India Sees Above Average Monsoon Rain In June, Accelerating Crop Sowing

India is likely to see above average monsoon rainfall even in July, a crucial month for sowing of summer crops.

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Gold Price Set For Best Quarter In 4 Years As Coronavirus Fears Persist

Bullion was on track for a third straight monthly rise and a quarterly gain of more than 12 per cent.

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June Monsoon Rainfall 18% More Than Average: Weather Office

India is likely to see above average monsoon rainfall even in July, a crucial month for sowing of summer crops, said an IMD official.

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India Records Current Account Surplus Of 0.1% In March Quarter

For the full fiscal year 2019-20, the current account deficit narrowed to 0.9 per cent of the GDP compared to 2.1 per cent in FY 2018-19

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Vistara Announces 5-20% Pay Cut For 40% Employees Till December

Aviation sector has been hit hard by the pandemic and all airlines in India have resorted to cost-cutting measures like pay cuts to survive the crisis.

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Fiscal Deficit Touches 58.6% Of Annual Target This Year In Two Months

Net tax receipts during April-May period were Rs 33,850 crore, while total expenditure was Rs 5.12 lakh crore

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Core Sector Production Contracts 23.4% In May

The coal, cement, steel, natural gas, refinery and crude oil sectors "experienced substantial loss of production" due to the lockdown in April and May, the government said.

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Elon Musk's Extraordinary Decade As Tesla Shares Grow From $17 To $1,000

As Wall Street waits for Tesla to report second-quarter production later this week, here are 10 key moments that shaped its extraordinary decade

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Sensex, Nifty Erase Intraday Gains To End Marginally Lower

Eleven of 19 sector gauges compiled by the BSE ended lower led by the S&P BSE Oil & Gas index's 1.5 per cent decline.

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Sensex, Nifty Close Lower

Equities in other Asian markets moved higher amid figures that showed China's manufacturing sector grew more than expected in June, following overnight gains in the US on strong housing data.

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UK Economy Contracts 2.2% In Worst Quarterly Slump Since 1979

UK's economy shrank 2.2 per cent in the first quarter, or January-March period

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Sensex Falls Over 350 Points From Day's High; HDFC Bank, RIL Top Drags

Twelve of 19 sector gauges compiled by the BSE were trading lower led by the S&P BSE Oil & Gas index's 1.45 per cent decline.

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Government Procures Record Wheat, Experts Flag Storage Issues

FCI, which buys grain from farmers at a state-set guaranteed price, has bought a record 38.83 million tonnes of wheat

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COVID-19 May Set Back Banks' Recovery By Years, Raise Bad Loans: S&P

Non-performing loans are likely to shoot up to 13-14 per cent of total loans in the fiscal year ending March 31, 2021.

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Bond Yields Slide After Special Open Market Operation Announcement

The RBI said on Monday it will buy up to Rs 10,000 crore worth of papers in the 9-13 year tenor from the market on July 2

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Why Sunil Mittal Is Bidding For This UK Satellite Firm

An arm of Mittal's Bharti Enterprises conglomerate made an offer for the London-based OneWeb with backing from the U.K. government.

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Gold Futures Hover At Rs 48,300 Per 10 Grams Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the closing rate of gold jewellery stood at Rs 48,600/10 grams, and silver at Rs 48,614/kilogram.

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Tata Steel Soars Nearly 4% Post March Quarter Results

The steel maker posted a consolidated net loss of Rs 1,095.68 crore for quarter ended March 31, compared with a net profit of Rs 2,430.92 crore in corresponding quarter last year.

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Sensex, Nifty Rise In Early Trade

On Monday, the Sensex had ended 209.75 points - or 0.60 per cent - lower at 34,961.52, and the Nifty settled at 10,312.40, down 70.60 points - or 0.68 per cent - from its previous close.

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Diesel Remains Costlier Than Petrol In Delhi. Here Are Latest Fuel Rates

Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT).

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Sensex, Nifty Likely To Open Higher

The domestic stock markets are expected to start the day in the green, following positive global cues on upbeat US data and hopes for stimulus-backed economic rebound.

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Amazon To Pay $500 Million In One-Time Bonuses To Front-Line Workers

Amazon has been facing intense scrutiny over whether it is doing enough to protect staff from the COVID-19 pandemic

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Gold Futures Hold Rs 48,300 Per 10 Grams Mark Amid Rising COVID-19 Cases

Gold Price Today: According to Mumbai-based industry body IBJA, the closing rate of gold jewellery stood at Rs 48,554/10 grams, and silver at Rs 48,565/kilogram.

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Gold Price Moves Higher As COVID-19 Concerns Boost Safe-Haven Appeal

The relentless spread of the coronavirus intensified investor fears about a delay in global economic recovery and weighed on risk appetite, driving inflows into safe-haven assets.

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Rupee Rises To 75.58 Against Dollar Amid Gains In Asian Currencies

Rupee Vs Dollar Today: The rupee moved in a range of75.52-75.65 against the dollar during the session, before shutting shop at 75.58 for the day.

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Nifty Gives Up 10,350 As Financial, Energy IT Stocks Pull Markets Lower

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent on Monday morning, while Wall Street sharply retreated on Friday.

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Government Plans Incentives For Auto Companies To Boost Exports: Report

The initial proposal reportedly suggests giving incentives over five years to increase local production and procurement for export

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Sensex Closes 210 Points Lower; Financial, IT, Metal Stocks Lead Losses

MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.6 per cent on Monday morning, while Wall Street sharply retreated on Friday.

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S&P Maintains China's Sovereign Rating With Stable Outlook

S&P in its report saidthat China is likely to maintain above-average economic growth relative to other middle-income economies

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Piramal Shares Jump After US-Based Carlyle Buys Stake In Pharma Unit

Piramal Enterprises had said the deal valued its pharmaceuticals business at an enterprise value of $2,775 million with an upside component of up to $360 million.

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Sensex, Nifty Struggle; Banks Fall, Pharma, FMCG Shares Outperform

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

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Chinese Firms Bag 50% Of Global Equity Raising In First Half Of 2020

China-based companies sold shares worth $32.1 billion in January-June, equivalent to 49.8 per centof worldwide offerings

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ITC Surges After Profit Rises In March Quarter As Tax Expense Reduces

ITC's board recommended a dividend of Rs 10.15 per share for financial year 2019-20.

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Ruchi Soya March Quarter Loss At Rs 41 Crore, Shares Fall

Ruchi Soya said it is ensuring the movement of edible oils and soya food products to the end-consumer.

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Insurance Regulator Asks Firms Offer Health Policy For COVID-19 By July

IRDAI has asked the insurance firms to offer two health insurance policies - Corona Kavach Policy, Corona Rakshak Policy.

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Toughest Times May Be Over For Rupee, Asia's Worst-Performing Currency

The rupee may strengthen to 75 per dollar by the end of December, an advance of about 1 per cent from Friday's close of 75.6475, according to a Bloomberg survey.

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Too-Big-To-Fail Banks Mostly A Thing Of The Past: Regulators

Funding costs for banks have risen in a reflection that banks are more likely to write down the special debt rather than be rescued by taxpayers, the evaluation showed.

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Sensex, Nifty Decline In Early Trade

Shares elsewhere in Asia began the week with caution as the relentless spread of the coronavirus made investors question their optimism on the global economy.

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Sensex, Nifty Likely To Open Lower Today

The global number of deaths from COVID-19 reached half a million people on Sunday, according to a tally by news agency Reuters.

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Petrol, Diesel Rates Hiked In Metros After A Day's Pause

Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT).

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COVID-19 Disrupted Business Models Of Insurance Companies: Report

All insurers have seen a degrowth in April and May due to the coronavirus lockdown, MD and CEO of IFFCO-TOKIO Anamika Roy Rastrawar said at a webinar.

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Petrol, Diesel Price Hike Paused After 21 Days

Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT).

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NTPC Profit Falls 70% To Rs 1,524 Crore In March Quarter

NTPC said its total expenses stood at Rs 26,685.02 crore in the January-March period, up 25.56 per cent over the year-ago period.

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Carlyle Buys Rs 3,700-Crore Stake In Piramal Enterprises' Pharma Business

Piramal Pharma will use the capital raised through the dealto accelerate its organic and inorganic growth plans.

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Monsoon Covers Entire Country Earlier Than Expected: Weather Office

Farmers plant crops such as rice, corn, cane, cotton and soybeans in the rainy months of June and July, with harvests from October.

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Fitch Upgrades Reliance Industries' Ratings, Outlook Stable

Reliance Industries' local-currency rating "reflects its strong business profile with a market leading position and diversified cash flows", according to Fitch.

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Gold Discounts Widen In Top Asian Hubs Amid Rising COVID-19 Cases

Physical gold was sold at a discount of $0.50 an ounce to a premium of $0.50 an ounce versus the benchmark in Hong Kong, slipping from last week's premium of $0.50-$1.50.

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Diesel Remains Costlier Than Petrol In Delhi For Fourth Straight Day

Domestic petrol and diesel prices are determined broadly by crude oil and forex rates, and vary from state to state due to value added tax (VAT).

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India To End Central Control Of Gas Prices, Encourage LNG Transport Use

India aims to raise the share of gas in its energy mix to 15 per centby 2030, from 6.2 per cent

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ITC Reports Rs 3,797 Crore Profit In March Quarter, Announces Dividend

The revenue from operations witnessed a dip of 1.8 per cent from Rs 11,633 crore last year to Rs 11,420 crore this year

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Coal India Profit Dips 23% To Rs 4,625 Crore In March Quarter

Coal India had posted a net profit of Rs 6,026 crore in the same quarter of the previous fiscal

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Sensex, Nifty Snap Two-Day Losing Streak Led By IT Shares

Seven of 11 sector gauges compiled by the National Stock Exchange ended higher led by Nifty IT index's over 4 per cent gain.

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Asset Quality Of Housing Lenders Likely To Worsen: Rating Agency ICRA

ICRA said gross non-performing assets (GNPA) in the housing segment could increase 2.5-3 per centin the fiscal year through March 2021

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Rupee Appreciates By 55 Paise For Week, Settles At 75.64 Against Dollar

Rupee Vs Dollar Today: The rupee could not sustain intraday gains and ended nearly unchanged at 75.64 against the US dollar.

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

Six of 11 sector gauges compiled the National Stock Exchange were trading higher led by the Nifty IT index's over 4 per cent gain.

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Rupee Gains By 20 Paise To 75.46 Against Dollar Tracking Asian Markets

Rupee Vs Dollar Today: The rupee moved in a range of 75.46-75.54 against the greenback during the session, having started the day stronger at 75.52 compared to its previous close.

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Ashok Leyland Reports Loss Of Rs 57 Crore In March Quarter

Ashok Leyland reported revenue of Rs 17,467 crore in financial year 2020 as against Rs 29,055 crore for the same period last year.

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India's Auto, Pharma Sectors Not Ready To Wean Off China

India relies on China for products such as electronic components and drug ingredients because it cannot make them or source them elsewhere as cheaply, company and industry figures say.

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Market Regulator Sebi Eases Preferential Issue Pricing Norms

Sebi has decided to allow acquisition of shares through stock exchange settlement process by way of bulk or block deals during an open offer subject to certain conditions.

