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Harley to partner Hero MotoCorp to run its business in India
28 Oct

After shutting down its only factory in India last month due to poor, loss-making operations, cult American bike maker Harley-Davidson has decided to ...

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Airtel sees highest ever quarterly revenue
28 Oct

Bharti Airtel, the country’s second-largest telecom operator, on October 27 reported its highest-ever quarterly consolidated revenue on the back of a ...

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Pandemic to wipe out 3 years of states' fiscal gains: RBI
28 Oct

The Reserve Bank of India (RBI) has warned that the Covid-19 pandemic will wipe out three years of fiscal consolidation gains of the states. It also s ...

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Tatas to acquire up to 51% stake in Bigbasket
28 Oct

The Tata Group is exploring the acquisition of a large stake in Bigbasket in a deal which has the potential of being the biggest investment by a local ...

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Home, Vehicle and Rural Loans top pre Covid levels
28 Oct

Home, Vehicle and Rural loans are helping banks and non-bank lenders spare their blushes even as they remain risk averse to unsecured and wholesale cr ...

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ICICI Prudential Life Q2 net profit marginally up at Rs 303 crore
28 Oct

ICICI Prudential Life Insurance on October 27 reported a marginal rise in net profit at Rs 303 crore for September quarter of the current fiscal year. ...

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Centre ready to challenge Vodafone arbitral award
27 Oct

Armed with an opinion from Solicitor General Tushar Mehta that an arbitral tribunal can’t render a law passed by a sovereign Parliament ineffective, t ...

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The govt should credit interest relief by Nov 5
27 Oct

The government gave lenders time until November 5 to waive interest payments on a loan relief scheme aimed at helping borrowers during the coronavirus ...

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Govt in no hurry for big PSU selloffs over mkt appetite
27 Oct

The government is going to retain oil, power, coal and banking among strategic sectors with public sector presence, and move in a calibrated way in pr ...

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Industry seeks easier Income Tax rules for foreign nationals
27 Oct

Industry bodies including CII, FICCI, Assocham and US India Strategic Partnership Forum (USISPF) have sought exemption from personal tax for foreign d ...

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Consumer goods makers get festive booster shot
27 Oct

The festive season has offered some much-needed cheer to the corona-hit shopper items business, with retail gross sales within the 10-day Navratri to ...

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Future and Amazon may legally fight out stay on RIL deal in Delhi HC
27 Oct

Echoing Reliance Industries, Future Group on Monday mentioned the Singapore Worldwide Arbitration Centre (SIAC) order granting an interim keep on the ...

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Kotak Mahindra Bank may buy IndusInd Bank: Report
26 Oct

Kotak Mahindra Bank is exploring an acquisition of private sector rival IndusInd Bank, according to a report. The Hindujas’ IndusInd International Hol ...

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Amazon gets stay on RIL-Future group deal
26 Oct

Kishore Biyani’s deal to sell off Future Group assets to Mukesh Ambani’s Reliance Industries for Rs 24,713 crore is now on hold. The Singapore Interna ...

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Yes Bank cuts exposure to DHFL, sells Rs. 500 crore bonds
26 Oct

Yes Bank has significantly reduced its exposure to DHFL by selling the troubled housing finance company’s bonds in the secondary market. The sale of t ...

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NITI Aayog begins groundwork on identifying more PSUs for sale
26 Oct

NITI Aayog has begun the groundwork for selecting the next set of public sector enterprises for strategic sale and disinvestment. A preliminary meetin ...

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RBI and NPCI consider stricter checks for digital pay amid data privacy issues
26 Oct

The Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) are examining whether the digital payments ecosystem needs tight ...

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Franklin Templeton Mutual Fund may move SC on fund closures
26 Oct

Franklin Templeton Mutual Fund, which was asked by the Karnataka high court to take investors’ permission to shut six of its debt schemes, indicated t ...

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Aditya Birla Fashion to sell 8% to Flipkart for Rs 1,500 crore
24 Oct

Aditya Birla Fashion and Retail (ABFR) has entered into a commercial pact with Flipkart where it will raise Rs 1,500 crore by selling nearly 8% stake ...

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Defence canteens to ban import of finished goods
24 Oct

In a major blow to companies ranging from FMCG and liquor to consumer durables and footwear, the government-controlled Canteen Stores Department (CSD) ...

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Tata Steel and Swedish company in talks for European business deal
24 Oct

Tata Steel and Swedish giant SSAB are in talks for a potential deal to combine their European businesses as the former evaluates sustainable solutions ...

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SEBI bans Yash Birla from market for 2 years
24 Oct

Regulator Sebi has banned Yashovardhan (Yash) Birla from the market for two years. The action is due to misutilisation of funds collected through the ...

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Govt set to divest 10% in General Insurance Corporation and New India Assurance
24 Oct

Government is set to offer 10% shares in the country’s largest non-life insurance company New India Assurance through an offer for sale to the public. ...

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Government Imposes Stock Limits On Onion Traders To Check Prices
24 Oct

To boost domestic supply and provide relief to consumers from rising onion prices, the Centre on Friday imposed stock limits on both retailers and who ...

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Government against new umbrella entity for e-payments
23 Oct

The government has expressed concern over the proposed new umbrella entity for retail payments resulting in a mechanism that is controlled by Indian o ...

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Indian startups push Google to offer options to its billing system
23 Oct

Indian startups and large internet firms are pressing Google to offer alternatives to its billing system and keep the market ‘open’, according to mult ...

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DHFL’s creditors may seek higher bid from Oaktree
23 Oct

US-based Oaktree is the front-runner with a bid of Rs 28,000 crore for housing finance company DHFL, while Piramal Group has offered a much lower pric ...

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MGNREGA beneficiaries surpass last year's numbers
23 Oct

Barely six months into the current fiscal and the government’s flagship rural employment scheme has already surpassed last year’s numbers in terms of ...

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India opposes binding commitments for easier cross-border goods clearance
23 Oct

India has opposed binding commitments on countries to put in place practices for faster clearances of cross-border merchandise even as it has implemen ...

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Indians are spending less on food and more on housing, health & education
23 Oct

In a reflection of a significant shift in consumption pattern among industrial workers, the revised consumer price index for industrial workers (CPI-I ...

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Indian economy at the doorstep of recovery- RBI governor
22 Oct

The Indian economy is at the “doorstep of revival” and both the government and the Reserve Bank of India are maintaining an accommodative stance, acco ...

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PM to meet 15 leading global fund houses to attract investment amid pandemic
22 Oct

Prime Minister Narendra Modi will soon meet 15 leading global fund houses amid heightened interest from foreign investors seeking stable returns in In ...

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India's tyre exports benefit from anti-dumping duties on China
22 Oct

India’s tyre exports are getting help from the anti-China sentiment sweeping different parts of the world. The 25%-37% anti-dumping duty slapped by th ...

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Banks step up festive offers in car and home loans
22 Oct

After interest rate cuts and schemes to draw individual borrowers, banks have stepped up festive offers. SBI on Wednesday said that it would offer a c ...

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UNCTAD sees 7-9% drop in 2020 global trade
22 Oct

The United Nations Conference on Trade and Development (UNCTAD) expects a 7-9% on-year drop in the value of global trade in 2020 despite signs of a re ...

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Companies from neighbouring nations to face tighter scrutiny for govt deals
22 Oct

Companies based in countries sharing a land border with India who bid for government procurement contracts are set to face tighter scrutiny. They will ...

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Government pushes strategic sale of 4 PSUs, which may realise Rs. 49000 crore
21 Oct

The department of investment and public asset management (Dipam) is ready to push ahead with the strategic sale of several public sector companies wit ...

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Mercedes-Benz to produce AMG cars in India
21 Oct

Deepening its manufacturing and investments in India, German luxury carmaker Mercedes-Benz on Tuesday said it will start assembly of its high-performa ...

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IT deal momentum picks up sharply in quarter 2
21 Oct

The IT services deal momentum picked up sharply in the September quarter after a lull in the preceding one. Companies globally are seen to be recognis ...

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20 Lakh people enrolled in EPFO in first five months of FY21
21 Oct

Nearly 20 lakh people enrolled with the employees provident fund organisation in the first five months of the current fiscal, the provisional payroll ...

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US justice department files suit against google for antitrust violations
21 Oct

The US Justice Department on October 20 sued Google over allegations that its search and advertising empire violated federal antitrust laws, launching ...

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Broader and stronger economic revival in September but sustainability a worry
21 Oct

Economic revival broadened and strengthened in September with about nine non-financial leading indicators recording growth during the month while five ...

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China and Pakistan companies must show ownership plan to be eligible for govt deals
20 Oct

From names of directors and their nationalities to a graph depicting the ownership structure, the Centre wants Chinese and Pakistan-based companies to ...

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SEBI sets up data advisory committee for effective dissemination of its data
20 Oct

Markets regulator Sebi has constituted a market data advisory committee (MDAC), headed by Madhabi Puri Buch, a whole time member, for effective dissem ...

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Major boost to Atmanirbhar Bharat, easier entry for local companies in road projects
20 Oct

India is set to make it easier for local companies, especially new entrants, to bid for road projects as the government gives a big push towards Atman ...

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Government issues time-bound rules for farm contract disputes
20 Oct

The government has rolled out time bound rules and procedures for dispute resolution in the recently enacted farm law - Farmers (Empowerment and Prote ...

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Urban unemployment fell to 8.4% in July-September 2019
20 Oct

Unemployment in urban areas fell to 8.4% in July- September 2019 from 8.9% in the June quarter last year, data released by the Ministry of Statistics ...

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Jet’s 2nd coming will depend on reclaiming its slots given to other Indian carriers
20 Oct

Getting its slots given to other Indian carriers back will be a key factor in Jet Airways taking to the skies again under new owners. While the airlin ...

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Makeup and skin care business up as people step out
19 Oct

As people socialise again, discretionary categories in FMCG like makeup and skin care are finally seeing a gradual recovery, according to data provide ...

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FDI with even the smallest Chinese holding will need government's approval
19 Oct

Foreign Direct Investments (FDI) proposals with even minuscule Chinese holding will need government approval, with the Center abandoning its earlier p ...

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BARC ‘highly disappointed’ with Republic TV, says network misrepresented its private email
19 Oct

The Broadcast Audience Research Council (BARC) Sunday accused Republic TV of “misrepresentation”, after the Arnab Goswami-led channel quoted a communi ...

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FDI cap in digital news meant to check Chinese, other foreign influence
19 Oct

The government’s clarification on Friday that the rule allowing 26% foreign direct investment (FDI) in digital news will apply to news aggregators, en ...

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Festive e-sales get push from new shoppers coming from non metros
19 Oct

Festive sales on e-commerce platforms have made a strong start with the first 48-hour sales trends in line with record number estimates for this year’ ...

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IT companies hiring plunges due to covid, recovery likely in second half of FY21
19 Oct

The top four IT services companies hired just 12,258 people in the first half of the fiscal, down from 54,002 in the same period last year, as the pan ...

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Passenger vehicle sales rise 17% in quarter 2 on festive push
17 Oct

As the festive season kicks in, car companies reported higher deliveries to dealerships in view of the anticipated demand rise. Passenger vehicle deli ...

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Diesel sales out of quarantine, shoots past pre-Covid level in October
17 Oct

India consumed nearly 9 per cent more diesel in the first fortnight of October than it did in the same period a year ago and petrol sales remained 1.5 ...

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Corona-Kavach policies cross 1 crore milestone
17 Oct

The market for Corona-Kavach policies has grown 10-fold in a month to 1.1 crore from 15 lakh. A record sales figure that makes it the hottest selling ...

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Retail giants eye rural Indian and small towns to push growth
17 Oct

Retail giants have drawn up aggressive plans to make inroads into the smaller cities and towns of India and are employing a variety of tools, includin ...

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Top e-tailers get notices on 'country of origin' info
17 Oct

The consumer affairs ministry on Friday issued notices to two ecommerce players Amazon and Flipkart for not displaying information, including country ...

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COVID impact: Air India reduces monthly salary bills by 50%
17 Oct

Air India has reduced its salary bill by more than 50% to Rs 120 crore a month since April in an attempt to stay afloat amid the Covid-19 pandemic, wh ...

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Indian companies may get approval to list in 7 countries
16 Oct

Paving the way for a global listing by the likes of Reliance Jio, LIC and Indian start-ups, the government is set to notify seven countries and the Gu ...

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SC issues notices to RBI, Govt and NPCI over data protection of UPI transactions
16 Oct

The Supreme Court on Thursday sought responses from the Centre, the RBI and the National Payments Corporation of India on a PIL which alleged breach o ...

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Luxury carmakers bet on ‘affordable’ wheels to drive out of slowdown
16 Oct

Luxury carmakers are driving up affordability to win over customers. As the industry passes through a challenging period, exacerbated by the pandemic ...

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IT companies save over 70% in travel costs in September quarter
16 Oct

Increased digital adoption and deal wins has helped the performance of the IT industry to bounce back in the July-September quarter. What has also ben ...

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Punjab, Haryana begin penalising farmers for stubble burning
16 Oct

Punjab and Haryana have started penalising farmers who burn harvest residue on fields as air pollution levels rise in northern India, officials said. ...

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India’s trade deficit narrows to $2.72 billion; Exports up 5.99% in September
16 Oct

India’s trade deficit for September 2020 was estimated at USD 2.72 Billion as against the deficit of USD 11.67 billion in September 2019, which is a d ...

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SC welcomes relief on interest but wants it to be speeded up
15 Oct

The Supreme Court on October 14 said it was a “welcome move” on the Centre's part to waive compound interest on instalments of loans up to Rs 2 crore ...

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Banks can restructure realty loans based on project rather than the developer
15 Oct

The Reserve Bank of India (RBI) has permitted banks to restructure loans to real estate companies on the basis of the project rather than the develope ...

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Government to go ahead with Air India sale, may not retire debt
15 Oct

The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value, while ...

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Tractor companies get back to increase production capacity
15 Oct

Tractor is the only segment of the automotive market that has seen double digit sales growth since July, with September retails up 80% year-on-year. A ...

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Wholesale inflation at 7 month high in September
15 Oct

Wholesale Inflation as gauged by the Wholesale Price Index (WPI) index rose to its highest levels in seven months on the back of an increase in prices ...

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India pitches for easier cross-border movement of healthcare professionals
15 Oct

India has pitched for easier cross-border movement of healthcare professionals and sought an outcome for the initiative at the ministerial conference ...

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Wipro eyes $1.3 billion shares in 4th buyback in 5 years
14 Oct

Wipro said it is buying back shares worth Rs 9,500 crore ($1.3 billion), which represents 4.2% of its total paid-up equity capital. The company is pur ...

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Wipro to give 100% variable pay in quarter 2
14 Oct

Wipro hired 3000 freshers and 439 laterals in the September quarter. The company's total headcount is now 1.8 lakh. The company has given 100% payout ...

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Pharma market rebounds in September, 1st time since Covid
14 Oct

The domestic pharma retail market bounced back for the first time during the pandemic, registering a growth of over 4% in September, helped by increas ...

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Govt may not implement international arbitration tribunal’s order on Vodafone
14 Oct

The Centre has said an international arbitration tribunal’s order in the Vodafone case impinges on its sovereign right to tax, in a strong indication ...

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India among top 3 choices for Overseas Investments
14 Oct

India will be one of the top three overseas investment destinations for the next two-three years, according to a survey by Confederation of Indian Ind ...

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Banks working to ensure the productivity gains made due to Covid-19 are sustained
14 Oct

Banks are formulating strategies to ensure that the productivity gains made due to Covid in terms of flexible working hours, greater use of technology ...

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Govt to spend Rs. 37000 crore, give cash for LTC & Rs. 10k advance for central staffers
13 Oct

Finance minister Nirmala Sitharaman on October 12 announced additional allocation of Rs. 37,000 crore towards capital expenditure, and put money into ...

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Retail inflation hits 8 month high in September of 7.3% on food prices
13 Oct

Retail inflation accelerated to an 8-month high in September and crossed the 7%-mark as food prices hardened, dashing hopes of any interest rate cut b ...

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Food delivery recovers to near pre covid levels
13 Oct

India’s online food delivery volumes have made a full recovery to pre-Covid levels with a number of cities now at over 120% of the peaks set before th ...

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Demand for CAs up 37%, pay packages rise too
13 Oct

There has been a 37% increase in demand for Chartered Accountants (CAs) and their pay packages has seen an upswing too, this year, as the campus place ...

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Highway ministry extends relief to road contractors till December this year
13 Oct

The highways ministry has extended relief measures for road contractors and concessionaires by three months, following a request from the industry.The ...

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Government guarantee ups MSME loans: Cibil
13 Oct

Data released by TransUnion Cibil on fresh loan disbursements to the micro, small and medium enterprises (MSMEs) sector shows that there has been a re ...

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India’s Razorpay becomes unicorn after new $100 million funding round
12 Oct

Payments startup Razorpay’s valuation has more than doubled to $1 billion with its latest $100-million fund-raise, co-led by Singapore’s sovereign wea ...

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Govt to leverage public offers and buybacks for divestment plan
12 Oct

Encouraged by the response to the Mazagon Dock Shipbuilders IPO, the government will prioritise public offers, at an “attractive price”, and buybacks ...

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Realtors seek fresh loan relief after SC hearing on the issue of interest waiver
12 Oct

Builders’ lobby group Confederation of Real Estate Developers’ Associations of India (Credai) has demanded an extension of the loan moratorium with in ...

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Listing of UTI Mutual Fund to end tussle between SEBI and three govt-run financial powerhouses
12 Oct

The listing of UTI Mutual Fund (UTI MF) on October 12 is set to end the more than a decade-old cold war between markets regulator Sebi on the one side ...

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Delayed withdrawal of monsoon is unlikely to hit harvest of Kharif Crops
12 Oct

The delayed withdrawal of monsoon is unlikely to hit the ongoing harvest of kharif crops, the head of agricultural meteorology at the weather office h ...

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Retail Investors may soon trade in government securities directly
12 Oct

Retail and corporate investors are likely to have direct access to the government bond market. The Reserve Bank of India (RBI) and Clearing Corporatio ...

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RBI keeps rates unchanged, sees FY21 GDP shrinking 9.5%
10 Oct

The Reserve Bank of India’s (RBI) monetary policy committee on October 9 voted unanimously to keep key interest rates unchanged but the central bank u ...

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24 hour RTGS to boost ease of doing business
10 Oct

Real-Time Gross Settlement (RTGS), a mechanism for high-value bank fund transfers, will be made available round-the-clock from December 2020 instead o ...

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Interest rates on home loans above Rs 30 lakh likely to drop
10 Oct

Interest rates on home loans above Rs 30 lakh will become cheaper, with the Reserve Bank of India (RBI) making it less expensive for banks and finance ...

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Pandemic forced companies to invest in cloud based services: TCS
10 Oct

After the setback in the first quarter because of the immediate impact of the pandemic, the environment has been looking good for the Indian IT servic ...

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Government allows exports of certain kinds of onions, but with restrictions
10 Oct

India on Friday eased the export norms for certain kinds of onions and allowed the export of Bangalore Rose Onions and Krishnapuram Onions of up to 10 ...

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Resident Welfare Associations should not stop newspaper delivery: Javadekar
10 Oct

Union minister for information & broadcasting Prakash Javadekar said resident welfare associations (RWAs) shouldn’t stop the delivery of newspaper ...

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Gold ETF inflows drop 34% in September
09 Oct

Gold ETF inflows saw a 34% decline to Rs 597 crore in September on a monthly basis, even as folios grew by 13,000. Mutual fund body Amfi CEO N S Venka ...

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LIC Housing Finance has exceeded pre-Covid business levels in September
09 Oct

LIC Housing Finance (LIC HF), the country’s second-largest home loan company, has said new business last month has been the best for any September in ...

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Search for Indian app store alternative gets a boost
09 Oct

With Google facing heat for its billing policies, the search for a national app store alternative to the Play Store is gathering pace. Paytm is leadin ...

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Cautious lenders go slow on festive auto loan offers
09 Oct

Despite the festival season being just round the corner, car financiers are not rolling out the big bang schemes that are de rigueur this time of the ...

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Banks sanction Rs 1.87 lakh crore to 50.7 lakh MSMEs under credit guarantee scheme
09 Oct

The Finance Ministry on October 8 said banks have sanctioned loans of about Rs 1,87,579 crore to 50.7 lakh business units under the Rs 3-lakh crore Em ...

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Goyal calls upon US businesses to look at India as next investment hub
09 Oct

Commerce and Industry Minister Piyush Goyal has called upon American businesses to look at India as their next investment destination. Addressing Indi ...

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Amazon has sent lagal notice to Future Group on Reliance deal
08 Oct

Amazon  has sent a legal notice to Future Group,  India’s second largest retail chain, for breaching the terms of its contract by selling a ...

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Google faces fresh CCI probe on Smart TVs
08 Oct

The Competition Commission of India (CCI) is examining a complaint that search giant Google abused its dominant market position in smart television op ...

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Reliance, ONGC arms allowed to bid for gas under new rule
08 Oct

The government between 2016 and 2019 gave pricing freedom for all fields except those given to State-owned Oil and Natural Gas Corp (ONGC) and Oil Ind ...

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Covid stress manageable, legacy bad loans taken care of: SBI Chief Khara
08 Oct

Newly appointed chairman of State Bank of India, Dinesh Khara, has mentioned that the Covid-related stress on the debtors of the nation’s largest fina ...

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Government’s decision to waive off compounding interest will add to banker’s costs
08 Oct

Indian bankers fear the government's decision to waive some interest payments on loans under a COVID-19 support plan will create unnecessary work for ...

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Looking at economic recovery employers are restoring the wages
08 Oct

The festival season this year is turning out to be a blessing for many employees who have lived with salary cuts since the Covid-19 outbreak.As econom ...

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RBI’s MPC panel likely to hold rates
07 Oct

The Reserve Bank of India (RBI) has said that its bimonthly monetary policy committee (MPC) meeting will start on Wednesday. The announcement of the M ...

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SBI MD Dinesh Khara appointed as CMD to replace Rajnish
07 Oct

The RBI was forced to postpone its MPC meeting for the first time after the Centre delayed in appointing three external members to replace the earlier ...

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Services Sector stablises in September
07 Oct

The IHS Markit India Services PMI increased to 49.8 in September 2020 from 41.8 in the previous month, easily beating market expectations of 44.7. The ...

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Abhu Dhabi Fund to invest 5513 Crores in reliance Retail
07 Oct

Abu Dhabi Investment Authority (ADIA) has followed sister firm Mubadala in backing Reliance Retail Ventures run by billionaire Mukesh Ambani. On  ...

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IRDAI to look at system for colour coding health covers
07 Oct

To make life simpler for policyholders, insurance regulator Irdai might introduce a system of colour-coding health policies to easily assess the produ ...

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Real estate sector may not get waiver on compound interest
07 Oct

The government is unlikely to extend the proposed interest on interest waiver to the real estate sector, which has already benefited from funding supp ...

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Google’s deferment of 30% fee proves its guilt
06 Oct

Google has deferred in-app commission payment for app developers in India with alternate payment system to March 31, 2022.The company said on Monday t ...

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Government appoints 3 new members for RBI Monetary Policy Committee
06 Oct

The government named Shashanka Bhide, Ashima Goyal and Jayanth Varma as its nominees on the central bank's monetary policy committee (MPC) late on Mon ...

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IT spends on WFH infra increases by 27% p.a.
06 Oct

As enterprises battle pandemic-induced challenges to arm the remote workforce with secure devices and collaborative solutions for maximum productivity ...

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SC tells govt. – Big borrowers also need relief
06 Oct

The government’s readiness to foot the bill of something like Rs 7,000 crore to compensate banks for waiving the interest on interest accrued during t ...

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Framing of rules for 3 labour codes to begin shortly
06 Oct

Labour ministry will soon kick-start the process of framing rules for the three labour codes passed by the Parliament recently, labour minister Santos ...

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Indian rush make the Pension fund AUMs rise over 18% in first half year
06 Oct

Pension funds’ assets grew more than 18% between in the September half year belying fears that job losses and pay cuts could lessen retirement contrib ...

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Credit Card Users to gain most from waiver of “Interest on Interest
05 Oct

The government’s decision to waive “interest on interest” during the March-August loan moratorium period will benefit all individuals with loans up to ...

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Tata Sons may buy out Air Asia JV
05 Oct

Tata Sons, which has a 51 percent holding in AirAsia India, may buy the balance 49 percent stake in the budget airline from the parent Malaysian compa ...

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Government unlikely to opt for traditional stimulus but will focus on specific sectors
05 Oct

The government is unlikely to opt for a traditional stimulus to boost economic activity and will instead focus on specific sectors through schemes suc ...

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Resident Welfare Associations told not to hinder delivery of newspapers
05 Oct

Home delivery of newspapers is an essential service that should not be hindered as they ensure people have access to authentic information, said the U ...

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Subsidies won’t help India become globally competitive
05 Oct

Giving subsidies and tax breaks are not the answer to improve India’s global competitiveness and increase exports, Commerce and Industry Minister Piyu ...

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Banks feel relieved as Govt. to bear loss due to interest waiver
05 Oct

The government’s proposal to pick up the tab for the waiver of 'interest on interest' on loans of up to Rs 2 crore clears the uncertainty over bank ea ...

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Global stocks drop after Trump tests positive for coronavirus
03 Oct

Global markets dropped on October 2 after US President Donald Trump said that he and the first lady had tested positive for the coronavirus. On Wall S ...

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SBI hires CFO from outside of bank for the first time
03 Oct

State Bank of India (SBI) has appointed Charanjit Attra, a consultant with EY, as its chief financial officer (CFO). This is the first time that the b ...

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Restrictions on tyre imports from China to push sales in domestic industry
03 Oct

Automotive Tyre Manufacturers Association (ATMA) on Wednesday said restrictions on import of tyres will pave the way for increased domestic production ...

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Government plans to list LIC abroad to attract global investors
03 Oct

The government is evaluating the option for an overseas listing of Life Insurance Corporation (LIC), the country’s largest insurer, in what many belie ...

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Smaller brands may be forced to import fully built mobile devices, after latest BCD levy
03 Oct

Smaller smartphone brands may resort to importing completely built devices instead of assembling in India, as the aggregate duty on components has bec ...

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Moratorium ends, lenders begin repossession, defaulters may lose their vehicles
03 Oct

As the moratorium on loan repayment ends, the used car market is expected to see a flood of vehicles seized by lenders from defaulters. Banks and non ...

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Diligent borrowers need to be kept away from credit flow-slowing loan waiver politics
03 Oct

When the Mazdoor Mukti Morcha of Punjab began holding rallies on the banks of the Sutlej to force lenders to go easy on borrowers unable to repay thei ...

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Manufacturing activity expands at fastest pace in over 8 years
02 Oct

Activity in manufacturing sector rose at its fastest pace in more than eight years on the back of robust new orders as the economy opened for business ...

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With 10% duty on display and touch panels, phones to cost more
02 Oct

Smartphones and feature phones sold by Samsung, Apple, Vivo, Xiaomi, Oppo and RealMe will cost more as the government has imposed a 10% import duty on ...

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Increase in demand due to festive season is reviving auto sales
02 Oct

Festive cheer is fuelling a comeback for the auto industry. As the economy struggles amid the coronavirus-driven slowdown, the car and two-wheeler ind ...

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IBC changed attitude of debtors and creditors: CAG
02 Oct

The Insolvency and Bankruptcy Code (IBC) has nudged the behaviours of debtors and creditors and this has resulted in substantial recoveries for credit ...

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Micro Enterprises benefited most from government’s Emergency Credit Line Guarantee Scheme
02 Oct

Micro enterprises have been the largest beneficiaries of the government’s Emergency Credit Line Guarantee Scheme (ECLGS) with most loans being granted ...

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License requirements may become mandatory on toy imports from March
02 Oct

India could introduce a phased license regime among other non tariff barriers on imported toys from March next year as the government wants the domest ...

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Govt to fall short of divestment target, to borrow Rs. 12 lakh crore
01 Oct

The government on September 30 acknowledged for the first time that it will fall short of the disinvestment target as it deferred the BPCL bid su ...

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Core sector shrinks for sixth month in row
01 Oct

Output from the country’s core sectors contracted for the sixth consecutive month in August as the pace of decline accelerated, dragged down by a cont ...

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Current Account surplus jumps to $ 20 billion, due to a collapse in imports
01 Oct

The country’s current account surplus jumped to an all-time high of $19.8 billion (3.9% of GDP) for the April-June period, the first quarter of FY21, ...

