Government Working With RBI On Loan Restructuring, Says Finance Minister

The finance minister stressed that banks cannot refuse credit to MSMEs covered under emergency credit facility

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Silver Rate Jumps Over 3% To Rs 64750 Tracking Global Rates

MCX silver futures surged by as much as Rs 3,009, or 4.80 per cent, to touch the Rs 65,679 mark during the session, before settling at Rs 64,776 for the day.

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'We Have Built Strong Immunity', Says Chairman As SBI Trims Bad Loans

SBI's gross bad loans as a percentage of total loans eased to 5.44 per centfrom 6.15 per centin the previous quarter

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Core Sector Output Contracts 15% In June

The eight core sectors had expanded by 1.2 per cent in June last year

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Tata Motors Loss Widens To Rs 8,438 Crore In June Quarter

Tata Motors-owned luxury car maker Jaguar Land Rover's revenue declined 44 per cent to 2.98 billion pounds.

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Fiscal Deficit Hits Record High In First Quarter As Pandemic Hits Economy

Net tax receipts in three months through June declined more than 46 per centyear-on-year

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Four Banks To Revise Minimum Balance, Handling Charges From August 1. Find Out New Rates Here

Bankof Maharashtra, Axis Bank, Kotak Mahindra Bank and RBL Bank - will impose revised minimum balance requirements and handling charges from August 1

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Sensex, Nifty Decline For Third Day In A Row Dragged By RIL, HDFC Bank

The Sensex moved in a band of 450 points and Nifty touched an intraday high of 11,150.40 and low of 11,026.65.

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Indian Oil Net Profit Slips 47% To Rs 1,911 Crore In June Quarter

Revenue from operations fell to Rs 88,937 crore during the quarter, as compared to Rs 1.5 lakh crore, a year ago

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Government Imposes Restrictions On TV Imports

The restrictions will apply on regular TV sets of size of a variety of sizes, as well as LCD TVs of size up to 63 cm.

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State Bank Of India Profit Surges 81% In June Quarter To Rs 4,189 Crore

State Bank of India shares rose as much as 4.2 per cent to Rs 194.40 after the earnings announcement.

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COVID-19 Has Exposed Weakness Of Financial Systems, Says Nobel Laureate

Speaking to Congress leader Rahul Gandhi, Nobel laureate Muhammad Yunus advocated for a system that to create space for the informal and rural economy

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Domestic Gold Futures Jump Over 1%, Near All-Time High

Typically, any sign of uncertainty in the financial markets boosts the appeal of gold as a safe-haven bet, as investors rush away from riskier asset classes.

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Diesel Rate Cut In Delhi; Petrol, Diesel Rates Unchanged In Other Metros

Currently, oil marketing companies review domestic petrol and diesel prices on a daily basis, and implement any changes with effect from 6 am every day.

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Amazon Posts Biggest Profit Ever At Height Of Pandemic In US

Amazon's shares have risen by more than 60% this year, adding to the wealth of Bezos, its biggest stockholder. The S&P 500 is virtually flat.

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Opinion: Reliance Makeover Is Being Carefully Watched

From entertainment, education and healthcare to 5G for self-driving cars, Jio hopes to collect tiny sums from roughly 400 million subscribers of its core wireless service.

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Torrent Pharma Surges 10% After Profit Rises 49% In June Quarter

Torrent Pharma's revenue from US operations declined 1 per cent to Rs 373 crore while constant currency sales came in at $47 million.

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Diesel Becomes Cheaper Than Petrol In Delhi After VAT Cut

The prices of petrol and diesel are broadly determined by crude oil and forex rates. However, the retail rates vary from state to state due to local taxes.

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Sensex, Nifty Edge Lower In Choppy Trade; Reliance Industries Falls 2%

State Bank of India and Indian Oil were scheduled to report their financial results for the April-June period later in the day.

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Reliance Shares To Be In Focus After June Quarter Profit Beats Estimates

Reliance Industries said COVID-19 impacted the group's operations and revenue during the quarter.

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Big Tech Firms Post Robust Results In COVID-19-Hit Quarter

The reports illustrated the importance of social networks, digital content and connected devices to pandemic-hit consumers while also delivering gains to shareholders of the Big Tech firms.

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Facebook June Quarter Profit Nearly Doubles Despite Ad Boycott

The number of people using the Facebook platform monthly rose to 2.7 billion.

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Google Parent Alphabet's Profit Drops 30% As COVID-19 Hits Ad Market

The results from Apple, Amazon, Facebook and Google parent Alphabet were largely better than expected.

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Resume Metros, Flights, Tourism: Industry Body FICCI To Government

FICCI also said that targeted marketing campaigns should be undertaken by the states to communicate safety measures

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Google's $2.1 Billion Fitbit Deal Faces Antitrust Probe: Report

The European Commission, which will launch the probe following the end of its preliminary review on August 4

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Domestic Silver Futures Tumble Over 5% To Rs 61,945

Silver Price Today: At 4:10 pm, MCX silver futures quoted at Rs 63,174, down Rs 2,180 or 3.34 per cent compared to their previous close.

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Sensex, Nifty Extend Losses To Second Straight Day

Volatility set in as investors rushed to settle their positions ahead of the expiration of monthly derivative contracts due by the end of the session, say analysts.

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HDFC Profit Declines 5% To Rs 3,051 Crore In June Quarter; Shares Slump

HDFC said that 22.6% of individual loans were under Covid-19 moratorium, while 27% of HDFC's loans under management were under moratorium.

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Sensex Tanks Over 700 Points From Day's High

Domestic stock markets fell amid volatile trade on Thursday, as a selloff in financial, energy and metal stocks pulled the markets lower. The S&P BSE Sensex index dropped as many as 707.61 points from...

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India's April-JuneGold Demand Sinks 70%, May Decline Further In 2020: WGC

The report also said that India's gold demand for the full year 2020 is expected to fall to the lowest level in 26 years

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Sensex Crashes Over 400 Points From Day's High Ahead Of July F&O Expiry

Mid- and small-cap shares were also witnessing selling pressure as Nifty Midcap 100 index and Nifty Smallcap 100 indexes fell over 0.5%.

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Government Found Security Flaws In Digital Payment System In 2019: Report

The audit found many sensitive information were stored in "plain text" in some databases, leaving the data unprotected if the system was breached

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Diesel In Delhi Cheaper By Over Rs 8, VAT Cut To 16.5%: Arvind Kejriwal

Until now, the VAT was at 30 per cent in Delhi.

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Domestic Gold Futures Flat As Global Rates Ease, But Hold Rs 53,100 Level

Gold Price In India: At 10:01 am, the MCX gold futures traded with a gain of Rs 20 - or0.04 per cent - at Rs 53,207

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Bharti Airtel Shares Gain Over 2% Despite Loss In June Quarter

Bharti Airtel had to provide Rs 36,832.2 crore towards adjusted gross revenue dues as directed by the Supreme Court.

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Boeing June Quarter Loss At Bigger-Than-Expected $2.4 Billion

Boeing's share price initially gained ground, but then retreated and finished 2.8 per cent lower at $166.

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Reliance Industries Trading Firm Ahead of June Quarter Earnings

Meanwhile, at its 43rd annual general meeting (AGM) held on July 15, Reliance Industries had announced a slew of deals, including an investment of Rs 33,737 crore in its digital serves arm, Jio...

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Petrol, Diesel Prices Remain Unchanged On Thursday

State-run oil marketing companies, including Indian Oil Corporation, left the prices of petrol and diesel unchanged across the metros again on Thursday.

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Sensex Gains Over 250 Points Led By Financial, IT Stocks

On Wednesday, the Federal Reserve left interest rates near zero to support the United States' coronavirus-battered economy, sending the dollar to a two-year trough.

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Deadline For Filing 2018-19 Income Tax Return Extended To September 30

In March, the due date was extended from March 31 to June 30. Later in June, it was again extended by a month till July 31.

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Coronavirus Surge Slowing US Economic Recovery: US Central Bank Chief

Coronavirus infections have exploded in a number of Southern and Southwestern states in recent weeks, and some states have paused or rolled back reopening measures.

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Prime Minister Narendra Modi Asks Top Bankers To Ensure Stable Credit Growth

Prime Minister Modi exhorted bankers to motivate small entrepreneurs, self-help groups and farmers to use institutional credit in order to grow.

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Power Minister Dedicates 3 Wind Projects With 800 MW Capacity To The Nation

Sembcorp Energy India Limited, a wholly-owned subsidiary of Sembcorp Industries, on Wednesday announced the completion of its latest 800MW wind power projects.

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Centre Extends Bidding Deadline For Bharat Petroleum To September 30

The deadline was extended "in view of further requests from the interested bidders and the prevailing situation arising out of COVID-19," the ministry said.

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Indian Ambassador, Wisconsin Governor Talk Trade, Investment

While asserting that India and Wisconsin share a robust trade and investment relationship, the release said the total trade between India and Wisconsin is over US$ 1 billion.

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Sensex, Nifty Likely To Have A Cautious Start

The domestic stock markets are likely to open flat, although theUS markets had a good session overnight and Asian peers are trading in the green.

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SpiceJet Reports Rs 807 Crore Loss In June Quarter

SpiceJet said its total income came in at Rs3,057.34 crore in the first quarter of current financial year.

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IndiGo Posts Quarterly Loss Of Rs 2,849 Crore As Pandemic Grounds Planes

The company clocked a net loss of Rs 2,849 crore for the first quarter ended June 30, compared with a profit of Rs 1,200 crore a year earlier.

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India Risks "Japanification": Viral Acharya, Ex-RBI Deputy Governor

The government has infused Rs 2.6 lakh crore ($34.7 billion) into state-run banks in the last three financial years, more than double that in the previous nine years, but there is no provision for...

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How Coronavirus Is Causing Debts To Soar And Crushing Credit Ratings

Energy and oil companies, retailers, airlines, travel and leisure, banks and capital goods firms have been hit the worst

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Sensex Ends 422 Points Lower Amid Selling Pressure In Energy, Auto Stocks

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Auto index's 1.2 per cent decline.

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Sensex Slumps Over 500 Points As Reliance Industries, HDFC Bank Drag

Weakness in Reliance Industries, HDFC Bank, Tata Consultancy Services, Infosys, HDFC and HCL Technologies wiped off over 400 points from the Sensex.

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Maruti Suzuki Reports First Quarterly Loss In At Least 15 Years

Maruti Suzuki India, the country's largest carmaker by market share, on Wednesday reported a net loss of Rs 249.4 crore for the April-June period - its first quarterly loss in at least 15 years. A...

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India's Growth Outlook Worsens, Recovery Path In Doubt: Economists' Poll

In the quarter just gone by, the economy is forecast to have shrunk 20 per cent

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Dr Reddy's Laboratories June Quarter Profit Declines 13% To Rs 579 Crore

Dr Reddy's Laboratories said its revenue from North America rose 6 per cent to Rs 1,730 crore, driven by contribution from new product launches.

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Hetero Labs Wins Approval To Sell COVID-19 Drug Favipiravir

The drug, priced at Rs 59 per tablet, is approved to treat mild to moderate COVID-19

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Domestic Silver Futures Edge Higher, Hover Near Rs 65,300 Mark

Silver Price Today: For the September 4 contract, the average silver price currently stands at Rs 66,340.46, as against Rs 64,982.62 on Monday.

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Sensex Drops Over 350 Points From Day's High Amid Volatile Trade

Bharti Airtel, Dr Reddy's Laboratories, IndiGo and Maruti Suzuki are slated to report their financial results for the April-June period later in the day.

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Domestic Gold Futures Turn Flat After Scaling New Record Peak

Gold Price Today: At 11:24 am, the Multi Commodity Exchange (MCX) gold futures traded with a loss of Rs 36 - or 0.07 per cent - at Rs 52,555.

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Opinion: Despite Bailout, Yes Bank Still Wandering In Zombie Land

The shock of the coronavirus lockdown on economic activity could leave several Indian lenders short of capital - just as Yes was in March.