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Sensex, Nifty Rise 1% Backed By Gains Across Sectors

Equities in other Asian markets eked out gains but were set to finish the week on a flat note.

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Sensex, Nifty Likely To Start Day On A Positive Note

On Thursday, the Sensex had ended a volatile session 26.88 points - or 0.08 per cent - lower at 34,842.10, and the Nifty settled at 10,288.90, down 16.40 points - or 0.16 per cent - from its previous...

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Petrol, Diesel Cost Above Rs 80/Litre In Delhi As Fuel Rates Hiked Again

However, the prices of petrol continued to be higher than diesel rates in the other metro cities of Kolkata, Mumbai and Chennai.

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Indians' Money In Swiss Banks Down 6% To Rs 6,625 Crore In 2019

This marks the second consecutive year of decline in aggregate funds of Indian clients with all Swiss banks

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Rupee Gains 7 Paise To End At 75.65 On Easing Crude Prices

During the four-hour trading session, the domestic unit witnessed an intra-day high of 75.57 and a low of 75.76

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COVID-19: Vaccine Makers Face Biggest Medical Manufacturing Feat Ever

The supply chain of a potential vaccine stretches from Pune in India to England's Oxford and Baltimore in the United States

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Gold Futures Slip Below Rs 47,900/10 Grams Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the closing rate of gold jewellery stood at Rs 48,137/10 grams, and silver at Rs 47,585/kilogram.

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Gold Price Steadies As Spike In COVID-19 Cases Hits Equities

The US dollar held firm on Thursday as rising trade tensions coupled with fears of a second wave of coronavirus fuelled demand for the safe-haven currency.

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Sensex, Nifty End Volatile Session Lower As June F&O Contracts Expire

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

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Housing Sales In Top 7 Indian Cities Down 81%: Property Consultant

The coronavirus (COVID-19) pandemic dented new launches, leading to an unprecedented "significantly high" gap between the supply and sales, according to ANAROCK.

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Sensex Drops Over 300 Points, Nifty Below 10,250 Ahead Of F&O Expiry

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

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Sensex, Nifty Flat; FMCG, Pharma Shares Gain Ahead Of F&O Expiry

Markets are likely to remain volatile in today's session as derivative contracts for June are set to expire today, analysts said.

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Softbank Is Not "SoftPunku", Masayoshi Son Told Shareholders. Here's Why

Masayoshi Son said that the value of the Japanese conglomerate's holdings has recovered to pre-coronavirus outbreak levels.

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IMF Predicts Significantly Deeper Recession For Virus-Hit Global Economy

IMF chief economist Gita Gopinath said that the cumulative loss for the world economy this year and next as a result of the recession is expected to reach $12.5 trillion.

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Alibaba's Jack Ma Is No Longer China's Richest Person. Who Replaced Him

The coronavirus pandemic has accelerated the digitization of the workplace and changed consumers' habits, boosting shares of many internet companies.

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Sensex Down Over 100 Points As Markets Pare Early Losses

Domestic stock markets started Thursday's session on a negative note tracking global equities, which plummeted amid rising concerns about a surge in coronavirus infections globally.

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Diesel Price Above Rs 80/Litre In Delhi, Still More Expensive Than Petrol

However, the prices of petrol continued to be higher than diesel rates in the other metro cities of Kolkata, Mumbai and Chennai.

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Centre's Rs 20,000-Crore Credit Guarantee Scheme For Small Businesses

In case of default, creditors giving subordinate debt are paid after primary debt is settled in full.

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Sensex, Nifty Likely To Have A Gap-Down Opening

The domestic stock markets are expected to open in the red, extending the losses witnessed in the previous session, following shakyAsian cues and weak trends in the SGX Nifty futures.

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Apple, Other US Goods From China Held Up At Indian Ports: Report

Apple, Cisco and Dell products are among the goods from US companies being caught up in India's border tensions with China.

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Indian Oil Reports First Quarterly Loss In Four Years After Inventory Hit

The state-owned company reported a fourth-quarter net loss of Rs 5,185 crore, compared with a profit of Rs 6,099 crore a year ago.

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IMF Predicts India's Economy To Contract By 4.5% This Year

IMF said India is expected to bounce back in 2021 with a robust six per cent growth rate.

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Gold Futures Edge Higher As Equities Snap 4-Day Winning Run

Gold Price Today: According to Mumbai-based industry body IBJA, the closing rate of gold jewellery stood at Rs 48,575/10 grams, and silver at Rs 48,505/kilogram.

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Fair Trade Regulator Clears Facebook's 9.99% Stake Buy In Jio Platforms

Facebook's entity Jaadhu Holdings has now becomethe largest minority shareholder in the company.

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Gold Touches Nearly 8-Year High Amid Rising COVID-19 Cases

The New York Times reported the European Union was prepared to bar US travellers because of the surge of cases, putting it in the same category as Brazil and Russia.

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Migrant Workers Need Support, Jobs At Home Amid Pandemic: Labour Body

Governments should include returning workers in their social protection measures, International Labour Organization said.

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Rupee Erases Day's Gains, Closes At 75.72 Against 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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Over 1,500 Cooperative Banks To Be Brought Under RBI's Supervision

In India, there are 1,482 urban cooperative banks and 58 multi-state co-operative banks with a depositors base of about 8.60 crore

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Richest States To Have Biggest Income Losses, Delhi Worst Hit, Says SBI

Eight of the wealthiest states and union territories will post double-digit contractions in income in the fiscal year through March 2021.

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Sensex Closes 561 Points Lower As Markets Break 4-Day Winning Streak

Analysts say selling pressure was witnessed ahead of the expiry of monthly derivatives contracts due on Thursday.

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Country's GDP Contraction Likely At Record 5.3% In 2020-21: India Ratings

However, the credit ratings agency said it expects the country's economy to bounce back to growth in the range of 5-6 per cent in fiscal year 2021-22.

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After 18th Straight Hike, Diesel Becomes Costlier Than Petrol In Delhi

In a first, diesel in Delhi became costlier than petrol. State-owned oil companies on Wednesday hiked the price of diesel while keeping that of petrol unchanged. That marked the eighteenth straight...

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Bank Of Baroda Surges 9% On Swinging Back To Profit In March Quarter

Bank of Baroda's asset quality improved in March quarter as its gross non-performing assets (NPAs) as a percentage of total advances came in at 9.40%.

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Rupee Edges Higher To 75.61 Against Dollar

Forex traders said rupee was trading in a narrow range as positive domestic equities and weak US currency supported the local unit.

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Sensex, Nifty Erase Gains Weighed Down By Selling In Private Lenders

Six of 11 sector gauges compiled by the National Stock Exchange were trading ower led by the Nifty Private Bank index's nearly 1 per cent loss.

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V-Shaped Recovery For Economy If Virus Contained: Chief Economic Adviser

India's top economic adviser said a V-shaped recovery for the economy is possible this year, provided a vaccine is found to contain the Covid-19 pandemic

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India's Oil Imports In May Sink To Lowest In Over 8 Years: Report

Indian refiners in April filled tanks with cheaper oil, sold extra cargoes to the federal government for strategic reserves and declared force majeure on crude imports.

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How To Check Latest Petrol And Diesel Rates In Your City

Petrol and diesel prices were hiked by 54 paise per litre and 58 paise per litre respectively in the national capital on Tuesday.

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Sensex, Nifty Rise In Early Trade

Equities in other Asian markets crept to a four-month high as investors remained upbeat on the outlook for a re-opening of the global economy.

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Diesel Becomes Costlier Than Petrol In Delhi

Petrol, Diesel Price Today: In Delhi, the price of diesel was increased by 48 paise per litre on Wednesday while that of petrol was left unchanged.

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Adani Power To Acquire 49% Stake In Odisha Power Generation Corporation

Adani Power Limited signed a definitive agreement to acquire 49 per cent stake in Odisha Power Generation Corporation (OPGC) from affiliates of The AES Corporation.

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Sensex, Nifty Likely To Open Marginally Lower

The Asian markets shed gains in early trading activity and trends on SGX Nifty, with a 37 points loss, indicated a negative opening for the markets.

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Gold Futures Steady Above Rs 47,900 Per 10 Grams Mark

Gold Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 48,120/10 grams, and silver at Rs 48,440/kilogram.

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Gold Price Eases From One-Month Low, COVID-19 Fears Cap Losses

Gold has gained about 15 per cent so far this year, supported mainly by lower interest rates and widespread stimulus measures by global central banks.

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Rise In Currency In Circulation In India Signals Pandemic-Related Uncertainty

People are hoarding cash in accessible deposits to safeguard themselves against salary cuts or job losses

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Sensex Closes 519 Points Higher As Markets Extend Gains To Fourth Day

Buying across sectors, led by financial, consumer goods and metal stocks, supported the markets.

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Rupee Strengthens To Close At 75.64 Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 75.65-75.89 during the four-hour session, having started the day stronger at 75.85 compared to its previous close of 76.02.

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India's Crude Processing Picks Up 7.3% In May On Easing Restrictions

Indian Oil Corporation, the country's top refiner, aims to operate its plants at about 90 per cent capacity in June.

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Sensex, Nifty Gain 1% Amid Buying Across Sectors

Buying across sectors, led by financial, consumer goods and metal stocks, supported the markets.

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Rupee Gains By 37 Paise To Return To 75 Levels Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 75.65-75.89 during the four-hour session, having started the day stronger at 75.85 compared to its previous close of 76.02.

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Larsen & Toubro Unit Wins Over Rs 2,500-Crore Contracts, Shares Jump

Larsen & Toubro (L&T shares jumped as much as 4.67 per cent to Rs 949.60 apiece on the BSE after the announcement.

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Sensex, Nifty Rise Around 1%, Led By Financials, Pharma

Domestic stock markets gained strength in mid-morning trading on Tuesday, amid bouts of choppiness, a day after benchmark index Nifty 50 settled at a three-month peak.

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Unemployment Rate At Pre-Lockdown Level In Week To June 21: Think Tank

Earlier, the rate had spiked to 27.1 per cent in the week ended May 3, compared to 8.75 per cent in March.

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Sensex, Nifty Flat As Markets Erase Day's Gains

At 9:52 am, the Sensex traded 17.47 points - or 0.05 per cent - lower at 34,893.85, while the Nifty was up 8.20 points - or 0.08 per cent - at 10,319.40.

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Sensex Rises Over 150 Points As Banking, Metal Stocks Lead Gains

Asian stocks have rallied hard since hitting a low in March amid worries about the jolt to the global economy from the coronavirus-driven shutdowns.

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Reliance Industries To Conduct Virtual Annual General Meeting On July 15

Reliance Industries has fixed July 8, 2020, as the cut-off date for members eligible to vote on the resolutions set out in the notice of the AGM and to attend the AGM.

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Petrol, Diesel Rates Raised By Over Rs 9 Per Litre In 17 Days

While the price of petrol was revised to Rs 79.76 per litre in the national capital, the diesel rate was increased to Rs 79.40 per litre, according to Indian Oil.

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Sensex, Nifty Likely To Open Mildly Higher

At 7:30 am, the Nifty futures were trading at 10,330, higher by 25 points or 0.2 per cent, on the Singapore Stock Exchange.

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Gold Futures Hold Rs 47,900 Per 10 Grams Mark

Gold Silver Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 48,300/10 grams and silver at Rs 49,061/KG excluding GST.