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China's factory activity accelerates on overseas demand
01 Oct

China's factory activity extended solid growth in September, twin surveys showed, as the nation's crucial exports engine revved up on improving overse ...

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Companies Fresh Start Scheme 2020 Extended Until 31 December 2020
01 Oct

The Ministry of Corporate Affairs (MCA) has decided to continue providing the opportunity of doing business with ease for a longer period. That is the ...

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Indians cut down on alcohol and cigarettes as pandemic limiting extra expenses
01 Oct

Indians have significantly cut down on their spending on alcohol and cigarettes since the Covid 19 pandemic as they remain cautious on discretionary e ...

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CBDT extends deadline for filing belated, revised ITRs for AY 2019-20 to November 30
01 Oct

The Central Board of Direct Taxes (CBDT) on September 30 extended the deadline for filing belated and revised ITRs for Assessment Year 2019-20 from Se ...

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Forensic Audit information to Stock Exchanges must: SEBI
30 Oct

Markets regulator Sebi on September 29 made it mandatory for all listed entities to disclose to the stock exchanges any forensic audit that a company ...

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Reliance Jio to PMO: Poor services due to delay in spectrum sale
30 Oct

Reliance Jio, the country’s largest telecom operator, has written to the Prime Minister’s Office (PMO) and the telecom ministry, alleging that “vested ...

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No need for e-pay gateway to deduct tax if e-commerce platform does it
30 Oct

The income tax (I-T) department on Tuesday evening said payment gateways facilitating e-commerce transactions don’t need to deduct taxes if the e-comm ...

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E-tailers and logistics companies may hire 1.5 lakh seasonal workers for festive sales
30 Oct

With consumer demand expected to surge for e-commerce in the festive sales, top e-tailers and logistics platforms are cumulatively expected to create ...

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Government is said to consider selling 25% stake in LIC
30 Oct

India is planning to seek cabinet’s approval to sell 25% stake in the nation’s largest life insurer, people with knowledge of the matter said, as Prim ...

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Govt looking at various ways to provide support to economy; needs a holistic approach
30 Oct

Finance Minister Nirmala Sitharaman said there is a need to have a "holistic" approach to handling the economy instead of a "silo-based and myopic app ...

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Small business owners, entrepreneurs opting for virtual office
30 Oct

Virtual office services, offered by co-working operators, have reported a 50% jump in demand after many small business owners and newly minted entrepr ...

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RBI postpones Monetary Policy Committee meeting in absence of new members
29 Oct

The Reserve Bank of India (RBI) on Monday said that the three-day monetary policy committee (MPC) meeting scheduled to commence from September 29 to r ...

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Decision in 2-3 days over interest on deferred instalments by banks, Centre tells SC
29 Oct

The Centre informed the Supreme Court on Monday that a decision is likely in 2-3 days over charging of interest by banks on instalments which were def ...

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3 member panel comprising of Laxmi Vilas Bank directors is working on right issue
29 Oct

The three-member committee comprising Lakshmi Vilas Bank (LVB) directors is working on a rights issue, which is expected in a couple of months, while ...

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SBI cuts auto loan rates, offers special rates for loans using bank's mobile app
29 Oct

Ahead of the festival season, State Bank of India (SBI) has announced rate cuts and fee waivers on various consumer loans. Interest rates on car and p ...

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Income tax department to seek Attorney General’s views on Vodafone ruling
29 Oct

The income tax department will seek the Attorney General’s opinion on what course it should take after having lost the retrospective tax arbitration c ...

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Indian cos with foreign units fear domestic tax implications
29 Oct

Many Indian companies with foreign subsidiaries whose directors or senior executives are stranded in India due to the pandemic are now worried that th ...

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Govt. saves 50% of the funds allocated for PMKVY, despite achieving 93% target
29 Oct

The government has saved half the funds allocated to its flagship skilling programme, despite achieving 93% of the target of skilling 10 million youth ...

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RBI may push Laxmi Vilas Bank to merge
28 Oct

The unprecedented move by shareholders of Lakshmi Vilas Bank (LVB) to oust an RBI-approved CEO and directors is likely to result in the banking regula ...

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Deposit-credit gap widens by Rs 8.2 lakh crore so far in FY21
28 Oct

Bank credit growth continues to lag with loans outstanding yet to reach end-March 2020 levels even as deposits continue to surge, growing 5% during th ...

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Government yet to name nominees of Monetary Policy Committee panel
28 Oct

Typically, it is the Reserve Bank of India (RBI) governor who is at the centre of attention ahead of the Monetary Policy Committee (MPC) meeting. But ...

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Reliance Jio to bring cheap android smartphone; may shake up smartphone industry
28 Oct

With an eye on entering mobile manufacturing, Reliance Industries may acquire United Telelinks or forge a contract-manufacturing deal, sources said. Q ...

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Saffron prices down 15% due to high imports, weak demand
28 Oct

The price of saffron has fallen 15% in the past two months because of higher imports from Iran and weak demand. It is currently being quoted at Rs 130 ...

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CII seeks changes in RBI directive on opening of current accounts
28 Oct

The Confederation of Indian Industry (CII) has urged the Reserve Bank of India (RBI) for a relook on its last month's circular on opening of current a ...

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RBI unlikely to change repo rate in October bi-monthly policy review
28 Oct

India’s central bank is unlikely to change the benchmark lending rate in its October bi-monthly policy review, which will be analysed threadbare by in ...

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Vodafone wins Rs 20,000 crore arbitration against India
26 Oct

Global telecom giant Vodafone has won a long-pending arbitration against India with the Permanent Court of Arbitration in Hague ruling that income tax ...

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CAG red flags govt's strategic sale of one PSU to another
26 Oct

The Comptroller and Auditor General (CAG) has red flagged the government’s “disinvestment” programme involving the “strategic sale” of one public sect ...

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Premium on cyber insurance rose by 20%
26 Oct

Premium on cyber insurance covers has risen by nearly 20% for corporates, as insurers see a surge in cyberattacks and higher claims arising out of suc ...

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Telcos avoid Chinese companies as preferred partners for 5G trials
26 Oct

Vodafone Idea has joined Reliance Jio Infocomm, Bharti Airtel and state-run Bharat Sanchar Nigam Ltd (BSNL) in naming European and American equipment ...

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PSU Banks on-board, 1-crore account holders on digital payment mode in a month
26 Oct

The finance ministry on September 25 said that public sector banks have on-boarded about one crore customers on digital payment modes in just one mont ...

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Solar manufacturers asked for list of goods for exemption from basic customs duty
26 Oct

The Ministry of New and Renewable Energy (MNRE) has issued a notification asking solar PV manufacturers and associations to provide the list of machin ...

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Government operationalises 'Faceless Income Tax Appeals' system
26 Oct

The government on September 25 issued a notification operationalising 'Faceless Income Tax Appeals' system which seeks to honour honest taxpayers of t ...

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Tata group and Jubilant Food Works eye CCD's vending business
25 Oct

Tata Group, India’s biggest conglomerate, and Jubilant Food-Works (which owns the franchise for Domino’s and Dunkin’ Donuts in India), are weighing a ...

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Government to extend IBC suspension by another 3 months
25 Oct

The government has extended the suspension of insolvency proceedings for any COVID-19 related default by a period of three months, effective from Sept ...

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Chinese car company plans to up investment in India by Rs.1 Lakh crore
25 Oct

Unfazed by the anti-China sentiment, MG Motor has said that it will approach the department for promotion of industry and internal trade (DPIIT) to ma ...

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Businesses welcomed but trade unions protest against controversial labour reforms
25 Oct

Business groups on September 24 welcomed contentious and long-delayed labour reforms passed by the Parliament this week, aimed at making hiring and fi ...

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RBI focuses on cyber security for co-operative banks
25 Oct

The Reserve Bank of India (RBI) has come out with a cybersecurity framework for urban co-operative banks (UCBs). The move comes a week after the Lok S ...

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Health industry to help center to realise health insurance plans for middle class
25 Oct

The health insurance industry is looking at ways to implement the government's ambitious 'Missing Middle' universal health project that aims to cover ...

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State Transport Authorities invite banks, payment companies etc. to adopt contactless solutions
25 Oct

Across India, state transport authorities are inviting banks, fintech companies, card networks and payment service providers to replace their traditio ...

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Parliament passes Labour Bills, making it easier for employers to hire and fire
24 Oct

Parliament on Wednesday passed the three key labour reform bills that will provide greater flexibility to employers to hire and fire while ensuring so ...

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Parliament passes Bilateral Netting of Qualified Financial Contracts Bill
24 Oct

Finance minister Nirmala Sitharaman said the Bilateral Netting of Qualified Financial Contracts Bill would have a huge bearing on the stability of the ...

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CAG slams French companies for not fulfilling Rafale offset terms
24 Oct

French firms Dassault Aviation and MBDA, the main companies in the Rs. 59,000 crore contract for 36 Rafale fighters inked in September 2016, have been ...

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KKR to buy 1.3% stake in Reliance Retail for Rs. 5,500 crore
24 Oct

After Silver Lake invested in Reliance Retail Ventures (RRVL), fellow private equity fund KKR too has decided to back India’s largest retailer. The US ...

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Takeaway is now up to 30% of food companies sale
24 Oct

The takeaway business, which accounted for a small fraction of sales before the pandemic, has emerged as one of the fastest growing sales channels for ...

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Move to BS4 emission norms likely to shrink premium tractor segment
24 Oct

With tractors in the 50 horsepower (HP) and above range set to migrate to BS4 emission norms from October 2021, higher HP and more premium segment in ...

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With festive season launches, auto companies eye growth
24 Oct

As the festive season sets in, auto companies have commenced launches in a bid to lure buyers. On September 23, Mercedes-Benz India drove in the Rs 1. ...

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SC restrains Shapoorji Pallonji Group from pledging shares of Tata Sons
23 Oct

The Supreme Court on Tuesday restrained Shapoorji Pallonji Group from pledging or transferring its shares in Tata Sons to raise money from the market, ...

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Reserve Bank of India may not push to pursue suggestions for monetisation of deficit
23 Oct

The Reserve Bank of India may not be keen on pursuing suggestions for monetisation of deficit, a proposal that is being pushed by a section of policy ...

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Only Rs. 2 Lakh Crore corporate loans may be restructured: SBI
23 Oct

State Bank of India (SBI) chairman Rajnish Kumar has said he does not expect the value of bank loans to corporates that come up for restructuring to e ...

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Home loan enquiries exceed last year's level
23 Oct

The strict lockdown in the first quarter of the current fiscal resulted in creating pent-up demand for home and auto loans, which is finding expressio ...

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India Inc seeks emergency credit line extension for stressed companies
23 Oct

India Inc has made a strong pitch to extend the emergency credit line guarantee scheme (ECGLS) to stressed sectors while allowing alternate investment ...

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Delhi HC stays tax assessment proceedings against Tiger Global on Flipkart-Walmart deal
23 Oct

The Delhi High Court granted a stay against initiation of assessment proceedings by tax authorities into sale of Tiger Global’s 17% stake in Flipkart ...

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Parliament clears banking regulation bill to bring co-operative banks under RBI
23 Oct

The Rajya Sabha on Tuesday passed the Banking Regulation (Amendment) Bill, 2020, that aims to bring co-operative banks under the regulatory framework ...

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Digital payment firms join Paytm in fight against Trai, telcos over financial frauds
23 Oct

Homegrown digital payments majors such as PhonePe, Mobikwik, Infibeam Avenues, among others, have joined Paytm in criticising the telecom regulator an ...

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SBI Loan Restructuring: SBI Offers Up To 2 Years Repayment Relief For Home & Retail Loans
22 Oct

State Bank of India will provide relief to home and retail loan borrowers impacted by Covid-19 in the form of either a moratorium of up to 24 months o ...

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China increases prices of main drug ingredients
22 Oct

At a time the drug industry is grappling with the coronavirus pandemic, India’s pharmaceutical companies are likely to confront a new challenge as Chi ...

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Tiger Global moves HC against AAR order on Flipcart Tax ruling
22 Oct

New York-based private equity (PE) investor Tiger Global on Monday moved the Delhi High Court against the quasi-judicial body ruling. The ruling in Ju ...

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Rajan, Acharya suggest scrapping of Financial Services Dept in FinMin for PSBs' independence
22 Oct

Former RBI Governor Raghuram Rajan on Monday suggested that the government should privatise select public sector banks, set up a bad bank to deal with ...

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Economic Activity improves to Pre-Lockdown Levels
22 Oct

Economic activity improved further in the week ended on 20.09.20 climbing almost to the levels just before India went into lockdown on March 25. The N ...

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Govt hikes Rabi MSPs in advance amid farmer stir
22 Oct

The Cabinet Committee on Economic Affairs (CCEA) on Monday approved 2-6% increases in the minimum support prices (MSP) for the 2020-21 Rabi season. Ev ...

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IPO rush returns as quality companies come up with offers at attractive prices
21 Oct

After a relative lull of five months, companies are rushing in to go public with the stock market witnessing low volatility, which is conducive for fu ...

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Govt to impose 5% import duty on TV panels from Oct 1, 2020
21 Oct

Government will impose a 5% customs duty on imports of open cell for televisions from October 1, 2020, as the government seeks to increase local manuf ...

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Google has different rules for itself, says Paytm
21 Oct

Following the high drama between Paytm and Google on Friday, the Noida-based mobile payments company on Sunday evening accused Google of having a diff ...

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Khadi Village Industries Commission distributes Cycle-mounted Tea/Coffee Units to unemployed
21 Oct

In its sustained efforts to create local self-employments to strengthen “Aatmanirbhar Bharat Abhiyan”, Khadi and Village Industries Commission (KVIC) ...

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ED tells SC about suspicious transactions between JSW steel and BPSL
21 Oct

The Enforcement Directorate (ED) has cited suspicious transactions between JSW Steel and Bhushan Power and Steel (BPSL), in its latest filing before t ...

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Cautious independent directors ringfence assets; transfer to trusts, relatives
21 Oct

Several independent directors have begun ring fencing their assets by transferring titles to trusts or family members to safeguard their interests in ...

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CII survey finds business sentiment bounce-back between July and September as restrictions eased
21 Oct

Business sentiment has bounced back between July and September as India gradually lifted restrictions imposed due to the outbreak of Covid-19, a confe ...

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High drama evolves as Google removes Paytm from play store, then brings it back.
19 Oct

High drama unfolded on Friday afternoon as search engine giant Google removed mobile payment application Paytm from its Play Store, citing breach of i ...

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Procurement norms tightened to control imports
19 Oct

The government on Friday further tightened public procurement norms to allow ministries to mandate over 50% local content, while also insisting that o ...

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TRAI seeks transparency in mobile tariffs for benefit of consumers
19 Oct

In a consumer-friendly measure, telecom regulator Trai has stepped in to drive transparency and accountability in mobile tariffs, making it contingent ...

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Cheap oil is helping government battle Covid tensions
19 Oct

The historic oil price crash in April and a protracted spell of subdued market reduced India’s oil import bill since January by 40%, giving the cash-s ...

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Government proposes to cap surcharge on dividend income for FPIs
19 Oct

India has proposed to cap the surcharge levied on the dividend income of foreign portfolio investors (FPIs) that use a trust structure at 15% against ...

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RBI refuses to let ARCs bid for insolvent assets
19 Oct

The Reserve Bank of India has refused to let asset reconstruction companies act as resolution applicants in insolvency cases, a stance that could halt ...

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Haryana Rera: Lender needs 2/3rd buyers’ nod to auction project
19 Oct

If a developer fails to repay loans, resulting in the project being taken over by the lender – bank or any other financial institution – the lender wi ...

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Importers must prove 35% value addition in origin country to get FTA benefits
19 Oct

Importers will have to provide proof of 35% value addition of goods imported through free trade agreements (FTA) to customs authorities, failing which ...

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Advisor suggested 4 sale options for winding up Air India
18 Oct

The transaction adviser for Air India’s divestment has suggested four options to the government regarding the struggling airline’s future that range f ...

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Shapoorji Pallonji (SP) Group has served a notice for damages on Tata Sons
18 Oct

Shapoorji Pallonji (SP) Group has slapped a notice for damages on Tata Sons board members over its move to block the group from pledging its 18.4% sta ...

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Happiest Minds IPO oversubscribed, promoter Ashok Soota makes Rs. 2.4k crore
18 Oct

The price of the Happiest Minds stock soared on debut on the stock exchange on Thursday and made promoter Ashok Soota wealthier by over Rs 2,300 crore ...

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IRDAI to standardise insurance covers
18 Oct

The Insurance Regulatory and Development Authority of India (IRDAI) has said that the insurance industry needs to operate in a counter-cyclical manner ...

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6 Million white collar professionals lost jobs during May-August: CMIE
18 Oct

Almost six million white-collar workers, including engineers, physicians, teachers, accountants and analysts, lost their jobs between May and August, ...

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DoT yet to take call on upfront payment for 4G spectrum sale
18 Oct

The telecom department is yet to decide if upfront payment should be collected from mobile phone companies that buy 4G spectrum in the next auction, g ...

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India extends quality norms enforcement deadline for domestic toy industry to Jan 2021
17 Oct

In a relief to India’s toy industry, the government on Wednesday extended the enforcement of compulsory certification by the Bureau of Indian Standard ...

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Petrol sales back to pre-Covid level in September
17 Oct

Petrol sales have fully recovered to pre-Covid level and diesel is down just about 6% in the first half of September from a year earlier, signalling p ...

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RBI governor Shaktikanta Das dashes hopes of V-shaped economic recovery
17 Oct

Reserve Bank of India (RBI) governor Shaktikanta Das on Monday squashed expectations of a V-shaped recovery and called for a policy focus on increasin ...

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Need 1 more year to settle Sterling dues, says Shapoorji Pallonji (SP) Group
17 Oct

Exactly 10 days after Tata Sons moved the Supreme Court to stop estranged minority shareholder Shapoorji Pallonji (SP) Group from pledging its shares, ...

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Lok Sabha passes bill to bring co-operative banks under RBI supervision
17 Oct

Protecting depositors’ interests, the Lok Sabha on Wednesday passed the Banking Regulation (Amendment) Bill, 2020, to bring co-operative banks under t ...

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Facebook launches programmes for small businesses in India
17 Oct

Facebook on Tuesday announced its small business grant programme for India. Part of the company’s $100 million global grant for small businesses, Face ...

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Flipkart integrates Paytm's e-wallet on its platform
17 Oct

In a surprising move, Flipkart has started integrating Paytm's e-wallet on its platform even as it continues to compete with its unit PhonePe for the ...

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Toyota suspends launch of new car, blames prohibitive tax rates
16 Oct

Japanese auto major Toyota is suspending plans to launch new cars in India and is also putting a halt to fresh factory investments as it blames “prohi ...

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Exports drop for sixth consecutive month in August
16 Oct

The country’s exports contracted for the sixth consecutive month in August, dragged down by a decline in shipments of petroleum, leather, engineering ...

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Exchange Traded Funds (ETFs) jump 26 times in 5 years
16 Oct

There has been a 26-fold rise in assets under management (AUM) of exchange-traded funds (ETFs) in a little over five years to more than Rs 2 lakh cror ...

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Govt to take steps to stop misuse of Free Trade Agreements (FTAs)
16 Oct

The customs department will be keeping a close eye on imports of items such as mobiles, white goods, set-top boxes, agarbattis, cameras and other elec ...

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The recovery in air traffic is slower in India than other parts of Asia
16 Oct

The recovery in air traffic in India has been slower than in other parts of Asia and Europe.While traffic in China has almost reached 90 per cent of p ...

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DoT to seek legal view on payment of first AGR portion
16 Oct

The Department of Telecommunications (DoT) is likely to seek legal opinion from the solicitor general on whether telcos need to make an upfront paymen ...

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Some lenders to Kishore Biyani, invoked pledges to take equity stake in Future Group firms
16 Oct

Some of the lenders to Kishore Biyani such as PE funds, Apollo Global Management, AION and Blackstone, along with RBL Bank and Axis Finance have recen ...

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Dream11's valuation to get double to $2.5 billion
15 Oct

New York-based investment firm Tiger Global Management, along with private equity majors ChrysCapital, TPG and Footpath Ventures, have bought about 10 ...

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Government seeks approval for Rs 2.4 lakh crore extra spending
15 Oct

Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for extra spending of Rs 2.4 lakh crore, out of which the cash outgo totale ...

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Retail infaltion at 6.7% in August, above RBI's comfort level
15 Oct

Retail inflation remained above the central bank’s comfort level for the fifth consecutive month in August, and held near the previous month’s level a ...

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No proposal for raising FII limit in Public Sector Banks to 49% from 20%
15 Oct

There is no proposal for raising Foreign Institutional Investment (FII) ceiling in public sector banks to 49% from 20% for capital mobilization, Minis ...

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Mistry Group within its rights to pledge shares of Tata Sons
15 Oct

The Mistry Group said it has every right to pledge its shares of Tata Sons, pointing out that the company’s articles of association do not restrict th ...

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Oil fell to near $37 a barrel with demand in focus
15 Oct

Oil fell to near $37 a barrel in New York while a slew of downbeat predictions from OPEC to BP plc reinforced concerns that a resurgent pandemic is pr ...

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RBI asks banks to fully automate NPA recognition process
15 Oct

The Reserve Bank of India (RBI) on Monday asked banks to put in place and upgrade their systems and ensure automation of non-performing asset (NPA) id ...

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Income per household nearly doubles to Rs 1,400 a month under MNREGS
15 Oct

Income per household under the scheme of Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) has nearly doubled to Rs 1400 per ...

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Shift in spending from credit to debit cards due to lockdown
14 Oct

There has been a shift in spending from credit cards to debit cards during the first quarter of the current fiscal as Indians held back on discretiona ...

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Sebi clarifies mutual funds free to choose route to comply with revised norms
14 Oct

Markets regulator Sebi on Sunday evening said it was open to discussions with the mutual fund (MF) industry for a smooth transition for multi-cap fund ...

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TVs may cost more from October as import duty on open cell panels ceases
14 Oct

Television prices could go up from October as the 5% import duty concession on open cell panels, which was offered last year, ceases at the end of thi ...

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Loan restructuring to hit private lenders' exclusive deals with borrowers
14 Oct

Smarter banks fear that the straightjacket one-time loan restructuring (OTR) framework would kill the exclusive deals they have cut with borrowers. So ...

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Move to cap incentives may impact about 700 exporters
14 Oct

Around 700 exporters of engineering items, automobiles, chemicals, pharmaceuticals, oil and gas, and textiles are likely to get impacted by the govern ...

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Tata Motors to cut mid-term capex by Rs 50,000 crores to achieve zero debt target
14 Oct

Tata Motors may slash more than Rs 50,000 crore from the previously estimated capital expenditure over three years at the Jaguar Land Rover unit and I ...

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Railways boosts vehicles loading to raise modal freight share
14 Oct

Indian Railways has seen a significant increase in automobile loading over the last few months after it started working on opening new avenues for boo ...

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India's industrial output contracts at a lower pace in July
12 Oct

India’s industrial production contracted by 10.4% in July, a slower pace than the 16.6% contraction witnessed in the previous month, suggesting that e ...

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Multi cap mutual funds to hold 25% each in large, mid and small stocks: SEBI
12 Oct

Multi-cap mutual funds, in which fund managers currently have the liberty to take a call on stocks of their choice across market capitalisation spectr ...

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Gold ETFs record inflow of Rs 908 crore in August, for fifth month in a row
12 Oct

Gold ETFs witnessed an inflow of Rs 908 crore in August, for fifth month in a row, amid major economies staring at recession due to the spread of coro ...

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India passenger vehicle sales up 14% in August, two-wheeler sales rose 3%
12 Oct

After a long period of witnessing negative growth across segments, there is finally some good news for the automobile industry. According to the month ...

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Tata Sons moves SC to stop Mistrys from raising funds on Tata shares
12 Oct

Tata Sons Ltd on 5 September moved an ‘urgent’ application before the Supreme Court to restrain the Shapoorji Pallonji Group promoters from raising ca ...

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TV advertisements volume rise as festive season kicks in and lockdown eases
12 Oct

TV broadcasters who reported a major drop in advertising revenues during the last quarter are witnessing a surge in advertising volumes and are gearin ...

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Zomato plans IPO in 2021, ex-staff get $30 million cashout
11 Oct

Online restaurant discovery platform Zomato has started preparations to go for an initial public offering (IPO) in 2021, making it the first among Ind ...

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RIL becomes 1st Indian company to hit $200 billion market capitalization
11 Oct

Reliance Industries (RIL) on Thursday became the first Indian company to cross the $200-billion market capitalisation mark after its stock surged over ...

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Ratings agency Crisil forecasts sharper GDP fall of 9% in FY21
11 Oct

Ratings agency Crisil on Thursday forecast a sharper contraction for India’s GDP in 2020-21, estimating that it will decline by 9%, higher than its ea ...

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Govt sets up committee to study on interest relief on bank loans
11 Oct

The government on Thursday set up a threemember panel to make an assessment of the issue of relief sought in terms of waiver of interest on interest a ...

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Car sales grow in double digits during festive season
11 Oct

The festive season of FY21 has got off to a good start with the 15 days of Ganesh Chaturthi and Onam witnessing a strong double digit growth of over 1 ...

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Shareholders getting more say in CEO remuneration at India Inc.
11 Oct

From  promoter executives of companies to professional CEOs, salaries of senior management at India Inc are undergoing changes to better reflect ...

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Department for Promotion of Industry and Internal Trade reviews 11 Acts under its ambit
11 Oct

India could introduce hefty monetary penalties instead of imprisonment for many violations under 11 laws including the Patents Act, Copyright Act and ...

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Govt may tighten norms for TV imports to boost India-made Television sets
10 Oct

The government plans to restrict the number of television sets that companies can import to India in a year to boost local manufaturing, a move that's ...

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Indian luxury car market may register a record 40% decline in 2020
10 Oct

The Indian car market may be witnessing a sharp turnaround, driven by strong demand for entry-level models, but the story isn’t pretty when it comes t ...

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India's sugar exports will rise 50% to a record level of 5.7 million tonne this month
10 Oct

India’s sugar exports will rise 50% to a record of over 5.7 million tonnes in the season ending this month, helped by the depreciated rupee, subsidy a ...

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EPFO to pay interest in two instalments of 8.15% & 0.35%
10 Oct

The central board of the Employees’ Provident Fund Organisation (EPFO) on Wednesday said it will pay 8.5% interest to its subscribers for the year end ...

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PE fund Silver Lake buys 1.8% stake in Reliance retail for Rs 7,500 crore
10 Oct

Private equity firm Silver Lake will pay Rs 7,500 crore (just over $1 billion) to acquire a 1.8% stake in the retail business of billionaire Mukesh Am ...

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FM launches PSU banks’ doorstep service
10 Oct

Union finance and corporate affairs minister Nirmala Sitharaman on Wednesday launched the doorstep banking service of state-run banks, which is expect ...

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Exports rise 13% in 1st week of September, railway freight up 10%
10 Oct

India’s exports have increased 13% during the first week of September, while railway freight loading is around 10% higher, indicating signs of a picku ...

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PowerGrid to monetise 5 units worth Rs. 7000 Crore
09 Oct

The Cabinet Committee on Economic Affairs has allowed Power Grid Corporation of India Limited (POWERGRID) to undertake monetization of its Tariff Base ...

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Silver Lake invests $500 million in India's Byju's at a valuation of $11 billion
09 Oct

Private equity giant Silver Lake led a $500 million funding round for Byju’s that valued the Indian online education platform at around $10.8 billion, ...

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Companies can now hold their FY20 Annual General Meeting by Dec 31: MCA
09 Oct

In a major relief for corporates, the Ministry of Corporate Affairs (MCA) has extended the deadline to hold Annual General Meeting (AGM) for the finan ...

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Fitch and Goldman Sachs estimates shrinking of GDP by double digits
09 Oct

Global ratings agency Fitch on Tuesday sharply revised its forecast for India's GDP growth, estimating that it will contract 10.5% in 2020-21, while G ...

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Top 5 PSU oil companies to join International Solar Alliance (ISA) as corporate members
09 Oct

Five Public Sector Undertakings (PSUs) under the Ministry of Petroleum & Natural Gas will be joining International Solar Alliance (ISA)’s Coalitio ...

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Fitch expects Jio and airtel to grow as Dues payment in 10 years not enough to aid Voda Idea
09 Oct

The Supreme Court's decision to allow telcos to pay outstanding dues over 10 years will not be enough to help Vodafone Idea to stabilise its position, ...

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Need for regulation on data handling by law enforcement agencies
09 Oct

Nasscom has called for limiting the scope of decryption of data on mobile phones in possession of the law enforcement agencies.In a discussion paper o ...

