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  Fall in GDP alarming; time for bureaucracy to take meaningful action: Raghuram Rajan

  September 07, 2020 14:06 IST

  Terming the 23.9 per cent fall in economic growth in June quarter alarming, former Reserve Bank Governor Raghuram Rajan has said bureaucracy should come out of complacency and take meaningful action.

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  RIL to now focus on monetization with 'commerce layer'

  September 07, 2020 14:01 IST

  According to a research report by BofA Securities, in the last 4 years, with Jio, RIL has been able to build a "digital layer" on top of the existing "physical layer" of retail shops across electronics, grocery and apparels.

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  Vodafone Idea rebrands as Vi; 'Reflection of both brands,' says Kumar Mangalam Birla

  September 07, 2020 13:47 IST

  Vodafone Idea launched “Vi”, a new unified brand identity in India which will bet big on digital to attract customers and stem exits to rivals Bharti Airtel and Reliance Jio. Vodafone Idea, now VI, is renewing its focus after the AGR verdict a few days ago.

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  Diesel price extends its gap with petrol, falls again

  September 07, 2020 13:23 IST

  ​Diesel price has extended its gap with petrol across the country with oil marketing companies cutting its retail price again while keeping petrol price steady.  

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  Happiest Minds IPO: Listing, lot size, analysts ratings. Key things to know before you invest

  September 07, 2020 11:04 IST

  Happiest Minds IPO: Happiest Minds Technologies Ltd, the digital IT and product engineering service provider opens its Rs 702-crore maiden initial public offering (IPO) for a subscription today i.e (September 7). The price band of the offer has been fixed at Rs 165-Rs 166 per equity share.

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  TCS, HCL, Infosys among top 3 IT majors with maximum employees availing EPF advances

  September 07, 2020 10:59 IST

  Data shared by the Employees' Provident Fund Organisation (EPFO) has shown employees working with major IT companies have availed the maximum EPF advances. Following the coronavirus pandemic, EPFO offered members the opportunity to avail advance not exceeding three months’ basic wages and dearness allowances or up to 75% of the amount standing to the credit of their respective accounts. 

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  Potato prices in Bengal skyrocket, traders blame it on export

  September 07, 2020 8:38 IST

  Potato prices in West Bengal are currently ruling high at Rs 32-33 a kg as 15-20 per cent of daily supply of the commodity is being exported to neighbouring states.

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  Why TikTok sale may run into hurdles

  September 07, 2020 8:45 IST

  Technology transfer curbs and the rise of rival platforms could pose as major roadblocks in the way of TikTok India's acquisition, the Mint quoted two industry experts as saying.

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  Flight tickets booked between March 25 and May 3 will be 'fully refunded': DGCA to SC

  September 06, 2020 20:08 IST

  Directorate General of Civil Aviation (DGCA) told Supreme Court on Sunday that passengers, who booked flight tickets in domestic and international carriers for air travel between March 25 to May 3, 2020, which was the first two phases of lockdown, will be "fully refunded."

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  SBI launches VRS scheme for its bank employees. Check eligibility, benefits

  September 07, 2020 9:00 IST

  SBI VRS scheme 2020: In a bid to optimise its costs, India’s largest bank, State Bank of India (SBI) has launched a voluntary retirement scheme (VRS) under which about 30,190 employees are eligible.

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  Airtel launches new broadband plans offering unlimited data: Plans, prices and more

  September 06, 2020 17:06 IST

  Telecom operator Bharti Airtel on Sunday launched 'unlimited' category broadband plans starting at Rs 499 per month which will come bundled with subscription to video entertainment apps and high definition set-top box (STB) against refundable deposit. 

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  Tata Steel production back at 100% capacity, says company CEO Narendran

  September 06, 2020 16:37 IST

  Tata Steel's production level has now recovered to 100 per cent as the company sees a revival in domestic demand in the current quarter led by a good monsoon and rural economy, its CEO and Managing Director T V Narendran has said. 

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  HDFC disburses CLSS loans to over 2 lakh home buyers

  September 06, 2020 14:18 IST

  In a regulatory filing on Sunday, the lender said that it approved over Rs 47,000 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG).

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  Centre mulls installing EV charging kiosks at around 69,000 petrol pumps in country

  September 06, 2020 12:51 IST

  In a review meeting on EV charging infrastructure, Power Minister R K Singh suggested oil ministry top officials that "they may issue an order for their oil marketing companies (OMCs) under their administrative control for setting up charging kiosks at all COCO petrol pumps", a source said.