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Gold Price Firm Near 1-Month High Amid Rising Coronavirus Cases

Gold prices have risen amid fears of coronavirus-induced economic slowdown and unprecedented stimulus measures from governments and central banks globally.

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Fitch Revises Outlook On Bharti Airtel, Adani Transmission To "Negative"

Fitch attributed both the downgrades to revision of its outlook India's sovereign rating

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Sensex, Nifty End At Over Three-Month Highs Led By Metal, Banking Shares

All sector gauges barring the Nifty IT index were ended higher led by gains in Nifty PSU Bank index's nearly 4 per cent gain.

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Rupee Rises To 76.02 As Equities Extend Gains, Dollar Weakens

Rupee Vs Dollar Rate: The rupee moved in a range of 76.11-76.26 during the four-hour session, having started the day unchanged from its previous close.

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Sensex, Nifty Surge To Over Three-Month Highs Led By Banks

All sector gauges barring the Nifty IT index were trading higher led by gains in Nifty PSU Bank index's over 4 per cent gain.

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Fitch Revises Outlook On SBI, ICICI Bank, Other Lenders To "Negative"

Fitch, however, affirmed the banks' issuer default ratings, support ratings and support rating floors.

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Glenmark Shares Surge Over 35% On Regulatory Approval For COVID-19 Drug

Favipiravir being manufactured by Glenmark will be marketed by the name of Fabiflu and will be available in strength of 200 milligrams.

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Reliance Industries Hits Record High, Market Value At Rs 11.44 Lakh Crore

Reliance Industries shares clocked a new record high on Monday.

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Cipla Gets Regulatory Nod To Make COVID-19 Drug, Shares Hit Record High

Cipla shares surged over 9% after it got an approval from DCGI to manufacture and market generic COVID-19 drug Remdesivir.

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Sensex, Nifty Gain 1% As Financial, Pharma Stocks Push Markets Higher

Reliance Industries, ICICI Bank and HDFC together contributed more than 200 points to the gain in Sensex.

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Sensex, Nifty Likely To Open Lower Today

At 8:14 am, the SGX Nifty futures were down 48.45 points - or 0.47 per cent - at 10,198.20.

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Mukesh Ambani Among World's 10 Richest After Flurry Of Investments In Jio

Bernstein predicted that Jio is likely to capture 48 per cent of India's mobile subscriber market share by 2025.

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Petrol, Diesel Rates Raised By Rs 9 Per Litre In 16 Days

While the price of petrol was revised to Rs 79.56 per litre in the national capital from Rs 79.23 per litre the previous day, the diesel rate was increased to Rs 78.85 per litre from Rs 78.27per...

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Hyderabad-Based Hetero Gets Regulatory Nod To Make Gilead's COVID-19 Drug

Hetero said its generic version of US-based Gilead Science's Remdesivir will be marketed under brand name Covifor in India.

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Centre Gives Rs 65,454-Crore Aid To 42 Crore Under Garib Kalyan Scheme

The government said over 42 crore people have so far received financial assistance of Rs 65,454 crore under the Garib Kalyan Package.

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Fortis Case: Malvinder Singh's Representation On Bail Criteria Rejected

The High Powered Committee said that Malvinder Mohan Singh was at liberty to file a bail application before courts concerned, which shall consider the same on merits in accordance with the law.

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Airbus Extends Furloughs For 5,300 Employees To Tackle COVID-19 Fallout

In the United Kingdom, the period of furlough for about 2,200 Airbus workers will start on July 20 and end on Aug. 9, the statement said.

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Latest On Worldwide Spread Of Coronavirus Pandemic

The European Central Bank's chief said the European Union's economy is in a "dramatic fall" due to the coronavirus crisis but EU leaders made little progress towards agreeing a massive stimulus plan.

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Diesel Price Hits Record High As Fuel Rates Raised For 15 Days In A Row

Petrol and diesel prices were increased on Sunday, the fifteenth straight hike since state-owned oil companies returned to the normal practice of daily reviews following a 12-week pause. The rate of...

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Google Pay Not A Payment System Operator: RBI To High Court

RBI has told the Delhi High Court that Google Pay is a third party app provider (TPAP) and does not operate any payment systems.

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Foreign Investment Restrictions Proposed In Pension Funds Amid China Standoff

The changes have been proposed in accordance with Department for Promotion of Industry and Internal Trade (DPIIT) guidelines issued in April.

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May Crude Oil Imports Post Biggest Decline Since 2005 Amid COVID-19

Crude oil imports fell to 14.61 million tonnes, its lowest since 2015, Petroleum Planning and Analysis Cell data showed on Friday.

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Amazon Signals Entry Into Alcohol Delivery In West Bengal: Report

Amazon's interest in delivering alcohol in West Bengal marks a bold move to make inroads into a market that is worth $27.2 billion.

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Petrol, Diesel Prices Increased For Fourteenth Day In A Row

The price of petrol was increased by 51 paise per litre in Delhi, and diesel by 61 paise per litre, compared to the previous day.

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India's Pursuit Of Global Investors Hits Turbulence

Policymakers have been talking about opening up the country's financial sector and internationalising the use of the rupee for more than a decade, with little progress.

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Glenmark Gets Approval For Favipiravir As COVID-19 Treatment

Favipiravir is made under the brand name Avigan by Japan's Fujifilm Holdings Corp and was approved for use as an anti-flu drug there in 2014.

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Foreign Exchange Reserves Up By $6 Billion To Hit Record $507.64 Billion

In the reporting week, the foreign currency assets, a major component of the overall reserves, rose by $5.106 billion to $468.737 billion.

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RBI Raises PMC Bank Withdrawal Limit To Rs 1 Lakh Amid COVID-19 Pandemic

RBI noted that with the relaxation in withdrawal limit, 84% of the depositors of the bank will be able to withdraw their entire account balance.

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Sensex, Nifty Register 3% Weekly Gain

Analysts said access to greater liquidity globally has propelled buying from foreign institutional investors in Indian markets.

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Mukesh Ambani Wins Half of 2020 Deals in Global Telecom

The deals have helped Mukesh Ambani, Asia's richest man, make his flagship Reliance Industries Ltd. net debt free ahead of his March 2021 deadline.

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Rupee Declines By 35 Paise Against Dollar For Week

At the current level, the rupee is down 6.77 per cent against the dollar so far this year.

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Nifty Reclaims 10,200 As Reliance Industries Soars To Record High

Reliance Industries was the top contributor to the gain in Sensex, as the conglomerate's market market value crossed the Rs 11 lakh crore mark for the first time ever.

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RIL Market Value Tops Over Rs 11 lakh Crore On Becoming Debt Free

Shares of Reliance Industries surged as much as 8 per cent to hit fresh record high of Rs 1,788.60 on the BSE after the company became net debt free.

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India's Electricity Output Falls Steeply In First Half Of June: Report

Electricity use by industrial states of Maharashtra and Gujarat - the top electricity consuming states in the country - fell over 24 per cent each.

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Indian House Prices To Fall For First Time In At Least A Decade: Poll

The country's property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 3,50,000 in the world's second most populous country.

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Here Is How Reliance Industries Raised Rs 1.68 Lakh Crore In 58 days

Reliance Industries is now "in its golden decade", said billionaire Mukesh Ambani as his group became net debt-free, much ahead of its original goal.

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Sensex Rises Over 300 Points; Reliance Industries Hits New Record High

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Realty index's over 4 per cent gain.

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ICICI Bank Trims Stake In ICICI Lombard General Insurance To 52%

The share sale is for an approximate total consideration of Rs 2,250 crore.

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Mukesh Ambani Hits Zero Net-Debt With $15 Billion Jio Flows

Reliance Industries said the Saudi inflow marks the end of Jio's current phase of roping in equity partners.

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Reliance Industries Shares Hit Record High As Group Becomes Net Debt-Free

At 10:08 am, Reliance Industries shares traded up 1.55 per cent at Rs 1,681.85 on the BSE, outperforming the S&P BSE Sensex benchmark index which was up0.38 per cent.

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Mukesh Ambani Says RIL Net Debt-Free, "Fulfilled Promise Before Schedule"

Reliance Industries is now "in its golden decade", said billionaire Mukesh Ambani as his group became net debt-free, much ahead of its original goal of achieving the status by the end of March 2021....

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Sensex Opens Over 100 Points Higher, Nifty Above 10,100

On the whole, global markets have been sideswiped this week on fresh contagion concerns, prompting some investors to temper their optimism about how quickly the global economy can recover for the...

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Sensex, Nifty Likely To Open Lower Today

At 8:34 am, the SGX Nifty futures were down 36.40 points - or 0.36 per cent - at 10,038.30.

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In 13 Days, Petrol, Diesel Rates Hiked By More Than Rs 7 Per Litre

Petrol, Diesel Price Today: In Delhi, the price of petrol was increased by 56 paise per litre and diesel by 63 paise per litre with effect from 6 am.

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Government Plans Extra Tariffs, Trade Barriers On 300 Imported Products: Report

The decision will reportedly target imports worth $8-10 billion with the aim of deterring non-essential lower quality imports

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Centre Asks BSNL, MTNL Not To Use Chinese Equipment For Upgrade: Report

The effective ban on the use of Chinese network gear could extend to private telcos like Bharti Airtel and Vodafone Idea

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Plenty Of Liquidity Available In System, Says SBI Chairman

Mr Kumar also said that SBI is not charging higher interest rates for ratings downgrade

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JPMorgan Gets China's Nod For First Fully Foreign-Owned Futures Business

The latest regulatory approval for a US financial services company coincides with tension between Beijing and Washington

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Reliance Industries Shares Hits Record High On Another Investment In Jio

RIL's shares hit the record high of Rs1,665 towards the end of Thursday's trading hours

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Jio Has Raised Rs 1.16 Lakh Crore Within 9 Weeks Through These 11 Deals

Reliance Jio Deals: The deals will help billionaire Mukesh Ambani-led Reliance Industries eliminate its net debt by the end of current financial year.

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Jio Raises Rs 11,367 Crore From Saudi Arabia's Public Investment Fund

This is the eleventh investment in Jio Platforms within nine weeks and Jio Platforms has raised Rs 1,15,693.95 crore.

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Government Has Mapped Migrant Workers' Skills: Nirmala Sitharaman

The Rs 50,000-crore Garib Kalyan Rojgar Abhiyaan programme includes the creation of infrastructure to support job creation in rural India.

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Coal India Shares Soar 7% As PM Modi Opens Coal Mining To Private Sector

Shares of Coal India ended the day at Rs 137.55, edging up 6.22 per cent from the previous closing mark

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"Why Can't India Be Largest Coal Exporter," Says PM Modi At Launch Of Auction For Commercial Mining

PM Modi highlighted that despite India being the second-largest producer of coal, it still does not export it

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Sensex, Nifty Close 2% Higher Led By Surge In Financial Stocks

All the 11 sector gauges compiled by the National Stock Exchange ended higher led by Nifty Bank index'sover 3 per cent surge.

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Sensex Surges Over 650 Points Led By Gains In Banking Shares

All the 11 sector gauges compiled by the National Stock Exchange were trading higher led by Nifty Bank index's 3.11 per cent surge.