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RBI accepts Kamath committee report on relief to 26 sectors
08 Oct

Companies in sectors such as retail and wholesale trade, textiles and engineering, which were repaying loans before the Covid crisis, can look forward ...

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NBFCs request FM to ease loan restructuring eligibility rules for small companies
08 Oct

MUMBAI: Non-banking finance companies (NBFCs) have petitioned the finance minister to relax norms and allow restructuring for all standard loan accoun ...

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Need to hike rates to cover higher costs says Voda Idea
08 Oct

Vodafone Idea, the country’s third-biggest mobile operator, has said that mobile tariffs have become “unsustainable” and need to be raised immediately ...

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Harley Davisdson likely to enter into partnership with Hero Moto
08 Oct

It could be a Hero and Harley Davidson partnership in India as the American cult bike maker re-orients its India strategy and looks at a “strong, cred ...

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Foreign Portfolio Investors may be allowed to buy bad loans directly
08 Oct

Foreign Portfolio Investors (FPIs) may soon be able to directly acquire bad loans being sold by banks and other lenders. The Securities and Exchange B ...

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Auto Industry see 10% reduction in skilled workers as migrant workers left due to pandemic
08 Oct

The automobile distribution industry has seen a 10% decline in manpower owing to skilled workers going back to their villages following the outbreak o ...

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Tata Motors DVR rallies as promoters acquire over half a crore shares
08 Oct

Tata Motors DVR (differential voting rights) stock gained 10.5 per cent on Monday taking the total gain in a month to 51 per cent compared with the 26 ...

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Government to align agriculture with changing climate and rainfall patterns
08 Oct

The government plans to review crop planting across the country to align agricultural planning with changes in climate and rainfall patterns.The focus ...

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RBI norms may exclude several companies from loan recast scheme
07 Oct

The RBI’s norms on corporate loan restructuring are likely to exclude a large number of companies as bankers expect advances worth only Rs 2-3 lakh cr ...

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Affordable housing: Major driver of home loan growth for HDFC
07 Oct

Affordable housing has emerged as a major driver of home loan growth for HDFC. The country’s largest housing finance company has disbursed over 50,000 ...

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SBI Moots VRS Scheme To Optimise Costs, About 30,000 Employees Eligible
07 Oct

In a bid to optimise its costs, State Bank of India has planned a voluntary retirement scheme under which about 30,190 employees are eligible. Total e ...

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Govt panel clears $100-billion mobile export proposals from global manufacturers
07 Oct

Applications by iPhone contract makers Foxconn, Pegatron and Wistron as well as Samsung, Karbonn, Lava and Dixon to export mobile phones worth around ...

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Rating companies in a dilemma over action on loan default before rejig approval
07 Oct

As Corporate India and banks prepare to rejig loans and stay afloat, credit rating agencies are caught in a Catch-22 situation.In the absence of any r ...

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Banks gear up for due diligence before loan recast programme
07 Oct

Lenders preparing to implement a loan restructuring programme for companies hit by the Covid-19 pandemic are conducting a detailed study of cash flows ...

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Retailers adopt just-in-time strategy for the festive season
07 Oct

Retailers in India from Benetton and Spencer’s Retail to Puma and Godrej Appliances have adopted a just-in-time strategy for the festive season, a dep ...

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Exports, imports doing well, export benefit cap to not affect 98% exporters: Piyush Goyal
05 Oct

Commerce and industry minister Piyush Goyal said that India’s exports and imports are doing well, and the capping of export incentives under the Merch ...

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Retailers plan to set up their own online stores
05 Oct

More offline garment, footwear and other retailers are looking to set up their own online storefronts and logistics for online deliveries, according t ...

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RBI reconstructs rules for priority sector loans, adds startups
05 Oct

The RBI has overhauled its priority sector lending (PSL) norms to boost fund flows to districts that have been excluded and has doubled its limit for ...

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Government may hike import duty on car assembly kits
05 Oct

In a move seen as a protectionist measure, the government on Friday said that import duty on cars and completely- and semi-knocked down assemblies (CK ...

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Strict lockdown led to steep contraction of economy: FinMin report
05 Oct

The finance ministry on Friday said the country is witnessing a V-shaped economic recovery and attributed the steep 23.9 per cent contraction of the e ...

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Government tells ministries to check non-priority spends
05 Oct

The government on Friday unveiled a fresh set of austerity measures, urging ministries and departments to curb non-priority expenditure at a time when ...

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High-end residential sales witness relatively better grip in last two months
05 Oct

Sales of luxury real estate, properties worth Rs 1 crore and more, appear to have seen better traction than other segments in the last two months as t ...

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Kamath committee identifies six problem industries on loan restructuring
04 Oct

The KV Kamath committee, set to submit its report on loan restructuring to the Reserve Bank of India (RBI) on 04.09.2020, is said to have identified s ...

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Voda Idea likely to raise $1.5 billion via equity
04 Oct

Vodafone Idea is considering raising $1-1.5 billion initially through equity and is in talks with local and overseas investment bankers for running th ...

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India's services activity shrinks for sixth consecutive month, but pace of decline slows
04 Oct

Services activity in India contracted for the sixth consecutive month in August though the pace of decline slowed as some firms gradually resumed oper ...

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No loan to be termed NPA till new orders, says Supreme Court
04 Oct

In a major relief to individual and commercial borrowers, the Supreme Court on Thursday asked banks not to declare any loan account as non-performing ...

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FM tells banks to frame loan recast scheme for all viable units by Sept 15
04 Oct

Finance Minister Nirmala Sitharaman on September 03 told banks to put in place by September 15 loan restructuring schemes to rescue all viable busines ...

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SoftBank likely to consider bid for TikTok in India
04 Oct

SoftBank Group is exploring assembling a group of bidders for TikTok’s India assets and has been actively looking for local partners, according to peo ...

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Boom time for textile industry as garment companies shift orders from China to India
04 Oct

India is emerging as one of the preferred destination for International garment companies to shift their base from China.The international garment fir ...

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Adani group plans to raise $1 billion via sale of equity
03 Oct

The Adani group is planning to raise at least $1 Billion through the sale of equity to fund the takeover of two Mumbai airports from the GVK group, sa ...

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Auto segment leaders plan to raise the production over next few months
03 Oct

Maruti Suzuki, Hero MotoCorp and Mahindra & Mahindra, No. 1 in cars, two wheelers and tractors, repectively, are planning to surge in production o ...

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Prime Minister’s new regime for businesses looks to lighten compliance burden
03 Oct

Prime Minister Narenda Modi has identified anonymous or ‘faceless’ inspections, an extended validity period for licences or automatic renewals, and lo ...

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Industries request SC to direct Centre and RBI to lower interest rate
03 Oct

Finding that it would be difficult to get waiver of interest, or even interest on interest, on loans during the six month moratorium period, various i ...

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Abundant cash in the system and rate cuts lead FCI to borrow at under 4.6%
03 Oct

Abundant cash in the system and repeated rate cuts have proved to be a bonanza for Food Corporation of India (FCI), which is in the market to raise Rs ...

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India ranked in top 50 nations in the Global Innovation Index 2020
03 Oct

India climbed four spots on the Global Innovation Index 2020 and is now at 48th position in the list of top 50 innovative countries in the World Intel ...

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Bharatpe displays 'Indian' tag, challanging Paytm, Phonepe, implying its the only Indian company
03 Oct

There is a full-blown fight among India’s leading digital payments firms over which is a more “Indian” product, with the matter now reaching the RBI. ...

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CBDT permits sharing of taxpayers' information by Income Tax authorities with scheduled commercial banks
02 Oct

The Central Board of Direct Taxes has permitted sharing of information by income tax authorities with scheduled commercial banks."In pursuance of sub- ...

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India to release forensic accounting and investigation standards
02 Oct

India will soon come up with forensic accounting and investigation standards (FAIS) as it aims to set basic quality parameters for conducting investig ...

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HSBC's brokerage division values zomato at $5 billion
02 Oct

HSBC International Analysis has valued on-line meals supply platform Zomato at $5 billion, a major upside to the valuation throughout its earlier fund ...

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Supreme Court gives telecom companies 10 years to pay Rs 1.4 lakh crore dues to government
02 Oct

The Supreme Court on Tuesday granted telecom companies 10 years to clear AGR (adjusted gross revenue) dues of around Rs 1.43 lakh crore to the Centre, ...

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Remaining tenure of loan can be extended by 2 yrs: Govt tells SC
02 Oct

The Centre has told the Supreme Court that RBI has asked banks to provide relief to borrowers by extending the residual tenure of loan by up to two ye ...

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Festive season hopefulness stimulates car, two-wheeler sales
02 Oct

Car and two-wheeler companies started stocking up for the festive period as wholesale deliveries to dealerships in August beat the numbers achieved in ...

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Petrol demand at 92% of last year's consumption
02 Oct

India’s fuel demand has started crawling up after faltering in July, with petrol consumption reaching nearly 92% of the year-ago period but diesel con ...

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Manufacturing sector rebounded after four months of contraction
02 Oct

Activity in the country’s manufacturing sector rebounded in August after four months of contraction, led by an increase in new orders, a survey showed ...

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RBI may propose amendments to SARFAESI Act to bridge regulation gap with IBC for ARCs
01 Oct

The Reserve Bank of India may propose amendments to the Sarfaesi Act to allow asset reconstruction companies (ARCs) to bid for bankrupt companies and ...

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Small borrowers may get principal payment relief as part of one-time restructuring of loans
01 Oct

Banks and shadow lenders may offer a six-month moratorium on principal repayments for retail and MSME borrowers as part of the one-time restructuring ...

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RBI announced fresh liquidity measures and eases mark-to-market rules to calm investors
01 Oct

The Reserve Bank of India (RBI) announced fresh liquidity measures and a relaxation in mark-to-market rules to help calm investor nerves as a sudden s ...

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Core sectors like steel, cement etc. decline for 5th month in July at 9.6%
01 Oct

The eight core sectors contracted for the fifth month in a row in July, dragged down by a sharp contraction in steel, cement, refinery products and na ...

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Fiscal deficit covers full year Budget estimate within four months of Financial Year
01 Oct

The Centre’s fiscal deficit topped the full year estimate within four months of the financial year, indicating the stress on government finances and t ...

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India's Q1 GDP shrinks 23.9%, worst fall since 1996
01 Oct

India’s economy posted its steepest contraction on record in the April-June quarter of the current fiscal year as the strict lockdowns imposed to ward ...

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Minimal user charges to be levied at redeveloped stations, says Rail Board Chief
31 Oct

User charges will be levied for those boarding trains from redeveloped railway stations, much like the user development fee charged at airports, but t ...

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SBI seeks to invoke Rs. 3000 crore personal guaratnees of Atul Punj, Punj Lloyd's founder
31 Oct

After Anil Ambani, its now the turn of Atul Punj. State Bank of India is seeking to invoke personal guarantees worth Rs. 3000 crore that it claims Pun ...

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ASEAN agrees to review trade pact with India
31 Oct

After months of inaction and the government’s threat to pull out of the Comprehensive Economic Cooperation Agreement (CECA) with Asean, members of the ...

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Govt may run export scheme till December with more checks
31 Oct

In a bid to supply reduction to lakhs of exporters, the Piyush Goyal-led commerce ministry has instructed contemporary steps at hand out export incent ...

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Income Tax Department warns banks of penalty for charging fee on UPI payments
31 Oct

The income tax department on Sunday hit out at banks levying fee on electronic transactions or payments via tools such as UPI, warning them of penal a ...

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All sales staff can now work from home permanently: RPG Enterprises
31 Oct

In a breakaway from traditional norms, RPG Enterprises has become the first Indian diversified conglomerate to do a permanent reset in its workplace p ...

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RBI’s benchmark auction sees record Rs 18,000 crore devolvement
29 Oct

The Reserve Bank of India (RBI) could not find buyers of sovereign bonds for a record amount of benchmark debt at reasonable rates on Friday, signalin ...

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Govt will work tirelessly to ensure efficient norms for MSMEs, startups and entrepreneurs: Kant
29 Oct

The government will continue to work tirelessly to ensure efficient and effective norms for MSMEs, businesses, startups and entrepreneurs and make Ind ...

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Passenger vehicle sales to register double digit growth, first time in 26 months
29 Oct

The passenger vehicle sales is set to register its first year-on-year double digit growth in 26 months as the low base of last year catches up even as ...

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World Bank pauses publication of Doing Business Report over data issues
29 Oct

The World Bank has paused its much-talked about Doing Business publication due to alleged irregularities in its 2018 and 2019 reports. These two repor ...

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After public sector banks reforms, govt set to overhaul PSU appointments
29 Oct

After the reforms at state-run banks, the government is set to overhaul the appointments of public sector chiefs and functional directors and is looki ...

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RBI lift Rupee to 6 month high against the dollar
29 Oct

Record foreign fund buying in equities, with the RBI now remaining on the sidelines in the foreign exchange market, boosted the rupee on Friday to a s ...

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PSBs to monitor cases where insolvency proceedings can be initiated against personal guarantors
28 Oct

The Finance Ministry has asked public sector banks to monitor cases where insolvency proceedings could be initiated against individuals who are guaran ...

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SBI to meet RBI officials on dismissal of UVARCL's bid for Aircel
28 Oct

State Bank of India (SBI) has sought an urgent meeting with the Reserve Bank of India (RBI) to try and sort out the regulator’s objections to the part ...

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Supreme Court reserves verdict on review petition filed by Vijay Mallya in 2017 contempt case
28 Oct

The Supreme Court on Wednesday reserved its order on a petition filed by fugitive businessman Vijay Mallya seeking review of a 2017 order that held hi ...

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RBI governer asks banks to shed their extereme risk aversion in lending
28 Oct

Reserve Bank of India (RBI) governor Shaktikanta Das has called upon banks to shed their extreme risk aversion in lending and to focus on risk managem ...

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Bankers warn over negative returns on deposit accounts
28 Oct

Banks have raised an alarm over real returns on deposit accounts turning negative with the rise in inflation numbers. The concern is that with deposit ...

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Delhi HC stays insolvency resolution proceedings against Anil Ambani
28 Oct

The Delhi High Court Thursday put on hold the insolvency resolution process (IRP) proceedings against Reliance Communications (RCom) Chairman Anil Amb ...

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SC asked centre not to hide behind RBI and clarify their stand on loan moratorium for interest waiver
27 Oct

Pulling up the Centre for “hiding behind the Reserve Bank of India” (RBI), the Supreme Court on Wednesday asked it to clarify its stand within a week ...

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Gujarat tops niti aayog's export preparedness index 2020
27 Oct

Gujarat has topped the Niti Aayog's Export Preparedness Index 2020 followed by Maharashtra and Tamil Nadu in the second and third place respectively, ...

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Political tension with China hits India’s toy-making plans
27 Oct

India’s aspiration to indigenise toy manufacturing may not be easy to realise if the political tensions with China persist.It will prevent partnership ...

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Insurers cannot reject motor claims for not holding valid PUC certificate: IRDAI
27 Oct

IRDAI, the insurance regulator clarified that a motor insurance company cannot deny any claim for not holding a valid PUC or Pollution Under Control c ...

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ARC's cannot infuse equity in Insolvent company at resolution stage: RBI
27 Oct

UV Asset Reconstruction Company's (UVARCL) resolution proposal for bankrupt Aircel, cleared by the Insolvency Tribunal, was rejected by the Reserve Ba ...

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Need framework to tackle digital payment frauds: DSCI-PayPal India report
27 Oct

The growing adoption of digital payments in the country, especially during the Covid-19 pandemic, has necessitated the need for a comprehensive framew ...

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India's GDP growth could drop to -15.2% from 3.1% in Q1: Nomura
27 Oct

India was likely to see its lowest point of growth this year during the April-June quarter at -15.2%, according to a Nomura report on Wednesday.The Ja ...

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Indian economy will take long time to recover, warns RBI
26 Oct

The Reserve Bank of India (RBI) on Tuesday said that Covid-19 had caused a severe shock to consumption, which will take a long time to recover, and it ...

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Banking frauds rose more than 2.5 times by value in FY20
26 Oct

The value of money involved in banking-related frauds in India rose more than two and half times to Rs 1.9 lakh crore in fiscal 2020 from about Rs 71, ...

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Shareholders questioned Tata Motors for decline in investor wealth
26 Oct

Shareholders of Tata Motors lashed out at the company’s leadership at the annual general meeting on Tuesday for denying them dividends and questioned ...

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Accenture to lay off thousands of low performing employees in India
26 Oct

Several thousand Accenture employees in India are likely to be asked to go after the conclusion of the appraisal cycle that is underway. Accenture has ...

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Jack Ma's Ant Group to re-evaluate Zomato investment due to FDI changes
26 Oct

Chinese billionaire Jack Ma’s Ant Group has said recent changes in foreign direct investment (FDI) by the Indian government has led the financial tech ...

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Cash in circulation goes up by 10% in India since lockdown
26 Oct

The pandemic has triggered a ‘dash to cash’ with many households hoarding bank notes. This has resulted in the currency to GDP ratio increasing to pre ...

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RBI to conduct study on large value frauds to identify reporting delays
26 Oct

The Reserve Bank of India (RBI) is set to conduct a study on afew large instances of fraud to pinpoint the reasons behind the delay in identifying the ...

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Banks need to shed risk aversion and boost up capital position: RBI
26 Oct

Indian banks have to shed their risk aversion to ensure adquate flow of credit to productive sectors and also shore up their capital position to deal ...

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RBI rejects plan to sell Aircel assets to UVARCL
26 Oct

The Reserve Bank of India (RBI) has rejected the insolvency tribunal approved plan for selling Aircel's assets to UV Asset Reconstruction Company Ltd. ...

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RBI pushes lenders to raise funds to support possible build up of bad debts
25 Oct

The Reserve Bank of India (RBI) is pushing banks and non-bank finance companies (NBFCs) to raise capital to brace for a possible pile-up in bad debt i ...

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Pvt banks slap fees on use of UPI over 20 times a month
25 Oct

All the large private banks have introduced charges, ranging from Rs 2.5 to Rs 5, on person-to-person payments using the Unified Payments Interface (U ...

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Sovereign wealth funds (SWFs) invested in realty 65% down in first 7 months
25 Oct

The COVID-19 pandemic has forced sovereign wealth funds to think the previously unthinkable.With prime office blocks lying empty around the world, hot ...

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Engineering, healthcare jobs show better pick up, says latest data
25 Oct

The number of job postings in India has increased in all industries, while engineering and healthcare have shown the best recovery so far, shows data ...

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May cancel spectrum licenses if telcos are not ready to pay AGR dues, says Supreme Court
25 Oct

The Supreme Court on Monday said it may order cancellation of spectrum allocation if telecom companies are not ready to pay the AGR-related dues owed ...

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Vodafone Idea, Airtel likely to get show cause notices from TRAI
25 Oct

The Telecom Regulatory Authority of India (Trai) is set to issue show-cause notices this week to Vodafone Idea and Bharti Airtel, asking them why it s ...

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Delhi High Court stays personal insolvency proceedings against Delhi businessman
25 Oct

At a time when big business owners such as Anil Ambani and Venugopal Dhoot are trying to defend their family assets from getting ttached as lenders st ...

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New Rules of origin may raise compliance burden for Indian businesses
25 Oct

Indian businesses depending on imports under free trade agreements (FTAs) will now closely look into their supplier’s manufacturing process and ensure ...

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Passenger vehicle sales likely to crash
24 Oct

The auto industry has pressed the panic button and said that sales will be in a free-fall this fiscal due to the impact of coronavirus and economic sl ...

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Govt frames norms for enforcement of ‘rules of origin’ for imports under FTAs
24 Oct

The government has come out with norms for the enforcement of ‘rules of origin’ provisions for allowing preferential rate of customs duties on product ...

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Vodafone Idea to pay accrued interest on loan after moratorium ends
24 Oct

Stressed telecom major Vodafone Idea may pay interest dues of around Rs 500 crore to lenders in the December quarter.The company has informed lenders ...

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16,487 nos. 7 year high Company incorporations in July 2020
24 Oct

In one of the clearest signs of a pick-up in business sentiment, company incorporations touched a seven-year high of 16,487 in July, or over 530 a day ...

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Indian solar projects hit as Chinese solar gear prices rise
24 Oct

Prices of Chinese solar modules have increased for the first time since 2017, making Indian developers apprehensive about returns on their projects be ...

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Most of the Indian women having H-4 visa are professionally qualified and working in USA
24 Oct

US president Donald Trump has been attempting to stop work permits for spouses of those on H-1B visas. It won’t be easy. But were he to succeed, the o ...

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Migrant Power Economy But Local Quotas Curb Job Mobility
22 Oct

As efforts are made to bring the millions of migrant workers back to factories that power our economy, the paradox of states putting up policy picke ...

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Don’t Wait For Kamath Report To Rejig Loans: RBI To Banks
22 Oct

Reserve Bank of India governor Shaktikanta Das has said banks are expected to come up with board-approved restructuring plans for Covid-affected bus ...

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Supreme Court Seeks Details Of Spectrum Sharing, Trading
22 Oct

The Supreme Court on Friday directed the department of telecommunication (DoT) to provide details of spectrum-sharing and trading among telecom comp ...

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NCLT Will Check Plea Against Anil Ambani
22 Oct

Mr. Ambani had given a personal guarantee to the loans given by SBI to RCom and Reliance Infratel in August 2016. The NCLT in its order on Augus ...

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Govt To Study Auto Supply Chain To Boost Localisation
22 Oct

The government has sought detailed information from automobile manufacturers on investments in the country, industry imports and localisation levels ...

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RBI's Monetary Policy Committee (MPC) feared broader inflation
21 Oct

Fear of inflation dominated the monetary policy committee (MPC) meeting of the RBI on August 6. Members said supply disruption was pushing up prices e ...

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Shareholders question management of Tata Steel on UK unit
21 Oct

Several shareholders of Tata Steel on Thursday questioned the management, led by chairman N Chandrasekaran, on the future of its unprofitable UK unit ...

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Govt plans further stake sale in IRCTC, invites bids from merchant bankers
21 Oct

The government is planning to sell part of its stake in Indian Railway Catering and Tourism Corp (IRCTC) in the current fiscal, and has invited bids f ...

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Trai paper seeks listing of actual broadband speeds
21 Oct

At a time when corona-hit businesses are running through work-from-home (WFH) mode and internet has become the backbone of the economy, education and ...

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Govt's AGR dues may be wiped out in IBC process if spectrum were to be sold: SC
21 Oct

The Supreme Court expressed concern over how statutory adjusted gross revenue (AGR) dues of bankrupt telecom companies would be recovered if their spe ...

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MCA initiates single online compliance famework for Indian Companies
21 Oct

The government is looking to develop a single online compliance framework for India Inc to enable companies to comply with different regulatory requir ...

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Niti Aayog fast-tracks improvement of poverty index to rank states
20 Oct

The Niti Aayog has fasttracked the event of India’s personal poverty index to rank states on measures they’ve adopted to drag folks out of poverty.The ...

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Govt to lease out 3 airports via Public-Private Partnership (PPP)
20 Oct

The Central government on Wednesday cleared the award of airports at Jaipur, Thiruvananthapuram and Guwahati for redevelopment to Adani Enterprises Lt ...

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Health cover becomes top segment in general insurance due to Covid-19 pandemic
20 Oct

The Covid-19 pandemic has provided a booster shot to the health insurance business in the country. With 130 new products launched in four months, the ...

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No divestment yet against target of ₹2.1L cr for 2020-21
20 Oct

Almost five months into the financial year, the department of investment and public asset management (Dipam) is yet to open its account, although it i ...

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Internet Explorer’s nearing end signals govt must modernise
20 Oct

Microsoft’s Internet Explorer (IE), which once was the world's most popular browser — it had a peak market share of 95% in 2003 — will soon become his ...

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Food delivery services like Zomato, Swiggy regain 80% of pre-Covid sales: Survey
20 Oct

India’s online food delivery industry has recovered 75-80% of its pre-Covid sales. However, dining-in at restaurants is still at just 8-10%, according ...

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Govt provides further liquidity to power discoms by easing working capital norms
20 Oct

The government has taken further steps to address liquidity issues affecting the discoms during Covid-19 pandemic.It approved a special liquidity faci ...

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5 million salaried Indians lost their jobs in July 2020
19 Oct

Five million salaried people lost their jobs in July, the Centre for Monitoring India Economy said. "17.7 million salaried jobs were lost in April 202 ...

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ADB approves $1 billion loan for construction of Delhi-Meerut rapid transit system
19 Oct

The Asian Development Bank (ADB) has approved a $1 billion loan to support construction of the modern, high-speed Delhi–Meerut Regional Rapid Transit ...

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Bankruptcy law helps settle over 9650 cases with 3.7 lakh crore claim
19 Oct

The fear of the bankruptcy action has helped settle over 9,650 cases involving claims of around Rs 3.7 lakh crore, with companies and their promoters ...

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China’s central bank buys 0.006% stake in ICICI Bank through QIP
19 Oct

The People’s Bank of China (PBoC) has made a quiet entry into ICICI Bank as a shareholder. Earlier, its disclosure about having an over 1% stake in ho ...

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Jio says that it will pay only its share in RCom’s spectrum dues
19 Oct

The recovery of adjusted gross revenue (AGR) dues of the insolvent telecom operators like Reliance Communications and Aircel has got more complex as t ...

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Indiabulls to sell Real Estate business To Embassy, Blackstone In Share-Swap Deal
19 Oct

Indiabulls Housing Finance Ltd. agreed to exit the real estate business in a deal with Embassy Group and private equity firm Blackstone nearly three m ...

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Axis bank plans to hire gig workers
19 Oct

The ‘Future of work’ — one of the most discussed topics at any HR conference — is already here. In a significant departure from conventional corporate ...

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Q1 GDP contraction may be lower than expected: SBI
18 Oct

The contraction of first quarter GDP growth is likely to be much narrower than previously estimated, an SBI report said on Monday, but cautioned that ...

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SC asks about disppearing of RCom's asstes in 2 years
18 Oct

As the net worth of Anil Ambani-led RCom nosedived from over Rs 37,000 crore to around Rs 10,000 crore in the last two years, the Supreme Court on Mon ...

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Hiring in India recovered from lows of April: Study
18 Oct

Overall hiring in India has recovered from the lows of April with software engineers, business development and sales managers being among the jobs wit ...

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CarDekho enters into franchise biz model, launches first exclusive store in Jaipur
18 Oct

Automobile portal CarDekho on Monday announced its entry in the certified pre-owned car market through a franchise business model with the launch of t ...

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Govt eases credit guarantee scheme norms for stressed NBFCs
18 Oct

With a view to provide additional liquidity to crisis-ridden NBFCs and housing finance companies (HFCs), the government on Monday relaxed norms for Pa ...

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Lightspeed raises $275 million for third India fund
18 Oct

Lightspeed Venture Partners, an early backer of prominent startups such as Byju's, Oyo and Udaan, has raised $275 million for its third India-focussed ...

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Power ministry asks industry to replace the items being imported
18 Oct

The power ministry has dialled domestic manufacturers, including majors such as L&T and state run BHEL, for launching a phased manufacturing progr ...

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Loan tenure may be extended to 2 more years due to Covid
17 Oct

Lenders, including SBI, are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two year ...

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Salary components may be taxed during work from home
17 Oct

As professionals work from home, salary components such as conveyance allowance can no longer be tax-free, and given the spread of the pandemic, one m ...

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Reliance Industries may buy Urban Ladder, Milkbasket to boost e-tail
17 Oct

Reliance Industries (RIL) is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket as it looks to strengthen i ...

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General insurance business at pre-Covid levels in July
17 Oct

The general insurance industry has posted yearover-year growth of 18% to Rs 17,011 crore in July, compared to the year-ago period. The industry has se ...

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Labour codes empower states to change their labour law framework
17 Oct

States will be able introduce significant changes to their labour law framework, such as allowing retrenchment of workers, sans a legislative amendmen ...

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Diesel sales drop 19% while petrol recovers 2% in first half of August compared to previous month
17 Oct

Diesel sales dropped by a fifth in the first half of August compared with a month ago, signalling extended regional lockdowns, sluggish economic recov ...

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1.6 crore new debit cards issued by banks during peak lockdown
17 Oct

Indian banks issued more than 16 million new debit cards during the peak months of the lockdown amid an increased demand by customers for contactless ...

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PM Modi to launch new scheme to reward honest taxpayers
13 Oct

Prime Minister Narendra Modi is set to unveil the much-awaited scheme to reward honest taxpayers on Thursday.While the government has for long talked ...

