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  Markets extend winning run to 6th session; Sensex ends at record high

  December 18, 2020 16:10 IST

  Extending its winning run to the sixth session, equity benchmark Sensex advanced 70 points to end at a new record on Friday following gains in Infosys, ICICI Bank, TCS and Reliance Industries.

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  Coca-Cola to cut 2,200 jobs as part of restructuring for better post-pandemic market

  December 18, 2020 8:52 IST

  The Coca-Cola Co. said Thursday it’s laying off 2,200 workers, or 17% of its global workforce, as part of a larger restructuring aimed at paring down its business units and brands.

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  Bitcoin surges past $20,000, erasing 3 years of deep losses

  December 17, 2020 23:07 IST

  The price of bitcoin rose above $20,000 for the first time Wednesday, as the speculative digital currency topped its previous peak reached shortly after it became tradable on Wall Street three years ago this month.

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  No amount of govt intervention adequate for pandemic-hit economy: FM Sitharaman

  December 17, 2020 20:18 IST

  Addressing the annual general meeting of the Indian Chamber of Commerce (ICC), Sitharaman said that while in early 2020 green shoots and revival signs of the economy were visible, it was upset with the pandemic setting in.

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  Major Bank Fraud! SBI, PNB, Bank of Baroda among banks cheated of Rs 525 crore

  December 17, 2020 19:59 IST

  In a major banking fraud, prominent banks in the country have been cheated of over 500 crore rupees. The Central Bureau of Investigation (CBI) has registered two separate cases relating to the bank frauds.

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  Soon, highway toll fee will be deducted directly from your bank account - Check details

  December 17, 2020 18:08 IST

  The government has finalised GPS-based (Global Positioning System) technology toll collection to ensure seamless movement of vehicles across the country.

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  India to get second Ikea store in Navi Mumbai on Friday

  December 17, 2020 17:32 IST

  Ikea, the world's largest furniture retailer from Sweden, on Thursday said it will open its second store in the country in Navi Mumbai on Friday.  

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  Sensex at all-time high, Nifty tops 13,700; UltraTech Cement, Sun Pharma among top gainers

  December 17, 2020 10:15 IST

  Scaling fresh intra-day records, equity benchmarks Sensex and Nifty inched higher in early trade on Thursday tracking gains in index majors Reliance Industries, HDFC twins and ICICI Bank amid persistent foreign fund inflows and largely positive trend in global markets.

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  World Bank approves 4 India projects worth USD 800 million

  December 16, 2020 21:17 IST

  The World Bank on Wednesday approved four India projects worth over USD 800 million to support development initiatives. 

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  'Divine Maharashtra' tourist train to begin from January 8: Check complete tour and package cost

  December 16, 2020 17:34 IST

  The Indian Railway Catering and Tourism Corporation (IRCTC) will begin the "Divine Maharashtra" tourist train services from January 8. The train journey will cover the prominent religious and heritage tourist destinations in central India. 

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  Gold Price Today: Gold rises Rs 215; silver jumps Rs 1,185

  December 16, 2020 16:27 IST

  Gold price gained Rs 215 to touch Rs 49,059 per 10 gram in the national capital on Wednesday supported by strong global precious metal prices, according to HDFC Securities. 

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  Sensex, Nifty capture new heights on positive global cues

  December 16, 2020 16:22 IST

  Equity benchmarks Sensex and Nifty raced to new peaks on Wednesday as participants took note of continuously improving macroeconomic indicators and positive trends in global markets. 

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  WhatsApp to let users in India buy ‘sachet-sized’ health insurance by year-end

  December 16, 2020 13:40 IST

  WhatsApp on Wednesday said it expects to facilitate the purchase of "affordable sachet-sized" health insurance through its platform by the end of the year as part of its efforts to provide users in India with greater access to financial solutions.

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  Burger King's dream run continues, hits 20% upper circuit

  December 16, 2020 13:15 IST

  The company's stock got listed on Indian bourses on Monday and on the debut day itself it opened at a premium of over 87 per cent over the IPO price at Rs 112.50.

