Akshit Tyagi
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RBI projects 7 per cent GDP growth for FY25, lower than FY24 projection of 7.30 per cent
Business | Feb 08, 2024, 12:19 PM ISTThe real GDP growth for FY25 is forecast at 7 per cent, with growth rates of 7.2 per cent and 6.8 per cent expected in the June and September quarters.
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RBI keeps repo rate unchanged at 6.50 per cent for sixth time in a row
Business | Feb 08, 2024, 12:21 PM ISTThe monetary policy committe led by Shaktikanta Das has kept the repo rates unchanged at 6.50 per cent.
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Sensex climbs 321 points, Nifty soars to 22,011 ahead of RBI MPC meeting
Business | Feb 08, 2024, 10:18 AM ISTThe Sensex rose by 321.42 points while the Nifty increased by 80.55 points.
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RBI will deal with Paytm issue, government has nothing to do with it: Financial Services Secretary
Business | Feb 08, 2024, 07:52 AM ISTJoshi said that the reserve bank must have taken the action in the overall interest of the consumer and the economy.
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RBI Monetary Policy Meeting: Will Shaktikanta Das-led MPC keep repo rate stance unchanged?
Business | Feb 08, 2024, 07:21 AM ISTThe RBI has kept the repo rate steady at 6.50 per cent over the past year, last raising it in February 2023 from 6.25 per cent.
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Nestle India Q4 profit surges over 4 per cent to Rs 655 crore, revenue rises 8 per cent
Business | Feb 07, 2024, 02:31 PM ISTNestle's domestic sales increased by 8.86 per cent to Rs 4,421.79 crore, driven by pricing and mix growth, particularly notable in e-commerce and out-of-home channels.
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Some amount of trade with Pakistan conducted through air, sea routes, says government
Business | Feb 07, 2024, 02:01 PM ISTAccording to Anupriya Patel, Union Minister of State for Commerce and Industry, trade through land routes has been halted by Pakistan, but transactions continue via sea and air routes.
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Oil firms losing Rs 3 per litre on diesel, profits on petrol shrink
Business | Feb 07, 2024, 06:35 PM ISTOil companies have refrained from adjusting petrol, diesel, and cooking gas prices for nearly two years, leading to losses when input costs were higher and profits when raw material prices were lower.
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EIH shares hit 20 per cent upper circuit after robust Q3 performance
Business | Feb 07, 2024, 12:27 PM ISTThe company posted a consolidated profit after tax of Rs 229.94 crore, an increase of 54.6 per cent from the year-ago period.
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Jana Small Finance Bank IPO opens today, here's all you need to know
Business | Feb 07, 2024, 12:03 PM ISTThe issue has a primary share sale of Rs 462 crore at the upper end of the price band, with the remaining Rs 108 crore as an offer for sale.
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Paytm surges 10 per cent after CEO Vijay Shekhar Sharma meets Finance Minister Nirmala Sitharaman
Business | Feb 07, 2024, 10:32 AM ISTShares of One97 Communications opened at Rs 461.30, surpassing the previous day's closing price of Rs 451.60.
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Stock market today: Sensex surges 0.44 per cent, Nifty rises 113 points to 22,042
Business | Feb 07, 2024, 09:58 AM ISTThe Sensex rose by 317.43 points, or 0.44 per cent, while the Nifty rose by 113.30 points, or 0.50 per cent.
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Tata Group surpasses Rs 30 lakh crore market cap amid rally in TCS, Tata Motors
Business | Feb 07, 2024, 09:03 AM ISTReliance Group holds the second position at Rs 21.60 lakh crore, followed by the Adani Group in third place with a total market value of Rs 15.54 lakh crore.
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Paytm CEO Vijay Shekhar Sharma meets Finance Minister Nirmala Sitharaman amid regulatory concerns
Business | Feb 07, 2024, 07:38 AM ISTThe Reserve Bank of India issued a directive on January 31, which mandated an immediate halt to the onboarding of new customers by Paytm Payments Bank and called for a cessation of its key banking services post-February 29.
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Britannia Q3 net profit declines 40 per cent to Rs 555 crore, sales rise over 2 per cent
Business | Feb 07, 2024, 07:02 AM ISTBritannia posted a net profit of Rs 932.40 crore in the same quarter a year ago. The company's net sales during the quarter rose by 2.2 per cent to Rs 4,191.83 crore.
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Upcoming IPO this week: Rashi Peripherals, Jana Small Finance Bank and more
Business | Feb 06, 2024, 02:40 PM ISTMarket experts maintain an optimistic outlook on the IPO market for 2024 on the back of strong domestic and foreign investments.
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India will see investment of USD 67 billion in energy sector in next 5-6 years: PM Modi
Business | Feb 06, 2024, 01:37 PM ISTIndia is the third-largest consumer of crude oil and LPG and the fourth-largest importer of LNG.
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Government to sign multi-billion dollar agreement extending LNG imports from Qatar for 20 years
Business | Feb 06, 2024, 12:51 PM ISTThe deal to extend LNG imports from Qatar will be signed between Petronet LNG Ltd and QatarEnergy during India Energy Week in Betul, Goa.
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Bharti Airtel surges 4 per cent after Q3 net profit rises 54 per cent to Rs 2,442 crore
Business | Feb 06, 2024, 12:08 PM ISTThe stock climbed 3.78 per cent to Rs 1,155.95 on the BSE and by 3.82 per cent to Rs 1,156.10 on the NSE.
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Paytm surges nearly 8 per cent, recovers from 42 per cent loss in three sessions after RBI curbs
Business | Feb 06, 2024, 12:08 PM ISTThe stock plummeted by over 42 per cent over the past three days, resulting in a loss of Rs 20,471.25 crore in market valuation.