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Sensex Rises Over 350 Points, Nifty Near 10,000; Metal Stocks Outperform

Nine of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty Metal index's 2.5 per cent gain.

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Pandemic To Wipe Out Growth In Many Parts Of Asia-Pacific In 2020: Report

Developing Asia, a group of 45 countries in the Asia-Pacific region, is expected to post growth of just 0.1 per cent in 2020, ADB said in a report

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Government Withdraws Telecom Dues Demand From State-Run Companies

Dispute centers around the definition of adjusted gross revenue. Telecom companies pay a percentage of their revenues as license fee to government.

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Big Step Taken Today To Make India Self-Reliant In Energy: PM Modi

Mining is the key source of input for many basic industries like power, steel and aluminium, the Prime Minister said.

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Sensex, Nifty Choppy; Reliance Industries, ITC Gain, HUL, TCS Fall

Investors and traders were on sidelines over escalating border tensions between India and China and a spike in coronavirus cases.

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Fitch Lowers Outlook On India To "Negative"

The coronavirus pandemic has significantly weakened India's growth outlook for this year and exposed the challenges associated with a high public-debt burden, Fitch said.

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Sensex Falls Over 100 Points Amid Choppy Trade, Nifty Near 9,850

Equities in other Asian markets moved lower with MSCI's broadest index of Asia Pacific shares outside Japan last seen trading 0.10 per cent lower.

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Sensex, Nifty Likely To Open Lower Today

At 8:39 am, the SGX Nifty futures were down 59.85 points - or 0.61 per cent - at 9,790.30.

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India-China Clash Risks Disruption For Firms On Both Sides: Report

India and China, which together account for a population exceeding 2.7 billion, are key markets for each other's firms.

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Petrol Price Hiked By Rs 6.55/Litre In 12 Days, Diesel By Rs 7.13/Litre

Petrol, Diesel Price Today: In Delhi, the price of petrol was increased by 53 paise per litre and diesel by 64 paise per litre with effect from 6 am.

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HSBC Revives 35,000 Job Cut Plan After Pandemic Pause

In March, HSBC had postponed the job cuts, part of a wider restructuring to cut $4.5 billion in costs

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Latest On The Spread Of The Coronavirus Around The World

A cheap and widely used steroid called dexamethasone has become the first drug shown to be able to save the lives of COVID-19 patients

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AT&T Plans To Cut Thousands Of Jobs, Close Stores

Executives, managers and union-represented employees will be affected along with non-payroll workers outside of the United States, AT&T said.

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US Stocks Rise In Early Trade On Hopes Of Swift Economic Recovery

Wall Street LIVE Updates: The technology stocks-heavy Nasdaq Composite gained 47.45 points, or 0.48 per cent, to 9,943.31 at the opening bell.

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Sensex, Nifty End Volatile Session Lower

Bharti Infratel was top Nifty loser, the stock fell 4.5 per cent to close at Rs 206.

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Sensex, Nifty End Volatile Session Lower

The broader NSE Nifty 50 benchmark strengthened to briefly trade above the 10,000 mark, backed by strong buying interest in banking stocks.

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Gold Futures Fall 1%, But Still Above Rs 47,000/10 Grams Mark

Gold, Silver Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 47,596/10 grams, and silver at Rs 48,146/kilogram.

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Gold Rates Steady As Firm Dollar Offsets Rise In COVID-19 Cases

Beijing officials reported several new COVID-19 cases for the sixth consecutive day, while new infections hit record highs in six US states on Tuesday.

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Defence Canteen Orders For Pernod, Diageo Dry Up: Report

The move is seen as part of Prime Minister Narendra Modi's "vocal for local" campaign in which he has called for promotion of indigenous products.

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Rupee Ends Marginally Higher At 76.16 Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 76.11-76.26 during the four-hour session, having started the day unchanged from its previous close of 76.21 against the greenback.

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Sensex Jumps 600 Points From Day's Low As Banking Stocks Lead Recovery

Buying emerged in banking and financial services stocks, which traded listless with a negative bias in morning.

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COVID-19: China-Led Development Bank Okays $750 Million Loan To India

AIIB's total sovereign loans to India that have already been approved amount to $3.06 billion

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Asian Business Sentiment Plunges To Record Low On Virus Effect: Survey

About 16 per cent of the 93 companies surveyed also said a deepening recession was a key risk for the next six months

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Supreme Court Pulls Up Centre Over Interest Waiver On Deferred Loan EMIs

The Supreme Court asked the government to clarify if banks can charge interest on delayed loan repayments on account of the coronavirus-induced lockdown.

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Banking Shares Flat Ahead Of Top Court Hearing On Interest Waiver

The 12-scrip Nifty Bank index - which gauges stocks of 12 major lenders in the country - was flat with a negative bias in late morning deals.

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Rupee Near 6-Week Low But Moves Marginally Higher Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 76.14-76.26 during the session, having started the day unchanged from its previous close of 76.21.

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Sensex, Nifty Turn Flat Amid Volatile Trade; IT Stocks Jump

At 9:48 am, the Sensex traded 12.33 points - or 0.04 per cent - lower at 33,592.89, while the Nifty was up 6.80 points - or 0.07 per cent - at 9,920.80.

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Sensex Falls Over 250 Points, Nifty Slides Below 9,850; Banks Lead Losses

Asian equity markets took a breather as a resurgence of coronavirus cases challenged market confidence in a rapid economic recovery.

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Sensex, Nifty Likely To Open Lower Today

At 8:38 am, the SGX Nifty futures traded 44.05 points - or 0.45 per cent - lower at 9,841.00.

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Petrol Price Hiked By Rs 6.02/Litre In 11 Days, Diesel By Rs 6.49/Litre

Petrol, Diesel Price Today: With effect from 6 am in Delhi, the price of petrol was increased by 55 paise per litre, and diesel by 69 paise per litre.

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Final COVID-19 Stimulus Package Likely In September-October: RBI Director

RBI Director S Gurumurthy said the central bank has not yet taken any view on monetising deficit

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Samsung To Get Incentives For Setting Up Plant In Uttar Pradesh: Report

The South Korean company looks to invest nearly Rs 5,367 crore in a smartphone display manufacturing plant

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Government Asks Oil And Gas Producers To Use More Local Steel In Infrastructure

India, the world's third-biggest oil importer and consumer, plans to invest about $160 billion by 2025-26 in expanding refining capacity.

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Gold Futures Climb To Rs 47,500 Per 10 Grams Mark On Global Cues

Gold Silver Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 47,314/10 grams and silver at Rs 47,545/KG excluding GST.

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Gold Price Rises On US Central Bank Stimulus Measures

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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There Is Need For Liquidity In Market, Says Nitin Gadkari

The Union Minister said without liquidity, the wheel of economy cannot be accelerated

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Sensex, Nifty Close 1% Higher; Financial, Metal Stocks Lead Gains

Seven of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty Financial Service index's nearly 3 per cent gain.

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Sensex Off Day's High As Border Tensions Escalate Between India And China

An Indian army officer and two soldiers were killed in a "violent face-off" on Monday night with Chinese soldiers at Galwan Valley in Ladakh.

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Rupee Erases Day's Gains To End Lower At 76.21 Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 75.84-75.91, having started the session mildly stronger at 75.89 compared to its previous close of 76.03.

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Advance Tax Collection Falls 31% In June Quarter Amid COVID-19 Pandemic

Gross direct tax collection fell 31 per cent to Rs 1,37,825 crore in first quarter of FY21, down from Rs 1,99,755 crore previous year

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Jet Fuel Price Increased Over 16% In Second Hike Within A Fortnight

ATF prices were increased by Rs 5,494.5 per kilolitre (kl), or 16.3 per cent in Delhi, to Rs 39,069.87 per kl

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India Ninth Largest Recipient Of FDI In 2019: United Nations Trade Body

In 2019, FDI flows to the region declined 5 per cent to $474 billion, despite gains in South- East Asia, China and India.

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Tata Motors To Shed 1,100 Jobs At Jaguar Land Rover

Tata Motors raised the cost-cutting target at its luxury unit by 1 billion pounds ($1.26 billion) to ride out the disruptions caused by the coronavirus outbreak.

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Sensex Rises Over 600 Points; Metal, Financial, FMCG stocks Lead Gains

Domestic stock markets maintained their strong momentum in mid-morning trading as the formal start of the US central bank's corporate bond purchase programme gave a boost to equities worldwide.

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Rupee Gains By 19 Paise To Return To 75 Levels Against Dollar

Rupee Vs Dollar Rate: The rupee moved in a range of 75.84-75.91, having started the session mildly stronger at 75.89 compared to its previous close of 76.03.

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Tata Motors Sheds Over 3% On Loss In March Quarter

The automobile major posted a consolidated net loss of Rs 9,894 crore for the fourth quarter ended March 2020 due to weak demand and coronavirus-induced lockdown.

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Jet Fuel Price Increased Over 16%, Second Hike This Month

ATF rates were increased across the country. The rates vary from state to state depending on local sales tax.

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Sensex, Nifty Rise Over 2% Tracking Positive Global Cues

The Federal Reserve's corporate bond buying plan to shield the world's largest economy from the fallout from the coronavirus pandemic boosted global investor sentiment.

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Petrol, Diesel Become More Expensive For Tenth Day In A Row

Petrol, Diesel Price Today: Indian Oil, Bharat Petroleum and Hindustan Petroleum ownthe majority of retail outlets of petrol and diesel in the country.

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Sensex, Nifty Likely To Open Sharply Higher Today

Domestic stock markets are likely to start Tuesday's session on a positive note amid a rebound in global equities after the Federal Reserve's fresh move to support financial markets.

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What Economists Say On Rare Deflation, Easing Food Prices

Some economists say an expected pickup in inflation may not be so steep.

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Foreigners Sell Indian Bonds In May, Purchase In Other Asian Markets

Last month, foreigners sold a net $3.04 billion worth of Indian bonds

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RBI Needs To Choose Between Forex, Bond Interventions In Second Half: Economists

Some of the recent surge has been driven by the RBI's moves to mop up dollar inflows from Reliance Industries' recent stake sales in its digital unit.

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Tata Motors Reports Rs 9,894 Crore Net Loss In March Quarter

In the corresponding quarter last year, Tata Motors had reported a profit of Rs 1,117 crore

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Approached By Clix Capital For "Significant Stake": Lakshmi Vilas Bank

The bank has faced governance issues as well as a high level of bad loans, lack of sufficient capital and a negative return on assets

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Reliance Industries Stock Hits Record High, Rights Shares Surge 8%

In Monday's afternoon trade, RIL's shares traded at a record high of Rs 1,626.70 apiece on BSE

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Sensex Closes 552 Points Lower; Financial Stocks Lead Losses

As of Monday, COVID-19 cases in the country had surged well past 3,32,400, with more than 9,500 deaths. India is the fourth-worst affected country in the world.

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Gold Futures Fall Over 1%, Below Rs 46,800 Per 10 Grams Mark

Gold Price Today: At 3:14 pm, the gold futures contract (delivery on August 5) traded down 1.02 per cent - or Rs 483 per 10 grams - at Rs 46,851 per 10 grams.

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Gold Rate Eases Amid Fears Of Second Wave Of Coronavirus Infections

Gold prices jumped 2.6 per cent last week, marking their best week since April 10, as worries of a new wave of COVID-19 cases clouded hopes of economic recovery.

