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  Future Retail says reviewing HC order, Amazon welcomes verdict

  December 21, 2020 20:55 IST

  Kishore Biyani-led Future Retail Ltd (FRL) on Monday said it is “reviewing” the Delhi High Court order that has rejected its plea to restrain Amazon from writing to regulatory authorities about the SIAC arbitral order against its asset sale under a Rs 24,713 crore deal with Reliance.

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  India to witness double-digit growth in 2021-22: Report

  December 21, 2020 20:12 IST

  The economy contracted by a historic 23.9 per cent in the first quarter of 2020-21 on account of the impact of the coronavirus pandemic.

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  Here's how Indian Railways plans to transport COVID-19 vaccine

  December 21, 2020 18:15 IST

  Even as the trials of several Covid vaccines are in progress, the Indian Railways is in talks with the government over the transportation of the vaccine through its refrigerated wagons.

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  Gold Price Today: Gold rises Rs 496; silver jumps Rs 2,249

  December 21, 2020 16:32 IST

  Gold prices rose Rs 496 to Rs 50,297 per 10 gram  in the national capital on Monday in line with rally in international precious metal prices and rupee depreciation, according to HDFC Securities. 

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  Sensex tanks 1,407 points as new COVID-19 strain in UK triggers global selloff

  December 21, 2020 16:27 IST

  Equity benchmark Sensex plummeted 1,407 points on Monday as panic over a new strain of coronavirus in the UK led to a massive selloff in global equities.

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  No significant impact on company, says Wistron on iPhone manufacturing plant violence in Karnataka

  December 21, 2020 15:03 IST

  Taiwanese contract manufacturer for Apple Inc., Wistron Corp. has said that the recent violence at its facility in Karnataka will not cause significant impact to the company.

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  Sensex plunges over 1,500 points, Nifty slips below 13,450-mark

  December 21, 2020 15:02 IST

  Sensex fell below over 1,500 point on Monday just before the closing, tracking weak cues from global markets amid concerns over a new strain of the virus leading to fresh restrictions in European countries. The Nifty too slipped below 13,450-mark.

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  Indigo partners with car rental company Urban Drive

  December 21, 2020 13:17 IST

  IndiGo on Monday announced that it has partnered with car rental company Urban Drive so that passengers can book self-driven and chauffeur driver services across 60 cities in India. Passengers will be able to book this service using the airline's website.

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  AstraZeneca Pharma gets DCGI nod to market asthma drug

  December 21, 2020 11:00 IST

  Drug firm AstraZeneca Pharma on Monday said it has received marketing authorisation from Drug Controller General of India for Benralizumab solution, indicated as an add-on maintenance treatment for severe asthma.

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  Sensex drops over 200 points in early trade; Nifty slips below 13,700

  December 21, 2020 10:06 IST

  In the previous session, Sensex settled at a record 46,960.69, up 70.35 points or 0.15 per cent, while Nifty rose 19.85 points or 0.14 per cent to 13,760.55 -- its new closing high.

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  Our investment plans in India on track, Indian economy has strength to bounce back: Saudi Arabia

  December 21, 2020 9:23 IST

  Saudi Arabia, the world's largest oil exporter, on Sunday said its investment plans in India are on track, noting that the Indian economy has the strength to recover from the adverse impact of the coronavirus crisis.

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  Pensioners can submit life certificates till Feb 28: Union Minister Jitendra Singh

  December 20, 2020 19:42 IST

  In a major relief to central government pensioners, the deadline for submission of life certificates has been extended till February 28, 2021.

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  Noida airport: When will the first flight take off

  December 20, 2020 18:49 IST

  Noida will soon have an airport. The ambitious project approved by Uttar Pradesh Chief Minister Yogi Adityanath is being built in Jewar area along the Yamuna Expressway in the Gautam Buddh Nagar district. 

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  Flush with funds in COVID times: Indian cos mop up close to Rs 10 lakh crore in 2020

  December 20, 2020 15:55 IST

  Not-so-expensive credit avenues, benign capital markets and the scramble to built a liquidity war chest to fight pandemic-induced financial woes saw Indian companies mopping up close to Rs 10 lakh crore through equity and debt in 2020. 