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Spot Gold Eases On Profit-Booking Ahead Of US Central Bank Decision

Gold tends to gain when interest rates are low, which reduces the opportunity cost of holding non-yielding bullion.

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Sun Pharma Acquires Canada's Aquinox Pharma For $8.2 Million, Shares Gain

Aquinox Pharmaceuticals is a research and development company focused on pharmaceutical products for the purpose of their commercialisation, Sun Pharma said.

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Maruti Suzuki Sheds Almost 1% Ahead of June Quarter Earnings

Maruti Suzuki hadreported a 28 per cent decline in net profit to Rs 1,292 crore for quarter ended March 31, compared to Rs 1,796 crore in corresponding period a year ago

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IndusInd Bank Shares Jump 7% After June Quarter Earnings

IndusInd Bank, the country's sixth largest private sector lender, said its net interest income rose 16.36 per cent in the quarter ended June 30.

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Nestle India Edges Higher On Jump In June Quarter Net Profit

Nestle India's net profit in quarter ended June 30, 2020 rose 11.14 per cent to Rs 486.6 crore from Rs 437.79 crore during the same quarter last year.

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Big Technology Company CEOs To Take Part In US Congress Antitrust Hearing

The chief executives of four of the world's largest tech companies plan to argue in a congressional hearing on antitrust on Wednesday that they face intense competition from each other and from other...

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Sensex, Nifty Stuck In Narrow Range Amid Choppy Trade

Dr Reddy's Laboratories, IndiGo and Maruti Suzuki are slated to report their financial results for the April-June period later in the day.

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Petrol, Diesel Prices Unchanged On Wednesday

State-run oil marketing companies, including Indian Oil Corporation, left the prices of petrol and diesel unchanged across the metros again on Wednesday.

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Sensex, Nifty Set To Have A Positive Opening

The domestic markets are likely to extend the gains of previous session, despite US markets closing in the red and Asian stocks under pressure,going by early indications on SGX Nifty.

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PM Modi To Join Brainstorming Session With Heads Of Banks, NBFCs Tomorrow

According to a release, PM Modi will discuss and deliberate on vision and roadmap for the future

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End Game For Oil? OPEC Prepares For An Age Of Dwindling Demand

The coronavirus crisis may have triggered the long-anticipated tipping point in oil demand

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Air Traffic Won't Return To Pre-Crisis Level Before 2024: Aviation Body

Uncertainty about the timing of border re-openings is the main factor weighing on international traffic, IATA's finance chief Brian Pearce told a news conference.

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Nestle India Profit Rises 11% To Rs 487 Crore In June Quarter

The demand in all 'Out of Home' consumption channels experienced a sharp decline due to the lockdown, Nestle India said.

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IndusInd Bank Profit Drops 68% To Rs 461 Crore In June Quarter

IndusInd Bank said the extent to which the coronavirus pandemic will impact its operations and financial results depends on future developments.

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Sensex Surges Over 550 Points, Nifty Settles Above 11,300

Buying was visible across sectors as all the 19 sector gauges compiled by BSE ended higher led by Auto index's 3 per cent gain.

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UltraTech Profit Falls 38% To Rs 797 Crore In June Quarter

UltraTech Cement said its focus on operational efficiencies and cost control has made it better prepared for any future slowdown resulting from the coronavirus pandemic.

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Sensex Surges Over 500 Points Led By Auto, Metal Shares

Buying was visible across sectors as all the 19 sector gauges compiled by BSE were trading higher led by Auto index's 3 per cent gain.

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Sensex Jumps Over 450 Points As Auto, IT Stocks Lead Gains

Domestic stock markets jumped more than 1 per cent on Tuesday amid buying across sectors, as equities across Asia gained on hopes that another flood of US stimulus would cushion the global impact of...

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Court Seeks Centre's Response On Plea Against Insolvency Code Ordinance

Centre had suspended insolvency proceedings for default in payments for a period of six months, starting 25 March

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Flipkart To Offer 90-Minute Delivery For Groceries, Home Accessories

The said service Flipkart Quick will debut in select locations in Bengaluru, the company said, without specifying a launch date

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Domestic Silver Futures Jump To Record Rs 67,560 Mark

For the September 4 contract, the average silver price currently stands at Rs 66,340.46, as against Rs 64,982.62 on Monday.

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Sensex, Nifty Extend Gains Led By Buying In Auto, IT Shares

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Auto index's 2.6 per cent gain.

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Kotak Mahindra Bank Recoups Losses Of 2% Post March Quarter Earnings

Kotak Mahindra had, during market hours on Monday, reported an 8.51 per cent decline in net profit to Rs 1,244.45 crore in the quarter ended June 30

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Indian oil, Total Form Joint Venture To Make Superior Quality Bitumen

The joint venture will set up manufacturing units across the country and also explore the possibility of catering to other South Asian markets.

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Sensex Hovers at 38,000; Auto and Information Technology Stocks Trade Firm

Domestic stock markets are firm in mid-morning trading, albeit off the highs of the day, thanks to buying interest in auto and information technology stocks.

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Gold Price Today: Gold Futures Cross Rs 52,410 Mark To New All-Time High

Gold Price Today: At 10:20 am, the MCX gold futures traded with a gain of Rs 178 - or 0.34 per cent - at Rs 52,279.

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Tech Mahindra Gains Nearly 6% On Jump In June Quarter Earniings

Tech Mahindra reported a net profit of Rs 972.3 crore for the April-June period, marking a gain of 20.95 per cent compared to the previous quarter.

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Sensex Opens Over 100 Points Higher, Nifty Above 11,150

Analysts awaited more financial results from companies to assess near-term cues for the markets.

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All You Need To Know About Latest Silver Prices

The MCX silver futures, which are due for a delivery on September 4, finished the session with a gain of Rs 4,517 - or 7.38 per cent - at Rs 65,740. Last Friday, the MCX silver futures had risen to...

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No Change In Petrol, Diesel Prices Across Metros On Tuesday

State-run oil marketing companies, including Indian Oil Corporation, left the prices of petrol and diesel unchanged across the metros on Tuesday.

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Sensex, Nifty Likely To Have A Strong Opening

The domestic stock markets are likely to open in the green, following two successive days of losses, following strength in global markets and positive indications from SGX Nifty.

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Sovereign Gold Bonds Subscription To Open Next Week. Should You Buy?

Subscription for Series V of the government's Sovereign Gold Bond (SGB) programme will open next week. After the fifth tranche, subscription under which will be be available for five days from August...

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SpiceJet To Operate First Long Haul Flight To Amsterdam On August 1

SpiceJet was last week designated as "Indian scheduled carrier" to operate flight services to the UK and US from India

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Tech Mahindra June Quarter Profit Jumps 21% To Rs 972 Crore

Tech Mahindra's total revenue from operations declined 4.05 per cent to Rs 9,106.3 crore in the quarter ended June 30.

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Gold Futures Soar To All-Time High Of Rs 52,220 As Global Rates Spike

Gold, Silver Rate Today: The price of gold jewellery stood at Rs 52,135 per 10 grams and that of silver jewellery at Rs 63.860 per kilogram, according to Mumbai-based industry body IBJA.

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Moody's Downgrades Rolls-Royce To Junk Status

CEO Warren East told reporters on Thursday Rolls-Royce was examining options to strengthen its balance sheet but had not made any decisions.

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Spot Gold Touches New Record High Amid US-China Tensions, Dollar Fall

Spot gold rose 1.7% to $1,934.06 per ounce, after hitting a record high of $1,943.93 per ounce.

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Aditya Puri Sells HDFC Bank Shares Worth Rs 843 Crore

Aditya Puri sold 74.20 lakh shares of HDFC Bank for a total consideration of Rs 842.73 crore.

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Sensex, Nifty Decline For Second Straight Session Dragged By Banks

Banking shares fell after the RBI warned that bad loan ratio in banking system could rise to at least 12.5% by March 2021, from 8.5% in March 2020.

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RBI Governor Makes Case For Push In Infrastructure Sector To Boost Growth

The RBI governor said the country needs $4.5 trillion for investment in Infrastructure by 2030

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Kotak Mahindra Bank June Quarter Profit Drops 8.5% To Rs 1,244 Crore

Kotak Mahindra Bank shares fell nearly 3 per cent after the earnings announcement.

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Indian Aviation Demand May Be Subdued In This Financial Year: Report

The aviation industry has achieved a load factor of just around 55 per cent in the first quarter of this financial year despite operating at merely 30 per cent of its usual capacity.

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LIC Jeevan Umang Policy's Premium, Eligibility, Other Details Here

LIC's Jeevan Umang Policy offers a combination of income and protection to an individual's family, LIC said on its website.

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Mindspace REIT IPO Opens Today. Here's All You Need To Know

Mindspace aims to raise up to Rs 1,000 crore through the issuance of fresh units and up to Rs 3,500 crore by way of offer for sale (OFS), according to the documents filed with SEBI.

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RBI Governor Shaktikanta Das Highlights 5 Positive Shifts In Economy

Reserve Bank of India Governor Shaktikanta Das on Monday highlighted five major dynamic shifts in the country that, he said, need to be "converted into structural transformations" and will lead to...

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Yes Bank Hits 10% Lower Circuit On Listing Of FPO Shares

The country's seventh largest private sector lender by market capitalisation had raised Rs 15,000 crore by issuing shares at the price of Rs 12 per share.

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Future Retail Up 5% After Report Says Reliance Nears Deal With Parent

Shares of Future Retail rose as much as 5 per cent to Rs 100.20, hitting an upper circuit, and were trading up 4.6 per cent by 10:25 am.

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Reliance Industries Market Value Near 14 Lakh Crores, Shares Hit New High

The further spike in shares helped Reliance industries retain its position as the country's most valuable company.

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ICICI Bank Sheds Over 4% After Missing Street Estimates In June Quarter

ICICI Bank shares weakened by more than 4 per cent on BSE after the bank reported a 36.22 per cent rise in net profit to Rs 2,599.15 crore in June quarter.

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Viral Acharya, Who Quit RBI Last Year, Flagged "Deeply Flawed" Move: Book

Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government's budget deficit, citing risks to inflation and external sector stability.

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Reliance Becomes World's No. 2 Energy Company After Saudi Aramco

Reliance, which manages the biggest refinery complex, gained 4.3 per cent in Mumbai on Friday adding $8 billion to take its market value to $189 billion.

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Sensex Falls Over 450 Points From Day's High; Financial Stocks Worst Hit

Analysts awaited more large cap earnings for near-term cues.

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Diesel Prices Hiked On Monday, Petrol Untouched Across Metros

State-run oil marketing companies, including Indian Oil Corporation, hiked the prices of diesel yet again across the metros on Monday, while leaving petrol prices untouched.

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Sensex, NiftyLikely To Have APositive Opening

The domestic markets are likely to open in the green, despite rising Covid-19 cases and strained US-China relations.

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Want To Set Up A Term Deposit? Compare Top Banks' Interest Rates Here

Top commercial banks in the country - from the likes of SBI and HDFC Bank - provide a range of maturity options for retail fixed deposits (FDs).

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Rupee To Continue In A Narrow Range Around 75 Against Dollar: Analysts

The rupee is off 2.72 per cent from its all-time low of 76.91 against the greenback, registered in April this year.

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Gold Bonds To Be Available Soon, Here's All You Need To Know

Gold bonds can be bought from the designated branches of banks and post offices, through stock exchanges BSE and NSE, and the Stock Holding Corporation.

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How To Download Digital Copy Of Aadhaar Card

Aadhaar Card: The Unique Identification Authority of India (UIDAI) manages the biometric ID programme Aadhaar.

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Diesel Remains More Expensive Than Petrol In Delhi, Gap Widens

International oil prices fell on Friday, pressured by tensions between the US and China, but some supportive economic data in Europe tempered losses.

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India Flips To Discount On Physical Gold Amid Low Demand, Record Price

Global benchmark spot gold prices held near a nine-year peak, close to the $1,900 an ounce level, on safe-haven investment demand, while silver eyed its best week in over three decades.