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Banks told to be ready with lists of borrowers for loan recast
13 Oct

Banks have been advised to be ready with the list of borrowers who will be eligible for one-time debt restructuring under a special window opened by t ...

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Mediclaims from non-covid hospitals grow rapidly
13 Oct

After a four-month lull, insurance claims for hospitalisation are gathering pace, for both Covid as well as non-Covid treatments. While the number of ...

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Reversing trend: Jobs in Indian companies attract resumes from abroad
13 Oct

When TeamLease Services lately marketed for a gap in a advertising and marketing function on the recruitment firm, it was stunned to obtain a response ...

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Guarantee scheme eases NBFC loan distress
13 Oct

A massive government-cum-Reserve Bank of India effort to increase loan flow to low-rated non-bank lenders appears to be paying off. Public sector bank ...

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To bring investors in, Govt may ease exit clause in highways sector
13 Oct

India could ease the exit clause in the highways sector for investors who want to sell them off after completion of construction.Looking to draw inves ...

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Sale of small diesel cars and sedan fallen to 1.8% during April-July
11 Oct

The Indian car buyer does not want to buy diesel-powered vehicles anymore. The share of diesel variants in sale of small cars and sedans has fallen to ...

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Govt may allow co-operative banks to lend under MSME Emergency Credit Guarantee Scheme
11 Oct

The government is looking to make urban co-operative banks eligible to lend under the Rs 3 lakh crore emergency credit line guarantee scheme (ECLGS) f ...

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Scope of Gratuity can be widened to include contract, seasonal and gig workers
11 Oct

The labour ministry may widen the scope of gratuity to include contract workers, gig workers, seasonal workers and fixed-term employees by reducing th ...

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Equity Mutual Funds see first monthly outflow in July after 4 years
11 Oct

Equity mutual funds witnessed the first month of net outflows in July after four years as jittery investors preferred to stay in cash after the sharp ...

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ICICI launches Rs 15,000 Cr QIP issue, whereas Indigo to raise upto Rs. 4,000 Cr.
11 Oct

Leading private sector lender ICICI Bank on Monday evening said it was launching a qualified institution placement (QIP) issue to raise up to Rs 15,00 ...

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Imports from China: Govt thinks of duty hike on textiles, cameras, laptop etc.
11 Oct

The government is considering increasing customs duty on close to 20 product segments including laptops, cameras, textiles and aluminum goods, while p ...

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Banks differ with sbi on inter-creditor pact for lending to companies battling the pandemic
11 Oct

Banks are struggling to create a common pact for lending to companies that will need funds to grow, rejig their loans, and battle the slowdown wrecked ...

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India bans import of 101 defence items
10 Oct

To make the Indian defence industry self-reliant and boost indigenisation, the Ministry of Defence banned the import of 101 items on Sunday.The MoD ha ...

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India lacks in ease of doing business: Volkswagen
10 Oct

Because it traces up a recent Rs 8,000-crore funding for India, German auto big Volkswagen Group has mentioned that it isn’t simple to do enterprise i ...

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China not the most competitive producer in 82% imports: Study
10 Oct

A product was thought-about delicate if China accounted for over 10% share of imports or if the worth of shipments was $50 million or extra. ‘Such exp ...

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Blackstone, a US based private equity firm, to buy malls and business parks of Prestige Estates
10 Oct

Prestige Estates is in talks with the US-based private equity firm Blackstone to sell a big portion of its commercial office portfolio and some malls ...

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RBI Directions: Banks in dilemma over Current Account restraint
10 Oct

The RBI's stringent restrictions on the opening of corporate current accounts are likely to hit foreign and private sector banks. These banks may have ...

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States ready with land parcel data to woo investors
10 Oct

The government’s move to keep land parcels ready for investors to quickly decide on investment destinations is expected to begin in close to half-a-do ...

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RBI formed committee led by KV Kamath to work out loan recast details
08 Oct

The Reserve Bank of India (RBI) on Friday announced the names of the members, for the committee constituted under the chairmanship of K.V. Kamath to m ...

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Radio Mirchi revenue falls 72%, but market share rises to 33%
08 Oct

Entertainment Network (India) Ltd, or ENIL, the operator of India’s No.1 FM radio channel Radio Mirchi, on Friday posted a total revenue of Rs 37 cror ...

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Indian smartphone market crashes by 51% due to supply chain distress
08 Oct

The coronavirus induced lockdown and subsequent crunch in parts supplies from China due to border tensions saw the Indian smartphone market contract b ...

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Microsoft-TikTok deal may not be taxed in India
08 Oct

Any acquisition by microsoft of TikTok that includes the video streaming app's India business is unlikely to incur tax locally, said officials and exp ...

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Oil Trades below $42 with US, increasing China's tension
08 Oct

Oil in New York fell as US President Donald Trump’s latest attack on Chinese tech companies stoked tensions between the two countries, weighing on ris ...

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Trump's order to buy US made medicines may hurt India's Pharmaceutical companies
08 Oct

US President Donald Trump’s order directing his government to increase procurement of indigenously-manufactured essential medicines, could hurt Indian ...

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Big private equities to buy malls and launch Real Estate Investment Trusts (REITs)
08 Oct

Blackstone Group Inc. and Brookfield Asset Management Inc. are among private equity firms looking to buy stakes in Indian malls hit by the coronavirus ...

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RBI opens one-time window to recast loans
07 Oct

For the first time since the 2008 financial crisis, the Reserve Bank of India on Thursday announced an across-the-board loan restructuring scheme that ...

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RBI keeps rates unchanged due to inflationary pressure
07 Oct

The Reserve Bank of India (RBI) on Thursday left interest rates unchanged but promised to continue with the accommodative stance as long as it is nece ...

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Details of high value cheques can be sent through image to bank
07 Oct

Account-holders will soon be able to send to their bank the details of a high-value cheque they issue to third parties, which will enable safer and fa ...

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Borrowers can get loan of up to 90% of value of gold
07 Oct

Borrowers can now pledge gold jewellery and ornaments in the banks and get loans of up to 90 per cent of its value, the Reserve Bank of India has said ...

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Vodafone-Idea Q1 losses at Rs 25,460 crore on provisioning for statutory dues
07 Oct

India's third-largest telecom operator Vodafone Idea on Thursday reported a sharp rise in its losses to Rs 25,460 crore for the April-June quarter of ...

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Aadhaar Card’s use widened further
07 Oct

The Centre may allow Aadhaar authentication on a voluntary basis for delivery of social welfare benefits by government entities in order to ensure goo ...

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NCLAT sets aside bid for Ricoh India
07 Oct

The National Company Law Appellate Tribunal (NCLAT), New Delhi, has set aside the approval given to investor Kalpraj Dharamshi and Rekha Jhunjhunwala ...

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Logistics firms optimise costs among payment delays
07 Oct

Logistics companies are grappling with payment delays from cash-strapped customers as well as higher costs due to increase in diesel prices, shortage ...

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Affordable housing, rural lending get Rs 10,000 crore facility by RBI
07 Oct

A new Rs 10,000-crore facility the central bank has offered to the National Bank for Agriculture and Rural Development (Nabard) and the National Housi ...

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As outsourcing increases IT firms may hire over 1 lakh people
07 Oct

India’s top IT companies will hire more than 1,00,000 employees remotely or locally. This major move has been taken to strengthen the team of the comp ...

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Gold's demand increases amid uncertainty
06 Oct

As central banks across the world continue to infuse money into the system to insulate their economies from the impact of a Covid-induced slowdown, in ...

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Covid health insurance claims near 1 lakh as private treatment grows
06 Oct

Health insurance claims related to Covid-19 are inching owards the one-lakh mark, with the value of the claims at around Rs 1,400 crore. Even as Mumba ...

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Uber’s business is seeing very slow recovery among all major markets
06 Oct

Uber’s ride-hailing business is seeing the slowest recovery in India compared to other large markets like the US and Brazil, both of which even have m ...

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Low threshold for beneficial owner under the new FDI rule
06 Oct

India may prescribe a low threshold for beneficial ownership under the foreign direct investment (FDI) policy, which was recently amended to require p ...

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Companies take steps to help employees in work-life balance
06 Oct

The adoption of work from home (WFH) has allowed companies to skirt the Covid-19 threat to offices but, as the practice has dragged on for four months ...

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Domestic air traffic revival fails to meet expectations
06 Oct

If you expect India's aviation industry to take off immediately, you'd be considered rather optimistic. That's because airlines are not flying as ofte ...

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NCLT to take call on RCom's Resolution Plan
06 Oct

The NCLT has said it will take up the Resolution Plan of Reliance Infratel on August 10 and those of Reliance Communications (RCom) and Reliance Telec ...

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Social security schemes may soon cover gig workers too
06 Oct

The labour ministry may soon include gig workers under the existing social security schemes of the government, which would make them eligible for pens ...

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HDFC Bank: Sashidhar Jagdishan to succeed Aditya Puri as CEO
05 Oct

Sashidhar Jagdishan is set to head HDFC Bank after Aditya Puri, managing director and CEO, steps down in late October. Jagdishan, 55, is currently Gro ...

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TDSAT rejects TRAI plea on not mentioning Jio Plaint
05 Oct

The Telecom Dispute Settlement & Appellate Tribunal (TDSAT) has rejected the telecom regulator's plea to change its interim order to note that its ...

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Companies making Covid-19 vaccine upset over lack of norms
05 Oct

Even as the indian drug regulators are pushing the domestic manufacturers to expidite clinical trials to produce Covid-19 vaccine swiftly, the vaccine ...

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Browser offered by Xiaomi on its phones banned by government
05 Oct

The government has banned the browser offered on smartphones made by Xiaomi, widening the action against Chinese companies operating in India.The acti ...

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Worst seems over, economy recovering, says govt
05 Oct

India is well on the path to recovery from a trough in April, supported by proactive government and central bank policies, a finance ministry report s ...

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NBFC plans of Mauritius-funded startups blocked by RBI
05 Oct

Indian startups will have to wait longer to own their non-banking financial company (NBFC) licence since the RBI has returned the applications of seve ...

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Sales of large capacity appliances rise upto 70% in July
05 Oct

Kolkata: Sales of large capacity refrigerators, washing machines, microwave ovens and large screen televisions have risen 40-70% on-year in July, as u ...

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Premature to predict demand in near term, but in-home consumption picking up: Coca-Cola
05 Oct

Beverage maker Coca-Cola said it is premature to predict consumer demand in the near immediate term and upcoming festive season, though it is seeing g ...

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Biyani’s personal debt final item in $3bn RIL-Future deal
04 Oct

Negotiations over resolving the personal debt of Kishore Biyani, amounting to about Rs 2,000 crore, is one of the final key items as the deal between ...

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Tractor industry grows 35% in July
04 Oct

Tractor sales in the country have clocked over 35% year-on-year growth in July on the back of robust agricultural activities.
Top manufacturers lik ...

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India blocks top Chinese apps Baidu, Weibo, to be taken off from app stores
04 Oct

Baidu Search and Weibo, among the most influential apps of China and dubbed as the country’s answer to Google search and Twitter respectively, have be ...

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Real-time monitoring of Rs 1 lakh crore Agriculture Infrastructure fund in works
04 Oct

The government plans to review its newly launched Rs 1 lakh crore Agri Infrastructure Fund (AIF) after the disbursement of Rs 20,000 crore.“The scheme ...

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Tata Capital picks up 0.85% stake in Biocon Biologics for $30 million
01 Oct

Tata Capital will invest Rs 225 crore or $30 million for a 0.85 per cent stake in Biocon's biosimilar business Biocon Biologics, valuing the company a ...

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India reviews continuation of trade pact with Asean
01 Oct

The government is reviewing the continuation of the free trade agreement (FTA) with Asean in the wake of the trading bloc’s reluctance to address Indi ...

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Telecom sector needs to focus on security, self reliance: PM Modi
01 Oct

Prime Minister Narendra Modi Friday said that time had come to focus on self-reliance and security in the telecom sector, highlighting an issue which ...

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Core sector contraction further slows in June, only fertiliser sector shows growth
01 Oct

Aided by the relaxation in lockdown restrictions, India’s infrastructure sector contracted at a slower pace in June compared to May. However, barring ...

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Govt may hike import duty on bulk drugs
01 Oct

The government is considering increasing the import duty on active pharmaceutical ingredients (APIs) to 20-25% from the current 10%, to help boost loc ...

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TV imports licensed by Govt to support local production
31 Oct

In a move aimed at promoting domestic manufacturing, the government on Thursday decided to license the import of fully-built televisions sets by putti ...

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RIL Quarter 1 profit rises to 31%
31 Oct

Reliance Industries saw its first quarter profit rise 31% to Rs. 13,248 Crore on the back of the gain it made from sale of its 49% stake in the petro ...

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Government may expand small business loan coverage
31 Oct

Amid complaints of exclusion, the government is looking to expand the coverage of the guarantee-based loans for small businesses. The sanctioned limit ...

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HDFC Quarter 1 net profit falls 5% to Rs. 3052 Crore
31 Oct

Mortgage lender HDFC on Thursday said its net profit fell 4.7 per cent to Rs 3,052 crore for June quarter compared with Rs 3,203 crore in the same qua ...

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MCA notifies investigation rules for cases against NCLT judges
31 Oct

The ministry of corporate affairs has notified rules for investigating complaints against judges of the National Company Law Tribunal (NCLT) and the N ...

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Sellers flag amazon's data policy, say company is pushing in-house brands
31 Oct

Third-party sellers have demanded transparency from e-commerce company Amazon on its data practices as well as alleged preferential treatment for in-h ...

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Demand from semi-urban India fires up Auto Sectors engines
31 Oct

Robust demand from Bihar, West Bengal, Jharkhand, Madhya Pradesh, Haryana and Himachal Pradesh is bolstering the restoration for India’s main carmaker ...

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Airtel Q1 loss widens to Rs 15,933 crore on AGR woes
30 Oct

Bharti Airtel went deeper into the red as its losses in first quarter of FY21 widened to Rs 15,933 crore due to provisioning made towards the SC-manda ...

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Review MEIS benefits to support other promising business’
30 Oct

The department of revenue has asked its commerce counterpart to review the coverage of export incentive scheme MEIS (Merchandise Export from India Sch ...

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Fund bankable projects without any fear, PM tells bankers
30 Oct

Prime Minister Narendra Modi urged the country’s top lenders to fund bankable projects, undeterred by the non-performing assets (NPAs) generated in th ...

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Maruti posts first loss since IPO
30 Oct

Maruti Suzuki reported its first loss since it became a listed entity in 2003 as lockdown and other restrictions crippled sales and production for the ...

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88% of workers in India prefer work from home
30 Oct

 As high as 88% of the workforce in India prefer to have the flexibility of working from home and 69% believe their productivity has increased wh ...

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IFIN: NFRA slaps ₹15-lakh fine, five-year ban on Deloitte partner Baid
30 Oct

This is third disciplinary action in IL&FS Financial Services matter by the audit regulator in last 10 daysAudit regulator NFRA has slapped a fine ...

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PM to meet top bankers today, discuss credit flow
29 Oct

Worried over the flow of credit to the corporate sector and small businesses, Prime Minister Narendra Modi will brainstorm with the country’s top bank ...

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TikTok to government: Ready to store data locally
29 Oct

TikTok, is understood to have told the government that the company is ready to set up data centres in India to store user information locally even as ...

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Local spirits cos offer country liquor in paperboard cartons
29 Oct

The negative impact of Covid-19 on the Indian spirits industry has forced major local players to introduce country liquor in paperboard cartons. Launc ...

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Flipkart to offer 90-minute deliveries in India
29 Oct

Flipkart said it plans to offer 90-minute deliveries for groceries and home accessories, as the Walmart-owned online retailer goes head to head with A ...

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Govt caps export sops under MEIS at Rs 9,000 crore for April-December
29 Oct

The revenue-starved finance ministry has asked the commerce ministry to limit benefits under the flagship Merchandise Exports from India Scheme (MEIS) ...

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Global liquidity glut, Covid cloud push up metal prices
28 Oct

An unprecedented amount of funds being infused by central banks around the world is driving metal prices up. Gold is now at an all-time peak, silver’s ...

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RBI guv remains non-committal on moratorium
28 Oct

Reserve Bank of India (RBI) governor Shaktikanta Das remained non-committal on both moratorium and a loan-restructuring scheme despite conflicting dem ...

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InCred kicks off talks to merge with KKR’s NBFC
28 Oct

Global alternatives assets major KKR is in advanced discussions to merge its corporate lending unit KKR India Financial Services with InCred Finance, ...

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Covid-19: IndiGo to deepen pay cuts for senior staff, pilots by 15-35%
28 Oct

IndiGo, which carries one in every two domestic air passengers, has deepened pay cuts for its senior employees and pilots by another 15-35%. This come ...

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Government needs to recap PSU banks: Fin panel chief
28 Oct

The 15th Finance Commission chief N K Singh  underlined the need for a significant government outlay for recapitalisation of public sector banks ...

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Trai's new tariff order: Around 100 TV channels may shut if new order applied
27 Oct

TV broadcasters are in a tizzy these days. An order from the Telecom Regulatory (TRAI) has troubled them. TRAI has instructed them to follow the new t ...

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RIL inches closer to buying Future Group’s retail biz
27 Oct

Reliance Industries (RIL) is in late-stage talks to acquire the retail business of Future Group as it moves to bolster its brick-and-mortar play in As ...

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Former central banker Viral Acharya cautions India against deficit financing
27 Oct

 Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government’s budget deficit, citing risks to inflati ...

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India’s e-commerce penetration will double to 11% by 2024: Goldman Sachs
27 Oct

India’s e-commerce industry is expected to reach $99 billion in size when online commerce penetration will more than double to almost 11%. The growth ...

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Aditya Puri sells HDFC Bank shares worth Rs 843 crore
27 Oct

Aditya Puri, HDFC Bank’s managing director who’s slotted to retire in about three months, last week sold about 74 lakh shares of the bank worth about ...

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CDEL probe blames Siddhartha’s poor biz model.
25 Oct

The probe into the financial troubles of Coffee Day Enterprises (CDEL), which runs the Cafe Coffee Day chain, has laid the blame on late promoter VG S ...

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Apple widens India operations, starts manufacturing of iPhone 11
25 Oct

Apple is growing its engagement in India and has started to manufacture its top-of-the-line iPhone11 smartphone, at a time when the government is aggr ...

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Bad loans may rise to 20-year high due to pandemic: RBI
25 Oct

The Reserve Bank of India (RBI) has warned that bad loans in banks could rise to a 20-year high as a result of the economic crisis triggered by the Co ...

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New security protocol to hit Chinese phone, drug companies hard
25 Oct

Chinese manufacturers that have invested in India to set up manufacturing facilities via the foreign direct investment route will need a fresh securit ...

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Clashed with then-FM on insolvency norms: Urjit Patel
25 Oct

Former Reserve Bank of India (RBI) governor Urjit Patel has said that differences with the then finance minister began with the government’s decision ...

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ITAT rules in favour of Tata Education trust, disallows IT dept’s demand of over Rs 100 cr
25 Oct

In a major relief for Tata Education & Development Trust, the Income Tax Appellate Tribunal (ITAT) on Friday ruled in favour of the trust in its a ...

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May miss Budget targets, but see strong recovery: DEA secy
24 Oct

The government may be unable to meet its Budget estimates for the current financial year (2020-21) due to the Covid-19 crisis, but expects a V-shaped ...

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81 stalled housing projects to get Rs 8,800cr from special window
24 Oct

The special financing window for held-up housing projects has provided assistance of nearly Rs 8,800 crore to 81 projects — with 27 in Mumbai and 26 i ...

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AU Bank posts 48% profit growth in Q1, at Rs 177 crore
24 Oct

The Pink City-headquartered AU Small Finance Bank reported net profit growth of 48% at Rs 177 crore in the Covid-hit first quarter of the current fina ...

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Indian economy could revive sooner than we expect, says Finance Secretary
24 Oct

India's economy will spring back to normal sooner than expected and may even make a sharp V-shaped recovery in the next financial year, two top financ ...

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Duff & Phelps India drags IBBI to court on order against senior advisor
24 Oct

 The Indian arm of American financial consultancy firm Duff & Phelps has dragged the Insolvency & Bankruptcy Board of India (IBBI) to cou ...

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FM pushes CPSEs to achieve capex targets
24 Oct

Finance minister Nirmala Sitharaman pushed Central Public Sector Enterprises (CPSEs) to perform better to achieve their capital expenditure (capex) ta ...

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Next fiscal push may come after Covid-19 vaccine: CEA
23 Oct

The government may prefer to provide a fiscal push once uncertainty over the Covid-19 pandemic declines with the arrival of a vaccine, chief economic ...

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Deloitte’s former CEO gets 7-year audit work ban
23 Oct

National Financial Reporting Authority (NFRA), the regulatory body for auditors of listed and large companies, announced a seven-year ban on former De ...

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Probe likely to flag Rs 4,000 cr hole in books of Coffee Day
23 Oct

A probe into Coffee Day Enterprises (CDEL) is expected to reveal details of suspicious circular transactions between Mysore Amalgamated Coffee Estates ...

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Two-wheeler makers take premium route owing to traction from leisure & hobby segment
23 Oct

Demand for two-wheelers is recovering at a fast pace and most manufacturers are placing bets on the premium range owing to traction from the leisure a ...

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Small companies' NPAs set to go up, job cuts on the cards
23 Oct

Non-performing assets in the micro, small and medium enterprise (MSME) sector are likely to increase as the moratorium on the repayment of term loans ...

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Covid-19 to push automakers into a record loss of Rs 10,000 crore in Q1
23 Oct

Listed Indian automobile companies could post a cumulative loss of Rs 10,000 crore for the June quarter.As much as Rs 7,000 crore of this is expected ...

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Government to revamp FTA strategy to ensure economic benefits
22 Oct

The government is recalibrating its strategy on entering into free trade agreements (FTAs) in a bid to ensure that the treaties provide economic and s ...

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India's hiring sentiment picks up for April-September
22 Oct

The country’s recruiting sentiment has improved a little after the lockdown with an increased hiring intent for the first half of this fiscal, accordi ...

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Home remedies for Covid fire up spice market
22 Oct

In their quest to find immunity boosters against Covid, more Indians are gulping concoction of spices firing up the prices of turmeric, pepper and gin ...

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Renewed sowing pushes up tractor registrations in TN
22 Oct

As the state is heading for a bumper kharif crop lead by paddy, sales of tractors is also powering ahead with new tractor registrations across RTOs in ...

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Early production hike for consumer electronics, phones.
22 Oct

Top manufacturers of smartphones and consumer electronic goods such as LG, Sony, Xiaomi, Vivo, Realme and Panasonic  are advancing festive season ...

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Non-AAA rated NBFCs queue up for half of the government’s Special Liquidity Scheme
22 Oct

A clutch of non-AAA rated firms has applied for nearly half the amount set aside for nonbank lenders under the government’s special liquidity programm ...

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Corporate FDs still attractive for seniors despite interest rate cuts
22 Oct

 A corporate fixed deposit rates have come down a bit reducing their attractiveness over bank and post office offerings. But senior citizens can ...

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Cafe Coffee Day's auditor resigns citing “commercial considerations”, questions raised on reported numbers
21 Oct

Coffee Day Enterprise’s auditor, BSR & Associates, has resigned citing “commercial considerations”.In its last report, the KPMG unit raised questi ...

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Refining output dips again after nearing pre-Covid levels amid low local demand
21 Oct

Refinery run rates are again falling in the country after reaching near pre-Covid levels, which may reduce crude oil imports, as local lockdowns, mons ...

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Cheaper, faster and easier insolvency resolution process on cards for MSMEs: IBBI
21 Oct

A cheaper, faster and easier insolvency resolution process is on the cards for micro, small and medium enterprises (MSMEs), said Insolvency and Bankru ...

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Two labour codes finalised by labour ministry may be tabled in monsoon session
21 Oct

The labour ministry has finalised two labour codes that will give flexibility to state governments on rules related to hiring, retrenchment and fixing ...

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There’ll be no recalculation of telcos’ AGR dues, says SC
21 Oct

India’s big telecom players, except Jio, pleaded before the Supreme Court  for a staggered payment of adjusted gross revenue (AGR) dues over 15 y ...

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India Inc to see over 40% dip in Q1 profit: Reports
21 Oct

Covid-related disruptions in the economy during the just ended April-June quarter (Q1FY21) are expected to reduce India Inc’s net profit by more than ...

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IL&FS raises target, looks to recover Rs 57,000 crore from assets
21 Oct

The government-appointed board of failed finance and infrastructure group IL&FS has said that it now expects to recover more than it earlier estim ...

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India plans to reduce number of state-owned banks to just five: Sources
21 Oct

India is looking to privatise more than half of its state-owned banks to reduce the number of government-owned lenders to just five as part of an over ...

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Tough to get companies' moratorium dues by March 31: Bankers
20 Oct

Bankers warn that many businesses may not be able to square their positions by March 2021 with regards to dues relating to the ongoing moratorium peri ...

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Covid forces companies to relook at board mix
20 Oct

The current pandemic, which has challenged businesses like never before, has also got them thinking about the quality of their board of directors. Alt ...

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Shut offices, hotels block flow of bottled water sales
20 Oct

The bottled water industry in India, which was growing at double digits, has hit a roadblock due to Covid-19 as sales in offices, hotels and travel re ...

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I-T dept disposes 7,116 assessments under first phase of faceless assessment
20 Oct

The Income Tax department has started the first phase of the faceless assessment and 7,116 cases were disposed of without raising any demand for addit ...

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Govt may allow 100% FDI in completed housing projects
20 Oct

India is reviewing its foreign direct investment (FDI) policy for the real estate sector to see if 100% overseas investment can be allowed in complete ...

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Google Tax Mop-up at over `2.6K Cr Since ’16
20 Oct

India has collected more than `2,600 crore by taxing digital advertising since it began levying the equalisation tax in 2016, people in the know said, ...

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Digital payments widen gap with ATM withdrawals
18 Oct

There are early signs that India is finally turning into a digital payment economy less dependent on cash. For the first time, in the fourth quarter o ...

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Equalisation levy not targeted at US companies: Government
18 Oct

The government has told the US authorities that the equalisation levy on e-commerce supplies and transactions is non-discriminatory and is in line wit ...

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TDSAT sets aside Trai order blocking Vodafone-Idea premium tariff plan
18 Oct

The appellate tribunal stayed the telecom regulator’s July 11 order blocking Vodafone Idea Ltd’s RedX premium tariff plan, granting interim relief to ...

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NPCI raises scope and limit of debit transactions on NACH platform
18 Oct

Bank customers can soon automate the payment of their credit card bills, insurance premiums, loan instalments and all such transactions of recurring n ...

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India for customs duty on computer-aided design files for 3-D printing
18 Oct

India has proposed imposing customs duties on computer-aided design, or CAD, files, which are necessary for 3D printing, while pitching its case for c ...

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CURBS ON IMPORTED GEAR FOR RENEWABLE POWER PROJECTS NOT TO DETER SBI FROM LENDING
18 Oct

Restriction on imported gear for renewable and thermal power projects will not deter State Bank of India from lending to projects built on foreign equ ...

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MSME promoters may get first right to prepare resolution plan
17 Oct

In a major departure from the Insolvency & Bankruptcy Code (IBC) provisions, the regulator has proposed a special dispensation for micro, small an ...

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Education and marriage can wait, now it’s savings for Covid
17 Oct

Middle-class Indians, who were until last year worried about savings for their children’s education or marriage, are now more concerned about immediat ...

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Start-stop lockdowns put brakes on auto companies operations
17 Oct

 Local start-stop-start lockdowns are playing havoc with the auto industry’s production and sales ramp-up plans.
Companies readying to scale u ...

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OPEC and allies to ease cuts, allow more oil production
17 Oct

Ministers from the Organisation of the Petroleum Exporting Countries (OPEC) cartel have agreed to allow more oil to flow from the taps, saying demand ...

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Centre worried about the effects of micro lockdowns on macro recovery
17 Oct

Extensive shutdowns being imposed with little warning by states have worried policymakers at the Centre as they threaten the revival of an economy stu ...

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Indiabulls Housing Finance seeks to sell Rs10,000-crore builder loans
17 Oct

Indiabulls Housing Finance is in talks with at least four potential investors – Deutsche Bank, Oaktree Capital, Brookfield and SSG Capital – to sell b ...

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In a first, IndiGo & SpiceJet to wet-lease planes to launch long-haul overseas flights
17 Oct

As India resumes air travel with various nations, IndiGo and SpiceJet, in a first, are leasing long-haul planes on a wet lease to launch flights to th ...