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Rupee Ends Weaker At 76.03 Against Dollar Amid COVID-19 Fears

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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Sensex, Nifty Struggle As Banking, Financial Services Shares Drag

Weakness in global markets also dampened investor sentiment. The Sensex fell as much as 857 points and Nifty touched an intraday low of 9,726.35.

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Crude Oil Slumps Further Amid Prospect Of Resurgence Of Coronavirus

New infections in China, Japan and the United States have increased concerns of a resurgence of the virus

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Aarti Industries Falls On Early Termination Of Contract From A Customer

Aarti Industries had in June 2017 entered into a 10-year contract with a global agrochemical major to supply a high-value agrochemical intermediary.

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Sweden's Sinch To Buy Indian Company ACL Mobile For $70 Million

The acquisition of ACL is Sinch's third large acquisition over the past few months

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Wholesale Deflation At 3.21% In May

The data comes days after the government put off the release of headline consumer price inflation numbers for April and May due to inadequate data collection.

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Rupee Drops To 76 Levels 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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Sensex, Nifty Drop 2% As Financial Stocks Weigh On Markets

The government put off the release of headline consumer price inflation numbers for April and May due to inadequate data collection.

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Sensex Drops Over 600 Points, Nifty Below 9,800; Banking Shares Worst Hit

The Sensex and Nifty extended losses led by declines in banking, financial services, metal and private banking shares.

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SBI Moves To Recover Rs 1,200 Crore From Anil Ambani In Guarantees

Mukesh has bailed his brother out in the past, making a last-minute payment in a case that could have seen Anil imprisoned.

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Sensex, Nifty Drop 1% Tracking Global Markets; Banking Stocks Worst Hit

The government put off the release of headline consumer price inflation numbers for April and May due to inadequate data collection.

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Sensex, Nifty Likely To Open Lower Today Tracking Global Markets

At 8:04 am, the SGX Nifty futures traded 79.50 points - or 0.80 per cent - lower at 9,862.50.

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Petrol, Diesel Prices Increased For Ninth Day In A Row

Petrol, Diesel Rates: Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation ownabout 90% of retail fuel outlets in the country.

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TPG, L Catterton To Invest Rs 6,440 Crore In Jio Platforms

The Jio Platforms deals, along with a $7 billion share sale, will help Reliance Industries meet its target of paying off $21.4 billion of net debt by the end of the year, according to the company.

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Petrol, Diesel Prices Hiked For Eighth Day In A Row

Petrol, Diesel Rates: Prices of petrol was increased by 62 paise per litre and diesel by 64 paise per litre in Delhi

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10 Deals That Helped Jio Raise Rs 1.04 Lakh Crore Within 8 Weeks

Reliance Jio Deals: The deals will help Reliance Industries eliminate its net debt by the end of the current financial year.

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US-Based L Catterton To Buy Rs 1,895-Crore Stake In Jio Platforms

The announcement came hours after the conglomerate said US-based TPG will take a 0.93 per cent stake in Jio Platforms for Rs 4,546.80 crore.

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Global alternative asset firm TPG to buy 0.9% stake in Jio Platforms for Rs 4,547 crore: Reliance Industries

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Zydus Cadila To Make Gilead's Potential COVID-19 Drug Remdesivir

Remdesivir, intravenously administered in hospitals, has already been approved for emergency use in severely-ill patients in the United States, India and South Korea.

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Global Coffee Stocks To Reach 6-Year Peak As Production Grows

The USDA said it has considered the impacts of the new coronavirus pandemic when projecting the numbers.

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Government Restricts Tyre Imports

In April, the country's trade deficit - which occurs when imports exceed exports - narrowed to $6.76 billion from $15.33 billion in the corresponding period a year ago.

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Petrol, Diesel Prices Hiked For Seventh Day In A Row

Petrol, Diesel Rates: Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation ownabout 90% of retail fuel outlets in the country.

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Pent-up Demand For Home Appliances, IT Products Driving Sales In Unlock-1

There has been an increasing demand for household comfort products, while average ticket size in sales is also moving up.

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India's Forex Reserves Cross Half Trillion Mark First Time

Forex reserves surged by massive $8.22 billion in the week ended June 5

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Government Suspends Release Of Retail Inflation Data For Lockdown Period

Limited data released by the ministry showed that annual retail food inflation eased to 9.28 per cent in May

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Slow Start For Government's Plan To Resuscitate Small Businesses

Lenders have paid out just Rs 12,200 crore, barely 4 per centof the sum earmarked, since the third week of May

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Mahindra & Mahindra Seeks To Give Up Control Of Struggling Unit SsangYong

Mahindra, which owns a 75 per cent stake in SsangYong, rescued the sport-utility vehicle (SUV) maker from near-insolvency in 2010.

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Consumer Food Inflation At 9.28% In May

The provisional reading of consumer inflation - or the rate of increase in consumer prices determined by the Consumer Price Index (CPI) - was not released for the month of May.

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"Parathas Not Same As Rotis:" Ruling Backs 18% GST On Parathas

A Bengaluru-based ready-to-cook food maker contends that its products should be treated in the same way as khakhra, plain chapati or roti under the law.

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Sensex Swings In Range Of Over 1,500 Points To End Higher Led By RIL

Recovery in today's session was led by buying interest in Reliance Industries, HDFC Bank, Mahindra & Mahindra, Bajaj Finance and Bharti Airtel.

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Billionaire Uday Kotak Could Be Hit By Plan To Cap CEO Tenures

RBI has proposed a 10-year limit on bank founders remaining in the roles of CEO or full-time director

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SBI Relaunches Facility To Open Account Online. Here's How To Do It

Customers will have the flexibility to upgrade to full KYC by visiting an SBI branch within one years time

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Sensex Recovers Over 1,100 Points from Day's Low, Nifty Reclaims 9,900

IT shares came under selling pressure after a report suggested that US President Donald Trump is considering suspending a number of employment visas including the H-1B.

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Netflix In Talks To Source Indian Content From Viacom18: Report

Under the partnership, the Reliance affiliate would create shows for Netflix to help the US firm expand offerings in India

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Top Court Asks RBI, Centre To Discuss Interest On Deferred Loan EMIs

Top court said the question is not of waiver of complete interest for entire moratorium period but it is limited only to interest charged on interest.

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Finance Minister Nirmala Sitharaman To Address Media Shortly

GST Council Meeting: This is the first meeting of the GST Council since the government imposed a nationwide lockdown to curb the spread of the coronavirus pandemic.

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HDFC Cuts Lending Rates By 0.2%, Home Loans Cheaper From Today

The new rates will now range between 7.65-7.95 per cent

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Sensex, Nifty Down 1% As Rising COVID-19 Cases Spook Global Markets

Domestic stock markets registered sharp losses in early trade on Friday amid rising cases of the COVID-19 disease, as global equities tumbled over growing concerns that a resurgence of infections...

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SBI Life To Divest 2.1% Promoter Stakes To Comply With Shareholding Norms

The sale will take place during trading hours on 12 June and that the floor rice for each equity share would be Rs 725 apiece

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Rupee Slides Below 76 Mark Against Dollar Amid COVID-19 Fears

The rupee moved in a range of 75.95-76.10 in the first half of the four-hour session, soon returning to 75 levels against the greenback after starting the day at the weakest level of the day.

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Mark Zuckerberg's Former Aide Chris Cox Returns To Facebook

Cox dropped out of a graduate program at Stanford University to join Facebook in 2005

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Credit Market's Big Worry After Bankruptcy Law Paused Over Virus Crisis

Credit investors are concerned that some weaker borrowers may use the temporary suspension of insolvency laws to delay payment

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Sensex, Nifty Open Sharply Lower

Equities in other Asian markets followed Wall Street, which saw its worst day since mid-March.

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Petrol, Diesel Prices Hiked For Sixth Straight Day

Petrol, Diesel Rates: Fuel retailing in the country is dominated by state refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

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Sensex, Nifty Likely To Open Sharply Lower Today

Equities in other Asian markets followed Wall Street, which saw its worst day since mid-March.

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Lenders Pose COVID-19 Related Query For Clearing Personal, Housing Loans

The loan applications include queries about the layoffs, pay cuts and losses in business due to coronavirus related lockdown

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Pakistan's Economy Contracts For First Time In 68 Years Due To COVID-19

Advisor on Finance Abdul Hafeez Sheikh, releasing the Pakistan Economic Survey 2019-20 said the economy suffered massively due to the coronavirus.

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Banking To Be Part Of Strategic Sector For Privatisation: K Subramanian

Last month, finance minister had said that there will be a maximum of four public sector companies in strategic sectors under a new policy

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Rupee Closes At 75.78 As Dollar Off 3-Month Low

The rupee moved in a range of 75.73-75.88 during the four-hour session, having started the day weaker at 75.80 compared to its previous close of 75.59.

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RBI Governor Meets Top Bosses Of Ratings Agencies Amid Their Warnings

Ratings agencies Moody's and S&P have recently issued fresh sovereign ratings for India

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Sensex Ends Over 700 Points Lower Amid Weak Global Cues On Downbeat Fed

Equity markets across the globe slumped after the US Federal Reserve indicated that the US economy will shrink 6.5 per cent in 2020.

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Xiaomi, Oppo Turn To Imports For Indian Market As Plants Struggle: Report

Smartphone plants in India are still grappling with labour shortages making it difficult to meet demand

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Top Court Slams Telecom Department Over Public Sector Companies' Dues

The Supreme Court asked the government how it used its judgement on the AGR matter to devise the formula to raise demand from the public sector companies when the judgement did not deal with the...

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Sensex Falls Over 450 Points, Nifty Breaks Below 10,000 As Banks Drag

All the 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Bankex index's over 1.5 per cent fall.

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Gold Gains On Bets For Economic Support From US Central Bank

Large stimulus measures tend to support gold, which is often considered a hedge against inflation and currency debasement.

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Even With $500 Billion Forex Warchest, RBI Won't Let Rupee Climb

The Reserve Bank of India doesn't seem to be in a mood to give the currency a free run even as most of its regional peers have rebounded from the virus-induced selloff.

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Gold Futures Soar Over 1% To Touch Rs 47,200 Per 10 Grams Mark

Gold Rate Today: At 11:26 am, the gold futures contract - for delivery on August 5 - traded up 1.04 per cent (or Rs 484 per 10 grams) at Rs 47,110 per 10 grams.

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Gold Eases On Profit-Taking After Best Day In Over A Month

The US central bank repeated its promise of continued extraordinary support, and also flagged the need to keep the key interest rate near zero through at least 2022.

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Rupee Drops To 75.82 As Dollar Off 3-Month Low

The rupee moved in a range of 75.73-75.82 during the four-hour session, having started the day weaker at 75.80 compared to its previous close of 75.59.

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Sensex Hovers At 34,000, Down 250 Points As Financial Stocks Weak

Official data on consumer inflation will be released at 5:30 pm on Friday

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Sensex Drops Over 200 Points; Financial, Pharma Stocks Worst Hit

Analysts awaited macroeconomic data due this week for more clarity on monetary policy going forward.

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Petrol, Diesel Prices Hiked For Fifth Day In A Row

Petrol, Diesel Rates: Fuel retailing in the country is dominated by state refiners - Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation.