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As FMCG Sales Pick Up, Analysts Say Recovery Could Be Short-Lived

Britannia says the sales of bread, rusks and biscuits helped the company double its profit during the fiscal first quarter to Rs 545 crore on a year-on-year basis.

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Diesel Prices Hiked In Metros, Petrol Unchanged

State-run oil companies review the prices of petrol and diesel on a daily basis, to bring them at par with global crude oil rates.

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ICICI Bank Reports April-June Earnings

The private sector lender had posted a net profit of Rs 1,908.03 crore for the corresponding period a year ago.

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RBI Extends $400-Million Currency-Swap Facility To Sri Lanka

The next round of technical discussions between the two sides on rescheduling of debt repayment is expected to be held soon.

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Indian Overseas Bank Appoints SBI's Partha Pratim Sengupta As CEO

Partha Pratim Sengupta's appointment will be till superannuation or until further orders, whichever is earlier, Indian Overseas Bank said.

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Cipla Gets Regulatory Nod To Sell COVID-19 Drug

Cipla said it would launch favipiravir as "Ciplenza" in the first week of August, priced at Rs 68 (91 cents) per 200 mg tablet.

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Rupee Edges Lower To 74.82 Against Dollar Tracking Asian Currencies

Rupee Vs Dollar Rate: The rupee moved in a range of 75.92-76.15 against the US dollar in the first half of the four-hour session.

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India June Oil Imports Lowest In Nearly Nine Years On Low Demand, Monsoon

Last month, India did not import oil from Venezuela for the first time since June 2009

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Banks' Bad Debt To Rise Sharply Amid COVID-19 Pandemic: RBI Report

The pandemic may push up the gross NPAs in the Indian banking system to at least 12.5 per centby March 2021, from 8.5 per centin March 2020

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Financial System Sound, Banks Should Not Be Too Risk Averse: RBI Governor

RBI Governor Shaktikanta Das made the observations in his foreword to the bi-annual Financial Stability Report

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PAN, Bank Account Data To Be Shared With 10 Agencies To Counter Terrorism

The information will be shared with the agencies under the integrated counter-terrorism platform NATGRID

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Chinese Smartphones' Market Share Slipped In India In June Quarter: Research

Chinese brands saw their market share in India fall to 72 per cent in June quarter from 81 per cent in the preceding three months, the research said

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Sensex, Nifty Recover Most Of Day's Losses To End Marginally Lower

Mid- and small-cap shares ended mixed as Nifty Midcap 100 index declined 0.3 per cent and Nifty Smallcap 100 index rose 0.22 per cent.

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Rift With Centre Over Diluting Bankruptcy Law: Ex-RBI Chief Urjit Patel

Moves to dilute a new bankruptcy law caused disagreements between Prime Minister Narendra Modi's government and the central bank.

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Sensex, Nifty Register 6 Weeks Of Gains In A Row

Analysts awaited more large cap earnings for the quarter ended June 30.

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Exporters Hit Due To Government's New Regulation On Tax Refunds

The delay in complying with the new rules have led to trade volumes dipping by 2-3 per cent every month since January, an industry body said

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Here's How To Find Out Today's Fuel Prices In Your City

While the price of petrol at Indian Oilfuel stations in Delhi is Rs 80.43 per litre, the diesel rate is higher by Rs 1.21 per litre, at Rs 81.64 per litre.

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Diesel Remains More Expensive Than Petrol In Delhi

Petrol, Diesel Price Today: Diesel continues to be more expensive compared to petrol in the national capital for past few weeks.

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Gold Futures Hover Near All-Time High, Silver Holds Rs 60,500 Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the opening price of gold jewellery stood at Rs 50,552 per 10 grams.

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Sensex, Nifty Struggle As Banking Shares Drag Markets Lower

The benchmarks opened lower and extended losses in noon deals wherein the Sensex fell as much as 392 points.

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Reliance Industries Hits New High, Market Cap Tops Rs 13.50 Lakh Crore

With the surge in share price or Reliance Industries, the company remains the most valued company in the country.

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Health Insurance A Must, But Why A Family Health Cover May Be Even Better

A family health insurance plan has one job: to ensure you and your loved ones never have to worry about medical expenses.

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Bajaj Auto Focuses On Exports As India Battles Pandemic

Bajaj plans to open an assembly plant in Brazil within 18 months, as well as a design office in Thailand to handle sales for the ASEAN region.

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Opinion: Banks Play Risky Game As Covid Loan Truce Ends

Valuations are sliding, and if policy makers have a plan for rescuing this vital industry, they're keeping it close to their chests.

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Mukesh Ambani Jumps 9 Places To Become World's 5th Richest

Mukesh Ambani overtook Steve Ballmer to become the fifth-wealthiest person on the planet, with a net worth of $77.4 billion.

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Sensex Falls Over 300 Points; Financial, Auto Stocks Lead Losses

Analysts awaited more large cap earnings for the quarter ended June 30.

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Bajaj Auto To Remain Aggressive On Exports Amid COVID-19 Crisis

Bajaj Auto is already the largest exporter of motorcycles from its domestic market, where sales have been slow to pick up due to lockdowns.

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Finance Minister Asks State-Owned Companies To Push Capital Expenditure

The combined capital expenditure for the seven CPSEs which attended Thursday's meeting stands at Rs 24,663 crore for the current fiscal year

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No Layoffs, No Reduction In Basic Pay, Says Air India

Some "rationalisation of allowances" have been implemented, Air India said, adding that it will be reviewed once the financial position improves

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Sensex Rises Over 250 Points; Auto, Energy Stocks Lead Gains

Analysts awaited more large cap companies to report their financial results for the April-June period for near-term cues.

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Reliance Market Value Tops Rs 13 Trillion As Shares Hit New All-Time High

Reliance Industries became the first Indian company to cross m-cap of Rs 13 lakh crore.

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Sensex, Nifty Resume Upmove After A Day's Breather; RIL Hits New High

Mid- and small-cap shares also witnessed buying interest as the Nifty Midcap 100 and Nifty Smallcap 100 indices rose 1 per cent each.

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Gold Futures Soar To All-Time High Of Rs 50,700 Tracking Global Rates

At 2:53 pm, the MCX gold futures traded 0.88 per cent higher at Rs 50,520, while the silver contract quoted at Rs 61,810, up 1.14 per cent from its previous close.

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Spot Gold Steadies Near 9-Year Higher On US-China Row, Stimulus Bets

Gold declined earlier on mild profit-booking as prices hit the $1,876.16 per ounce mark, their highest level recorded since September 2011.

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Amazon To Offer Car, Two-Wheeler Insurance In India

Amazon's service will compete with local rivals including Paytm and insurance aggregator Policybazar, which is backed by SoftBank.

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Rupee Ends Flat At 74.75 Against Dollar

The dollar index - which measures the greenback's against six currencies - fell as much as 0.22 per cent on Thursday.

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Sensex Gains Over 200 Points Amid Buying In Auto, Pharma Stocks

Domestic stock markets are trading firm, at the higher end of a narrow range, a day after the Sensex and Nifty snapped a rally lasting five sessions.

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Government To Offer Production Linked Incentives To Boost Manufacturing: Report

The move is aimed at bolstering efforts to attract new investments in the coronavirus-stricken economy

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Flipkart Buys Walmart India, To Launch Flipkart Wholesale In August

The announcement comes a week after Flipkart said that it had raised USD 1.2 billion in funding from a Walmart-led investor group.

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SpiceJet Surges Above 6% After Being Designated Scheduled Carrier To US

SpiceJet share price rose as much as 6.42 per cent to hit an intra-day high of Rs 50.50

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Jindal Steel & Power Posts Rs 268 Crore Profit In June Quarter

Jindal Steel & Power Limited (JSPL) said it continued its growth momentum with increased steel volumes.

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Rossari Biotech Lists At Rs 670, A Premium of 58%

Rossari Biotech: The stock of the speciality chemical maker listed at Rs 670 on the BSE, a premium of 57.65 per cent compared to the issue price of Rs 425 a share.

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Sensex, Nifty Open On A Flat Note

The Sensex opened 60.67 points - or 0.16 per cent - lower at 37,810.85, and the Nifty 50 started the day nearly unchanged at 11,135.00.

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EPFO Subscriber Base Grows More Than 3 Times In May

The data comprises all new members who joined in May and whose contribution was received, the labour ministry said in a statement.

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No Change In Petrol, Diesel Prices Across Metros On Thursday

State-run oil marketing companies, including Indian Oil Corporation, kept the prices of petrol and diesel unchanged across the metros on Thursday.

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Tesla Reports Surprise Profit Of $104 Million In Second Quarter

The result clears the way for the high-flying company, led by Elon Musk, to potentially join the S&P 500.

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Financial Watchdog Bans Former Deloitte Partner Over Il&Fs Unit Audit

The NFRA also imposed Rs 25 lakh ($33,500) fine on Udayan Sen for professional misconduct while inspecting the books of IL&FS Financial Services Ltd.

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How To Update Aadhaar Address Online, Check Status

The UIDAI or Unique Identification Authority of India provides each Aadhaar reprint at Rs 50, and delivers the Aadhaar card at the bearer's doorstep through speed post.

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Sensex, Nifty Likely To Have A Quiet Opening

The domestic markets are likely to open flat, following mixed Asian cues amid escalating tensions between the US and China.

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How Tesla Defined A New Era For The Global Auto Industry

Investors currently favor the Tesla model, in an industry undergoing fundamental and dizzying change

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Right Time For Fiscal Push When COVID-19 Vaccine Is Available: CEA

CEA Krishnamurthy Subramanian said government is willing to push consumption but timing will matter

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Mukesh Ambani Now World's Fifth Richest, Just After Mark Zuckerberg

Billionaire Mukesh Ambani is now the fifth richest person in the world, according to the Billionaires List by business magazine Forbes. The chairman of oil-to-telecom conglomerate Reliance Industries...

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GPay Not Payment System Operator, Does Not Need RBI Authorisation: Google

Google's affidavit was filed in response to a PIL which has alleged that GPay, was facilitating transactions without the requisite authorisation

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Sensex, Nifty Break 5-Day Winning Streak On Rising COVID-19 Cases

Mid- and small-cap shares ended on a flat note; Nifty Midcap 100 index rose 0.1 per cent and Nifty Smallcap 100 index ended little changed.

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Rupee Erases Day's Gains, Settles Flat At 74.76 Against Dollar

At the current level, the rupee is off 2.80 per cent a record low of 76.91 registered in April, but is still down 4.76 per cent against the greenback so far this year.

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Sensex, Nifty On Course To Break 5-Day Winning Streak

Axis Bank shares bucked the trend, jumping as much as8.21 per cent on the BSE, a day after the private sector lender reported its earnings for the April-June period.

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Work From Home Norms For IT Firms, BPOs Extended Till December 31

DoT had first announced relaxation in work from home rules in April.

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Domestic Gold Rate Hits All-Time High, Dampens Retail Demand

The rise in the price of gold dampened retail demand for the yellow metal in the country, which is the world's second largest consumer of the precious metal.

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M&M Financial Services Surges On Fixing Record Date For Rights Issue

M&M Financial Services shares have surged over 100 per cent since May 22, the day the stock hit its 52-week low of Rs 76.46 on the National Stock Exchange.

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Reliance Industries Postpones June Quarter ResultsTo July 30

Reliance Industries (RIL) will announce its June quarter earnings on July 30, 2020, instead of July 24 as was earlier intimated, the company said in filing to the stock exchanges.

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Gold, Silver Rates Climb To All-Time Highs

Gold, Silver Rates Today: Gold and silver futures trading on the MCX soared to all-time highs, with the yellow metal contract climbing above the Rs 50,000 mark for the first time ever.

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BEML Bags Rs 557 Crore For Supply of De-Mine Equipment; Stock Up Over 2%

BEML bagged a Rs 557 crore order from Ministry of Defence for supply of 1,512 Track Width Mine Ploughs, which will be fitted on T-90 tanks of Indian Armoured Corps.