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  Trai grants Vodafone Idea time till Sep 8 to respond to priority plan show-cause notice

  September 06, 2020 12:04 IST

  Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice New Delhi, Sept 6 (PTI) Telecom regulator Trai has granted additional time, till September 8, to Vodafone Idea to reply to its show-cause notice on priority plan, after the company sought more time to respond. The Telecom Regulatory Authority of India (Trai) last month had slapped a show-cause notice on Vodafone Idea Ltd (VIL) over its pay-more-for-priority treatment mobile plan, saying the tariff offer "lacks transparency" and is "misleading" and not in compliance with the regulatory framework.

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  Work from home a new normal but hits productivity: Mumbaikars

  September 06, 2020 12:02 IST

  The COVID-19 pandemic has popularised the concept of work from home, but Mumbai professionals say space crunch in apartments and lack of robust internet connectivity has hampered their work, though saving on travel time has been an advantage for some.  

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  Japanese bank MUFG takes on lease 30,000sqft space at BKC from Adani Realty

  September 06, 2020 11:53 IST

  Japan's largest bank MUFG has picked up 30,000 sqft space in Adani Realty's commercial building at BKC on lease for 10 years for around Rs 90 crore, sources said.  

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  RBI revises audit norms for banks to improve risk management

  September 05, 2020 21:12 IST

  The Reserve Bank on Saturday came up with revised long format audit report (LFAR) norms with a view to improving efficacy of internal audit and risk management systems. 

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  Andhra Pradesh no. 1 state in ease of doing business; UP, Telangana follows on 2nd, 3rd

  September 05, 2020 17:54 IST

  Andhra Pradesh has emerged as the best state in ease of doing business ranking, retaininig its top position in the ranking of states and union territories (UTs) based on the implementation of the business reform action plan, according to a report released by Finance Minister Nirmala Sitharaman on Saturday.

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  Tax Devolution: Finance Commission advised to treat FY21, FY22 differently

  September 05, 2020 10:32 IST

  The council suggested that the 15th Finance Commission under the chairmanship of N. K. Singh will have to take a nuanced approach towards tax devolution to the states, other transfers, financing of expenditures in the midst of revenue strains including through borrowings and the path of fiscal consolidation.

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  Facebook says remains committed to be open, transparent platform

  September 04, 2020 22:13 IST

  Facebook has said that it remains committed to be an open and transparent platform, and allow people to express themselves freely on the platform amid a raging row over the social media giant's alleged political bias.

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  BSNL to lay off another 20,000 contract workers: Employees' union

  September 04, 2020 22:01 IST

  The union also claimed that 30,000 contractual workers have already been retrenched under the company's retrenchment process and added that all such workers remained unpaid for more than a year.

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  RBI revises priority sector lending norms, raises credit limits

  September 04, 2020 16:29 IST

  The Reserve Bank of India (RBI) on Friday released its revised priority sector lending guidelines wherein the credit limits have been raised for farmer producer organisations, renewable energy and for health infrastructure.

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  Sensex plunges 634 points; Nifty cracks below 11,350

  September 04, 2020 16:06 IST

  Domestic equity benchmark Sensex crashed 634 points on Friday, tracking losses in index majors Reliance Industries, HDFC and Infosys amid a selloff in global equities. 

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  Gold Price Today: Gold marginally down Rs 56; silver also declines Rs 738

  September 04, 2020 16:00 IST

  Gold prices were marginally down by Rs 56 to Rs 51,770 per 10 grams on Friday in the national capital amid rupee appreciation, according to HDFC Securities.

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  Vodafone Idea shares jump nearly 30 pc ahead of board meet to consider fund raising

  September 04, 2020 11:17 IST

  Shares of Vodafone Idea on Thursday zoomed nearly 30 per cent ahead of its board meeting on Friday to consider fund raising through various means. The stock jumped 26.74 per cent to close at Rs 12.56 on the BSE. During the day, it zoomed 29.96 pc.

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  Infosys buys US product design firm for $42 million

  September 04, 2020 8:51 IST

  Global software major Infosys on Thursday announced it has acquired US-based product design firm Kaleidoscope Innovation for $42 million (Rs 309 crore) to expand its engineering service offerings in medical devices, consumer and industrial markets across America.

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  Keep a watch at the skies, your next order with Amazon could be delivered through a drone

  September 04, 2020 10:51 IST

  Amazon will soon deliver your orders through drones. On Monday, the Federal Aviation Administration granted Amazon the approval to deliver customers' order through drones.