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Indian Economy To See Growth Of 9.5% In Next Fiscal, Says Fitch Ratings

The Indian economy is likely to bounce back with a sharp growth rate of 9.5 per cent next year if it manages to avoid further deterioration in the financial sector, Fitch Ratings said.

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Sensex, Nifty Likely To Open Lower

The Indian markets are likely to open in the negative, in line with Asian counterparts, after a gloomy economic projections from the US Federal Reserve dragged the Wall Street lower by around a per...

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S&P Retains India's Sovereign Rating With Stable Outlook

S&P said that it could raise the ratings on India if the government significantly curtails its fiscal deficits.

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Indians Pawn Gold For Loans As Borrowing From Banks Becomes Tougher

Gold-backed loans are becoming more popular with banks, which tend to consider them safer than other unsecured borrowing

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Consumer Inflation Likely To Hit 6-Month Low In May: Poll

Some economists expect price pressures for food to be moderate over the coming months based on expectations for the monsoon to be timely and normal.

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Sensex, Nifty Rebound After A Day's Breather Led By Reliance Industries

Seven of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's 3.5 per cent gain.

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Singapore Replaces US As India's Top market For Engineering Exports

India's engineering exports to Singapore have risen 95 per cent in the last one year

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Parle-G Saw Record Sales During Coronavirus Lockdown

Biscuit maker Parle Products recorded a surge, the best in eight decades, in the sale of Parle-G biscuits as people worked from home and stocked up on biscuits.

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Restructure Amrapali Homebuyers' Loans, Release Dues: Top Court To Banks

Supreme Court directed banks to restructure loans given to Amrapali home buyers which were declared as non-performing assets

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Adani Green To Invest Rs 45,000 Crore To Build World's Largest Solar Project

The project takes Adani Green closer to its goal of becoming the world's largest renewable power company by the year 2,025.

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Sensex, Nifty Remain Firm As Financial Stocks Lead Gains

At 11:24 am, the Sensex traded 147.95 points - or 0.45 per cent - higher at 34,109.64,while the Nifty was up 39.50 points - or 0.40per cent - at 10,099.15.

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These BSE Derivatives Contracts To Have A Monday Expiry, Not Thursday

BSE will introduce a liquidity enhancement scheme in the equity derivatives segment for the S&P BSE Sensex 50 index with effect from July 1.

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Sensex Rises Over 200 Points; Financial, Pharma Stocks Lead Gains

HDFC, Reliance Industries and HDFC Bank were the biggest contributors to the gain in Sensex.

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Petrol, Diesel Prices Hiked For Fourth Day In A Row

Petrol and diesel prices were hiked for a third straight day in metros on Wednesday, as state-owned oil marketing companies reverted to the normal practice of daily price revisions after a gap of 83...

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Petrol, Diesel Prices Hiked For Fourth Straight Day

Petrol and diesel prices were hiked for a fourth straight day in metros on Wednesday, as state-owned oil marketing companies reverted to the normal practice of daily price revisions after a gap of 83...

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Airlines Expected To Lose $84.3 Billion On COVID-19: Industry Body

Airlines across the globe are expected to lose $84.3 billion in 2020, the worst year in the history of aviation, due to the coronavirus pandemic, according to Canada-based industry body IATA or...

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Sensex, Nifty Likely To Open Higher Today

At 8:16 am, the SGX Nifty futures were up 79.00 points at 10,087.00.

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Hong Kong Based-Airline Cathay Pacific unveils US$5 billion bailout plan

This is the first time Hong Kong's government has directly injected money into a private company

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Oyo Appoints Steve Albrecht As Non-Executive Director On The Board

Mr Albrecht will play a supervisory role and guide the founder and the management on key business decisions

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Gold Futures Turn Positive To Cross Rs 46,450 As Equities Tumble

Gold, Silver Price Today: At 4:11 pm, the gold futures contract was up 0.77 per cent at Rs 46,458 per 10 grams compared to its previous close of Rs 46,101 per 10 grams.

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Sensex Ends Over 400 Points Lower As Markets Snap 2-Day Winning Streak

Benchmarks nosedived in the last hour of trade amid intense selling pressure in banking and financial services shares.

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Gold Moves Higher As Investors Bet On Dovish Signals From US Central Bank

Holdings in the world's largest gold-backed exchange-traded fund, SPDR Gold Trust, dipped 0.4 per cent on Friday.

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Sensex Drops Over 900 Points From Day's High, Nifty Below 10,050

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in the last our of trade as banking and financial services shares came under intense selling pressure.

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Rupee Ends Marginally Lower At 75.61 Against Dollar

Rupee Vs Dollar Rate: Analysts say the rupee is expected to continue to move in a narrow range in the near term.

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Sensex, Nifty Turn Flat; FMCG, Pharma Shares Outperform

Eight of 11 sector gauges compiled by the National Stock Exchange were trading lower led by the Nifty Media index's 1.8 per cent fall.

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Gold Futures Slide Below Rs 46,000 Per 10 Grams Mark As Equities Rise

Gold Price Today: At 11:50 am, the gold futures contract - for delivery on August 5 - was down 0.20 per cent (Rs 93 per 10 grams) at Rs 46,008 per 10 grams.

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"Be Impatient, Be Hopeful": Sundar Pichai's Message For Graduates Of 2020

Google's video platform YouTube organised a virtual event to give a farewell for the graduate class of 2020

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Rupee Strengthens To Touch 75.43 Mark Against Dollar

Rupee Vs Dollar Rate: Analysts say the rupee is expected to continue to move in a narrow range in the near term.

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Sensex Rises Around 250 Points, Nifty Hovers At 10,250

Domestic stock markets strengthened by 1 per cent in mid-morning trading, after a tentative start, led by buying in pharma and FMCG stocks.

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How To Check Latest Petrol And Diesel Rates In Your City

Petrol and diesel prices were hiked by 54 paise per litre and 58 paise per litre respectively in the national capital on Tuesday.

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Petrol, Diesel Prices Hiked For Third Straight Day

Delhi Petrol, Diesel Price: The price of petrol was raised to Rs 73 per litre, and that of diesel to Rs 71.17 per litre in the national capital.

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Sensex, Nifty Edge Higher Amid Choppy Trade

Equities elsewhere in Asia extended a rally to the ninth day in a row, as the lifting of coronavirus lockdowns in many countries fed investor hopes of a relatively quick global economic recovery.

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Sensex, Nifty Likely To Open Higher Today

At 8:48 am, the SGX Nifty futures were up 57.70 points - or 0.57 per cent - at 10,222.80.

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Centre's SMS-Based Nil GST Return Facility To Benefit 22 Lakh Taxpayers

The status of the returns filed using the facility can be tracked through the GST portal.

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Coronavirus Pandemic To Shrink Global Output By 5.2% 2020: World Bank

World Bank officials said their baseline scenario assumes that social distancing lockdowns and temporary business closures begin to ease at the end of June.

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India's GDP Likely To Contract By 3.2%: World Bank

The World Bank report says global economy is likely to face the deepest recession since second World War

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Gold Futures Rise To Rs 45,900 Per 10 Grams Tracking Global Rates

Gold Silver Price Today: According to Mumbai-based industry body IBJA, the opening rate of gold jewellery stood at Rs 46,479 /10 grams and silver at Rs 47,800/KG excluding GST.

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Asian Companies At Higher Risk Of Default In Quarters Ahead: Report

Airlines were the worst affected with flights grounded and people unwilling to travel. Virgin Australia, for example, entered into voluntary administration in April.

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Sensex, Nifty Close Higher For Second Straight Day Led By IT Shares

Six of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty Media index's nearly 2 per cent decline.

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Rupee Ends Nearly Unchanged At 75.54 Against Dollar

Rupee Vs Dollar Today: The rupee fluctuated between gains and losses during the four-hour session, touching 75.52 and 75.64 at the strongest and weakest levels of the day.

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Gold Steadies As Surprise US Jobs Rebound Dents Demand

The strong jobs data bolstered demand for risky assets like stocks, which advanced on Monday.

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Gold Futures Rise To Touch Rs 46,100 Per 10 Grams Mark

Gold Rate In India: At 1:39 pm, the gold futures contract - for delivery on August 5 - was up 0.86 per cent (Rs 392 per 10 grams) at Rs 46,090 per 10 grams.

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Rupee Nearly Unchanged At 75.59 Against Dollar

Rupee Vs Dollar Today: The rupee fluctuated between gains and losses during the four-hour session, touching 75.52 and 75.64 at the strongest and weakest levels of the day, having opened nearly...

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

Seven of 11 sector gauges compiled by the National Stock Exchange were trading higher led by the Nifty IT index's nearly 2 per cent gain.

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Sensex, Nifty Rise Over 1% As Financial, IT Stocks Move Higher

Benchmark indices Sensex and Nifty gave up some of the day's gains in early afternoon deals.

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How To Find Latest Petrol, Diesel Rates In Your City

Petrol, Diesel Price Today: Currently, the prices of petrol and diesel are reviewed by oil marketing companies such as state-run Indian Oil on a daily basis, and any revisions are implemented at fuel...

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A Niche Loan Market Hasn't Been This Quiet in 14 Years

There has been only one deal in the rupee syndicated market since April 1, of about Rs 4,000 crore on ($530 million), putting this quarter on track for the lowest tally in fourteen years.

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SBI Extends Gains By Over 4% On Strong March Quarter Results

The country's largest lender reported a four-fold jump in net profit for the quarter ended March 31 during market hours on Friday.

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Petrol, Diesel Prices Hiked By 60 Paise Per Litre For Second Straight Day

Petrol, diesel prices hiked by 60 paisa per litre for second day in a row, say oil companies: news agency PTI

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Opinion: To Restrain WhatsApp Is Waste Of Infrastructure India Has Built

Increasingly ubiquitous smartphones can bring vulnerable citizens the financial security that bank branches can't supply.

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Reliance Industries Gains Nearly 3% On Abu Dhabi Investment Authority-Reliance Jio Deal

Abu Dhabi's state-owned company ADIA (Abu Dhabi Investment Authority) will purchase a 1.16 per cent stake in Jio Platforms for Rs 5,683.50 crore

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Sensex, Nifty Open Higher

Equities elsewhere in Asia as well as US stock futures advanced on Monday amid hopes of a quick economic recovery.

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Uday Kotak Suggests Cash Benefits For People Earning Less Than Rs 25,000

Uday Kotak said the government should extend cash-benefit transfer to all who come under under Rs 25,000 salary bracket and whose jobs have been threatened during the ongoing COVID-19 crisis.

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Want To Invest In Gold Bond Scheme? Here's All You Need To Know

The Sovereign Gold Bonds (SGBs) are government-run bonds - issued by the RBI - denominated in multiples of one gram of gold.

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Sensex, Nifty Poised To Open Higher

Asian shares advanced on Monday after a surprise recovery in US employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus...