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Axis Bank Shares Soar Over 8% As Asset Quality Improves

Axis Bank's total interest income came in at Rs 16,538.89 crore in the June quarter, marking a gain of 8.42 per cent compared to the year-ago period.

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Rupee Gains By 17 Paise To Touch 74.57 Level Against Dollar

Rupee Vs Dollar: Despite some recovery from an all-time low logged in April, the rupee is down 4.74 per cent against the US dollar so far this year.

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Hindustan Unilever Gains Almost 1% On Jump In June Quarter Profit

Hindustan Unilever, post market hours on Tuesday, reported a 7.17 per cent annual increase in net profit to Rs 1,881 crore in April-June quarter.

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Sensex, Nifty Edge Higher In Early Trade

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Top Court Asks Centre To Respond To Plea For Action Against Public Banks

The Supreme Court asked senior advocate Manan Kumar Mishra to approach the Ministry of Finance within two weeks with the representation on the issue.

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Petrol, Diesel Prices Remain Unchanged Across Metros on Wednesday

State-run oil marketing companies, including Indian Oil Corporation, keptthe prices of petrol and diesel unchanged across the metros on Wednesday.

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Sensex, Nifty Likely To Have A Flat Opening

The domestic markets are likely to open flat, post the rally in previous five trading sessions, following mixed Asian cues amid continuous rise in COVID-19 cases.

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GMR, Bombardier, Rites Take Part In First Meet On Private Train Project

The GMR group, Bombardier India, Spanish coach and component maker CAF, PSUs RITES and Bharat Heavy Electricals are among 16 companies which have shown interest in the private train project, sources...

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Stimulus Package Has Made Big Difference To Companies: Nirmala Sitharaman

Nirmala Sitharaman said that Finance Ministry and Reserve Bank of India were working together and 3.9 per cent of GDP has been infused as liquidity in the Indian economy.

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Government Will Take More Measures To Boost Growth: Nirmala Sitharaman

The finance minister emphasised that green shoots are visible and the agriculture sector is driving growth

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India, US Closing In On Trade Deal, Says Commerce Minister Piyush Goyal

India is seeking concessions for generic drugs it exports to US in return for opening its dairy markets and slashing tariffs on farm goods

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Gold Futures Cross Rs 49,555 Mark To New Record High

Gold, Silver Rates Today: Gold and silver futures surpassed their existing all-time highs of Rs 49,555 and Rs 57,036 respectively.

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Rupee Strengthens To Close At 74.74 Against Dollar

Analysts expect the rupee to stay close to the current levels in the near term.

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How To Check Status Of Aadhaar Reprint Online

The UIDAI or Unique Identification Authority of India provides each Aadhaar reprint at Rs 50, and delivers the Aadhaar card at the bearer's doorstep through speed post.

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Axis Bank June Quarter Profit Falls 19% To Rs 1,112 Crore

Axis Bank had reported a net profit of Rs 1,370.08 crore for the quarter ended June 30, 2019.

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Hindustan Unilever June Quarter Profit Rises 7% To Rs 1,881 Crore

Hindustan Unilever's earnings before interest, tax, depreciation and amortization (EBITDA) or operating for the quarter was flat at Rs 2,644 crore

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Sensex, Nifty Gain Over 5% In 5 Days

Analysts awaited more large cap companies to report their financial results for the April-June period.

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LinkedIn Cuts 960 Jobs As Pandemic Puts Brakes On Corporate Hiring

Jobs will be cut across sales and hiring divisions of the group globally

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Rahul Bajaj To Step Down As Chairman Of Bajaj Finance

Rahul Bajaj will step down as the chairman of Bajaj Finance on July 31, 2020, Bajaj Finance said in a regulatory filing.

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Zoom To Open Technology Centre In Bengaluru, To Begin Hiring Soon

Zoom Video Communications already has an office and a data centre in Mumbai and a second data centre in Bengaluru.

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Bajaj Finance June Quarter Profit Drops Over 19%, Shares Fall 2%

Bajaj Finance said its revenue from operations came in at Rs 6,648.20 crore in the first quarter of current financial year.

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Britannia Shares Drop Over 2% After Hitting Record High

Last week, Kolkata-based Britannia Industries posted a net profit of Rs 545.70 crore in the quarter ended June 30, more than double compared to Rs 251.03 crore in the corresponding period a year ago.

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Glenmark Defends Price Of Its COVID-19 Drug Favipiravir Version

Glenmark denied making any claims that "favipiravir alone" is effective in treatment of mild-to-moderate COVID-19 patients.

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Rupee Gains By 18 Paise To 74.73 Against Dollar

The rupee has recovered 2.46 per cent from a record low of 76.91 logged in April, but is still down 5.13 per cent against the dollar so far in 2020.

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Netflix, Amazon, Facebook Stocks Draw In Amateur Investors From India

Individual investors around the world have gravitated toward the stock market during pandemic lockdowns, driving a surge in new trading accounts.

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Axis Bank Zooms Over 2% Ahead Of June Quarter Earnings

Axis Bank shares strengthened by more than 2 per cent on the BSE ahead of the June quarter results to be announced later in the day.

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Hindustan Unilever Gains Nearly 1% Ahead Of June Quarter Numbers

Hindustan Unilever (HUL) shares gained nearly 1 per cent on the BSE ahead of the June quarter results slated to be announced later in the day.

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Sensex Opens Over 400 Points Higher, Nifty Above 11,100

Axis Bank, Bajaj Finance and Hindustan Unilever are scheduled to report their results later in the day.

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Petrol, Diesel Prices Remain Unchanged Across Metros

State-run oil marketing companies, including Indian Oil Corporation, kept the prices of petrol and diesel unchanged across the metros on Tuesday.

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New Rules For Electronic Retailers By End Of This Week: Ram Vilas Paswan

The ''Consumer Protection (E-Commerce) Rules, 2020'' will be applicable to all electronic retailers (e-tailers) registered in India or abroad, Union minister Ram Vilas Paswan said.

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Sensex, Nifty Set To Have A Strong Opening

The domestic markets are likely to open on a positive note, extending their recent rally into a fifth trading session, tracking global cues after promising trial results from potential COVID-19...

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10% Layoffs At IndiGo, India's Biggest Private Airline

The move by the country's largest airline comes amid months of restrictions imposed by the government to curb the coroanvirus pandemic.

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Opinion: Financial Planning: New Rules For The New World

The data being reported from all quarters, especially on unemployment, is inducing more panic and underlining the need for updating financial planning practices to stay protected from any...

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Government Looking To Privatise More Than Half Of State-Owned Banks: Report

The first part of the plan would be to sell majority stakes in six state-owned banks

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Reliance-Google Smartphone Deal Threatens Chinese Firms' Market in India

The new phone is set to pose a major challenge to Chinese vendors such as Xiaomi, Realme, Oppo and Vivo in the under Rs 7,500-range

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Rupee Edges Higher, Closes At 74.91 Against Dollar

Analysts expect the rupee to continue rangebound within 74.50 and 75.50 against the US currency in the near term.

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Consumer Protection Act 2019 Comes Into Force: Key Things To Know

The Consumer Protection Act 2019 will be more holistic and stringent after rules are framed to protect the interest of consumers, Union Minister for Consumer Affairs Ram Vilas Paswan said.

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Use Faceless Assessment In Case Of Scrutiny Notice: Income Tax Department

The I-T department has disposed of 7,116 cases under the first phase of the faceless assessment scheme

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Sensex, Nifty Gain For Fourth Straight Day On Strong Corporate Earnings

Strong corporate earnings in June quarter along with easy liquidity are helping equity markets to scale new four-month highs.

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IL&FS Expects To Resolve Nearly 60% Of Debt Despite Pandemic Delays

About 50 per centof the debt is expected to be resolved by March 2021, IL&FS' board has said

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Exports From India-Based Sellers Cross $2 Billion, Says Amazon

Amazon expects to export Indian-made goods worth $10 billion by 2025

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Sensex, Nifty Extend Gains; HDFC Bank Surges After Strong Q1 Earnings

Strong corporate earnings in June quarter along with easy liquidity are helping equity markets to scale new four-month highs.

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IT Sector Weightage In Nifty 50 At 5-Year High

The weightage of IT companies in the benchmark Nifty 50 index has touched five-year highs of 15 per cent due to the recent run-up in information technology (IT) stocks such as Tata Consultancy...

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Mahindra & Mahindra Finance Surge 12% On Q1 Profits, Rights Issue

The company aims to raise Rs 3,500 crore through a rights issue of its equity shares of the face value of Rs 2 each

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Gold Futures Stuck In Rs 150 Range, Near Rs 49,000/10 Grams Mark

Gold jewellery prices vary in different parts of India - the second largest consumer of the precious metal - due to factors such as excise duty, state taxes and making charges.

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Gold Price Eases As Dollar Firms, But COVID-19 Fears Limit Losses

The dollar index rose 0.2 per cent against its rivals, making gold more expensive for holders of other currencies.

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SBI Cards Shares Fall Ahead Of June Quarter Earnings

SBI Cards on Thursday announced appointment of Ashwini Kumar Tewari as Managing Director & CEO of the company.

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Rupee Gains By 11 Paise To 74.91 Against Dollar Tracking Asian Currencies

The rupee appreciated as most Asian currencies moved higher against the US dollar on Monday.

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Sensex Maintains 250-Points Gains As Financial Stocks Witness Buying

Analysts awaited more large cap companies to report their financial results for the quarter ended June 30.

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HDFC Bank Rises Nearly 4% On Jump In June Quarter Earnings

The bank reported a 19.58 per cent increase in net profit at Rs 6,658.62 crore for the quarter ended June 30, compared to the corresponding period a year ago.

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Sensex Rises Over 350 Points; Financial Stocks Jump Led By HDFC Bank

Analysts awaited more large cap companies to report their financial results for the quarter ended June 30.

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SoftBank-Backed Policybazaar Eyes 2021 IPO In Indian Start-Up Debut

Policybazaar, which counts SoftBank Group Corp.'s Vision Fund, Tiger Global Management and Tencent Holdings Ltd. among its largest backers, may become the first of India's digital-era upstarts to go...

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Diesel Prices Hiked Across Metros, While Petrol Remains Unchanged

State-run oil marketing companies, including Indian Oil Corporation, hiked the prices of diesel, while keeping the petrol rates unchanged across the metros on Monday.

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Sensex, Nifty Likely To Open Lower

The domestic markets are likely to start the week on a weak note, post the rally witnessed in the past 5 weeks, due to record jump in COVID-19 cases globally.

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Bharat Bond ETF Subscribed Over 3 Times, Fetches Rs 10,000 Crore

The second tranche of Bharat Bond ETF (exchange-traded fund), which closed on July 17, was over-subscribed by more than 3 times and garnered around Rs 10,000 crore.

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Mindspace REIT IPO To Raise Rs 4500 Crore. Here's All You Need To Know

Mindspace aims to raise up to Rs 1,000 crore through the issuance of fresh units and up to Rs 3,500 crore by way of offer for sale (OFS), according to the documents filed with SEBI.

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Indian Oil's 300,000 Bpd East Coast Refinery To Be Shut For 3 Weeks

Indian Oil Corporation's 300,000 barrels per day refinery on the country's east coast will be shut for three weeks for maintenance, a top district administrative official told Reuters.

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Petrol, Diesel Prices Remain Unchanged On Sunday

State-run oil marketing companies, including Indian Oil Corporation, kept theprices of petrol and diesel unchanged across the metros on Sunday.

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Find Latest Petrol, Diesel Rates On Mobile. Here's How

Petrol and diesel rates in the country vary from state to state due to local taxes.

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New Form 26AS To Ask For Details On High-Value Transactions: Taxman

The existing Form 26AS demanded information on tax deducted at source (TDS) and tax collected at source (TDS) relating to a PAN.

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New Form 26AS Faceless Hand-Holding Of Taxpayers: Income Tax Department

Form 26AS will have information of transactions which used to be received up to the financial year 2015-16 in annual information returns.