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Google To Invest Rs 33,737 Crore For 7.7% Stake In Jio Platforms
16 Oct

Google has agreed to invest Rs 33,737 crore to buy a 7.7 per cent stake in Reliance Industries' technology venture, adding to a slew of investments si ...

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Savings disincentivised: Real interest rates slide into negative territory
16 Oct

A sharp fall in deposit rates due to aggressive rate cuts by banks in response to the Reserve Bank of India's (RBI) reduction in the benchmark rates c ...

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Lockdowns eased, top car makers ramp up production to meet rising demand
16 Oct

Maruti Suzuki, Hyundai Motor and Mahindra & Mahindra the country’s top carmakers  are adding factory shifts and hiring more workers to fire u ...

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Reliance Retail to rope in global partners in next few qtrs
16 Oct

Reliance Retail, the retail arm of Reliance Industries (RIL), will induct global partners and investors in the next few quarters. “We have received st ...

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Trade balance turns surplus after 18 yrs
16 Oct

India registered a trade surplus after almost two decades with the balance in June turning in the country’s favour at $790 million. However, a sharp c ...

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Google to invest Rs 33,737 crore for 7.73% stake in Jio Platforms
15 Oct

Reliance Industries (RIL) said global technology giant Google would invest Rs 33,737 crore for a 7.73 per cent stake in Jio Platforms, the subsidiary ...

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MSMEs may get up to Rs 1 lakh crore salary support
15 Oct

The government is discussing ways to boost consumer demand in the economy, with one option being the possibility of providing salary support of up to ...

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Walmart to put $1.2bn into Flipkart
15 Oct

US-based retail giant Walmart is leading a fresh infusion of $1.2 billion in Flipkart, two years after it acquired a 77% stake for $16 billion, as the ...

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Auto companies expect 26-45% fall in sales, seek GST cut
15 Oct

The auto industry has sent out an SOS to the government, seeking a 10% reduction in GST rates across vehicle categories. While painting a grim picture ...

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Perpetual Bond Mkt Comes Back to Life as Banks Open Up for Sales
15 Oct

 The market for perpetual bonds from banks is clawing back to life as yield-hungry investors begin to take higher risk and banks open up for such ...

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E-commerce, logistics firms bring back blue-collar jobs.
14 Oct

Blue-collar job openings saw an uptick in sectors like e-commerce and logistics, according to HR consultancies which expect a further spike to come ab ...

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Google to Invest $10 b in India Over 5-7 Years
14 Oct

Google will invest $10 billion in India over the next five to seven years with the aim of consolidating its position in the digital ecosystem of the w ...

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As discom losses continue downward spiral, power secretary bats for better governance
14 Oct

Revenue deficit of state power distribution companies has risen to the worst in nearly a decade, while other financial indicators are also bleak. The ...

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Vodafone Idea knocks on TDSAT's door against Trai's order blocking its RedX premium plan
14 Oct

Vodafone Idea moved the telecom tribunal on Monday, challenging a regulatory order blocking its RedX premium tariff plan that offers faster data speed ...

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Not against imports, have to import products where we have difficulty: Piyush Goyal
14 Oct

Commerce and industry minister Piyush Goyal on said India is not against imports and will need to import certain products as every country can't produ ...

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Retail Inflation above 6% in June, economists expect further rate cuts
14 Oct

Retail inflation in India firmed up in June, breaching the tolerance band of 4% with a margin of 2% set by the Monetary Policy Committee.Miscellaneous ...

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Trai blocks Airtel, Voda Idea premium plans, says may affect service quality of others
13 Oct

The telecom regulator has blocked Bharti Airtel’s Platinum and Vodafone Idea’s RedX premium plans that offer faster data speeds and priority services, ...

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Interest rate cut, deposit growth to hurt lenders’ profitability in Q1
13 Oct

 A sharp fall in lending rates due to aggressive benchmark rate cuts by the Reserve Bank of India (RBI) and faster deposit growth during the lock ...

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India's GDP likely to contract 4.5% in FY21: FICCI survey
13 Oct

Industry body FICCI's latest Economic Outlook Survey has pegged India's growth for 2020-21 at (-) 4.5 per cent as the country continues to see a gradu ...

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Visas, social security pact to top India-US trade talks
13 Oct

India and the US will this week discuss a possible move towards a Totalisation Agreement — which will help Indian technology and other professionals a ...

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Like last year, TCS to hire 40,000 freshers
13 Oct

Tata Consultancy Services (TCS) plans to keep its India campus hiring this year at about the same level as last year (40,000), despite the sharp drop ...

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US giant Qualcomm to invest Rs 730cr in Jio
13 Oct

 Reliance Industries (RIL) has raised Rs 730 crore from Qualcomm Ventures by selling 0.15% stake in Jio Platforms, it said on Sunday.The company, ...

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No Curbs on Work-from-Home for Software Units in Tech Parks
11 Oct

Software units housed within the national technology parks of India will face no curbs with regard to moving employees and assets to a remote working ...

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IIP contraction rate slows in May.
11 Oct

India's industrial production contracted 34.7% in May, slower than the pace in April, computations based on official government data showed. The figur ...

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Manufacturers intensifies health checks and sanitisation programmes amid surge in Covid cases
11 Oct

 Manufacturing companies from Maruti Suzuki, Hyundai Motor India and Toyota Kirloskar Motor to JSW Steel and Steel Authority of India are closely ...

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China Apps Ban Drives Indian Firms’ Gains
11 Oct

Indian entertainment apps such as Mitron, Trell, RheoTV, Aiisma, Loco and Rooter are gaining both talent and users from banned Chinese apps as tension ...

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Blanket moratorium extension till December not required: SBI Chairman Rajnish Kumar
11 Oct

State Bank of India chairman Rajnish Kumar said that across the board relief on payment of loan dues is not needed beyond August and he expects the Re ...

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Solar energy will play major role in achieving Atmanirbhar Bharat, says Modi
11 Oct

Prime Minister Narendra Modi said solar energy would play a major role in achieving self-reliance in energy, essential for an Atmanirbhar Bharat (self ...

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Vendors face pressure on working capital as e-commerce platforms, PSUs delay tax payments
11 Oct

 A government move to extend the timeline for depositing tax deducted at source (TDS) and tax collected at source (TCS) is creating cash flow pro ...

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Consumer Affairs Min Orders Cos to Strictly Follow Labelling Norms
10 Oct

The consumer affairs ministry has ordered that every product sold by companies and ecommerce platforms must prominently display its country of origin, ...

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PM Modi try to attract global companies with investment-friendly business environment
10 Oct

 Speaking at the India Global Week 2020, Prime Minister Narendra Modi  said Aatmanirbhar Bharat, or self-reliant India, is "not about being ...

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Club Factory, Shein, Romwe 'selectively' shipping orders
10 Oct

Days after the government banned 59 Chinese apps on concerns over data security and privacy, Chinese e-commerce companies Club Factory, Shein and Romw ...

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Weak Smaller Banks Risk Getting Crowded Out in Race for Capital
10 Oct

In the rough high seas, it is wise to stay put in the biggest liner in the business.
The world of banking isn’t vastly different, where small and m ...

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China doesn’t play by rules: PolicyBazaar
10 Oct

PolicyBazaar CEO Yashish Dahiya has become the first CEO among India’s most valued internet companies to speak out openly against China. Dahiya said t ...

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India Inc seeks govt aid to compete globally
10 Oct

India Inc has suggested policy measures pertaining to approvals for starting a business, dispute resolution and logistics infrastructure to make indus ...

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Govt officials will brainstorm auto companies to reduce import from china.
09 Oct

Government officials will soon meet executives of auto companies and component makers to prepare a long-term road map aimed at localising production a ...

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Students refuse American dream, eye Canada, UK
09 Oct

Barely two days after new rules directing international students to leave the US if they are not attending in-person classes, Harvard University along ...

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Government halts merger of 3 PSU general insurers; to infuse Rs 12,450 crore
09 Oct

The union cabinet has decided to put on hold the proposed merger of the three state-run general insurers even as it approved ₹12,450 crore in capital ...

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Chinese PoS devices here to stay as cheaper options not on cards
09 Oct

The banking and payments sector may have to continue relying on ‘Made in China’ payment terminals or point of sale (PoS) machines, in the absence of c ...

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Monthly SIP flows dip below Rs 8,000-crore mark after 18 months
09 Oct

Small investors have started feeling the pinch of declining cash flows due to Covid-related issues like salary cuts, job losses, furloughs and delay i ...

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Banks to raise nearly Rs 80,000 crore in equity capital
09 Oct

 ICICI Bank’s board  approved a proposal to raise Rs 15,000 crore through issue of fresh equity. This has taken the tally of completed and p ...

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Government push PSUs to step up capex to revive economic growth
08 Oct

Finance minister Nirmala Sitharaman sought to push capital expenditure by the country’s top public sector companies, as part of the government’s drive ...

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Consumer goods sales return to pre-lockdown levels
08 Oct

After gradual reopening of the economy, consumer goods sales recovered in June to levels seen before the lockdown.
Supply chain disruptions and res ...

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India readies GIFT for Hong Kong customers.
08 Oct

India is keen to take advantage of the unrest in Hong Kong and draw businesses looking to move out of the island enclave to its own international fina ...

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Abu Dhabi fund ADIA revives talks to invest $1 billion in RIL’s InvIT
08 Oct

 Abu Dhabi Investment Authority (ADIA) has renewed negotiations with Reliance Industries Ltd (RIL) to pump in approximately a billion dollars (ab ...

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ED registers money laundering case against GVK, MIAL
08 Oct

The Enforcement Directorate (ED) registered a money laundering case against GVK Group promoters along with others in connection with fraudulent transa ...

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Jobless rate likely to settle slightly higher than pre-Covid levels
08 Oct

The worst seems over for India’s job market, the Centre for Monitoring Indian Economy has said, adding that the country is likely to settle at an unem ...

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CBDT notifies amendment on tax exemption for Sovereign Wealth Funds for investment in infra
08 Oct

Income from dividend, interest and long term capital gains of sovereign wealth funds, the Abu Dhabi Investment Authority and pension funds, through in ...

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Fashion and apparel companies still hurting
08 Oct

 Hit by the nationwide lockdown, India’s fashion and apparel sector has recovered only 35% of sales compared to January levels . Fashion sales in ...

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RBI checks rupee’s forward march
07 Oct

The Reserve Bank of India is believed to have intervened in the forex market to buy nearly a billion dollars and arrest the surging rupee’s new found ...

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IT firms want work from home relaxations should be made permanent
07 Oct

The Covid-19 pandemic has prompted Indian information technology (IT) services companies such as Tata Consultancy Services (TCS), HCL Technologies, Wi ...

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Airtel, Voda Idea mobile revenue, operating income likely to dip
07 Oct

In the first post-Covid19 estimates, Bharti Airtel and Vodafone Idea (VIL) are likely to report sequential falls in mobile revenue and operating incom ...

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PwC India to announce deferred bonuses, hikes, promotions in October
07 Oct

Professional services firm PwC India has said it will announce promotions, compensation revisions and bonus payouts for employees on October 1, 2020.E ...

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Toll road operators weigh arbitration to recover Rs 650 crore from NHAI
07 Oct

Most toll road operators have threatened to go to arbitration to recover around Rs 650 crore from the highways authority as interest and maintenance c ...

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Nearly 30% companies operating at more than 70% capacity
07 Oct

Nearly 30% of firms are operating at over 70% capacity and 45% companies expect capacity utilisation to accelerate in the months ahead. But they conti ...

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India may see first monthly trade surplus in 18 years
06 Oct

India may register its first monthly trade surplus in over 18 years in June as the pace of contraction of exports is estimated to have slowed down to ...

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Sports goods giants plan local production
06 Oct

Global sportswear makers, who get a large chunk of their domestic portfolio from China, are looking to shift sourcing and manufacturing to India and S ...

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PE deals drop 40% in first 6 months of 2020
06 Oct

Private equity investments in India have seen a steep drop in the first six months of 2020, as the country's shrinking economy, which has been further ...

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Retail Sales of Vehicles Pick Up Speed in June
06 Oct

Retail sales of vehicles far outnumbered dispatches from factories to dealerships last month, suggesting a recovery in the market while also highlight ...

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Larger ITAT Bench to Review Mandatory Tax Dispute Payment
06 Oct

A larger bench of the Income Tax Appellate Tribunal scheduled to look into a recent amendment of the Income-Tax Act that seeks to curtail the power of ...

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Government seeks stricter checks on Sri Lanka, Bangladesh, South Korea, Asean imports
06 Oct

The commerce and industry ministry has sought stricter scrutiny of goods coming from Bangladesh, Sri Lanka, South Korea and the Asean bloc, amid fears ...

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Sugar exporters eye deals with China, waiting for border tension to ease
06 Oct

 Sugar traders are eyeing export deals with China, which they say are viable despite customs duty of 50%, but are afraid that the border tensions ...

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Write-downs to surge for companies as Covid hits demand
04 Oct

An increasing number of Indian companies are staring at write-downs in their business this fiscal as they will be forced to record the demand-collapse ...

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Draft e-tail rules target imports, eye growth for all
04 Oct

E-tailers should ensure they have an integrated system that connects customs, the RBI and India Post to track imports of product shipments coming from ...

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Ban on power equipment imports from China, Pakistan: Power Minister R K Singh
04 Oct

 India will not allow import of power equipment from China & Pakistan, power minister R K Singh announced, citing recent transgression in bor ...

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Intel invests Rs 1,895 crore in Ambani’s Jio Platforms for 0.39% stake
04 Oct

The investment arm of Intel Corp. agreed to pay approximately Rs. 1,895 crore ($253 million) for a stake in Jio Platforms Ltd., the telecommunications ...

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Domestic air traffic to fall up to 46% in FY21 due to coronavirus pandemic: ICRA
04 Oct

The reopening of commercial passenger flight services in a phased manner is not expected to help in recovery of domestic aviation industry in FY21, a ...

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Fear of Data Leaks Puts Large Cos and Banks on High Alert
04 Oct

Many large companies and banks are monitoring key employees and internal information systems to stop the leakage of price-sensitive information as sen ...

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Services improve in June, but still in contraction
04 Oct

Services activity picked up pace in June from record lows earlier but continued to show deep contraction for a fourth straight month, as firms reporte ...

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Vocal for Local: Enhanced Value Addition Norms Soon
04 Oct

India is eyeing enhanced value addition in quite a few sectors that can switch to local inputs quickly instead of depending on imports.The Ministry of ...

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Government debates tough China steps without hurting FDI
03 Oct

A section within the government is of the view that the Centre must adopt tough measures against China over the border standoff and act against Beijin ...

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India may ease regulatory pricing cap for ECBs
03 Oct

India is weighing the option of easing a regulatory price cap on overseas borrowing to ensure wider financing access for cash-starved companies even a ...

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Reducing dependence on China: India Inc advise on import substitution
03 Oct

Indian companies have started submitting proposals to the government on ways to reduce import dependence on China, recommending measures such as levy ...

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RBI may offer more relief to stressed sectors
03 Oct

The Reserve Bank of India (RBI) may unveil more relief measures for some of the stressed sectors of the economy, especially in the services segment, a ...

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MSME Loans Dip 7% Since March as Bankers Err on Side of Caution
03 Oct

 Bank loans to MSME businesses shrank more than 7% in April and May from pre-Covid-19 levels, underscoring increased risk perception among banker ...

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Uncertainty sees companies suspending guidance
03 Oct

For the first time in over two decades, several top corporates have suspended revenue guidance issued to investors and business partners, saying they ...

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Chinese handset brands planning to put India investments on hold
03 Oct

Amidst escalating geopolitical tensions, Chinese smartphone makers are putting their immediate manufacturing-related investments on hold, given the un ...

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Mobility firms Ola, Zoomcar may downsize fleet as rides thin out
03 Oct

 Shared mobility companies like Ola and Zoomcar may downsize their fleets, as demand stagnates amid rising cases of Covid-19 infections across th ...

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Data theft, security issues key in selecting 5G vendors
02 Oct

 A day after the US communications department tagged Chinese telecom vendors Huawei and ZTE as a “national security risk”, government sources her ...

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Voda Idea’s Rs 74k cr loss is India’s biggest
02 Oct

 Vodafone Idea reported a staggering Rs 73,878-crore loss in fiscal 2019-20  the highest ever by any Indian company  after it made prov ...

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Customs begins clearing stuck Chinese shipments
02 Oct

Indian customs began clearing shipments of Chinese origin that had been stuck at ports for the past 10 days after border tensions escalated. Consignme ...

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Railways begins process to invite private players in passenger train operations
02 Oct

The Railways  formally kickstarted its plans to allow private entities to operate passenger trains on its network by inviting request for qualifi ...

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Govt keeps close watch on Rs 55,000 cr power sector orders to Chinese companies
02 Oct

The government is keeping a close watch on the tendering of the Rs 55,000-crore emission control equipment by the thermal power sector that has placed ...

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World Bank Unveils $750m Package for Indian MSMEs Hit by Pandemic
02 Oct

The World Bank announced a $750 million package for India’s medium and small enterprises, which have been severely impacted by Covid-19 pandemic and l ...

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Stamp duty to pinch liquid fund returns further
02 Oct

Parking money with liquid mutual fund schemes a product used by investors to hold their idle cash for shorter periods will end up squeezing returns fu ...

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App ban won’t impact your Chinese phones, for now
01 Oct

Your Chinese smartphones  from companies such as Xiaomi, Oppo, Vivo and RealMe  will continue to work and not be immediately affected by the ...

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SBI Gen, Premji firm may acquire Future Generali
01 Oct

Wipro’s billionaire founder Azim Premji’s investment firm Premji Invest and SBI General Insurance are exploring a joint bid to acquire Future Generali ...

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Airtel to sell around 25% in Nxtra to Carlyle for $235 million
01 Oct

Bharti Airtel  said it has signed a pact to sell a roughly 25% stake in its data centre unit Nxtra Data Ltd. for $235 million."The post-money ent ...

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India steps up vigil for cyber attacks from China after apps ban
01 Oct

The government has increased a nationwide alert and stepped up monitoring as intelligence agencies prepare for intensified cybersecurity attacks from ...

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Govt mulling rules to address issue of delayed payments to MSME: Nitin Gadkari
01 Oct

The government will soon come up with rules to tackle the issue of delayed payments to micro, small and medium enterprises (MSMEs), although an immine ...

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I-T exemption on buying shares at lower price in firms under insolvency
01 Oct

The CBDT has exempted from income tax the purchase of shares at rates lower than the market price in companies undergoing insolvency proceedings and w ...

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Lenders reject JSW demand for more time
30 Oct

Financial creditors to the bankrupt Bhushan Power & Steel (BPSL) have rejected JSW Steel’s request for time till March 2021 to take over the sick ...

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Smartphone, electronics plants face shutdown as components wait for customs clearance
30 Oct

The stock of components in several smartphone and electronic factories has reached critically low levels because import consignments, particularly fro ...

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95% aplliances now made in India : CEAMA
30 Oct

Around 95 per cent of consumer electronics and appliances sold in India are produced locally, although dependence on China for components still ranges ...

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Hero Cycles may acquire Atlas operations.
30 Oct

Hero Cycles may well be looking to scoop up the struggling operations of Atlas Cycles.Atlas Cycles, had recently shut its last manufacturing unit in t ...

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Customs Checks Eased for US, S Korean Cos
30 Oct

Indian customs authorities have exempted select US and South Korean companies from mandatory 100% physical checks of their shipments of Chinese-origin ...

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RIL nears deal to acquire retail biz of Future Group
30 Oct

Reliance Industries (RIL) has moved close to clinching a deal to buy the retail businesses of Kishore Biyani’s Future Group.
The move will further ...

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India may step up scrutiny of imports from Chinese cos in Asean countries
29 Oct

 India is looking to increase the scrutiny of imports from Chinese companies or entities located in Association of Southeast Asian Nations (Asean ...

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companies cannot survive by paying people sitting at home.
29 Oct

Rajiv Bajaj, managing director of Bajaj Auto, on Sunday defended his company’s handling of the rising Covid-19 cases in its Aurangabad factory and sai ...

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Auto sales may see more than 70 per cent drop in Q1
29 Oct

Indian automakers could report the worst demand decline in almost three decades in the three months to June, with wholesale dispatches and retail sale ...

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Covid, China crisis prompt relook at logistics policy
29 Oct

India is taking a relook at its draft National Logistics Policy, prompted by the economic crisis induced by the Covid-19 pandemic and the border stand ...

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Claim IT exemption on conveyance allowance.
29 Oct

Individuals will be able to claim income tax exemption for conveyance, travel and other allowances given by employers under the new regime that offers ...

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RBI board debates 90-day NPA cap
29 Oct

The RBI board  discussed the need for extending the non-performing assets (NPA) recognition date beyond 90 days, citing widespread distress in th ...

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SBI will focus on lending to MSMEs, says chairman
29 Oct

SBI chairman Rajnish Kumar said that the lender, which until now was chasing home loans because of the security they offered, is shifting focus to mic ...

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RBI steps led to reduced rates across the board: Shaktikanta Das
27 Oct

 Reserve Bank of India (RBI) governor Shaktikanta Das said measures adopted by the central bank had ensured that interest rates had declined acro ...

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Drug makers urge Commerce Ministry to clear stuck imports
27 Oct

Indian drug makers have asked the commerce ministry to expedite the clearance of their consignments imported from China, which are stuck at several In ...

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Apparel exporters seek faster clearance of import consignments from China
27 Oct

Apparel exporters' body AEPC has sought the government's intervention in expediting the clearance of import consignments from China, saying "inordinat ...

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Blue-collar workers likely to see 10-20% wage hike
27 Oct

 Wages in labour-intensive sectors may rise by 10%-20%, with manufacturing companies willing to pay a premium to get workers back to shop floors ...

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Proposed duty on Chinese solar imports worries firms in SEZs
27 Oct

 Solar companies that have manufacturing units in special economic zones (SEZs) have expressed concern over the proposal to levy basic custom dut ...

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From boardroom to classroom: Professionals warm up to teaching
27 Oct

A growing number of professionals are moonlighting as online teachers, either as a part-time job or experiment, or sometimes even a full-time gig afte ...

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Covid effect: Hospitalisation may not be mandatory for insurance
27 Oct

Most health insurance covers require that a patient be admitted to a hospital for at least 24 hours before he can avail the benefits of the policy. Bu ...

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Residential sales, launches crash in second quarter
26 Oct

Sales and new launches of residential projects took a severe beating between April and June due to the pandemic.Sales dropped 81% to 12,720 units acro ...

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Mobile phones to cost more as GST hiked to 18% from 12% earlier
26 Oct

Mobile phones will attract an 18% goods and services tax (GST) rate from April 1, 2020, up from existing 12%, after the GST Council corrected the inve ...

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States make the most of lower rates, excess liquidity in system
26 Oct

State governments are big beneficiaries of the record low benchmark rates, and they are raising money through central bank auctions at levels last see ...

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India plans list of substitute nations for critical imports
26 Oct

The government is working on a list of alternative countries that could be suppliers of critical components that cannot currently be manufactured dome ...

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Indian exporters fear retaliatory action by China on port inspections
26 Oct

The Federation of Indian Export Organisations (FIEO) on Thursday said it is against a blanket ban on Chinese imports terming it infeasible as India im ...

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Companies viable before Covid may get one-time rejig option: Sitharaman
26 Oct

 The finance ministry has initiated steps for a one-time restructuring for businesses that were viable in the pre-Covid period, but are strugglin ...

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As gold prices rise banks rush to cash in on gold loan demand
25 Oct

 As gold price is touching record high in the domestic market, lenders are now focusing more to benefit from this opportunity. Some lenders have ...

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Five more sectors may get output-linked incentives
25 Oct

India plans to expand its production-linked incentive scheme to five more sectors to help boost local manufacturing, reduce dependence on imports and ...

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Cooperative banks brought under RBI supervision
25 Oct

The Cabinet approved a slew of proposals, including an ordinance bringing cooperative banks under supervisory powers of the Reserve Bank of India and ...

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Malpractices force RBI to crack down on loan apps
25 Oct

Concerned over the practices adopted by some of the digital lending platforms, the Reserve Bank of India (RBI) has cracked down on them and imposed se ...

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Medical cover sales turn lifeline for online insurance firms
25 Oct

New-age digital insurance startups are betting on increased demand for medical insurance, to tide over the pandemic-induced slowdown, which has impact ...

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All Chinese cargo being checked following nationwide risk alert
25 Oct

 All shipments coming from China are being physically checked at ports and airports following a nationwide alert regarding enhanced risk weightag ...

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Green shoots of economic revival emerge: Government
24 Oct

The finance ministry said that “early green shoots of economic revival” have emerged in May and June and listed a host of indicators to argue that the ...

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Companies go all out to get back migrant workers
24 Oct

 After the exodus, it’s now the return of the migrant workers. They made a difficult trek back home during the lockdown as factories downed shutt ...

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Sellers need to mention 'country of origin' on products for Govt e-market platform
24 Oct

The government procurement portal GeM has made it mandatory for sellers to mention 'country of origin' on products they wish to sell through the platf ...

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Unemployment rate falls to pre-lockdown level: CMIE
24 Oct

The unemployment rate in India fell to its pre-lockdown level of 8.5% in the week ended June 21 from the peak rate of 23.5% in April and May after the ...

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NCR developers are offering benefits up to 25% of property value to serious homebuyers
24 Oct

Unable to reduce property price directly due to high circle rates, leading real estate developers in NCR are offering benefits upto 25% of the propert ...

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Indian customs may start inspection of all imports from China.
24 Oct

Indian customs could carry out 100 per cent checks of Chinese import consignments at ports on the back of heightened security concerns following tensi ...

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Centralised AAAR Put on Fast Track
23 Oct

India has fast-tracked the creation of a Centralised Appellate Authority of Advance Rulings, wary of divergence in rulings by regional bodies leading ...

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Technical rules likely to cut Chinese imports
23 Oct

India is eyeing about 5,000 technical regulations to rein in cheap imports and provide a quality boost to domestically made industrial goods, telecom ...

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Chinese tech companies with government links face curbs
23 Oct

India is trying to identify Chinese technology companies with direct or indirect links to that country’s government or military.  Such companies ...

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Big corporates with strong liquidity owe ₹3.3-lakh crore to MSMEs.
23 Oct

India’s big corporates with strong liquidity position hold close to ₹3.3-lakh crore of dues to micro, small and medium enterprises (MSMEs).In the wake ...

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Surge in deposits to put pressure on banks’ net interest margins
23 Oct

Banks are piling up liabilities much more quickly than assets on their books, with their deposit base expanding faster than it did last year despite a ...

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Airtel upgrades security measures amid likely cyberattacks
23 Oct

Bharti Airtel has upgraded the SOC to a higher threat-level status for the next 5-7 days in the wake of likely cyber attacks. The telecom operator has ...

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CCI gives clean chit to Swiggy
23 Oct

The country’s competition watchdog has disposed of a complaint alleging that a food delivery platform abused its market dominance through unfair prici ...

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HP may shift some manufacturing to India
23 Oct

HP Inc may shift some manufacturing capacity away from China to India, as the personal computer and printers maker races to start a second manufacturi ...

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India’s trade deficit with China at 5-year low
23 Oct

India’s trade deficit with China is estimated to have narrowed to $48.7 billion during the last financial year — the lowest in five years — compared w ...

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How much do we tax oxygen? GST code isn’t clear about it
22 Oct

The Covid-19 pandemic seems to have brought back the pertinent question of goods categorisation under GST framework. In many cases, the GST rate paid ...

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E-comm sales volumes back at pre-Covid-19 levels
22 Oct

India’s ecommerce industry has recovered about 90% of its overall order volumes since restrictions on shipping of non-essential products were relaxed ...

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Chinese auto companies to employ mostly locals at Indian units
22 Oct

Automakers with a Chinese pedigree are playing it safe with their India strategy. These companies are filling up positions from factory floors to boar ...

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Government's support comforts banks, boosts lending to virus-hit MSMEs
22 Oct

The government’s credit guarantee programme and the central bank’s Covid package have triggered an increased flow of credit to the country’s pandemic- ...

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Norms for Employment Zones may be Eased to Woo Foreign Investors
22 Oct

India is looking to relax conditions for its own Shenzhen-style national employment zones in a fresh push to make these more attractive to foreign inv ...

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RBI nudges banks to decide if red-flagged accounts are fraud
22 Oct

Banks are in a major dilemma over a directive from the Reserve Bank of India (RBI) that lenders should decide whether loan accounts that have been ‘re ...

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Apps with Chinese funds face users’ ire
22 Oct

Top Indian consumer-focused unicorns like Paytm, Ola, Zomato, MakeMyTrip and others backed by Chinese capital are facing the ire of consumers. Users a ...

