report

Dealers charged a premium of up to $1.5 an ounce over official domestic prices in November, compared with a discount of up to $21 an ounce in October.

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Government Committed To More Reforms: Nirmala Sitharaman

In the past few months, the government has announced a slew of measures including corporate rate tax cut and ease in liquidity for Non-Banking Financial Companies (NBFC).

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Vodafone Idea Hikes Tariffs For Prepaid Customers, Check Out Latest Plans

The new prepaid plans, effective from today, follows record loss by the company for the quarter ended September 30 due to huge provisions towards clearance of dues owed to the Department of...

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Nifty Ends Below 12,000 For First Time In 7 Sessions

Nine of 11 sector gauges compiled by National Stock Exchange ended lower led by the Nifty PSU Bank and Nifty Metal indexes nearly 3 per cent fall.

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Maruti Suzuki To Increase Vehicle Prices From January 2020

According to the company, the price increase is necessitated on account of increase in input cost.

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Only Up To Rs 1 Lakh Insured In Banks: RBI-Owned Subsidiary

The corporation covers all commercial banks, including branches of foreign banks functioning in India, local area banks and regional rural banks.

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RBI Likely To Cut Key Lending Rates By 0.25% To 4.90%: Poll

Annual retail inflation rose to 4.62% last month, climbing above 4% for the first time in 15 months and up from 3.99% in September.

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HDFC Bank's Net Banking Facility Down For Second Day In A Row

HDFC Bank is the country's largest lender by market capitalisation, the bank has a total market capitalization of Rs 6.92 lakh crore.

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How To Make Money in Mutual Funds Through SIPs

Among SIP funds, equity funds invest in equity, debt funds are solely focused on debt instruments, and hybrid funds' investment portfolios are divided between equity and debt instruments. And SIP...

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HDFC Bank Sees Rural Revival Signs Amid Worst Pace Of Growth In 6 Years

For HDFC Bank, the weaker economy had led to a slowdown in loan growth, which eased to 15 per cent in the September quarter from 23 per cent a year earlier.

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Sensex Extends Decline, Nifty Breaks Below 12,000; Metal, Banks Fall

Nine of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index's 2.7 per cent fall.

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Sensex, Nifty Edge Lower; Metal, IT Stocks Among Top Drags

Six of 11 sector gauges compiled by National Stock Exchange were trading lower led by the Nifty Metal index's over 1 per cent decline.

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Global Stocks Drop As Trump's Latin American Tariffs Revive Trade Angst

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.45 per cent in early trade, with Australian shares dropping nearly 2 per cent.

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HDFC Bank Net Banking Faces Technical Glitch, Users Not Able To Log In

Due to a technical glitch, some of our customers have been having trouble logging into our NetBanking and MobileBanking App, HDFC Bank said.

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Top Court Asks Amrapali Home Buyers To Pay Outstanding Dues By January 31

A bench of Justices Arun Mishra and U U Lalit said that funds need to be channelised to complete the pending projects of Amrapali Group.

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Lok Sabha Passes Bill To Effect Corporate Tax Reduction

In the biggest reduction in 28 years, the government in September slashed corporate tax rates up to 10 percentage points as it looked to pull the economy.

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Tribunal Admits RBI's Plea For Insolvency Against DHFL

The Reserve Bank of India had on Friday filed an application in the NCLT bench for initiation of the corporate insolvency resolution process.

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Gross Direct Tax Collection Rises By 5% Till November: Finance Minister

Ms Sitharaman said several domestic and global firms have expressed interest in investment post announcement of the reduction in corporate tax rate.

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Top Court Directs NBCC To Complete Home Projects In Noida, Greater Noida

The Supreme Court on Monday directed National Buildings Construction Corporation (NBCC) Ltd. to commence and complete the work of eight projects involving 11, 258 home units in Noida and Greater...

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Amazon, Walmart Face Anger Of Millions Of Shopkeepers Across India

India's shopkeepers are mobilizing against the global e-commerce giants, alleging they are engaged in predatory pricing in violation of new rules meant to protect local businesses.

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GST collection grows 6% to surpass Rs 1 lakh crore in November

The figure marked the third largest monthly collection of GST since the launch of the new indirect tax regime in July 2017, behind Rs 1,13,865 crore in April and Rs 1,06,577 crore in March. Also, the...

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