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HDFC Bank April-June Profit Rises Nearly 20% To Rs 6,659 Crore

HDFC Bank's profit increased 19.58 per cent compared to the corresponding period a year ago.

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Diesel Prices Hiked By 13-18 Paise Per Litre In Metros, Petrol Unchanged

Petrol, Diesel Price Today: Diesel continues to be slightly more expensive than petrol in the national capital.

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COVID-19 Crisis: Rs 71,220-Crore Income, Corporate Tax Refunds Issued

Income Tax Refund: All refund-related cleaning up of tax demands is being taken up on priority and is likely to be completed by August 31, the Finance Ministry said.

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Over 1 Lakh Private-Sector Subscriptions To NPS In June Quarter

National Pension System: The number of corporate NPS subscribers in the age group of 18-65 years has risen to 10.13 lakh, according to an official statement.

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National Pension System (NPS) Subscriptions Rise 30% In April-June

After the onset of COVID-19, several employers have adopted or are willing to adopt deeper measures to ensure adequate support to employees in terms of their financial well-being.

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Reliance To Shut Crude Refining Unit For Maintenance In July Last Week

Other refinery units are expected to operate normally during this period

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Gold Futures Hold Rs 48,850 Per 10 Grams Mark, Silver Rs 52,650/Kilogram

Gold futures settled with a gain of 0.20 per cent at Rs 48,871 per 10 grams, and silver futures shut shop at Rs 52,676 per kilogram up 0.13 per cent from its previous close.

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Yes Bank Public Offer Subscribed 93% On Final Day

Yes Bank had fixed a price band of Rs 12-13 per share for the FPO.

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Fuel Demand In First Half Of July Falls On High Prices, Fresh Lockdowns

Renewed lockdown in parts of the country and rising retail prices hit demand

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Cadila Aims To Complete Trial Of Coronavirus Vaccine By March

Early-stage Phase 1 and 2 human trials are likely to be concluded in the next three months

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Exporters Fraudulently Claim Rs 1,875 Crore IGST Refund, Untraceable: Report

The exporters also include sevenaccredited'star exporters'

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Sensex Rallies 548 Points, Nifty Settles Above 10,900

Investor sentiment has turned positive towards equities after a slew of strong corporate earnings, analysts said.

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Sensex, Nifty Clock Fifth Weekly Gain In A Row

Analysts awaited more large cap companies to report their financial results for the April-June period.

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HCL Technologies Profit Declines 8% To Rs 2,931 Crore In June Quarter

HCL Technologies board declared an interim dividend of Rs 2 per equity share for the current financial year.

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HCL Tech Shares Gain Over 2% On Jump In Q1 Net Profit, New Chairperson

HCL Technologies reported a 31.70 per cent year-on-year (YoY) rise in net profit at Rs 2,925 crore for the quarter ended June 30, the company said in a regulatory filing.

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India's Wealthiest Woman Roshni Nadar Malhotra, The New Chief Of HCL Tech

At HCL Corporation, Roshni Nadar Malhotra is responsible for providing strategic guidance to the organisation.

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Roshni Nadar Malhotra Succeeds Shiv Nadar As HCL Tech Chairperson

His daughter Roshni Nadar Malhotra will succeed him with immediate effect, the company said.

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Sensex Hovers Above 36,650; Metal, Auto, FMCG Stocks Witness Buying

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Rupee Edges Higher To 75.13 Against Dollar

Forex traders said a positive opening in domestic equities and weak American currency supported the rupee.

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Sensex Rises Over 200 Points Amid Gains Across Sectors

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Red Tape Slows Rs 90,000 Crore Lifeline To Power Distributors: Report

The loans, announced by Finance Minister Nirmala Sitharaman, are among a raft of measures aimed at reviving an economy that's forecast to contract this fiscal year for the first time in more than four...

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Diesel Prices Hiked On Friday, While Petrol Remains Unchanged

State-run oil firms, including Indian Oil Corporation, hiked the prices of diesel across the metros on Friday, while keeping the prices of petrol unchanged.

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Sensex, Nifty Likely To Have A Strong Opening

The domestic markets are likely to open firm, extending the gains of the previous session, following positive Asian cues.

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Amazon India Demands Product Listings Have Country Of Origin By August 10

The trade ministry has called for e-commerce sites to name the country of origin beside product listings

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All You Need To Know LIC Jeevan Shanti Pension Plan

LIC's Jeevan Shanti plan can be purchased by paying a single premium of a minimum Rs 1.5 lakh. There is no upper limit for the premium.

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Electricity Generation Recovers Further In First Half Of July

Industries and commercial establishments opened up after further following gradual easing of lockdowns

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Gold Futures Hover Within Rs 300 Range Around Rs 49,000 Per 10 Grams

Gold, Silver Price Today: At 4:56 pm, gold futures quoted 0.21 per cent lower at Rs 49,057 per 10 grams, and silver futures were down 0.39 per cent at Rs 52,851 per kilogram.

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Sensex Ends Over 400 Points Higher Led By Infosys

Infosys surged to an all-time high of Rs 955.50 a day after it reported better-than-expected earnings for the quarter ended June 30.

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Reliance's Stake Sale Talks With Aramco Stalled Over Valuation: Report

On Wednesday, Reliance Chairman Mukesh Ambani had said the deal has not progressed according to plans due to the COVID-19 situation.

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Reliance Seen Emerging As Bigger Threat For Amazon, Walmart

Some industry watchers equate Reliance's digital plans to China's Alibaba and Tencent, companies Reliance itself calls "global peers".

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Infosys Shares Hit Record High After Strong June Quarter Earnings

Shares in Bengaluru-based Infosys surged more than 14 per cent to a record high on Wednesday, a day after the country's second biggest IT company reported better-than-expected earnings for the quarter...

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Spot Gold Rate Near 9-Year Peak Amid Coronavirus Fears

Spot gold moved in a very tight range of about $5, just $8.09 shy of $1,817.71, its highest since September 2011, hit last week.

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Sensex, Nifty Off Day's Highs; Banking Shares Fall, IT Shares Outperform

Mid- and small-cap shares were witnessing selling pressure as Nifty Midcap 100 index declined 0.25% and Nifty Smallcap 100 index fell 0.84%.

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June Retail Inflation Understated, Actual Figures Much Higher: SBI Report

The report suggested that June retail inflation should come at 6.98 per cent, as opposed to the government's figure of 6.09 per cent

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Compare Post Office/Bank Interest Rates For Fixed Deposits Here

The interest rates provided by the post office are slightly better compared to returns in the range of 4.90-6.2 per cent paid by top commercial banks in the country.

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With Inflation Ticking Higher It May Be Time For Reserve Bank To Pause

Having cut its key lending rate by an aggressive 115 basis points (bps) in 2020, on top of 135 bps cuts in 2019, the RBI so far has had little success in spurring credit growth amid varying degrees of...

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Infosys Set For Best Day In Over 7 Years After Profit Beats Estimate

Infosys reported a 11.5 per cent jump in profit in a quarter that was expected to be disruptive for the country's nearly $200-billion IT industry.

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Sensex Rises Over 350 Points, Nifty Touches 10,700 As IT Stocks Jump

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Mukesh Ambani's Big Steps Look Tame To Investors After Stock Doubles

The chairman of Reliance named Alphabet Inc.'s Google as the latest investor in Jio Platforms, promised a rollout of its own 5G solutions.

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Yes Bank Public Offer Subscribed 22% So Far On Day 2

Yes Bank's follow-on public offer or FPO to raise Rs 15,000 crore was subscribed 22 per cent till Thursday morning. The Yes Bank FPO, which opened for subscription on July 15, will remain open till...

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Sensex Gains Around 200 Points, IT Index Soars Over 5%

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Reliance Industries Shares Bounce Back Over 1% A Day After AGM

Trending stocks: Reliance Industries shares bounced back over 1 per cent, a day after shedding 4 per cent in wake of the 43rd and first-ever virtual annual general meeting.

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Infosys Soars 10% After Better-Than-Expected June Quarter Earnings

Infosys' revenue from operations rose 1.7 per cent to Rs 23,665 crore from Rs 23,267 crore in the previous quarter.

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Sensex, Nifty Edge Higher Led By IT Socks; Infosys Jumps 10%

Analysts awaited more large cap companies to report their financial results for the April-June period.

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Petrol, Diesel Prices Remain Unchanged On Thursday

State-run oil firms, including Indian Oil Corporation, kept the prices of petrol and diesel unchanged across the metros on Thursday.

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Sensex, Nifty Likely To Have A Cautious Start

The domestic stock markets are likely to open flat, with a positive bias, on optimism over a coronavirus vaccine amid the ongoing tensions in US-China relations.

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Tata Steel Halts Sale Of Building Systems Unit: Report

Tata Steel has laid aside plans to sell its Building Systems unit, which makes cladding and insulation panels

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Gold Futures Rangebound, Hold Rs 49,000 Mark As Equities Recede

Gold, Silver Price Today: While gold futures ended 0.45 per cent lower at Rs 49,035 per 10 grams for the day, silver futures rose 0.17 per cent to Rs 52,737 per kilogram.

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Bandhan Bank Q1 Profit Falls 32% To Rs 550 Crore On Higher Provisioning

The Kolkata-headquartered lender had posted a net profit of Rs 803.62 crore in the corresponding quarter of the previous fiscal.

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Aramco Deal Not Progressed As Plan Due To COVID-19, Says Mukesh Ambani

Reliance Industries' shares declined 5% after Mr Ambani's announcement

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Reliance Industries 43rd AGM: Full Text Of Mukesh Ambani's Speech

Full Text of Mukesh Ambani's speech at Reliance Industries' 43rd Annual General Meeting

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Infosys Profit Declines Marginally To Rs 4,233 Crore In June Quarter

Infosys has guided for 0-2 per cent revenue growth in constant currency terms for the current financial year.

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Jio Platforms' 14 Deals Announced Since April 22

Google's investment in Jio Platforms at a valuation of Rs 4.36 lakh crore for the digital platform, Reliance Industries said.

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Our Investment Of $4.5 Billion Is Biggest In India, Says Sundar Pichai

The investment of $4.5 billion is the largest in India, CEO of Google and Alphabet Sundar Pichai said after Google decided to invest Rs 33,737 crore to purchase a 7.7 per cent stake in Jio Platforms....

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What Sundar Pichai And Mukesh Ambani Said About Google-Jio Deal

Google will buy 7.7 per cent stake in the Reliance's telecom arm Jio Platforms for Rs 33,737 crore

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Sensex Slumps Over 900 Points From Day's High To End Marginally Higher

Wipro was top gainer in the Nifty 50 basket of shares, the stock jumped nearly 18 per cent, its biggest single-day gain since May 2004

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Jio Has Developed 5G Solution From Scratch: Highlights From RIL AGM

AGM of Reliance Industries 2020: Consumer business contributed 35% to company's consolidated EBITDA, RIL chairman Mukesh Ambani said.

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Google To Invest Rs 33,737 Crore In Jio Platforms: Mukesh Ambani

Google will invest Rs 33,737 crore for a 7.7 per cent stake in Jio Platforms, Reliance Industries chairman Mukesh Ambani said at the group's 43rd,and first-ever virtual annual general meeting, held on...

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Yes Bank FPO Opens Today: Here Are Key Things To Know

The private lender is offering shares to the public in a price band of Rs 12-13, amounting to around 45 per cent discount to Tuesday's closing price of Rs 20.95 a share.

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Reliance Industries To Hold 43rd AGM Today

AGM of Reliance Industries 2020: Oil-to-telecom conglomerate RIL's annual general meeting will begin at 2 pm.

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Sensex Up Over 500 Points Powered By Rally In IT Shares

Wipro was top gainer in the Nifty 50 basket of shares, the stock jumped nearly 18 per cent, its biggest single-day gain since May 2004.

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Fuel-Tax Hikes Putting Brakes On Recovery Of Virus-Hit Economy: Analysts

The central government raised levies on diesel and petrol in March and then again in early May as the coronavirus battered the economy.