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Industry told to submit list of Chinese imports
20 Oct

The Centre has asked industry to prepare a detailed list of all purchases from China and flag those critical to operations so that the government can ...

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RIL becomes ‘net-debt free’, Mukesh Ambani says promise fulfilled.
20 Oct

Entrepreneur Mukesh Ambani said that his company Reliance Industries is now “net-debt free” after raising over Rs 1.68 lakh crore in 58 days. “I have ...

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Decks cleared for ‘largest ever’ LIC IPO
20 Oct

The government has set the ball rolling for an initial public offering (IPO) of the country's largest insurer — Life Insurance Corporation of India.Th ...

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Will ensure banks pass on rate cut benefits to consumer: FM
20 Oct

Finance Minister Nirmala Sitharaman has assured that she will ensure banks pass on the rate cut benefits to consumers, so the interest burden on them ...

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SC to Franklin Templeton: Wrong to wind up funds in pandemic
20 Oct

The Supreme Court  disapproved of Franklin Templeton’s April 23 announcement to wind up six debt funds, which spooked lakhs of investors, but the ...

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Food deliveries at quick service restaurants back at pre-covid levels
20 Oct

 Large quick service restaurants such as Pizza Hut, McDonald’s and KFC said their delivery sales have either reached pre-Covid volumes or witness ...

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India set to erect a Great Wall against Chinese companies
19 Oct

India is considering multiple, comprehensive measures to curtail the country’s economic reliance on China, targeting trade, investment and project ser ...

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Job losses, pay cuts leading to surge in home loan defaults
19 Oct

Mortgage, considered the safest segment of lending in India, is showing signs of cracks as the delinquencies at India Mortgage Guarantee Corporation ( ...

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PM Modi to launch Rs 50,000 crore job plan for migrants in 6 states
19 Oct

 The government unveiled a Rs 50,000 crore plan to provide jobs to returning migrants spread across 116 districts in six states, a move aimed at ...

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IBM plans to reduce office space by nearly half in India
19 Oct

IBM is planning to discontinue lease agreements at nearly half of its offices in major cities across the country, people familiar with the development ...

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RIL sells 2.3% in Jio to Saudi’s PIF for Rs 11,367cr
19 Oct

Saudi Arabia’s Public Investment Fund (PIF) will put Rs 11,367 crore in Jio Platforms, marking its largest investment in India. The infusion will give ...

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Govt drops 96% AGR demand from PSUs
19 Oct

A week after being slammed by the Supreme Court for “unreasonably” seeking over Rs 4 lakh crore from various PSUs on the basis of its verdict on adjus ...

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Pharma shines in advance tax pay
19 Oct

When it comes to advance tax payments, pharma has emerged as one of the outliers with the sector showing a higher payout this quarter, while real esta ...

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Demand Starts Revving up for Auto Industry
18 Oct

Wheels are moving again for India’s auto industry , the top three car makers are seeing bookings and enquiries rise to 85% of pre-Covid levels. This r ...

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Telecom companies reject Trai’s tariff calculator proposal in one voice
18 Oct

Reliance Jio, Bharti Airtel and Vodafone Idea, have rejected the regulator’s proposals to introduce a tariff calculator tool to convey the unit cost o ...

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Depositors seek RBI protection against waiver of bank interest
18 Oct

Depositors are seeking protection from the Reserve Bank of India (RBI) against any attempts to stop paying interest on deposits by banks. In a letter ...

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Labour ministry to fast-track National Employment Policy
18 Oct

The government has fast-tracked the proposed National Employment Policy (NEP), which aims at formalisation of the country’s 500 million workforce incl ...

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Sales of Chinese phones, Electronics not hit yet.
18 Oct

There has been no palpable impact on sales of Chinese smartphone and electronics brands in the Indian market despite the border tension flaring up and ...

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Most mall owners agree to retailers’ rental terms
18 Oct

In move that signals the end of the row over new rental agreements between mall owners and retailers due to Covid-19, nearlyall malls across India&nbs ...

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Food delivery firms asked to cut offers, commission.
18 Oct

As economic activities pick up across the country, restaurants are now pressing online food delivery platforms like Swiggy and Zomato to change commis ...

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RBI proposes tougher rules for housing finance companies
18 Oct

The Reserve Bank of India has proposed tougher rules for housing finance companies (HFC), including lending and investment curbs in group entities to ...

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RERA in NCR to continue with virtual hearings post Covid-19
17 Oct

 Aggrieved NCR homebuyers won’t have to visit the Real Estate Regulatory Authority(RERA) office after the state authorities decided to continue v ...

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Nearly half MSMEs witness 20-50% impact on earnings
17 Oct

Nearly 50 per cent of micro, small and medium enterprises (MSMEs) have witnessed a 20-50 per cent impact on their earnings due to the disruptions caus ...

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For Delivery and More, Cos Direly Need Staff Now
17 Oct

With lockdown curbs easing and migrant labour in short supply, companies across sectors, from hazmat suits maker Wildrcraft to ecommerce players Flipk ...

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Finmin nod to NHAI’s ₹50K crore SPV
17 Oct

The National Highways Authority of India (NHAI) will go ahead with a plan to raise Rs 50,000 crore through a special purpose vehicle (SPV) with the Na ...

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Cos Fleeing Smaller Banks for ‘Safer’ Large Lenders.
17 Oct

Indian companies are fleeing small banks and moving towards larger lenders as slower economic growth, build up in nonperforming assets, liquidity issu ...

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China’s Great Wall Motors in pact with Maharasthra, has $1bn India plan
17 Oct

Even as India and China are involved in a confrontation at the border, China’s Great Wall Motors (GWM) on signed a memorandum of understanding (MoU) w ...

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Banks oppose waiver of loan interest during moratorium
16 Oct

In the ongoing moratorium case, bank have told the regulator and the government that they do not agree with the proposal to waive interest during the ...

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As Revenues Thin, Tata Group Cos Prepare to Tighten Belt
16 Oct

The Tata Group has initiated a large-scale cost-cutting exercise across the holding company, Tata Sons, and operating firms as part of an effort to en ...

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Exports bounce back to last year’s levels
16 Oct

The pace of contraction of India's exports slowed in May as relaxations in the lockdown to contain the Covid-19 pandemic led to some pick up in econom ...

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May wholesale prices fall signals deflation
16 Oct

India's wholesale prices fell 3.21% in May, the most since November 2015 and the first instance of deflation since June 2016, as the country remained ...

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Awaiting critical Remdesivir safety data from companies: DCGI
16 Oct

 Amid growing clamour for speedy launch of Remdesivir, the experimental Covid-19 drug, India’s drug regulator says it is awaiting “crucial data” ...

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Returning Migrants Help Unlock Business for Cement Roofing Cos
16 Oct

Cement roofing companies are set to benefit as the demand for roofing solutions is picking up in rural areas on higher cash availability from governme ...

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Steel, diamond, paddy, rubber trades on ICEX under scanner
16 Oct

The board of Indian Commodity Exchange (ICEX), in consultation with Sebi, has appointed a forensic auditor to probe the alleged misuse of a market-mak ...

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MSMEs face existential crisis, revenue to fall a fifth
16 Oct

The 5% contraction in the Indian economy wrought by the Covid-19 pandemic will significantly hurt micro, small and medium enterprises (MSMEs) across s ...

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Auto dealers face SC heat over BS4 sales
16 Oct

The Supreme Court slammed the Federation of Automobile Dealers’ Association (FADA) for violating its order by selling and registering more BS4 automob ...

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RIL’s partly paid-up shares may list at a 50% premium
15 Oct

Buoyed by the strong response to its rights issue, the partly paid-up shares of Reliance Industries will likely be listed at around Rs 650 apiece , a ...

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SEBI plan faces resistance from promoter-driven companies
15 Oct

The Securities and Exchange Board of India’s (Sebi’s) plan to replace existing concept of promoters with controlling shareholders is facing stiff oppo ...

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OPEC Gets Chance to Gain Upper Hand in Long Battle With Shale
15 Oct

Once the global oil market emerges from the coronavirus crisis, it may be greeted by a surprising change: greater dependence on crude from OPEC.For th ...

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No Legal Action Against Firms Over Data Gaps
15 Oct

India will not invoke a legal provision that empowers the government to penalise companies refusing to submit data for key statistics such as the Inde ...

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Industry for Faster Release of Services Exports Incentives
15 Oct

A host of services exporters have claims worth crores pending under a key export incentive scheme, compounding liquidity problems of the sector hit ha ...

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13% more sowing will lead to a bumper kharif crop
15 Oct

Farmers have planted kharif or summer-sown crops, which account for half of India’s annual food output, on 9.3 million hectares – 13.2% higher than la ...

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38% startups run out of funds as bailout calls go unanswered
15 Oct


Small Indian startups have run out of funds minus a specific government bailout package, two months after their businesses took a hit because of t ...

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General insurers report 9% drop in May premium
15 Oct

Impacted by the Covid-induced lockdown, the general insurance industry saw a 9% fall in May premium collection to Rs 11,106 crore, as compared to the ...

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Factory output shrinks 55.5% in April; Full retail inflation data not out
13 Oct

India’s industrial production shrank by a record 55.5 per cent in April from the year earlier with manufacturing crashing 64.3 per cent, which didn’t ...

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SC to centre:Give clarity on loan interest
13 Oct

The Supreme Court  asked the Centre to clarify its position on the waiver of interest during the loan moratorium on loan and other repayments to ...

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US technology firms to be impacted by possible Trump move to ban H-1B visas
13 Oct

American technology firms such as Google and Apple are likely to bear the brunt of a potential ban on H-1B work permits by the Trump administration gi ...

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KYC norms need to be simple, cost effective
13 Oct

India needs to re-evaluate the existing know your customer (KYC) norms to make it more simple and cost effective as we strive to become a role model f ...

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India’s forex reserves hit half-trillion mark
13 Oct

 The country’s forex reserves rose by $8.2 billion during the week ended June 5 to cross the half-a-trillion-dollar mark for the first time. Fore ...

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M&M plans to exit loss-making international subsidiaries in a year
13 Oct

Mahindra & Mahindra will exit loss-making international subsidiaries and entities over the next 12 months and follow stringent capital allocation ...

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Govt admits to possibility of economic contraction
12 Oct

The government admitted for the first time that India could see an economic contraction during the current financial year, although chief economic adv ...

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RBI plans 10-year cap on promoter-CEO’s term
12 Oct

In its discussion paper on governance in commercial banks, the Reserve Bank of India (RBI) has sought to cap the promoter’s role at the helm of a bank ...

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SC wants govt to withdraw AGR recovery demand against PSUs
12 Oct

The Supreme Court termed as ‘totally impermissible’ the demand by the Department of Telecom for dues of Rs 4 lakh crore in Adjusted Gross Revenue (AGR ...

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At FMCG companies, production crosses pre-Covid for food & hygiene goods
12 Oct

Large consumer goods companies HUL, ITC, Parle Products, Britannia, Marico and Dabur are expanding production capacities beyond pre-Covid levels. In-d ...

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Scooter, Mobike output nears 70% of pre-lockdown levels
12 Oct

A strong post-lockdown preference for personal mobility choices over public transport has meant brisk two-wheeler sales, and leading manufacturers hav ...

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COVID-related consumption crunch may spike Q1 household savings
12 Oct

The household savings is expected to spike in Q1'20-21 due to forced slowdown in COVID- related consumption. This is going to come in handy to finance ...

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Labour woes: Firms worry even as export queries rise
12 Oct

Exporters have seen a 20% rise in export enquiries in the last fortnight from the US, Australia and Japan. While cotton yarn is being exported at a 15 ...

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Independent directors' fees to attract GST
11 Oct

 The government  sought to end the confusion over GST on company directors, while also addressing concerns over held-up input tax credit ref ...

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Bad bank idea finds little support from RBI, govt
11 Oct

The proposal for a “bad bank” to take over non-performing loans from commercial banks has found little traction among the regulator, the government an ...

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Lenders assess borrowers’ stress levels before offering fresh loans
11 Oct

Fresh loans are hard to come by for both large and small borrowers that displayed signs of stress even before the lockdown and have availed of the cen ...

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Gold ETFs gain traction as global economic crisis looms
11 Oct

This year, gold prices have rallied 19 per cent in rupee terms. Gold, the hedge against economic uncertainty, continues to attract investor interest d ...

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Fresh tax concerns for many FPIs
11 Oct

Fresh tax worries are cropping up for India’s foreign portfolio investors (FPIs) that are structured as trusts and associations of persons (AOPs), thi ...

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Pent-up demand driving sales, but hurdles remain : CII Survey
11 Oct

The first week of Unlock 1.0 beginning June 1 saw most firms resume business quickly with pent-up demand helping sales, though supply side constraints ...

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Hiring activity declines 61% in May 2020 as compared to May 2019
10 Oct

 The NaukriJobSpeak Index for May 2020, at 910, marks a decline of 61% in hiring activity as compared to May 2019 at 2,346, led by the extension ...

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Some financial offences like bouncing of cheques may be decriminalised
10 Oct

 The government is looking to reclassify several offences under financial sector laws, including the bouncing of cheques, as civil offences rathe ...

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FM Nirmala Sitharaman asks PSU banks to focus on MSME outreach
10 Oct

 Finance minister Nirmala Sitharaman asked public sector banks to make proactive outreach to the micro, small and medium enterprises (MSMEs) and ...

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After steep falls, June exports show signs of improvement
10 Oct

 After steep double-digit declines for three months, India’s exports are estimated to have dropped by just 0.8% during the first week of June due ...

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Cheaper stocks open gates for buybacks
10 Oct

Depressed stock valuations, triggered by coronavirus-induced business impacts, have prompted several companies to repurchase their shares and offered ...

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Oil drops after US inventory build renews oversupply concerns
10 Oct

Oil prices fell on 9th June weighed down by a stronger dollar and oversupply concerns after it was announced that a trio of Gulf producers would end v ...

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Tractor makers explore rental route as agricultural economy grows
09 Oct

Tractor makers Mahindra, Tractors and Farm Equipment (Tafe) and Sonalika that have been struggling with customised hiring schemes are looking to cash ...

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Bank FDs now fetch less than savings accounts
09 Oct

It no longer pays to keep your money locked up in a bank. Fixed deposit (FD) rates have plummeted in recent months, with short-term rates now hovering ...

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Pandemic leaves hiring plans in disarray
09 Oct

 Corporate India’s hiring intentions for the upcoming quarter have weakened to the lowest in at least a decade and half amid uncertainties caused ...

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SBI seeks clarity on CFO qualifications
09 Oct

State Bank of India (SBI) has sought clarity from the banking regulator on the mandatory qualification for its chief financial officer whether the off ...

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India's economy to contract by 3.2 per cent in fiscal year 2020-21: World Bank
09 Oct

The World Bank expects India's economy to contract 3.2% in the current fiscal year, a sharp downgrade from its April projection of 1.5%-2.8% growth, c ...

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Adani Green Energy wins world's largest solar bid worth $6 billion
09 Oct

Adani Green Energy Ltd has bagged the world's largest solar bid entailing building a photovoltaic (PV) power plant of 8,000 MW and setting up a domest ...

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Jolt for malls as retailers, restaurants refuse to open
09 Oct

Large shopping malls, which have been feeling the pinch of a long lockdown, received another blow as several top retailers and restaurants refrained f ...

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Trucks move into fast lane in May as curbs ease
08 Oct

The number of trucks moving freight doubled to 2.2-2.5 million in May from the month ago, reflecting the gradual resumption of economic activity as lo ...

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AIDA to invest Rs.5.8k cr in Jio Platforms.
08 Oct

Jio Platforms is set to raise Rs 5,863.50 crore from Abu Dhabi Investment Authority (ADIA), the largest investment arm of the government of Abu Dhabi, ...

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Industry calls for 100% automatic FDI in satellites
08 Oct

Global satellite builders and communications service providers have called on finance minister Nirmala Sitharaman to allow 100% foreign direct investm ...

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Fall in tax collections temporary, says CBDT
08 Oct

Gross direct tax collections for 2019-20 fell almost 5% at Rs 12.33 lakh crore against the previous year’s Rs 12.97 lakh crore, the Central Board of D ...

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Mass departure of migrants hits garment, knitwear hubs
08 Oct

Garment and knitwear hubs across the country from Ludhiana to Tirupur are facing shortage of tailors and finishing personnel as hundreds of thousands ...

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Majority IT firms expect flat revenue this fiscal
08 Oct

 More than 4 out of 10 IT and ITeS companies feel that Covid-19 will have a 30% impact on their new business pipeline, and almost 56% expect a fl ...

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Bankers, government officials oppose interest sop in moratorium period
08 Oct

It is not just the Reserve Bank of India but even bankers and government officials are not in favour of waiving or offering interest concessions to bo ...

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SBI Q4 net profit jumps four-fold to ₹3,581 crore.
06 Oct

State Bank of India posted a four-time jump in its fourth-quarter standalone net profit, thanks largely to a lower loan loss provision burden and a on ...

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Tata Sons in strong financial position, says N Chandrasekaran
06 Oct

Tata Sons is in a strong financial position with adequate cash flows to support group companies and new growth initiatives, and is not looking to mone ...

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Shut Oppo factory gets China companies into trouble
06 Oct

Chinese handset firms Oppo, Realme and OnePlus are finding it difficult to meet the pent-up demand in both online and bricks-and-mortar channels follo ...

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Kia Motors and MG Motor India consolidate leadership position in SUVs amid slowdown
06 Oct

Kia Motors and MG Motor have consolidated their leadership positions in two key SUV segments with the Seltos and Hector, even as India’s automobile in ...

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PSBs luring MSMEs with pre-approved loans.
06 Oct

Messages of pre-approved loans at attractive rates which banks often sent to prime retail customers have now become the template of public-sector lend ...

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Government issues draft rules for manufacture, use of drones
06 Oct

India has finally issued the draft set of Unmanned Aircraft System (UAS) Rules, 2020, that cover the entire spectrum of drones — right from manufactur ...

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Use resources prudenlty and don’t initiate any new scheme : Finance Ministry
06 Oct

The Finance Ministry has asked all Ministries and departments not to initiate any new scheme in the current financial year and said that there is a ne ...

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Auto industry may fall out of gear this fiscal
05 Oct

The Indian automobile industry may post an aggregate drop of 20%, or Rs 75,000 crore ($10 billion), in revenue and a decline of 40%, or Rs 15,000 cror ...

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Mastercard, Axis Bank tie up to bring POS machines to smartphones
05 Oct

Digital payment giants Mastercard has tied up with Axis Bank and French payment service provider Worldline, to bring the functionality of Point of Sal ...

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Undeterred by US probe, government backs ‘Google Tax’
05 Oct

India is undeterred by the US launching an investigation into its tax on digital transactions, or equalisation levy, covering companies such as Netfli ...

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Getting loans a tough ask for most MSMEs: GAME's Ravi Venkatesan
05 Oct

Most small and medium businesses in India are facing difficulty in getting loans as they are first-time borrowers financially excluded from the formal ...

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SC seeks finance minister’s view on interest waiver
05 Oct

RBI’s misgivings over waiver of interest on loans during the six-month moratorium on payment of EMIs did not impress the Supreme Court, which  ga ...

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Consumer confidence crashes: RBI survey
05 Oct

Less than two months into the Covid-19 lockdown, consumer confidence in India totally collapsed with half of those polled expecting incomes to shrink ...

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Banks to install contactless ATMs to cut down on touch
05 Oct

With reduced hand contact becoming the norm in the wake of the coronavirus pandemic, banks are set to deploy contactless ATMs. A prototype has been de ...

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Ordinance soon: Cabinet OKs proposal to amend IBC
04 Oct

The cabinet approved a proposal to amend the Insolvency & Bankruptcy Code (IBC) to prevent companies from being forced into resolution proceedings ...

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Tatas set to review business plan
04 Oct

The board of Tata Sons is scheduled to meet on June 5 to chart the next move for the $111-billion salt-to-software group whose businesses have been si ...

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Rs 2 lakh crore will be lost if interest is waived off during loan moratorium
04 Oct

The Reserve Bank of India told the Supreme Court that it cannot waive interest on loans for the moratorium period, as it would affect the financial st ...

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Sales pitch: A V-shaped recovery that may vanish soon
04 Oct

There’s a V-shaped demand recovery in major consumer goods segments but that V may not last long.
Across phones, consumer durables, apparels, shoes ...

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DGCA nod clears runway for the Dawn of Drone age
04 Oct

Delivery startups Dunzo, Swiggy and Zomato, budget airline SpiceJet and Reliance-backed drone startup Asteria Aerospace are among 13 consortia that ha ...

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Cabinet nod for amendment to Essential Commodities Act, 2 ordinances to promote barrier-free trade
04 Oct

The Union Cabinet approved amendment to the six-a-and-half decade old Essential Commodities Act to deregulate food items, including cereals, pulses an ...

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Banks asked RBI to allow restructuring of loans worth Rs 3 lakh crore.
03 Oct

Indian lenders have asked the central bank to allow them to restructure loans worth about Rs 3 lakh crore given to hospitality, aviation and commercia ...

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Flipkart investor’s stake sale a bid to avoid tax: AAR
03 Oct

The Authority of Advance Ruling (AAR) has said a Rs 14,500-crore transaction in 2018 where a private equity investor sold its stake in Flipkart to US ...

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No Chinese supply threat for drug companies, but scaling Great Wall is tough
03 Oct

The earnings calls of Indian pharmaceutical companies for the third quarter of FY20 had evoked much interest among analysts owing to their plans relat ...

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Tax relief likely on creation of ‘permanent establishment
03 Oct

India will provide relief to overseas companies with global income that may be subject to tax here because the presence of their key management person ...

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Partial lockdown lift gives work to 21 million; no new jobs for salaried class
03 Oct

 At least 21 million people became employed after the nationwide lockdown was partially lifted in May, although it was restricted to small trader ...

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Industry must tap world’s trust in India, says PM Modi
03 Oct

PM Narendra Modi  invoked “trust and reliability” to urge domestic industry to manufacture products for the international markets and be part of ...

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Government eyes $17 billion investment proposals to boost local manufacturing
03 Oct

The government is considering proposals for investment of $16-17 billion (around Rs 1.25 lakh crore) to boost domestic production of air conditioners ...

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SBI gives 22k loans to small businesses in a day.
03 Oct

SBI disbursed 22,000 loans amounting to over Rs 3,000 crore to small businesses under the government’s Rs 3-lakh-crore emergency credit line guarantee ...

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Moody’s cuts India rating to lowest investment grade
02 Oct

International rating agency Moody’s downgraded India’s sovereign rating by a notch to Baa3 from Baa2 with a negative outlook over a weak reform push c ...

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IBC suspension leaves out many unanswered questions.
02 Oct

The road towards changing the Insolvency & Bankruptcy Code (IBC) is less simple than it seemed a fortnight ago when the finance minister announced ...

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With very low sales last month, auto sales may hit record low
02 Oct

Auto companies eked out marginal sales in May, with lockdown due to Covid-19 and economic gloom ensuring overall sales hit a decade low.Industry estim ...

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Occupancy fall among steepest for Indian hotels
02 Oct

Ravaged by the Covid-19 pandemic and the lockdown, and currently awaiting clearances from various state governments to resume operations, India's hote ...

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Oil falls as US China tension escalates
02 Oct

Oil futures steadied on 1st June as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were cl ...

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MSME definition widened further to include firms with up to Rs 250 cr turnover
02 Oct

The Union cabinet has approved further changes to the definition of micro, small and medium enterprises, a Rs 20,000-crore fund to provide equity supp ...

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Manufacturing activity shrinks again in May, PMI at 30.8
02 Oct

 India’s manufacturing activity continued to shrink in May making firms cut staff numbers at the quickest pace since data collection began over 1 ...

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Government in talks with over 600 global investors: Piyush Goyal
02 Oct

The government is keeping close tabs on foreign direct investment (FDI) and portfolio flows from neighbouring countries, especially China. At the same ...

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SEBI considers one-time listing window for existing unlisted non-convertible debentures
01 Oct

The Securities and Exchange Board of India (Sebi) is considering an one-time listing window for existing unlisted non-convertible debentures to ease s ...

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Auto majors struggle to convert online bookings to sales
01 Oct

With the Covid-19 lockdown having brought automobile sales to nil in April automakers pulled out all stops to woo customers.
Hyundai, Maruti Suzuki ...

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Domestic airlines curtail fleet expansion plans
01 Oct

India’s airlines are sharply curtailing their fleet expansion plans as the Covid-19 pandemic saps demand for travel and pushes prospects of a recovery ...

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Manufacturers giving incentives to dealers, distributors to push sales
01 Oct

Indian manufacturers are enhancing dealer and distributor incentives to push harder for sales after the Covid-19 pandemic deflated consumer demand.
...

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Local banks to start rupee trading in overseas NDF market
01 Oct

The rupee is set to enter a new era  as local banks including Axis Bank, ICICI Bank, HDFC Bank and IndusInd Bank will likely start trade in the o ...

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Unorganised sector workers may get IDs
01 Oct

The government has pulled out a 2014 proposal to provide identification numbers to workers from the the unorganised sector after facing all round crit ...

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India for TRIPs flexibility to ensure drugs’ access
01 Oct

India has pitched for flexibility in global intellectual property rights (IPR) agreements, in order to ensure access to essential medicines and vaccin ...

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As personal & small business loans crash, bank lending in April shrinks Rs 1.1 lakh crore
01 Oct

Bank lending has shrunk by Rs 1.1 lakh crore during the four weeks ended April 24 to Rs 91.5 lakh crore. While such a decline in lending is not unusua ...

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Retailers threaten to exit malls
01 Oct

The battle between mall owners in India and their tenants, retailers across 350 brands, is set to take an ugly turn, with most threatening to shutter ...

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Govt eyes bad bank again, may not up GST.
30 Oct

The government and the regulators have begun preliminary discussions on setting up a bad bank at a time when the stock of bad debt is expected to rise ...

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Fiscal deficit zooms to 7 year high of 4.6%
30 Oct

The Centre’s fiscal deficit ballooned to 4.6% of the GDP during the last financial year, mainly on account of a near 10% shortfall in the scaled down ...

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Covid takes toll on core sector, output slumps 38% in April
30 Oct

Output of eight core sector industries plunged 38.1% in April — probably the steepest ever — led by an over 80% slump in cement and steel production d ...

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Rural demand may power revival of two wheelers post lockdown
30 Oct

It’s the green and orange effect. Demand from rural and semi urban markets — most of which are green and orange zones — is driving two wheeler sales a ...

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NCLT clears Takata India and KSS Abhishek Safety Systems merger
30 Oct

The Chennai division bench of the National Company Law Tribunal (NCLT) has cleared the merger of Gurugram based KSS Abhishek Safety Systems with Takat ...

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GDP growth at 3.1% in Q4 drags full year FY20 growth to 4.2 per cent.
30 Oct

India's economy expanded by 3.1 per cent in the January-March quarter and dragged the full year FY20 GDP growth to 4.2 per cent, weakest since the fin ...

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Business activity improved in May as factories restart.
29 Oct

Business activity improved slightly in May from a near stall in April after the government eased restrictions.
The 17.3 million e-way bills generat ...

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Slump in consumer sector may boost PE investments
29 Oct

The disruption in demand, production and supply chain caused by the extended nationwide lockdown to contain the Covid-19 pandemic will knock back reve ...

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Exports likely to improve in May, contraction expected to be 30-35%: Goyal
29 Oct

Exports are likely to improve in May, with the contraction expected to be 30-35 per cent, said Commerce and Industry Minister Piyush Goyal , after out ...

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IBC Deferral Plan and Absence of Loan restructuring Put Banks in a Fix
29 Oct

Banks are in a dilemma over the resolution of stress among corporate borrowers as they find themselves caught between the government’s proposal to sus ...

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SIPs save the day after FPIs sell big
29 Oct

 As foreign funds took out over $6.6 billion (Rs 48,000 crore) from the Indian market during January-March, domestic funds which saw Rs 8,500 cro ...

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State govt's going all out to chase global investors.
29 Oct

It is India’s version of Shark Tank, the business reality TV show, with states vying to attract overseas investors, many of whom are seen to be scouti ...

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Cash Strapped govt to fast-track ₹4 Lakh crore of 4G spectrum sale
28 Oct

The government is speeding up plans to auction 4G spectrum worth more than ₹4 lakh crore .An inter-ministerial note being drafted is likely to be pres ...