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  WhatsApp Pay now live in India with THESE 4 banks

  December 16, 2020 14:49 IST

  After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.

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  FY21 GDP to contract at 7.4% on better recovery: SBI report

  December 16, 2020 12:16 IST

  India's GDP growth is expected to be at (-) 7.4 per cent in FY21 on better than projected recovery, said a SBI research report, upgrading its earlier forecast of (-) 10.9 per cent.   The report also believes that it would take seven quarters from the fourth quarter of FY21 for GDP to reach the pre-pandemic level in nominal terms.

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  Sensex, Nifty climb new peaks in opening trade

  December 16, 2020 9:54 IST

  Market experts said that Indian equities continued to trade at record-high levels, gaining confidence from improving domestic macro-economic indicators and positive global market outlook.

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  17 per cent of BMW bikes worldwide produced at TVS Chennai plant

  December 15, 2020 22:49 IST

  India's two and three-wheeler maker TVS Motor Company rolls out 17 per cent of BMW motorcycles from its Hosur factory, the German Consul General in Chennai has said.

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  RBI imposes Rs 50 lakh penalty on an urban co-operative bank in Kerala

  December 15, 2020 22:42 IST

  A notice was issued to the bank asking why penalty should not be imposed for non-compliance with the directions issued by RBI.

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  Going to unleash potential of spectrum, looking for meaningful 5G applications: Telecom secy

  December 15, 2020 22:07 IST

  The Department of Telecommunications (DoT) is looking to unleash the potential of spectrum and is exploring meaningful applications for 5G technology, a top official of the department said on Tuesday. The Department of Telecommunications (DoT) is looking to unleash the potential of spectrum and is exploring meaningful applications for 5G technology, a top official of the department said on Tuesday.  

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  Flipkart Internet sees losses widen to Rs 1,950 crore in FY20

  December 15, 2020 22:03 IST

  ​Flipkart Internet, which operates the B2C online marketplace, has seen its consolidated loss widen to Rs 1,950.5 crore for the financial year ended March 2020, even as revenue grew about 32 per cent, as per regulatory documents. 

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  Infosys to prefer flexible 'hybrid' work model for employees in view of pandemic

  December 17, 2020 16:23 IST

  IT company Infosys on Monday said it will prefer a flexible "hybrid" work model going ahead in view of uncertainty around the pandemic situation and allow employees work from home or office depending on the condition.

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  Ola to set up world's largest e-scooter factory in India

  December 15, 2020 19:01 IST

  Ride-sharing company Ola has entered into an agreement with the Tamil Nadu government and will be investing Rs 2,400 crore for setting up its first electric scooter factory in the state.

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  I-T Dept detects over Rs 700 cr tax evasion after raids against Chennai's Chettinad Group

  December 15, 2020 18:50 IST

  The Income Tax Department has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group, the CBDT and official sources said on Tuesday.  

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  Mahindra to hike prices of passenger, commercial vehicles from January

  December 15, 2020 18:40 IST

  ​Mahindra & Mahindra (M&M) on Tuesday said it will hike prices of its entire range of passenger and commercial vehicles from next month in order to partially offset the impact of rise in input costs.  

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  India's economy recovering faster than expected, growth to rebound to 10% in FY 2021-22

  December 15, 2020 17:53 IST

  A faster recovery keeps more of the economy's supply side intact and can set India up for more prolonged above-average growth during the recovery phase, S&P Global Ratings said in a statement.

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  Govt trying to create 5 crore jobs in next 5 years, says Nitin Gadkari

  December 15, 2020 17:30 IST

  Union Road Transport and Highways and MSME Minister Nitin Gadkari said on Tuesday that the government is trying to create five crore jobs in the next five years. He said that the turnover of rural industries is Rs 80,000 crore, which is targeted to be Rs 5 lakh crore in the next five years. For this, work is going on in a planned way in agriculture and rural areas.

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  'DakPay' - India Post Payments Bank launches digital payment app: All you need to know

  December 15, 2020 17:15 IST

  The Department of Post (India Post) and the India Post Payments Bank (IPPB) on Tuesday launched a new digital payment app ‘DakPay’ for its customers to operate their banking service online.