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Infosys Soars Over 8% Ahead of June Quarter Results

Infosys shares soared more than 8 per cent on the BSE in mid-morning trading ahead of the June quarter results scheduled later in the day.

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Reliance Industries To Hold Virtual AGM Today, Stock Rises Nearly 2%

Reliance Industries AGM 2020: Reliance Industries will hold its 43rd annual general meeting (AGM), its first-ever virtual annual general meeting, on late-Wednesday afternoon.

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Wipro Soars 15% After June Quarter Profit Beats Estimate: 10 Points

Wipro shares gained as much as 15 per cent in early trade on Wednesday, a day after the Bengaluru-based IT major reported an increase of 2.76 per cent in net profit for the April-June period compared...

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Alcohol-Based Hand Sanitisers To Attract GST Of 18 Per Cent

The Authority for Advance Ruling has said that a GST of 18 per cent will be levied on all alcohol-based hand sanitisers as they come under category of 'alcohol-based hand sanitisers.'

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Sensex Surges Over 450 Points; Wipro Leads IT Shares Higher

Analysts awaited large cap earnings from more large cap companies, a day after IT major Wipro reported a quarter-on-quarter rise of 2.76 per cent in net profit for the April-June period.

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Diesel Prices Hiked On Wednesday, While Petrol Remains Unchanged

State-run oil firms, including Indian Oil Corporation, hiked the prices of diesel, while keeping the prices of petrol unchanged on Wednesday.

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Sensex, Nifty Likely To Open Higher

The domestic markets are likely to open in the green, after the cut of 2 per cent in the previous session, following positive global cues.

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Flipkart Raises $1.2 Billion From Walmart, Others In Fresh Funding

The investment will be received in two tranches over the remainder of the fiscal year

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Bharti Airtel, Verizon Tie Up On Video-Conferencing Tool

Airtel BlueJeans will be free for all business customers for three months and store all of its data in India.

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Wipro June Quarter Profit Marginally Higher At Rs 2,390 Crore

The Wipro shares ended 1.10 per cent lower at Rs 225.05 apiece when trading closed for Tuesday.

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Google In Advanced Talks To Invest $4 Billion In Jio Platforms: Report

An announcement could come as soon as the next few weeks, according to people familiar with the matter.

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Sensex Ends 661 Points Lower As Banking, Auto Shares Drag

Benchmark equity indices S&P BSE Sensex and NSE Nifty 50 fell nearly 2 per cent on Tuesday as rising COVID-19 cases in the country amid weak global cues rattled investors' sentiment. The Sensex shed...

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Sensex, Nifty Tumble 2% Amid Selloff In Financial Shares

Official data on Monday showed retail inflation worsened to 6.09 per cent in June from 5.84% in March, as the government released a headline figure after a gap of two months.

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Rupee Weakens Against Dollar Amid Selloff In Equities

The rupee, which had opened at 75.33 at the interbank forex market, lost ground and settled at 75.42 against the US currency, down 23 paise over its last close.

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Auto Sales Volume Will Take 3-4 Years To Recover, Says Industry Body

The coronavirus disruption to the supply chain came at a time when India's auto industry was already facing a slowdown in demand

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Sensex, Nifty Extend Losses On Broad-Based Selling Pressure

The S&P BSE Sensex and NSE Nifty 50 indexes extended losses in afternoon deals on the back of a broad-based selling pressure. The benchmarks opened lower amid weak global cues and rising COVID-19...

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June Car Sales Fall 58%, Passenger Vehicle Sales Down 50%: Industry Body

Passenger vehicle sales in the country declined 49.59 per cent last month compared with the corresponding period a year ago, industry body Society of Indian Automobile Manufacturers (SIAM) said on...

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Wholesale Deflation At 1.81% In June As Prices Fall For Third Month

In May, the wholesale prices deflated by 3.21 per cent

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Passenger Vehicle Sales Drop 50% In June Amid COVID-19: Industry Body

Passenger car sales fell 58 per cent to 55,497 in June from a year ago, while sales of two wheelers fell 39 per cent.

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Gold Futures Drop, But Hold Rs Rs 48,850 Per 10 Grams Mark

Gold, Silver Price Today: At 10:43 am, gold futures traded 0.59 per cent lower at Rs 48,860 per 10 grams on the MCX, while silver futures were down 1.35 per cent at Rs 52,332 per kilogram.

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S&P Slashes Emerging Market Forecasts, Warns Of Permanent Scars

The firm said the downward GDP revisions mostly reflected the fact that the pandemic was worsening in many emerging markets.

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Wipro Shares Trade Flat Ahead Of June Quarter Results

Wipro Share Price: The IT major had reported a net profit of Rs 2,326.1 crore for quarter ended March 31, a decline of 5.29 per cent compared to earlier December quarter.

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Rossari Biotech Subscribed 67% So Far On Day 2

Rossari Biotech IPO: Eligible investors can apply for Rossari Biotech shares under the IPO till 5 pm on Tuesday, and between 10 am to 5 pm on Wednesday.

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Spot Gold Eases Below $1,800 As Dollar Firms, COVID-19 Fears Limit Losses

The COVID-19 pandemic will worsen if countries fail to adhere to strict healthcare precautions, the World Health Organization warned on Monday, as coronavirus cases globally passed 13 million.

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Sensex Falls Over 500 Points Due To Selling In Financial, Metal Stocks

Domestic stock markets were at the lows of the day in mid-morning trading on Tuesday, in line with global equities, amid lingering US-China tensions and spike in Covid-19 cases.

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Phoenix Mills To Raise Up To Rs 1,100 Crore, Stock Edges Lower

Phoenix Mills said, in a regulatory filing on Monday, that its board approved raising funds up to Rs 1,100 crore through the issuance of shares and other instruments.

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Sensex Falls Over 300 Points; Financial, Auto Stocks Worst Hit

Official data on Monday showed retail inflation worsened to 6.09 per cent in June from 5.84 per cent in March, as the government released a headline figure after a gap of two months.

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Petrol, Diesel Prices Remain Unchanged

State-run oil firms including Indian Oil Corporation kept theprices of petrol and diesel unchanged on Tuesday, a day after hiking the diesel prices.

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Indian Stocks Underperform As Covid Stimulus Package Misses Expectations

Foreign investors have begun to price in a slower rebound for Indian stocks this year on concerns that the relatively meagre stimulus the government has delivered for businesses and consumers will...

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Sensex, Nifty Likely To Have A Negative Start

The domestic stock markets are likely to open mildly in the red, following weak global cues as coronavirus cases continue to surge across the world.

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June Retail Inflation Worsens To 6.09% From 5.84% In March

Government had suspended the release of inflation headline numbers for April and May due to inadequate data

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Rossari Biotech IPO Subscribed 43% On Day 1. Should You Invest?

Rossari Biotech IPO: Eligible investors can apply for Rossari Biotech shares under the IPO at a price of Rs 423-Rs 425 in lots of 35.

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Rossari Biotech Rs 494-Crore IPO Subscription Day 1: All You Need To Know

Rossari Biotech is a manufacturer of specialty chemicals which provides customised solutions to cater to the industrial and production requirements of its customers through a diversified product...

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Sensex, Nifty Give Up Most Of Day's Gains To End Marginally Higher

Strong buying interest in IT, consumer goods and energy stocks supported the markets, however selling pressure in banking and financial services stocks limited the upside.

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Alphabet's Google Says To Commit $10 Billion To India

Alphabet Inc's Google on Monday said it will spend around $10 billion in India over the next five to seven years through equity investments and tie-ups, marking its biggest commitment to a growth...

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Rupee Gives Up Day's Gains, Ends Flat At 75.19 Against Dollar

Rupee VS Dollar Today: After opening mildly stronger at 75.15 against the greenback compared to its previous close of 75.20, the rupee moved between 75.08 and 75.21 during the four-hour session.

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Google To Invest Rs 75,000 Crore In India In 5-7 Years: Sundar Pichai

Technology giant Google will invest Rs 75,000 crore in India over the next 5-7 years.

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Sensex Falls Nearly 500 Points From Day's High As Banking Shares Fall

Six of 11 sector gauges compiled by the National Stock Exchange were trading higher led by Nifty IT and FMCG indexes over 1 per cent gains.

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Gold Futures Hold Above Rs 49,000/10 Grams Mark Tracking Global Rates

At 12:33 pm, gold futures traded 0.36 per cent higher at Rs 49,040 per 10 grams on the MCX, while silver futures were up 1.84 per cent at Rs 52,305 per KG.

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Reliance Industries Market Value Crosses Rs 12 Lakh Crore, Shares Rise 3%

The uptick in RIL's shares on Monday came on back of the latest investment that the company's telecom arm Jio Platforms bagged from Qualcomm Ventures

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Here Are Key Things To Know About Qualcomm Ventures Post-Jio Deal

Qualcomm, headquartered at San Diego, California, is one of the world's leading wireless technology companies specializing in 3G, 4G and 5G wireless technologies.

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Rossari Biotech IPO Opens For Subscription. Here Is What You Need To Know

Rossari Biotech operates in India as well as in 17 foreign countries, including Vietnam, Bangladesh and Mauritius.

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Jack Ma Sold $9.6-Billion Alibaba Shares In Past 1 Year

Ma retired as the Chinese e-commerce company's executive chairman in September and pulled back from formal business roles to focus on philanthropy.

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Spot Gold Firm Above $1,800 Per Ounce On COVID-19 Fears

The dollar index fell 0.2 per cent against its rivals, making gold less expensive for holders of other currencies.

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Sensex Up Over 250 Points; IT, Energy Stocks Lead Gains

Investors bet consumer inflation data for June due later in the day would lead to further monetary policy easing by the Reserve Bank of India.

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Rossari Biotech Initial Public Offer Subscribed Over 4%

The Rossari Biotech IPO will remain open for subscription till Wednesday, July 15. The Rossari IPO comprises a fresh issue of shares worth Rs 50 crore and an offer of sale (OFS) of 1.05 crore shares.

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Rupee Edges Higher To 75.13 Mark Against Dollar

Rupee VS Dollar Today: Gains in domestic equity markets and foreign fund inflows supported the rupee, according to analysts.

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Biocon Soars Nearly 10% On Receiving Nod For Covid-19 Drug

Biocon received approval from the Drugs Controller General of India to market its novel biologic drug Itolizumab for treatment of patients with moderate to severe Covid-19 complications.

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Reliance Industries Gains 2% On Jio Platforms-Qualcomm Deal

Reliance Industries jumped 2 per cent after the US-based Qualcomm Incorporated's investment arm, Qualcomm Ventures, decided to buy a 0.15 per cent stake in Jio Platforms for Rs 730 crore.

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Sensex, Nifty Open Higher

Share markets elsewhere in Asia approached five-month highs on optimism about a recovery in earnings following COVID-19-induced lockdowns.

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Diesel Prices Hiked in Metros, While Petrol Remains Unchanged

State-run oil firms including Indian Oil Corporation further hiked the prices of diesel in metros on Monday, while keeping the rates of petrol unchanged since June 29.

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Over Rs 494-Crore Rossari Biotech IPO Opens Today

Mumbai-based Rossari Biotech is a specialty chemicals manufacturer which has diversified into animal health and nutrition, home, personal care and performance chemicals markets.

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Sensex, Nifty Likely To Have A Positive Start

The benchmark indices are likely to start the new week on a positive note, following positive global cues, despite a continued surge in coronavirus cases.

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Nirmala Sitharaman Reviews Progress Of Atmanirbhar Bharat Initiatives

The finance and corporate ministries immediately started implementation of the announcements related to the economic package under the Atmanirbhar Bharat series of initiatives, an official release...

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Reliance Industries Sells Rs 1.18 Lakh-Crore Stake In Jio Within 12 Weeks

On Sunday, Reliance Industries said Qualcomm Incorporated's investment arm, Qualcomm Ventures, will take a 0.15 per cent stake in Jio Platforms for Rs 730 crore

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Qualcomm Incorporated Arm To Buy Rs 730-Crore Stake In Jio Platforms

Jio Platforms is the digital services arm of Reliance Industries which houses telecom company Reliance Jio Infocomm.