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  Top 5 Indian cities capture 25% of smartphone market in October

  December 20, 2020 13:23 IST

  As India's smartphone market registered a massive year-over-year (YoY) growth of 42 per cent in October shipping 21 million units, 25 per cent of the market sat in top tier cities -- New Delhi, Mumbai, Bengaluru, Chennai, and Kolkata -- registering more than 50 per cent YoY growth in October.

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  Nirav Modi’s brother Nehal charged with committing $2.6 million fraud in New York

  December 20, 2020 13:05 IST

  According to the indictment, court filings, and statements made on the record in court, between March 2015 and August 2015, Nehal, a former member of Noble Titan Holdings, made false representations to obtain over USD 2.6 million worth of diamonds from LLD Diamonds USA on favourable credit terms and consignment, and then liquidated the diamonds for his own ends.

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  Air India privatisation unlikely to conclude this fiscal

  December 20, 2020 12:55 IST

  Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India.

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  Finance Ministry permits these 5 states to borrow extra Rs 16,728 cr for 'Ease of Doing Business'

  December 20, 2020 12:50 IST

  The Finance Ministry on Sunday said five states, including Tamil Nadu and Telangana, have been permitted to borrow an additional Rs 16,728 crore following completion of stipulated reforms for 'Ease of Doing Business'. Andhra Pradesh, Karnataka and Madhya Pradesh are the other states which have been permitted to borrow the extra amount.

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  M-cap of eight of top-10 most valued companies zoom Rs 1.25 lakh cr; HDFC, TCS lead gainers

  December 20, 2020 11:41 IST

  Eight of the top-10 most valued domestic companies together added Rs 1,25,229.25 crore in market valuation past week in-line with a bullish broader market trend, with HDFC, TCS and Bajaj Finance emerging as the biggest gainers. Over the past week, the BSE benchmark gained 861.68 points or 1.86 per cent.

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  Public sector banks to raise Rs 25,000 crore in next 3 months: DFS Secretary

  December 20, 2020 11:04 IST

  In the last few months lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore from the market, Financial Services Secretary Debasish Panda told PTI in an interview.

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  Canara Bank's exposure to Transstroy India is Rs 678.28 cr

  December 20, 2020 7:55 IST

  It said that Transstroy India Ltd (TIL), established in 2001, is in the business of developing roads, bridges, tunnels, highways etc.

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  Indian economy reviving well after outbreak, says Lok Sabha Speaker Om Birla

  December 19, 2020 23:02 IST

  Lok Sabha Speaker Om Birla on Saturday said India's economy was witnessing rapid revival after the slowdown due to the coronavirus outbreak and lockdown.

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  7th Pay Commission: Salary, DA hike for central govt employees likely from this month

  January 04, 2021 17:19 IST

  7th Pay Commission: Good news for central government employees! The government is mulling a salary and Dearness Allowance (DA) hike. The employees who are going to get salary hike can start celebrating New Year from today itself. As per updates, this hike in salary and DA will be as per the 7th Central Pay Commission.

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  Apple suspends new business with iPhone contract manufacturer Wistron after violence at plant

  December 19, 2020 22:40 IST

  A week after violence broke out at its Narasapura facility in Karnataka, contract manufacturer Wistron on Saturday said it has fired its vice-president who was heading India operations even as iPhone maker Apple placed the Taiwanese firm on probation.

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  'Why India' to 'Why Not India': PM Modi on change his reforms have brought

  December 19, 2020 21:05 IST

  Prime Minister Narendra Modi on Saturday hard sold his government's reforms spanning from manufacturing to taxation to labour, saying they have changed the world perception about the country from 'why India' to 'why not India' and went on to quote record foreign investment during the pandemic as a testimony to that.

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  Govt preparing a budget 'as never before': Sitharaman

  December 19, 2020 14:57 IST

  Finance Minister Nirmala Sitharaman on Friday said that the government is seeking growth-inducing big ideas and inputs derived from introspection by industry, which would be used for creating a 'budget as never before'.

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  Petrol, diesel prices hold for 12 days even as crude rises over $52/b

  December 19, 2020 14:45 IST

  Oil marketing companies continued to hold back any change in retail price of petrol and diesel continuing with their wait and watch stance that has kept the prices of two auto fuels static for past 12 days.

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  Personalised advertising, privacy are not at odds: Facebook tells Apple

  December 19, 2020 12:23 IST

  Apple CEO Tim Cook has said in a tweet that Facebook can continue to track users across apps and websites as before, App Tracking Transparency in iOS 14 will just require that they ask for your permission first.