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Indian Banks may need $20-50 bn capital over next 1-2 years as bad loans set to rise
28 Oct

Indian banks may need to raise $20-50 billion capital in the next two years as bad loans and credit costs rise due to the Covid-19 induced slowdown in ...

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ICAI aims for transparency in Covid-era accounting
28 Oct

 In the pre-pandemic era, it was relatively simple to answer about the question of company's ability to survive its operations in future. But,Tod ...

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Corporates present that loss of revenue, labour supply and logistic are the top worries.
28 Oct

A week after markets regulator Sebi asked companies to disclose in detail their estimated and expected losses due to the Covid-19 pandemic, disclosure ...

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Government tracks package rollout to gauge impact on ground
28 Oct

The government is closely monitoring economic activity as a gradual relaxation in lockdown leads to reopening of businesses to see how the Rs 20 lakh ...

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Blanket ban on recovery impractical, say bankers
28 Oct

 Despite the government announcement of Covid-related delinquencies not being treated as a default, it would be impractical to provide a blanket ...

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Firms may get input tax credit for masks, PPEs
27 Oct

The government could allow companies to claim input tax credit for personal protective equipment (PPE) kits, sanitisers, masks and other such goods di ...

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Auto companies stare at bleak wholesale numbers in May.
27 Oct

While most auto manufacturers have opened their plants after lockdown, the entire production ecosystem is yet to fall in place as support from their s ...

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20 million back in the job in May as lockdown eases.
27 Oct

About 20 million workers came back into employment in May as the government eased the nationwide lockdown to counter Covid-19 outbreak, according to a ...

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Land acquisition rules for road projects take a hit.
27 Oct

 Land acquisition for road projects has taken a hit, as district officials who carry out the activity are busy on Covid-19 duty.
While this af ...

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Govt may get RBI to monetise deficit.
27 Oct

The Centre is likely to look at the option of the Reserve Bank of India (RBI) monetising the deficit in the second half of the financial year, a senio ...

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Non- MSMEs to get cheap govt guaranteed loans too.
27 Oct

Many businesses like hotels, restaurants and service providers — other than micro, small and medium enterprises (MSMEs) — will be eligible to receive ...

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Covid-19 cases in factories don't deter manufacturers.
26 Oct

 Even after an employee at Maruti Suzuki, has tested positive for Covid-19 and in Hyundai Motor India, three people tested positive ,the discover ...

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Input tax credit not applicable on donating medical kits, ventilators, masks under GST
26 Oct

Companies that donated equipment to the government during the Covid-19 crisis will likely be denied the benefit of input tax credit under the goods an ...

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Medium company turnover limit may be doubled for MSME benefits
26 Oct


 The government may enhance the turnover limit for a medium enterprise to ₹200 crore to allow more units to avail the benefits announced for ...

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Minimum wage hike may be deferred this year.
26 Oct


The government could defer mandatory increase in minimum wages for a year in a move that could result in an annual saving of Rs 7,500 crore for th ...

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Asset reconstruction companies (ARCs) are seeking liquidity support from the RBI
26 Oct

 Asset reconstruction companies (ARCs) are seeking liquidity support from the Reserve Bank of India’s initiative to provide long-term funds at re ...

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Bharti to sell 2.75% stake in Airtel for $1bn, reduce debt
26 Oct

 Bharti Telecom, the Indian promoter of telco major Bharti Airtel, is set to sell a stake of up to 2.75% in the mobile services provider through ...

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Jaypee Infratech, parent firm face fraud probe
26 Oct

The government has ordered a probe against Jaiprakash Associates (JAL) and Jaypee Infratech, both facing insolvency resolution, by the Serious Fraud I ...

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Centre likely to fast-track changes for uniform flexi labour laws
25 Oct

The Centre could tweak labour law changes and fast-track their implementation to supersede ordinances issued by three BJP-ruled states to ensure unifo ...

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NBFCs face repayments of Rs. 76k cr in three months as bond mature.
25 Oct

Non banking finance companies (NBFCs) may have got a moratorium from banks on their loan payments but over Rs 76,000 crore of repayments in the debt m ...

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NCLAT bars appointment of bank ex-employee as RP.
25 Oct

An appellate tribunal upheld NCLT order prohibiting appointment of a former bank official as a resolution professional (RP) of a bankrupt company due ...

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DPIIT to seek nod for startup credit scheme, seed fund.
25 Oct

The Department for Promotion of Industry and Internal Trade (DPIIT) will soon approach the Cabinet with a proposal to create a Startup India seed fund ...

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Oil, gas giants may get tax sop as govt works on lifeline
25 Oct

The government is stitching together a package of measures to help domestic oil producers pull through the price crash and the uncertainty in the glob ...

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NHAI begins search for long-term funds amid fears of revenue crunch.
25 Oct

The National Highways Authority of India (NHAI) has started work on new strategies to tap long-term investment from different sources, including insur ...

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After 41 years, RBI sees GDP shrinking.
23 Oct

The Indian economy is expected to contract for the first time in nearly 41 years, while the outlook for inflation remains uncertain, Reserve Bank of I ...

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Amazon to hire 50,000 more for delivery, supply.
23 Oct

 Amid the gloom of job cuts due to the impact of the Covid-19 pandemic on businesses, Amazon India is looking to hire 50,000 seasonal, or tempora ...

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Reliance Jio sells 2% stake to KKR for $1.5 billion.
23 Oct

Continuing with its string of share sales in Jio Platforms to global investors, Reliance Industries (RIL)  agreed to sell 2.32% in the telecom-cu ...

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Loan rejig will happen only after lockdown ends.
23 Oct

Restructuring of loans may happen only after the lockdown ends as it is only then that banks will get an idea of the cash flows of various borrowers. ...

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Covid has hit income of 60% households.
23 Oct

Covid-19 has hit the income of around 60% households across India, showed a survey. The study, conducted by Nielsen across 12 cities, also discovered ...

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RBI slashes key rate 40 basis points to new all-time low.
23 Oct

The Reserve Bank of India  unexpectedly cut key interest rates by 40 basis points, citing negative GDP growth in the current fiscal amidst a "dou ...

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Deposits rise over Rs 2.8 lakh crore in six weeks of lockdown.
22 Oct

Bank deposits have risen by over Rs 2.8 lakh crore in three fortnights of the lockdown till May 8, while bank credit during the period dipped by Rs 1. ...

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Cop canteens has withdrawn order that put fresh procurement on hold.
22 Oct

In what has come as a breather for multinational companies in India, the central police welfare stores body, Kendriya Police Kalyan Bhandar (KPKB) can ...

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Government expected to prioritise expenditure
22 Oct

 The government is expected to prioritise expenditure on sectors such as healthcare, food and transporting migrants over areas such as culture, s ...

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Banks will pay to the government a fee of 0.25% for governemnt guarantee.
22 Oct

To get a government guarantee against defaults on the bonds or the loans that they buy from finance companies, banks will pay to the government a fee ...

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Aditya Birla MF suspends fresh inflows into two debt schemes
22 Oct

Aditya Birla Sun Life Mutual Fund has temporarily suspended fresh investments in two of its debt schemes ,Medium Term Plan and Credit Risk Fund.
Th ...

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Finance minsiter to look at credit flow.
22 Oct

Finance minister  will take up the progress of covid related credit and the extent of pre apporved loans that have been sanctioned. The minister ...

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Home consumption drives up household grocery bills.
21 Oct

Grocery bills have ballooned as home consumption rises and consumers buy larger packs of FMCG products.
The bill sizes had almost doubled in March, ...

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Britain borrows at negative interest rate for first time
21 Oct

Britain sold a government bond with a negative yield for the first time , meaning the government is effectively being rewarded for borrowing after inv ...

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Ola layoff 1400 of its employees, due to its revenue fell by 95% in last two months.
21 Oct

 Ride-hailing major Ola is laying off 1,400 of its employees over the next two weeks. The move comes after its revenues fell by 95% over two mont ...

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MSMEs to get 4-year emergency government-guaranteed loans at 9.25%
21 Oct

Micro, small and medium enterprises (MSMEs) can look forward to a four-year loan with a one-year moratorium at 9.25% under a government-guaranteed eme ...

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Liquidity plan aimed to help NBFCs fails to bring cheer
21 Oct

 The government finalised a special liquidity scheme for non-banking finance companies (NBFCs) and widened the scope of its existing guarantee to ...

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Sebi has allowed listing of units of mutual fund (MF) schemes facing closure.
21 Oct

Markets regulator Sebi has allowed listing of units of mutual fund (MF) schemes that are being closed down. The decision is seen as a move by the regu ...

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Startups step up to help seniors amid lockdown
20 Oct

With many such seniors being stranded by themselves and hence vulnerable, geriatric care is proving to be a big business opportunity for a clutch of s ...

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E-sales get boost from non-essentials.
20 Oct

 With the government allowing online sale of non-essentials in red zones, consumers flocked to e-commerce platforms, resulting in a spike in sale ...

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Hero Moto will defer investments, save cash
20 Oct

The country’s top two-wheeler maker Hero MotoCorp has decided to defer planned investments for capacity additions due to the coronavirus pandemic, and ...

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States with red zones account for 60% of GDP.
20 Oct

There are eight states, with high concentration of red zones, which account for 60% of the country’s GDP and 58% of the workforce at the end of the th ...

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'Vocal for local’: Firms quizzed by govt-run stores
20 Oct

 Taking PM Narendra Modi’s 'vocal for local’ as a call to action, government-run stores such as the Canteen Stores Department (CSD) and the Centr ...

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Government’s economic package only 1% of GDP, say analysts
20 Oct

The government has announced a five-part package and has provided details of how it adds up to Rs 20.97 lakh crore and accounts for nearly 10% of the ...

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Bharti Airtel reports net loss of Rs 5,237 crore in Q4.
19 Oct

Bharti Airtel reported a consolidated net loss after exceptional items of Rs 5,237 crore in the fourth quarter ended March 31, as compared to a net pr ...

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SoftBank Vision Fund loses $17.3 billion
19 Oct

SoftBank Vision Fund, the biggest backer of startups in India, has reported a loss of $17.3 billion on its investments for the financial year ending M ...

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RIL rights offer : Pay 25% upfront
19 Oct

 Shareholders of Reliance Industries (RIL) will have to pay 25% upfront to subscribe to the company’s rights offering opening ...

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States protest linking of additional borrowing limit to four reforms.
19 Oct

Some states have protested the Centre’s move to link the increase in their borrowing limit to conditions such as reforms, saying it sets a bad precede ...

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Goldman sees -45% Q2 GDP growth, jump of 20% in Q3
19 Oct

India’s GDP growth during the July-September quarter could slump to a dismal -45% on a quarter-on-quarter basis thanks to Covid-19-related economic di ...

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70% startups have cash for less than 3 months.
19 Oct

About 70% of startups have cash to last for just about three months, and another 22% have money in the bank for three-six months, according to a surve ...

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All sectors open to priavte players, non-strategic PSUs to be privatised.
18 Oct

The government announced a new Public Sector Enterprise (PSE) policy that will open up all sectors for the private sector while the public sector ente ...

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E-tailers gear up to deliver in all 3 zones except in containment zones.
18 Oct

Economic activity has started to gather pace with more factories rebooting production and large e-commerce players gearing up to expand deliveries.&nb ...

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Govt signals retreat of PSUs even across ‘strategic sectors’.
18 Oct

Finance minister Nirmala Sitharaman  unveiled the government’s plan to limit the role of public sector companies across the economy, while announ ...

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States allowed to borrow more, but with conditions
18 Oct

Acceding to the demand by states to let them borrow more in light of resource crunch and expenditure commitments during Covid-19, Finance Minister Nir ...

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General Atlantic picks 1.3% in Reliance Jio for Rs 6,598 crore
18 Oct

New York’s General Atlantic will pump Rs 6,598 crore ($868 million) into Jio Platforms, marking its largest investment in India. The infusion, which r ...

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Health, travel, apparel sectors disappointed.
18 Oct

 Healthcare, hospitality and apparel exporters were disappointed that the finance minister’s stimulus announcements ignored their sectors. Soon a ...

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Exports fall more than 60% in April,worst slow in 30 years.
16 Oct

According to data released by the Ministry of Commerce & Industry India's overall exports for the month of April has been estimated to be $27.96 b ...

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Virus threatens to derail retail boom for Indian lenders
16 Oct

Indian lenders are facing a jump in coronavirus-related defaults on credit card dues, personal and vehicle loans, forcing them to set aside hundreds o ...

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Laid-off techies link up, find new jobs
16 Oct

Punit Singh, a full-stack developer, is on the SEAriously Awesome People List, a public spreadsheet that seeks to bring together those like Singh who ...

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Zomato cuts 13% jobs, rest face up to 50% pay
16 Oct

Online food delivery major Zomato is slashing its team size by 13%, or 520 people, and implementing a temporary pay cut of up to 50% for the rest of i ...

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General insurance companies retain 90% of April business.
16 Oct

General insurance companies managed to retain 90% of the business they saw last April and reported total premiums collected for April 2020 of Rs 14,20 ...

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World Bank approves $1 bn loans for India for social protection.
16 Oct

The World Bank  approved a $1 billion loan to support India's efforts for providing social assistance to the poor and vulnerable households, seve ...

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Finance minister gives farmers Rs 2 lakh crore in concessional credit
15 Oct

The government  announced concessional credit of Rs 2 lakh crore for farmers and earmarked an additional Rs 30,000 crore as an emergency working ...

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New launch plans to be impacted says Maruti.
15 Oct

The country’s largest carmaker Maruti Suzuki said business and new launch plans will be impacted by disruptions around the coronavirus pandemic. But t ...

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Affordable rental housing for poor soon.
15 Oct

With many migrant workers facing eviction for not being able to pay rent as businesses came to a halt during lockdown, the government said it will rol ...

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Private equity & venture capital firms eyeing the MSME fund of funds.
15 Oct

Private equity and venture capital firms are eyeing the potential slice of Rs 50,000-crore fund of funds for equity investments into micro, small and ...

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Aurobindo Pharma, promoters settle insider trading case with SEBI.
15 Oct

Aurobindo Pharma, its promoter PV Ramprasad Reddy, his wife P Suneela Rani and three other entities have settled an alleged insider trading case with ...

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Ensure access to affordable drugs: India at G-20.
15 Oct

India made a pitch at G20 to ensure that professionals and students are not hit by visa issues due to Covid-19 and sought flexibility in the intellect ...

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Govt announces 25% cut in TDS/TCS rate for non-salary payments.
14 Oct

The Centre’s move to reduce the rate of tax deducted at source (TDS) and tax collected at source (TCS) by 25% is aimed at ensuring more funds for taxp ...

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Govt lowered the statutory contribution by both employee and employer to EPF
14 Oct

The government  lowered the statutory contribution by both employee and employer to the Employees’ Provident Fund (EPF) to 10% each of the employ ...

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Real estate projects may get 9-month extension.
14 Oct

 All real estate projects that had a scheduled completion date on or after March 25 will get six months extension and real estate regulators (RER ...

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New MSMEs’ definition without amending laws.
14 Oct

The Centre revised the investment limit of Micro, Small & Medium Enterprises (MSMEs) and introduced an additional criteria of "turnover" as it rev ...

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Govt to revive NBFC bond market, offers Rs 75k cr aid.
14 Oct

Non-banking finance companies (NBFCs) that had been at the forefront of lending to small businesses have received a Rs 75,000-crore package that will ...

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Govt prescribed Rs. 90000 crore booster for state electric distribution companies.
14 Oct

The government  prescribed a Rs 90,000-crore, roughly $12-billion, dose of cash to lift state distribution companies (discoms) out of their finan ...

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Nirmala Sitharaman leans on banks, institutions to fund package
14 Oct

The first package in the Atmanirbhar Bharat Abhiyan unveiled by FM Nirmala Sitharaman  seems to have leant more on public sector banks (PSBs) and ...

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Govt identifies sectors for Tax concessions.
13 Oct

The government has identified close to a dozen sectors, ranging from capital goods, defence, pharma and electronics to labour-intensive ones such as t ...

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March factory output drops most in 39 years.
13 Oct

The country’s industrial output contracted by a record 16.7% in March, dragged down by a sharp slide in the manufacturing sector as the initial impact ...

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Anil Agarwal to take Vedanta ltd. private in Rs 16,000 crore cash offer.
13 Oct

Metals and mining magnate Anil Agarwal plans to offer Rs 16,200 crore in cash to take the Mumbai-listed Vedanta Ltd private . Vedanta Resources, the L ...

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Over 2.7 crore youngsters in their 20s lost jobs in April.
13 Oct

 Over 27 million (2.7 crore) youngsters in their 20s lost jobs in April, highlighting the pain inflicted by Covid-19 and the lockdown imposed to ...

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IRDAI consolidates changes in Health insurance rules.
13 Oct

 Insurance regulator IRDAI issued consolidated health insurance regulations with amendments that include changes made in the recent past.The guid ...

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Allow Companies to capitalize Covid losses : Deloitte
13 Oct

To ensure businesses remain functional, industry body FICCI and Deloitte have suggested a two-step restructuring. In the first step, the losses for th ...

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Government set to guarantee up to Rs 3 lakh crore loans to MSMEs
13 Oct

The government’s much-awaited stimulus for micro, small and medium-sized businesses is expected to include a provision for additional loans of up to R ...

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Lenders want Bad banks to deal with high NPA's.
12 Oct

Lenders led by SBI are pushing for a ‘bad bank’ in the form of an asset reconstruction company (ARC), preferably sponsored by the government, which ca ...

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Consumer's spending increased as some areas reopen business.
12 Oct

Signs of a revival in consumer demand are emerging after weeks of a declining trend, as the country gradually opens up for business in the green zones ...

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Fresh hiring by top 5 IT companies drops 28% in FY 20.
12 Oct

The top five Indian IT services companies added 65,339 people to their employee headcount in fiscal 2019-20, down 28% from the previous year’s fresh r ...

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Rahul Bhatia owned InterGlobe enterprises weighs bid for Virgin Australia.
12 Oct

InterGlobe Enterprises (IGE) is eyeing Australia’s second-largest airline Virgin Australia Holdings . 
Virgin Australia entered bankruptc ...

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Dishwasher, Vaccum cleaner sales increasing due to lockdown.
12 Oct

 Dishwashers, vacuum cleaners, air purifiers and washing machines have suddenly captured the imagination of Indian households, emerging as ...

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Centre released over Rs. 6000 crore to 14 states to enhance their resources.
12 Oct

The Finance Ministry  released Rs 6,195 crore revenue deficit grant to 14 states to enhance their resources during COVID-19 crisis.
Finance M ...

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Govt plans to check china FPI flows
11 Oct

After foreign direct investment (FDI), the government is looking to clamp down on unbridled access to the Indian market by Chinese portfolio investors ...

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Need of mask and pre-booked seat to enter the office
11 Oct

A mask as part of your formal dressing accessory, a need to pre-book your seat in the office (with the seat pass being your gate pass), staggered cafe ...

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IMPS transfers in April plunge to 2-year low.
11 Oct

The economic impact of the lockdown is reflected in the sharp drop in retail interbank transfers under the Immediate Payment System (IMPS). Transactio ...

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Bank staff under pressure to work at full capacity.
11 Oct

With no improvement in the pandemic situation in the country’s metros and large cities, bank staff are feeling the heat as they are being pressed to g ...

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Fuel demand halves in April, lowest sales since 2007
11 Oct

Fuel sales nearly halved in April from a year ago as the countrywide lockdown and travel curbs imposed since March 24 to check the spread of the coron ...

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No GST on full-time director's salary: AAR.
11 Oct

The controversy on whether remuneration paid to directors of a company is subject to the goods and services tax (GST) has been put to rest by a recent ...

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Techie's Medicine helpline gets 1 million calls in a month.
11 Oct

A million calls across seven states resulting in over 70,000 consultations. Those are the numbers, all within a month, in what is turning out to be th ...

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US firm Vista Equity buys 2.3% stake in Jio for $1.5 billion.
09 Oct

Reliance Industries (RIL) has enetered into a deal with US private equity firm Vista Equity Partners for another stake sale in Jio Platforms. It will ...

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Nomura, Goldman Sachs predicts India’s GDP to contract by 5.2% in FY21.
09 Oct

India’s GDP growth estimate received a clutch of downgrades with Japanese investment bank Nomura and Goldman Sachs forecasting the economy to contract ...

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Lockdown period not to be counted for determining residency status of NRIs, foreign nationals.
09 Oct

The finance ministry announced relief to those who have been facing difficulty with the status of their residency in India under section 6 of the Inco ...

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Wipro gets labour department notice over benching staff, salary cuts.
09 Oct

The Pune labour commissioner’s office recently issued a notice to technology giant Wipro after receiving complaints of alleged benching of 300 employe ...

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Government to borrow 54% more than estimate, fiscal deficit may hit 5.5%.
09 Oct

Weighed down by higher expenses due to the devastating impact of the Coronavirus pandemic on the economy, the government on said it will borrow about ...

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Retail has slowly started moving in India.
09 Oct

After suffering an estimated turnover loss of more than Rs 55,000 crore during the 40-day lockdown, automotive retail chain in the country has started ...

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SEBI asks Franklin to focus on returning the investor's money that stuck in six funds.
08 Oct

SEBI has come down heavily on Franklin Templeton Mutual Fund for its global chief Jennifer M Johnson’s comments that one of the reasons for the closur ...

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SBI cuts lending rate by 15 basis points, launches scheme for senior citizens.
08 Oct

SBI  reduced its marginal cost of lending rate  by 15 basis points (100bps = 1 percentage point). The bank also said that, effective from Ma ...

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Stimulus must be in line with tax-GDP ratio said CEA Krishnamurthy Subramanian.
08 Oct

Chief economic adviser (CEA) Krishnamurthy Subramanian is optimistic that the Indian economy will stage a better recovery once the Covid-19 outbreak s ...

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Yes bank plans to raise Rs.15000 crore by june, as Q4 result Shows elevated bad assets.
08 Oct

Yes Bank plans to create a ‘bad bank’ out of its non-performing assets (NPAs) by hiving off its bad loans into a separate unit and offering the same t ...

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Tata Motors to withdraw Rs 1,000 cr NCD issue due to tight money market conditions
08 Oct

The company has decided to withdraw the issue for private placement of unsecured NCDs in view of the higher cost expectations from the market particip ...

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Food companies miss Ramzan demand in lockdown.
08 Oct

 A subdued Ramzan this year due to the lockdown is proving to be a lost marketing opportunity for several packaged foods companies.Branded produc ...

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Glaxo, Horlicks to sell 6% stake in HUL for Rs.26k crore.
07 Oct

Horlicks and GlaxoSmithKline PTE together are set to sell nearly 13.4 crore shares of FMCG major Hindustan Unilever (HUL).
The transaction will be ...

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Government is fast tracking the move to amend definition of MSME's.
07 Oct

The government is fast-tracking the move to amend the definition of micro, small and medium enterprises (MSMEs) to allow these entities to grow in siz ...

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Walmart gains from corporate tax cut in India.
07 Oct

Walmart’s annual filings have revealed that the corporate income tax cut in India last year helped its earnings per share (EPS) by 11 cents during the ...

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Frxanklin global chief says SEBI's october 2019 rules led to closure of debt schemes.
07 Oct

Franklin Templeton’s global CEO Jennifer M Johnson has blamed markets regulator Sebi’s October 2019 decision to allow mutual funds to invest only 10% ...

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Govt to push reforms in sectors with stimulus.
07 Oct

Wiser from the 2008 experience, the government is looking at pushing reforms in sectors that will be getting the much-anticipated stimulus as part of ...

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Liqour shares slump as state raise excise duty.
07 Oct

Shares of spirits and beer companies were down for the second consecutive day after Karnataka followed other states in raising excise duty on alcohol. ...

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Services PMI falls to record low of 5.4 in April
07 Oct

Services followed manufacturing in touching a historical low as the Purchasing Managers’ Index (PMI) for Services dipped to a mere 5.4 in April as aga ...

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Bank's fresh credit decline by 64% in FY20.
06 Oct

Banks gave out fresh credit, through bonds and loans, of only Rs 6 lakh crore in FY20 — a drop of 64% from Rs 16.8 lakh crore that they handed out to ...

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Reliance Industries plans to buy e-pharmacy Netmeds.
06 Oct

 Reliance Industries is in advanced discussions to acquire a majority stake in online pharmacy Netmeds as part of its broader play in commerce. T ...

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Government allows companies to hold AGM through video conferencing mode
06 Oct

The government has allowed companies to conduct annual general meetings this year through video conferencing and other audio-visual means amid the cor ...

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Over 50% banks agree to provide relief to Micro finance sector.
06 Oct

Over half of the bank lenders to the microfinance sector have extended a moratorium on their loans. While some microfinance institutions (MFIs) have b ...

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Shops can provide cash withdrawal facilities to customers using UPI.
06 Oct

Shops that have been onboarded by lenders for acceptance of electronic payments can provide cash withdrawal facilities to customers of all banks using ...

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Malls, high streets staring at 15-20% vaccant space as retailers going to shut stores.
06 Oct

 Malls and high streets could be staring at 15-20% of vacant real estate space as many retailers are looking to shut unprofitable stores due to c ...

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One in 4 employed lost job across India in March-April.
06 Oct

A jobs crisis is staring the country in the face as several crucial sectors of the economy have been severely impacted by the coronavirus-triggered lo ...

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RBI may ease rules for provision, NBFC'S to get funds.
05 Oct

Lenders both banks and non-banks are likely to get relief in provisioning requirements from the Reserve Bank of India (RBI) with non-banking finance c ...

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Factories ready to resume operations under strict hygiene and tough norms.
05 Oct

The country's mega manufacturing engine is taking baby steps towards opening factories, but under strict hygiene and social distancing norms. Many pla ...

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Manufacturing Purchasing Managers’ Index (PMI) dips to record low of 27.4 in April.
05 Oct

India’s manufacturing activity plummeted to a record low in April as the coronavirus lockdown imposed by the government forced factories to shut down ...

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Curefit lays off 10% of its trainers, other staff; cuts pay across board
05 Oct

Fitness-to-food delivery startup Curefit is laying off 800-1,000 people ,roughly 10% of their total staff across the group. The affected employees inc ...

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AU Small Finance bank's Q4 net profit rises 3.46%% to Rs 122.32 crore as compared to Q4 of 2019.
05 Oct

AU Small Finance bank's net profit rose 3.46% to Rs 122.32 crore in Q4 March 2020 as against net profit of Rs 118.23 crore in Q4 March 2019.Total inco ...

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Pay loan companies like Loanwalle.com, Early salary has stopped fresh funding disbursements.
05 Oct

Lenders who offer loans to salaried employees have been choked as fresh loan disbursements have been impacted due to the on-going liquidity crisis, de ...

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After Facebook, Silver Lake ( US firm) to pay $750 million for 1.2% stake in Jio.
05 Oct

 After Facebook, US-based private equity firm Silver Lake will pay Rs 5,656 crore ($750 million) to acquire 1.15% in the digital and telecom unit ...

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Cash flows for companies dry up due to lockdown
04 Oct

Cash flows, the lifeline of businesses, are drying up fast. Some companies are struggling to pay salaries to employees, while some are looking at wind ...

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State governments face huge revenue shortfall due to lockdown.
04 Oct

Uttar Pradesh government has spent over Rs 12,000 crore in paying salaries and pension for April, when its revenues were Rs 2,284 crore. It’s a s ...

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Around 99% depositors of CKP co-operative bank will get their full payments.
04 Oct

The RBI has said that of the 1.3 lakh depositors of CKP Co-operative Bank, about 99.2% will get full payment of their deposits from the Deposit Insura ...

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Credit risk funds saw 26% slide in their total assets under management (AUM).
04 Oct

In just one week after Franklin Templeton MF’s shock-decision to close down six of its debt funds late on April 23, all the credit risk funds, the hig ...

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Govt panel seeks review of 5G spectrum base price.
04 Oct

A high-level panel on National Infrastructure Pipeline has sought a review of the base price for 5G spectrum auctions, arguing that the reserve price ...

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Jio mart ramps up operations with credit facility and incentives.
04 Oct

Reliance’s JioMart is ramping up operations, intensifying the grocery wars through its kirana commerce pilots with messaging application whatsapp .Sin ...

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The new secretary of MSME said that they will ensure survival of small bunsiness.
04 Oct

 Arvind Kumar Sharma, the new secretary for micro, small and medium enterprises (MSMEs), has said that it is imperative to protect the backbone o ...

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Businesses are treading cautiously on resumption of operations at plants.
02 Oct

Businesses are treading cautiously on resumption of operations at plants, despite the government signalling a graded opening up and allowing offices i ...