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Your Investment In Post Office Schemes Yields These Returns

In the five-year National Savings Certificate scheme, an investment of Rs 1,000 grows to Rs 1,389.49 at maturity, according to India Post.

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Rossari Biotech's IPO Set To Open On Monday. Here's All You Need To Know

Rossari Biotech's initial public offer (IPO) will open for subscription for three trading days starting Monday, July 13. Trading in the Rossari IPO will be available from 10:00 am to 5:00 pm....

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Biocon Gets Regulatory Nod To Use Drug Itolizumab On COVID-19 Patients

The drug, which is also used to cure the skin disease psoriasis, was cleared by the Drug Controller General of India (DCGI) for usage in the country.

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Here's How LPG Prices Have Changed In Past One Year. Latest Rates Here

LPG Cylinder Price: LPG or cooking gas rates were lowered for three straight months prior to two marginal hikes since June 1.

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Find Out Today's Petrol And Diesel Prices In Metros Here

In a rare occurrence, the price of diesel remains slightly higher than diesel in the national capital.

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Rossari Biotech's Over Rs 494-Crore IPO Opens On Monday

Rossari Biotech provides customised solutions to cater to the industrial and production requirements of its customers through a diversified product portfolio, according to its website.

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After Vigorous Monsoon Rains, Crop Planting Gathers Pace In India

Buoyed by the plentiful rains, rice farmers are likely to harvest a record crop and step up overseas sales from the world's biggest exporter of the grain.

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Apple Supplier Foxconn To Invest $1 Billion In India: Report

Apple accounts for about 1 per cent of smartphone sales in India, the world's second-biggest smartphone market, where its pricey iPhones are often seen as a status symbol.

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Economy's Medium-Term Outlook Remains Uncertain: Shaktikanta Das

Since early June, the government has started easing restrictions to help some revival in the economy even though the number of infections in the country continues to rise.

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Petrol, Diesel Prices Remain Unchanged In Metros Since June 29

Petrol, Diesel Price Today: Petrol currently costs Rs 80.43 per litre in Delhi and Rs 87.19 per litre in Mumbai, and diesel Rs 80.78 per litre and Rs 79.05 per litre respectively.

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COVID-19 Biggest Test Of Economic, Financial System Resilience: RBI Chief

"The COVID-19 pandemic, perhaps, represents so-far the biggest test of the robustness and resilience of our economic and financial system," RBI Governor Shaktikanta Das said.

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Signs Of Normalcy In Economy But Medium-Term Outlook Uncertain: RBI Chief

Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday that the country's economy has started to show signs of normalcy with easing of COVID-19-related lockdown restrictions, however "a...

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COVID-19 Worst Health, Economic Crisis In Last 100 Years: Shaktikanta Das

COVID-19 is the worst health and economic crisis in last 100 years, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Saturday. "The outbreak of COVID-19 pandemic is unambiguously the worst...

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Economic Growth Top Priority, Says RBI Governor Shaktikanta Das

Many economists have warned of a recession this year due to the damage caused by the COVID-19 disease.

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At $513.25 Billion, India's Forex Reserves Hit Fresh All-Time High

In the week ended July 3, the reserves rose due to an increase in foreign currency assets, which is the major component of the overall reserves

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Global Public Debt, Fiscal Deficits To Reach All-Time High, Warns IMF

Global public debt is expected to exceed 100 per cent of the GDP in 2020-21, a senior IMF official said

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India Has More Room For Fiscal Support To Households, Small Firms: IMF

IMF has predicted a 4.5 per cent contraction in India's economy this year

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IMF Warns Cutting Government Spending Too Soon Could Derail Recovery

The Washington-based crisis lender, which historically has always advocated for governments to restrain spending, is in the unusual position of urging officials to flood their countries with cash.

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Government's Guarantee-Free Loan Scheme Does Little To Save MSMEs

Businessmen say they are so hamstrung by the pandemic that taking on new debt made little sense

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SBI Board To Meet Next Week To Consider Raising Capital Via Bonds

The SBI stock finished 1.73 per cent in the red, with the shares priced at Rs 195.65 apiece at closing.

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Sensex Ends 143 Points Lower As Financial Stocks Weigh On Markets

Seven of 11 sector gauges compiled by the National Stock Exchange ended lower led Nifty PSU Bank index's 2.7 per cent fall.

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Gold Futures Hover Near Rs 49,100 Per 10 Grams Mark

Gold, Silver Price Today: At 2:51 pm, gold futures traded 0.43 per cent higher at Rs 49,090 per 10 grams on the MCX, while silver futures were up 0.7 per cent at Rs 51,450 per kilogram.

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Sensex Ends 143 Points Lower As Financial Stocks Weigh On Markets

Official data on industrial production and retail inflation will be released later in the day.

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Sensex Falls Over 300 Points, Nifty Below 10,750; Financials Worst Hit

Official data on industrial production and retail inflation will be released later in the day.

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Spot Gold Headed For Fifth Weekly Gain In A Row As Risk Appetite Wanes

Gold has risen about 18 per cent this year, with safe-haven demand fuelled by the surge in coronavirus cases driving the metal to a near nine-year peak of $1,817.71 per ounce on Wednesday.

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Fuel Prices Unchanged, Diesel Stays Costlier Than Petrol In Delhi

In the national capital, the price of petrol is currently at Rs80.43 per litre and diesel at Rs 80.78 per litre

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China's Central Bank Cuts Stake in HDFC: Report

The PBOC held about 17.5 million shares, accounting for a 1.01 per cent shares, at end-March.

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Rupee Drops To 75 Levels Amid Rise In Dollar Demand

Rupee Vs Dollar Today: Analysts say increased demand for dollars among banks and importers and strength in the US currency overseas put pressure on the rupee.

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Yes Bank Public Offer Floor Price Fixed At Rs 12, Stock Declines 5%

The bank's stock reacted negatively to the floor pricing information as it witnessed a sharp dip soon after the announcement

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Sensex, Nifty Struggle Amid Broad-Based Selling Pressure

Nine of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty PSU Bank index's 3 per cent fall.

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What Experts Say On Sovereign Gold Bonds

Sovereign Gold Bonds 2020-21 Scheme: Gold prices in the country continue to hover near their all-time highs, with MCX futures scaling a record high of Rs 49,348 per 10 grams this week.

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TCS Shares Fall After Profit Declines In June Quarter

Analysts had on an average expected the company to report a profit of Rs 7,705 crore, news agency Reuters reported citing Refinitiv data.

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PNB Shares Fall on Reporting DHFL's Rs 3,689 Crore Loan As Fraud

Other banks including State Bank of India and Union Bank have also reported DHFL's accounts as fraudulent.

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Today Last Day To Buy Sovereign Gold Bonds. Next Window Opens In August

The Sovereign Gold Bond programme enables investors to park their funds in non-physical gold and even earn interest, subject to investment limits.

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Sensex Falls Over 200 Points, Nifty Near 10,750; TCS Shares Flat

Official data on industrial production and retail inflation will be released later in the day.

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TCS Shares To Be In Focus As June Quarter Profit Misses Street Estimate

The IT major's board declared an interim dividend of Rs 5 per share.

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Punjab National Bank Reports Rs 3,689-Crore DHFL Loans As Fraud

State-run Punjab National Bank was hit by a Rs 11,300-crore fraud involving billionaire jeweller Nirav Modi in 2018.

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Reliance Industries-BP Fuel And Mobility Joint Venture Begin Operations

According to an official release, bp paid RIL $1 billion for a 49 per cent stake in the joint venture, while RIL will be holding 51 per cent

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Yes Bank Plans To Raise Up To Rs 15,000 Crore In Share Sale

It will now look to bolster its balance sheet through the share offering from July 15 to 17, according to a stock exchange filing.

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Gold Futures Hold Rs 49,150/10 Grams Mark, Remain Near Record High

Commodity exchanges currently allow trading for reduced hours in view of the coronavirus pandemic. Trading now begins at 9 am to end at 5 pm, instead of 11:50 pm earlier.

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Sovereign Gold Bond Subscription Ends In 1 Day. Should You Invest?

The Sovereign Gold Bond scheme enables the public to park funds in non-physical gold and earn interest on their investments.

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Gold Gains Rs 232, Silver Zooms Rs 1,275 Tracking Global Gains

In the international market, gold rates steadied above the key $1,800 per ounce level on Thursday

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TCS Profit Drops 13% In June Quarter, Misses Analysts' Estimates

Tata Consultancy Services (TCS) said its revenue in constant currency terms declined 6.3 per cent on a year-on-year basis.

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Government Looks At Rs 20,000 Crore By Selling Stakes In 2 Firms: Report

PM Modi in February had planned to raise as much as Rs 2.1 lakh crore selling state assets

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Hiring Jumped 33% In June Compared To May, Says Survey

However on a year-on-year basis, hiring in June is down 44 per cent

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Sensex, Nifty Close Over 1% Higher As Rally Continues After A Day's Halt

All sector gauges, barring the index of FMCG shares, ended higher led by the Nifty Metal index's 2 per cent gain.

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TCS Shares Slip Ahead Of June Quarter Earnings

The company is scheduled to report its earnings later in the day after market hours on Thursday.

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Tata Sons In Talks To Buy Out AirAsia India Stake At Steep Discount: Report

Tata Sons will likely tie up with other financial investors to acquire AirAsia's 49 per cent stake in the venture, according to the newspaper.

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Rupee Gives Up Most Of Day's Gains, Ends At 74.99 Vs Dollar

The rupee has recovered 2.46 per cent from a record low of 76.91 logged in April, but still it is down 5.13 per cent against the American currency so far this year.

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Yes Bank To Raise Rs 15,000 Crore Via Further Public Offering

Yes Bank's offer will open on July 15 and close on July 17 and the equity shares will be offered at a face value of Rs 2 apiece

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Rupee Edges Higher To 74.91 Against Dollar

The rupee has recovered 2.46 per cent from a record low of 76.91 logged in April, but still it is down 5.13 per cent against the American currency so far this year.

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Gold Futures Near Record High, Hold Rs 49,100 Per 10 Grams Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 49,318/10 grams, and silver at Rs 51,232/kilogram.

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Travel Curbs Thwart Gold Smugglers, Boost Legal Market

Because they evade duties, the grey market operators usually sell gold at discounts to market prices

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Spot Gold Holds Above $1,800 Level As COVID-19 Casts Long Shadow

Worries over mounting COVID-19 cases offset hopes of a swift global economic recovery.

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Sensex, Nifty Trade Firmly Higher; Metal, Banking Shares Outperform

Share Market Update: Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 2.6 per cent gain.

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Strides Pharma Surges On USFDA Nod For Headache Drug

Strides Pharma shares surged as much as 5% after it got approval from USFDA for Butalbital, Acetaminophen, Caffeine, andCodeine Phosphate Capsules.

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Diesel Remains More Expensive Than Petrol In Delhi

Petrol, Diesel Rate Today: Except Delhi, the prices of petrol continued to be higher compared to diesel in the metros.

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India Inflation Likely Slowed In June As Lockdown Curbs Ease: Poll

Loosened coronavirus-led restrictions in most of the country drove a slight recovery in economic activity and helped reduce a supply crunch.

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Sensex Rises Over 200 Points, Nifty Tops 10,750 Amid Gains Across Sectors

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week.

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Manappuram Finance Settles Insider Trading Case With Sebi

The matter relates to the company and some individuals communicating unpublished price sensitive information (UPSI) to market participants in March 2013.

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Amazon India's Unit Gets Rs 2,310 Crore From Parent Company

Amazon's Indian arm in May said it would hire 50,000 temporary workers to meet a surge in online shopping in the country

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Gold Futures Near All-Time High, Cross Rs 48,900 Per 10 Grams Level

At 3:09 pm, gold futures traded 0.27 per cent higher at Rs 48,930 per 10 grams, while silver futures (September 4) were up 0.60 per cent at Rs 50,502 per kilogram.