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Abu Dhabi Investment Authority Invests Rs 5,683 Crore In Jio

This is the seventh investment in less than seven weeks' time that Jio has bagged

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Jio News Abu Dhabi Investment Authority unit to invest Rs 5,684 crore for 1.2% stake in Jio Platforms

Jio News Abu Dhabi Investment Authority unit to invest Rs 5,684 crore for 1.2% stake in Jio Platforms

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Rs 17,705 Crore Sanctioned To MSMEs Under Collateral Free Loan Scheme

The government last month announced collateral-free loans worth Rs 3 lakh crore for MSMEs with turnover up to Rs 100 crore

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Israeli Tech Firm To Sell $32.4 Million In Medical Watches In India

The company said the agreement is for 150,000 watches which can monitor vital signs like temperature, blood pressure and blood oxygen saturation

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Uday Kotak Suggests Cash Benefits For Those Who Lost Jobs During COVID-19

He also said that giving a waiver of interest for a six-month moratorium on loan repayment would rupture the financial system

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Fall In Direct Tax Collection On Expected Lines And Temporary, Says CBDT

CBDT said that the fall in collection came on back and reforms like lowering of corporate tax and income tax exemptions

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OPEC, Russia Extend Record Oil Cuts To End Of July

Benchmark Brent crude climbed to a three-month high on Friday above $42 a barrel, after diving below $20 in April

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Vedanta Reported Net Loss Of Rs 12,521 Crore In March Quarter

The loss came on the back of a one-time loss of Rs 17,132 crore arising from impairment of assets in the oil and gas, copper and iron ore business.

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Silver Lake, Co-Investors To Take Additional 0.9% Stake In Jio Platforms

Reliance Industries has now sold nearly 20 per cent of Jio Platforms to investors, including Facebook Inc, securing around $12 billion in less than six weeks.

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Travel Services Company Yatra Scraps Merger Deal With US-Based Ebix

Ebix had agreed to buy Yatra for an enterprise value of $337.8 million in 2019.

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Government, Banks In Talks On Loans For Small Businesses At 8% Interest

Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said an inverted duty structure in textiles is under consideration.

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Gold Bond Scheme To Open For Subscription On Monday: All You Need To Know

Sovereign Gold Bonds (SGBs) are government-run bonds - issued by the RBI - denominated in multiples of one gram of gold.

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Silver Lake, Co-Investors To Put In Rs 4,547 Crore In Jio Platforms

The investment also ups Silver Lake's stake in Jio Platforms to 2.08 per cent from the previous just over 1 per cent stake.

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Gold Dealers Offer Big Discounts As Virus Fears Stifle Demand

In thin volume trade, discounts of up to $32 an ounce were offered over official domestic prices in India, the highest since early April.

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RBI Monetary Policy Committee Members See Space For More Easing

Though the MPC refrained from providing any forecast on GDP growth, members said they expect the economy to contract in the current fiscal year.

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WeWork Global To Invest $100 Million In India Business

WeWork's India franchise in May laid off 100 employees or 20 per cent of its workforce, joining a slew of firms that are cutting costs.

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India's Forex Reserves Soar To Record $493 Billion Amid COVID-19 Crisis

The forex reserves are counted as a key strength as the country faces the economic impact of the COVID-19 pandemic.

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Rupee At 75.57 Vs Dollar, Remains Nearly Unchanged For Week

Rupee Vs Dollar Today: The rupee swung between gains and losses touching 75.34 and 75.58 at the strongest and the weakest levels recorded during the four-hour session respectively, having started the...

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Gold Futures Ease Nearly 1% To Slip Below Rs 46,350 Mark

Gold Price Today: At 5:26, the gold futures contract (delivery on August 5) traded down Rs 373 - or 0.8 per cent - at Rs 46,323 per 10 grams.

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Gold Price Eases, Set For Third Weekly Loss As Risk Appetite Grows

The US central bank has injected massive stimulus and cut interest rates to near zero to cushion the blow from the coronavirus pandemic.

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RBI Sets Up Fund To Boost Digital Payments Infrastructure

This fund has been created to encourage acquirers to deploy point of sale (PoS) infrastructure, both physical and digital, in tier three to six centres and northeastern states.

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SBI March Quarter Profit Jumps Four Times

SBI's results are a bright spot for the country's bad loan-burdened financial sector that has been hit severely as the coronavirus forced a nationwide lockdown.

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Sensex, Nifty Close Higher After A Day's Pause; SBI Surges Over 8%

Seventeen of 19 sector gauges compiled by BSE ended higher led by the S&P BSE Bankex index's nearly 3 per cent gain.

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SBI Profit Jumps Over Four-Fold To Rs 3,581 Crore In March Quarter

Asset quality improved as gross non-performing assets as a percentage of total loans came in at6.15 per cent in the fourth quarter of 2019-20.

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RIL Market Cap Tops Rs 10 Lakh Crore After Slew Of Investments In Jio

Reliance Industries said the Mubadala investment is another strong endorsement of Jio's technological capabilities.

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Sun Pharma Testing Plant-Based Drug As Potential COVID-19 Treatment

Drug makers around the world are rushing to develop a treatment or vaccine for the fast-spreading novel coronavirus that has killed over 3,90,000 people and ravaged financial markets.

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Sensex, Niifty Trim Gains; Metal Stocks Shine, FMCG Weak

At 10:58, the Sensex traded 73.48 points - or 0.2 per cent - higher at 34,062.55, while the Nifty was up 46 points - or 0.43 per cent - at 10,075.80.

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Reliance Industries Gains Over 2% On Mubadala-Jio Platforms Deal

The Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor, will purchase 1.85 per cent equity stake in Jio Platforms for Rs 9,093.60 crore.

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SBI Soars Nearly 4% Ahead of March Quarter Results

State Bank of India (SBI) shares gained nearly 4 per cent this morning as the country's largest lender is likely to announce its March quarterly numbers later in the day.

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Sensex, Nifty Rise Nearly 1% Amid Buying Across Most Sectors

The Singapore Exchange (SGX) Nifty futures rose as much as 54.8 points to touch 10,069.80 ahead of the Indian markets.

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With Amazon Deal, Airtel Poses Rising Challenge To Mukesh Ambani's Jio

Bharti Airtel Ltd. is the best performer on India's stocks benchmark this year, jumping 26 per cent and reaching a record on May 19.

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Sensex Nifty Likely To Have A Quiet Start

At 8:20 am, the SGX Nifty futures were trading at 10,039, lower by 24 points or 0.24 per cent.

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Abu Dhabi Fund Mubadala To Buy 1.85% Stake In Jio Platforms For Rs 9,094 Crore

Mubadala Investment Company (Mubadala), an Abu Dhabi-based sovereign investor, will take 1.85 per cent equity stake in Jio Platforms for Rs 9,093.60 crore.

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HPCL To Restart 70,000-Bpd Vizag Crude Unit Over Weekend: Report

HPCL shut the unit at the 166,000-bpd refinery in last week, the sources added.

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US Trade Deficit Widens As Exports Hit 10-Year Low

The Commerce Department said on Thursday the trade deficit jumped 16.7 per cent to $49.4 billion

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Tata Steel Workers At Dutch Plant Vote To Strike

Tata plans to cut about 1,000 jobs in the Netherlands

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Gold Futures Climb Up Over 1% To Rs 46,600 Per 10 Grams

Gold Price Today: Gold prices may remain under pressure in the near term, say analysts.

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Gold Price Rises After Biggest Single-Day Decline In A Month

Economic optimism from easing coronavirus-related lockdown restrictions has dampened demand for the safe-haven metal recently, sending prices lower by 1.3 per cent so far this week.

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Rupee Closes Lower At 75.57 Tracking Weakness In Asian Currencies

Rupee vs Dollar: The currency swung between gains and losses in a range of 75.37-75.62 in the four-hour session, having started the day weaker at 75.62 compared to its previous close of 75.47.

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State Bank Of India To Consider Raising Up To $1.5 Billion

The bank said it will raise the funds during 2020-21 through a public offer, a private placement of senior secured notes in US dollar or any other convertible currency.

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Virus Lockdown Fuels India's Biggest Earnings Decline Since 2014

Profits of companies listed in the NSE fell about 15 per centlast quarter from the same period last year

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Amazon In Talks To Buy $2 Billion Stake In Bharti Airtel: Report

The planned investment, if completed, would mean Amazon acquiring a roughly 5 per cent stake based on the current market value of Bharti.

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Sensex, Nifty Break 6-Day Winning Run Dragged By Banks

Sharp losses in banking and financial services shares outweighed gains in IT, pharma and metal counters.

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What's At Risk If India's Sovereign Rating Is Cut to Junk? Here's A List

Earlier this week, Moody's cut India's rating to the lowest investment grade, putting it on par with S&P and Fitch at a level above high-yield.

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Realty Shares Drop After Piyush Goyal Dampens Hopes For Support Measures

Gauge of real estate shares on the National Stock Exchange - Nifty realty index declined as much as 2.31 per cent.

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Sensex, Nifty On Track To Break 6-Day Winning Streak Dragged By Banks

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

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Reliance Industries Closes India's Largest Rights Issue Worth $7 Billion

Reliance launched the issue last month, offering existing shareholders one new share for 15 held at a discounted price of Rs 1,257 apiece

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Should Interest Be Waived On Moratorium, Top Court Asks Finance Ministry

The Supreme Court said that health of people is more important than economic aspects, while hearing the petition on waiver of interest during moratorium on loan repayment.

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Sensex Falls Over 400 Points From Day's High, Nifty Slides Below 10,050

Equities elsewhere in Asia traded on a mixed note, with MSCI's broadest index of Asia Pacific shares outside Japan last seen trading up 0.16 per cent.

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Investors Bet On Mukesh Ambani's Jio And Its Giant-Killer Playbook

The 10-week coronavirus-triggered lockdown has also led to a surge in demand for data, boosting Jio's phone and broadband offerings.

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Interest Waiver During Loan Moratorium Bad For Banks: RBI Tells Top Court

There cannot be an interest waiver during moratorium on term loan repayment as such a move will put the financial health and stability of banks at risk, the Reserve Bank of India (RBI) told the...

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Sensex, Nifty Turn Flat Amid Choppy Trade As Markets Take A Breather

Both benchmark indices had closed at the highest levels recorded since March 11 on Wednesday.

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Hotel Chain Taj Tops List Of India's Strongest Brands

Tata Group retained the top spot in the list of 'Most Valuable Brand', breaking the $20 billion brand value mark for the first time

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Sensex, Nifty Likely To Have A Cautious Start

The markets had ended at 3-month highs in the previous session and the Nifty had settled above the 10,000 mark for the first time since March.

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Reliance Industries ₹53,124 Crore Rights Issue Subscribed 1.59 Times

Rights issue gives an existing investor the right to increase shareholding in the company

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India Post Not To Charge Late Fee For Recurring Deposit Holders In May

The decision was taken keeping in view that that movement was restricted during the lockdown

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Cabinet Okays Amendment To Essential Commodities Act

The agriculture minister said the amendment will allay fears of private investors of excessive regulatory interference

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Gold Futures Ease To ₹46,650/10 Grams As Equities Jump

Gold Price Today: MCX gold futures declined by ₹196 per 10 grams - or 0.42 per cent - to ₹46,600 per 10 grams mark at the weakest level during the session.

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Gold Price Eases As Stocks Rally On Economic Recovery Hopes

Holdings of SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, rose 0.1 per cent to 1,129.28 tonnes on Tuesday, their highest since April 2013.