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Yield on AT1 bonds increase due to dumping of mutual funds.
02 Oct

 Yields on some additional tier-1 (AT1) or quasi-equity bonds issued by nationalised banks and some non-bank papers have risen to over double the ...

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Lockdown brings auto industry's April sales to Zero.
02 Oct

It was a painful first month of fiscal 2020-21 for the auto industry that registered nil sales in April amid the lockdown and retail as well as mobili ...

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E-commerce looking to start servicing orders in orange and green zones.
02 Oct

 E-commerce companies are looking to start servicing orders for both essentials and non-essentials in orange as well as green zones after the lat ...

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Smart phone market suffers the worst decline ever in Q1 2020 due to Covid-19.
02 Oct

According to IDC’s Quarterly Mobile Phone Tracker, smartphone makers shipped 275.8 million devices in Q1 2020, an 11.7 per cent drop from the same per ...

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Apple Quarterly revenue grew by 1%, but didn't provide the forecast for the first time.
02 Oct

Apple Inc. reported quarterly revenue that grew 1%, but didn’t provide a forecast for the first time in more than a decade, sparking concern that perf ...

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LPG cylinder price cut by a record ₹162.50
02 Oct

Non-subsidised LPG or market-priced cooking gas prices were cut by a record ₹162.50 per cylinder , in line with the slump in benchmark international r ...

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PM Modi signals push to attract firms that exit China to India
01 Oct

Prime Minister signalled a major push to boost investments in the country and capture a part of the supply chain that is expected to move out of China ...

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RIL announces biggest rights issue of Rs 53,125 crore; share sale at 14% discount.
01 Oct

Reliance Industries, India’s most valued company, plans to raise Rs 53,125 crore through a rights offer at Rs 1,257 a share, a 14% discount to the sto ...

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Reliance industries reports 37% drop in Q4 at Rs. 6546 crore.
01 Oct

Reliance Industries’ profit fell 37% to Rs 6,546 crore in the fourth quarter of fiscal 2020.Cash increased to Rs 1.75 lakh crore, compared with Rs 1.5 ...

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SC asks RBI to examine if banks are passing loan moratorium benefits
01 Oct

The Supreme Court directed the Reserve Bank of India (RBI) to ensure that its circular on the three-month moratorium on loan repayment between March 1 ...

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Eight core sector monthly growth fall by 6.5% in march, biggest fall in 8 years.
01 Oct

The eight core sector industries, which account for over 40% of the index of industrial production (IIP), slumped 6.5% in March the steepest monthly f ...

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Steepest fall in demand for energy since World War II.
01 Oct

The International Energy Agency  said renewables will be the only energy source that will be resilient to the coronavirus pandemic wiping out dem ...

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Electric vehicle companies modify product strategy, defer capital expenditure to meet post Covid scenario.
01 Oct

The electric vehicle industry is preparing for life after lockdown by deferring capex and tweaking its product strategy to focus on new and emerging s ...

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Nielsen has downgrade its annual growth forecast for FMCG sector to 6 % for year 2020.
01 Oct

Market research firm Nielsen revised its outlook for the growth of the FMCG segment, downgrading it from 9-10% to 5-6% for this year as a consequence ...

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Salary cuts, layoff and leave reduction announced by companies.
30 Oct

A number of companies are looking at ways to cut costs, as the Covid-19 pandemic plays havoc with consumer demand. Hardcastle Restaurants,  plans ...

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Supreme Court asks I-T department to refund Rs 733 crore to Vodafone Idea
30 Oct

The Supreme Court granted partial relief to Vodafone Idea Ltd by asking the income tax (I-T) department to refund Rs 733 crore to the telecom firm wit ...

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Govt makes plan to boost FDI flows.
30 Oct

The government has begun consultations with stakeholders on ways to step up foreign investment into the country, with commerce and industry minister P ...

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Industry has sought clarity from govt on guidelines issued for restarting units.
30 Oct

Indian industry has sought fine-tuning of guidelines for restarting units and has demanded greater clarity on rules to ensure that business entities a ...

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After govt order Business are seeking health covers for staff to restart operations.
30 Oct

 Businesses are queuing up to buy group health covers after a government order requiring companies to mandatorily provide insurance for workers i ...

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Companies announced "lockdown offers" on luxury products to customers.
30 Oct

 With dealerships shut and uncertainty over when retail will open up, companies have started to roll out ‘lockdown offers’ to prospective custome ...

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Empty manufacturing plants may lose property cover
29 Oct

Large manufacturing plants that have fallen silent due to the lockdown risk losing their insurance cover if the Covid-19 induced restrictions get exte ...

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Disaster planning top priority for India inc.
29 Oct

 Disaster planning for business continuity and survival has emerged as the top priority for organisations as recovery from Covid-19 is expected t ...

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Government considering ordinance route for Companies Act amendments.
29 Oct

The government is considering a fresh ordinance to amend the Companies Act to decriminalise several offences, apart from allowing Indian companies to ...

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VPN norms relaxed for IT industry till July end.
29 Oct

As uncertainty over the lockdown remains, the government has decided to extend the relaxed connectivity norms for virtual private networks (VPNs) appl ...

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Whatsapp looks at lending after payments nod.
29 Oct

WhatsApp is looking at lending to its customers in India, according to one of its objectives of operations listed in its memorandum of association (Mo ...

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Axis will buy 29% in Max Life, awaits regulatory nod
29 Oct

 Axis Bank’s board approved a deal with Max Financial Services to buy a 29% stake in Max Life Insurance for an undisclosed cash consideration. Th ...

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RBI opens a Rs 50,000 crore special funding line for Mutual Funds.
28 Oct

The RBI provided a special facility with an initial corpus of Rs 50,000 crore for mutual funds to borrow from it using the banking channel.It is open ...

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RIL to finalise first right offers in 29 years on April 30.
28 Oct

Reliance Industries (RIL), India’s most valued company, is planning a rights issue  its first fund-raise from the public in 29 years. The co ...

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No Call yet on monetising fiscal deficit said RBI governer.
28 Oct

The Reserve Bank of India (RBI) governor Shaktikanta Das has indicated that the fiscal deficit target of 3.5% will be breached this year, but he said ...

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Jio-Facebook alliance may go beyond kirana stores.
28 Oct

The partnership between India’s largest conglomerate Reliance Industries and US social media giant Facebook could expand beyond the scope of just onbo ...

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Shapoorji Pallonji arm to sell solar assets worth $204 million to KKR
28 Oct

 Shapoorji Pallonji (SP) Group plans to sell $1 billion worth of green energy and other infrastructure assets to augment its balance sheet. It so ...

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New HR policy for Work from home will come soon.
28 Oct

After more than a month of national lockdown, both employers and employees have eased into a new way of working i.e.work from home (WFH). WFH,  h ...

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Franklin Templeton marks down six Fund of funds FoF.
27 Oct

Franklin Templeton MF, the troubled fund house that was forced to close six of its debt funds due to extreme liquidity in the market, has marked down ...

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Govt. looks at reforms in agriculture,manufacturing sectors.
27 Oct

The Centre is examining a “significant number” of reforms along with staggered stimulus packages aimed at various stressed sectors of the economy as p ...

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Top rated companies wants to defer loan repayments.
27 Oct

A couple of triple-A-rated companies and those belonging to top business groups have sought relief on loan repayment. The fact that these companies ha ...

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US Stimulus will be positive for IT industry.
27 Oct

 Infosys CEO Salil Parekh said the fiscal stimulus that most western economies have announced, especially the US, is a huge positive for the IT i ...

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Government may stand guarantee for extra funds to bail out MSMEs
27 Oct

The government is considering a proposal to provide guarantee to micro, small and medium enterprises, for accessing additional working capital. Banks ...

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50 IRS officers face probe for unsolicited hike-tax call
27 Oct

An annoyed government distanced itself from controversial tax proposals such as a Covid-19 cess and a wealth tax on the rich from a group of revenue s ...

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After the 6 debt funds closure, AMFI rushes in for damage control.
25 Oct

 Association of Mutual Funds in India (AMFI) said that the Franklin Templeton incident was an isolated one and there was ample liquidity in the s ...

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States can amend law to increase fiscal deficit over the target rate of 3% of GDP.
25 Oct

While acknowledging that states may face difficulties in raising resources due to Covid-19, 15th finance commission chairman N K Singh said that they ...

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Indian Forex Reserves grows $3 billion to $480 billion on rising dollar, gold
25 Oct

India’s forex reserves rose by $3 billion during the week ended April 17 to $479.6 billion. Half the increase was because the value of gold held by th ...

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Oil heads for another weekly slide on coronavirus turmoil.
25 Oct

Oil prices rose on 24th April, but both the Brent and US benchmarks were on track for their third straight week of losses as global production shutdow ...

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Companies see cah as king, cut Capex Plan
25 Oct

Bogged down by the coronavirus-related lockdowns, India Inc has decided to adopt a strategy of financial prudence for the new fiscal year. As costs re ...

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During Lockdown, edutech and healthcare companies look to hire fresh talent.
25 Oct

Companies witnessing a business swell due to Covid, be it edu tech or healthcare startups, are going a step further and recruiting more hands to meet ...

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India post delivers Rs. 412 crore cash to doorsteps during lockdown.
25 Oct

The lockdown has set off a banking revolution. Irrespective of which bank you have an account within a city or a village without a branchyou can call ...

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After RIL’s kirana play, Amazon moves to woo neighbourhood stores
24 Oct

The Amazon said it has on-boarded 5,000 offline retailers across categories on its platform under what it calls 'Local Shops'. Started as a pilot six ...

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Retailers deliver to Resident Welfare Associations in bulk.
24 Oct

Large chain retailers have tied up with resident welfare associations (RWA) across the country to deliver essential products like bulk groceries insid ...

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Top companies, PSUs set to issue over Rs 45,000 crore bonds in April
24 Oct

 Despite the lockdown, Indian corporates and PSU's  have raised over Rs 30,000 crore the highest ever  by selling short-term to medium- ...

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Banks avoid NBFC lending , applied for 50% of RBI's finance.
24 Oct

Small non-banking finance companies continued to be shunned by banks, which availed only half of the Rs 25,000-crore refinance offered by the RBI for ...

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Remittances to india projected to fall by 23%
24 Oct

Remittances are projected to fall by about 23% in 2020 to $64 billion In India , a striking contrast with growth of 5.5% and receipts of $83 billion s ...

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Indigo will not cut salary for april for most employees.
24 Oct

 At a time of endemic pay cuts and layoffs across all sectors, IndiGo has decided to pay full salary for April to a majority of its employees. La ...

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Franklin Templeton to shut 6 debt funds.
24 Oct

Franklin Templeton Mutual Fund, has decided to close down six of its debt funds, which currently manage nearly Rs 25,900 crore in all. The move is due ...

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RIL plans to bring kiranas closer to consumers
23 Oct

At the centre of the Reliance-Facebook deal is the commercial partnership between Reliance Retail and WhatsApp to push out what it calls new commerce, ...

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Government readies lifeline for producers as Brent hits 21-year low
23 Oct

With International benchmark Brent dipping just below $16 , the oil ministry has proposed a set of measures to help domestic oil producers .The option ...

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Abu Dhabi royal invests Rs 7,600 crore in retailer LuLu
23 Oct

 An Abu Dhabi investment firm, led by Sheikh Tahnoon Bin Zayed Al Nahyan of the ruling family, invested nearly $1 billion (Rs 7,600 crore) in LuL ...

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Facebook-Reliance Jio: Competition panel needs to clear deal
23 Oct

Given the size of the transaction, pegged at Rs 43,574 crore, Facebook’s deal with Mukesh Ambani’s Reliance Jio will need to be cleared by anti-trust ...

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Facebook deal may keep RIL on road to zero-debt plan
23 Oct

 The $5.7 billion (Rs 43,574 crore) investment by Facebook in Jio Platforms will help Mukesh Ambani deleverage Reliance Industries’ (RIL) balance ...

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Railways offers to supply 2.6L meals daily, says states can pay later
23 Oct

The railway ministry has offered to supply 2.6 lakh meals daily at Rs 15 each from railway kitchens across the country wherever the district administr ...

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Up to 7 years’ jail for attack on health workers.
23 Oct

The cabinet approved an ordinance making acts of violence against doctors and frontline personnel a cognisable and non-bailable offence punishable wit ...

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Retailers discussing for Revenue share model from mall owners.
22 Oct

Top retail companies, including Future Group, Aditya Birla, Arvind, Raymond and Litebite Foods, are in discussion with mall owners to move into a pure ...

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Crude oil price crash will ease some Covid-19 pain for India.
22 Oct

US crude WTI sank into negative territory for the first time in history at -$37/barrel and Brent, the benchmark for two-thirds of the global oil trade ...

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HC quashes criminal prosecution of 2 former Infra leasing & financial services ltd auditors.
22 Oct

In a major relief to former Infrastructure Leasing & Financial Services (IL&FS) auditors BSR & Associates (a KPMG-affiliated firm) and Del ...

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Exporter face losses on forward $ contract.
22 Oct

Many exporters who have sold their anticipated dollar revenues in the forward market are staring at a crisis as they risk losing millions. While the d ...

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WhatsApp’s new update now allows 8 users in audio, video calls
22 Oct

WhatsApp has  increased the limit on the number of participants who can join a video call from 4 to 8. “WhatsApp is rolling out the new limi ...

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Oil in negative zone: MCX buyers face Rs 410 crore fund dues
22 Oct

The negative closing for WTI crude on the Nymex has caught a large number of Indian buyers of crude oil contracts on the MCX here on the wrong foot. T ...

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HC order on Indiabulls Non convertible debentures dues puts MFs in tight spot
21 Oct

An order of the Delhi high court obtained by private sector lender Indiabulls Housing Finance against markets regulator Sebi has put mutual fund house ...

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Government to issue Rs 4.5 lakh crore treasury bills in Q1 FY21
21 Oct

With ample liquidity currently available in the banking system, the government has decided to borrow an additional Rs 1.50 lakh crore that is 50% more ...

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China investment arms use P-Note, FPI routes too
21 Oct

 It’s not only direct investments like in HDFC in which the neighbouring country’s People’s Bank of China (PBoC) now has 1% stake. China, through ...

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Infosys Q4 net up 6.3%, suspends FY21 guidance citing uncertainty
21 Oct

The country's second-largest IT services player Infosys reported a 6.3 per cent rise in consolidated net profit to Rs 4,335 crore for March 2020 quart ...

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Treat ad costs as investment, give tax relief: AAAI to government
21 Oct

The business of advertising agencies has shrunk by more than 70% following the spread of Covid-19 and the subsequent lockdown. In a recommendation to ...

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Paytm cuts losses 20% as e-pays fall
21 Oct

 Paytm has started curbing expenditure amid the pandemic to extend its runway. The e-payments has been cutting costs at a rate of 15-20% in the l ...

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Auto, Phone companies have to wait for local clearance to restart factories.
20 Oct

The Union government’s plans to restart industrial activity in a staggered manner may have to wait as several states are yet to release operational gu ...

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Government to chart plan for higher investments.
20 Oct

The government is beginning to reach out to domestic and global investors to work out a strategy for higher investments and reduced reliance on import ...

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FPIs pull out Rs 12,650 cr in April amid Covid-19 turbulence
20 Oct

Foreign portfolio investors (FPIs) have withdrawn a net Rs 12,650 crore from the Indian capital markets in April so far amid the coronavirus crisis.Be ...

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Cognizant technology solutions hit by "MAZE" ransomeware attacks.
20 Oct

Tech major Cognizant Technology Solutions (CTS) has said that it was a victim of ransomware attack .The anonymous hackers group behind Maze attacked t ...

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Sebi weighs options to aid MFs in moratorium spot
20 Oct

Markets regulator Sebi is debating how it can help mutual funds and NBFCs to tide over the current difficult situation .The RBI being the lender of th ...

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E-tail growth may fall to zero after government’s U-turn
20 Oct

India, which is pegged as the world’s fastest-growing online retail market, is not expected to grow in 2020.The industry faces an indefinite closure o ...

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Government wary of tax cuts, may offer funding to keep businesses afloat
20 Oct

Support for businesses hit by the pandemic and the lockdown can come in the form of measures like a higher working capital limit to help them tide ove ...

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RBI announces 2nd Rs 1 Lac crore lifeline, prompts banks to lend more
18 Oct

Three weeks after it unveiled its first package on March 27 for an economy battered by the Covid-19 pandemic, the Reserve Bank of India sought to ensu ...

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TVS Motor Company acquires Britain’s Norton Motorcycles
18 Oct

TVS Motor Company announced successful acquisition of Britain’s iconic sporting motorcycle Norton, in an all-cash deal for a consideration of GBP16 mi ...

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FMCG sales hit in March 4th week on supply chain woes
18 Oct

After posting a high double-digit growth in first three weeks of March, FMCG sales across channels dipped sharply in the last week as supply chain hur ...

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RBI’s relief for non-banking financial institution to support real estate sectors, small business.
18 Oct

The Reserve Bank of India (RBI)  allowed real estate developers up to one more year to start repayment of loans availed from non-banking financia ...

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Now, non-hyperlocal delivery firms help ease supply woes
18 Oct

It takes upto 5 days to get a slot for grocery delivery from online grocery platforms such as BigBasket or Grofers.Following food delivery firms which ...

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RBI allows states to borrow Rs 19k cr more through WMA option
18 Oct

The RBI has allowed states to borrow about Rs 19,200 crore more from it through the Ways & Means Advance (WMA) window.The central bank said states ...

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Govt readying stimulus for corporates, relief for poor
17 Oct

The government is giving the final touches to a comprehensive stimulus package that aims to address the concerns of the common man as well as the corp ...

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E-comm players can deliver non-essentials
17 Oct

In a major relief to consumers, ecommerce companies will be allowed to deliver essential and non-essential items from April 20, even as firms step up ...

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Rupee to average at 77 against dollar in 2020
17 Oct

Fitch Solutions on Tuesday revised down its forecast for the Indian rupee, saying the currency will average 77 per US dollar in 2020 and 80 in 2021 am ...

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ICICI Bank seeks rent waiver from landlords
17 Oct

ICICI Bank has asked all its operating offices to seek a complete waiver on rental payments till the time the country is under lockdown to cushion the ...

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Pricol invokes ‘force majeure’ as ‘matter of precaution’
17 Oct

Coimbatore-based automotive component and precision-engineered product maker Pricol has invoked the force majeure clause against all its suppliers and ...

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E-tailers may get to sell electronics from Apr 20
16 Oct

Consumers looking to buy more than just daily groceries may be in for some relief as e-commerce majors are getting ready to accept and ship orders aft ...

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Factories enforce strict hygiene, distancing norms
16 Oct

Compulsory passage through disinfectant tunnels, mandated quarantine zones, limited workforce, wearing of masks and gloves at all times, strict social ...

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Labour crunch likely to hit India Inc's plan to reboot business
16 Oct

The government has permitted manufacturing and other industrial establishments to operate from April 20, but the big question is how will they bridge ...

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RBI’s bond refinance cap at 10% of a single issuer
16 Oct

To ensure that the cheap refinance it provides to banks is not cornered by large corporates, the Reserve Bank of India (RBI) has tightened rules for t ...

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Exports fall at fastest pace in 25 years in March
16 Oct

India’s exports contracted by 34.5 percent in March, the steepest monthly fall in at least 25 years, as overseas demand remained lackluster due to the ...

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IT-ITeS allowed to resume work
16 Oct

The Ministry of Home Affairs on Wednesday permitted information technology (IT) and IT-enabled services firms to function at 50 percent strength begin ...

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Government taps logistics firms to link consumers with kirana shops
15 Oct

The government is ready with a scheme to get Kirana stores to directly deliver essential goods at your doorstep using the network of logistics firms t ...

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IMF projects India's growth rate at 1.9% in 2020, forecasts global recession due to COVID-19
15 Oct

The International Monetary Fund (IMF) on Tuesday projected a gross domestic product (GDP) growth of 1.9 percent for India in 2020, as the global econo ...

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Amazon stock hits record high on hopes for a coronavirus-related boom
15 Oct

Amazon.com Inc. shares closed at a new high, as the e-commerce and cloud-computing powerhouse continued to be seen as a safe target for investors in a ...

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HDFC proposes stressed real estate fund with SBI
15 Oct

HDFC chairman Deepak Parekh has said that the corporation would talk to State Bank of India (SBI) to set up a stressed real estate fund with the parti ...

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Apparel makers push WFH dressing
15 Oct

As working from home is catching up, apparel and lifestyle companies are clinging on by launching their own work from home line-up.With the fine line ...

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Capgemini India raises salary for 70% staff, grants allowances
15 Oct

In a move that is seen as a benevolent gesture in the time of the COVID-19 crisis, French tech major Capgemini, which employs nearly 1.2 lakh people i ...

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Centre to track prices of 22 food items in 114 cities
14 Oct

Amid concerns over depleting stock of essential items, the Centre has decided to track the prices of 22 essential food items in 114 cities and other c ...

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RBI goes all out in MPC meet to tackle crisis
14 Oct


 RBI governor Shaktikanta Das had called for “all-out” efforts to protect the domestic economy from the adverse impact of the COVID-19 pandem ...

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PE & VC deal-making set for further dip in June quarter.
13 Oct

Private equity (PE) and venture capital (VC) investments, which were already down 20-40% during the March quarter, are expected to come to a grinding ...

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Liquor companies seek nod for online, on-call sale
13 Oct

 There may be good news for tipplers. Liquor companies have petitioned the central and state governments to allow online sale as well as oncall p ...

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Banks stock up on cash to keep ATMs full
13 Oct

Banks are keeping two-and-half to three times more cash across their network to ensure that there is no dearth of currency at branches or ATMs at a ti ...

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Dont use lockdown time in moratarium to declare NPA's.
13 Oct

To balance the rights of two borrowers defaulting since January 15, 2020 and ICICI Bank, during the Covid-19 crisis, the Bombay high court said  ...

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The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments.
13 Oct

The department of promotion of industry and internal trade (DPIIT) has sought opening up 16 manufacturing segments - from food and beverages to auto, ...

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Top NBFC's may not get RBI repreive.
13 Oct

The country’s top NBFCs that are actively monitored by the RBI have around Rs 65,000 crore of bank debt maturing in three months and may not get any r ...

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Risk of non- payment of debt of Rs 1.75 lakhs crore by NBFC.
11 Oct

Debt worth Rs 1.75 lakh crore, maturing by June 2020, may be at risk of not being paid if the RBI does not move quickly to cla ...

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Retailers put limits on purchasing of essential food items.
11 Oct

With shortages across products, many large retail chains across the country are putting restrictions on how much a customer can purchase at a time to ...

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Industry readies plans for resuming factories after lockdown.
11 Oct

 A leading consumer durables company has begun sanitising its plant in north India for a possible opening-up after three weeks of lockdown due to ...

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India to stay centre for global energy demand: oil minister at G-20 Summit.
11 Oct

Energy ministers of G20 countries backed the deepest-ever production cut deal to rebalance the global oil market, with India and Saudi Arabia represen ...

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Reinsurers’ policies not to cover pandemics
11 Oct

Most Indian organisers, like the Indian Premier League (IPL), missed out on a pandemic cover for events because the markets started shutting down soon ...

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Kirana-supplying B2B cos see orders rise 60%
11 Oct

 India’s business-to-business (B2B) commerce startups like Udaan, Jumbotail, WayCool and Ninjacart which supply groceries and vegetables to tens ...

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Global eco expected to slump in recession.
10 Oct

The Reserve Bank of India’s monetary policy report released  shows that while inflation is expected to be lower than expected, the coronavirus pa ...

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Dal, atta , biscuits, noodles supply hit.
10 Oct

There is an acute shortage of staples like rice, atta and dal, and packaged foods like instant noodles, biscuits and snacks in many retail stores and ...

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Factory output at 7 month high of 4.5% in feb.
10 Oct

The country’s industrial output growth rose to a seven-month high in February, led by a robust expansion in mining, manufacturing and electricity. But ...

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Food delivery companies share staff’s temperature readings
10 Oct

India’s largest food delivery platforms like Zomato, Swiggy and Rebel Foods, which runs brands Behrouz Biryani and Ovenstory, and tea chain Chaayos ar ...

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Indian can meet global HCQ demand with domestic.
10 Oct

 Ipca Labs has said there is a large supply of hydroxychloroquine (HCQ), the much-touted drug being used for treating certain Covid-19 patients, ...

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IMF warns of worst fallout since Great depression.
10 Oct

Global growth will turn sharply negative in 2020, and the International Monetary Fund (IMF) anticipates the worst economic fallout since the Great Dep ...

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Pharma FMCG stocks come as outliners during lockdown.
09 Oct

At a time when almost every sector is struggling with production and revenue generation and staring at probable losses due to coronavirus-related issu ...

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Commerce department pitches for limited restarting of manufacturing.
09 Oct

The commerce and industry ministry has pitched for resumption of manufacturing activity, especially for exports, in a limited manner, with companies f ...

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Nasscom seeks govt help for benched employees.
09 Oct

IT industry body Nasscom is seeking a financial package from the government to save the jobs of employees in business process management (BPM) firms a ...

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Fuel demand likely to fall by 40% in April.
09 Oct

India's fuel demand, after falling by around 20 per cent in March, is likely to decline further to 40 per cent in April, impacting pricing and increas ...

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3.5 lakh trucks carrying Rs 35,000 crore goods stranded on roads
09 Oct

 An estimated 3.5 lakh inter-state trucks carrying goods worth over Rs 35,000 crore are stranded on roads, outside factories and godowns, accordi ...

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Maruti's production fell by 32% in march.
09 Oct

 The country's largest carmaker Maruti Suzuki India has decreased production by 32.05 per cent in March.The company produced a total of 92,540 un ...

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GDP to grow 1.6% IN FY21 as per Goldman sachs.
09 Oct

India’s GDP growth is estimated to plunge to 1.6% for fiscal year 2021due to the impact of the Covid-19 pandemic, down from the earlier projection of ...

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Auto parts companies face late payments.
08 Oct

Payments to over 200 component suppliers in the auto industry will be partial and delayed as car makers Renault and Nissan, top two-wheeler seller Her ...

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Kirana store come to rescue of their customers
08 Oct

Consumers are at their wits’ end. They wholeheartedly endorsed e-commerce as a new medium of ordering anything and everything including grocery in the ...

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SBI reduces savings account interest rate to 2.75%.
08 Oct

The country’s largest lender, State Bank of India (SBI), announced today that it has cut interest rates on saving accounts by 25 basis points. With ef ...

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Price hike by chinese suppliers hit Indian companies
08 Oct

 Chinese suppliers have raised prices of components by 2% and TV panels by 15%, piling more misery on the domestic consumer durables sector, Indi ...

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Markets jittery over rising state bond yield.
08 Oct

The bond market is factoring in higher costs on states due to the pandemic, which could stretch their finances in the next few years.In recent state l ...

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Zydus cadila boost HCQ production 10X
08 Oct

Zydus Cadila, one of the two largest manufacturers of key Covid drug hydroxychloroquine (HCQ), has ramped up its production by nearly 10X to 30 metric ...

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Over 20% export orders cancelled.
07 Oct

Covid-19 has led to exporters bleeding with upwards of 15-20% of the orders getting cancelled and a major amount of funds being locked up, owing to no ...

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Internet becomes biggest source for information and entertainment.
07 Oct

Online has become the new highway for Indians as growing concerns over coronavirus and the subsequent lockdown order restricted people at home, making ...

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Staffing companies fears job cut after lockdown.
07 Oct

 Nearly 3.5 million employees who are on the rolls of various staffing companies are on tenterhooks as they wait for reopening of factories and o ...

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Companies use halted plants’ kitchens to feed migrants
07 Oct

Factories are shut and workers are sitting idle. What better use could corporates have made of their factory kitchens in these unprecedented times, ot ...

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Difficulty in getting new mobile connection as retail stores shut.
07 Oct

Issuance of new mobile connections has come to a complete halt during the lockdown, with retail stores of telecom companies being shut, thereby making ...

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Retailers requested to add more items to key list of essential goods.
06 Oct

Retailers have sought inclusion of more items in the list of essential goods that consumers should be allowed during the lockdown due to the coronavir ...

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Demand for summer products set to get hit.
06 Oct

The coronavirus cloud has taken the wind out of the sails of summer products such as air-conditioners, ice-creams, soft drinks, frozen desserts and re ...

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Personal loans are now 28% of total bank credit.
06 Oct

The share of personal loans in the books of banks has outgrown credit to large industry over the last 12 months. Home loans are now the single biggest ...

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IRDAI gives 30 more days to pay life insurance premium.
06 Oct

 IRDAI has given 30 extra days for life insurance poli