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Sensex, Nifty End 1% Lower, Break 5-Day Winning Run

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week for cues.

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Gold Steadies Near Over 8-Year High As COVID-19 Cases Rise

Gold tends to benefit from widespread stimulus measures from central banks because it is widely viewed as a hedge against inflation and currency debasement.

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Hit By Virus, AirAsia Shares Tumble, Future In "Significant Doubt"

On Monday, AirAsia reported a record quarterly loss of 803 million ringgit ($187 million) for the first three months of the year

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All You Need To Know About Reliance Jio 1.5 GB/Day Data Plans

Jio Recharge Plans: Reliance Jio's Rs 199 recharge plan offers 1.5 GB per day high speed internet data for a validity of 28 days.

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Rupee Weakens, Returns To 75 Mark Against Dollar

The rupee has recovered 2.57 per cent from a record low of 76.91 logged in April, but still it is down 5 per cent against the American currency so far this year.

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GMR Infra Gains Over 2% After Closing Stake Deal With France's Groupe ADP

GMR Infra shares gained more than 2 per cent after the infra company completed the deal to sell 49 per cent stake to France's Groupe ADP.

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Here's Why Little Uptick In Rupee Is Expected Despite Multiple Positives

Traders suspect the RBIbought dollars in May and June as the return in risk appetite and overseas investments by a dozen firms

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State Bank Of India Cuts Key Interest Rate For Loans Up To 3 Months

With this, SBI said its Marginal Cost-based Lending Rate continues to be at the lowest level in the market.

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Sovereign Gold Bonds Subscription Ends Soon. Key Features Explained Here

The government's Sovereign Gold Bond programme was launched in 2015 to reduce the country's reliance on gold imports to meet domestic demand.

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All You Need To Know About LIC New Jeevan Anand Plan

LIC Policy: Minimum age for buying the LIC New Jeevan Anand policy is 18 years and maximum age is 50 years, LIC said on its website.

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Sensex, Nifty Turn Flat; Financials Attract Buying, IT Stocks Weak

Domestic stock markets have turned absolutely flat in mid-morning session asbuying interest in financial stocks is being negated by selling in IT space.

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Rupee Edges Lower Tracking Asian Currencies, Hits 74.99 Against Dollar

Forex traders said steady crude oil prices and foreign fund inflows supported the rupee, while factors like strong dollar, muted domestic equities and rising COVID-19 cases dragged the local unit...

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AirAsia In Trading Halt After Auditor Triggers "Going Concern" Doubts

AirAsia on Monday posted a 803.3 million ringgit ($188 million) loss for the three months ending March 31, its biggest first-quarter loss since its listing in November 2004.

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Yes Bank To Raise Funds Through Follow-On Public Offer, Stock Jumps 2%

The Capital Raising Committee (CRC) of the board of directors, at its meeting held on July 7, approved fund raising through a follow-on public offer.

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Hotter World Will See 21% GDP Fall, India on "Ruinous Trajectory": Study

India is singled out by Oxford Economics as following a particularly ruinous trajectory, with GDP falling 90 per cent by 2100 if countries don't improve current policies.

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Government's Budget Deficit May See RBI Resort to Direct Financing

The administration can get the Reserve Bank of India to buy sovereign bonds directly or boost dividends to help supplement revenue.

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Sensex Rises Over 150 Points Tracking Cautious Gains In Asian Markets

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week.

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Delhi LPG Rate At Rs 594/Cylinder. Here Are Latest Prices In Other Cities

Latest LPG Rate: Currently, the LPG price in Delhi is at the lowest level recorded since August 2019.

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France's Groupe ADP Completes 49% Stake Buy In GMR's Airport Business

France's Groupe ADP has infused Rs 4,565 crore, which is the second tranche of investment, in GMR Airports Limited (GAL) to conclude its deal to purchase a total 49 per cent shareholding in the...

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Petrol, Diesel Prices Remain Unchanged On Wednesday

Petrol prices remained unchanged in the metros for the ninth consecutive day, on Wednesday, while the diesel prices also saw no changes after the hike on Tuesday.

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Sensex, Nifty Likely To Have A Cautious Start

The domestic Indian stock markets are expected to open flat, with a positive bias, this morning after the gains of the past five trading sessions.

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Finance Minister Meets 23 State-Owned Companies Over Capital Expenditure

The finance minister said the combined capital expendituretarget of these 23 CPSEs for the year 2020-21 is Rs 16,5510 crore

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Some Sectors Already Reviving, Economy Will Bounce Back: Niti Aayog CEO

Niti Aayog CEO said India must identify 12 or 13 sectors in which it can be a global champion

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In A First, Finance Commission To Have A Chapter On Health Financing

The commission that a high-level committee along with the World Bank will come up with recommendations for the health sector

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US Firms In India Not Ready To Pay Digital Tax, Says Representative Body

The government in March said all foreign billings for digital services provided in the country would be taxed at 2 per cent from April 1

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How To Order An Aadhaar Reprint Online

An online facility provided by UIDAI enables Aadhaar-registered users to order a printed copy of their Aadhaar card online.

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Aatmanirbhar Package To Have Multiplier Effect On Economy: Anurag Thakur

The minister of state for finance said the government is doing everything to deal with the challenges caused by the outbreak of COVID-19 pandemic

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3 Days Left To Buy Gold Bonds. Key Details To Know Before Investing

Sovereign Gold Bonds come with a maturity period - or lock-in - of eight years, with an exit option after the fifth year.

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Sensex, Nifty Gain For Fifth Straight Day Led By Banking, IT Shares

Gains in financial and IT shares pushed the markets higher, however losses in metal, infrastructure and energy counters limited the upside.

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Gold Futures Hold Rs 48,100 Per 10 Grams Mark Amid Volatile Trade

Gold Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 48,141/10 grams, and silver at Rs 49,245/kilogram.

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Spot Gold Steady Near 8-Year Peak As COVID-19 Cases Surge

Gold followed moves in the dollar index, which recouped some losses, but still held near a two-week low.

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Rupee Ends Weaker At 74.93 Against Dollar

The dollar index, which gauges the greenback''s strength against a basket of six currencies, rose 0.26 per cent to 96.97.

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Diesel Price Hits All-Time High In Delhi As Rates Increase After A Week

On 24 June, diesel became costlier than petrol in Delhi for the first time ever and has remained so, since then

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Tech Giants Suspend Review Of Requests For Hong Kong Users' Data

Facebook, Googleand Twitter have suspended processing government requests for user data in Hong Kong

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Want To Open FD Account? Here Are Interest Rates Offered By Top Banks

State Bank of India - offers interest rate in the range of 2.90-5.40 per cent on its fixed deposit scheme for a period of 7 days to 10 years.

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Jailed Unitech Promoter Sanjay Chandra Gets Bail As Parents Hospitalised

The top court granted the bail because Chandra's parents are unwell and hospitalised.

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Vistara In Talks With Lessors To Delay Taking Delivery Of Some Aircraft

Vistara, which has a fleet of 41 aircraft, will take delivery of at least one Boeing 787 and two other planes this calendar year.

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Sensex Falls 350 Points From Day's High; Energy, Metal Stocks Lead Losses

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week.

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Shriram Transport Finance Okays Rs 1,500 Crore Rights Issue, Stock Edges Higher

The commercial vehicles financier said in a regulatory filing on Monday that it has fixed a price of Rs 570 a share for its proposed rights issue ofRs 1,500 crore.

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Sensex, Nifty Turn Flat As Markets Give Up Early Gains Amid Choppy Trade

Analysts awaited key macroeconomic data as well as the first of the quarterly corporate earnings due this week for cues.

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Petrol Prices Unchanged For Eighth Day, Diesel Rates Hiked On Tuesday

Petrol prices remained unchanged in the metros for the eighth consecutive day, on Tuesday, while the diesel prices were hiked by 23-25 paise across most cities in the country.

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Sensex Rises Over 150 Points, Nifty Starts Day Above 10,800

MSCI's broadest index of Asia Pacific shares outside Japan was last seen trading0.02 per cent lower.

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Sensex, Nifty Likely To Open Lower

The domestic markets are headed for a negative start on Tuesday, breaking a 4-day winning run, going by early tradingon SGX Nifty.

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On Vistara, Book Adjacent Seat At Discount To Keep It Vacant

Vistara's statement came after the company released survey which found 24% passengers were worried that fellow flyers would not adhere to COVID related health protocols.

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Government Reviewing Around 50 Investment Bids From Chinese Firms: Report

Under new rules announced by India in April, all investments by entities based in neighbouring countries need to be approved by the government

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Government, World Bank Sign $750 Million Agreement To Support MSMEs

The agreement will support the government in providing guarantees to incentivise banks and NBFCs to continue lending to MSMEs

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Finance Ministry Denies Reports Of Merging Direct And Indirect Tax Bodies

Finance Ministry said that the merger was earlier recommended by the Tax Administrative Reforms Commission but was not accepted

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Coal India Output Cut By 56% During Workers' Three-Day Strike: Report

The world's largest coal miner's production fell to 573,000 tonnes per day compared with a June average output of 1.29 million tonnes per day

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Economy Will Contract 4.5% in 2020, Says Government, Cites Lockdown

The report noted that revenue receipts so far in the current financial year have declined by 68.9 per cent on a year-on-year basis

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Crude Oil Prices Up On Tighter Supply, Expectations For Positive Data

Global market sentiment was also positive as investors expected a string of improving economic data

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MCX To Launch Gold Mini Options From July 10

With effect from July 10, the August, September and October monthly Gold Mini option contracts will be available for trading, MCX said.

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Gold Rates Ease But Rising COVID-19 Cases Cap Losses

Spot gold was down 0.1% to $1,772.73 per ounce by 0521 GMT. U.S. gold futures fell 0.5% to $1,780.80.

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Sensex Surges Over 600 Points Led By Reliance Industries, HDFC Bank

HDFC Bank shares gained nearly 4 per cent on Monday after the country's top private sector lender reported a jump of 21 per cent in loans.

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Here Is How To Withdraw Provident Fund (EPFO) Online Amid COVID-19

The government in March this year allowed Employees' Provident Fund subscribers to withdraw non-refundable advance from their corpus in view of the deadly coronavirus (COVID-19) pandemic.

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Gold Futures Stuck In Tight Range Near Rs 48,000/10 Grams Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 48,283/10 grams, and silver at Rs 48,803/kilogram.

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Sobha Surges After April-June Sales Rise 70% Despite COVID-19

Sobha Limited shares surged as much as 5.67 per cent to hit an intraday high of Rs 235.50 on the BSE after the company on Saturday informed exchanges that despite the COVID-19 induced lockdown it...

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Defence Stocks Rally For Second Day After Centre Okays Military Purchases

Last week, the Ministry of Defence approved the purchase of missiles, ammunition and weapon systems worth Rs 38,900 crore in wake of the heightened tensions with China.

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Sensex, Nifty Hit Four-Month Highs, Led By HDFC Bank

The domestic markets rose for a fourth straight session to touch 4-month highs on Monday, powered by strength in HDFC Bank and buying interest in other financial stocks.

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Sovereign Gold Bonds Open For Subscription Till July 10. Should You Buy?

Just like the issue price, the return is also linked to the price of the yellow metal.

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Rupee Edges Higher To 74.50 Amid Weakness In Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 75.59-75.73 against the greenback during the four-hour session, having started the day at 75.60.

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Best Day In 3 Weeks For HDFC Bank Shares On Robust Loan Growth

At 10:04 am, HDFC Bank shares traded up 3.77 per cent at Rs 1,114.65, outperforming the benchmark S&P BSE Sensex index which was up 1.14 per cent.

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ICICI Bank Plans To Raise Funds; Shares Gain Nearly 2%

The leading private lender's board will meet on July 8 to consider raising funds through an equity share sale in order to strengthen its balance sheet.

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