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Monsoon Rains Arrive In Kerala on June 1. All You Need To Know

The onset of monsoon rains augurs well for the economy as agriculture accounts for about 15 per cent of the GDP and employs over 50 per cent of population.

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Nifty Ends Above 10,000 For First Time Since March Led By Banks

Nine of 11 sector gauges compiled by the National Stock Exchange ended higher led by the Nifty PSU Bank index's over 5 per cent gain.

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Rupee Gives Up Day's Gain To Settle At 75.47 Against Dollar

Rupee vs Dollar: The rupee moved within a range of 75.35-75.61 during the four-hour session, having started the day nearly unchanged at 75.56 compared to its previous close.

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IndiGo Shares Soar 8% Despite ₹871 Crore Loss In March Quarter

In intra-day trading, the stock hit the high of ₹1,064.95, 12.62 per cent higher than Tuesday's closing

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Services Activity Contracted Sharply In May Due To Covid-19: Survey

The unfavourable economic effects of the coronavirus pandemic impaired business operations, restricted consumer footfall and led demand to collapse, the survey said.

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Britannia Industries Hits 52-Week High On Jump In March Quarter Profit

Britannia Industries reported a consolidated profit of Rs 374.75 crore in the fourth quarter ended March 2020, registering a growth of 26.1 per cent on a year-on-year basis.

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Mukesh Ambani's Jio In Advanced Talks With 3 Mideast Investors: Report

Any new investment would add to the $10 billion that Jio Platforms has raised in recent weeks as it starts on early preparations for an overseas listing.

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SBI Cuts Interest Rates On Saving Deposits

SBI saving deposits accounts with a balance of up to Rs 1 lakh will earn interest of 2.7 per cent, which is a reduction of 5 basis points compared to the existing interest rate of 2.75 per cent.

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Nifty Crosses 10,000 For First Time Since March As Rally Continues

At 9:26 am, the Sensex traded 510.81 points - or 1.51 per cent - higher at 34,336.34 while the Nifty was up 154.75 points - or 1.55 per cent - at 10,133.85.

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How Technology Has Enabled Non-Profits To Support Rural Population

Some non-profit organisations have been instrumental in supporting these changes, and driving a positive societal impact.

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ICICI Bank Cuts Interest Rates On Saving Deposits By 25 Basis Points

The private sector lender has cut interest rate on all deposits of less than Rs 50 lakh to 3 per cent, a reduction of by 25 bps against the existing 3.25 per cent.

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Sensex, Nifty Likely To Open Higher, Tracking Global Equities

The markets are likely to open in the green, continuing their gains of the five previous trading sessions, on the back of positive cues from the global front.

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Government Launches Rs 50,000 Crore Plan To Boost Electronics Manufacturing

Government is offering a production-linked incentive involving cash worth 4% to 6% of additional sales of goods made locally over 5 years.

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IndiGo Parent InterGlobe Posts Rs 871 Crore Loss In Fourth Quarter

The company did not provide a forecast on capacity either, due to a hit to operations from the COVID-19 pandemic

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Banking Sector Needs Recapitalisation Of Rs 4 Lakh Crore: Uday Kotak

The banking sector has loans of Rs 100 lakh crore and a capital of Rs 11 lakh crore to 12 lakh crore, said CII President-Designate Uday Kotak.

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Gold Futures Slip To Rs 46,950 Per 10 Grams Mark As Equities Rally

Current Gold Rate: MCX gold futures declined by Rs 218 per 10 grams - or 0.46 per cent - to Rs 46,865 per 10 grams mark at the weakest level of the day.

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Reliance Jio Offers Benefits Across Platforms Over Rs 249 Recharge

Under the offer, upon recharging for Rs 249 or more, users will get discount coupons

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Government May Issue Draft Defence Production, Export Promotion Policy Soon

On May 16, Finance Minister Nirmala Sitharaman had announced a series of initiatives to promote indigenous defence production.

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Gold Eases On Recovery Hopes, US-China Worries Limit Losses

Despite some optimism about economies gradually reopening, gold prices have gained in the previous three sessions, and hit their highest on Monday since May 21.

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Moody's Downgrades Long-Term Deposit Ratings For SBI, HDFC Bank

The actionscome just a day after Moody's downgraded India's sovereign rating from 'Baa2' to 'Baa3'

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Sensex, Nifty Rally For Fifth Straight Day End Near 3 Month Highs

Buying in HDFC, Kotak Mahindra, ICICI Bank, HDFC Bank and Reliance Industries contributed nearly 400 points towards gain in the Sensex.

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Carmakers Offer Teaser Loans As RBI Softens Stance Amid COVID-19: Report

Teaser loans offer low interest rates for the first few months or years to attract customers, but rates are later rapidly increased.

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2.1 Crore Jobs Added In May As Employment Conditions Improve: Think-Tank

Labour market conditions improved in May as a number of people returned to work, despite the unemployment rate remaining "very high" at 23.5 per cent, think-tank Centre for Monitoring Indian Economy...

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India's May Gold Imports Fall 99% From A Year Ago To 1.4 Tonnes: Report

The demand witnessed slump as international air travel was banned and jewellery shops were closed amid a nationwide lockdown

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Rupee Fluctuates In Narrow Range Against Dollar

Rupee vs Dollar: It moved in a range of 75.53-75.60 in the first half of the four-hour session, having started the day nearly unchanged at 75.56 compared to its previous close of 75.54.

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Stock Market's Honeymoon With PM Modi's Government Under Strain

The country is gradually reopening its economy, but with more than 8,000 new cases per day, it risks a further spread of the pandemic.

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Kotak Mahindra Bank Rallies Over 7% On Stake Sale By Uday Kotak

Banker and founder Uday Kotak will be selling 2.83 per cent stake worth over Rs 6,800 crore in the country's fourth largest private sector lender on Tuesday.

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Another Source Of Cash Dries Up For Indian Companies Amid Virus Crisis

The Covid-19 crisis has further crimped options for foreign-currency funding, worsening a credit crunch sparked by the collapse of shadow lender IL&FS in 2018.

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Sensex Opens Over 100 Points Higher, Nifty Above 9,850

Moody's Investors Service on Monday downgraded India's credit rating to "Baa3" from "Baa2", a notch above junk.

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Delhi CNG Price Hiked By One Rupee Per Kilogram

The company had last cut CNG price by Rs 3.2 per kg and piped natural gas rate by Rs 1.55 per unit from April 3.

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Petrol, Diesel Sales Pick Up From Record Lows, Full Recovery Months Away

Fitch expects the country's diesel demand to decline by 14 per cent in 2020 from a year ago, and sees a full-scale recovery in fuel demand in 2021-2022.

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Uday Kotak To Sell 2.83% Stake In Kotak Mahindra Bank For Rs 6,800 Crore

The stake sale would help bring down Uday Kotak's stake in the country's fourth largest private sector lender to the RBI-mandated 26 per cent.

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Sensex, Nifty Likely To Open Higher

The country is in the fifth phase of a nationwide lockdown to curb the spread of the coronavirus pandemic, which has affected economic activityand hampered businesses forcing them to trim workforce.

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EPFO Restores Commuted Value Of Pension, Releases Rs 868 Crore Pension

Pension commutation refers to part-withdrawal of fund in advance by a subscriber

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Moody's Downgrades India's Sovereign Rating, Maintains Negative Outlook

Moody's Investors Service has today downgraded the Government's foreign-currency and local-currency long-term issuer ratings to Baa3.

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Centre Launches Micro-Credit Scheme To Provide Loans To Street Vendors

Union Housing and Urban Affairs Ministry in a statement said the ''Pradhan Mantri Street Vendor's AtmaNirbhar Nidhi'' is likely to benefit 50 lakh.

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Government Raises Minimum Support Price For Summer Crops By 50%

Government has decided to raise the support price by up to 50 per cent to support farmers reeling from an extended lockdown

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Cabinet Clears Change In MSME Definition, Raises Investment Limit

A company which has invested Rs 10 crore and has a turnover of Rs 50 crore will be classified as a small enterprise.

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Mahindra & Mahindra Posts Domestic Sales Of 9,076 Vehicles In May

Auto major Mahindra & Mahindra reported sales of 9,076 vehicles in the domestic market in the month of May, compared to zero sales in April.

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Centre Unveils Distressed Assets Fund To Revive MSMEs

The central government will provide guarantee coverage of up to 85 per cent for loans up to Rs. 5 lakh and 75 per cent for loans beyond Rs 5 lakh to MSMEs to raise funds from financial institutions.

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Sensex, Nifty End Higher For Fourth Day After Centre Eases Lockdown Curbs

Nifty Today: Gains across sectors pushed the markets higher, led by banking, financial services, automobile and metal shares.

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Maruti Suzuki Posts Sales Of 13,865 Vehicles In May As Production Resumes

Maruti Suzuki said it resumed its manufacturing operations in accordance with government regulations and guidelines.

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India's Electricity Generation Falls Over 14% In May Amid COVID-19 Crisis

Despite higher consumption by residential consumers, power use was lower as many industries and commercial establishments - which account for over half of the country's annual consumption - were shut...

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Adani Power Surges Nearly 10% On Delisting Plans

The Gautam Adani- promoted electric utilities company said it will consider delisting of its shares from exchanges at its board meeting on Wednesday.

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SBI Soars Over 5% In A Strong Market

State Bank of India shares soared more than 5 per cent, amid broad-based buying in the equity markets as the country entered 1st phase of the 3-phase unlock plan.

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Sensex, Nifty Soar 3% After Government Eases COVID-19 Lockdown Curbs

Domestic stock markets jumped more than 3 per cent on Monday as the country geared up to further open its economy after a months-long lockdown to curb the spread of the coronavirus pandemic. The S&P...

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India's Factory Slump Deepened In May As Lockdown Hit Demand: Survey

Asia's third-largest economy will contract this quarter for the first time since the mid-1990s, a May Reuters poll found, having expanded 3.1 per cent last quarter, its weakest annual pace in at least...

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India's Joblessness Rate At 23.48% In May: Think-Tank CMIE

The country has reported 190,535 coronavirus cases, with 5,394 deaths.

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Non-Subsidised Cooking Gas Costlier By Up To Rs 37/Cylinder In Metros

Currently, the government subsidises 12 cylinders of 14.2 kilograms each per household in a year. The consumer has to make any additional purchases at the market price.

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Sensex, Nifty Soar Over 2% Propelled By Gains Across Sectors: 10 Points

Domestic stock markets jumped more than 2 per cent on Monday as the country geared up to further open its economy after a months-long lockdown to curb the spread of the coronavirus pandemic.The S&P...

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Yes Bank Gains Nearly 3% As Kapurs Step Down As Promoters

The Madhu Kapur group decided to give up their status as Yes Bank promoters and agreed to be categorised as non-promoter or public shareholders, Yes Bank said.

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Opinion: The Pandemic Isn't India's Only Curve to Flatten

The squiggly line that joins the cost of money at different maturities - the yield curve - deserves just as much attention.

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Sensex, Nifty Likely To Open Higher Today

At 8:36 am, the SGX Nifty futures were up 185.00 points - or 1.95 per cent - at 9,667.25.

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10-Digit Numbering Will Continue, Says Telecom Regulator

TRAI said the country will continue with 10-digit numbering for mobile telephone services and rejected shifting to 11-digit mobile numbering plan.

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